With so many technological advancements being made every year, new cars see substantial depreciation. This has led many consumers to search for the most practical vehicle that doesn’t depreciate quite as much – the answer to that has been the noble pickup.
There is no question that pickups hold their value far better than almost any other type of vehicle, and now we can buy a pickup in almost any configuration – sports pickups, off-road pickups, small, medium, large, and of course Super Duty pickups!
The reality of all this abundance of choice is that most consumers will get caught up in the endless lists of options, likely paying far too much for something they don’t necessarily need. Many of these options are great, but in the long term they don’t add up to much when it comes to resale, this sees the vehicle depreciate just as much as any other car.
Here’s a look at 15 pickups that will lose you money in the next 5 years.
15 Chevrolet Silverado 3500HD
Most heavy-duty pickups will be focused (at least in development) on being workhorses, which means all the frills are tacked on to fill a gap in the market. Although the Chevy performs well as a pickup, the build quality is that of a workhorse, not the luxury car the price alludes to. You stand to lose close to half your money in 5 years, especially with the looming financial crisis demand for thirsty monsters like this will decline.
14 GMC Sierra 2500HD
The offering of the GMC Sierra just adds one more premium option to the already extensive array of GM pickup options. Although it is marketed as “premium” most people don’t get fooled by badge engineering, and based on current market trends the value will be right in line with the Silverado.
13 Ford F-250 Super Duty Platinum
Ford has bet big on their pickups, and the sales success of the F-150 has had a knock-on effect with people considering upgrading within the brand. So trucks like the F-250 look really good until you start ticking options boxes when the price skyrockets and the real value disappears with your hard-earned cash.
12 Ram 1500 Laramie
$64,000 is a lot of money for this kind of pickup, it is pretty good to look at, especially with the recent face-lift but one look at the used market gives you an indication of the kind of losses you can expect. A 2015 Laramie can be found for less than $20,000, which equates to a lot of money to let go of!
11 Honda Ridgeline Black Edition
Honda aims the Ridgeline directly at the leisure vehicle buyer. It isn’t a true pickup and certainly won’t handle off-road terrains. It will be reliable though, every review by almost every customer points in that direction, the build quality is also good. But parting ways with over $40,000 just doesn’t seem right for a mid-size pickup, and in 5 years you will be lucky to get half your money back.
10 Toyota Tundra TRD Pro
What, a Toyota?! This is a brand that has proven itself to be one of the best when it comes to resale values, so this might come as a shock. The Tundra (2018) has 5 recalls to its name, although we would expect Toyota to make the necessary fixes, the damage has been done and expect used values to decline.
9 Nissan Titan 4×4 Platinum Reserve
The Titan in base trim is pretty much on point as far as pricing is concerned, the price jumps a lot for this version. When you take into consideration the inferior build quality and a couple recalls in its not-so-distant past, you can only really expect to get around half your money back.
8 Ram 2500 Laramie Longhorn
Only just out the blocks in 2020 and there are already 3 recalls! The value, already questionable just looking at the build quality, will have you scratching your head at the prospect of a transmission failure within the first year of ownership.
7 Chevrolet Silverado 3500HD High Country
With the increasing likelihood of a global recession in the next year or so, HUGE trucks like the 3500HD will see a downturn in demand. The thirsty beasts running costs will be all too much for most to justify ownership.
6 Ram 3500 Laramie Longhorn
If HUGE wasn’t enough, then maybe make it HUGE and luxurious. With the same recalls out as the 2500, the value is questionable, much like the build quality. This won’t get you much money back, buying the standard version just seems like a much better option if you really need to buy a big Ram.
5 GMC Sierra 3500HD Denali
Like the other HUGE trucks, this will not be the first choice of anyone in the near future. Economy and low running costs will be the focus, not the luxury and pulling power this truck offers. Not to mention the two recalls already out!
4 Ford F-350 Super Duty Lariat Power Stroke
With the prices of the top of the line F-350 getting uncomfortably close to the $90,000 mark, there is little value to be had here. Looking back at the used market, you can find 5-year-old examples below the $30,000 mark, it will only get worse going forward.
3 Nissan Titan XD
On this particular truck, Nissan sold its soul betting on size. Trading what was left of their integrity, and willingness to make a good vehicle all for sales in the HUGE truck market. It doesn’t stack up to its rivals in any way, shape, or form, and will hold no long-term value.
2 Ford F-150 Lariat
The F-150 is a good truck; it has a lot going for it, and the Lariat is feature-rich. The problem with this truck has nothing to do with quality, it is a simple supply and demand issue. The overabundance of these vehicles on the used market keeps the price low, much lower than it should be. This is a great deal for anyone looking to get a lot of value from a used truck, but it also means fresh owners will lose tens of thousands of dollars only a few years down the line when they sell this truck.
1 Ford F-450 Super Duty
It could be understandable for some small businesses to buy these big rigs in their base trim, but for most people this is just overkill. Like the F-350, new prices are pretty close to the $90,000 mark and you can now find a 2015 Lariat for less than $30,000, so expect to lose exponentially more money as you tick more option boxes.
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