The 3 Cheapest New Trucks to Own According to Kelley Blue Book

Truck ownership doesn’t have to cost a fortune. There are plenty of new trucks on the market that can be affordable to own over time. Here are the three cheapest new trucks to own, according to Kelley Blue Book.

The 2021 Ford Ranger is the cheapest new truck to own

A gray Ford Ranger XLT is on display during North American International Auto Show at Cobo Center in Detroit, MI, United States on January 15, 2018.
Ford Ranger XLT is on display during North American International Auto Show | David Graff/Anadolu Agency via Getty Images

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The 2021 Ford Ranger is one of Ford’s smallest trucks. The Ranger is known for its excellent handling, good gas mileage, and powerful engine. One of the best parts about the 2021 Ford Ranger is despite its quality and reliability, it’s still affordable.

The Ford Ranger starts at $25,070. It gets 21 miles per gallon in the city and 26 miles per gallon on the highway. According to Kelley Blue Book, it has the lowest cost of ownership out of all the new pickup trucks. It scored a 4.2/5 in KBB reliability ratings, so the Ranger isn’t anticipated to be expensive to maintain. Its reliability, coupled with a slow depreciation rate and low fuel costs earn it a top spot on the list of cheapest new trucks to own.

The 2021 Toyota Tacoma is as affordable as it is fun to own

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The Toyota Tacoma has always been affordable, and it has always been a ton of fun. The 2021 Toyota Tacoma starts at $26,400. It gets 18 miles per gallon in the city and 22 miles per gallon on the highway. The Tacoma may not have the best fuel economy, but it is amazingly resilient.

Kelley Blue Book gave the 2021 Toyota Tacoma a 4.4/5 score for reliability. Tacomas are built to last and have amazing off-roading capabilities. Today, a new 2021 Toyota Tacoma might be cheaper than some used models thanks to the global semiconductor chip shortage.

Consumers love their affordable 2021 Chevy Colorado pickup trucks

An orange 2021 Chevrolet Colorado pickup truck is driving on the road.
The 2021 Chevrolet Colorado | Chevrolet

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The 2021 Chevrolet Colorado received a 4.4/5 reliability score from Kelley Blue Book. It got a 4.4/5 consumer rating on KBB as well. Consumers love their Chevy Colorados because they’re stylish, handle well and are affordable to own.

The Chevy Colorado gets 19 miles per gallon in the city and 25 miles per gallon on the highway. It starts at $25,200. Kelley Blue Book calls the 2021 Chevy Colorado the third cheapest new truck to own over a five-year period.

Are the cheapest new trucks to own good trucks?

A black Ford Ranger compact pickup truck is parked on a mountain. A man is on his laptop sitting on a rock nearby.
The Ford Ranger | Ford

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Paying a fair price doesn’t actually mean sacrificing any value when buying any of the cheapest new trucks to own. The 2021 Ford Ranger, 2021 Toyota Tacoma and 2021 Chevrolet Colorado all received expert review scores above 4/5 on Kelley Blue Book.

Many consider the 2021 Ford Ranger second in its compact pickup truck vehicle class behind the 2021 Honda Ridgeline. None of the cheapest new trucks to own are at the top of their vehicle classes, but they all provide amazing value. Who would have thought the cheapest new trucks to own are also some of the best new trucks to own?

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