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What is the depreciation rate of a Ford Ranger?
I’m considering purchasing a used Ford Ranger but I’m not sure I’ll want to keep it for very long. If I sell it in a few years, will it still hold its value? What’s the depreciation rate for a Ford Ranger?
Kara Vanderbeek · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Depreciation rates are one of the most influential factors in determining the resale value of a vehicle, so it’s wise to look into a vehicle’s rate before purchasing it. The
Ford Ranger
has a depreciation rate of 24% after five years. In comparison, most cars lose 10% of their value the second they drive off the lot, with an average depreciation rate of 20% after one year and 40% after five.
In other words, the Ford Ranger will maintain a large portion of its value over time in comparison to other vehicles. Plus, by purchasing a used Ford Ranger that’s at least two years old, you could save around $4,300 compared to buying new!
If depreciation rates are an important factor in deciding which vehicle you’ll purchase, the Ford Ranger is a great way to go.
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- Gregory R.
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