Each year, Vincentric analyzes the costs of ownership of cars, trucks and SUVs. The company takes into account the real costs of owning a truck, such as insurance costs, miles per gallon, maintenance costs and more, to determine the cheapest vehicles. This year, it ranked the Jeep Gladiator and Ford F-150 as Best Buys for Second-Year Certified Pre-Owned Trucks, or CPOs. What makes these two winners?
How does Vincentric determine the best value?
Vincentric says it measures a vehicle’s cost of ownership by taking into account fuel, insurance, opportunity cost, repairs, fees and taxes. He ranks car, truck, and SUV models and determines which one has the lowest cost in its segment. This years 2023 Best CPO Value Awards It’s Vincentric’s 10the annual awards.
The company measures at the model level but not at the trim level. That means some, like the Chevy Silverado, can be criticized for having thirsty, expensive off-road versions like the ZR2 or the Ram with the TRX truck.
The 2023 Jeep Gladiator Is the Cheapest Small or Midsize Truck to Own
The Jeep Gladiator takes home the award in the small and medium truck category. Its operating costs are 5.9% lower than expected and it outperformed six competitors. That’s a bit of a shock considering the Ford Maverick can get around 40 MPG around town. But the Jeep is a basic truck, not a hybrid like the Maverick, which means its basic functionality could be less. Because it’s basic, it even specs it up with a fun manual transmission.
Fans of “real” trucks tend to overlook the Gladiator, but it does truck stuff as well as any truck, and the top comes off. It can tow an incredible 7,650 pounds and up to 1,700 pounds of payload. It’s based on a Jeep Wrangler, so it handles and drives like a Wrangler, which is to say it’s not as good on the highway, but it’s amazing on the trail. It has a small 5.0-foot box and its V6 makes 285 horsepower, though a Gladiator Diesel is available. The gladiator
The Ford F-150 is the cheapest full-size truck to own
The Ford F-150 takes the full-size pickup award for having the lowest operating costs in its class. Ford has also equipped many new F-150s with EcoBoost engines, which are turbocharged six-cylinders that make just as much power as the old V8s, helping the F-150 get best-in-class fuel economy. The F-150 also has the lowest operating costs and the lowest insurance premium.
For 2023, the Ford F-150 starts at $33,695. But the truck seems to have more options than ever, from the new hybrid trim to the useful Pro Power Onboard that adds household power to the bed. This year, special versions of the F-150 garnered a lot of attention, from the new F-150 Lighting to the impressive 700-horsepower Raptor R. But at its core, the F-150 is America’s truck of choice for work and play.