9 Best Cheap Trucks for Budget-Conscious Buyers

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9 Best Cheap Trucks for Budget-Conscious Buyers

Posted on November 20, 2024

"Cheap" doesn't have to mean "bad", especially if you're shopping for a truck. Looking to save money while getting a reliable vehicle? We’ve compiled a list of the best cheap trucks covering new and used models to help you find affordable and practical options. From fuel efficiency to towing capacity, discover which trucks offer the best value for your budget.

Key Takeaways

• The Ford F-series, in particular the Ford F-150, is undoubtedly one of the most popular pickup truck options, offering a variety of budget-friendly models.
• The Toyota Tacoma is one of the most widely renowned trucks to buy used in Canada, mainly due to its reliability at even high mileages.
• The 2024 Chevrolet Colorado has already been lauded for its versatility, power, and off-road capabilities, being recognized as 2024 Truck of the Year by Motor Trend.
• The Hyundai Santa Cruz SE is a great option if you're looking for a good balance of towing power and fuel efficiency.

Key Features to Look for in a Cheap Truck

While we're happy to help you create a financing plan that works for your budget, it's important to have a clear idea of where your limits are. When you're picking an affordable truck, keep an eye on the total cost of ownership, which includes fuel, maintenance, and insurance. Finding savings in these areas is a big win when choosing cheaper pickups.

Focus on key features like fuel economy, towing capacity, and safety. These factors ensure your truck stays affordable and cost-effective over time.

Towing Capacity

Towing capacity is super important, especially if you're planning on hauling heavy stuff like trailers or boats. Make sure the truck's towing capacity matches what you need to get the job done efficiently. A lot of affordable trucks are built to handle everyday towing tasks without breaking a sweat.

For example, trucks like the Chevrolet Colorado WT and Ford F-150 XL come equipped with robust towing capabilities that make them perfect for both work and play. If you're into outdoor adventures or need a truck for your business, having the right towing capacity can make all the difference.

Fuel Economy

For those keeping an eye on their wallets, checking out fuel economy is a big deal. With gas prices always on the move, having a truck that doesn't guzzle fuel is a smart move. Fuel efficiency not only saves you money at the pump but also reduces your overall ownership costs, making it a crucial factor when choosing the right truck for your needs.

Consider the GMC Sierra with RWD, for example. It achieves around 23 mpg, highlighting how choosing a fuel-efficient truck can lead to significant savings over time. This level of fuel economy is especially advantageous for those who use their trucks for daily commutes or frequent long-distance travel.

Safety Features

Safety features play a key role in ensuring secure driving, especially when you're looking at used pickup trucks. When shopping for an affordable pickup, it's important to prioritize safety technologies that can protect both the driver and passengers.

Look for features such as automatic emergency braking, which can help prevent collisions by automatically applying the brakes in emergency situations, and forward collision alert, which warns drivers of potential frontal impacts.

Consider a truck that comes equipped with essential safety features such as automatic emergency braking and forward collision alert, along with lane departure warning to alert drivers if they unintentionally drift out of their lane. Additionally, many modern trucks now offer advanced safety systems like blind-spot monitoring and rear cross-traffic alert, further enhancing overall safety.

Affordable New Pickup Trucks

Buying a new truck doesn't have to break the bank. In fact, there are several affordable new models that offer incredible value without compromising on capability, power, or safety. These trucks provide the perfect blend of affordability, performance, and utility, making them ideal for any lifestyle or use.

Whether you need something with amazing fuel economy, or a heavy-duty truck with powerful towing capacity, we've got a model in our new truck inventory for you. In 2025, several affordable new pickup trucks cater to budget-conscious buyers, offering value without compromising on capability.

These trucks provide a perfect blend of affordability, performance, and utility, making them ideal for various needs. Whether you’re looking for something fuel-efficient or a truck with ample towing capacity, we've got something in our new truck inventory for you.

Three noteworthy affordable pickups this year are the Ford Maverick XL, Hyundai Santa Cruz SE, and Chevrolet Colorado WT. Each truck offers unique features and benefits, making them stand out in the competitive market of the cheapest new pickup trucks.

Ford Maverick XL

Starting at just over $35,700, the Ford Maverick XL packs a punch with its incredible value. You’ll love its standout fuel efficiency, hitting an impressive 42 mpg in the city, 33 mpg on the highway, and 37 mpg combined. It's one of the most fuel-efficient options out there!

Under the hood, you'll find a 2.5-liter hybrid engine that perfectly balances power and efficiency. Despite its compact size, it doesn’t hold back on capability, offering a towing capacity of 2,000 pounds. This makes it a fantastic pick for anyone needing a reliable truck for light-duty tasks without burning a hole in your pocket on fuel.

The Maverick XL's affordability, combined with its stellar fuel economy and practical features, makes it a top choice for anyone in the market for a new truck that won’t break the bank.

Hyundai Santa Cruz SE

Our next pick is the 2024 Hyundai Santa Cruz SE, which starts at just under $44,700. This versatile pickup truck offers a unique blend of comfort, utility, and style. It’s available with a 2.5-liter four-cylinder engine producing 191 horsepower, or you can opt for the turbocharged version that delivers a robust 281 horsepower.

The Santa Cruz SE shines when it comes to towing and payload capacities. It can tow up to 5,000 pounds, making it suitable for a wide range of hauling needs. Additionally, it offers a payload capacity between 1,500 and 1,750 pounds, depending on the configuration. This truck is not only powerful but also practical for everyday use.

Fuel economy is another strong point for the Santa Cruz SE, especially with the non-turbo engine achieving an EPA-rated 23 mpg combined. This makes it a fuel-efficient choice for those who need a capable truck without sacrificing too much at the pump.

Chevrolet Colorado WT

Rounding out our list of affordable new pickup trucks is the 2024 Chevrolet Colorado WT. With a starting price of just over $47,900, it offers a solid blend of performance and value.

The Colorado WT is particularly notable for its towing capacity, which maxes out at an impressive 7,700 pounds. This makes it an excellent choice for those who need a truck that can handle heavier loads without breaking the bank.

Overall, the Colorado WT combines affordability with strong towing capabilities, making it a versatile option for budget-conscious buyers who need both power and cost-efficiency in a new truck. It's no wonder that Motor Trend named it their pick for the 2024 Truck of the Year!

Budget-Friendly Full-Size Trucks

If you're in the market for something with a little more power and cargo space, there are plenty of budget-friendly full-size trucks available out there, including the Ford F-150, GMC Sierra, and the Chevrolet Silverado 1500. These big boys offer the size and strength needed for larger tasks without the hefty price tag that comes with many newer models.

Each of these full-size trucks has a base model falling well under the average price range, making them some of the most accessible options in their category. It’s important to remember that these starting prices may not include cash incentives or taxes, so buyers should be prepared for additional costs.

Here’s what makes each of these full-size trucks a great choice for budget-conscious buyers.

Ford F-150 XL

If you've got even a passing interest in trucks, you already know about the Ford F-150, a staple in the world of full-size pickups and a budget-friendly option. Starting at just about $48,200, the XL model is particularly attractive due to its multiple engine options, catering to various performance needs. Whether you need more power for towing or better fuel efficiency for daily driving, the F-150 XL has you covered.

A key feature of the F-150 XL is the standard Class IV receiver hitch, which enhances its towing capacity and makes it a versatile choice for many buyers. This truck is designed to handle a range of tasks, from work to play, making it a solid investment for those needing a reliable and powerful vehicle.

Chevrolet Silverado 1500 WT

The 2024 Chevy Silverado 1500 WT is another excellent full-size truck option, starting at around $47,900. Known for its robust performance, the Silverado 1500 WT can tow up to 9,900 pounds when equipped with the 5.3-liter V-8 engine. This makes it a powerful choice for those needing significant towing capabilities without a high price tag.

The Chevy Silverado 1500 WT combines utility with affordability, offering a practical solution for buyers who require a full-size truck that can handle heavy-duty tasks.

GMC Sierra 1500 Pro

Last but not least on our list of budget-friendly full-size trucks is the new GMC Sierra 1500 Pro, starting at just over $48,900. This truck offers various engine options, including a turbocharged four-cylinder, two V-8s, and a turbo-diesel inline-six, catering to different performance needs.

The Sierra 1500 Pro’s towing capacity ranges from 8,700 to 13,300 pounds, depending on the engine configuration. This flexibility makes it an excellent choice for those needing a versatile and powerful truck that can handle a variety of tasks.

Top Used Pickup Trucks

Used pickup trucks offer a reliable and performance-driven alternative to new models for budget-conscious buyers. Some of the most popular options in this category include the Toyota Tacoma, Ford F-150, and RAM 1500, each known for their durability and value in the used market. If you’re looking for a used pickup truck, most are worth considering, and you can find plenty in our pre-owned inventory.

Purchasing a used pickup can result in significant savings, offering a well-maintained vehicle at a fraction of the cost of a new one. Used trucks often have a history of reliable service, making them practical choices for those on a budget.

Here’s why these models stand out in the used pickup market.

Ford F-150

The Ford F-150 is another excellent used pickup option, offering a variety of cab configurations and bed configurations to suit different needs. Whether you need a SuperCrew for more passenger space or a crew cab for additional cargo room, the F-150 has you covered.

Available engine options include a 5.0L V8 and a 3.5L EcoBoost V6, providing a balance of power and fuel efficiency. Before purchasing a used F-150 from our wide selection of models, be sure to check the maintenance records to ensure the vehicle’s reliability.

Toyota Tacoma

The Toyota Tacoma is famous for being tough and reliable, making it a go-to choice in the used pickup scene. With its strong resale value and long-lasting nature, the Tacoma is a smart pick for anyone wanting a truck that’s built to last.

Buying a recent model year used Tacoma offers significant savings over a new truck while ensuring reliable service. For example, the price difference between a used 2018 Tacoma and a new 2023 Tacoma can be significant, often saving buyers thousands of dollars. This makes it an attractive option for budget-conscious buyers who want a dependable vehicle without the new car price tag.

RAM 1500

The RAM 1500 is known for having one of the nicest interiors in any pickup, offering a premium feel even in used models. Luxury elements like leather upholstery, open-pore wood accents, and a 12-inch Uconnect touchscreen feature in the higher trims.

If you're interested in a RAM 1500, our service team recommends focusing on used RAM 1500 models from the 2017-2020 model years, as these offer the best value. These models in particular offer a refined ride and are known for their comfort and capability, making them practical choices for both work and family needs.

Tips for Buying a Cheap Truck

Purchasing a cheap truck requires careful planning and research, as well as setting a firm budget to avoid overspending.

Setting a firm budget is key to keeping your spending in check and staying financially stable. Doing some homework on prices ahead of time gives you a good idea of what's affordable and which vehicles might be a good fit for you.

In addition, you should also check regularly for any specials that we might be running at Strathmore Ford. Our seasonal sales events can provide significant discounts on new and used trucks, so make sure you don't miss out!

In addition, it's also important to examine any vehicle history reports before deciding on a truck purchase. Our sales advisors will happily provide a CARFAX report for any of the used pickup trucks on our lot, which details any accidents or recalls.

Pros and Cons of Cheap Pickup Trucks

Opting for a budget-friendly pickup truck can lead to significant savings and is often a more economical choice compared to purchasing a brand-new model. These trucks offer reliable service, making them a practical and smart choice for budget-conscious buyers.

While some affordable pickup trucks might not feature the latest modern amenities and safety technologies found in newer models, they still provide essential functions and robustness. It's important to appreciate the balance between affordability and the features offered when considering budget-friendly pickup trucks.

Going for a cheaper pickup truck can really cut down on your overall costs, helping you save on things like fuel, insurance, repairs, and maintenance. By choosing a basic model, you can save thousands compared to those loaded with features. Basic trucks usually come with a lower price tag, which means more money in your pocket.

These trucks often have lower maintenance costs because they have simpler parts and fewer complex systems, many of which our parts department would be happy to help you get to know. They're generally easier to handle, less likely to have issues, and need fewer repairs.

Furthermore, given how much gas prices can fluctuate, fuel efficiency is a big deal when it comes to how much you'll spend on your truck.

Keep in mind, cheap trucks might not have the latest tech and luxury perks that newer models do. Used trucks that are cheaper usually have more miles on them, which can affect how reliable they are. High-mileage trucks might need parts like brakes and tires replaced sooner.

Also, cheaper trucks usually come with less powerful engines and aren't as quick as the newer ones. It's important to weigh these downsides against the money you'll save when picking a budget-friendly pickup truck.

Summary

Finding a budget-friendly pickup truck doesn’t mean you have to compromise on quality or capability. Whether you’re looking at new models like the Ford Maverick XL or used options such as the Toyota Tacoma, there are plenty of affordable trucks that can meet your needs. By considering key features like fuel economy, towing capacity, and safety, you can ensure your purchase is both practical and cost-effective.

Remember to set a firm budget, review vehicle history reports, and be on the lookout for specials to get the best deal. While cheap trucks may have some drawbacks, the benefits often outweigh them, especially if you do your homework and make an informed decision.

Ultimately, the ideal truck for you will hinge on your unique needs and budget. With the right strategy, you can secure a dependable and cost-effective pickup that will serve you well for years to come. For personalized assistance and more information on finding the perfect affordable truck, don't hesitate to reach out to our sales team at Strathmore Ford today!