Ford Ranger Cost: A Comprehensive Guide to Ownership
Thinking about making the Ford Ranger your daily driver that’s also your rugged work companion? Before you make your choice, it’s essential to understand the true cost of ownership. While this midsize truck from Ford’s exceptional lineup of Built Ford Tough® models is renowned for its versatility, power, and features, the total financial commitment extends beyond the initial purchase price. At Crossroads Ford of Lumberton, we’ll review the intricacies of Ford Ranger ownership costs, from financing options to ongoing maintenance costs, in order to provide you with the information you need to make an informed decision. Visit us in Lumberton, NC, to get started!
Initial Purchase Price & Incentives
The Ford Ranger has a starting price range of around $44,000-57,000. The final cost depends on the trim level, options, and model year. Dealerships often offer incentives and discounts to lower the purchase price. When negotiating, consider the invoice price, current market value, and available rebates. Additionally, the initial purchase price can significantly impact the Ford Ranger’s resale value over time, affecting how much it retains after ownership for a number of years.
Numerous Features to Enjoy: The Specs
The Ford Ranger is a versatile truck that blends rugged capability with modern comfort. Its bold exterior features LED lighting, muscular styling, and customizable appearance packages. Under the hood, the standard 2.3L EcoBoost® engine delivers impressive power and towing capacity when paired with the available Trailer Tow Package to achieve a maximum tow of up to 7,500 lbs. You can upgrade your performance to the next level with the optional 2.7L EcoBoost® V6 engine as well. The Ford Ranger’s off-road prowess is further enhanced by the available FX4™ Off-Road Package, which includes features like Trail Control™ and an electronic-locking rear differential.
When you step inside, the Ford Ranger offers a comfortable and tech-savvy interior designed to accommodate up to five passengers. Safety takes center stage with Ford Co-Pilot360® as standard, featuring a suite of advanced driver-assistance systems, including Adaptive Cruise Control, Blind Spot Information System with Trailer Coverage, Pre-Collision Assist, and Lane-Keeping System. The 8-in. digital instrument cluster keeps you informed about vital driving data, while the 10-in. center stack display powered by SYNC® 4A technology provides seamless connectivity. Stay connected on the go with Apple CarPlay®, Android Auto™, and FordPass® Connect. A convenient wireless charging pad ensures your devices stay powered, and the premium B&O® Sound System with ten speakers delivers an immersive audio experience.
The available features, in addition to the standard package, show that the cost of a Ford Ranger can fluctuate depending on the options you choose to equip your ride with. It all comes down to what you want.
Choosing the Right Ford Ranger for Your Needs
Selecting the perfect Ford Ranger for your needs involves several key considerations. Here are some tips to help you make an informed decision while also being mindful of your budget.
Determine Your Budget: Start by considering the purchase price and interest rates. Knowing these will give you insight into how much you’ll spend towards the Ford Ranger’s monthly payments.
Assess Your Needs: Think about how you plan to use your Ford Ranger. If it’s primarily for daily commuting and some light work, a base model might suffice. However, if you need a vehicle with more power or technology to assist you, upgrading to available features or higher models might be what you need.
Research Different Model Years: Compare depreciation rates, maintenance costs, and Ford Ranger resale values for different model years. This will help you find the best value for your money.
Test-Drive Different Trims: Take various trim levels for a test drive to see which one best suits your needs and preferences.
Consider Ford Blue Advantage Options: If you’re looking for a used Ford Ranger, consider Ford Blue Advantage certified pre-owned options. These vehicles have been thoroughly inspected across numerous categories by professionals, offering added peace of mind.
Five Years of Ownership: The Costs Involved
The Ford Ranger’s estimated five-year cost is between $51,000 and $58,000. This includes the Ford Ranger’s depreciation, taxes, fees, financing, and insurance. Comparing its costs with other trucks over five years can provide a broader market context, especially if you’re wondering if the Ford Ranger will hold its value.
The Cost of Insurance & Maintenance
Insurance for a Ford Ranger costs around $5,000-16,000 for five years. This varies based on trim level, options, and driving history. Shop around for the best rates and consider bundling policies. If you’d like to stick to branded coverage, Ford offers Ford Insure for all your needs.
In five years of ownership, maintenance costs for the Ford Ranger can range from $3,000-5,000, but repair costs can fluctuate depending on the vehicle’s age, mileage, and specific issues. If you consider extended warranties, they’ll help protect you from unexpected repairs. Additionally, researching the reliability and durability of the Ford Ranger can help you anticipate potential long-term costs.
Extra Protection: Warranty & Extended Warranty
Ford offers a 3-year/36,000-mile basic warranty and a 5-year/60,000-mile powertrain warranty. This coverage can reduce the overall cost of ownership. If you’re concerned about future maintenance costs, consider Ford Protect, an extended warranty program with packages that are tailored specifically to your needs with plans that cover theft, dents, tires, vehicle components, and so much more.
Own Your Ford Ranger Today
The Ford Ranger is the preferred option for those wanting a blend of comfort, technology, and performance. When you’re looking to buy one of these efficient midsize trucks, consider maintenance costs, insurance expenses, and overall value to ensure you’re making the best choice for you. By researching these, as well as the Ford Ranger’s features, trim levels, and depreciation rate, you’re guaranteed to find your perfect match. That being said, the overall cost of owning this ride after five years is around $51,000-58,000. If you’re prepared for the cost of owning a Ford Ranger, visit Crossroads Ford of Lumberton for a test drive today!
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