2022 Ford Ranger Wins Five-Year Cost To Own Award For Midsize Trucks

2022 Ford Ranger Splash Package Limited Edition Forest Edition Exterior 001 Front Three Quarters
The 2022 Ford Ranger has joined the 2022 Ford Bronco by winning a Five-Year Cost to Own Award from Kelley Blue Book.

The Ford Ranger has racked up its fair share of accolades in recent months, including being named a better buy than the Chevy Colorado by Consumer Reports, earning a Vincentric 2022 Best CPO Value Award, ranking second in its segment in J.D. Power’s 2022 U.S. Vehicle Dependability Study (VDS), and earning a Top 10 Best Resale Value Award from Kelley Blue Book. Now, the 2022 Ford Ranger has joined the 2022 Ford Bronco by winning a Five-Year Cost to Own Award from KBB, too.

2022 Ford Ranger

The 2022 Ford Ranger finished with an estimated five-year ownership cost of $40,267, which is $3,321 less than the segment average – an impressive statistic, particularly in a time when people are keeping vehicles longer as prices reach historic levels. As KBB points out, many new vehicle shoppers don’t take the cost of ownership into account when purchasing a vehicle, which is a mistake given the fact that those costs can often offset or exceed upfront savings at the time of purchase.

When calculating its five-year cost to own figures, KBB takes into account a number of expenses including deprecation (which is calculated using the organization’s residual values), expected fuel costs, insurance, financing fees obtained through third-party providers, maintenance and repair costs, and state fees, giving shoppers a broader view of what to expect to shell out over five years of ownership.

2022 Ford Ranger

“Shoppers can save hundreds, if not thousands, of dollars over time when they choose to buy a vehicle with low ownership costs,” said Janice Yoell, senior manager of valuations for Kelley Blue Book. “Taking the time to research what it will cost to own a new car can help savvy buyers keep more money in their pockets in the long run.”

Source: Ford Authority



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