Used Ford Ranger for Sale near Iona Station, ON

How much does the Ford Ranger cost in today's market?

Used Ford Ranger prices span a wide range depending on model year. Here's what the market looks like right now:

The Ford Ranger's current nationwide average price is $37,085 CAD, and its lowest point over the past year was $36,242 CAD. Recently, prices have come down for the 2023 and 2024 models, making now a good time to shop recent model years.

Is the Ford Ranger a good car?

Yes — the Ford Ranger has a strong all-generations owner rating and broad appeal across its model years. The all-generations owner rating is 4.3/5 across every model year in the data.

Owners consistently praise its strong performance, towing capability, fuel economy, and spacious, comfortable cabin. Many also like its versatility for everyday driving and weekend use, along with the truck’s durable, work-ready character.

Expert reviews rate the 2020 and 2024 models among the highest across all years.

The main trade-offs across recent expert-tested years centre on interior materials, touchscreen response, and the way some safety equipment is packaged. Even so, the Ranger’s combination of capability, comfort, and usefulness keeps it appealing for used buyers.

30.9% of listings are priced as good or great deals.

Are Ford Ranger models reliable?

Owners and experts consistently describe the Ranger as a capable, versatile truck with strong performance, useful towing ability, and good everyday comfort. Across the model years in the data, it also earns praise for its spacious cabin and practical character.

• Owners rate the Ford Ranger between 4 and 5 out of 5 stars across all model years in the data.

For used buyers, long-term ownership risk is most manageable when you focus on well-kept examples with clear service history and careful inspection for age-related wear.

What should I look for when buying a used Ford Ranger?

Key things to evaluate:

• Safety package: Ford Co-Pilot 360 on the 2024 XLT and above, with forward and reverse emergency braking, auto high beams, blind-spot monitoring with trailer coverage, front cross-traffic braking, and evasive steering assist.
• Infotainment: A 10-inch portrait touchscreen on the XL and XLT in Canada, with a 12-inch screen on all other trims, plus Apple CarPlay and Android Auto.
• Fuel efficiency: Fuel economy is decent at a Natural Resources Canada-estimated 11.9 litres per 100 kilometres in the city, 9.8 on the highway, and 11.0 combined with the base four-cylinder and 12.6 L/100 km city, 10.2 highway, and 11.5 combined with the V6.

Which Ford Ranger trim should I buy?

The 2024 Ford Ranger offers these trims:

• XL: The entry trim starts with standard 4WD and gives you the Ranger’s core capability at the lowest price point.
• XLT: A strong value choice that adds the XLT High Equipment Group, Chrome Appearance Package, and FX4 Off-Road Package on the tested truck, plus standard driver-assistance features on this trim and above.
• Lariat: Adds a more upscale feel with push-button start, automatic parallel and perpendicular parking, Pro Trailer Backup Assist, a 12.4-inch instrument panel, a 10-speaker Bang & Olufsen stereo, and 360-degree cameras.
• Raptor: The performance-focused trim brings the twin-turbo 3.0-litre V6, 2.5-inch Fox shocks, 27-centimetre ground clearance, and front and rear locking differentials for serious off-road use.

What Ford Ranger do most buyers choose?

The Ford Ranger years with the most listings are 2020, 2021, and 2024.

These higher-volume years tend to draw more shoppers because they offer a wider selection of prices, trims, and equipment levels. More listings also make it easier to compare condition and find a truck that fits your budget.

What is the Ford Ranger's resale value?

Most Ranger model years are down year over year, which creates better opportunities for used buyers. The largest drops are concentrated in the older and mid-cycle trucks, while the newest model year is still edging up. That pattern suggests the Ranger remains in demand, but recent used examples are becoming more approachable.

The 2025, 2023, and 2024 model years have held their value best, with the smallest year-over-year price changes.

Is the Ford Ranger safe?

• 2024: 6/10
• 2020: 7/10
• 2019: 5/10

The 2024 Ranger has Ford Co-Pilot 360 on the XLT and above trims, with forward and reverse emergency braking, blind-spot monitoring with trailer coverage, front cross-traffic braking, evasive steering assist, and more.

For the safest used buy, the 2020 model posts the highest confirmed score of 7/10.

Should I buy a used Ford Ranger now or wait for the next model?

Buy now if:

• Price trend: The 2024 model is at −8.01% versus a year ago, and the 2023 model is at −4.66%.
• Deal availability: The 2024 model has 27% good and great deals, and the 2023 model has 29.1%.
• Sweet-spot year: The 2020 model has the most listings at a current average price of $29,813 CAD. The Ford Ranger offers a strong mix of capability, comfort, and everyday usefulness that makes it easy to live with as a used truck.

Consider waiting if:

• Powertrain/efficiency: The latest Ranger offers a standard 2.3-litre turbo inline-four with 270 horsepower and 310 pound-feet, an optional 2.7-litre twin-turbo V6 with 315 hp and 400 lb-ft, and fuel economy of 11.9 litres per 100 kilometres in the city, 9.8 on the highway, and 11.0 combined with the base four-cylinder.
• Tech: The latest Ranger brings a 10-inch portrait touchscreen on the XL and XLT in Canada, a 12-inch screen on all other trims, Apple CarPlay, Android Auto, and a 12.4-inch instrument panel on Lariat.
• Safety: The latest Ranger adds standard forward and reverse emergency braking, blind-spot monitoring with trailer coverage, front cross-traffic braking, and evasive steering assist on XLT and above.
• Starting price: The 2024 Ford Ranger starts at $44,165 CAD for the XL with standard 4WD, including destination.

If you're buying used today, the 2020 model year offers the best mix of value and availability. If you want the latest tech and features, it may be worth waiting for the next model year's inventory to build up.

How does the 2020 Ford Ranger compare to the 2020 Chevrolet Colorado?

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from November 3, 2026, CarGurus experts' opinions, and generative AI.