Used Ford Ranger for Sale nearPort Elgin, 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 $37,180 CAD, and its lowest point over the past year was $36,372 CAD. Recently, prices have come down for the 2022, 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 is a strong used-truck choice if you want capability, practicality, and broad appeal across generations. The all-generations owner rating is 4.31/5 across every model year in the data.

Owners consistently praise its strong performance, towing ability, and fuel economy, and many also like its spacious interiors and comfort. Across the newer model years, the Ranger also stands out for its quiet cabin, great handling, and multiple powertrain choices.

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

The main trade-offs are the interior materials, which can feel cheap in some years, the slower touchscreen response in the newest model, and the fact that advanced safety features are not standard on every trim. Even so, the Ranger remains appealing if you want a midsize pickup with real utility and a strong reputation.

30.5% of listings are priced as good or great deals.

Are Ford Ranger models reliable?

Owners and experts consistently describe the Ford Ranger as a durable, capable truck with strong towing, useful payload, and a straightforward mechanical character. Across the model years, it also earns praise for practical everyday usability and solid fuel economy for a pickup.

• Owners rate the Ford Ranger between 4.0 and 5.0 out of 5 stars across all model years in the data.

For used buyers, long-term ownership risk is generally manageable, but older examples deserve a careful inspection for wear, prior use, and condition-specific issues.

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

Key things to evaluate:

• Safety package: Ford Co-Pilot 360 on 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.
• 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 equipment group content and unlocks more available driver-assistance and appearance upgrades.
• Lariat: The more upscale trim brings a wider 12.4-inch instrument panel, push-button start, automatic parking, Pro Trailer Backup Assist, a 10-speaker Bang & Olufsen stereo, and 360-degree cameras.
• Raptor: The performance and off-road flagship adds the twin-turbo 3.0-litre V6, 2.5-inch Fox shocks, 27-centimetre ground clearance, and front and rear locking differentials.

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, which makes it easier to compare trims, equipment, and prices. They also often represent the most familiar balance of capability, features, and value for used-truck buyers.

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 steepest drops are concentrated in the newer trucks, while the smaller declines suggest some years are softening more gradually than others. Overall, the table points to a market where shoppers can find meaningful value across several model years.

The 2023, 2020, and 2022 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 XLT and above trims have standard forward and reverse emergency braking, auto high beams, blind-spot monitoring with trailer coverage, front cross-traffic braking, and evasive steering assist.

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 −13.62% versus a year ago, and the 2023 model is at −6.13%.
• Deal availability: The 2024 model has 31.7% good and great deals, and the 2023 model has 36.5%.
• Sweet-spot year: The 2020 model has the most listings at a current average price of $30,540 CAD. The Ford Ranger offers strong towing, useful payload, and a quiet, comfortable cabin that make it easy to live with as a daily truck.

Consider waiting if:

• Powertrain/efficiency: The standard 2.3-litre turbo inline-four and 10-speed automatic make 270 horsepower and 310 pound-feet, while the optional 2.7-litre twin-turbo V6 makes 315 hp and 400 lb-ft.
• Tech: A 10-inch portrait touchscreen is standard on the XL and XLT in Canada, and a 12-inch screen comes on all other trims.
• Safety: The base XL trim does not come with any driver assists, but the XLT and above trims have standard forward and reverse emergency braking, auto high beams, blind-spot monitoring with trailer coverage, front cross-traffic braking, and evasive steering assist.
• Starting price: In Canada, the 2024 Ford Ranger starts at $44,165 for the XL with standard 4WD, including the $2,195 destination charge.

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.

These recommendations are based on CarGurus' proprietary market data from October 6, 2026, CarGurus experts' opinions, and generative AI.