New Ford Ranger for Sale near Caistor Centre, 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 $37,374 CAD, and its nationwide average price reached a low of $36,152 CAD over the past year.

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 is a strong used pickup choice if you want a truck with broad appeal across multiple model years.

The all-generations owner rating is 4.3/5 across every model year in the data.

Owners consistently praise the Ranger for its strong performance, towing capability, and fuel economy. Many also highlight its spacious interiors and comfortable ride, which help it work well for both daily driving and weekend use.

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 on lower trims.

31.4% 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 towing ability, good fuel economy, and a comfortable driving experience. Across the model years, it also earns praise for its practical cabin space and everyday usefulness.

• 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 later model years and inspect older trucks carefully for age-related wear.

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

Key things to evaluate:

• 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 the lineup with standard 4WD and is the value-focused choice if you want the Ranger’s capability at the lowest price.
• XLT: This trim adds the driver-assistance suite with forward and reverse emergency braking, blind-spot monitoring with trailer coverage, front cross-traffic braking, and evasive steering assist, making it the best-value pick for many shoppers.
• Lariat: This trim adds a push-button start, a wider 12.4-inch instrument panel, automatic parallel and perpendicular parking, Pro Trailer Backup Assist, a 10-speaker Bang & Olufsen stereo, and 360-degree cameras.
• Raptor: This trim adds the twin-turbo 3.0-litre V6, 2.5-inch Fox shocks, 27-centimetre ground clearance, and front and rear locking differentials for buyers who want the most serious off-road hardware.

What Ford Ranger do most buyers choose?

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

Higher-listing years usually draw more shoppers because they offer more choice, more price spread, and a better chance of finding the right trim and condition. They also tend to be the easiest years to compare side by side when you are shopping used.

What is the Ford Ranger's resale value?

Most Ranger model years are down year over year, which is good news if you are shopping used and want more truck for your money. The newer models show smaller declines, while the newest year in the table is still edging upward. Overall, the pattern favours buyers looking for value in recent used examples.

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 includes Ford Co-Pilot 360 on XLT and higher trims, with forward and reverse emergency braking, 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 −8.22% versus a year ago, and the 2023 model is at −4.65%.
• Deal availability: The 2024 model has 28.1% good and great deals, and the 2023 model has 32.8%.
• Sweet-spot year: The 2020 model has the most listings at a current average price of $29,794 CAD. The Ford Ranger offers a strong mix of towing ability, everyday usability, and comfortable driving manners.

Consider waiting if:

• Powertrain/efficiency: The latest Ranger offers a 2.3-litre turbo inline-four with 270 horsepower and 310 pound-feet, a 2.7-litre twin-turbo V6 with 315 hp and 400 lb-ft, and a twin-turbo 3.0-litre V6 with 405 hp and 430 lb-ft.
• Tech: The latest Ranger brings a 10-inch portrait touchscreen on XL and XLT in Canada, a 12-inch screen on 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: In Canada, 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 4, 2026, CarGurus experts' opinions, and generative AI.