New Ford Ranger for Sale nearNew Waterford, NS

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 $38,107 CAD, and its nationwide average price reached a low of $36,362 CAD over the past year.

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 earns a strong all-generations owner rating, and shoppers consistently respond well to its capability and everyday usefulness.

The all-generations owner rating is 4.31/5 across every model year in the data.

Owners repeatedly praise the Ranger for its strong performance, towing ability, fuel economy, and comfortable ride. Spacious interiors and versatile day-to-day usability also come up often, especially from buyers who want a truck that works for both commuting and weekend projects.

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 responsiveness, and the way safety equipment is packaged on lower trims.

28.8% of listings are priced as good or great deals.

Are Ford Ranger models reliable?

Owners and experts consistently point to the Ranger’s strong capability, useful performance, and practical nature. Across the model years in the data, it also earns solid owner feedback for being a versatile truck that fits both work and everyday driving.

• 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 most manageable when you choose a well-kept example with a clear service history and inspect it 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 with standard 4WD and gives you the Ranger’s core capability at the lowest price point.
• XLT: This is the best-value trim for many shoppers because it adds the standard driver-assistance suite, the 10-inch portrait touchscreen, and a more complete everyday feature set.
• Lariat: This trim adds 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: This is the performance-focused trim, with the twin-turbo 3.0-litre V6, 2.5-inch Fox shocks, 27-centimetre ground clearance, front and rear locking differentials, and the most serious off-road hardware in the range.

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 broader mix of prices, equipment, and availability. That usually makes it easier to compare listings and find a truck that fits your budget and feature priorities.

What is the Ford Ranger's resale value?

Most Ranger model years have moved lower over the past year, which creates better opportunities for used buyers. The biggest drops are concentrated in the older and mid-cycle years, while the newest models have also softened but by a smaller amount. That pattern gives you more room to shop for value across several generations.

The 2023, 2024, and 2019 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 standard forward and reverse emergency braking, auto high beams, blind-spot monitoring with trailer coverage, front cross-traffic braking, and evasive steering assist on XLT and above trims.

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 −7.67%.
• Deal availability: The 2024 model has 29.2% good and great deals, and the 2023 model has 29.6%.
• Sweet-spot year: The 2020 model has the most listings at a current average price of $30,555 CAD. The Ford Ranger offers strong towing ability, useful everyday versatility, and a comfortable ride that suits both work and weekend use.

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 11.0 combined or 11.5 combined depending on engine choice.
• Tech: The latest Ranger brings a 10-inch portrait touchscreen on XL and XLT, a 12-inch screen on higher trims, Apple CarPlay, Android Auto, and available 360-degree cameras.
• 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.

These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.