Buying a pickup truck: How to choose Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our aim is to assist you make better financial decisions by providing you with interactive tools and financial calculators that provide original and objective content. We also allow users to conduct research and analyze information for free and help you make financial decisions with confidence. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Profit The deals that are advertised on this site are from companies that compensate us. This compensation could affect how and where products appear on the site, such as such things as the sequence in which they appear within the listing categories in the event that they are not permitted by law for our mortgage and home equity products, as well as other products for home loans. But this compensation does not influence the information we publish, or the reviews that appear on this website. We do not include the entire universe of businesses or financial deals that might be accessible to you. AleksandarNakic/Getty Images
4 min read Published 20th April, 2022
Kellye Guinan Kellye Guinan Written by Personal and business finance contributor Kellye Guinan is an editor and writer on a freelance basis with over five years of experience in personal financial planning. She is also an employee full-time at her local library, where she assists the community to access information about financial literacy, as well as other subjects. Edited by Rhys Subitch Edited by Auto loans editor Rhys has been writing and editing for Bankrate since late 2021. They are committed to helping readers to control their finances through providing detailed, well-researched, and well-written information that breaks down complex topics into manageable bites. The Bankrate promise
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We receive compensation for the placement of sponsored products and, services, or when you click on certain links posted on our site. This compensation could influence the manner, place and when products are displayed within the listing categories, unless prohibited by law for our mortgage, home equity and other products for home loans. Other elements, like our own rules for our website and whether a product is available in your region or within your personal credit score may also influence how and when products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every credit or financial item or product. Trucks are a complex thing. There are a myriad of options, and the type and strength you require will be contingent on the way you intend to utilize your truck. Learn about the typical features such as powertrain and axles, the cab’s size and towing capacity prior to . Selecting a pickup is a process of investigation but being prepared will make it easier to make an informed choice that will suit your needs and finances. How much horsepower do you need? A vehicle with more horsepower, towing capacity and torque will cost more. It’s not all about price obviously, but you must think about whether you really require an extremely powerful engine before you spend thousands of dollars on it. A diesel engine is a great option, and offers greater power will also be costly. The V6 and V8 engines is the most common and have more power, however, there are four-cylinder engines that can be used for lighter loads. If you’re planning to haul the most weight for groceries, consider an engine that is smaller and offers an automatic gas engine that has good fuel efficiency. Less power may work better for you and your budget. How much are you hauling? A mid-sized truck is the ideal choice if plan on hauling trailers or big boats. They’re more affordable and offer better performance over their larger counterparts. Midsize trucks are suited for lighter loads rather than towing. Because of their smaller weight, you’ll also pay lesser for gas. If you’ve got an item to haul, opt for a large-sized truck. There are heavy-duty and light duty options for virtually all full-size models available. Naturally, trucks designed for light-duty can carry less — but again they are more efficiency in terms of fuel consumption due to their smaller weights. And remember: Towing capacity and payload capacity are two different things. Towing is how much your truck can haul behind it. Payload is the amount that it can accommodate in the bed. Even if you aren’t planning to mount a strong-duty horse trailer to the back of your truck, make sure its payload meets your requirements. Do you need two- or four-wheel drive? A truck with two-wheel drive will be more affordable and provide . You’ll be able to select either front- or rear-wheel drive. Whichever one you pick, it’s best suited to be used on roads. A truck with four-wheel drive is more suited to going off road and icy or slippery conditions, like at a boat ramp. You get better grip, but it isn’t as efficient when it comes to fuel. How much cab space do you need? The cab space is one of the primary aspects for truck drivers who are not experienced. For the majority of drivers the time, a cab with a crew will provide the most value even though it will mean spending more money. Single Cab is the classic two-door look. They usually only accommodate three persons, but they do often allow for larger beds. Extended Extended cabs basically are an cab and a half. They have two doors as well as a small amount of legroom in the rear seat however, it’s a great alternative to one-cab and the crew cab choices. Crew Crew cabs are a one with four doors that resembles an SUV or sedan. The size of a crew Cab is different by model and trim and are the best choice if you have backseat passengers on a regular basis. Options for fuel You’re not limited to just diesel or gas. Companies like Ford are committed to offering additional options in the near future. But these are still relatively new and could restrict your towing or payload capacity. Between gas and diesel, diesel engines are more efficient in terms of fuel consumption. They also provide greater power to trucks that are in use. However, they’re more expensive to buy and to fuel. For people who don’t drive often, a gas engine may be the better choice. They are more versatile and are less expensive than diesel or electric engines. You’re more likely to find them on the , too. A short or long bed? It is likely that the longer your bed, the smaller the cabin. So, if a crew cab is required, you will likely be forced to use a smaller bed. If you want that longer bed, you may be forced to choose an extended or single cabin. One thing you should consider is the frequency at which you’ll be putting things in the bed. If your truck is mostly for looks — and there’s nothing wrong with that — a shorter bed will be easier to move around and park. It’s likely to also provide more than enough space to haul something larger. Are you buying new or used? New trucks offer you the chance to be specific about every aspect of your ride inside and out. It’s definitely a big investmentnew vehicles can be expensive however when you’ve got a particular design, technology or other features in mind, new is the way to go. Conversely, a used truck is a cheaper option. You might not be able to get the exact truck that you desire, but you will be able to avoid the depreciation. If you’re looking for something functional There are many older models on the market that are cheap and durable. It depends entirely on your needs and budget. A brand new vehicle is expensive, but it could be more fuel efficient or feature more advanced technology. An older model truck might be less efficient in fuel however the lower cost can make it more affordable to drive. Manual or automatic? This is more of a personal choice. There’s not much cost difference between these two options, however certain trucks might come with one or the other. For urban or suburban drivers, automatic offers an easier ride. However, if you require more control when off-roading, a manual transmission might suit you better. Next steps Once you have looked at the main advantages of owning a truck, look into the specific models and trims. This will give you a good idea of the budget you’ll be considering. If you are aware of this, you’ll be able to get you in the cab at a reasonable interest rate.
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Written by personal and business financial contributor Kellye Guinan is a freelance editor and writer with over five years ‘ experience within personal financial. She is also a full-time worker at her local library where she helps people in her community get information about financial literacy, in addition to other topics. Edited by Rhys Subitch Edited by Auto loans editor Rhys has been writing and editing for Bankrate since the end of 2021. They are passionate about helping readers gain confidence to take control of their finances with concise, well-researched and well-organized information that breaks down complicated topics into digestible pieces.
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