How Much Does a New Pickup Truck Cost?

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  • Post last modified:October 16, 2020

So, just how much is everyone paying for those new pickup trucks you see rolling around town these days? If you are in the market for a new truck, it’s a good idea to find out what you can expect to pay. To that end, we have gathered prices for all 2020 pickup truck models, including the starting prices for each trim level.

As you can imagine, prices are much higher than they used to be, especially for the top-end models. Of course, safety tech, tow ratings, and engine power and efficiency have all skyrocketed as well. As you will see, the price for all of these advancements is passed on to the consumers.

Here are the full-size pickup truck price ranges for all 2020 models

How Much Does a New Pickup Truck Cost?Ford F150: $28,745 to $53,455

Ford F250: $33,705 to $83,600

Ford F350: $35,220 to $84,775

Ford F450: $49,800 to $90,530

Chevy Silverado 1500: $39,135 to $60,590

Chevy Silverado 2500HD: $42,695 to $72,445

Chevy Silverado 3500HD: $44,095 to $73,845

GMC Sierra 1500: $30,160 to $55,090

GMC Sierra 2500HD: $44,395to $75,045

GMC Sierra 3500HD: $45,595 to $76,245

Ram 1500: $32,145 to $53,440

Ram 2500: $33,745 to $61,650

Ram 3500:  $35,195 to $63,000

Toyota Tundra: $33,575 to $48,655

Nissan Titan: $41,990 to $58,690

Nissan Titan XD: $44,580 to $61,690

And here are the midsize pickup truck price ranges for all 2020 models:

Ford Ranger: $25,355 to $33,445

Chevrolet Colorado: $32,795 to $47,595

GMC Canyon: $37,195 to $48,825

Toyota Tacoma: $26,050 to $43,960

Nissan Frontier: $19,090 to $33,530

Honda Ridgeline: $33,900to $34,520

But wait, there’s more. Sure, this list gives you a vague idea of what you can expect dealerships to charge, those are some mighty big ranges, especially for the full-size trucks. To break it down further, let’s now see the starting price for every trim level on these trucks, from the bases to the Platinums (and Denalis).

Now it’s time we take our deep dive. While it would take way too much time to break down each variation within each trim, we will provide you with the starting prices for each model’s trims.

Just keep in mind that there are usually multiple optional add-ons such as cab style, bed length, engine displacement, and 4WD that can drive the price up even more.

Full-Size Pickup Trucks Price Ranges

First, let’s examine those ever-popular, do-it-all models: the full-size trucks. This includes both half-ton, 3/4-ton, and 1-ton models. Because of their immense popularity, automakers love to give the people what they want. So, most come with a vast array of trim levels, engines, and everything else as options.

And those upper-level trims will include a bunch of extras compared to the base models. We are talking about more than leather and a sunroof, too. For example, most include things such as a crew cab, 4WD, and an optional engine.

So, just keep that in mind when you are perusing the prices. If you option a base model with those types of upgrades, the resulting price will be much closer to that of the top-tier trims than the price shown here for the lowest-grade base model.

One more note before we get into the pricing. This list shows the manufacturer’s suggested retail price (MSRP), which is not necessarily what you can expect to pay at your local dealer. Some may come in slightly higher and some dealers can offer up to several thousands of dollars off of the MSRP. It all depends on the market demand for each model as well as each manufacturer’s business practices.

Ford F-Series

Unlike other manufacturers, Ford sells a model above their 1-ton F350. Not surprisingly, then, the F450 takes the honor of having the highest price of any vehicle on this list.

For those needing a more utilitarian truck, however, there are deals to be had with several options below the $40,000 mark, including the F150 XL, which is actually the cheapest half-ton available. And, while it might be hard to find one that cheap, the F150 Raptor’s entry price of around $53,000 is an absolute steal when you consider all of the off-road tech and the high-output Ecoboost engine it offers.

F150

Variant 2020 Price 2019 Price
XL $28,745 $28,155
XLT  $34,760 $34,160
Lariat $42,750 $41,700
King Ranch $52,990 $52,390
Platinum $55,520 $52,855
Limited $67,735 $54,920
Raptor $53,455 $67,135

 

F250

Variant 2020 Price 2019 Price
XL $33,705 $33,150
XLT  $38,485 $37,365
Lariat $46,600 $46,140
King Ranch $59,000 $56,910
Platinum $65,865 $63,335
Limited $83,600 $80,240

 

F350

Variant 2020 Price 2019 Price
XL $35,220 $34,320
XLT  $40,010 $38,545
Lariat $48,120 $47,310
King Ranch $60,520 $58,085
Platinum $65,905 $63,000
Limited $84,775 $81,415

 

F450

Variant 2020 Price 2019 Price
XL $49,880 $47,375
XLT  $55,655 $52,255
Lariat $66,650 $63,905
King Ranch $76,715 $72,340
Platinum $80,425 $75,585
Limited $90,530 $86,505

 

Chevrolet Silverado

Compared to other brands like Ford and Ram, Chevrolet stays away from flashy, ultra-expensive models. Chevy and GMC are notable for not offering any trims above the $60,000 mark.

Does that mean the High Country 3500HD is an uncomfortable penalty box? No way – it simply doesn’t offer the insane luxury amenities or price tag of some of the other trucks here.

Coming to the lower end of the spectrum, Chevy can’t quite match the lowest prices from Ford, but don’t be surprised if you are able to find some great discounts on those prices if you are shopping at the right time of the year.

Silverado 1500

2020 Prices

Variant 2.7L Turbo Engine 4.3L EcoTec3 V6  5.3L EcoTec3 V8  6.2L EcoTec3 V8  3.0L Duramax 
Work Truck $39,135 $39,495 $40,890 N/A N/A
Custom $41,315 $41,895 $43,290 N/A N/A
LT $44,195 N/A $45,590 N/A $50,900
RST  $46,095 N/A $47,490 $48,985 $52,655
Custom Trail Boss $43,495 N/A $44,890 $46,365 N/A
LTZ $50,295 N/A N/A $52,790 $52,790
LT Trail Boss N/A N/A $50,095 $52,590 N/A
High Country N/A N/A $58,095 $60,590 $60,590

2019 Prices

Variant 2019 Prices
Work Truck $32,200
Custom $34,600
LT $36,900
RST  $38,800
Custom Trail Boss $39,500
LTZ $43,000
LT Trail Boss $48,300
High Country $53,000

 

Silverado 2500HD

2020 Prices

Variant 6.6L V8 Direct Injection
VVTi Gas Engine
6.6: Duramax Turbo
Diesel V8 Engine
Work Truck $42,695 $52,860
Custom $45,195 N/A
LT $46,195 $56,085
LTZ $54,895 $64,785
High Country $62,695 $72,445

2019 Prices

Variant 2019 Prices
Work Truck $37,600
LT High Country $42,500
LTZ $49,500
High Country $55,900

 

Silverado 3500HD

2020 Prices

Variant 6.6L V8 Direct injection
VVTi Gas Engine
6.6: Duramax Turbo-Diesel V8 Engine
Work Truck $44,095 $54,260
LT $47,595 $57,485
LTZ $56,295 $66,185
High Country $54,095 $73,845

2019 Prices

Variant 2019 Prices
Work Truck $41,595
LT $46,695
LTZ $51,795
High Country $57,295

GMC Sierra

As you can see, GMC follows the same basic recipe with their Sierra that Chevrolet does with the Silverado. That’s because these trucks are nearly identical, apart from some slight variations in trim levels. Still, even the glitzy Denali trucks can’t come close to the $80,000 MSRP we see on some of those Fords.

Sierra 1500

2020 Prices

Variant 2.7L Turbo engine 4.3L EcoTec3 V6  5.3L Ecotec V8 6.2L Ecotec3 V8 3.0L Duramax
Sierra $30,160 $38,395 $39,790 N/A N/A
SLE $42,695 N/A $44,090 N/A $49,070
Elevation $45,195 N/A $46,590 N/A $54,260
SLT N/A N/A $49,395 $51,890 $51,890
AT4 N/A N/A $52,595 $55,090 $55,090

2019 Prices

Variant 2019 Prices
Sierra $29,600
SLE $37,800
Elevation $40,300
SLT $44,300
AT4 $50,800
Denali $54,700

 

Sierra 2500

2020 Prices

Variant 6.6L V8 Direct Injection VVTi
Gas engine
6.6L Duramax Turbo-Diesel V8 engine
10 Speed AT
6.6L Duramax Turbo-Diesel V8
10 Speed AT Power Take-Off
Sierra $44,395 $54,560 $55,780
SLE $48,195 $58,085 $59,080
SLT $56,795 N/A $66,685
AT4 $59,295 N/A $69,185
Denali $65,295 N/A $75,045

2019 Prices

Variant 2019 Prices
Sierra $29,600
SLE $43,600
SLT $50,500
Denali $56,600

 

Sierra 3500

2020 Prices

Variant 6.6L V8 Direct Injection VVTi
Gas engine
6.6L Duramax Turbo-Diesel V8 engine
10 Speed AT
6.6L Duramax Turbo-Diesel V8
10 Speed AT Power Take-Off
Sierra $45,595 $55,760 $55,780
SLE $49,395 $59,285 $59,080
SLT $57,995 $67,885 $66,685
AT4 $60,495 $70,385 $69,185
Denali $66,495 $76,245 $75,045

2019 Prices

Variant 2019 Prices
Sierra $40,800
SLE $46,500
SLT $51,600
Denali $56,600

 

Ram Trucks

Ram has been making headlines with their new lineup. From the luxurious 1500 Limited to the heavy-duty trucks offering an unprecedented 1,000 ft-lbs of torque, they seem to be hitting it out of the park. Don’t expect the competition to rest of their laurels, however.

Pricing-wise, Ram seems to have struck a balance between the insanely expensive Fords and the more budget-friendly GM trucks. The heavy-duty Tradesman models are downright cheap, sitting in the mid-$30,000 range, while the top-end Limited models stay well under the $70,000 ceiling.

1500

Variant 2020 Price 2019 Price
Tradesman $32,145 $33,190
Big Horn $36,540 $36,240
Lone Star N/A $36,240
Laramie $44,490 $40,040
Rebel $44,240 $44,240
Laramie Longhorn $51,390 $50,740
Limited $53,440 $53,440

 

2500

Variant 2020 Price 2019 Price
Tradesman $33,745 $33,395
SLT N/A $37,745
Lone Star N/A $37,745
Big Horn $37,995 $37,745
Laramie $49,450 $49,200
Power Wagon $53,450 N/A
Laramie Longhorn $56.850 $56,500
Limited $61,650 $64,940

 

3500

Variant 2020 Price 2019 Price
Tradesman $35,195 $34,845
Big Horn $39,445 $39,195
Lone Star N/A $39,195
Laramie $50,800 $50,550
Laramie Longhorn $58,200 $57,850
Limited $63,000 $66,290

 

Toyota Tundra Pricing

Toyota’s Tundra has been on the market without a major redesign since 2007. That means it can’t match the high-tech options from most other brands here. Of course, Toyota sells vehicles based on their amazing reliability, not its cutting-edge technology. And sales have remained strong, even though there are relatively few trims to choose from.

When it comes to pricing, the Tundra stays competitive through the low- and mid-range but doesn’t compete with those top-level Ram and Ford Limited models. I guess it really shouldn’t be a surprise that those shoppers looking for reliability also don’t want to spend oodles of cash on fancy trim levels.

Variant 2020 Price 2019 Price
SR $33,575 $31,670
SR5 $33,245 $33,470
Limited $42,270 $40,935
Platinum $48,775 $47,630
1794 Edition  $48,775 $47,630
TRD Pro $48,655 $49,895

 

Nissan Titan

With the Titan and Titan XD, Nissan offers a unique mixture of trucks. The regular Titan competes directly with the other half-ton trucks like the F150 and Silverado.

Meanwhile, the XD strikes a balance somewhere between the half-ton and 3/4-ton categories. And the pricing somewhat reflects that, with a low $33,000 price of entry. Go all the way up to the Platinum Reserve Diesel model, however, and the Titan XD costs just as much as most other heavy-duty trucks.

Titan

Variant 2020 Price 2019 Price
S $33,575 $30,690
SV $33,245 $34,320
Pro-4x $42,270 $44,880
SL $48,775 $48,740
Platinum Reserve   $48,775 $54,630

 

Titan XD

Variant 2020 Price 2019 Price
S $44,580 $32,990
SV $48,290 $37,090
S Diesel N/A $38,620
SV Diesel N/A $43,230
Pro-4X $53,980 $47,210
Pro-4X Diesel N/A $52,340
SL $58,490 $54,200
SL Diesel N/A $59,530
Platinum Reserve $61,690 $60,080
Platinum Reserve Diesel N/A $65,410

 

Midsize Pickup Trucks

Ford Ranger

Ford’s new Ranger currently only offers three trim levels. The base-level XL costs just $24,300, although that is considerably more than the entry-level trucks from GM and Nissan. Ford is expected to introduce more trim levels, including an offroad Raptor version, in the near future. Meanwhile, those looking for the ultimate Ranger must make do with the $32,000 Lariat.

Variant 2020 Price 2019 Price
XL $25,355 $24,300
LT $29,405 $27,940
Lariat $33,445 $38,210

 

Chevrolet Colorado

Because it’s been around for much longer than the Ford, Chevrolet’s Colorado features 5 trim levels. And they seem to have their bases covered, with their midsize trucks ranging from $21,000 all the way to $41,000 for the offroad ZR2 performance version. That’s quite a bit of cash, especially when you realize that the Silverado Custom Trail Boss actually costs less!

Variant 2020 Price 2019 Price
WT $32,795 $24,800
LT $41,175 $27,600
Z71 $42,175 $30,700
ZR2 $47,595 $41,300

 

GMC Canyon

GMC takes a slightly different approach than its corporate sibling when it comes to the midsize segment. Sure, they have the basic, low-level trucks, but at the top end, the focus is more on luxury than offroad readiness. The All Terrain slots in below the Colorado ZR2, while the Canyon Denali takes up the top spot on the price list. The Denali offers the same Duramax diesel engine capable of up to 30 mpg, but the focus is on coddling, not desert running.

2020 Prices

Variant 2.5L Cylinder engine 3.6L V6 Engine
8 Speed AT
2.8L Duramax Turbo-Diesel
6 Speed AT
SLE $37,195 N/A $42,440
All-Terrain – Cloth  $38,995 N/A $42,975
All-Terrain – Leather-appointed  $40,395 N/A $44,375
SLT N/A $36,995 $44,870
Denali N/A $45,095 $48,825
Canyon $28,695 $30,180 N/A

 

2019 Prices

Variant 2019 Price
SL $22,200
Base $25,700
SLE $29,000
SLT $35,800
All-terrain  $36,500
Denali $40,400

 

Toyota Tacoma

While its Tundra is aging and lagging far behind the American competition, Toyota has the midsize segment in its clutches. For now, at least.

And with plenty of trims available that include 3 separate TRD (Toyota Racing Development) models, it’s easy to see why they are so popular. Plus, Toyota has its famous reliability to bank on. And that’s especially important when most competitors in this segment are fairly new, untested models.

Variant 2020 Price 2019 Price
SR $26,050 $25,700
SR5 $27,825 $27,475
TRD Sport  $32,745 $32,395
TRD Off-Road  $34,000 $33,650
Limited  $38,790 $37,640
TRD Pro  $43,960 $42,810

 

Nissan Frontier

Ah, the trusty old Frontier. These trucks have been around forever, but luckily, Nissan seems to realize that. If they aren’t going to update it, at least they price it nice and low. In fact, the Frontier S is the only truck in the whole country that’s offered below $20,000. And even the offroad-ready Pro-4X model costs nearly $10,000 less than the Tacoma TRD Pro or Chevy Colorado ZR2. These aren’t the flashiest trucks, but they can still get the job done.

Variant 2020 Price
S $19,090
SV $23,960
Desert Runner  $26,400
Pro-4X $33,530

 

Honda Ridgeline

Honda sells its Ridgeline within the midsize truck market, but it is the only vehicle in its class that comes with car bones. That’s right, the Honda Ridgeline rides on a crossover-style unibody chassis rather than the traditional ladder frames used by all other trucks on this list.

That means it rides like a dream, but can’t tow or haul like most other pickups on the market. And it’s not exactly cheap, with the lowest-price RT costing nearly $30,000. But if you only need light hauling and towing capabilities, the Ridgeline is an attractive proposition because of its civility.

Variant 2020 Price 2019 Price
RT N/A $29,990
Sport $33,900 $33,390
RTL  $36,670 $34,870
RTL-T N/A $37,000
RTL-E $42,020 $41,920
Black Edition  $43,520 $43,420

 

What is the Cheapest New Pickup Truck?

Say you want a brand new pickup, and that’s pretty much where your requirements end. You don’t need to tow 15,000 pounds or haul 4,000 in the bed. You don’t care about having the newest redesign or the most powerful engine. You simply need a vehicle with a warranty and a bed and a low price.

For you, there is the 2019 Nissan Frontier S. At $19,090 brand new, this is the cheapest new truck on the market. The S offers a small, 152-horsepower 2.5-liter 4-cylinder engine, and, surprisingly, an extended cab configuration instead of a single-cab. It also offers rear-wheel drive and 5-speed manual transmission, so most of us Americans will need to brush up on our shifting skills.

Of course, the Frontier is also the oldest pickup in the country. While the Tundra has been on the market for 12 years since its last complete redesign, the Frontier can’t be beaten at 15 years since its last overhaul. Still, because of the small engine and lack of 4WD, the cheapest Frontier S offers a respectable 21 mpg combined fuel economy rating.

Wondering what’s the upper limit on that price range?

Check out our post about the most expensive pickup truck to see what luxury models can cost.

Find that Deal!

If you are like most people, you are probably after a great deal on your next pickup truck purchase. That usually means lots of online research and haggling at the dealership. I hope this list helps you decide what price you are willing to accept for your next truck. And, no matter what, good luck with your truck-buying experience!

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