The only thing better than a car is a pickup truck, because who doesn’t like being able to move around quickly and easily while carrying things? Trucks are one of the most commonly used vehicles and tools, but they have a problem: their price is shockingly high and keeps going up. The question is why they cost so much and if that money is well spent.
Here is a list of reasons why pickup trucks are so expensive, as well as whether or not they are a better investment of your time and money than cars. Trucks have a lot of great features that other cars don’t have, but it’s up to you to decide if those features are worth the money.
With any luck, the information here will help you decide if you should buy a truck or if you’d be better off sticking with an SUV. Think carefully before you decide!
1. High Demand
One of the main reasons why pickup trucks cost so much is that there are so many people who want them. Most trucks these days have new and better features, and they also look sporty and intimidating, so it makes sense that they are popular and therefore twice as wanted.
Because pickup trucks are so popular and in high demand, they are often thousands of dollars more expensive than other types of cars.
Whether or not this price is fair and worth it is mostly a matter of opinion, but the features that modern trucks have are nothing to scoff at. Prices have gone up just because so many people want trucks.
2. “Cheap” Gas
Those of you who own trucks are probably thinking, “What? Truck gas (or diesel) is not cheap at all!” This means that when gas prices are high, people tend to drive cars that get better gas mileage.
Then, when gas prices go back down, they go back to their gas-hungry cars because saving gas has become less important to them.
Even though gas prices are crazy high right now, they have been low for a few years, so it makes sense that trucks have become so popular, especially in the last few years.
This kind of popularity will be big no matter what the price of gas is, but low gas prices will make it even bigger.
3. Superior Handling and Capabilites
Off-roaders don’t like trucks just for no reason. They were made to not only stand up to the worst that nature and the elements could throw at them, but also to enjoy them.
Trucks can move quickly and easily through snow, mud, sand, dirt, gravel, rocks, and just about anything else. If you like to go off-roading a lot, you might not want to pass up a truck.
4. More Power
And as long as we’re talking about power, trucks have a lot of it. Some SUVs can easily haul and tow, but most compact cars and hatchbacks can’t.
Trucks have higher levels of torque and pulling power than any other vehicle.
People who like their cars to look sporty and people who like to go off-roading are both big fans of trucks. But it might be even more popular with people who tow trailers, carry camping gear, pull boats, campers, or anything else you can think of.
This is one of the main reasons why trucks are so popular and, as a result, cost so much.
5. Sedan-Like Upgrades: The New Family Car!
Trucks used to be bad for people with big families because the cabins were small, the front seats were small, and not all models had four doors.
Most trucks have new and better features that make the cabins and seats bigger and give them a lot more room. Some trucks have space in the back row for three car seats.
Also, trucks have started adding new entertainment and seating options that are good for families and make the ride more comfortable for everyone, including kids.
If you buy a brand-new model, you can change anything about it, but you’ll almost always have to pay top dollar for these features. You will have to pay for many of the interior features as well as the exterior features, which are already expensive.
6. New and Luxurious Features
This is probably the category that has the most to do with how much trucks cost. You used to be able to buy a truck with just wheels and seats.
No matter what kind of truck you buy today, you can choose from a huge list of new and fancy features.
Many new trucks have features like 10-speed electric shift, more and better horsepower, large towing capacities, leather and heated seats, bigger cabins, top-of-the-line sound systems, and so much more.
All of these features are pricey on their own, so when you add a few of them together, you’ll have to spend a lot of money. Of course, it’s up to you how many features you want, but it’s likely to be pretty pricey no matter what.
On top of all that, when it comes to materials, trucks are often at the front of automotive engineering.
Most of the time, the newest and best things are used to make trucks more efficient, stronger, lighter, and the best on the market. All of these things and more cost you a lot of money.
7. Higher Efficiency
Trucks are still some of the most gas-hungry vehicles on the planet, but they have come a long way in terms of both how well they perform and how efficiently they use gas.
Both the trucks’ overall performance and how well they use fuel have gotten a lot better. Most of them now have smaller engines that don’t lose any power.
If you care a lot about how much gas you use, you can find trucks that run on electricity. These will be horrifyingly expensive, but they will be better for your budget, so you won’t have to worry about that anymore.
Plus, electric trucks usually look pretty good and will get a lot of attention. As the technology for electric cars gets better, there will probably be more affordable options.
8. Long Loans
Trucks are more expensive, so loans will be longer. This means that people can pay for a truck over a longer period of time than for other types of cars.
Trucks are expensive because they are popular, and part of that popularity is because most dealers offer long loans.
Even though the prices may have gone up, most trucks come with loans that can be paid back over a longer period of time. When broken up into monthly payments, the huge price seems a lot more manageable. This leads to more truck sales.
Most truck owners will tell you that trucks are pricey for a good reason. Trucks have a long life no matter what brand they are.
They are made to last because they are built to be strong. Even though older trucks might need more repairs than newer ones, they can still easily pull trailers and campers.
Heavy-duty metals and other materials are used to make trucks. Trucks are made to last, especially since they are designed to carry big things and go on rough roads.
No one would buy a truck that got broken or dented when they took it off-roading or put something heavy in the bed.
Part of the reason why trucks are made of heavy materials is so that they can pull heavy things behind them. The trailer or towing hitch needs to be made of strong materials, and the parts it connects to also need to be strong and well-made. If it isn’t, it will break when something is attached, and people will stop buying trucks made by the same company.
The materials inside trucks are of good quality, which makes them more expensive. Most seats are made of leather or fake leather, which cost the company a lot of money. The company passes the cost of the materials on to the customers.
Many trucks now have infotainment screens or other touch screens that the driver and front passenger can use while driving. This kind of screen has to be strong so that it doesn’t break when the truck dips and turns or if something accidentally hits it.
Because the screen has to last a long time, and the materials that make it last a long time cost money, which is passed on to the customer.
11. Drivetrains Available
Trucks need to have both four-wheel drive and front-wheel or back-wheel drive. Both of these options cost a lot of money to make possible because they require materials.
But because trucks are so versatile and have both types of drives, people are willing to pay more for them than they would if they only had one type of drive. The people who make things know this, and they use it to their advantage.
People usually have to pay extra for 4-wheel drive on other types of cars, and people expect that they might not be able to buy a truck with 4-wheel drive.
Even though trucks are usually more expensive than other types of cars, this feature comes with most of them. This makes people feel like they are getting more for their money.
12. Sensors and Cameras
As standard safety features, most trucks now have sensors near the tow hitch and all around the rest of the truck. A backup camera is always helpful when parking and pulling out of a parking space.
But these tiny cameras cost a lot of money because they have to be strong so they don’t break when something small happens to them. Manufacturers pass the cost of the cameras on to customers, which makes trucks more expensive overall.
Frequently Asked Questions (FAQs)
Do Trucks Last Longer Than Cars?
Most of the time, trucks will last much longer than cars. This is mostly because of how well they are made, how they keep getting better, how they use the best materials, and how strong they are overall.
This is another reason why they are so popular and why they cost so much. If you buy a truck, you can use it as a family car, an off-roader, and a sporty car all in one. Know that if you go this route, you will get a car that will last for a long time, even though it will cost more.
Do Pickup Trucks Hold Their Value?
SUVs and pickup trucks are the two types of vehicles that will keep their value the best. Some of them can hold up to half of what they were worth at first.
This is another reason why buying a truck is a good investment. This means that even if you buy one used, it will still be expensive, but it is also likely to be just as reliable.
Are Pickup Trucks Overpriced?
This is a hard question to answer, especially given what has happened in the economy recently. This could be true for some brands.
Trucks have a lot of features, so the price can go up almost as much as the manufacturer wants.
Most trucks have fair prices for what they have to offer, but a few of the more basic ones might be asking a bit too much for what they have to offer.
Pickup trucks cost a lot of money because they have a lot of features and are made from expensive materials. When you’re looking to buy a truck, keep this in mind.