Trucks are the perfect vehicles for those that need to bring people and things along wherever they go.
Pickup trucks tend to hold their value well, with some models costing over $10,000 with over 300,000 miles on the odometer.
If you are looking for the best trucks under $5,000, here are some pickups to consider.
Best Trucks Under $5,000
2003 Ford F-150
No list of pickup trucks would be complete without the legendary Ford F-150.
This versatile truck has been ranked as the best selling truck or car in America for 40 years in a row.
The F150 features multiple powerful V8 motors, which can haul anywhere from 5,000 to 8,000 lbs, depending on your needs.
MPG is relatively standard at 17/20 MPG city/highway.
You can even opt-in for a Lariat edition which features premium materials like leather seating.
Most owners report their 2003 F-150 to be extremely reliable, especially with the 5.4L Triton motor.
The ride quality of this 15-year-old truck is also remarkable, with many reporting their F-150 providing a more comfortable ride than their everyday family car.
The 4×4 system is reliable and drastically increases the trucks handling when hauling a trailer.
If you are looking for a truck under $5,000, the F-150 is a good choice.
With millions made and extremely cheap parts, the F-150 is one of the most reliable trucks under $5,000.
2000 Toyota Tundra
Toyota is world renowned for its reliable and durable cars.
The 2000 Toyota Tundra is no exception, with its reliable v8 capable of towing anywhere from 4,950 lbs to 7,200 lbs.
Although the Tundra falls short on MPG at 17/19, it’s worth the reliability.
The 4.7L i-Force motor cranks out a respectable 245 HP, much more than similar entry-level truck motors offered by Ford, GM, and Chrysler.
Although you can opt in for a DOHC-6 3.4L V6 motor, we highly recommend the V8 due to its durability and torque.
It might be hard to find a low mileage one for under $5,000, but it should provide you with years of dependable service.
If you are a manual transmission fan, you can select the V6 Tundra with an optional five-speed manual transmission.
This should also help you save a few hundred dollars when purchasing a 2000 Toyota Tundra. For a truck buyer on a budget, the 2000 Toyota Tundra makes a great cheap truck under $5,000.
2001 Dodge Ram 2500
The 2500 series Ram truck is a great heavy-duty pickup truck for those of us that tow or haul large loads.
You can easily find a 4WD Quad Cab Ram truck for under $5,000.
The 2500 series features a Cummins diesel motor, which can last for hundreds of thousands of miles.
The Cummins motor can haul up to 14,000 lbs with a 5th wheel attached.
Consumers have reported an average of roughly 17 MPG in this diesel truck.
One of the most common complaints we have heard regarding the 2001 Dodge Ram is its air conditioning, which has a tendency to blow warm air. Air conditioning repairs are typically expensive and past owners have reported spending upwards of $1,200 to make the necessary repairs.
Just like every American truck made, there are almost endless possibilities when it comes to choosing engines, beds, and transmissions for your truck. The 2001 Ram is available with a single cab, crew cab, and a half cab.
We highly suggest searching for a Cummins diesel truck for their extreme durability. For the budget conscious consumer, the Magnum V8 motor servers as one of the great cheap trucks under $5,000.
2001 Chevrolet Silverado 1500
The Silverado is the second most famous series of trucks, just behind the Ford F-series pickups.
The Chevrolet Silverado 1500 features the iconic Vortec 5.3 L small block V8 motor capable of towing up to 8,600 lbs.
Although there is a 4.3L V-6 motor available, its towing capacity does not match the power of the 5.3L aluminum block Vortec motor.
Chevrolet produced the Silverado 1500 series in mass numbers, making parts easy to find and affordable.
The Silverado scores high marks in dependability and power, but the interior plastics are of subpar quality and have been known to cause creaking noises.
Although mass production allows these cars to be relatively reliable and affordable, you should still ensure the one you purchase has been thoroughly maintained.
With its wide array of powerful motors, amazing brakes, and spacious rear seats, the Silverado makes a good truck under $5,000.
1999 Ford F-250 Powerstroke
Although the F-250 series trucks can be hard to find under $5,000, it can definitely be worth it to get a higher mileage one.
The F-250 series Super Duty truck series has been the standard in towing and hauling for years.
These utility grade trucks usually feature a Powerstroke diesel motor, which can fetch top dollar due to their massive tow capacity of 11,000 lbs.
If you are set on a diesel truck, try searching for one with the 7.3L Powerstroke motor.
Although there are multiple Powerstroke motors available, the 7.3L is the one you want.
The 6.0L and 6.7L Powerstroke motors offered by Ford years later have had a wide array of issues from fuel delivery to electrical issues.
Chances are, finding one with less than 300,000 miles for less than $5,000 will be a challenge. However, you can easily expect the 7.3L motor to go for 500,000 miles.
Keep searching online until one pops up for sale in your price range, you never know what you can find!’
If you have a little more to spend, you can check out our article on the best trucks under $10k.
Finding the right pickup truck for you and your business can be hard. But with some thorough research and education, you are on track to finding the perfect truck.
If you are looking to buy a new car but are in need of financing, CrediReady can help.
Our nationwide network of trusted dealers and verified lenders work with buyers in all credit situations. Take a moment to fill out our free no-obligation loan inquiry form and start shopping for your dream car today!