Top 2024 Pickup Trucks Under $50,000

The Purpose of Trucks

Trucks are fundamentally designed for one primary purpose: to work efficiently and effectively. This core truth remains constant, even as SUV-based, unibody pickups increasingly populate showrooms. The essential function of these vehicles is straightforward: to assist you in completing various tasks. Whether you’re transporting materials for a weekend DIY endeavor or hauling heavy-duty machinery to a job site for a significant project, the mission of a truck is clear. However, similar to nearly all vehicle categories, the cost of pickup trucks has dramatically increased over the years. While it may appear that most models are now priced beyond reach, there are still several options available on the market that remain under the $50,000 threshold. These budget-friendly trucks represent some of the most accessible choices for buyers today.

2024 Toyota Tacoma

The 2024 Toyota Tacoma boasts a turbocharged four-cylinder engine across all of its variants, with the i-Force Max trims incorporating a hybrid motor for enhanced power and capability. This latest model offers improved comfort compared to its predecessors, marking a significant upgrade. The Tacoma is equipped with a 2.4-liter turbocharged 4-cylinder engine and an 8-speed automatic transmission, producing an impressive 278 horsepower and 317 lb-ft of torque. With a 4WD driveline, it achieves a fuel efficiency rating of 19/23 mpg, provides a payload capacity of 1,380 pounds, and can tow up to 6,400 pounds. For off-road enthusiasts, Toyota has introduced the Trailhunter trim, which enhances the vehicle’s off-road capabilities. Notably, the Tacoma also features a manual transmission option, a rarity in today’s market.

Pros of the Tacoma include a diverse range of trims and configurations, capable off-road performance in TRD versions, and robust power from the hybrid engine. However, some drawbacks include a smaller back seat compared to competitors, engine noise during hard acceleration, and a towing capacity that may not impress some users.

2024 GMC Canyon

The 2024 GMC Canyon is engineered for off-road adventures, with each model equipped to tackle challenging trails. While the base Elevation trim comes with rear-wheel drive, all other trims boast standard 4WD, enhancing their off-road capabilities. The Canyon features a spacious and thoughtfully designed cabin, making it suitable for various conditions.

Powered by a 2.7-liter turbocharged 4-cylinder engine, it delivers an impressive 310 horsepower and 430 lb-ft of torque, paired with an 8-speed automatic transmission. The Canyon achieves a fuel efficiency of 18/25 mpg, offers a payload capacity of 1,550 pounds, and an impressive towing capacity of 7,700 pounds. The extreme AT4X AEV version is available, equipped with specialized off-road gear from American Expedition Vehicles, making it an excellent choice for serious adventurers. Additionally, lower trims now come with an 11-inch digital gauge display, enhancing the driving experience.

Pros include strong towing capabilities, excellent power, a balanced ride on both pavement and dirt, and a roomy interior with a great driving position. However, its high base price, limited cab and bed options, and poorer fuel economy compared to the discontinued V6 model are notable drawbacks.

2024 Chevrolet Colorado

The 2024 Chevrolet Colorado shines as an affordable midsize truck, with every trim level priced below $50,000. For those desiring a more rugged, off-road experience, the ZR2 Bison model is the ultimate choice, featuring AEV upgrades that enhance its off-road capabilities akin to the Canyon AT4X AEV.

This model is powered by a 2.7-liter turbocharged 4-cylinder engine paired with an 8-speed automatic transmission, delivering 310 horsepower and 430 lb-ft of torque. It boasts a 4WD driveline, a fuel efficiency rating of 18/25 mpg, a payload capacity of 1,550 pounds, and a towing capacity of 7,700 pounds. The 2024 Colorado simplifies powertrain options by eliminating one power level, offering only two choices. While it doesn’t introduce significant changes from the 2023 generational update, it remains a solid choice for buyers.

Pros of the Colorado include quick acceleration and strong towing performance from the upgraded engine options, a composed ride quality for a pickup, and the highly capable ZR2 off-road model. However, the base power setup may sound coarse and lacks sufficient power, the rear seats could be more comfortable, and there’s only one configuration for the cab and bed.

2024 Toyota Tundra

The 2024 Toyota Tundra starts at $42,015 and offers an impressive towing capacity of 11,200 pounds. For those wanting a taller stance, a factory-installed three-inch lift kit is available, elevating its off-road capabilities and giving it a commanding presence on the road.

Under the hood, the Tundra features a 3.4-liter turbocharged V6 engine mated to a 10-speed automatic transmission, producing 389 horsepower and 479 lb-ft of torque. It has a 4WD driveline, fuel efficiency of 17/23 mpg, a payload capacity of 1,820 pounds, and a towing capacity of 11,200 pounds. This new version represents a shift for Toyota, as it completely replaces the V8 engine with a smaller, more efficient turbocharged V6.

Pros include smooth power delivery from the turbocharged V6 engine, user-friendly controls, and a standard composite bed that resists dents and scratches. However, some downsides are that the base engine isn’t as fuel-efficient as anticipated, it lacks a trick tailgate option found in some competitors, and the rear seating might feel cramped compared to rivals.

2024 Ram 1500

The 2024 Ram 1500 stands out as an excellent work truck that starts under $50,000, while also boasting one of the most impressive cabins available in the market. This powerful and rugged vehicle provides all the necessary equipment and driving experience needed for various tasks.

The Ram 1500 is equipped with a 5.7-liter V8 mild hybrid engine, coupled with an 8-speed automatic transmission, delivering 395 horsepower and 410 lb-ft of torque. It features a rear-wheel drive (RWD) driveline, with a fuel efficiency rating of 18/23 mpg, a payload capacity of 1,730 pounds, and an impressive towing capacity of 12,750 pounds. Available in various trims and power levels, the Ram 1500 allows you to choose the best model tailored to your needs.

Its pros include a spacious and quiet interior, a rich array of tech features, electrified V6 and V8 engine options, and the addition of optional RamBox integrated bed storage bins. However, it does fall short in towing technology, as driver assist technology is offered as an optional feature rather than a standard one, and it lacks a full hybrid powertrain for effective worksite power.

2024 Chevrolet Silverado 1500

The 2024 Chevrolet Silverado 1500 ranks as the second-most popular truck, second only to the Ford F-150. Available in various trims and powertrain options, including a turbocharged diesel engine, this Silverado offers versatility for a variety of tasks.

Powered by a 6.2-liter V8 engine and paired with a 10-speed automatic transmission, it produces 420 horsepower and 460 lb-ft of torque. With a 4WD driveline, it achieves a fuel efficiency rating of 16/21 mpg, a payload capacity of 2,280 pounds, and a towing capacity of 13,300 pounds. While it may not have the highest towing capacity under $50,000, the base engine still provides up to 9,500 pounds of towing capacity, making it a practical choice for work.

Pros include a wide range of powertrains that meet diverse towing and hauling needs, a spacious cabin with excellent rear legroom, and ample in-bed tie-down points. However, the ride can be rough compared to its main competitors, the ZR2 off-road trim may not match competitors for off-road capability, and the interior, while functional, is somewhat average.

2024 Ram HD 2500

The 2024 Ram HD 2500 presents an exceptional value-oriented work truck that begins under $50,000, making it an ideal option for those needing a heavy-duty pickup capable of handling significant jobs. This three-quarter-ton truck features either a coil spring or air suspension in the rear to ensure a smooth and comfortable ride, even when dealing with heavy loads.

Powered by a robust 6.4-liter V8 engine and paired with an 8-speed automatic transmission, it delivers 410 horsepower and 429 lb-ft of torque. The truck is equipped with a 4WD driveline, a payload capacity of 6,320 pounds, and an impressive towing capacity of 19,980 pounds, making it perfect for substantial towing tasks.

The Ram HD 2500 is designed for challenging job sites where strength is crucial. Its pros include the availability of a diesel engine that produces remarkable power and torque, a high-tech interior at higher trim levels, and a quiet and comfortable ride, especially for such a large vehicle. On the downside, the optional diesel engine may generate annoying noise, the driving position can feel excessively high for some, and navigating in tight spaces can be challenging due to its size.

2024 Ford Super Duty F-250

The 2024 Ford Super Duty F-250 is recognized as one of the most robust mass-produced trucks globally. This exceptionally tough and versatile truck offers numerous configurations to meet the demands of both work and recreation, making it an excellent choice for any user.

With outstanding power and performance, it is built to tackle even the most demanding jobs. The F-250 is powered by a 7.3-liter V8 engine, paired with a 10-speed automatic transmission, producing 430 horsepower and 485 lb-ft of torque. Featuring a 4WD driveline, it has a payload capacity of 3,923 pounds and an astonishing towing capacity of 22,000 pounds.

The XLT Premium model includes a standard navigation system, ensuring you stay on course without relying on your smartphone. This truck is designed to effortlessly haul and tow heavy loads, making it ideal for both work and leisure activities. Pros of the F-250 include a spacious and comfortable cabin, excellent towing and hauling capabilities, and a variety of available tech features that simplify towing. Conversely, its cons include a quickly escalating price tag, a tall ride height that can make entry difficult without side steps, and top trims that may not match the refinement of competing Ram models.

2024 GMC Sierra 1500

The 2024 GMC Sierra 1500 is well-known for its impressive towing capabilities, but its newly introduced diesel engine option is its most captivating feature. This powertrain delivers more power than before, making the Sierra 1500 even better equipped to handle any road or trail.

Powered by a 6.2-liter V8 engine and paired with a 10-speed automatic transmission, it produces 420 horsepower and 460 lb-ft of torque. With a 4WD driveline, it boasts a fuel efficiency rating of 16/21 mpg, a payload capacity of 2,280 pounds, and a towing capacity of 13,300 pounds. The 2024 Sierra 1500 remains an affordable choice at lower trims under $50,000, although the Denali Ultimate and AT4X AEV trims drive the price significantly higher, making this truck a versatile option for many drivers.

Pros include a diverse range of powertrains to suit different towing and hauling needs, a substantial bed capacity, and an attractive, user-friendly touchscreen display. However, some downsides include a rougher ride compared to most competitors, higher trims being quite expensive, and visibility being reduced due to the broad hood and thick roof pillars.

2024 Ford F-150

The 2024 Ford F-150 holds the title of the most popular half-ton truck on the market, continuing to dominate with the highest towing and payload capacities in its class. This makes it the ideal choice for heavy-duty tasks.

The F-150 is also notable for its updated styling and impressive technology, which enhance both its appeal and functionality. It features a 3.5-liter twin-turbocharged V6 engine, mated to a 10-speed automatic transmission, delivering 400 horsepower and 500 lb-ft of torque. With a 4WD driveline, it offers fuel efficiency of 16/24 mpg, a payload capacity of 2,455 pounds, and a towing capacity of 13,500 pounds. The F-150 has maintained its status as the best-selling model in its class for over 40 years, also being the top-selling vehicle in America.

Pros include a broad selection of engines, including hybrid and all-electric options, high towing and payload capacities, and truck-friendly features like an onboard generator. However, the interior storage could be more versatile and spacious, the optional hybrid powertrain may generate noise when powering the onboard generator, and the truck can quickly become expensive as you ascend through the trims.