You're shopping two completely different trucks under one badge. The old compact Rangers (1990s-2011) earned their reputation the hard way, owners routinely push them past 300k miles on original drivetrains, fix them with junkyard parts for pocket change, and replace them with another Ranger when rust finally wins. The current midsize version (2019+) tows 7,500 pounds, rides like a car, and packs a punchy turbo four, but it's grown to F-150 dimensions at near-F-150 money, and 2021-2023 models are showing up with oil leaks and transmission hiccups while still under warranty. Buy a clean old one if you want a proven workhorse that'll outlast your career. Skip the new one unless you need modern towing and safety, and even then, you're betting on Ford ironing out first-generation kinks.
You're buying Toyota's reputation tax with the current Tacoma, and whether that's worth it depends entirely on the generation. The 1996-2023 trucks earned their cult status honestly, owners routinely clock 300k, 500k, even 988k miles on original engines with nothing but oil changes, and resale stays absurdly strong even after a decade of use. The 2024 redesign modernized everything (better ride, nicer interior, hybrid option) but lost the value plot: $65k for a TRD Pro when a Ranger Raptor costs $10k less and tows more. If you're shopping used and can find a rust-free 2016-2023, you're buying a truck that'll outlive your mortgage. If you're paying new-truck money in 2025, you're funding nostalgia, not current value.