Used Ford F-150: A Price Guide for 2024
The Ford F-150 has been a staple in the American pickup truck market for decades, offering durability, versatility, and performance. As one of the most popular trucks in the world, the used F-150 market is vast, providing opportunities for buyers to get a reliable vehicle at a fraction of the cost of a new one. Potential buyers could expect prices to range from $22,000 - $70,000, Learn How to Take Advantage!
Why Buy a Used Ford F-150?
Buying a used Ford F-150 can be an excellent investment for several reasons:
- Durability: F-150s are known for their ruggedness, often lasting well beyond 200,000 miles with proper care.
- Depreciation: Like most vehicles, the F-150 experiences its greatest depreciation in the first few years, making used models a cost-effective option.
- Versatility: Whether you need a vehicle for towing, off-roading, or just daily commuting, there’s likely a used F-150 that fits your needs.
- Variety: With so many trims, engine options, and model years to choose from, the used F-150 market offers plenty of options to match your budget and preferences.
Factors Affecting the Price of a Used Ford F-150
When evaluating the price of a used F-150, several factors come into play:
- Model Year: Newer models with advanced technology and features will typically cost more than older ones.
- Trim Level: The F-150 comes in various trims, from the basic XL to the luxurious Platinum and Limited models. Higher trims include more advanced features and may have more powerful engines, driving up the price.
- Mileage: Trucks with lower mileage will usually command a higher price, as they typically have more life left in them.
- Condition: Trucks that have been well-maintained, with little wear and tear, will be more expensive than those showing signs of heavy use.
- Location: Prices can vary based on geographic location. Trucks in rural or industrial areas might be in higher demand than those in more urban regions.
- Market Demand: The used truck market can fluctuate, with supply and demand influencing prices at different times of the year.
Used Ford F-150 Pricing for 2024
1. Used 2023 Ford F-150
A 2023 used Ford F-150 is practically new, meaning these models will still fetch a higher price. However, you can still save compared to buying a brand-new F-150.
Price Range: $45,000–$70,000, depending on trim and condition.
Key Features: These models offer the latest in tech and safety features, including the available PowerBoost hybrid engine and advanced towing technologies.
Mileage: Typically under 20,000 miles.
2. Used 2022 Ford F-150
The 2022 F-150 is a great option if you're looking for a truck with modern features but want to avoid the premium price of a 2023 model. These trucks are still relatively new and come equipped with the latest engine options and tech.
Price Range: $40,000–$65,000.
Key Features: Includes hybrid and diesel engine options, with a focus on towing and off-road capabilities.
Mileage: Typically between 20,000 and 40,000 miles.
3. Used 2021 Ford F-150
2021 was a significant year for the F-150, as Ford introduced a new generation with updated styling and interior technology. These trucks are modern, reliable, and more affordable than the newer 2022 and 2023 models.
Price Range: $35,000–$60,000.
Key Features: Updated design, modern infotainment system, and hybrid engine availability.
Mileage: Typically between 30,000 and 60,000 miles.
4. Used 2020 Ford F-150
The 2020 F-150 belongs to the previous generation, but it’s still a capable and popular option for those seeking a reliable truck. With strong resale value and plenty of available models, the 2020 F-150 is often priced competitively in the used market.
Price Range: $30,000–$55,000.
Key Features: Strong engine lineup, including V6 and V8 options, and solid towing capacity.
Mileage: Typically between 40,000 and 70,000 miles.
5. Used 2019 Ford F-150
The 2019 F-150 is a great option for budget-conscious buyers looking for a modern truck without breaking the bank. It offers many of the same engine options and features as the 2020 model.
Price Range: $28,000–$50,000.
Key Features: Available with advanced safety features like adaptive cruise control and lane-keeping assist.
Mileage: Typically between 50,000 and 80,000 miles.
6. Used 2018 Ford F-150
The 2018 F-150 remains a solid choice for those who want a dependable truck at a lower price point. It was part of the same generation as the 2019 and 2020 models, offering many of the same features.
Price Range: $25,000–$48,000.
Key Features: Various engine options, including a diesel engine introduced this year.
Mileage: Typically between 60,000 and 100,000 miles.
7. Used 2017 Ford F-150
If you're on a tighter budget, a 2017 F-150 might be the perfect option. It’s still modern enough to offer a comfortable ride, while being affordable enough to leave room for aftermarket upgrades if needed.
Price Range: $22,000–$45,000.
Key Features: Powerful engine options and an intuitive infotainment system.
Mileage: Typically between 70,000 and 110,000 miles.
