Ford F-150 Depreciation

A Ford F-150 will depreciate 24% after 5 years and have a 5 year resale value of $45,328.

The F-150 pick-up has been the best-selling vehicle since the beginning of time. One thing that keeps them going, is that they hold their value very well, and they are a good investment, from a vehicle perspective. The F-150 ranks in our Top 10 models in years 3 and 5, but trails the Silverado as more goes by. However, the results are so close, that the choice between Ford and Chevy should be based upon other factors, and not just value retention. Half-ton pick-ups hold their value extremely well, and the F-150 is no exception.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $59,650 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Ford F-150.

Ford F-150 Depreciation Calculator

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Ford F-150 Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $3,495 94.14% $56,155 12,000 2022
2 $6,347 89.36% $53,303 24,000 2023
3 $7,403 87.59% $52,247 36,000 2024
4 $7,904 86.75% $51,746 48,000 2025
5 $14,322 75.99% $45,328 60,000 2026
6 $17,370 70.88% $42,280 72,000 2027
7 $19,720 66.94% $39,930 84,000 2028
8 $25,459 57.32% $34,191 96,000 2029
9 $28,274 52.60% $31,376 108,000 2030
10 $33,052 44.59% $26,598 120,000 2031

Ford F-150 Depreciation

Years Old Depreciation Residual Value Resale Value
1 $3,495 94.14% $56,155
2 $6,347 89.36% $53,303
3 $7,403 87.59% $52,247
4 $7,904 86.75% $51,746
5 $14,322 75.99% $45,328
6 $17,370 70.88% $42,280
7 $19,720 66.94% $39,930
8 $25,459 57.32% $34,191
9 $28,274 52.60% $31,376
10 $33,052 44.59% $26,598

Buying a Ford F-150 New vs Used

If you purchase a used Ford F-150 that is 2 years old, then you could save $6,347 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $7,975. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used F-150 models become available.

What About Ford F-150 Insurance Costs?

The average cost to insure a Ford F-150 is about $1,760 per year. This adds up to around $8,800 after 5 years of vehicle ownership. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a Ford F-150. Or, if you are just researching, then it would be money-wise to know this cost before buying. Try our Competitive Quote Tool or the form below to get free quotes. Advertising Disclosure

The Best Model Years to Buy a Ford F-150

The 2021 Ford F-150 is our top pick for the best model year value for the F-150. With the 2021, you would only pay, on average, 94% of the price as new, with 92% of the vehicle's useful life remaining. The 2020 and 2019 model years are also attractive years for the F-150, and provide a relatively good value. Our rankings consider multiple factors, including the F-150's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the Ford F-150 models.

Ford F-150 Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2022 $59,650 $59,650 $386 $0 0% 100%
2021 $59,507 $56,464 $445 $3,186 5.34% 94.14% Best
2020 $43,432 $39,350 $540 $17,114 30.31% 89.36% Better
2019 $43,397 $38,704 $692 $646 1.64% 87.59% Better
2018 $43,427 $38,489 $818 $215 0.56% 86.75% Good
2017 $43,348 $33,958 $1,016 $4,531 11.77% 75.99% Good
2016 $41,003 $30,479 $1,418 $3,479 10.25% 70.88%
2015 $40,917 $28,968 $1,579 $1,511 4.96% 66.94%
2014 $38,006 $23,513 $1,727 $5,455 18.83% 57.32%
2013 $37,017 $21,419 $1,948 $2,094 8.91% 52.6%
2012 $37,958 $18,904 $1,977 $2,515 11.74% 44.59%
2011 $35,652 $16,609 $2,213 $2,295 12.14% 40.38%
2010 $32,892 $14,802 $2,556 $1,807 10.88% 37.23%
Year Price % Paid Value Rank
2022 $59,650 100%
2021 $56,464 94.14% Best
2020 $39,350 89.36% Better
2019 $38,704 87.59% Better
2018 $38,489 86.75% Good
2017 $33,958 75.99% Good
2016 $30,479 70.88%
2015 $28,968 66.94%
2014 $23,513 57.32%
2013 $21,419 52.6%
2012 $18,904 44.59%
2011 $16,609 40.38%
2010 $14,802 37.23%

Ford F-150 Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Ford F-150 ranks for Depreciation compared to other vehicles. Also check out how the F-150 stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Ford F-150 Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Ford F-150 costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: