Ford F-150 Depreciation

A Ford F-150 will depreciate 51% after 5 years and have a 5 year resale value of $30,245.

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 $61,927 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 $13,345 78.45% $48,582 12,000 2025
2 $15,265 75.35% $46,662 24,000 2026
3 $20,380 67.09% $41,547 36,000 2027
4 $29,242 52.78% $32,685 48,000 2028
5 $31,682 48.84% $30,245 60,000 2029
6 $33,267 46.28% $28,660 72,000 2030
7 $35,236 43.10% $26,691 84,000 2031
8 $37,317 39.74% $24,610 96,000 2032
9 $39,163 36.76% $22,764 108,000 2033
10 $40,556 34.51% $21,371 120,000 2034

Ford F-150 Depreciation

Years Old Depreciation Residual Value Resale Value
1 $13,345 78.45% $48,582
2 $15,265 75.35% $46,662
3 $20,380 67.09% $41,547
4 $29,242 52.78% $32,685
5 $31,682 48.84% $30,245
6 $33,267 46.28% $28,660
7 $35,236 43.10% $26,691
8 $37,317 39.74% $24,610
9 $39,163 36.76% $22,764
10 $40,556 34.51% $21,371

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 $15,265 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 $16,417. 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 $2,327 per year. This adds up to around $11,635 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 2020 Ford F-150 is our top pick for the best model year value for the F-150. With the 2020, you would only pay, on average, 53% of the price as new, with 67% of the vehicle's useful life remaining. The 2023 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
2024 $61,927 $61,927 $458 $0 0% 100%
2023 $65,920 $51,715 $535 $10,212 16.49% 78.45% Better
2022 $59,650 $44,947 $655 $6,768 13.09% 75.35% Good
2021 $59,507 $39,925 $849 $5,022 11.17% 67.09% Good
2020 $65,652 $34,654 $1,009 $5,271 13.2% 52.78% Best
2019 $65,090 $31,790 $1,261 $2,864 8.26% 48.84% Better
2018 $59,809 $27,682 $1,457 $4,108 12.92% 46.28%
2017 $58,736 $25,317 $1,532 $2,365 8.54% 43.1%
2016 $57,521 $22,858 $1,583 $2,459 9.71% 39.74%
2015 $50,896 $21,909 $1,651 $949 4.15% 43.05%
2014 $50,275 $17,352 $1,750 $4,557 20.8% 34.51%
2013 $49,131 $16,195 $1,905 $1,157 6.67% 32.96%
2012 $48,242 $14,924 $2,056 $1,271 7.85% 30.94%
Year Price % Paid Value Rank
2024 $61,927 100%
2023 $51,715 78.45% Better
2022 $44,947 75.35% Good
2021 $39,925 67.09% Good
2020 $34,654 52.78% Best
2019 $31,790 48.84% Better
2018 $27,682 46.28%
2017 $25,317 43.1%
2016 $22,858 39.74%
2015 $21,909 43.05%
2014 $17,352 34.51%
2013 $16,195 32.96%
2012 $14,924 30.94%

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: