Ford F-150 Depreciation
A Ford F-150 will depreciate 51% after 5 years and have a 5 year resale value of $14,560.
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 $28,940 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.
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Ford F-150 Depreciation
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $6,058 | 79.07% | $22,882 | 10,500 | 2025 |
| 2 | $6,929 | 76.06% | $22,011 | 21,000 | 2026 |
| 3 | $9,250 | 68.04% | $19,690 | 31,500 | 2027 |
| 4 | $13,272 | 54.14% | $15,668 | 42,000 | 2028 |
| 5 | $14,380 | 50.31% | $14,560 | 52,500 | 2029 |
| 6 | $15,100 | 47.82% | $13,840 | 63,000 | 2030 |
| 7 | $15,993 | 44.74% | $12,947 | 73,500 | 2031 |
| 8 | $16,938 | 41.47% | $12,002 | 84,000 | 2032 |
| 9 | $17,776 | 38.58% | $11,164 | 94,500 | 2033 |
| 10 | $18,408 | 36.39% | $10,532 | 105,000 | 2034 |
Ford F-150 Depreciation
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $6,058 | 79.07% | $22,882 |
| 2 | $6,929 | 76.06% | $22,011 |
| 3 | $9,250 | 68.04% | $19,690 |
| 4 | $13,272 | 54.14% | $15,668 |
| 5 | $14,380 | 50.31% | $14,560 |
| 6 | $15,100 | 47.82% | $13,840 |
| 7 | $15,993 | 44.74% | $12,947 |
| 8 | $16,938 | 41.47% | $12,002 |
| 9 | $17,776 | 38.58% | $11,164 |
| 10 | $18,408 | 36.39% | $10,532 |
Buying a Ford F-150 New vs Used
Considering buying a new Ford F-150? If you plan to keep this vehicle for 5 years then your total cost of depreciation would be $14,380. 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.
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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
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.
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:
