USA: What to Expect When Buying a Used Ford F-150 in 2024

Understanding the Market Dynamics

The Ford F-150 has long been America’s best-selling truck, and its market for used models is robust. As new vehicle prices continue to rise, many consumers are turning to the used market to find affordable options. The 2024 landscape for used Ford F-150s offers a variety of choices, from nearly new models to older, high-mileage trucks.

The pricing of used Ford F-150 trucks can vary significantly based on several factors such as mileage, condition, location, and trim level. However, a notable interest lies in finding models priced under $10,000, which typically involves older model years with higher mileage or those in need of repairs.

Current Pricing Trends

As of May 2024, the prices for used Ford F-150s have shown a slight increase due to several market factors, including increased demand and a somewhat limited supply of used trucks. Despite these rising costs, there are still opportunities to secure a used Ford F-150 at an attractive price. For instance, dealerships may offer specific incentives and rebates on used models, particularly during promotional periods.

Data collected from across the country indicates that the starting prices for used Ford F-150s range significantly. While finding a model under $10,000 is challenging, it is not impossible, especially for buyers open to older models from the early 2000s or those requiring some level of refurbishment.

For Example:

1. 2004 Ford F-150 Lariat SuperCrew 5.5′ Box 4WD – Priced around $9,072 with approximately 180,000 miles.
2. 2010 Ford F-150 XLT SuperCrew 5.5′ Box 4WD – Available for about $9,998, showing high mileage near 199,000.
3. 2017 Ford F-150 XL SuperCab 6.5′ Box RWD – Offered at $8,500 with over 255,000 miles on the odometer.
4. 2007 Ford F-150 Lariat SuperCrew 5.5′ Box 2WD – Listed for $8,581 with around 224,000 miles.
5. 2008 Ford F-150 STX Regular Cab 6.5′ Box 2WD – A more affordable option at $6,900, with 138,000 miles driven.

Incentives and Rebates

Incentives and rebates can significantly affect the final purchase price of a used Ford F-150. In May 2024, Ford dealerships have offered various incentives to attract buyers, such as low-interest financing options and cash-back offers on certain used models. These incentives are often applied to newer used models, typically those less than three years old.

Rebates can also vary by region, so it is advisable for prospective buyers to check with local dealerships for the most current offers. Such incentives are designed to reduce inventory levels and refresh the models available on lots, providing a win-win situation for both buyers and sellers.

1. Farm Bureau Recognition Exclusive Cash Reward

• Amount: $500
• Eligibility: Must be a Farm Bureau member for at least 30 days.
• Expiration: January 2, 2025

2. Ford Accessibility Program

• Amount: $1,000
• Eligibility: Applies to buyers requiring vehicle accessibility modifications.
• Expiration: January 2, 2025

3. Ford Military Appreciation Bonus Cash

• Amount: $500
• Eligibility: Active military personnel, veterans within 2 years of discharge, and retirees.
• Expiration: January 2, 2025

4. Ford College Student Purchase Program

• Amount: $500
• Eligibility: Full-time and part-time college students, recent graduates, and high school seniors.
• Expiration: January 2, 2025

Comparison with Ford F-250

While the Ford F-150 is a popular choice for many, the Ford F-250 is also a worthy contender in the used truck market, particularly for those needing more power and towing capacity. As of 2024, the starting prices for used Ford F-250 trucks are generally higher than those for the F-150 due to their enhanced capabilities and larger size. However, for everyday use and light to moderate towing, the F-150 remains the more economical choice.