According to Henry Ford’s, My Life and Work, the Model T was introduced in 1908, and demand was so high that Ford had to develop new mass-production methods to satisfy the market’s desire for an affordable vehicle. The Model T was an all-time bestseller at the time with it selling 15 million units until 1927 when production ended. Today, Ford still has the bestselling car in America since 1979 with the Ford F-Series, according to Zebra magazine’s 2019 report. The F150 has been their best-selling model in that lineup, helping them hold the best-selling car model title for 34 years straight. Let’s look into why you should invest in a used Ford F150.
It’s Reliable
Since the Ford Motor Company first opened its doors in 1903, it has made reliable American cars. The stability and the popularity of the F150 means you will never be at a loss for spare parts if you were to purchase a used Ford F150.
Its Depreciation Fluctuates
The second reason why buying a used Ford F150 makes sense is depreciation. A study by iseecars.com reveals that an F150 will depreciate by 31.7% over a five-year period which is about the average for full-size pickup trucks (31.8%).
Most of that depreciation comes within the first year of purchase, a trend consistent with most cars. Edmunds.com cites the first-year depreciation is usually 28.6%, followed by a less steep depreciation of 6.1% in the second year and a 5.1% drop in the third year. However, the fourth year brings another steep decline of 15%. Therefore, if you pick the sweet spot after the first year and before the fourth year, you can save money by not bearing the brunt of the depreciation cost. In this case, a one-year model from the current model year is recommended.
It’s a Great Truck
The third reason is that an F-150 is a great truck. According to Kelley Blue Book, the 2021 version had class-leading power, towing, and payload capacity, as well as the lowest cost to own among full-size pickup trucks. For the 2019 version, CNBC reported it had the top towing capacity and engine lineup amongst its competitors. The truck was also cited as having a comfortable and composed ride, luxurious interior, and an excellent safety rating.
To sum it up, a used ford F150 is a good choice because it is a well-built vehicle that offers tremendous value for your money. Feel free to reach out to us if you are interested in picking out a used Ford F150.
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