Ford trucks have been top-selling pickups for decades thanks to their power, capability, and reliability. For those in the market for a new workhorse, opting for a quality pre-owned Ford truck can be an excellent value. Here are 7 key benefits of choosing a used Ford versus purchasing a new one.
1. More Affordability Upfront
The most obvious advantage of a used Ford truck is a lower purchase price, often thousands below a new model. Even trucks only a few years old with relatively low mileage carry a significantly reduced-price tag. Since trucks already take an initial depreciation hit as soon as they leave the dealership lot, you can avoid that by going pre-owned. This leaves more money in your budget for custom add-ons and accessories.
2. Just As Much Truck For Less
Most used Ford trucks on the market, especially those under 5 years old, will have the same capabilities and features as a new version. For example, a low-mileage 2019 F-150 XLT has the same towing capacity, engine power, and cabin amenities as a brand-new one for much less money. You still get an excellent truck engineered to Ford’s stringent standards, just at a more reasonable price point.
3. Wider Selection To Find What You Want
Rather than only having the current year’s options, buying used opens up more possibilities. You can potentially find your ideal Ford truck that matches your preferences for engine, cab size, trim level, and color since you have more model years and configurations to choose from. Perusing used Ford trucks at various dealers gives you added selection flexibility.
4. Option For Extended Warranties
Some buyers avoid used vehicles because factory warranties have expired. However, you can overcome this by purchasing an extended warranty to cover your pre-owned Ford truck for mechanical issues. Most extended truck warranties provide affordable protection for the powertrain or entire vehicle. This gives you assurance during the ownership period.
5. Lower Registration, Taxes, And Insurance
Because used Ford trucks have lower sales prices than new ones, you’ll save money when it comes time to register, title, and license the vehicle. Certain taxes and fees are based on the sale price, so you’ll owe less with a used truck purchase. Auto insurance premiums also factor in the vehicle value, so insuring a used Ford truck will cost you less. These yearly savings add up.
6. Avoid First Year Depreciation
One of the downsides of new vehicle purchases is the rapid first-year depreciation. A new truck can lose 10-30% of its value as soon as you drive it off the dealer’s lot. With a pre-owned Ford truck, the original owner takes that initial depreciation hit. By buying used, you get to skip past the huge value plunges cars face in their first ownership year.
7. More Value For Your Money
When you weigh the upfront affordability, lower taxes/fees, insurance savings and lack of first-year depreciation, quality used Ford truck gives you greater overall value for your money. While used trucks require a bit more research, taking time to find one that suits your needs will provide you with an excellent return on investment.
To Wrap Up
For work, recreation, or family use, Ford trucks are a top choice thanks to their capabilities, features, and reputation for durability. Opting for a pre-owned Ford pickup can net you an affordable, gently-used workhorse. Just be sure to inspect condition, mileage, and maintenance records before purchasing any used vehicle. But when you find the right used Ford truck for your needs, it will provide you with years of performance and value.