Strong towing numbers and a diesel that actually delivers 28-29 mpg highway, but you're gambling on two expensive failures: the 8-speed automatic shudders and slips toward a $6,000 rebuild, and the AFM lifter system collapses into a ticking mess that demands cam replacement. Transmissions have failed at 83k miles, lifters strike seemingly at random, some trucks cruise past 200k, others need major work before 100k. The GMT800 generation (1999-2006) earned its reputation as bulletproof; the current truck tows competently but trails Ram and Ford in cabin refinement, with materials that don't match the sticker. Budget for an AFM delete if buying new, or find a clean GMT800 and avoid the lottery entirely. Skip this if you want modern interior quality or can't stomach four-figure repair risk.
The truck that built Ford's empire now costs what a luxury sedan did five years ago, and that's the whole story in one sentence. Well-equipped F-150s run $60k, $80k, double the inflation-adjusted price of a decade ago, while dealer markups on desirable trims push buyers toward used lots. The product itself hasn't failed, the 5.0L V8 still runs to 300k miles, the PowerBoost hybrid doubles as a mobile generator, and the aluminum body laughs at rust, but Ford chased luxury margins and left its core buyers behind. If you find a fair deal or buy used, you're getting the most capable half-ton on the market. If you're stretching to afford a new XLT at $55k, ask yourself if a three-year-old Silverado at $38k makes more sense. The F-150 is still the truck to beat; it's just not the truck most people can afford to buy.