The Ford F-150 is among the most recognizable brand names in the world. With a continuous production run since 1948, the F-150 line is the longest running, constantly-produced car model in American history. Today, the Ford F-150 is ranked number one in a variety of categories by prestigious automotive organizations. It is the best-selling truck in America and has been, on and off, since the late 1940s. If you’re looking for the best value on a truck that can take whatever you can throw at it, the F-150 is a great place to start.
The F-150 comes with a 3.5 liter EcoBoost, turbocharged V-6 that produces 283 horsepower and gets 24 miles per gallon in on the highway and 18 in the city. It’s rated to carry up to 2,000 pounds in the bed and can tow up to 10,000 pounds, making it a capable truck for almost any practical task. The 6-speed, SelectShift transmission gives the truck a surprising level of acceleration and low-gear towing ability. The F-150 is an overall reliable workhorse that will get the job done when called upon.
The interior is also surprisingly nice. The base model XL is directed toward fleet sales, and comes with a more stripped-down interior. But starting with the XLT model and going up from there, the F-150 has a level of creature comforts that one might expect on a high-end luxury sedan. The SYNC-3 system is one of the most user-friendly infotainment offerings of any manufacturer today. And starting with the Lariat trim level, the interior appointments are befitting of a luxury SUV. Even in the lower trim levels, the F-150 is light years ahead of its predecessors of decades past in the area of passenger comfort and providing an enjoyable ride.
The current F-150 lineup starts at $28,000 and can go as high as $65,000 for the crew cab diesel version. It has been the best-selling pickup truck in America since 1981, and it’s not difficult to see why. This is a superb truck that goes above and beyond what’s expected. It is a true example of automotive excellence.
If you’re reading this, the chances are high that you’re a hard worker who requires serious on-the-job capabilities. You understand the level of focus, dedication and competence it takes to get things done in the real world and have learned how to control costs, weed out distractions and keep a project on the track to completion.
But many workers, contractors and small business owners don’t consider the costs, distractions and interruptions to their work that owning a rapidly depreciating vehicle can often create. Unless you have the same capabilities as a professional car dealer, the benefits of owning a truck versus leasing one become questionable at best.
Just take the resale market. After three-years of use, the typical vehicle will be worth just half what it was new. For a $40,000 F-150 that means it might be worth around $20,000. But the actual resale markets for used cars are extremely volatile. This means that the actual figure that the truck will be worth after three years may range anywhere from $10,000 on the low end to a maximum of $30,000. These wild swings in the resale market are difficult even for dealerships to handle. For a small business, having $10,000 less than anticipated can wreak havoc on operations.
Leasing your F-150 eliminates resale market risk. But it does a whole lot more than that. An F-150 XL can be leased for as little as $150 per month. A similar truck, bought on a bank loan, may have monthly payments as high as $500 per month. Over the course of a 36-month lease, this can result in thousands upon thousands of dollars in savings. This is money that a small business or independent contractor can sink directly into operations and capital investments.