Buying a Used 2023 Ford F-150: What You Need to Know

Buying a used F-150 instead of a brand-new one can save you thousands of dollars while still getting you a nearly-new truck with modern tech and features. Since the 2023 model year isn’t that old, you’ll likely find trucks that are still under factory warranty, which gives you peace of mind.

• Pro Power Onboard:Basically turns your truck into a generator. Whether you’re camping or working on a job site, you can plug in tools, a fridge, or even a TV.
• 12-inch Touchscreen:It’s massive and loaded with Ford’s latest SYNC 4 infotainment system. Wireless Apple CarPlay and Android Auto come standard.
• Max Recline Seats: The front seats lay almost completely flat, so if you’re pulling an all-nighter on a road trip, you can sleep in comfort.
• Fold-Out Work Surface: The center console can turn into a small workspace—perfect for anyone who works out of their truck.
• BlueCruise (on higher trims): This is Ford’s hands-free driving system that works on certain highways. It’s not fully autonomous, but it’s getting there.

The price of a used 2023 Ford F-150 depends on mileage, condition, and trim level. Here’s what you can expect:

• Original MSRP (2023): ~$35,000–$40,000
• Average Used Price (2025): ~$28,000–$32,000
• Average Monthly Payment: ~$554–$634
• The XL is the entry-level work truck trim, so it depreciates moderately but retains decent value due to its utility. With 20,000–30,000 miles, expect prices around this range for a 4x2 SuperCrew configuration, with 4x4 versions slightly higher.

• Original MSRP (2023): ~$43,000–$50,000
• Average Used Price (2025): ~$35,000–$40,000
• Average Monthly Payment: ~$692–$791
• The XLT, a popular mid-tier trim, adds comfort and tech features, making it a common choice. With average mileage, prices reflect solid resale value, especially for 4x4 models or those with optional packages.

• Original MSRP (2023): ~$55,000–$65,000
• Average Used Price (2025): ~$45,000–$52,000
• Average Monthly Payment: ~$889–$1,027
• The Lariat steps into luxury territory with leather, advanced tech, and optional hybrid powertrains. Used prices hold strong due to demand, landing in this range for a typical SuperCrew with 20,000–30,000 miles.

• Original MSRP (2023): Platinum ~$70,000–$75,000; Limited ~$80,000–$85,000
• Average Used Price (2025): ~$55,000–$65,000 (Platinum), ~$60,000–$70,000 (Limited)
• Average Monthly Payment: ~$1,089–$1,288 (Platinum), ~$1,187–$1,386 (Limited)
• These high-end trims feature premium materials and tech. Platinum tends to be slightly cheaper used, while the Limited’s rarity and features keep it pricier. Prices assume average mileage and good condition.

• Original MSRP (2023): Raptor ~$75,000–$80,000; Raptor R ~$105,000–$110,000
• Average Used Price (2025): ~$65,000–$75,000 (Raptor), ~$90,000–$100,000 (Raptor R)
• Average Monthly Payment: ~$1,288–$1,486 (Raptor), ~$1,783–$1,981 (Raptor R)
• The Raptor’s off-road prowess ensures strong resale value, while the Raptor R’s supercharged V8 and exclusivity push it higher. With 20,000–30,000 miles, these are enthusiast-driven prices reflecting low depreciation.

These figures are ballpark estimates based on the 2023 model year’s original pricing, typical depreciation (15–25% over two years for trucks), and demand for F-150s as of early 2025. For precise values, you’d need to check real-time listings on platforms like AutoFinder.com factoring in your specific region and vehicle condition. Prices could vary by a few thousand dollars depending on options (e.g., PowerBoost hybrid), cab style, and drivetrain (4x2 vs. 4x4).

Even though the 2023 F-150 is still fairly new, some issues could arise, depending on how the previous owner treated it. Here are a few things to be aware of:

• Transmission Issues: Some owners have reported occasional hard shifts or jerky acceleration, especially in the 10-speed automatic. Test drive it and pay attention to how it shifts.
• Battery & Electrical Problems: Some early models in this generation had issues with the truck’s electrical system, causing random warning lights or power loss.
• Rust Concerns: Even on a newer model, check underneath for rust, especially if it’s from a snowy region where road salt is common.
• Hybrid Model Concerns: The PowerBoost hybrid has great power, but some have reported early battery degradation. If you’re looking at a hybrid, check for warranty coverage on the battery.

If you’re looking for a truck that’s tough, tech-savvy, and nearly new, a used 2023 Ford F-150 is a great choice. You’ll save money compared to buying new while still getting a truck packed with modern features. Just be sure to do your research, inspect the truck carefully, and negotiate the best deal possible. Whether you go for a basic work truck or a high-end Raptor, a well-maintained F-150 will serve you well for years to come find yours on Autofinder.com.