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My only real complaint from my 16XL was that it was so noisy compared to my current 16 XLT. I got used to everything else and didn't mind the truck at all. In fact, I'd be happy with one. The noise level is the only negative I see.
If only real interest is resale value, there is one F150 that retains more resale value percentage than all the others -- The Raptor.
I worked the numbers using KBB, CARS.com, CarSoup, eBay (BIN) and Craigslist ...
While certainly not 100% scientific, the Raptor only loses ~10% of its MSRP cost over a period of 2 years.
And yes - the cost of entry is substantially higher than that of any lower optioned truck..
If only real interest is resale value, there is one F150 that retains more resale value percentage than all the others -- The Raptor.
I worked the numbers using KBB, CARS.com, CarSoup, eBay (BIN) and Craigslist ...
While certainly not 100% scientific, the Raptor only loses ~10% of its MSRP cost over a period of 2 years.
And yes - the cost of entry is substantially higher than that of any lower optioned truck..
Then you have to add in the cost of carry an opportunity costs, so the XL will still probably win.
Cost of carry would be the costs associated with having the vehicle; plates, insurance, interest, maintenance ...
Opportunity Costs are those associated with having having money tied up so you can use it to buy lotto tickets.
To be fair, the OP was asking about an XL, so a Raptor probably doesn't interest him or isn't affordable.
BTW, The OP has not remarked since his original post.
Since the discussion went int othe resale values of the trucks.... There were numerous mentions of other trim levels before I mentioned the Raptor, but I get it...
I will say that finding XLs that have not been worked half to death and interior is shoddy condition might be a bit difficult. Most of the XLs that I've known were working trucks - including those that I've had (70's and 80's)...
Yeah, no doubt about it. You loose the least amount with a Raptor, but a base one is $50k or so.
An XL bought new and taken care should loose no more percentage of it's original cost than a higher trim level, and may actually hold a slightly higher percentage. The fancier trucks don't seem to age as well, and are more expensive to get back into presentable condition if they were used for work.
The only thing I wanted I couldn't get on an XLT was power folding mirrors so I added them to mine and a lot cheaper than buying a Lariat. On trucks this big, they should be an option on any trim package.
The lower cost trucks (XL, XLT) don't necessarily have bad resale value especially when a lot of them were bought at $8,000 to $10,000 off MSRP. It's almost impossible to get that off the Lariat and higher ends so the higher ends suffer from significantly worse resale value.
My 2012 XLT 4x4 SCREW was bought for $29k (down from $39k) and traded in a little over four years later for $23k. That's only $6,000. I might've gotten more if I sold it directly.