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I just picked up a F250 4x4 V10 about two weeks ago. I have already towed with it and I can tell you it made all the difference in the world compared to my 98 5.4 V8 that I had. If your towing at all Diesel is perfect but like you the price tage was just not in my budget..........stick with the V10, you'll be glad you did!
The msrp for the 2004 was $35700.....invoice is around $31500 minus $4500 in rebates would bring total to around $27000. I will definitly try buy it for $26000 though. I am not sure how far Ford has been going under invoice.
If you want to go with a gas motor the I would definitely go with the V10. If you want to do a lot of towing, or plan on keeping the truck for a long time, then you might consider the 6.0 l diesel.
Rezvani's Latest Post-Apocalyptic Monster Is a Ford F-150 Raptor Underneath
Slideshow: Called the Fortress, the 850-horsepower pickup combines Raptor underpinnings with military-inspired features, survival equipment, and a starting price of $285,000.