2022 Ford F-150: Total Ownership Cost for Indiana Buyers

The Ford F-150 consistently ranks as the best-selling vehicle in Indiana, and the 2022 model year added significant technology and powertrain options including the PowerBoost hybrid system. For buyers considering a used 2022 F-150, engine choice and intended use have a major impact on total ownership cost.

Purchase Price Range

Used 2022 F-150s in Indiana span a wide price range from approximately $32,000 for base XL configurations to $55,000 or more for fully loaded Limited or Raptor trims. The most common used configurations in Indiana are XLT and Lariat SuperCrew models with 2.7-liter engines, typically priced in the $38,000 to $46,000 range with 20,000 to 40,000 miles.

Fuel Cost

Engine choice drives fuel cost more than any other variable in F-150 ownership. The 2.7-liter EcoBoost averages 20 to 22 mpg combined in real-world Indiana use, costing approximately $1,900 to $2,100 per year at 12,000 miles. The 5.0-liter V8 averages 17 to 19 mpg, costing $2,200 to $2,500 per year. The PowerBoost hybrid averages 23 to 25 mpg, reducing annual fuel cost to $1,700 to $1,900.

Insurance Cost

F-150 insurance costs are higher than passenger cars and most SUVs due to the vehicle's higher replacement cost and repair complexity. Full coverage in Indiana typically runs $1,400 to $1,900 annually depending on trim, configuration, and ZIP code. SuperCrew configurations cost slightly more to insure than regular cab configurations.

Maintenance

The F-150 with the 2.7-liter EcoBoost requires attention to the turbocharged engine's intercooler and spark plug replacement intervals. Routine maintenance through 60,000 miles typically costs $1,200 to $1,800, higher than compact SUVs due to the larger drivetrain and four-wheel-drive service requirements. Aluminum body panels reduce rust concerns but increase repair costs after collision damage.

Depreciation and Resale

Trucks in general, and F-150s in particular, retain value better than most passenger vehicles. A 2022 F-150 is projected to retain approximately 60 to 65 percent of its value after three years, making it one of the stronger depreciation performers in the market. High demand for used trucks in Indiana keeps resale values elevated.