2021 Ford F-150 Buyer's Guide: Engines, Trims & Fair Prices

The 14th-Generation F-150: America's Truck Reimagined

The 2021 Ford F-150 represents the most significant update to America's best-selling vehicle in decades. This 14th-generation redesign brought a revolutionary interior with available work surfaces, a hybrid powertrain, over-the-air updates, and premium features previously reserved for luxury vehicles. The result is a truck that can genuinely serve as both work tool and luxury transportation.

We analyzed 1,400 listings nationwide to identify fair pricing and common issues. Four years of ownership data reveals which configurations offer the best value and which issues to watch for. The 2021 F-150 remains excellent but commands premium pricing reflecting Ford's dominance in the truck market.

Engine Options: Five Choices

Ford offered five engines in the 2021 F-150, each serving different needs. Understanding the trade-offs helps identify the right powerplant for your use case.

3.3L Ti-VCT V6 (290 hp)

The base engine is a naturally-aspirated V6 found primarily in XL work trucks. At 290 hp and 265 lb-ft, it handles light-duty tasks but struggles with heavy loads. Fuel economy averages 20 MPG. Only consider this engine for basic work truck use where cost is primary.

2.7L EcoBoost V6 (325 hp) - Best Value

The 2.7L twin-turbo V6 delivers 325 hp and 400 lb-ft of torque—more torque than the 5.0L V8—while achieving 23 MPG combined. It tows up to 9,000 lbs and accelerates briskly. This engine offers the best balance of performance, efficiency, and capability for most buyers. It's standard on XLT and Lariat.

The 2.7L has documented cam phaser issues causing ticking noise, particularly when cold. Ford has released service bulletins addressing this. Verify any 2.7L has had relevant service completed and listen carefully during cold-start test drives.

5.0L Coyote V8 (400 hp)

The 5.0L naturally-aspirated V8 appeals to traditionalists who want a V8 sound and simplicity. At 400 hp and 410 lb-ft, it's powerful but actually produces less torque than the 3.5L EcoBoost. Fuel economy drops to 19 MPG. Choose this if you specifically want V8 character or distrust turbocharging—otherwise, the EcoBoost options are superior.

3.5L EcoBoost V6 (400 hp)

The 3.5L twin-turbo V6 is Ford's workhorse engine, producing 400 hp and 500 lb-ft of torque. It tows up to 12,700 lbs (properly equipped) and accelerates with authority. Fuel economy averages 21 MPG. This is the engine for heavy towing and maximum capability. Standard on King Ranch and Platinum.

3.5L PowerBoost Hybrid (430 hp)

The PowerBoost pairs the 3.5L EcoBoost with a 47-hp electric motor for 430 hp and 570 lb-ft—the most powerful non-Raptor F-150. It achieves 24 MPG combined (best in class) while enabling Pro Power Onboard generator capability. The hybrid system has proven reliable and adds substantial capability. Worth the premium for most buyers.

Trim Analysis

XL: Work Truck Foundation

The XL is a capable work truck with an 8-inch screen, vinyl seats, and basic equipment. It's not uncomfortable but lacks the features that make the 2021 generation special. Best for fleet use or buyers who genuinely need a tool rather than a daily driver.

XLT: The Value Champion

The XLT is where the 2021 F-150 becomes impressive. The 12-inch touchscreen, SYNC 4, power seats, and available Sport Appearance Package create a compelling package. Most options are available, including the 302A equipment group with heated seats and many luxury features. For value-focused buyers, a well-equipped XLT beats a base Lariat.

Lariat: The Sweet Spot

Lariat adds leather seats, heated/cooled front seats, and additional interior refinement. The 501A equipment group adds B&O audio, massaging seats, and more. For buyers who want genuine luxury without paying King Ranch/Platinum prices, the Lariat 501A is the answer. This is the volume configuration for good reason.

King Ranch and Platinum: Full Luxury

King Ranch offers unique western-themed leather and heritage styling. Platinum goes full luxury with the best materials and most features. Both include the 3.5L EcoBoost standard. Used prices remain elevated at $50,000-$60,000, approaching new vehicle territory. Only consider if you specifically want these configurations—Lariat offers 90% of the experience for significantly less.

Current Market Pricing

F-150 pricing remains strong despite four years of depreciation. The truck's utility, Ford's brand strength, and continued demand keep values elevated. Most inventory clusters between $38,000-$52,000 for XLT and Lariat models—representing 35-45% depreciation from original MSRP.

Reliability Analysis

The 2021 F-150's first-year status means some issues emerged that were addressed in later production. Overall reliability is good but not exceptional. Understanding common issues helps identify well-maintained examples and negotiate appropriately.

Cam Phaser Issues (2.7L EcoBoost)

The 2.7L EcoBoost can develop cam phaser issues causing a ticking or knocking noise, particularly during cold starts. Ford released TSBs with updated phasers. Listen carefully during cold-start test drives. Repair costs $2,000-$3,500 if out of warranty. Many 2021 models have had this addressed.

Transmission Shudder

Some 2021 F-150s exhibit 10-speed automatic transmission shudder during light throttle acceleration, typically between 25-45 mph. Ford released transmission control module updates and fluid specifications addressing this. Test extensively in this speed range. If shudder is present, updates are usually covered under powertrain warranty.

Windshield Wiper Motor

Wiper motor failures have been reported, causing wipers to stop functioning. This is a safety concern in rain. Test wipers on all speeds. Replacement runs $400-$600 if out of warranty.

SYNC 4 Issues

The SYNC 4 system occasionally exhibits glitches, freezes, or connectivity issues. Over-the-air updates have addressed most software issues. Test all infotainment functions, especially Apple CarPlay/Android Auto and navigation.

Inspection Checklist

• Cold Start Test: Essential for 2.7L EcoBoost—listen for cam phaser ticking during first 30 seconds of cold start.
• Transmission Test: Drive at 25-45 mph with light throttle, checking for shudder or hunting between gears.
• Wiper Function: Test all wiper speeds and intervals.
• Infotainment: Pair your phone, test all connectivity features, verify screen responsiveness.
• Tailgate Function: Test power tailgate operation if equipped— these can develop issues.
• Pro Power Onboard: If hybrid, test the generator function with an actual load.

Ownership Costs

F-150 ownership costs are substantial but typical for full-size trucks:

Fuel: At 22 MPG average and 15,000 annual miles, expect $2,400-$2,800 in fuel costs. PowerBoost hybrid reduces this by $400-$600 annually.

Maintenance: Annual maintenance averages $700-$900. EcoBoost engines require premium oil and have turbo-related maintenance. The 5.0L V8 has simpler maintenance needs.

Insurance: Full-size truck insurance runs $1,400-$2,200 depending on coverage and driver profile. Higher trims cost more to insure.

Tires: F-150 tires run $200-$300 each for quality replacements. Budget $1,000-$1,400 per set every 50,000-60,000 miles.