Used 2023 Ford F-150 for Sale nearMemphis, TN

How much does the 2023 Ford F-150 cost?

Prices have softened 5.51% compared to this time last year, making it a favorable time to shop this model year.

There are 26,328 listings available, which suggests you should have a healthy range of choices.

Is the 2023 Ford F-150 a good car?

Yes — the 2023 Ford F-150 earns a 4.9/5 user rating and an 8/10 expert rating. The standout strength is Technology at 9/10.

Owners consistently praise its powerful performance, smooth ride, and modern features like the large touchscreen and advanced safety tech. The expert review also points to class-leading towing and payload, impressive technology, and great safety ratings. For you, that means this truck fits especially well if you want a full-size pickup that can handle work duties while still feeling modern and easy to live with.

The main trade-offs are poor fuel economy with the 3.5-liter EcoBoost V6, ride quality that can be an issue on the test truck, and some interior materials that feel cheap. Even so, the overall package is broad enough to suit shoppers who want capability first, with enough tech and comfort to make daily use easier. Good and great deals account for 34.7% of listings, which is a decent sign of market flexibility.

Is the 2023 Ford F-150 reliable?

Owners rate it 4.9/5, a strong signal of long-term satisfaction.

The owner feedback points to a truck that feels powerful, smooth, and modern, while also being easy to count on for everyday use. The expert evaluation adds that the drivetrain delivers effortless acceleration and that the truck feels structurally solid, which supports confidence in long-term dependability. Ford also includes useful ownership-friendly tech such as over-the-air software updates for Sync 4.

For used buyers, the main long-term risk is less about the core concept and more about finding a well-kept example with the right equipment and maintenance history.

What should I look for when buying a used 2023 Ford F-150?

Accident-free inventory is solid at 89.6% — always verify the vehicle history report.

You should still check the history report carefully, because a clean listing percentage does not replace a proper records review. Prioritize a pre-purchase inspection that focuses on the truck’s condition, especially if it has towing, off-road, or heavy-use equipment. Pay close attention to how the cabin, suspension, and technology systems have held up, since those are the areas most likely to affect your day-to-day experience.

Key things to evaluate:

• Trim level: The lineup spans regular, Super Cab, and SuperCrew body styles, with eight core trims ranging from XL to Raptor R. The XLT Heritage Edition adds two-tone paint, unique cloth seat inserts, and exclusive 75 Years interior details, while the base work-truck end of the range is much simpler.
• Powertrain: The F-150 offers numerous engine options, including the optional twin-turbocharged 3.5-liter EcoBoost V6 in the test truck. It delivers effortless acceleration through a 10-speed automatic transmission, and the truck can be configured with four-wheel drive and a two-speed transfer case.
• Safety package: Ford Co-Pilot360 Assist 2.0 bundles automatic high beams, forward collision warning with pedestrian detection, automatic emergency braking, lane-departure warning, lane-keeping assist, blind-spot monitoring, rear cross-traffic alert, rear parking sensors, and automatic reverse braking. The Assist portion adds adaptive cruise control with stop-and-go, lane-centering assist, evasive steering assist, intersection assist for left turns, and speed-sign recognition.
• Infotainment: Sync 4 brings a 12-inch touchscreen, wireless Apple CarPlay and Android Auto, over-the-air software updates, enhanced voice recognition, SiriusXM 360L, and FordPass Connect with a 4G LTE Wi-Fi hotspot.
• Fuel efficiency: The expert review says the test truck averaged 17 mpg on its loop, while EPA combined driving was expected to return 19 mpg.

Which 2023 Ford F-150 trim should I buy?

The 2023 Ford F-150 is offered in 8 trim levels: XL, XLT, XLT Heritage Edition, Lariat, Tremor, King Ranch, Platinum, and Raptor R.

Here's the short version:

• XL: This is the work-truck starting point, so it makes the most sense if you want the lowest-cost path into the F-150 and do not need the extra comfort or tech found higher up.
• XLT: This is the best-value trim because it adds Sync 4 with a 12-inch touchscreen, wireless Apple CarPlay and Android Auto, and Ford Co-Pilot360 Assist 2.0 while staying more attainable than the upper trims.
• XLT Heritage Edition: Choose this if you want the XLT’s value with extra style, including two-tone paint, unique cloth seat inserts, and exclusive 75 Years interior details.
• Lariat: This is the step-up choice if you want more comfort and the option to access an adaptive damping suspension, which can help address the ride-quality trade-off noted in testing.
• Tremor: Pick this if you want a more rugged setup and the kind of hardware that supports tougher use, rather than just appearance upgrades.
• King Ranch: This suits you if you want a more upscale, premium-feeling truck with a stronger luxury lean.
• Platinum: This is the right pick if you want one of the most upscale versions of the F-150 and are willing to pay for it.
• Raptor R: This is the extreme performance choice, with a supercharged 5.2-liter V8, 700 horsepower, 640 pound-feet of torque, R-tuned Fox live-valve shocks, and standard 37-inch all-terrain tires.

Ford Co-Pilot360 Assist 2.0 is the key safety package to look for, and the test truck’s surround-view camera is especially useful when parking.

Is now a good time to buy a used 2023 Ford F-150?

This is a moderate market for selective buyers, with enough inventory to shop carefully and enough pricing softness to reward patience.

• Deal availability: 34.7% of listings are priced as good or great deals.
• Inventory: There are 26,328 listings available.
• Price trend: Prices have softened 5.51% compared with last year.
• Clean inventory: 89.6% of listings are accident-free.

If you find a listing below $40,658, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Ford F-150's resale value?

The current average of $40,658 sits slightly below last year's $43,027.

That price movement suggests the market has cooled enough to give you more negotiating room now, but it also means future sellers may not see the same pricing strength they did a year ago. If you buy well and keep the truck in strong condition, you should be better positioned to preserve value than someone who overpays today. The broad appeal of the F-150 helps support demand, especially for well-equipped examples.

Vehicles with strong owner satisfaction ratings, like this model year's 4.9/5, tend to retain buyer demand, which supports resale value over time.

Is the 2023 Ford F-150 safe?

The F-150 earns high marks from the Insurance Institute for Highway Safety (IIHS) and nothing but five-star ratings from the National Highway Traffic Safety Administration (NHTSA), coupled with a four-star rollover resistance rating.

It earns an 8/10 safety score from our experts.

Ford Co-Pilot360 Assist 2.0 is the named driver-assistance suite, and it includes automatic high-beam headlights, forward collision warning with pedestrian detection, automatic emergency braking, lane-departure warning, lane-keeping assist, blind-spot monitoring, rear cross-traffic alert, rear parking sensors, automatic reverse braking, adaptive cruise control with stop-and-go, lane-centering assist, evasive steering assist, intersection assist for left turns, and speed-sign recognition. The test truck’s surround-view camera is also especially helpful when parking.

One caveat from testing is that lane assist can be overly assertive in some curves and may tug at the wheel more than you want.

Should I buy a 2023 Ford F-150 or consider a different year?

If you're weighing the 2023 against nearby model years, here's how to think about it:

Choose the 2023 if:

• 34.7% of listings are priced as good or great deals.
• Accident-free inventory is solid at 89.6% — always verify the vehicle history report.
• Price trend: Prices have softened 5.51% compared with last year.
• Owners rate it 4.9/5 — a strong satisfaction signal.
• This year adds the Raptor R and XLT Heritage Edition, expanding both performance and value-focused choices.

Consider the 2024 if:

• At $44,752, the 2024 costs more than the current year's $40,658 average.
• It adds an updated Blue Cruise system and more available interior technology.

The bottom line: If you want the better value, the 2023 is the smarter buy because pricing has softened and inventory is healthy. If you want the newer updates and do not mind paying more, the 2024 is the cleaner upgrade path.

How does the 2023 Ford F-150 compare to the 2023 Chevrolet Silverado 1500?

Expert Pros & Cons (per CarGurus review team)

2023 Ford F-150:

• Pros: Class-leading towing and payload ratings, Impressive technology, Great safety ratings.
• Cons: Poor fuel economy (3.5-liter EcoBoost V6), Poor ride quality (specific to test truck), Some interior materials feel cheap.

2023 Chevrolet Silverado 1500:

• Pros: Easy-to-use technology, Powerful engine options, Tons of cabin space.
• Cons: Rough ride compared to rivals, Polarizing front-end styling, Steering feels numb at times.

Our experts score the 2023 Ford F-150 8/10 and the 2023 Chevrolet Silverado 1500 8.7/10. The F-150 stands out for towing, payload, and safety, while the Silverado leans on easier tech, strong engines, and a roomier cabin. If you care most about capability and safety, the Ford makes a strong case; if you want the higher-scoring truck with more cabin space, the Chevrolet has the edge.

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.