I have a 2016 F150 with the 5.0. I purchased it in 2017 with 49K miles on it and I am just 50 miles short of hitting 150K miles. The truck came with a Limited Lifetime Powertrain Warranty (for as long as I own it) and I also had a Bumper to Bumper warranty that expired at 127K miles. I have taken great care of it and up until a few months ago the plan was to keep the truck long-term, drive it until my oldest son turns 16 (2030) and then it be his. To be honest, I have been happy with the truck until recently thinking about it all and the issues/repairs needed over the last 6 years I have owned it. If I didn't have the Bumper to Bumper warranty while I did, I don't know if I would have owned it past 2019 though.
Trans Rebuild in 2018 (2X) **Second time was on Ford's dime under their warranty (68K miles)
Trans Replacement / Driver Seat Heating Element Replaced in 2021 (116K miles)
Upper Radiator Hose / T-Connector / Drive and AC Belts Replaced in 2022
Water Pump / Idler / Steering Wheel Controls 2022
I looked back through those service receipts and without that Bumper to Bumper warranty, $10K+ would have been spent just on the trans rebuild and the trans replacement combined. Instead I only had to spend a $200 deductible each trip and that does take away a lot of sting and I guess why I wasn't really all that upset with the truck then.
The reason I am contemplating if it's time to trade now is it seems like the new issues are starting to add up.
1) Two oil changes ago I noticed the evidence of a seep at the back of the oil pan. My most recent oil change I just did last week I noticed it's become worse than a seep as oil is able to drip from the rear bolts on the pan, it's very wet down the back of the pan with some drips forming on the bottom, and the sway bar even has oil on it that is able to form drips. This is my third fill of High Milesage oil and I am assuming the gasket has failed and nothing can help it. Have only received one quote so far and it was estimated at $400. $60 for the gasket and the rest for 3.5 hours of labor as it requires removing the sway bar and disconnecting the front diff to drop the pan.
2) The VCT Solenoid Gaskets on both the driver and passenger sides have been progressively seeping worse and worse over the last year. When those eventually get bad enough to need replacing I'll have to decide on what to replace since I could be around 175K miles by that point. If I have the valve covers already off I should probably just consider replacing the VCT Solenoids and instead of purchasing gaskets, spend the extra $$ and just put new covers on since they come with the gaskets I would need otherwise. Of course from what I have researched, labor on all that wouldn't be cheap either.
The final thing is the only vehicle getting cheaper in value these days is mine. Estimated trade-in is down to $15-17K now. I really want to believe that by 2030 (when I had planned on needing to buy my next vehicle) new and used car/truck prices will have come back to reality, but I am worried that won't be the case.
So, help me think this over some more.
Would you guys stick it out and keep fixing what comes up? Or would you lean towards trading if finances allowed?
Any other high mileage 5.0 engine issues I should be watching/looking for?
Thanks in advance for any and all help and thoughts!
Trans Rebuild in 2018 (2X) **Second time was on Ford's dime under their warranty (68K miles)
Trans Replacement / Driver Seat Heating Element Replaced in 2021 (116K miles)
Upper Radiator Hose / T-Connector / Drive and AC Belts Replaced in 2022
Water Pump / Idler / Steering Wheel Controls 2022
I looked back through those service receipts and without that Bumper to Bumper warranty, $10K+ would have been spent just on the trans rebuild and the trans replacement combined. Instead I only had to spend a $200 deductible each trip and that does take away a lot of sting and I guess why I wasn't really all that upset with the truck then.
The reason I am contemplating if it's time to trade now is it seems like the new issues are starting to add up.
1) Two oil changes ago I noticed the evidence of a seep at the back of the oil pan. My most recent oil change I just did last week I noticed it's become worse than a seep as oil is able to drip from the rear bolts on the pan, it's very wet down the back of the pan with some drips forming on the bottom, and the sway bar even has oil on it that is able to form drips. This is my third fill of High Milesage oil and I am assuming the gasket has failed and nothing can help it. Have only received one quote so far and it was estimated at $400. $60 for the gasket and the rest for 3.5 hours of labor as it requires removing the sway bar and disconnecting the front diff to drop the pan.
2) The VCT Solenoid Gaskets on both the driver and passenger sides have been progressively seeping worse and worse over the last year. When those eventually get bad enough to need replacing I'll have to decide on what to replace since I could be around 175K miles by that point. If I have the valve covers already off I should probably just consider replacing the VCT Solenoids and instead of purchasing gaskets, spend the extra $$ and just put new covers on since they come with the gaskets I would need otherwise. Of course from what I have researched, labor on all that wouldn't be cheap either.
The final thing is the only vehicle getting cheaper in value these days is mine. Estimated trade-in is down to $15-17K now. I really want to believe that by 2030 (when I had planned on needing to buy my next vehicle) new and used car/truck prices will have come back to reality, but I am worried that won't be the case.
So, help me think this over some more.
Would you guys stick it out and keep fixing what comes up? Or would you lean towards trading if finances allowed?
Any other high mileage 5.0 engine issues I should be watching/looking for?
Thanks in advance for any and all help and thoughts!