In “my” experience, I bought a ‘01 F150 in ‘04 and paid $16.8k for it. It had 38k miles on it when I bought it.
It now has 225k miles on it and runs like it’s new. Yea, I’ve replaced parts here and there but they wore out. It’s to be expected. The engine, 5.4L V8, purrs.
I’m so confident in it I just put 80k mile tires on it and I’ll drive it until the wheels fall off.
I bought my first F250 4x4 7.3 Diesel in 1993 (plain jane model without all of the luxury velour interior). Paid $16,300 brand new. The were asking $24,000 for the Ranger XLT packages (used to be the top of the line models) but I came across an ad from a Portland, Oregon Ford dealer for a $21,000 the same fancy models. I went in to my local dealer and asked for a comparable price on the truck I wanted they were listing for $21,000 and they about choked.
My final price of $16,300 included lifetime lube, oil, and filter changes. They quit doing that because they forgot to figure in the 12 quarts of oil every 3,000 miles was costing them big money.