Pros: Nice interior cab
Cons: The 4.8L is poor quality and design.
While you can get 150,000 miles on these models, you will need to invest at least $2,000-4,000 in repairs. At 50,000 miles nearly all the oil gaskets will begin to leak. The oil pan, valve cover and other gaskets begin to seep oil.
The 4.8L has more torque and HP than the older 5.0 but is less powerful and is sluggish compared to the 5.0. The defect with sparkplug blowout has gone unanswered by Ford.
It is a poorly designed engine in general.
I will have to start considering other pickup makes and models since I can trust Ford anymore.