2023 Ford F-150 Raptor R: Used Market Value In 2024

Summary

• The Ford F-150 Raptor R is a powerful off-road truck with a supercharged V-8 engine & top-notch off-road equipment.
• Surprisingly, a used 2023 Raptor R costs more than a new 2024 model due to market demands and limited availability.
• The 2024 Raptor R boasts updated styling, a more powerful engine, and new features, making it a more attractive choice.

When it comes to off-road trucks, Ford has been a pioneer in modern times, leading the way in the states with years of experience. Their Ford F-150 has served as the perfect platform to build the ultimate off-road vehicle, with the Raptor R model serving as the best possible buy.

The Raptor R is much more expensive than the base model, granted it does come with a ton of off-road equipment and a hyper-powerful supercharged V-8. If you’re looking to score a bargain, you may be looking at the value of a 2023 model year, hoping to shave a few thousand dollars off of the price.

Dissecting the cost of the 2023 Ford F-150 Raptor R, we uncover its value proposition. We explain what you get on a Raptor R, from its powertrain to its interior features, and we compare the outgoing model to the upcoming 2024 version.

In order to give you the most up-to-date and accurate information possible, the data used to compile this article was sourced from Ford websites and other authoritative sources, including CarBuzz, HotCars, and FuelEconomy.gov.

The Used Value Of The 2023 Ford F-150 Raptor R Sits Tens Of Thousands Above The MSRP Of The 2024 Model

One would think that buying an older model that has been lightly used would mean that you’re paying less than what a new model would cost. Strangely, this doesn’t seem to be the case with the F-150 Raptor R, and 2023 models on the used market actually cost more than new 2024 models.

2023 F-150 Raptor R Prices

(Source: Edmunds and Ford)

Normally, when you try and decipher the value of used older model cars, there are some pretty straightforward things you can expect. Older models are cheaper than newer models and used models bring the price down even further. Things aren’t as simple in the case of the F-150 Raptor R. CarBuzz explains the pricing of the 2023 Raptor and Raptor R, but the used market confuses our expectations.

The most expensive model you can buy, according to prices on Ford’s inventory pages and Edmunds’ new and used library, is the 2023 Raptor R. We acknowledge that the prices on Ford’s inventory search might exclude some sneaky dealership charges, but the difference between the models is not small by any means. On Edmunds, the average valuation of a new 2023 Raptor R is also somehow cheaper than a used Raptor R.

Why Is The 2023 Raptor R Cheaper

If we’re honest, we can only speculate. The F-150 Raptor received a bunch of updates for the 2024 model year that, in our eyes, make it objectively better. On top of that, the fact that used Raptor R’s are more expensive than new ones is also boggling.

However, when searching for Ford’s inventory of Raptor R stock, we noticed that there weren’t all that many examples out there. On Edmunds, the story is the same, with no 2024 models listed and only five new 2023 models listed. Used sellers may be taking advantage of a lack of new examples to put a markup on their trucks. It’s also important to know that you can fit your Raptor R with a ton of extra equipment and this will raise the price substantially, so some used models will be more expensive to buy.

A 700 Horsepower Makes The F-150 Raptor R An Absolute Beast

To understand the value of the Raptor R, it’s important to know what you get for your money. To start with, we look under the hood of the 2023 F-150 Raptor R and find a brilliant V-8 outputting tons of power.

Performance

(Source: Ford)

While the regular Raptor makes do with an Ecoboost V-6, the Raptor R grabs a powertrain from Shelby America, a supercharged V-8. This massive engine produces a ton of power and pairs nicely with a paddle-shifting automatic transmission and a brilliantly crafted four-wheel drive system.

For a midsize truck that is specifically designed for hitting off-road trails, the Raptor R also manages to achieve a brilliant towing and payload rating. This may not hit the five-digit figure that full-size trucks are capable of, but it will be more than enough for most people.

Fuel Economy

(Source: Fuel Economy.gov)

We don’t think anyone would be naive enough to think that a supercharged V-8 in a nearly three-ton truck would have excellent fuel economy. The Raptor R is a massive gas guzzler, sitting among some of the least economical cars on the market. However, its 36-gallon fuel tank means that at least you won’t be filling up after every trip.

It’s important to note that the cheapest examples of the F-150 Raptor R on Edmunds have stacked some miles on them, with some having already done 50,000 miles. While this isn’t a ton, it will have affected the economy of the car and your real-world efficiency might be affected.

Ford’s Off-Road Pickup Has The Chops And Equipment To Take On Any Challenge

Let’s get to the meat and potatoes. If you’re looking to purchase an F-150 Raptor R, then the most important thing to you is off-road capability. Ford has absolutely stacked the Raptor R with as much off-road technology as it can fit, making it one of the most complete out-of-the-box trail-hunting trucks you can buy.

Off-Road Equipment

With great power comes great equipment. While the V-8 in the Raptor R is fantastic, it doesn’t stand alone as the only impressive thing on the truck. To start, the Raptor rides on a brilliant suspension system that features a five-link rear coil-spring system and larger internal bypass dampers.

Raptor R graphics and badging aren’t the only things the package gets you. The ultimate off-road truck enjoys 13.1 inches of ground clearance thanks to its 37-inch BFGoodrich All-Terrain tires. Adaptive Fox shock absorbers, several terrain driving modes, an off-road suspension system, and a locking rear differential are some of the other key things you’ll find in the Raptor R.

A Rugged Interior

The massive price you pay for the Raptor R package doesn’t just net you additional exterior equipment for off-roading. The interior is fully kitted out, and you get access to a 12.0-inch digital gauge cluster and a more spacious interior with higher-quality materials.

On your Raptor R be sure to see what additional extras have been added to the truck. A carbon fiber package becomes available when you select the Raptor R package and this can add a ton of cool trim to your interior.

Ford Has Made Some Changes To The Raptor R For 2024 That Might Make It The Better Choice

The Ford F-150 received some major updates for the 2024 model year. That means that the Raptor R was refreshed as well. While it still uses the same underpinnings it always had, there are some big things that may make the 2024 Raptor R more attractive than the outgoing model, regardless of price.

Updated Styling

Visually, the Raptor R has taken on a new front fascia, with updates to the headlights and the grille which make it look more aggressive and more modern. According to HotCars, the Raptor R gets access to new features such as new bumper caps if equipped with 37-inch tires, which the Raptor R is. These bumper caps supposedly increase capability, according to Ford.

Even More Powerful

The biggest and most exciting change to the Raptor R is under the hood. TopSpeed’s own Lyndon Conrad Bell drove the new Raptor R and has plenty of praise for the off-roader. The supercharged V-8 was already impressive in the 2023 model year, but the 2024 model has become even more powerful. Ford has managed to squeeze out an additional 20 horsepower, while torque stays the same. This helps increase towing capacity up to 8,700 pounds.

Another new piece of equipment that the Raptor R gets access to is the new Fox Dual Live Valve shocks with continuously variable rebound control. The engineers at Ford Performance promise that this will use smarter technology to give the Raptor R a smoother ride regardless of the terrain.