Well i traded in my 04 z71 ext cab for this thing. At first i was extremely impressed with the power the ecoboost had, especially over chevy's 5.3. Over time though (its been a year) I honestly wished that i kept my silverado. The advertised gas mileage is a croc. I barely get 19 out of it on the highway with cruise on. TX speed limit on most of the highways i travel is 75, and i barely can get over 18 with it. If you are looking at one with a 5.0 go with that, at least you know youre getting near your advertised mileage. The low end torque is great for pulling but its not that much different over the 5.0 honestly. The inside is roomy as well even in the back seat. This truck had a hefty price tag and i wouldnt buy one again unless it was used. I went back to an 05 sierra, the f150 wasn't worth the price to me.
I too was duped by the MPG that Ford so proudly advertised you'd get with the new Eco-Boost 3.5L engine. I have had mine a year. I have a friend who bought the 5.0 v8 F150 and his gas mileage is far better than mine. Makes me mad since I paid more $$ for this engine to get less MPG. I would not recommend this engine to anyone unless you were pulling something all the time.
Someone mentioned lights leaking, mine are also leaking and the visor mirror is in need of repair as the lid won't stay closed. Wish I would've listened to some of the reviews I read when I was buying this truck.
My advice is don't buy the chrome package either, it turns out its all plastic and hard to keep clean.
Bought a 2012 F150 Lariat with 80K miles on it. It now has 90K miles on it and I'm getting rid of it and here's why.... Pro's: very comfortable ride, plenty of power when not having issues, lots of storage space and rear seat space, interior quality is nice. Cons': the ecoboost engine has been getting worse and worse gas mileage the more I drive it. I get about 12.5 mpg city and 18 hwy. As mentioned by several others, it has a serious lag problem when you go to accelerate past a vehicle. First time I had this happen I was traveling up a hill trying to pass a semi truck. The vehicle felt like it was going to shake apart and seems like the transmission is complete junk. Now I've been getting a horrible humming noise any time there's rain or snow at slow speeds and while slowing down. I've had 4 mechanics including ford look at it...I keep getting "we've never heard anything like this before." Ford has been useless in finding a solution to the issue. As nice as the truck looks and rides, it's not worth the engine/transmission issues it will give you. I'd look at at GMC in the same price range.
Just my opinion from my experience,
I have 29K miles on my 2012 F150 XLT 4X4 Super Crew 5.0 and so far am not impressed with the quality. Between the wind noise, rattles, engine ticking,and knocking along with oil consumption issues there is no way in the world I would do the F150 5.0 over again.
Google 5.0 Coyote knocking or ticking.
And check out any Ford truck and F150 forums online and look it up even the Mustang forums are lit up with concerns and complaints about the new 5.0's.
I been wanting to get a F150 for a long time but now that Im here Im going back to a Tundra as soon as I can.
Again this is just my personal opinion/experience.
This truck is amazing in all ways you would need a truck. I have owned or driven just about all the different brands and let me tell you nothing beats this F-150. I have had 90,000 trouble free miles out of my ecoboost. Most people that complain about mpg's do not understand the point of this engine. It pulls like no other 1/2 ton on the road today. There are many compairson videos avalible. The hemi,chevy 6.2 are no match to the low end at a lower rpm. If driven right you can get above the mpg listed with an empty truck and not towing. No other crew cab has near the room this truck does. With the flat floor and the rear seats up, you have a very large space to haul inside the cab. Awesome