I have a '92 4x4 F150 custom, 4.9L (inline 6), standard transmission, regular cab, that was only worth about 3000USD blue book a couple years ago. I have 185,000 on it and have pulled 24' tri-axle flatbed with a LIGHT load of equipment. Driving what I consider a safe speed for such a small pickup, I get about 12 mpg at around 50 mph in 4th. Also have pulled a light built cattle/horse 20' gooseneck. I was able to pull this up to 70 mph in 4th getting around 11 mpg. It is a good strong engine. It does like its fuel, and won't go very fast, but it will get the job done. I won't sell mine, as was my first new vehicle, and is worth more to me then it is to anyone else. However, if you want a good puller for cheap price that is what I'd look for. I will agree a chevy 4.3 v-6 will pull faster, but it will drop down to 10 mpg or worse. My '92 out pulls (mpg wise) then my brother's '99 chevy 4.3 1500 2 wheel drive automatic. Have a cousin that has a 92 4x4 1500 with 4.3 with 350,000+ miles and has pulled a lot of farm equipment/trailers. Has standard transmission, short box, and extended cab. I still beat him in mileage when pulling. Now I have F350 6.0L diesel, dually, manual 5 speed,long box extended cab, 4x4...pulling same 20' gooseneck, get 12 mpg when empty...better when loaded. But, lot nicer to drive...less stress on long trips.
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