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The 2001 Ford F-150 needs Mercon MTF 4r100 transmission fluid and it can hold around 14 quarts. Transmission fluid, like oil, is a lubricant that ensures the transmission's components are protected from heat. The cost to change the transmission fluid on your F-150 is typically between $110 and $140 for labor and $110 for parts. It's recommended to change the transmission fluid every 60,000 miles. Signs that it's time for a change include a grinding noise from the transmission, difficulty shifting gears, slipperiness during shifts, sudden unexpected surges, and a delay in movement after shifting into gear.
In the owner's manual of the Ford F150 with a manual transmission, it advises using a transmission fluid known as Mercon MTF 4R100.