The oil life monitor in your Bronco is using the low-mileage annual oil change parameter vs. the mileage accumulated algorithm. My personal opinion based on my experience and practice with other brands, is changing the oil at 3,000 miles based on 12-month interval is a waste of money and petroleum resources. Modern engines using modern engine oils and good oil filters along with top-tier gasoline brands easily handle 10,000-mile oil changes. I had one car that went 426,000 miles on the original engine with a average 12,300-mile oil change interval (I just lost it in an unexpected flood event at my house). Other cars I own also are driven well under 5,000 miles per year and I change the oil in them every 18 to 24 months mostly around every 7,500 miles of accumulation. The cars I am referencing are 17 years old with 124,000 miles (bought used at 8 years old/23,000 miles), and 28 years old with 200,000 miles (bought new in 1997).
However, to preserve the 60,000-mile/5-year drivetrain warranty, I suggest following Ford's oil life change schedule as notified by the monitor in the Bronco. I follow the notification change schedule as reported by my Bronco, which is the low mileage 12-month notification and is about 5,200 miles (my annual mileage). Definitely use oil and filters that meet Ford's specifications.
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