Compression Ignition Addict
Join Date: Jun 2011
Location: Colorado Springs
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I think that warning is based on too low of pressure from the low pressure oil pump. As previously stated, check your oil level.
Possible causes are bad low pressure pump, obstructed pickup, bad pressure regulator, bad oil, low oil. Could aslo be a bad pressure sensor.
Considering you just bought it and is is not leaking vast amounts of oil, the dealer should correct any of these issues. However, if it is just low oil it would save you a bunch of time to just check it yourself.
If you are feeling ambitious, you could tee in a manual pressure gauge and observe the actual pressure.
2005 F-250 6.0L, crew cab, long bed 4x4
completed in 2011: STC update, new IPR, BPD EGR cooler, oil cooler rebuild, 6.4 banjo bolts, blue spring update, SCT X3, Insight CTS, 58V FICM, CCV Mod, DIY coolant filter (now gone), refinished turbo
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2012: ARP headstuds, OEM gaskets, standpipes and dummy plugs
2015: XDP coolant filter