Ford F-150 Lightning Lease Value Hits A File Low

• Ford F-150 Lightning leases value has hit a brand new low.
• The electrical truck’s month-to-month cost is now decrease than the hybrid Maverick.
• There’s additionally a 0% APR financing choice, so you may have a couple of technique to drive residence an F-150 Lightning with out breaking the financial institution.

If you happen to assume electrical vehicles are exorbitant and unobtainable, nicely… assume once more.

Certain, the most effective lease and financing offers are principally for crossovers and mid-size SUVs. The Nissan Ariya and Hyundai Ioniq 5 have persistently topped that listing. However Ford simply dropped a bombshell of a lease deal on the F-150 Lightning and it now prices lower than your wildest guess.  

Now you can lease a 2024 F-150 Lightning XLT Customary Vary for simply $339 monthly for 36 months, with $6,629 due at signing, in line with Ford’s web site. Which means Ford has halved the lease costs from final month when the F-150 Lightning price over $700 monthly to lease. 

It now prices virtually the identical because the Mustang Mach-E to lease and its month-to-month cost is even decrease than the hybrid Maverick, which prices about $400 monthly to lease. (Though it is downpayment is way decrease, however you get the purpose, proper?) It is price noting that lease costs fluctuate regionally and you’ll have to enter your zip code to seek out extra correct choices. 

The XLT Customary Vary has an MSRP of $63,000 earlier than incentives, taxes and charges. Its 98 kilowatt-hour battery delivers 240 miles of EPA-estimated vary. It comes with normal all-wheel drive and a mixed output of 452 horsepower and 775 pound-feet of torque. 

In fact, you possibly can lease increased trim ranges and the Prolonged Vary battery pack with 320 miles of EPA-estimated vary, however these will price extra. It is best to examine together with your nearest supplier for correct costs on these. And it’s also possible to finance one for 0% APR for 60 months.

Ford can also be providing a complimentary Stage 2 residence charger and normal set up if you purchase or lease a Mach-E or a Lightning, in order that makes this supply much more particular. The free chargers can be found by June 2025. 

This is identical complimentary charging program Ford introduced again in September to handle charging anxieties, that are an enormous barrier to broader EV adoption. House chargers with set up can price hundreds of {dollars}, relying in your location. Plus 80% of EV charging occurs at residence, in line with the U.S. Division of Power, so it is smart when EVs are bundled with chargers similar to our computer systems.

Nonetheless, to make the most of the lease supply, you’ll have to make a transfer earlier than the top of the 12 months. Patrons have till Jan. 1, 2025, to take supply from a licensed supplier’s stock.

Ford dealerships have been struggling to get these off the tons, which seemingly led Ford to halt its manufacturing for seven weeks beginning mid-November to January. Ford additionally beforehand scaled again its manufacturing targets and slashed two-thirds of the workforce on the Rouge Electrical Automobile Heart in Michigan the place the truck is manufactured.

Keep in mind, this is identical EV that was, till just lately, the best-selling electrical truck within the U.S. Now, nevertheless, it is going through rising competitors from the Tesla Cybertruck, which has turn into America’s top-selling electrical truck and the third best-selling EV total.

Nonetheless, the F-150 Lightning has earned rave evaluations and isn’t precisely struggling—its gross sales have been up 86% year-over-year within the third quarter. It’s simply that demand hasn’t matched Ford’s preliminary expectations.

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