- Ford F-150 Lightning leases worth has hit a brand new low.
- The electrical truck’s month-to-month fee is now decrease than the hybrid Maverick.
- There’s additionally a 0% APR financing possibility, so you may have multiple approach to drive house an F-150 Lightning with out breaking the financial institution.
For those who assume electrical vehicles are exorbitant and unobtainable, properly… assume once more.
Positive, the very best lease and financing offers are principally for crossovers and mid-size SUVs. The Nissan Ariya and Hyundai Ioniq 5 have persistently topped that checklist. 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 Commonplace Vary for simply $339 per thirty days for 36 months, with $6,629 due at signing, in accordance with Ford’s web site. Which means Ford has halved the lease costs from final month when the F-150 Lightning price over $700 per thirty days to lease.
It now prices virtually the identical because the Mustang Mach-E to lease and its month-to-month fee is even decrease than the hybrid Maverick, which prices about $400 per thirty days to lease. (Though the Maverick’s downpayment is way decrease, however you get the purpose, proper?) It is value noting that lease costs range regionally and you might have to enter your zip code to search out extra correct choices.
The XLT Commonplace Vary has an MSRP of $63,000 earlier than incentives, taxes and costs. Its 98 kilowatt-hour battery delivers 240 miles of EPA-estimated vary. It comes with commonplace all-wheel drive and a mixed output of 452 horsepower and 775 pound-feet of torque.
After all, you’ll be able to 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 along with your nearest seller for correct costs on these. And you can too finance one for 0% APR for 60 months.
Ford can also be providing a complimentary Stage 2 house charger and commonplace set up while 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 way of June 2025.
This is similar complimentary charging program Ford introduced again in September to handle charging anxieties, that are an enormous barrier to broader EV adoption. Residence chargers with set up can price hundreds of {dollars}, relying in your location. Plus 80% of EV charging occurs at house, in accordance with the U.S. Division of Power, so it is smart when EVs are bundled with chargers similar to our computer systems.
Nevertheless, to make the most of the lease supply, you might have to make a transfer earlier than the tip of the yr. Consumers have till Jan. 1, 2025, to take supply from a licensed seller’s stock.
Ford dealerships have been struggling to get these off the heaps, which doubtless 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 Middle in Michigan the place the truck is manufactured.
Keep in mind, this is similar EV that was, till not too long ago, the best-selling electrical truck within the U.S. Now, nevertheless, it is going through rising competitors from the Tesla Cybertruck, which has develop into America’s top-selling electrical truck and the third best-selling EV general.
Nonetheless, the F-150 Lightning has earned rave critiques 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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