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’ve got a couple of approach to drive residence an F-150 Lightning with out breaking the financial institution.

In the event you suppose electrical vans are exorbitant and unobtainable, effectively… suppose once more.

Certain, the perfect lease and financing offers are largely 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 Customary Vary for simply $339 per thirty days for 36 months, with $6,629 due at signing, in response to Ford’s web site. Which means Ford has halved the lease costs from final month when the F-150 Lightning value 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 cost is even decrease than the hybrid Maverick, which prices about $400 per thirty days to lease. (Though it is downpayment is way decrease, however you get the purpose, proper?) It is price noting that lease costs range regionally and you will 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 costs. 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’ll be able to lease larger trim ranges and the Prolonged Vary battery pack with 320 miles of EPA-estimated vary, however these will value extra. It is best to test together with your nearest seller for correct costs on these. And you may as well finance one for 0% APR for 60 months.

Ford can also be providing a complimentary Degree 2 residence charger and normal set up whenever 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 means 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 value 1000’s of {dollars}, relying in your location. Plus 80% of EV charging occurs at residence, in response to the U.S. Division of Vitality, so it is sensible when EVs are bundled with chargers identical to our computer systems.

Nonetheless, to benefit from the lease supply, you will 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 probably 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 Car Heart in Michigan the place the truck is manufactured.

Bear 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 dealing with rising competitors from the Tesla Cybertruck, which has turn out to be 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 had 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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