Ford F-150 Lightning Lease Value Hits A Document Low

• Ford F-150 Lightning leases worth 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 possibility, so you may have multiple method to drive house an F-150 Lightning with out breaking the financial institution.

In case you suppose electrical vehicles are exorbitant and unobtainable, properly… suppose once more.

Positive, one of the best lease and financing offers are principally for crossovers and mid-size SUVs. The Nissan Ariya and Hyundai Ioniq 5 have constantly 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 Normal Vary for simply $339 per thirty days for 36 months, with $6,629 due at signing, based on 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 the Maverick’s downpayment is much decrease, however you get the purpose, proper?) It is value noting that lease costs range regionally and you’ll have to enter your zip code to seek out extra correct choices. 

The XLT Normal 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 commonplace all-wheel drive and a mixed output of 452 horsepower and 775 pound-feet of torque. 

In fact, you possibly can lease greater trim ranges and the Prolonged Vary battery pack with 320 miles of EPA-estimated vary, however these will value extra. It is best to verify 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 be providing a complimentary Stage 2 house charger and commonplace 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 way of 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 value 1000’s of {dollars}, relying in your location. Plus 80% of EV charging occurs at house, based on 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’ll have to make a transfer earlier than the tip of the yr. Patrons have till Jan. 1, 2025, to take supply from a certified 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 not too long ago, the best-selling electrical truck within the U.S. Now, nonetheless, it is dealing with rising competitors from the Tesla Cybertruck, which has grow 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 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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