Ford F-150 Lightning Lease Price Hits A Record Low

It now costs almost the same as the Mustang Mach-E to lease and its monthly payment is even lower than the hybrid Maverick.

Ford F-150 Lightning Monticello Off-Roading

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Suvrat Kothari

By: Suvrat Kothari

Nov 5, 2024 at 11:45am ET

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Ford F-150 Lightning leases price has hit a new low.
The electric truck's monthly payment is now lower than the hybrid Maverick.
There's also a 0% APR financing option, so you have more than one way to drive home an F-150 Lightning without breaking the bank.

If you think electric trucks are exorbitant and unobtainable, well... think again.

Sure, the best lease and financing deals are mostly for crossovers and mid-size SUVs. The Nissan Ariya and Hyundai Ioniq 5 have consistently topped that list. But Ford just dropped a bombshell of a lease deal on the F-150 Lightning and it now costs less than your wildest guess.

You can now lease a 2024 F-150 Lightning XLT Standard Range for just $339 per month for 36 months, with $6,629 due at signing, according to Ford's website. That means Ford has halved the lease prices from last month when the F-150 Lightning cost over $700 per month to lease.

It now costs almost the same as the Mustang Mach-E to lease and its monthly payment is even lower than the hybrid Maverick, which costs about $400 per month to lease. (Although the Maverick's downpayment is far lower, but you get the point, right?) It's worth noting that lease prices vary regionally and you may have to enter your zip code to find more accurate options.

Ford F-150 Lightning Monticello Off-Roading

The XLT Standard Range has an MSRP of $63,000 before incentives, taxes and fees. Its 98 kilowatt-hour battery delivers 240 miles of EPA-estimated range. It comes with standard all-wheel drive and a combined output of 452 horsepower and 775 pound-feet of torque.

Of course, you can lease higher trim levels and the Extended Range battery pack with 320 miles of EPA-estimated range, but those will cost more. It's best to check with your nearest dealer for accurate prices on those. And you can also finance one for 0% APR for 60 months.

Ford is also offering a complimentary Level 2 home charger and standard installation when you buy or lease a Mach-E or a Lightning, so that makes this offer even more special. The free chargers are available through June 2025.

This is the same complimentary charging program Ford announced back in September to address charging anxieties, which are a huge barrier to broader EV adoption. Home chargers with installation can cost thousands of dollars, depending on your location. Plus 80% of EV charging happens at home, according to the U.S. Department of Energy, so it makes sense when EVs are bundled with chargers just like our computers.

However, to take advantage of the lease offer, you may have to make a move before the end of the year. Buyers have until Jan. 1, 2025, to take delivery from an authorized dealer's inventory.

Ford dealerships have been struggling to get these off the lots, which likely led Ford to halt its production for seven weeks starting mid-November to January. Ford also previously scaled back its production targets and slashed two-thirds of the workforce at the Rouge Electric Vehicle Center in Michigan where the truck is manufactured.

Remember, this is the same EV that was, until recently, the best-selling electric truck in the U.S. Now, however, it's facing rising competition from the Tesla Cybertruck, which has become America’s top-selling electric truck and the third best-selling EV overall.

What do you think?

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Still, the F-150 Lightning has earned rave reviews and isn’t exactly struggling—its sales were up 86% year-over-year in the third quarter. It’s just that demand hasn't matched Ford's initial expectations.

Have a tip? Contact the author: suvrat.kothari@insideevs.com

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