Ford is offering significant discounts on the 2023 F-150 Lightning, with price cuts of up to $15,250. These discounts are primarily available for lease options rather than outright purchases. CarsDirect suggests that this is the best time to lease an F-150 Lightning, as it represents the largest discount to date for the electric truck.
The discounts come from various programs, but the biggest contribution comes from Ford’s Red Carpet Lease Customer Cash, which offers lease rebates of up to $15,250 for Lightning buyers in at least 10 regions across the country. It is unclear whether these price cuts are a result of stacking incentives with Memorial Day sales, but CarsDirect notes that discounts vary by trim level. The Platinum grades see the most significant reduction, with discounts increasing from $7,500 to $15,520 off MSRP.
While this price cut is substantial, it’s essential to note that the starting price for an F-150 Lightning Platinum is $94,635, including destination and fees. With the new discounts, customers looking to lease for 36 months with an annual cap of 10,500 miles can now avail the truck for $79,385.
Lower trims of the Lightning also receive generous discounts, although not as significant as the Platinum. The Lariat trim offers a discount of up to $9,750 for the Standard Range option, up from the previous discount of $5,000. The Lightning XLT receives up to $7,000 off on Extended Range models, compared to the previous discount of $1,500. However, it’s important to note that these rebates vary depending on location. Prospective buyers should input their zip code into Ford’s inventory tool to determine their eligibility.
Several major cities, including Atlanta, Chicago, Dallas, Houston, New York, and San Francisco, offer attractive deals. Finance terms may differ for each buyer, but lucky buyers in Southern California can benefit from a 0.09% financing rate for the Lariat trim, down from 5.68% previously. This effectively brings 0% financing to certain models, providing further incentive for those considering leasing Ford’s electric full-size pickup.
Overall, Ford’s price cuts on the F-150 Lightning make leasing an attractive option for customers. With substantial discounts and low financing rates, now may be the perfect time to get behind the wheel of Ford’s electric truck. Interested buyers should take advantage of these incentives and check their eligibility based on their location and preferred trim level. With the growing popularity of EVs, it’s clear that automakers like Ford are making efforts to make electric vehicles more accessible and appealing to a wider audience.