Unbeatable Lease Deals on the Ford F-150 Lightning

Save thousands and enjoy electric driving with unbeatable offers on America’s best-selling electric truck.

The Ford F-150 Lightning is America’s best-selling electric truck, and Ford aims to keep that title with some exceptional lease deals for this battery-powered pickup. According to CarsDirect, customers can lease a Lightning for less than a gasoline-powered F-150.

For example, the F-150 XLT can be leased for 36 months at $578 per month, with an initial payment of $5,987. This deal is for a V6 Supercrew with four-wheel drive and an annual mileage cap of 10,500 miles, averaging about $744 per month. Given its retail price of $53,445, this is quite a sum. So, how does the electric alternative compare?

The 2023 Lightning XLT can be leased over the same period for $338 per month, though it requires $6,102 at signing. This works out to $508 per month, which is $236 less per month than its gasoline counterpart. Over three years, this saves $8,496. Interestingly, the Lightning XLT has an MSRP of $56,990, making it more expensive than the F-150 V6 XLT.

You might be wondering how a more expensive electric truck can end up being cheaper to lease. Ford has introduced remarkable lease deals for the Lightning, offering up to $15,250 off selected trims through the RCL Customer Cash leasing rebate. During Ford’s Memorial Day sale, California customers could also benefit from a $1,500 trade-in assistance bonus for both the F-150 and its electric sibling.

However, there’s a catch. You won’t find the same deal on a 2024 Lightning at your local Ford dealer. Reports indicate that the 2024 Lightning XLT costs twice as much as the 2023 model, which is surprising. Leasing a 2024 model requires an initial payment of $7,416 and a monthly payment of $842 over 36 months, totaling $1,048 per month. This makes the 2023 models seem like a fantastic bargain. At least the 2024 F-150 Lightning is cheaper than expected.

Ford is looking to clear out the remaining 2023 inventory, and these low prices might help. Anyone in the market for an electric truck will find these deals very appealing. While the gas-powered F-150 is a strong seller, Ford has struggled to move the Lightning, even cutting production due to slow demand. It will be interesting to see if these discounts can entice traditional truck drivers to switch from a V6 or V8 to quiet electric power.