Summary
– 2023 Ford F-150 Lightning pickups are now over $200 cheaper to lease than gas-powered F-150s
– A recent boost in incentives on the Lightning made it more cost-effective to lease compared to the gas version
– The Lightning can be leased for $508 per month, while the gas version costs $744 per month
– The Lightning has higher residuals than gas vehicles, making it cheaper to lease
– With the upfront cost obstacle overcome, truck buyers are encouraged to consider an EV like the F-150 Lightning
Article
Truck buyers looking to add electric options to their fleet may be interested in the 2023 Ford F-150 Lightning, which is now more than $200 cheaper to lease per month compared to its gas-powered counterpart. Despite having a higher initial price tag, recent incentives for the Lightning have made it a more affordable option for leasing.
Cars Direct found that the 2023 Ford F-150 Lightning XLT can be leased for $338 per month for 36 months with $6,102 due at signing, making it $236 per month cheaper than the gas model. This significant price difference is due to various factors, including discounts on remaining inventory and subsidized lease rates for electric vehicles.
The difference in residual value between electric and gas vehicles plays a significant role in the affordability of leasing a Ford F-150 Lightning. Electric vehicles tend to have higher residuals than traditional gas vehicles, meaning the projected value of the Lightning after 36 months is closer to its selling price, resulting in lower monthly lease payments.
With the barrier of upfront cost versus traditional gas vehicles now overcome, both private and commercial truck buyers may find it easier to consider an electric option like the Ford F-150 Lightning. The analysis also does not take into account additional state or utility incentives that could further reduce the costs of owning an electric truck.
Overall, as long as Lightning buyers use the truck appropriately for their needs, they should have a positive experience with this electric vehicle. Interested buyers can check for remaining 2023 Ford F-150 Lightning inventory in their area and take advantage of Ford’s latest lease deal, potentially saving money in the long run.
In conclusion, the 2023 Ford F-150 Lightning presents a more cost-effective alternative to its gas-powered counterpart, making it a viable option for truck buyers looking to transition to electric vehicles. With incentives and discounts available, leasing a Lightning model can be more affordable than expected, paving the way for increased adoption of electric trucks in both private and commercial sectors.
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