The 2023 Ford F-150 Lightning is getting a reduction.
That’s particularly noteworthy as up till now, the price of the favored Ford electrical truck has been climbing at a really steep charge.
In keeping with companion web site CarsDirect, citing a seller bulletin, Ford is providing as much as $1,500 in buy incentives on the F-150 Lightning, in addition to low-APR finance charges for loans as much as 60 months. CarsDirect notes that the 2 affords could be stacked—nonetheless the deal is region-dependent. Whereas Phoenix is an instance of the place $1,500 applies, the supply is $1,000 in California.
Additional, CarsDirect additionally factors to an order bonus of $2,500 in a number of areas, most of which, like Kansas Metropolis, should not sometimes seen as robust EV markets.
The F-150 Lightning arrived in Could 2022 at a beginning value of $41,669. Markups began with a $7,000 value hike (or as much as $7,500 in sure configurations) in August 2022, then a markup of hundreds extra in October and December in the end bringing the Lightning close to $58,000 by the top of final yr. It didn’t cease there; with one other March value hike the bottom 2023 F-150 Lightning Professional at the moment begins at $61,869, together with vacation spot—altogether costing practically 50% extra than the 2022 F-150 Lightning Professional initially price, and with no vital added options.
Ford F-150 Lightning at Electrify America
For comparability, a 2023 Ford F-150 XL SuperCab with four-wheel drive—a comparable V-6 gasoline model—prices $44,140. As such, the electrical model not undercuts the gasoline model and received’t repay on working prices within the first few years, despite the fact that an extended highway of general possession prices will nonetheless show out the advantages of electrical.
As CarsDirect factors out, the F-150 Lightning stays a nasty lease deal, as a result of whereas Ford Credit score is ready to declare the $7,500 tax credit score on leases, it’s not but passing that alongside to the patron.
A minimum of the times of Lightning value hikes look like over. The identical can’t be mentioned of the smaller Ford Maverick hybrid pickup, which just lately acquired a major value hike for 2024.
