The Ford F-150 is not simply America’s best-selling truck, it has been the best-selling car interval for over 4 a long time. With the brand new Ford F-150 Lightning propping up Ford’s shift to electrification, it is solely a matter of time earlier than F-150-turned-EV patrons flock towards the battery-powered truck. As Vehicles Direct found, now may be the perfect time.
If you happen to’re on the fence, Ford’s making that call even simpler by throwing an enormous pile of money on the truck’s hood. And which means anyone seeking to lease it may save as a lot as $15,000 off the sticker worth for 2023 fashions, and almost 0% curiosity for one market. This is what you have to know.
EV Lease Offers
EV leases are booming proper now. Not solely are automakers seeking to blow out fashions to maneuver in a cooling market, however OEMs are benefiting from its tax credit score loophole which permits automobiles to qualify for the $7,500 federal tax credit score that in any other case would not on account of battery materials sourcing.
The majority of Ford’s $15,250 low cost comes from the automaker’s Pink Carpet Lease (RCL) Buyer Money program, which is only a fancy option to say “lease rebate.” Sadly, the low cost is barely good on the Platinum trim, which comes with a hefty MSRP of $91,995. The $15,250 low cost brings the grand complete to round $76,745 earlier than any seller add-ons and vacation spot prices. Needless to say this mannequin already had a $7,500 pile of money on the hood earlier than the latest incentive.
The Lariat Normal Vary ($69,995) will get $9,750 off whereas the Lariat Prolonged Vary ($77,495) will get a smaller $9,250 low cost. Each trims beforehand had $5,000 off sticker. Lastly, however actually not least, the XLT Prolonged Vary ($69,995) will get $7,000 off, up from $1,500.
The lease phrases are for 36 months with a most annual mileage cap of 10,500 miles. And should you occur to be a purchaser in California, Ford is sweetening the deal by chopping the lease’s cash issue, basically bringing the rate of interest down from 5.68% to only 0.09%.
Ford is presently providing this promotion in not less than 10 areas—Atlanta, Chicago, Cincinnati, Dallas, Houston, Los Angeles, Memphis, New York, Pittsburgh and San Francisco. To reap the benefits of it, you may both must examine together with your native seller or use Ford’s on-line stock software to see if the provide applies. Provided that Memorial Day weekend is commonly a preferred gross sales day for dealerships, we would in all probability use the stock software earlier than venturing out.
If you happen to’re seeking to purchase as an alternative, Ford is providing 1.9% financing on prime of the $7,500 federal tax credit score, however you may must discover a mannequin beneath $80,000 to qualify for a few of that authorities cash.