Significant discounts are being offered on the 2023 Ford F-150 Lightning, with reductions reaching up to $15,000. Additionally, interest rates on certain models have fallen to nearly 0%. These incentives are currently applicable only for leases of Ford’s electric pickup, rather than for direct purchases. According to CarsDirect, this may be the optimal moment to lease an F-150 Lightning, as these offers represent the largest discounts the electric truck has seen to date.
The price reductions stem from several programs, with the most substantial being Ford’s Red Carpet Lease Customer Cash, which provides lease rebates of up to $15,250 for Lightning buyers in at least 10 regions nationwide. While it’s uncertain if these discounts result from stacking incentives in anticipation of Memorial Day sales, CarsDirect notes that discounts differ based on trim, with Platinum models receiving the highest reduction—rising from $7,500 to $15,520 off the MSRP.
Despite the significant cut, remember that the starting price for an F-150 Lightning Platinum is $94,635, which includes destination fees. Consequently, these discounts bring the leasing price down to $79,385 for customers committing to a 36-month lease with a yearly mileage limit of 10,500 miles.
Lower-tier Lightning trims also enjoy substantial discounts, though these are less remarkable than what the Platinum trim offers. The Lariat trim now has a discount of up to $9,750 for the Standard Range, increasing from the earlier $5,000. Meanwhile, the Lightning XLT offers discounts of up to $7,000 on Extended Range models, a notable rise from the previous maximum of $1,500.
These new rebates vary by location, so potential buyers are encouraged to enter their zip codes into Ford’s inventory tool to determine what they qualify for. Major cities benefiting from the best offers include Atlanta, Chicago, Dallas, Houston, New York, and San Francisco.
Moreover, buyers may encounter varying financing terms. For instance, fortunate customers in Southern California can lease the Lariat with a 36-month term at just 0.09% financing, a significant decrease from the previous rate of 5.68%. This could effectively result in 0% financing for certain models, providing further motivation for those considering leasing Ford’s electric full-size pickup.
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