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 fee. 

In line with accomplice website CarsDirect, citing a vendor 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 may be stacked—nevertheless the deal is region-dependent. Whereas Phoenix is an instance of the place $1,500 applies, the provide is $1,000 in California. 

The F-150 Lightning arrived in Could 2022 at a beginning worth of $41,669. Markups began with a $7,000 worth hike (or as much as $7,500 in sure configurations) in August 2022, then a markup of 1000’s extra in October and December in the end bringing the Lightning close to $58,000 by the tip of final 12 months. It didn’t cease there; with one other March worth hike the bottom 2023 F-150 Lightning Professional presently 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 important 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 now not undercuts the gasoline model and gained’t repay on working prices within the first few years, regardless that an extended highway of total possession prices will nonetheless show out the advantages of electrical. 

As CarsDirect factors out, the F-150 Lightning stays a foul 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 buyer.  

At the very least the times of Lightning worth hikes look like over. The identical can’t be stated of the smaller Ford Maverick hybrid pickup, which just lately acquired a major worth hike for 2024.