You can’t mix and match incentives. They could be completely different from purchase to lease, especially if the lease rate is below market. A $200 payment doesn’t pass the common sense test for a $46K truck. $450 sounds reasonable and decent.
MF 0.35%? Does Ford use % rates? If that’s accurate, then they’re spending a lot of money to buy down the rate and I wouldn’t expect such colossal rebates.
Edit: maybe Ford has lost their mind…