Trying to decide if I should buy or lease 2023 F150 Lightning.
Here are the numbers:
$81000 MSRP
Finance ~$950/month 72 months 0%
$20,000 discount
$61,000 adjusted price
Net price/taxes&fees: 66,500
Lease ~$680/month 36 months 0.11%
$17,900 discount
Net price/taxes&fees: 66,700
$44,651 / 55% residual
It may want to keep it longer than 3 years, but it’s not something I’m set on. I’m in MN so taxes are paid up front on leases.
Thank you!
Lease! As time goes by Ev’s will be more improved. Longer range which you will regret later on
My thought process is lease makes sense if you are questioning wanting to keep it long-term. If you want out in 3 years you get to walk away when the lease ends whereas if you buy and want out you are likely going to deal with a negative equity situation.
Seems like a lease is the obvious play
Wholesale books don’t properly value the standard range vs extended range battery options on the 2023 model year Lightning. This makes getting fair resale value on an ER very hard. I wouldn’t want to take the risk of purchasing an ER, it’s really lease only, unless you will keep it forever. Only exception would be Platinum, they are all ER, but your MSRP is too low.
Been looking at preowner F150 lightning off carmax and carvana and few example popped up under $45k but with their APR, new is the way to go here. New lease.
I doubt you’ll be negative equity in 3 years. 0% APR and that heavy discount would be paying it down faster than it can depreciate.
If there’s a chance you’d keep it more than 3 years you should just buy.
Kinda need to make that decision on day one as the 0% APR is only available then.
Financing the RV at lease end will require a used car loan, probably at 7-8% APR.
That’s a very good point, didn’t even think of that.
I’m going with the lease, I’m in a cold climate so no heat pump in the 23 is not ideal but I can at least live 3 winters with it. There is still not data out how much it helps with the 24s yet either.
Oh good to know! Yeah this is for a 23 Lariat ER. I appreciate the insight.
I’m in a similar situation and pretty set on a lease, looking at the XLT ER but really want Lariat, although I can’t seem to find the subvented lease rates, how did you manage .11%? Was it just your dealer or has Ford extended that to the 23 Lariat ER as well?