Hello all…
Looking into leasing a Lightning. Currently from what I can see the 2024 Lariat includes:
$3500 - RCL CASH
$1000 - EV Public credit
$1000 - EV Holiday bonus cash
$2000 - Bonus customer cash.
This equates to $7500… Does this mean this is the Fed $7500 incentive disguised as 4 different Ford incentives?
Confusing to me because when I look at Ford’s inventory online I see some of their trucks qualify for the $7500 incentive, and some do not based on their MSRP…
Thanks!
What is the MSRP? Needs to be under $80k before destination
part 2…
The 2024 F150 lightning Platinum’s MSRP will never be below $80,000 which is the cutoff for the FED incentive. But the Plat trim also qualifies for these same incentives which equals $7500.
Only looking at trucks on Ford’s site that have this annotation on them
“Eligible for up to $7,500 Federal EV Tax Credit at time of sale for qualified buyersE52”
When leasing, the rebate goes to the leasing/finance company. It’s not required they pass it on
I understand that. That’s not what I am asking here. Specifically when I click on a Truck on their website and this is what shows.
$627.77/mo.E32Ford Credit Lease
36 monthsE3610,500 milesE35
$8,208.90 downE25
Edit Payment
Eligible for up to $7,500 Federal EV Tax Credit at time of sale for qualified buyersE52
They could still be offering the same incentive amounts on trucks that don’t say that
Again, what I am asking is if the $7500 is not equated because some trucks do not qualify for it. Of if it is equated as the “ford incentives”
It doesn’t matter. Could it be? Yes, it could be.
It only matters the amount of incentives available that you qualify for
I called a local dealer for a quote on a lariat yesterday just to make sense of the incentives! Clear as mud on true car and any official website.
I received $7,500 rebate on an MSRP under $80k. When I asked what programs made up the rebate all I got in response was “?, 7500 is eligible with the lease and it’s done up front.There’s nothing you need to do“.
I don’t qualify for Tesla or Ram conquest. AXZD incentives are also a mystery to me in how they stack.
Of course it matters lol…
They show 7500 in incentives… But don’t show anything about the Fed incentive the vehicle “qualifies for”.
Very unclear. If the car is under 80k it should qualify for both the fed and ford incentives…
You’re not understanding how it works.
If a vehicle qualifies for the $7500 fed rebate, great, it goes to the finance company (FMC) on a lease.
Incentives are determined by Ford/FMC.
In this situation, it does not mean you get $7500 Ford incentives and the $7500 fed rebate if the vehicle qualifies. You get the $7500 incentives only (assuming you qualify for all of them)
It’s why one of the other important parts of a lease is also the MSRP discount before incentives get added.
Your questions are a bit unclear here, as is your understanding. Ford MAY give $7500 of incentives on vehicles that don’t qualify for the Fed incentive since they don’t qualify to even the playing field for sales. Why would they give that on vehicles that do qualify?
The answer is no. There is not a specific $7500 credit for leases.
You have a misunderstanding of how the ev tax rebates work.
There is no MSRP cutoff for the federal tax credit when a commercial entity purchases it to lease.
Ford gets a $7500 tax credit under 45W of the IRA when they purchase it to lease. They get to do whatever they want with it.
You get the incentives that are available. There is no separate $7500 ev credit available for you.
So there is $7500, but it would only be availible on a finance or cash sale.
Correct. The entity that is owning the vehicle would be you, in which case you are getting the 7500$ credit but you are allowing the dealership to apply that upfront into the deal vs getting it at year end via tax credits. It’s not a rebate or credit, the dealer is just getting 7500$ from the IRS on your behalf. Same is true when you lease, except the ownership is via Ford financial and they absorb the 7500$ credit from the IRS. Now alot of companies may choose to pass that through their lease as a form of rebate but it is not a standard.
Yes that is what everyone has been saying 
For a while Ford didnt pass on the 7500 more like $3500 was given.
Looks like for Dec they giving it all back