hamburger icon
2024 Ford F-150 Lightning EV truck on highway silver color paint front view
Deals Articles

2024 Ford Lightning Lease Is More Expensive Than A $100k HUMMER EV

The 2024 Ford Lightning is a shockingly bad vehicle to lease right now. According to the company's online payment estimator, the cheapest 2024 Ford F-150 Lightning EV could cost over $1,100 a month to lease. Based on our analysis, you could potentially spend less money to lease a $100,000 HUMMER EV.

To start, the 2024 Ford Lightning XLT is listed at $924 for 36 months with $7,498 due at signing. That's based on an MSRP of $65,090 with destination and 10,500 miles a year and has an effective cost of $1,132 per month before taxes & fees. For that kind of money, shoppers may be able to make a surprising upgrade.

2024 GMC HUMMER EV truck off-road white color paint

That's because 2024 GMC HUMMER EV leases now start at $899 for 36 months with $4,499 at signing for the 2X truck. That's actually cheaper than a $999 lease for the same vehicle that we covered yesterday. GMC's deal is based on an MSRP of $98,849, 10,000 miles a year, and has an effective cost of $1,024 a month.

That makes the HUMMER EV roughly $34,000 more expensive than the Lightning but $108 per month cheaper to lease. HUMMER EVs also have an EPA-estimated range of up to 314 miles, whereas Ford's XLT Lightning — now only available in a Standard Range configuration — comes in at just 240 miles.

Having said all of that, GMC's offer is merely a manufacturer lease example, so your results may vary depending on real-world prices at dealers near you.

So why is the 2024 F-150 Lightning so bad to lease? While we don't have the full picture just yet, we do know that it's launching with no rebates. Even though the truck is eligible for a $7,500 tax credit you can't get on the HUMMER, the lack of incentives appears to create a huge disadvantage, especially when leasing.

Editor's Note: Ford does offer a lower-priced version of the 2024 F-150 Lightning called the Pro aimed at commercial fleets. However, Ford's online configurator for the 2024 Lightning Pro is not yet live and we don't know when it'll become available. A Ford spokesperson did not respond to a request for that info today.

Explore Ford Lightning Deals Near You

2024 Ford F-150 Lightning XLT lease deal estimate

2024 GMC HUMMER EV 2X truck April lease deal

    Item 1 of 0
      Item 1 of 0

      As CarsDirect’s resident pricing expert, Alex offers must-know analyses of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

      Sign Up for Customized Deal Alerts

      Subscribe to receive emails of the latest deals. Select list to join:

      Related Articles

      HUMMER EVs Can Now Be Leased For $0 Down GM has resorted to $0-down HUMMER EV leases to boost sales. Based on dealer incentive bulletins, 2024 GMC HUMMER EVs can now be leased for no money...
      2023 Ford Lightning Has A Secret $499/mo Lease Deal The Ford F-150 Lightning may be better to lease than you think. CarsDirect has learned that 2023 F-150 Lightning lease prices were cut to just $499...
      2024 Ford Lightning Buyers Should Probably Wait Ford may be taking orders for the 2024 F-150 Lightning, but you may want to wait. Based on dealer incentive bulletins, 2024 Ford Lightning deals ar...
      2024 HUMMER EV Now Eligible For Military Discount Memorial Day can be a great time to get into a new car, and it's right around the corner. It's not uncommon to see enhanced military discounts this...
      Rivian Lease Prices Seriously Undercut Ford Lightning Aggressive incentives can make the Rivian R1T significantly cheaper to lease than the Ford F-150 Lightning. Based on our analysis, the 2024 Rivian ...

      Sign Up for Customized Deal Alerts

      Subscribe to receive emails of the latest deals. Select list to join: