How Much Is A Fully-Loaded F-150 Lightning?

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Managing Editor

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.

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, Managing Editor - January 13, 2022

A fully-loaded Ford F-150 Lightning has an MSRP just over $90,000 and can potentially cost over $4,000/month in some scenarios. However, there are also financing options that can cost less than half that amount. Here's a look at what you can expect to pay on a loaded F-150 Lightning and how you can get the best deal.

The range-topping 2022 F-150 Lightning Platinum has a sticker price of $92,569 including destination. According to a dealer incentive bulletin, the F-150 Lightning has no APR deals at this time and Ford Credit is only offering standard rates. Based on the company's online payment estimator, this involves a rate of 5% APR.

On a 72-month loan with no money down, the F-150 Lightning Platinum has an estimated payment of $1,491/month. The shortest loan advertised online is 24-month financing at $4,062/month. Both of these figures don't include taxes & fees, or important incentives like the federal EV tax credit and state plug-in rebates.

With a 10% down payment ($9,257), the F-150 Lightning Platinum has a 72-month payment of $1,342/month. With 20% down ($18,514), the payment is $1,193. A potential dealer markup could throw off these estimates, and your actual interest rate will be determined by your credit score and possibly other factors as well.

Interest costs with a 5% interest rate can be very expensive. For example, a 72-month loan on an F-150 Lightning Platinum at MSRP would cost $107,339 and involve $14,770 in interest. If you happen to have bad credit, you could be looking at a higher interest rate and have to meet subprime lending requirements.

We expect the F-150 Lightning to command a significant premium over other trucks. For those eligible, the Lightning does offer Ford Plan Pricing Discounts, but it's excluded from Friends & Neighbors Pricing. The truck's invoice price calculation is very unusual, and dealers aren't allowed to advertise the Lightning under MSRP.

Like the Mach-E, the F-150 Lightning will offer a lease-like alternative called Ford Options Plan. This could be the most affordable way to get your hands on the F-150 Lightning. After all, Ford Credit doesn't pass along the $7,500 tax credit to lessees as lease cash on the Mach-E and isn't expected to on the Lightning either.

Explore F-150 Lightning Prices & Deals

, Managing Editor

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.

Follow On: Twitter

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