Leasing an F-150 Lightning

[shutterbug]

Incorrect, the current proposal is up front. As long as you qualify based on MSRP purchase price and income you can recieve the full amount of the credit up front. This is because now the Dealer can claim the credit allowing you a cash discount essentially.

How is that (income qualification) going to work? Are you going to have to share your tax return with the car sales droid? Will it be based on your income in the year you purchase? Prior year? If purchase year, and then your income ends up exceeding the limit, will you have to give money back to the dealer? Asking for a friend.

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[metroshot]

As I understand Options and RCL have the same residuals. If you put nothing down or minimal amount, the monthly payment will be higher. Add GAP on top of that, and the lease is simply more expensive than Options, which was my original point.

Yes sounds like the traditional lease is more expensive than the balloon finance option.
Without Ford giving back the $7500 tax incentive on a lease, I'd opt for the balloon finance option with ZERO down to claim the tax at the end of the year.

If the truck is stolen or totalled, on lease or Options you never get back your down or cap cost reduction you paid for.

GAP is definitely a must to prevent you from being upside down should the truck get stolen or totalled.

If I was financing to keep her for sure, I would put as much down and get GAP insurance plus low deductible insurance.

 

[Pioneer74]

How is that (income qualification) going to work? Are you going to have to share your tax return with the car sales droid? Will it be based on your income in the year you purchase? Prior year? If purchase year, and then your income ends up exceeding the limit, will you have to give money back to the dealer? Asking for a friend.

There's no way to know how it will work until it passes.

In the immortal words of Nancy Pelosi, you have to pass the legislation before you know what's in it.

 

[shutterbug]

There's no way to know how it will work until it passes.

In the immortal words of Nancy Pelosi, you have to pass the legislation before you know what's in it.

Passing the law is just the beginning. You then have to wait months while IRS writes the rules. Until the rules are in place, don't expect the dealers or automakers to front you $12,500, without knowing if they'll ever get it back. They might give you a tax credit loan, but that will cost you in interest.

 

[Sealevel]

Does anyone know if or when the the Ford Options financing will be usable for the F150 Lightning? On Ford.com, it states it is only available for the Mustang Mach E currently.

 

[vandy1981]

The lessor claims the EV credit with a lease. The lessor can decide whether to pass these savings on to the lessee.

That said, I think the credit complicates the lease negotiation process by adding another nber into the mix.

 

[shutterbug]

The lessor claims the EV credit with a lease. The lessor can decide whether to pass these savings on to the lessee.

That said, I think the credit complicates the lease negotiation process by adding another nber into the mix.

And if the new law passes with income limitation, the lessor won't be able to get the credit, making leases simpler and even more expensive.

 

[Pibblemobile]

Too bad they don’t give a huge lease rebate like on the Fusion Energi. We had a $10,500 rebate as well as our dealer discount and CTP money. Our $40K Energi was over $15K off to lease which is unheard of.

 

[vandy1981]

Too bad they don’t give a huge lease rebate like on the Fusion Energi. We had a $10,500 rebate as well as our dealer discount and CTP money. Our $40K Energi was over $15K off to lease which is unheard of.

Haha, I wish. The Fusion and C-Max Energi weren't really flying off the lots like the F150L will. I loved my C-Max Energi but it wasn't exactly a desirable vehicle

 

[metroshot]

The lessor claims the EV credit with a lease. The lessor can decide whether to pass these savings on to the lessee.

That said, I think the credit complicates the lease negotiation process by adding another nber into the mix.

Lease credits are easy to see as they are a cap cost reduction (CCR) which ultimately reduces the amount of monthly "rental charge" you pay for the duration of the lease.

I have leased 2 cars recently and have to say that BMW does not pass along the entire credit to the leasee (customer) - they passed about 50% back ($3500) plus dealer discount. This car will be turned back in (high residual).

OTOH Honda passed 100% plus $3000 on my Clarity.
My $35K Clarity got: $7500 instant credit, $3000 Honda incentive, $3500 dealer credit which was a total of $14,000 off the MSRP. Monthly came out to $285/month.
Then when you roll in post sales rebates from the state & local - I got $1500 CVRP, $1000 Utility and free L2 charger - it's even cheaper net cost....
This car is being kept at the end of lease due to the low residual (RV) and 10 year EV battery warranty.

With Ford's LIghtning, using the Option financing, it appears you can get the benefit of a lease (little to zero down), $7500 tax credit at the end of the year like financing, and still have a decision at the end of the Option financing to keep her by buying her out or turning her back in.
Since it's a first year, new model, high tech truck I will be leasing her as I have learned over 40 years of automotive ownership - it's better to err on caution....

And don't get me started on a first year Land Rover I recently turned back in....

 

[astricklin]

Lease credits are easy to see as they are a cap cost reduction (CCR) which ultimately reduces the amount of monthly "rental charge" you pay for the duration of the lease.

I have leased 2 cars recently and have to say that BMW does not pass along the entire credit to the leasee (customer) - they passed about 50% back ($3500) plus dealer discount. This car will be turned back in (high residual).

OTOH Honda passed 100% plus $3000 on my Clarity.
My $35K Clarity got: $7500 instant credit, $3000 Honda incentive, $3500 dealer credit which was a total of $14,000 off the MSRP. Monthly came out to $285/month.
Then when you roll in post sales rebates from the state & local - I got $1500 CVRP, $1000 Utility and free L2 charger - it's even cheaper net cost....
This car is being kept at the end of lease due to the low residual (RV) and 10 year EV battery warranty.

With Ford's LIghtning, using the Option financing, it appears you can get the benefit of a lease (little to zero down), $7500 tax credit at the end of the year like financing, and still have a decision at the end of the Option financing to keep her by buying her out or turning her back in.
Since it's a first year, new model, high tech truck I will be leasing her as I have learned over 40 years of automotive ownership - it's better to err on caution....

And don't get me started on a first year Land Rover I recently turned back in....

I wouldn't bank on a 10th year Land Rover being better?

 

[BennyTheBeaver]

I found this tool in the Mach-E forums, this will allow you to customize your options and see the difference between Ford Options and Purchasing outright.

Tool: https://1drv.ms/x/s!ApbGIUelGmJ-s9hQWdOSPLkXVkpcrA?e=WX5FM8

Discovered here: https://www.macheforum.com/site/threads/poll-ford-options-vs-finance.2883/page-7#post-92089

Credit: macchiaz-o

 

[shutterbug]

I found this tool in the Mach-E forums, this will allow you to customize your options and see the difference between Ford Options and Leasing.

Tool: https://1drv.ms/x/s!ApbGIUelGmJ-s9hQWdOSPLkXVkpcrA?e=WX5FM8

Discovered here: https://www.macheforum.com/site/threads/poll-ford-options-vs-finance.2883/page-7#post-92089

Credit: macchiaz-o

It's a great tool, but it does not compare Options to lease. It compares Option to traditional loan.

 

[BennyTheBeaver]

It's a great tool, but it does not compare Options to lease. It compares Option to traditional loan.

Yes, sorry, I mistyped. Fixed it.

 

[metroshot]

Yes, sorry, I mistyped. Fixed it.

Love it !
I can now see some "representative" numbers - not for the Lightning, but at least be able to see the difference in 36 vs 48 month balloon Options financing!

Definitely looks like a lease but is termed as a balloon financing.

I will definitely use the Options financing as this is a first year, new model year truck.

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