Financing vs Leasing the Lightning

[SmoothJ]

So this truck, like any other family truck these days, will over north of 70K and I usually always lease regardless. That being said, what options will there be for leasing the Lightning vs buying?

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[shutterbug]

So this truck, like any other family truck these days, will over north of 70K and I usually always lease regardless. That being said, what options will there be for leasing the Lightning vs buying?

If you lease, you aren't eligible for current tax credit. That said, there is Ford Options. Basically, 3 or 4 year plan with a balloon payment at the end, but it gives you the ability to just turn it in to Ford. So lease-like.

 

[adoublee]

So this truck, like any other family truck these days, will over north of 70K and I usually always lease regardless. That being said, what options will there be for leasing the Lightning vs buying?

You will probably want to take advantage of the Ford Options program. It is a purchase with a balloon payment (take a loan out for) at the end that allows you to capture all tax advantages. You also have the option to turn the vehicle back in instead of making the balloon payment, making it lease-like in knowing you can turn it back in at a known cost of ownership. Below is an example based on MME:

 

[F150ROD]

I am planning on Ford Options but I think for me at least it will depend on what they offer. I could opt for it, wait for all rebates to come in, put it down towards the Lightning and then refinance with DCU for 1.24% at 72 months.

 

[SmoothJ]

So the issue comes into play is the unknown ALG residual value of the truck. With the Ford Options, it sounds like they still might use it still. So lets say you have a ALG of 50%... with a say 80K truck, at the end of 36 months it will be 50% of its value or 40K. So you are financing that 40K over 36 months with at 0% APR would be $1,111+ per month. This is assuming $0 down too.

 

[metroshot]

I am planning on Ford Options but I think for me at least it will depend on what they offer. I could opt for it, wait for all rebates to come in, put it down towards the Lightning and then refinance with DCU for 1.24% at 72 months.

Same here - looking at Ford Options for the best of both lease & financing worlds.

If the MF (lease interest rate) is too high, I will look at financing thru my CU (currently at 1.5% for new cars).

 

[SmoothJ]

Same here - looking at Ford Options for the best of both lease & financing worlds.

If the MF (lease interest rate) is too high, I will look at financing thru my CU (currently at 1.5% for new cars).

So I was told that there are two ways to "lease" this vehicle. One is though Ford RCL, and Ford Options is like a lease but you get the inventive (if one exists by the time we get the truck) and has a balloon payment.

From what I was told, assuming the financing is the same as the Mach-E, the RCL will have a high MF, but a nicer ALG. While Ford Options, will have a bad ALG, but a good interest rate.

 

[sotek2345]

So I was told that there are two ways to "lease" this vehicle. One is though Ford RCL, and Ford Options is like a lease but you get the inventive (if one exists by the time we get the truck) and has a balloon payment.

From what I was told, assuming the financing is the same as the Mach-E, the RCL will have a high MF, but a nicer ALG. While Ford Options, will have a bad ALG, but a good interest rate.

The RCL also loses you the tax credit (Ford hasn't been taking it off the top on the Mach-e from what I have seen - unlike other brands).

 

[Sealevel]

Has Ford announced the Ford Options Financing Program will be available on the Lightning? I've seen that it is only an option on the Mustang Mach E.

 

[Sealevel]

Has Ford announced the Ford Options Financing Program will be available on the Lightning? I've seen that it is only an option on the Mustang Mach E.

Ignore this - I see the Options is now available on the Lightning and the MMe.

 

[jefro]

The lease companies were racking up the original $7500 credits and in some cases not really showing it as part of the actual costs.

 

[JSJ]

What is the difference between leasing and ford options? Doesn’t make any sense to me. Sounds like a way ford will get more money out of you vs a traditional lease?

 

[RavenYZF-R6]

What is the difference between leasing and ford options? Doesn’t make any sense to me. Sounds like a way ford will get more money out of you vs a traditional lease?

One big thing is Ford Options let’s you apply for the tax rebates as it goes into your name etc where leasing Ford keeps those incentives.

 

[TheRealDlo]

That's a big deal for some people

 

[Griddlez]

Has Ford announced the Ford Options Financing Program will be available on the Lightning? I've seen that it is only an option on the Mustang Mach E.

Yea - it's on their site here: https://www.ford.com/finance/finance-options/ford-options/

^ Wish there was a calculator to see what kind of value it provides.

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