F-150 Lightning Wins KBB’s “5-Year Cost to Own” Award for Pickup Trucks

[Administrator]

https://www.kbb.com/new-cars/total-cost-of-ownership/

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[H3IMDALL]

If it costs 13k in maintenance and “fuel” over 5 years I’m giving it back lol.

 

[Coolbreeze704]

Where 4700 in maintenance come from and for maintenance to be higher then a ICE truck?

 

[Gewalt]

It makes sense that thirsty classes of vehicles will benefit the most from electrification. I suspect these numbers are really conservative given the maintenance schedule and high voltage warranty coverage we enjoy, at least in CA (10y, 150k miles on battery).

 

[lakeguy55]

Insurance being much higher doesn't align with comments I've seen in this forum. Nor does it seem to make sense.

 

[Toby57]

Some of their numbers are close, and some are outrageous. The article is very misleading. For it to be cost to own, the MSRP would have to be included on each vehicle.

 

[bmwhitetx]

Some of their numbers are close, and some are outrageous. The article is very misleading. For it to be cost to own, the MSRP would have to be included on each vehicle.

I think the Financing and Depreciation costs covers MSRP. They say it's over 5 years so I guess they assume a 60-month loan with residual value. Would be curious what trim they used (and battery size).
Maintenance is way off.
The State Fees being negative is strange unless that is capturing the "not paying gas tax at the pump" - thus actually making the Fuel cost more reasonable than what they show.

 

[Eastbaylightning]

It makes sense that thirsty classes of vehicles will benefit the most from electrification. I suspect these numbers are really conservative given the maintenance schedule and high voltage warranty coverage we enjoy, at least in CA (10y, 150k miles on battery).

I'm still confused with the CA warranty, looks like for PZEV is 10 yrs/150K, but not for BEV. My dealer and another dealer only said 8 yrs/100K. Can someone point me to the CA official source?

 

[Peddyr]

Where 4700 in maintenance come from and for maintenance to be higher then a ICE truck?

Exactly. My first thought was "Uh oh...what am I neglecting?" No oil change, no transmission maintenance, brakes aren't serviced as often. Are they factoring in the weight of the truck and the need for tires?

 

[Toby57]

I think the Financing and Depreciation costs covers MSRP. They say it's over 5 years so I guess they assume a 60-month loan with residual value. Would be curious what trim they used (and battery size).
Maintenance is way off.
The State Fees being negative is strange unless that is capturing the "not paying gas tax at the pump" - thus actually making the Fuel cost more reasonable than what they show.

The MSRP on that Pro is 62k, the MSRP on that reg cab is 36k. 26 k difference. You drive the pro for 5 years, I drive the reg cab for 5 years. Even with their graph in that five years you still spent 26 k more than I did.

 

[p52Ranch]

This looks to be incompetent analysis at its best.

KBB did this analysis with the unobtanium 2022 PRO model at Ford’s low low introductory price for the PRO. So this deal was good for about 300 retail truck buyers.

The PRO only beats the Regular cab F150 and two Toyotas because of the federal tax credit embedded in the state fees. It would be interesting to see how KBB calculated the fuel cost for the Lightning since electric rates vary so much depending on an individuals location.

 

[Coolbreeze704]

Exactly. My first thought was "Uh oh...what am I neglecting?" No oil change, no transmission maintenance, brakes aren't serviced as often. Are they factoring in the weight of the truck and the need for tires?

I know. Right?

I can tell you I will be buying take offs down the road when and if I ever need tires. Have a small business close buy that goes to dealers and buy the tires from all the Bronco, f 150 and lightning owners that want to upgrade or Facebook Marketplace for the same peeps upgrading there brand new Lightnings to custom wheels and getting rid of their oem's.

 

[Henry Ford]

I know. Right?

I can tell you I will be buying take offs down the road when and if I ever need tires. Have a small business close buy that goes to dealers and buy the tires from all the Bronco, f 150 and lightning owners that want to upgrade or Facebook Marketplace for the same peeps upgrading there brand new Lightnings to custom wheels and getting rid of their oem's.

I already did this because I like Lariat wheels better than Platinum. For about the price of new tires (plus the space to store them) I swap wheels and tires every rotation.

Also, the KBB "analysis" was a random number generator.

 

[Yellow Buddy]

Exactly. My first thought was "Uh oh...what am I neglecting?" No oil change, no transmission maintenance, brakes aren't serviced as often. Are they factoring in the weight of the truck and the need for tires?

Tires...so many tires...

Different car but my experience owning EVs...(~400,000+ miles cumulative across multiple vehicles, only 2 of which went over 125,000mi)

Major savings (time & money) on routine maintenance. That's brakes, oil changes, trans fluid, diff fluid, etc etc. but I went through a new set of tires every 1-1.5 years.

Then on the back end...it hurts just as much. I just replaced a charge controller and that cost me $2,500.

I have to do the math but I might have saved $700 (DIY) -$2000 (Shop) in rotors + pads so maybe I'm still ahead. But I'm pretty sure my cost of ownership isn't that far off from gas..

 

[astricklin]

The MSRP on that Pro is 62k, the MSRP on that reg cab is 36k. 26 k difference. You drive the pro for 5 years, I drive the reg cab for 5 years. Even with their graph in that five years you still spent 26 k more than I did.

We both sell the truck at the end of 5 years. That recoups the extra $26k I spent. Now yes, I have to have that money in the first place, but for a 'total cost', depreciation is what matters and not MSRP.

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