Estimates on 2022 lightning resale value in 2 years?

[intensifi]

The longer range trucks will push Lightning values down unless a battery upgrade becomes available.

Sponsored

 

[astricklin]

The longer range trucks will push Lightning values down unless a battery upgrade becomes available.

Yes and no....plenty of people will be fine with 250-300 miles. There's millions of truck owners that never tow. There's millions of truck owners that don't drive their trucks on road trips. People will start to realize that these trucks will do all of the truck things that they do and do it better.

 

[Bandit216]

More of an apple to orange comparison, but I recently sold my exactly 2 year old (2021) Mach E First Edition to a Ford dealer in the Seattle area. It was very low miles (~7,000) and in excellent condition. The original list was right at $60,000 and the dealer paid me $46,000 - so a depreciation of 23% over two years. I visited Carmax and Carvana for offers and between the two, the highest offer was $36,000. I still have a Mach E and a Lightning that I'm keeping. Whatever you do, shop around for the best price and if don't live in a strong EV market area, consider checking offers in the stronger EV markets.

 

[ExCivilian]

The original list was right at $60,000 and the dealer paid me $46,000 - so a depreciation of 23% over two years.

I think it's important to note that depreciation isn't linear. That $14K drop in value was spread over 2 years but the largest hit to your value was when it drove off the lot. Arguably, it lost $7,500 as soon as you bought it due to the tax credit, which isn't even depreciation leaving you with only a roughly $7K hit to value.

$300/month isn't bad, imo, and could have been recouped (with profit) by renting it out if the value had dropped catastrophically.

 

[FirstF150InCasco]

$30k tops

Can you explain your thinking? What drives that conclusion?

 

[F150ROD]

Can you explain your thinking? What drives that conclusion?

It’s a Truck with limited towing range, tech keeps moving forward(2nd gen is right around the corner), LFP batteries will make next gen cheaper, Ford doesn’t have a cult that keeps prices inflated except for the Raptors, Shelby’s and SVTs of the world.

28k miles in and estimated trade in is anywhere from $52k -$65k. It won’t get any better.

 

[Adventureboy]

I’m optimistic on the resale values. I think Chevy, Lightning Gen2 and RAM EV will all be priced higher than our Lightnings keeping the value up there for 5 or so years until the market settles and investment costs for the factory/assembly facilities gets a bit of payback. It’s anyone’s guess but there are no other options for used pickup truck EVs. No crystal ball but I’m hanging on to mine unless the market starts to settle.

 

[ivan256]

Trying to guess whether some new trucks in the future are going to have effects on the depreciation of what will be a used truck is gambling at best. And realistically, whatever Tesla or GM or Ram has on the market new isn't likely to have much effect on how much a 3 year old truck is worth unless the price of those trucks is so astronomically high that it pulls up the value of the used market.

The safe thing to do is to assume it's going to depreciate about the same as any other F-150. In two more years (three total) it will have probably lost between 25 and 40% of its value depending on spec, mileage, and condition. SR battery... probably will have depreciation towards the less favorable end of that spectrum, but if you want to be safe you're going to assume the larger depreciation anyway. It'll be worth somewhere between $43k and $54k.

 

[LightQuest]

Whatever equity I have in the lightning is my down payment, I’m trading the lightning in, no cash due at signing, so the lightning has to be worth 50k to match this deal.

There’s no way I’d keep the lightning past 2 more years, once my cybertruck or Ram Rev is available, I’ll be making that switch to a 500+ mile range truck. I’m really not a fan of the lightning after owning it for 7 months now and my needs have changed where I need a vehicle that can tow 4000lbs 250 miles preferably.

It’s looking like the lease is a better option financially, the Lightning’s value in the future is too unstable and with a lease, I know exactly where I’ll be at in 2 years.

Yogi Berra states: "It is difficult to make predictions, especially about the future."
Go with what you know now:
- You plan to replace your lightning (with another brand) in about 2 years. So your Lightning has no long term value to you.
- You are not 100% pleased with Lightning use now.
- You know what the resale/ trade-in value is right now.
- You know you will save $350/month if you trade-in now.

Given above, why would you continue to invest time and money in your Lightning? Even if it holds up its value, a fender-bender or a new set of tires would would break your best case calculation.
Consider: Cash out now and put the $350/mo X 24 Months Plus the Lightnings saved repairs & maintence costs in your pocket- if you don't mind driving the leased vehicle.

 

[swajames]

All these "just wait until XXX comes out" posters seem to be working on the assumption that all these future Lightning competitors are going to have flawless rollouts and have wide availability for all trim levels from day one...

That's not going to happen.

Ford isn't the outlier here. It's going to be quite some time before any of these Lightning alternatives are generally available, particularly if you want one of the lower cost models.

 

[mr2urbo004]

Why are there so many lightning for sale and people not holding longer than a year?

 

[mr2urbo004]

I just got my Pro version for $43k with option which took 2 weeks of going back and fourth with dealer and regional. Is it not worth keeping?

 

[JSJ]

Why are there so many lightning for sale and people not holding longer than a year?

I planned to keep it for at least 2 years but I’m not happy at all with it, especially for the price, and I’m worried it will (my spec at least 2022 lariat standard range) absolutely tank.

 

[mr2urbo004]

But wont your get the fed tax credit? And you have the 2022 pricing which was 65k starting.

 

[Amps]

I’m not happy at all with it

The single best reason to get out of it ASAP.

Sponsored