Financing the F150 Lightning
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Ford Options will give you a lease-like experience but ownership conveys to the buyer so tax credits stay with the buyer as well. With a lease tax credits go to Ford.
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Do you know if any information has come out from ford on their loan option rates? Any incentives?
2021 Mustang Mach E First Edition, 2016 Nissan Leaf, 2003 Toyota Tacoma, F-150 Lightning Lariat ER
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Good question. I'll look into that.
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I poked around on ford credit weeks ago trying to find an interest rate and came up empty.
However a week later I received an unsolicited pre-approval email for $110,000 USD.
However a week later I received an unsolicited pre-approval email for $110,000 USD.
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This is where the info directly from Ford will live. It currently doesn't appear to be accurate.
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Just a reminder to never take a loan directly through dealer unless you know market rates. Threaten to go elsewhere for loan and the dealer rates magically drop. Financing guys at dealers get bigger kickbacks the higher the rate they lock you into.
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Very good to know thank you!
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This 100%.....it is honestly the greasiest side of car sales, IMHO. Makes the ADM stuff look tame....
Unfortunately, interest rates are on the rise. By the time most of us get our vehicles, the Feds will have raised rates again. The next one is expected to be a double raise (1/2% rather than just 1/4%). Cost of money is going up at a significant pace. Mortgage rates were in the high 2% range just a couple of months ago, now they're at 5%.
Ford's lease-like option seems to be a pretty attractive offer. Get all the benefits of ownership and leasing in the same go. With Ford planning to announce a completely all new version of the F-150 designed from the ground up to be an EV within a year, who knows how values will hold up on the current version as it will be a bit antiquated when the new one gets released. That option gives you an easy out if resale value plummets.
Ford's lease-like option seems to be a pretty attractive offer. Get all the benefits of ownership and leasing in the same go. With Ford planning to announce a completely all new version of the F-150 designed from the ground up to be an EV within a year, who knows how values will hold up on the current version as it will be a bit antiquated when the new one gets released. That option gives you an easy out if resale value plummets.
2021 Mustang Mach E First Edition, 2016 Nissan Leaf, 2003 Toyota Tacoma, F-150 Lightning Lariat ER
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I received some input from a friend in Ford Finance:
"I won’t see anything until the program is published. If I had to guess I would think the rates would be low (like the GT MME vs non-GT). I would think that it should also have a higher residual value percentage than the MME too. I think since the Lightning is so expensive they will have more aggressive programs to help keep the monthly payments lower."
So, looking at a similarly priced F-150 would be one way to estimate the standard loan rates. Similarly, looking at a Mach E GT is one way to estimate Ford Options rates.
We'll have to wait a little longer to see the actual rates. My guess is they will be announced on April 26.
"I won’t see anything until the program is published. If I had to guess I would think the rates would be low (like the GT MME vs non-GT). I would think that it should also have a higher residual value percentage than the MME too. I think since the Lightning is so expensive they will have more aggressive programs to help keep the monthly payments lower."
So, looking at a similarly priced F-150 would be one way to estimate the standard loan rates. Similarly, looking at a Mach E GT is one way to estimate Ford Options rates.
We'll have to wait a little longer to see the actual rates. My guess is they will be announced on April 26.
2021 Mustang Mach E First Edition, 2016 Nissan Leaf, 2003 Toyota Tacoma, F-150 Lightning Lariat ER
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see details here:
www.lightningowners.com
Ford F-150 Lightning Finance Rates Revealed
Ford released their Always On-Rate finance rates for the Lightning starting on May 6th. These rates apply for Standard Retail, Options and Flex Buy Contracts on the F-150 Lightning. The list of rates (up to 72 months) include: Tier 0-1 Credit: 4.90% Tier 2 Credit: 6.90% Tier 3 Credit: 8.90%...
www.lightningowners.com
Thanks for sharing but I wanted to know like what payments are for these vehicles people are getting delivered. Like is it $800 a month and they put down what amount? I want some specifics. Some details.
Just try entering data into any auto loan calculator like: Auto Loan Calculator
Maybe stupid question but do I have to be in the Navy or Navy Vet to use them?
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Any armed services members/vets can open a Navy FCU account
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