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Ford F-150 Lightning shoppers can save up to $15,000 with new incentive

If you’ve been eyeing Ford’s electric truck, this could be the time to make a move. Ford is offering up to $15,000 off the F-150 Lightning with a new incentive.

Ford offers new F-150 Lightning incentive

Ford introduced the new Lightning incentive last week, offering up to $7,500 for buying or leasing. This means you can take advantage of up to $15,000 in savings.

On Ford’s website, the 2023 F-150 Lightning Platinum trim features a $7,500 retail purchase incentive or an equal amount in Red Carpet Lease customer cash.

The Lariat also features a $7,500 incentive for purchasing but only $5,000 for leasing. Ford is offering $1,500 off the XLT model for leasing or purchasing, while the Pro has no incentive.

According to auto research platform CarsDirect, this is the largest discount offered on Ford’s electric truck. When the Lightning was first introduced, there were no deals available. Meanwhile, Ford was pushing for balloon financing with its Ford Options Plan.

Ford said in April the F-150 Lightning is eligible for the full $7,500 tax credit. Although the Platinum trim is over the $80,000 threshold, you can still save up to $15,000 combined on the loaded Lariat model. The incentives will run through January 2.

2023 Ford F-150 Lightning (Source: Ford)

Top comment by Calif_Lifer

Liked by 13 people

"Ford introduced the new Lightning incentive last week, offering up to $7,500 for buying or leasing. This means you can take advantage of up to $15,000 in savings. "

First time I read this I went, "huh?" If it's $7.5k off for buying or leasing, then how do we get $15k off? It should have written this way:

"Ford introduced the new Lightning incentive last week, offering up to $7,500 for buying or leasing. Combined with the $7500 tax credit you can take advantage of up to $15,000 in savings. " Then it wouldn't have been a "huh?"

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The new deals come as Ford looks to increase output into the end of the year. Ford sold 3,503 electric pickups between July and September, down 45% from last year.

2023 Ford F-150 Lightning trim
2023 Ford F-150 Lightning starting prices by trim (source: Ford)

Ford told Electrek last month that “F-150 Lightning production is starting to ramp after a six-week shutdown to expand the Rouge Electric Vehicle Center with limited deliveries across July and August.”

Ford F-150 Lightning Flash (Source: Ford)

The automaker’s capacity seems to be picking up after introducing significant price incentives. Ford also introduced a new “Flash” trim for 2024 that hits the “sweet spots” with 320 miles of range, a loaded tech interior, and a heat pump, starting at $69,995. The Flash pulls features from the XLT and Lariat, combining them into one package for the right value.

Are you ready to take advantage of Ford’s best deal on the F-150 Lightning so far? You can use our link to reach out to find your electric truck at a great price near you today.

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Avatar for Peter Johnson Peter Johnson

Peter Johnson is covering the auto industry’s step-by-step transformation to electric vehicles. He is an experienced investor, financial writer, and EV enthusiast. His enthusiasm for electric vehicles, primarily Tesla, is a significant reason he pursued a career in investments. If he isn’t telling you about his latest 10K findings, you can find him enjoying the outdoors or exercising