Ford Authority

2022 Ford F-150 Lightning Not Eligible For Red Carpet Lease Discount

The 2022 Ford F-150 Lightning has attracted significant interest from customers thus far, racking up over 150,000 reservations in just a few months. Despite ramping up production significantly, it will still admittedly take some time for Ford to fill customer orders for the all-electric F-150, most of which are coming from buyers who are brand new to The Blue Oval. So it shouldn’t come as a big surprise that the 2022 Ford F-150 Lighting is not eligible for the automaker’s Red Carpet Lease discount, according to a dealer bulletin seen by Cars Direct.

The Red Carpet Lease is a targeted direct mail offering giving current lessees of Ford products a loyalty discount that ranges from $500 up to $2,500 toward the lease of most new Blue Oval models, though there are some exclusions, aside from the Lightning. Those include other new products in high demand such as the Ford F-150 Raptor, Ford Bronco, and Ford Mustang Mach-E.

It’s currently unclear if Ford will pass along the current $7,500 federal EV tax credit to F-150 Lightning lessees, but as Ford Authority reported yesterday, it does not currently do so with lessees of the Ford Mustang Mach-E, unless those customers opt for the Ford Options Plan, which is a type of balloon financing.

Automotive balloon financing provides lower monthly payments than a purchase, yet also requires a larger one-time payment at the end of the loan term. However, balloon financing also puts the vehicle in a buyer’s name, unlike a lease. That allows consumers to claim the federal EV tax credit, but whether or not a buyer can actually take advantage of the credit depends on their tax liabilities.

We’ll have much more on the 2022 Ford F-150 Lightning soon, so be sure and subscribe to Ford Authority for the latest Ford F-Series newsFord F-150 newsF-150 Lightning news, and ongoing Ford news coverage.

Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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