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2024 Ford F-150 Hybrid Has Appealing Lease Deals

Along with a trim level revamp, updated styling, a bigger price tag, and the introduction of several new features, the refreshed 2024 Ford F-150 also marks the start of a big-time hybrid push on The Blue Oval’s part. As Ford Authority previously reported, FoMoCo is aiming to  double its product mix for the F-150’s 3.5L V6 PowerBoost hybrid by making it the same price as the non-electrified 3.5L V6 EcoBoost, while also making that powerplant available on every trim level, save for the entry-level XL. Now, those looking to potentially lease a 2024 Ford F-150 hybrid have good news as well, because according to CarsDirect, that particular model has some appealing lease deals to offer, too.

This news comes from FoMoCo’s latest residual value guide, which indicates that residual values for the 2024 Ford F-150 hybrid are as high as 77 percent – which could potentially make it an even better lease option than regular, ICE models. These numbers do vary, however, depending on which trim level and configuration one opts for, which is typically always the case.

For example, the XLT four-wheel drive model with the PowerBoost hybrid has a residual value of 68 percent with a 36-month term, while some higher trim models come in at 70 percent. Cutting that term to 24 months results in the even better deal at 77 percent, which make it quite an attractive alternative to regular, ICE-powered 2024 F-150 SuperCrew, which has a residual value as low as 61 percent, depending on the configuration. Ford hasn’t yet provided any estimated lease payments for the F-150 PowerBoost, though it remains possible that it could be cheaper to lease than a comparable ICE model, based on this information.

As a reminder, lease residual values are useful for lessees as they can indicate whether or not a vehicle is a good deal, and can also be used to determine how much a monthly payment will be. Lessees essentially pay the difference between the purchase price and a vehicle’s residual value when the lease ends, divided by the term of the lease, which also makes these figures useful for those that plan to purchase the vehicle once the lease is up. Typically, higher residual values result in more affordable leases for new vehicle lessees.

We’ll have more on the 2024 Ford F-150 soon, so be sure and subscribe to Ford Authority for the latest Ford F-Series newsFord F-150 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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Comments

  1. Jess T

    the hybrid is no extra charge on the 2024’s, so it’s pretty obvious w/o even looking up the numbers that the hybrid lease will be a better deal, no doubt of higher resale value given equal selling price

    Reply
  2. John Zemina

    Please check on issues involving hybrids not starting at all times. Had to return mine after 30 days.

    Reply

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