Ford Authority

2023 Ford F-150 Lightning Lease Price Significantly Cut

With demand for its EV pickup tapering off, The Blue Oval has been working to clear out 2023 Ford F-150 Lightning inventory for some time now, particularly since 2024 models began shipping recently. To do that, the automaker has introduced a variety of incentives for the 2023 Ford F-150 Lightning, ranging from stair-step deals that pay dealers a set amount for every unit they sell to a substantial lease offer consisting of $499 in monthly payments over 36 months. Now, those looking to lease a 2023 Ford F-150 Lightning can take advantage of an even better deal, it seems.

According to CarsDirect, 2023 Ford F-150 Lightning lease pricing was slashed by more than $400 just in time for Memorial Day. Previously, the range-topping Platinum trim could be leased for $995 for 48 months with $10,394 due at signing, but as of last Thursday, those terms dropped down to $584 for 36 months with $10,048 at signing – a whopping $411 monthly cut in terms of payments.

Lower trims received the same sort of price cut, with the XLT Standard Range being offered for $397 a month for 36 months with $6,096 at signing, while the XLT Extended Range model can be had for slightly more – $457 with $7,771 due at signing. These are by far the best lease deals we’ve seen on the Lightning to date, though finding the exact spec one desires will likely take a little bit of searching given the fact that it’s limited to the 2023 model year.

2023 Ford F-150 Lightning XLT - Exterior 001 - Front Three Quarters

Regardless, those that currently own a Tesla vehicle can also take advantage of a special conquest discount of $1,500 that can be stacked with other deals. As for the 2024 F-150 Lightning lineup, it received a round of price cuts nearly across the entire lineup, save for the Pro and Platinum trims, at least.

We’ll have more on the F-150 Lightning soon, so be sure and subscribe to Ford Authority for the latest Ford F-Series newsFord F-150 news, F-150 Lightning news, and non-stop 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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  1. Paul Golde

    To borrow a phrase from the late great Ross Perot, this electric utopia thing is making a giant sucking sound.


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