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.

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 news, Ford F-150 news, F-150 Lightning news, and non-stop Ford news coverage.