Average Ford F-150 Monthly Payment Over $900 In Q2 2024

Over the past few years, the prices of new and used vehicles soared to new record highs, which means that customers are shelling out more money in terms of monthly lease and finance payments, too. Over that same time span, we’ve seen the average monthly finance payment of the Ford F-150, specifically, rise to eye-opening levels, too. However, that upward trend began to take a turn for the better early this year, though that didn’t continue into the second quarter of 2024.

According to Experian’s latest State of the Automotive Finance Market report, the average monthly finance payment for Ford F-150 customers in Q2 2024 came in at $919, which was once again the highest of all top leased models during that timeframe – quite a bit higher than the average lease payment of $601 as well. However, that figure is also lower than Q4 2023, when the average Ford F-150 finance payment was $983, but it’s also higher than Q1 2024’s average of $881. This puts an end to three consecutive quarters of decreases in average F-150 monthly finance payments at the same time, too, all while the automaker’s average transaction pricing has largely stayed put throughout the course of the year so far.

Regardless, the Ford F-150 remains quite popular not only with those looking to finance a new vehicle, but also, lease customers, too. Despite the fact that it touted the second-highest average lease price of any of the top 10 leased models in Q2 2024, the F-150 was still the fourth most-leased vehicle on the entire market. The F-150 accounted for 2.02 percent of all leases over the time period, ranking it behind only the Honda CR-V (2.98 percent), Tesla Model Y (2.61 percent), and Honda Civic (2.29 percent), as well as ahead of its arch-rival, the Chevy Silverado (1.86 percent), along with the Nissan Rogue (1.76 percent), Chevy Equinox (1.73 percent), Tesla Model 3 (1.66 percent), Honda HR-V (1.55 percent), and Jeep Grand Cherokee (1.52 percent).