The Ford F-150 is not a cheap vehicle by any means, so it makes sense that most buyers take on a considerable monthly payment. This trend kicked off long ago when buyers began favoring luxury trims over base models, pushing average monthly payments past $900, a figure that held steady through Q3 and Q4 of 2024 and now into Q1 of 2025.
According to the Q1 2025 State of the Automotive Finance Report from Experian, the average Ford F-150 customer could expect a monthly payment of $913. That’s quite a bit higher than the rest of the top 10 leased models in the same timeframe, although none of the pickup’s direct rivals made the list for comparison. It’s considerably more affordable to lease the F-150, as lease payments averaged $622 per month last quarter.
The second-highest average payment did belong to another pickup, however, as buyers of the Toyota Tacoma shelled out $762 on average monthly throughout the last quarter.
The Ford F-150 held the 10th-highest percentage among the top 10 leased models last quarter at 1.43 percent of that market. It slotted in behind the Honda Civic at 1.61 percent and the Toyota RAV4 at 1.54 percent; up front, the Tesla Model Y raked in 3.85 percent, followed by the Tesla Model 3 in second with 2.85 percent.
F-150 payments are slowly but surely declining after their peak last year. The average new monthly loan payment in Q1 2024 was $881, while the average lease payment was $598. In Q2, it rose to $919, however, 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. In Q3 2024, the average F-150 payment skyrocketed to $953 before declining to $919 in Q4 2024.
However, high Ford F-150 monthly payments are certainly nothing new. In fact, they exceeded the $1,000 mark for a long period of time before slipping in early 2024 – a trend that seems to be echoed in the 2025 results so far.
Comments
That’s insane. It’s like a mortgage payment. Live within your means people!
You are correct sir!