Everyone knows that the cost of owning a vehicle is more than just the number on the price tag. Drivers everywhere are curious what the new Ford F-150 Lightning actually costs, especially considering just how advanced and capable this truck really is.
Here’s what to consider when considering the total cost of ownership of the new Ford F-150 Lightning.
The Cost To Purchase The Ford Lightning
Like other completely electric vehicles, the Lightning has a higher price tag than its gasoline-powered counterparts. You’ll spend a solid $10,000 more for an electric pickup, but you’ll also get more from this fresh version of the F-150, depending on which trim you choose.
There are six available trims for the new Lightning.
- Pro: $39,974
- XLT: $52,974
- XLT Extended Range: $72,474
- Lariat: $67,474
- Lariat – Extended Range: $77,474
- Platinum: $90,874
Of course, these prices are models fitted with standard equipment and if you pay cash. You may also have different dealership fees like a destination fee (roughly $1,695). If you finance or lease a Lightning, you may see some variations in the final price. Don’t forget local and state taxes.
The Cost of Add-ons
The Ford F-150 Lightning can be outfitted with a ton of different features. Some trims come with these add-ons as standard features, while others require paying for the upgrades. Add-ons can vary from $50 to $2,000, so you can customize your rig based on your needs and budget.
The most popular add-on is the extended-range battery that provides 300 miles of driving range. This battery can add quite a bit to the total cost. It comes standard on the Platinum trim but will add $20,000 to the XLT model and $10,000 to the Lariat trim.
Another popular add-on is the Tow Technology Package. This suite adds pro trailer backup assist, trailer brake connector, smart hitch, onboard scales, a 360-degree camera,
and several other awesome features. This package is standard on the Platinum model but costs $1,395 on the Pro, XLT, and Lariat models.
The Cost of Ownership
The first thing to consider when looking at the cost of owning a Ford F-150 Lightning is how you’ll charge your truck. You can expect to spend about $1,500 to install a standard charger at home. The cost of actually charging your truck is a lot less than you might expect.
How much you need to charge your F-150 EV depends on how you use it. Those who take long drives with heavy loads in tow will need to charge more than those who just use the truck for small commutes. On average, you can expect a full charge to cost about $13.91. That should mean about $250 a month on average but will depend on the cost of electricity in your area.
F-150 Lighting owners should expect to only spend about $77 dollars a year on maintenance. With an electric powertrain, you don’t have to worry about oil changes, etc.
It might seem that the higher price tag on the Lightning makes this truck a more expensive purchase overall. Yes, you have to consider the cost of the truck, taxes, fees, and the charging station in your purchase. After that, however, you’ll notice a considerable reduction in cost for maintenance and power, not to mention any federal, state, or local tax rebates or incentives.
Now that you know the cost of ownership of a Ford F-150 Lightning, you can confidently reserve one today.
