2022 Ford F-150 Lightning Can Be Financed For 84 Months

Ford Lightning Truck
#MyKCFord 2022 Ford F-150 Lightning will have available financing for 84 months (for qualified buyers), even if you're not seeing it advertised at the moment.

Like most in-demand vehicles these days, the 2022Ā Ford F-150 LightningĀ isnā€™t eligible for many discounts or incentives, whether that be related toĀ financingĀ orĀ leasing. Making matters worse, the F-150 Lightning also features lowerĀ residual valuesĀ thanĀ its ICE-powered brethren, and featuresĀ different plan pricing as well, while lesseesĀ wonā€™t even be able to purchase their vehicleĀ when those terms are up, either. Thus, those that want to obtain a lower monthly payment must look to increasingly long loan terms, and in that regard, the 2022 Ford F-150 Lightning can be financed for 84 months, according to a dealer bulletin seen byĀ Cars Direct, even if that isnā€™t being advertised at the moment.

Ford F-150 Lightning

With new vehicle prices skyrocketing in recent years, the 84-month loan has become more popular with buyers, and Ford has responded by opening up those types of loansĀ to more people, as well as makingĀ more vehicles eligible for seven-year loansĀ to boot. That list now includes the 2022 Ford F-150 Lightning, which offers well-qualified buyers 84-month financing at a 5.9 percent APR, though the offer isnā€™t quite as attractive as it looks.

Previously, Ford offered a 72-month loan with an APR of 4.9 percent for the F-150 Lightning, which means that the longer term and higher rate would equate to paying $11,000 in interest for a $50k model, and thatā€™s assuming the buyer has stellar credit. Otherwise, rates can rise to as high as 15.9 percent for shoppers with less-than-idea credit scores.

On the flip side, this deal is also available withĀ Fordā€™s Options Plan, a lease-like financing hybrid that also makes buyers eligible for the current $7,500 tax credit, which cannot be claimed by those that opt to lease the all-electric pickup.

Source: Ford Authority

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