Explore the Ford F-150 Lightning: From Flipping to Long Term Possibilities
The Ford F-150 Lightning is a highly anticipated electric vehicle (EV) that has recently been made available for pre-order. The Lariat model, the most expensive of the line, carries a hefty price tag of 67k+. However, there are cheaper Pro and XLT models available for those who want to save some money.
When considering whether or not to buy an F-150 Lightning to flip, it’s important to be aware that Ford has attempted to get dealers to include a “no-sale” provision into their sales contracts. This means that if you purchase the EV with the intention of reselling it soon after, you may run into trouble.
One customer received an email from Ford offering them the chance to lock in the 2022 model year of the F-150 Lightning, but when they configured a Platinum with all the bells and whistles, the local dealer added $10k to the total cost. Although this customer was also considering flipping the EV, they were put off by the mark up.
However, another customer reported that their dealer offered to cut the mark up in half to $5k, which could make purchasing the F-150 Lightning more attractive. It should be noted though that Ford does have a “no sale” provision that can be used in their contract preventing resale within a year of purchase; something which got Cena into trouble in the past.
Ultimately, it comes down to personal preference and individual circumstances as to whether or not buying an F-150 Lightning is worth it. For those looking to flip it, it may be wise to research state contract laws before doing so since Ford cannot legally prevent someone from reselling after purchase.
For those looking to keep the EV for themselves, there are plenty of options available. The Lariat and Platinum models come with a variety of features such as an extended range battery pack, adaptive cruise control, lane-keeping assist technology and more.
The F-150 Lightning is also equipped with Ford’s SYNC 4 infotainment system which includes voice recognition capabilities that allow drivers to access their music library or make calls hands free. It also has over the air updates so you can stay up to date on all the latest software improvements without having to take it into a dealership for service.
Overall, whether you’re interested in flipping or keeping your F-150 Lightning long term, it’s important to do your research before making any decisions about purchasing one of these EVs from Ford Motor Company. With its impressive specs and advanced technologies, this vehicle could be worth considering if you have the budget for it!
Is it worth buying an F-150 Lightning Lariat or Platinum to flip?
If you are planning to buy to flip, be careful as Ford is (was) trying to get dealers to include a "no-sale" provision into the sales contracts. However, state contract laws prevent Ford from enforcing such provisions.
What is the cost of a 2022 F-150 Lightning Platinum with most of the bells and whistles?
After configuring a Platinum with most of the bells and whistles, it came to $93k. The local dealer added $10k to get it up to $103k.
Does Ford have a "no sale" provision that can be used in their contract preventing resale within a year of purchase?
Yes, Ford does have a "no sale" provision that can be used in their contract preventing resale within a year of purchase. However, this provision cannot be enforced due to state contract laws.
Are there any incentives for early adopters of the F-150 Lightning?
Yes, Ford has offered additional customers the chance to lock in the 2022 model year. Additionally, some dealers may offer incentives such as cutting the mark up in half to $5k.
Is there any difference between the F-150 Lightning and Rivian R1T?
Both vehicles have an 11k tow rating for the boat and same range to get to the coast with the boat tow, 100 miles. The F-150 Lightning is larger than the Rivian R1T and may be more suitable for urban environments and parking garages at home and work. Additionally, some buyers may be eligible for a $7,500 federal tax credit when purchasing an F-150 Lightning.
What is the warranty on the F-150 Lightning?
The F-150 Lightning comes with a 3 year/36,000 mile bumper to bumper warranty and an 8 year/100,000 mile powertrain warranty. Additionally, Ford offers an extended service plan for up to 10 years/150,000 miles.
Are there any special features that come with the F-150 Lightning?
Yes, the F-150 Lightning comes with several special features such as Pro Power Onboard, which allows you to use your truck as a mobile generator; FordPass Connect, which provides remote access to your vehicle; and Ford Co-Pilot360 Assist+, which includes adaptive cruise control and lane centering.
Is it possible to customize the F-150 Lightning?
Yes, you can customize the F-150 Lightning with various packages and options. You can choose from different exterior colors, interior trim levels, wheel sizes, and more. Additionally, you can add accessories such as running boards or a bed cover.