Ford’s entry into the world of EV trucks is already out cruising the highways and hauling across back roads. So, what prices should you expect for a Ford F-150 Lightning—new or used—in 2023?
We’ve got a rundown of prices for each trim level of the F-150 Lightning so you can compare them all in one place…
Let’s get to it!
How Much Does a Ford F-150 Lightning Cost?
We’d like to note that new reservations for the Ford Lightning are no longer available in any trim (PRO, XLT, Lariat, and Platinum). Current reservations are not necessarily a guarantee of an order invite from Ford, either. When August 31st, 2023, rolls around, even outstanding reservations and invites to order Ford’s award-winning EV truck will be cancelled.
However, Ford reopened order books (without reservations) for the 2023 Ford F-150 Lightning in all trims but the PRO (which was declared sold out for 2023).
The 2023 Ford F-150 Lightning price ranges from a base of $59,974 to $98,074 before you start adding options, taxes, or incentives. Let’s take a look at individual trim levels, starting with the Lightning PRO.
F-150 Lightning PRO
The base trim of the F-150 Lightning is the PRO (currently sold out for the model year). The F-150 Lightning PRO trim starts at $59,974 and starts to max out at around $68,000 (with most popular options added). The difference in price here shows up after selecting Rapid Red Metallic Tinted Clearcoat paint (which is the only paint that costs extra, at $495), both towing packages ($1,395 for the Tow Technology Package, and $1,100 for the Max Trailer Tow Package), a Mobile Power Cord ($500) and the necessary destination fee (a charge of $1,895).
F-150 Lightning XLT
Ford’s F-150 Lightning XLT package costs $64,474 at the low end and reaches up to about $86,000. This trim of the Lightning comes with more luxurious seating materials and a little more style (such as the added Gray Ion Satin Metallic grille).
You can max out the price by selecting the Extended Range Battery (a whopping $10,400 addition for about 90 extra miles of estimated range) and the 312A Equipment Group ($4,000 – a choice that’s selected along with the extended battery which includes conveniences like a heated steering wheel, powered tailgate, etc.). Rapid Red Metallic Tinted Clearcoat paint ($495), both towing packages (Tow Technology Package, $1,395, and Max Trailer Tow Package, $1,100), an Individual Trailer Tire Pressure Monitoring System (TPMS) plus camera ($1,115), and, again, a destination fee ($1,895) factor in to the final max price as well.
F-150 Lightning Lariat
The third trim level, the F-150 Lightning Lariat, has a base MSRP price of $85,974 and maxes out at around $91,000. The Lariat comes standard with a high quality sound system and heated / cooled leather seating.
Like the XLT, to max out the price on the F-150 Lightning Lariat you’ll need to get the larger battery size, better equipment options, max tow package (though the Tow Technology package comes standard) and trailer TPMS system, and add the destination fee ($1,895 for the Lariat). The Lariat also comes in a few additional colors; the priciest paints being Star White Metallic Tri-Coat or Azure Gray Metallic Tri-Coat for $795.
F-150 Lightning Platinum
The F-150 Lightning’s Platinum trim has a starting price of $98,074 and doesn’t go too much higher than about $102,000. This isn’t nearly the difference most trims have between base price and max price, but that’s part of the package: as Ford puts it on their website, you’ll choose the Platinum to “have it all” included. Most premium features, the Extended Range Battery, and Tow Packages are all included on the Platinum. The only extras left (besides accessories) are a higher-priced paint option and adding the trailer TPMS system.
And All the Ford F-150 Lightning Accessories!
We won’t get into individual prices, but the Ford F-150 Lightning has a host of accessories and gear for every trim level. From toolboxes to Tonneau Covers to an In-Vehicle Safe, Ford offers plenty of cool and convenient items to complement your EV truck lifestyle (and up the final price of your F-150 Lightning).
How Much Does a Used F-150 Lightning Cost?
Since Ford’s EV truck just started rolling off the production line in 2022, can you find a used 2022 or 2023 Ford F-150 Lightning? Absolutely! But like with all used vehicles and especially EVs, the cost of a used Ford Lightning can be higher than you’d expect. There are a few reasons for this situation:
Since the F-150 Lightning is relatively new, there aren’t tons of them out there, and scarcity will keep the used price high. It’s worth noting here that the PRO trim is actually somewhat difficult to find used compared to the other trim levels (the Lariat is actually the most common trim on the used market).
Second, as the F-150 Lightning are still slowly delivering for the 2023 model year, used F-150 Lightnings are able to charge extra for their immediate availability. These reasons are keeping current 2022 – 2023 Ford F-150 Lightning used prices averaging around $50,000-$120,000.
Let’s walk through some current pre-owned F-150 Lightning market prices for each trim level:
Ford F-150 Lightning PRO Used Prices
Even as the most inexpensive Ford F-150 Lighting, the PRO trim still sells above MSRP, staying around $50,000-60,000 for a used 2022 or 2023 Ford F-150 Lightning PRO without additional gear and options. At the upper end, this Ford electric truck can be found listed for over $80,000.
Time and increased production will drop these prices, but likely not for at least another year. If you’re planning on buying an F-150 Lightning PRO right now, you should expect to pay at least $55,000.
However, if you’re in the market to sell your Lightning PRO, now is a great time to get a price that’s not too far off its original MSRP. Check out our Instant Cash Offer page and see what one of our trusted EV dealerships will offer for your F-150 Lightning PRO today.
Ford F-150 Lightning XLT Used Prices
Very few Lightning XLTs have been produced so far; consequently, even fewer of those are for sale as used vehicles. For the few out there, used Ford F-150 Lightning XLT prices have been hovering between $65,000 and $85,000. Assuming we can predict average prices based on the used price of the Lariat and Platinum (above MSRP), the average price of a used 2022 Ford Lightning XLT is currently around $65,000-$70,000. This mostly applies to an XLT that’s not fully loaded.
Ford F-150 Lightning Lariat Used Prices
With the Ford F-150 Lightning Lariat currently being produced in larger numbers than the PRO or the XLT, you can find quite a few used Lightning Lariats for sale. While prices range widely between $69,000 and a whopping $130,000 (when they first dropped in 2022), the Lariat is averaging about $70,000. You can expect to pay a few thousand more or less than that number depending on how many extra options were added (see the MSRP price discussion above for a few examples).
Ford F-150 Lightning Platinum Used Prices
As the highest trim level of the F-150 Lightning, a used F-150 Lightning Platinum sells between $79,000-$120,000. Expect to pay an average of about $85,000-$90,000 for a used F-150 Lightning Platinum (again, more or less depending on options, etc).
EV Incentives and Tax Breaks
Currently, the 2022 – 2023 Ford F-150 Lightning lineup may be eligible for a federal income tax credit of up to $7,500. The credit applies up to the amount you owe on one tax return.
Please note: only new EV purchases are eligible for the federal income tax credit; it’s not applicable for a pre-owned Ford F-150 Lightning at current market prices. However, state-level tax breaks and EV incentives are possible for Ford’s electric pickup, and some credits may apply when you buy a used Ford EV or set up a charging system at home.
For example, the California Air Resources Board in California offers a rebate of $750 for a new EV purchase or lease. In Texas, up to $2,500 in rebates from the Texas Commision on Environmental Quality may be available for your purchase or lease of a new Ford truck EV.
You can find further information on EV incentives and laws for your state through the Alternative Fuels Data Center run by the US Department of Energy.
Where Can I Find a Used Ford F-150 Lightning for Sale?
If you’re checking out your options for a used F-150 Lightning, there’s bad news and good news. First, the bad news:
Let’s face it, Ford is not exclusively an electric pickup truck company. Most sites that advertise used Ford EVs stick the EVs right in with the ICE cars from the same manufacturer. Trying to find a 2022 or 2023 Ford Lightning price on a traditional used car site? Great, but you’ll get listings for the old ICE version of the Lightning, too (and likely a host of other ICE trucks that you’ll have to wade through).
And most of the time you can forget having battery sizes and other electric truck related options easily available in the listing filter.
But that does bring us to the good news:
An EV-focused, user-friendly marketplace for used Ford electric trucks really does exist.
The best news? You’re already here!
Find My Electric is the best EV listing site on the web. We’ve carefully designed our site to highlight the highest-performing EVs out there, tailored to fit EV essential categories and requirements. You can see exactly which trim level, color, battery size, and more go with each EV right on the listing page without having to go through each one to find the Ford electric vehicle you’re looking for.
Check out our used Ford Lightning Listings today to get started! Looking to sell your used Ford F-150 Lightning instead? Be sure to check out our Instant Cash Offer system to see what you can get from our Premium EV Dealer Network today!