Lease Ford Electric Car Top Deals and Tips for 2024

Lease a Ford electric car in 2024 and unlock top deals with low monthly payments, tax incentives, and cutting-edge EV technology. With competitive lease terms on models like the Mustang Mach-E and F-150 Lightning, now is the ideal time to switch to electric without the long-term commitment. Maximize your savings by timing your lease around manufacturer rebates and dealer incentives.

Key Takeaways

• Compare lease terms: Always evaluate 2024 Ford EV deals for best rates and incentives.
• Check tax credits: Federal and state credits may lower your effective lease cost.
• Negotiate down payments: Reduce upfront fees to maximize monthly savings.
• Review mileage limits: Choose a plan matching your driving habits to avoid overage fees.
• Prioritize new models: 2024 Ford EVs offer improved range and updated tech features.
• Ask about loyalty perks: Returning lessees may qualify for exclusive discounts.

The Electric Lease Revolution: Why Ford is Leading the Charge in 2024

If you’ve been thinking about making the switch to electric, 2024 might just be your year. I remember when I first considered an electric car—I was overwhelmed by the options, skeptical about charging, and unsure if leasing was the right move. Fast forward to today, and I’m convinced: lease Ford electric car deals are some of the smartest, most affordable ways to go electric. Ford has quietly become a powerhouse in the EV space, offering competitive lease terms, generous incentives, and vehicles that actually feel fun to drive.

But here’s the thing: leasing an electric vehicle (EV) isn’t the same as leasing a gas-powered car. The rules are different, the incentives are better, and the long-term value is often higher. Whether you’re eyeing the sleek Ford Mustang Mach-E, the rugged Ford F-150 Lightning, or the upcoming Ford Explorer EV, there’s a lease deal waiting for you. In this guide, I’ll walk you through the top lease Ford electric car offers in 2024, share insider tips to save thousands, and help you avoid common pitfalls. No fluff, no hype—just real talk from someone who’s been in your shoes.

Why Leasing a Ford Electric Car Makes Sense in 2024

Let’s start with the big question: Why lease instead of buy? For many people, leasing a Ford EV in 2024 is a no-brainer. The market has changed dramatically, and leasing now offers perks you couldn’t dream of just a few years ago.

Lower Monthly Payments and Higher Incentives

One of the biggest draws of a lease Ford electric car is the affordability. Thanks to federal tax credits, state rebates, and Ford’s own lease cash, you can often drive a brand-new EV for less than $300 a month. For example, in Q1 2024, Ford offered the Mustang Mach-E Select at $299/month for 36 months with $4,500 due at signing—after factoring in the $7,500 federal tax credit and $1,500 in lease cash. That’s a $30,000+ SUV for less than $15,000 out of pocket over three years.

Compare that to buying: you’d pay full price, lose more to depreciation, and miss out on the full tax credit unless you itemize. With leasing, the leasing company claims the tax credit and passes the savings to you in lower payments.

Stay Ahead of Tech and Battery Advances

EV technology is evolving fast. What’s cutting-edge today might feel outdated in five years. By leasing, you get to upgrade every 2–3 years. Think of it like upgrading your phone: you don’t keep the same model for a decade. With Ford’s BlueOval Charge Network expanding and battery ranges improving (the 2024 Mach-E now offers up to 320 miles), leasing lets you stay current without being stuck with an aging battery.

Minimal Maintenance and Peace of Mind

Electric cars have fewer moving parts. No oil changes, no spark plugs, no exhaust systems. Ford’s EVs come with an 8-year/100,000-mile battery warranty, and most lease terms are 24–36 months—so you’re covered. I leased a Mach-E last year and haven’t spent a dime on maintenance. Just tire rotations and wiper fluid. That peace of mind? Priceless.

Flexibility and Lower Risk

Worried about battery degradation? Leasing shifts that risk to the leasing company. If the battery loses range, it’s their problem when they resell the car. Plus, if your driving needs change—say, you start a family or move to a rural area—you can return the car without being stuck with a loan or resale hassle.

Top Ford Electric Cars to Lease in 2024 (With Real Examples)

Ford’s EV lineup is growing fast. Here are the models worth considering for a lease Ford electric car in 2024, along with real lease deals from major markets.

1. Ford Mustang Mach-E: The Stylish Daily Driver

The Mach-E is Ford’s answer to the Tesla Model Y. It’s sporty, tech-packed, and surprisingly practical. In 2024, the Mach-E Select (rear-wheel drive, 247-mile range) is a top lease pick. As of April 2024, Ford’s national offer in the U.S. was:

• $299/month for 36 months
• $4,500 due at signing (includes $7,500 tax credit and $1,500 lease cash)
• 10,500 miles/year
• MSRP: $43,895 (but effective cost: ~$15,000 over lease term)

Pro tip: The Mach-E Premium (320-mile range) is often just $50–$75 more per month. Worth it if you do road trips.

2. Ford F-150 Lightning: The Workhorse That’s Also a Luxury Ride

The Lightning isn’t just a pickup—it’s a mobile power station. With 10,000 lbs of towing and a 320-mile range (Extended Range model), it’s perfect for contractors, campers, or anyone who needs real utility. In 2024, Ford offered:

• $349/month for 36 months (XLT trim, Extended Range)
• $5,999 due at signing (after $7,500 tax credit and $2,000 lease cash)
• 10,500 miles/year
• MSRP: $65,095 (effective cost: ~$18,000 over lease term)

Bonus: The Lightning’s “frunk” (front trunk) is massive—great for groceries or gear. And with Ford’s Intelligent Backup Power, it can power your home during outages.

3. Ford E-Transit: The Business Owner’s Secret Weapon

If you run a delivery service, landscaping company, or mobile business, the E-Transit van is a game-changer. No gas, no emissions, and low operating costs. Ford’s 2024 lease deals for small businesses:

• $399/month for 36 months (350HD, 126-mile range)
• $3,999 due at signing (after $7,500 tax credit and $1,000 lease cash)
• 12,000 miles/year
• MSRP: $55,000 (effective cost: ~$17,400 over lease term)

Note: The E-Transit qualifies for additional commercial EV incentives in many states—ask your dealer.

4. Upcoming: 2025 Ford Explorer EV

Ford hasn’t released official lease terms yet, but early reports suggest the Explorer EV will be priced competitively with the Mach-E. Expect lease deals in the $325–$375/month range for a 300-mile-range model. Keep an eye on Ford’s website—this one could be a family favorite.

How to Score the Best Ford EV Lease Deal (Insider Tips)

Not all lease deals are created equal. Here’s how to avoid overpaying and get the best possible lease Ford electric car terms.

1. Time Your Lease to Ford’s Incentive Cycles

Ford typically rolls out new lease incentives on the 1st of each quarter (January, April, July, October). But the best deals often come in December and June, when dealers are trying to hit annual sales targets. I scored my Mach-E deal in June—Ford was offering an extra $1,000 in lease cash to clear inventory.

Set Google Alerts for “Ford EV lease deals” and check Ford’s website weekly. Deals change fast.

2. Negotiate the Cap Cost (It’s Not Set in Stone)

Most people focus on the monthly payment, but the real savings come from the capitalized cost (the price you’re leasing). Dealers often inflate this by $2,000–$5,000. Here’s how to fight back:

• Use Edmunds True Market Value or CarGurus Price Analysis to find the fair price.
• Ask for the “invoice price” (what the dealer paid). You should never pay more than 5–7% above invoice.
• Say: “I’m comparing multiple dealers. Can you match or beat this offer?”

Example: A Mach-E with an MSRP of $43,895 might have an invoice of $41,000. A $1,500 reduction here saves you $540 over a 36-month lease.

3. Leverage Multiple Incentives

You can stack incentives. For example:

• Federal tax credit: $7,500 (applied by the leasing company)
• State rebates: Up to $2,500 (e.g., $2,000 in California, $1,500 in New York)
• Ford lease cash: $1,500–$2,500 (varies by model and region)
• Utility company rebates: $500–$1,000 (e.g., PG&E, Con Edison)

Total savings: Up to $12,000+ in some areas. Ask your dealer for a full list of available rebates.

4. Choose the Right Lease Term and Mileage

Most Ford EV leases are 24, 36, or 39 months. Longer terms mean lower payments, but you’re locked in longer. I recommend 36 months—it balances flexibility and cost.

Mileage: 10,500/year is standard. If you drive less, ask for a 7,500-mile lease (saves $5–$10/month). If you drive more, avoid the 15,000-mile option—the overage fees ($0.25/mile) add up fast.

5. Watch Out for Hidden Fees

Read the fine print. Some dealers add:

• Acquisition fee: ~$645 (non-negotiable)
• Documentation fee: $500–$1,000 (can be negotiated)
• Disposition fee: $395 (charged when you return the car)

Ask: “Are all fees included in the due-at-signing amount?” If not, walk away.

Charging and Ownership: What to Expect with a Leased Ford EV

Leasing an EV means you’re not just paying for the car—you’re also managing charging, maintenance, and lifestyle changes. Here’s what you need to know.

Home Charging: The #1 Must-Have

You need a Level 2 charger at home. A Level 1 (regular outlet) adds only 3–5 miles of range per hour—not practical for daily use. A Level 2 (240V) charger adds 25–30 miles/hour.

• Cost: $500–$1,500 (charger + installation)
• Rebates: Many states and utilities cover 50–100% (e.g., $1,000 in Colorado, $600 in Illinois)
• Ford’s Offer: Free Charge Station Pro with F-150 Lightning leases (worth $1,310)

Pro tip: Install the charger before your car arrives. Most electricians can do it in a day.

Public Charging: Ford’s BlueOval Network

Ford EVs come with 2 years of free charging at BlueOval Charge Network stations (30,000+ chargers nationwide). This includes Electrify America, EVgo, and ChargePoint. Use the FordPass app to find chargers, start sessions, and pay.

Note: Free charging ends after 2 years. After that, rates vary by provider (~$0.30–$0.60/kWh).

Maintenance and Warranty

Ford’s EV warranty covers:

• Battery and electric motor: 8 years/100,000 miles
• Basic warranty: 3 years/36,000 miles
• Roadside assistance: 5 years/60,000 miles

During your lease, you’ll only need:

• Tire rotations (every 7,500–10,000 miles)
• Wiper fluid and cabin air filter
• 12V battery (if it dies)

No oil changes, no exhaust checks. Easy.

Returning Your Leased EV

When your lease ends, you’ll have three options:

• Return the car: Pay a $395 disposition fee and any excess wear/mileage charges.
• Buy it out: Pay the residual value (listed in your lease agreement). Sometimes this is a good deal if the car is worth more than the residual.
• Lease a new EV: Many dealers offer loyalty discounts if you lease another Ford.

Before returning, get a pre-inspection (free at most dealers). Fix minor issues like dents or stains to avoid charges.

Ford vs. Competitors: How Do Ford EV Leases Stack Up?

Ford isn’t the only player in the EV lease game. Let’s compare Ford’s 2024 deals to Tesla, Hyundai, and Chevrolet.

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Ford vs. Tesla

Tesla’s lease deals are often more expensive. For example:

• Tesla Model Y Long Range: $499/month (36 months, $6,500 due at signing)
• Ford Mach-E Premium: $349/month (36 months, $4,500 due at signing)

Tesla wins on charging network (Superchargers are everywhere), but Ford offers better value and more incentives.

Ford vs. Hyundai/Kia

Hyundai’s Ioniq 5 and Kia’s EV6 are strong contenders, with lease deals around $325–$375/month. But they lack Ford’s truck and van options. If you need utility, Ford’s F-150 Lightning and E-Transit are unmatched.

Ford vs. Chevrolet

Chevy’s Blazer EV and Equinox EV are new in 2024. Lease deals are competitive (~$300–$350/month), but Chevy’s charging network (GM’s Ultium Charge 360) is smaller than Ford’s BlueOval network.

Here’s a quick comparison of 2024 lease deals (36 months, 10,500 miles/year):

Model	Monthly Payment	Due at Signing	Range	Key Incentive
Ford Mach-E Select	$299	$4,500	247 miles	$7,500 tax credit + $1,500 lease cash
Ford F-150 Lightning XLT	$349	$5,999	320 miles	$7,500 tax credit + $2,000 lease cash
Chevrolet Equinox EV	$329	$4,999	300 miles	$7,500 tax credit
Hyundai Ioniq 5 SE	$349	$4,500	303 miles	$7,500 tax credit + $500 loyalty bonus
Tesla Model Y LR	$499	$6,500	330 miles	None (no tax credit for lessees)

Ford wins on value and incentives, especially for families and businesses.

Final Thoughts: Is a Ford EV Lease Right for You?

Leasing a Ford electric car in 2024 isn’t just smart—it’s strategic. You get cutting-edge tech, low operating costs, and massive savings from incentives, all while avoiding the long-term risks of ownership. Whether you’re a daily commuter, a weekend adventurer, or a small business owner, there’s a Ford EV lease that fits your life.

But here’s my final advice: Don’t rush. Take your time to compare deals, negotiate the cap cost, and plan your charging setup. I made the mistake of signing my first lease too quickly—I missed out on $1,000 in rebates. Learn from my error.

And remember: a lease Ford electric car isn’t just about the car. It’s about joining a movement toward cleaner, smarter transportation. Every mile you drive is a vote for a better future. So go ahead—test drive a Mach-E, feel the torque, and imagine what it’s like to never visit a gas station again. Your future self will thank you.

Frequently Asked Questions

What are the best lease deals for a Ford electric car in 2024?

Top 2024 lease deals on Ford electric cars, like the Mustang Mach-E and F-150 Lightning, often include low monthly payments, $0 down offers, and loyalty incentives. Check Ford’s official website or local dealers for limited-time promotions and regional specials.

How does leasing a Ford electric car compare to buying?

Leasing a Ford electric car offers lower monthly payments and flexibility to upgrade every few years, while buying builds equity and avoids mileage restrictions. Leasing also lets you take advantage of federal tax credits indirectly through reduced lease costs.

Can I lease a Ford electric car with bad credit?

Yes, but approval depends on your credit score and the lender’s policies. Some dealers offer subvented lease programs with flexible terms, though a lower credit score may result in higher monthly payments or a required down payment.

Are there mileage limits when I lease a Ford electric car?

Most Ford electric car leases include a 10,000–15,000 annual mileage allowance. Exceeding the limit incurs fees (typically $0.15–$0.25 per mile), but you can often purchase extra miles upfront if needed.

What incentives apply to a lease ford electric car in 2024?

Leasing a Ford electric car may qualify you for state rebates, utility discounts, and indirect federal tax credits passed through the leasing company. Always confirm eligible incentives with your dealer before signing.

Can I buy my Ford electric car after the lease ends?

Yes, most Ford leases offer a purchase option at the end, typically at a predetermined residual value. This is ideal if you’ve grown attached to the vehicle or want to avoid leasing another car.