Ford stops Leasing & Buying Electric Cars. Ford will stop leasing its three all-electric cars, the F-150 Lightning, the Mustang Mach-E, and the E-Transit Van, to new customers starting on June 15, 2022. These cars were once for sale.
Ford sent a letter to its dealers telling them that the E-Transit van, Mustang Mach-E, and F-150 Lightning will no longer be available to buy at the end of their leases. “You don’t have the option to buy the car at the end of the lease term,” says Ford. [Needs citation] [Needs citation] On June 15, this change went into effect in 37 states. The other 14 states and the District of Columbia will follow suit by the end of the third quarter.
CarsDirect was informed by Ford that the legitimacy of their communication was validated.
Which States Ford Stops Leasing & Buying Electric Vehicles:
The States where Ford’s choices for end-of-lease purchases will stop. The following states are listed:
|New Mexico||New York||North Carolina||North Dakota|
|South Carolina||South Dakota||Tennessee||Texas|
The fact that Ford did this shows that automakers are making leasing contracts more strict. Because of a lack of parts and the limits of technology, used cars can sell for as much as or even more than new ones. Ford may want to sell old EVs again after the first lease is up.
Ford’s move shows that automakers are making it harder to lease a car. Due to a lack of parts and technology, used cars can sell for as much as or more than new ones. After the lease is up, Ford might sell the old EVs.
Ford, GM, Stellantis, and Toyota lobby Congress to lift the cap on EV tax credits
Lease purchase options let people buy their cars for a set amount based on how much they are still worth. Ford seems to be trying to be like Tesla, which offers lease buyouts under certain conditions. In April, Tesla took away the option to buy out a lease for the Model 3 and Model Y. This year, the company that makes electric cars changed its website to match its new lease strategy.
“You can’t buy any Tesla that will be delivered on or after April 15, 2022.”
Battery Electric Vehicles (BEVs) are more environmentally friendly and affordable because of the company’s network of battery suppliers. Ford Motor Company wants to make Battery Electric Vehicles (BEVs) more environmentally friendly and affordable by bringing the complicated battery supply chain network closer to home and increasing battery production in the U.S.