Last day! It was fun expensive and …

[Woonkie]

The amount of problems I've been having with mine mixed with how many issues I see others having, I feel the same way. Just get this hunk of shit out of my driveway. I can't take another dealer visit.

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[Grumpy2]

The amount of problems I've been having with mine mixed with how many issues I see others having

You posted earlier:

"List of things that have broke on my Lighting in 9 months
defroster trim was lifting
Battery Diverter Valve
2 Battery Modules
2 Seat covers
Heater inside cabin stopped working
Tailgate motor
Charge port replaced wouldn’t open for high speed charge

Pretty horrible situation for a $95k vehicle"

I can see why you are upset and vented. However, if you paid $90k+, you will take a huge hit if you bail now just as the OP has done.
Perhaps the dealer you are using is part of your complaint?
Perhaps the worst is behind you?
Perhaps Nevada will agree you have a lemon?

 

[Woonkie]

You posted earlier:

"List of things that have broke on my Lighting in 9 months
defroster trim was lifting
Battery Diverter Valve
2 Battery Modules
2 Seat covers
Heater inside cabin stopped working
Tailgate motor
Charge port replaced wouldn’t open for high speed charge

Pretty horrible situation for a $95k vehicle"

I can see why you are upset and vented. However, if you paid $90k+, you will take a huge hit if you bail now just as the OP has done.
Perhaps the dealer you are using is part of your complaint?
Perhaps the worst is behind you?
Perhaps Nevada will agree you have a lemon?

waiting to hear back but doubtful, Nevada Lemon law is the same thing over and over breaking, mine has been different things each time. Last night I couldn't get the frunk to close and latch. It took me time searching but figured out that the latch closed and locked without it being down, a screwdriver fixed it but just another annoying issue.

 

[Acottrell]

For those saying to hold and the future depreciation is exaggerated, just wait another 1-3 years when these extremely cheap leases are up and the trucks flood the used market.

We will be trading in our lightning soon due to changes in family size and needs. While the slap in the face of trade in value today, I only was at 62.5k after rebates / discounts when I bought so not nearly as bad as those who paid msrp or close.
The market is splitting into those committed to drive it until it dies due to their needs being very consistent and meeting the use case, and those getting out due to changes in their needs either financially or lifestyle.

 

[NW Ontario Ford Lightning]

For those saying to hold and the future depreciation is exaggerated, just wait another 1-3 years when these extremely cheap leases are up and the trucks flood the used market.

For those planning to keep the truck a decade, the "market" is irrelevant.
The purchase price was set when they bought.
I compared two F-150's the ICE and the Lightning - over a ten year period the ICE would be double the cost total with fuel, than the EV with charging. -I mostly home charge, and our local overnight rate is crazy cheap 2.8cents/kWh.
Now imagine the price of gas climbs over that ten years...

 

[Ventorum94]

…Stating you would have stuck with the brand if they were more friendly? Were you not present when YOU made the deal? Did they shackle you to the seat and make you sign?…

Maybe you remember, maybe you don’t, but Ford actually LOWERED the price of a new Lightning after the details of the new EV rebates were known (lowered so more ER battery vehicles would qualify for the EV tax credit). Instant $10 depreciation hit for all earlier purchasers. Ford could have acknowledged their smackdown of 2022 and early 2023 buyers by offering them a special credit toward the purchase of another new Ford in the future. Any kind of concession at all would have been a nod toward customer appreciation. But no. Nothing. Stung at the time, still stings to remember it- but what goes around comes around, and someday those buyers will be shopping for new trucks, and will remember how much Ford appreciated their “donations.”

 

[Altivec]

Maybe you remember, maybe you don’t, but Ford actually LOWERED the price of a new Lightning after the details of the new EV rebates were known (lowered so more ER battery vehicles would qualify for the EV tax credit). Instant $10 depreciation hit for all earlier purchasers. Ford could have acknowledged their smackdown of 2022 and early 2023 buyers by offering them a special credit toward the purchase of another new Ford in the future. Any kind of concession at all would have been a nod toward customer appreciation. But no. Nothing. Stung at the time, still stings to remember it- but what goes around comes around, and someday those buyers will be shopping for new trucks, and will remember how much Ford appreciated their “donations.”

Maybe you remember, maybe you don't. When Ford announced the initial Lightning prices, they were substantially lower, so we all knew what they were supposed to cost. Due to overwhelming amounts of preorders, a pandemic, chip shortages, they increased the prices because they had no way of meeting demand. Dealers then tacked on another 25k above msrp. If you did not know you were overpaying at that time, I can't help you. This isn't a Ford thing, it happens for almost every product out there. When demand outpaces supply, prices get raised. There are two types of people, people like me who say, hell no, I'll wait until supply meets demand and prices drop, and then there are others that want to be first. They get to enjoy the spotlight of being first, get all the attention of showing their truck that nobody's seen before, etc. That comes at a price. No different than the Cybertruck, no different than the Silverado EV. Ford owes you squat because you made the decision to buy at the time you did and got to enjoy the perks that came with it. Most dealers have major sales at year end. Do you hold a grudge if you bought before the sale? Sorry, I just don't relate to this concept of blaming someone else for my decisions.

 

[Ventorum94]

I don’t regret buying the truck

Maybe you remember, maybe you don't. When Ford announced the initial Lightning prices, they were substantially lower, so we all knew what they were supposed to cost. Due to overwhelming amounts of preorders, a pandemic, chip shortages, they increased the prices because they had no way of meeting demand. Dealers then tacked on another 25k above msrp. If you did not know you were overpaying at that time, I can't help you. This isn't a Ford thing, it happens for almost every product out there. When demand outpaces supply, prices get raised. There are two types of people, people like me who say, hell no, I'll wait until supply meets demand and prices drop, and then there are others that want to be first. They get to enjoy the spotlight of being first, get all the attention of showing their truck that nobody's seen before, etc. That comes at a price. No different than the Cybertruck, no different than the Silverado EV. Ford owes you squat because you made the decision to buy at the time you did and got to enjoy the perks that came with it. Most dealers have major sales at year end. Do you hold a grudge if you bought before the sale? Sorry, I just don't relate to this concept of blaming someone else for my decisions.

I don’t regret buying the truck. I would not have paid over MSRP to a dealer, even for a truck I’d waited for and wanted for a long time- my dealer’s policy was to sell customer-ordered Lightnings at MSRP.
You write as though this happens every day, but in my experience it was unprecedented that Ford would drop the MSRP of a second-model-year vehicle by double digits.
How’s it working out for them? By the sales numbers, I’d say not too well. Such a short-sighted strategy overlooks retention of customers. I have read many comments on this forum of remorse over Lightning cost of ownership. This important aspect is, to a large degree, determined by Ford.
I was only suggesting that Ford could show their appreciation for early adopters, and perhaps build and sell two Lightnings to them instead of one-and-done, by offering a targeted customer-loyalty incentive to that group. They don’t owe me anything- but on the other hand, they should want me to look forward to owning my next new Ford, and act accordingly.

 

[Woonkie]

My Buyback was approved!

 

[TaxmanHog]

My Buyback was approved!

Are you buying a new Lightning or moving onward to another BEV truck or back to an ICE truck?

 

[flyct]

waiting to hear back but doubtful, Nevada Lemon law is the same thing over and over breaking, mine has been different things each time. Last night I couldn't get the frunk to close and latch. It took me time searching but figured out that the latch closed and locked without it being down, a screwdriver fixed it but just another annoying issue.

Nevada Lemon Law covers
1st year of ownership
Muktiple attemps for same issue
OR
Out of service for over 30 cumulative days.

 

[flyct]

My Buyback was approved!

The RAV team will contact you with offers. I believe Nevada has simmilar “usage charges” based on miles on odometer at first time you contacted them. Floe example Florida uses 120,000 miles as a base. If you reported first issue at 12,000 miles the usage charges will be 12,000/120,000 =10% of purchase price.

The value if usage charges are deducted after adding up full purchase price, sales taxes, fees etc.

Be aware that Usage fees are negotiable. When they send you the offer letter verbaly counter. They will easily reduce the usage charges by at least 50%.

Good luck and congrats.

 

[Hewiez]

I did not think the truck would’ve depreciated so much. I was wrong. I just don’t want to find out if I am wrong again .

My idea was to keep it for 10-12 years. Again, I just do not want to find out if it will make it etc.

But then again, with my luck, in 3 months gas prices go to 6$ ?

Dude, you have poor financial literacy. If you're expecting to keep a car 10+ years, then depreciation does not matter at all. Most of the depreciation is done in the first 3 years of a vehicles life. Holy smokes, this is why finance should be taught at an early age. You poor soul.

 

[data003]

Anyone in this thread who bought early and paid full price is at risk of horrible depreciation. Just think about what would happen if your truck was totaled. Insurance will not help. (Yes, I’m aware insurance does have specific coverage for this but typically only lasts a year, never three years)

I bought in early, planned to keep the truck for 8+ years but life didn’t work out that way. The depreciation on these trucks is a real problem and the experience has me hesitant to buy back in again.

 

[Tony Burgh]

Anyone in this thread who bought early and paid full price is at risk of horrible depreciation. Just think about what would happen if your truck was totaled. Insurance will not help. (Yes, I’m aware insurance does have specific coverage for this but typically only lasts a year, never three years)

I bought in early, planned to keep the truck for 8+ years but life didn’t work out that way. The depreciation on these trucks is a real problem and the experience has me hesitant to buy back in again.

So you should be able to buy a used Lightning armed with actual depreciation value.

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