Last day! It was fun expensive and …

[flyct]

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

if I were looking to buy the best value would be a lightly used 2023 Lariat loaded with max tow etc.

I bought my 23 Loaded lariat after major Ford price decrease in July of 2022. My truck was re.invoiced by Ford about $8k less than original sticker price whe it was built.

I sold the 23 Lariat to the dealer and leased a 24 Pkatinum about a month ago. They put it on their lot and listed the 23 for $55.9k plus $1k dealer fee. It was sold on a week. That’s about $6k less than I paid from it factoring in incentives and tax credits when I purchased it new 1-1/2 years earlier.

The 24 Platinum “sale price” on the lease agreement after rebates, incentives and ECO was about $5k more than paid for my 23 Lariat when new.

Of course there are fees and taxes involved but I ended up with a 1 year newer truck, upgraded trim level and fresh warranty.

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[Woonkie]

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

No decision yet. Waiting for my offers. I love this truck. But it has to be the most unreliable vehicle I’ve ever seen. Everyday someone posts at least 1 massive problem with their truck. This is not normal. People with other EVs are not having module replacements at 20k miles at the rate these Lightning’s are. Every ev forum or Facebook page I’m on has no problems posted except Lightning. Not to mention this horrendous software update situation. They’re making us hack our cars instead of pushing updates to everyone at once. So yeah. Most likely going to Rivian or Silverado ev. Wait for the next version of Lightning. Let Ford work it out. But from what I’ve been reading. Looks like they could abandon it because of how much they’re losing. People may not like it. But overall this project was a failure for Ford.

 

[chrsbabr]

No decision yet. Waiting for my offers. I love this truck. But it has to be the most unreliable vehicle I’ve ever seen. Everyday someone posts at least 1 massive problem with their truck. This is not normal. People with other EVs are not having module replacements at 20k miles at the rate these Lightning’s are. Every ev forum or Facebook page I’m on has no problems posted except Lightning. Not to mention this horrendous software update situation. They’re making us hack our cars instead of pushing updates to everyone at once. So yeah. Most likely going to Rivian or Silverado ev. Wait for the next version of Lightning. Let Ford work it out. But from what I’ve been reading. Looks like they could abandon it because of how much they’re losing. People may not like it. But overall this project was a failure for Ford.

You do understand that online forums and boards generally are where people go to complain and get information about problems, they aren't flocking online to rave about things. Its a skewed view.

 

[Whammy Bar]

You do understand that online forums and boards generally are where people go to complain and get information about problems, they aren't flocking online to rave about things. Its a skewed view.

I'm on the Rivian, Tesla, Bolt, Leaf, and a few other forums cause I'm looking for my next vehicle. The Lightning is far and away the most complained about of all of the above.

 

[Deleted member 17600]

Just drive a new F150 for a couple weeks and you will probably fall in love with the lightning again after it is worked on. I was contemplating selling but now that it is right I like driving it way too much to part with it prematurely…..
Best of luck with whatever you replace it with and let us know your impressions of the next vehicle in a year or more….

 

[Woonkie]

You do understand that online forums and boards generally are where people go to complain and get information about problems, they aren't flocking online to rave about things. Its a skewed view.

Yeah every Lightning owner says this. I own a few EVs. F150 pages are the only ones where this is happening.

 

[Woonkie]

I'm on the Rivian, Tesla, Bolt, Leaf, and a few other forums cause I'm looking for my next vehicle. The Lightning is far and away the most complained about of all of the above.

100% it’s weird how many Lightning owners don’t see this. I’ve never even thought about a buyback. This truck has buybacks happening everywhere. It’s literally something I didn’t think happens. While owners here are just saying “everything is fine” just another post of a person with a malfunction. Totally normal. just a bunch of whiners complaining about 40k worth of battery module replacements. On a new truck

 

[Woonkie]

Just drive a new F150 for a couple weeks and you will probably fall in love with the lightning again after it is worked on. I was contemplating selling but now that it is right I like driving it way too much to part with it prematurely…..
Best of luck with whatever you replace it with and let us know your impressions of the next vehicle in a year or more….

This is my problem. Best vehicle I’ve owned. But totally unreliable. Too many things glitching and breaking. I’ll wind up with another one though most likely. If I can find one

 

[flyct]

I'm on the Rivian, Tesla, Bolt, Leaf, and a few other forums cause I'm looking for my next vehicle. The Lightning is far and away the most complained about of all of the above.

As a former Leaf owner and current Tesla and Lightning owner I disagree with your observation about complaints.

1000’s of Leaf owners have had and are are having their cars bought back because of severe battery degradation. Rarely do they make it to EV warranty expiration date without battery degradation of more than 30%. I was in a buyback negotiation with Nissan due to multiple issues and prior to an offer it was totaled.

Do a search for Leaf Rapidgate. Battery gets overheated when fast charging.


My Teslas have been reliable but the Tesla service process is horrible. You can’t talk to a human at all. Plus their service centers are few and far apart. I have only one Tesla service center within 100 miles from home. There are 42 Ford dealers within 100 miles of my home.

The local Nissan dealer only has one EV tech, Robert, and I’m on a first name bases with him due to multiple issues.

Talk about fiasco, Bolt battery fires that caused recall for ALL BOLTS from 2017-2022. Plus drive a Bolt. After driving a Lightning you will hate the way the Bolt drives. It’s a tin can.

 

[NW Ontario Ford Lightning]

Definitely lots about the early Leaf - although it seem that was taken care of in the current version with active cooling system (? not sure, but was told this recently by owner of one)

We should remember there is a lot going on with the developments of the technology in these vehicles, batteries, charging networks- as we buy and use them, new developments with continue to improve on the platform.

I for one am super happy with my new Lighning, and am excited to see new battery technology and features develop in the years to come. If I run this truck for ten years, I can't even imagine what the next ones' capabilities will be...excited to see!

 

[Woonkie]

And see, this is just you expressing that bias towards a lack reliability. Nobody is saying "everything is fine", in fact, you are the one taking an extreme viewpoint, not others. What people are claiming is your views are biased, not that there are NO problems. Because someone disagree does not mean they hold the extreme opposite view.

And nobody has had $40,000 in battery replacement. Again, another example of you taking the extreme viewpoint yet claiming it's everyone else.

If this was an honest assessment you wouldn't be using such biased arguments.

lol. Calm down. It’s a car.

 

[TaxmanHog]

TRUCK

 

[Grease Lightning]

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$ ?

You do realize that you are the one realizing your loss? ?

Just like in the stock market stocks go up and that same stock goes down. You only actually loose money when you decide to sell.

so in your case and what you are claiming in keeping it 10-12 years, the truck before rebates would have cost you $80,000. If your annualized that cost it is $6,700-$8,000.

Not understanding how money and depreciating assets work, rather then keeping the truck you claim you still like, you are now monetizing your loss at three years, so rather then a cost of $6,700 you are happy writing a $10,000 check cause you are upside down in equity and are now making your cost over your term of ownership is $13,000, including having to take $10,000 out of your savings….

Yeah not a wise financial decision to sell if you genuinely had planned on keeping it for 10-12 years anyway….?‍

 

[Grease Lightning]

If you were going to keep it 10 to 12 years, why did you care what it was worth right now?

Because everyone thinks their car will appreciate not be a depreciating asset.

Look at all the CyberDumpter owners that bought thinking they were going to make thousands because of the long long long list of reservation holders that eroded away and left Tesla with egg and the glue that should have been on the body panels on their face.

 

[Grease Lightning]

Do you understand what opportunity cost is? Do you understand that with cash freed up you could buy 5 lightning cash now with the money made shorting the market last week?

Bingo and that is why you are making a bad bad decision. Invest that $10,000 you are writing a check to your lender to get out from under a depreciated asset.

Guess what, my lightnings funds work for me and I happily pay the payment each month because what I could pay off is invested. Something you could be doing with that $10,000 but you would rather sell something now that you knew was going to be worth only $10-$15,000, at 12 years anyway.

You made a bad decision that is great, but that one is on you. Let me say it one more time, it is a depreciating asset, of course you are losing money by selling it….?‍

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