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The average cost of owning a Ford F-150 Lightning for 5 years is $72,740. This total will vary per vehicle, driver and location. These ownership expenses include:
| Cost | Value | Percent |
|---|---|---|
| $41,514 | 57% | |
| $13,960 | 19% | |
| $11,640 | 16% | |
| $3,395 | 5% | |
| $2,232 | 3% |
This grade is our unbiased, trusted and candid financial assessment of whether the Ford F-150 Lightning is likely to be a good or bad automobile investment. Learn more about our Value Ratings and methodology.
A Ford F-150 Lightning will depreciate in value by $41,514 after 5 years. Depreciation is difficult to avoid, but it can be managed. Depreciation is the difference between the original sales price, and what the vehicle will be worth in the future.
When new, a typically-equipped Ford F-150 Lightning sells for $74,558 on average. After 5 years of depreciation, the average residual value will be $33,044. Use our Ford F-150 Lightning Depreciation Calculator to see how model year and mileage affect your resale value.
The average annual cost for auto insurance for a Ford F-150 Lightning is $2,792, which adds up to $13,960after 5 years of ownership. These insurance costs are estimates based on national averages for a 40 year old, with full coverage, a good driving record, and good credit. They also assume a single-car policy, and won't reflect any multi-car discounts. See our Ford F-150 Lightning Insurance Calculator to view rates by state, for different driver ages, credit ratings and driving history.
Ford F-150 Lightninginsurance rates will vary significantly between providers for the same coverage. If you've been with your current insurance company for more than a few years, you should get new quotes to make sure you're not overpaying. Try our Competitive Quote Tool or the form below to get free quotes to lower your insurance costs.
Maintenance and repair costs for a Ford F-150 Lightning will amount to $2,232 after 5 years. Expenses include scheduled maintenance, normal wear-and-tear items and expected repairs. These estimates exclude any free warranty work performed.
The region you live in, and the way you care for and drive your vehicle can have a big impact on these costs. Our Ford F-150 Lightning Maintenance Cost Estimator shows how much you are likely to spend, and the probabilities of a major repair over 10 years.
The average cost to finance a new Ford F-150 Lightning would be $11,640 after 5 years. This assumes a 72-month loan with an APR of 6.99% and a 20% down payment. Financing costs are a vehicle cost that you can control. Your interest expense can be greatly reduced by changing your loan term, improving your credit score, or increasing your down payment.
Our Ford F-150 Lightning Loan Calculator allows you to build a loan that's best suited for you. This handy utility will also help to keep you from becoming upside down, where you end up owing more than the vehicle is worth. You can estimate monthly payments and download the full amortization schedule as well. We've highlighted some typical loan scenarios in the table below. See what a difference a larger down payment will make in lowering your financing costs and your monthly payments.
A Ford F-150 Lightning will cost a total of $3,395 for fuel after 5 years, or about $679 annually. These estimates are based on recently collected national average fuel prices, assuming 15,000 miles driven per year - 55% city and 45% highway. These figures also reflect current EPA estimates. Fuel costs will vary based on your driving style, fuel prices in your area, and the engine that will be in your vehicle.
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Our 5-year total covers depreciation, insurance, maintenance, financing, and fuel. Figures assume a 40-year-old driver, good credit, 72-month loan at 6.99% APR, 20% down, and 15,000 miles/year.
We aggregate and analyze millions of automotive data points from a variety of the industry's leading data providers. The insights and information on this page represent the overall averages of the combined costs of vehicle ownership. This information should be used as a general guide, as your individual results may vary significantly from that which is shown. Our mission is to provide car buyers with the resources they need to make informed purchase decisions. To learn more, see our FAQs.
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