Ford - Powerboost or Lightning
5-Aug-22 10:57am
#1 MrBean
I'm torn on what to do and have to make a decision quickly.
So I reserved a Lightning (on day 3) and didn't make the cut this year. So I caved, and put in for a 2022 Powerboost (Limited) about 5 months ago (with a Z plan - that is not a guarantee to be available to me next year). Just got notified that it'll be assembled near end of September (after 5 months of zero communication).
My lease was up 8 months ago (2018 Platinum with 44k miles - should end around 8k or more miles under lease); however, I kept extending monthly in waiting to trade in towards next one.
I'm sure I probably should have simply bought out the lease and sold open market (still can); however, with the fee's and hassle of buying then selling ... I was/am naively optimistic that my dealership will get me close enough to close the gap between private and trade-in with all the fee's managed. My dealership told me typically, that open market only makes sense if you can make > 7% of cost to cover all the fee's/tax/etc. when buying out the lease.
KBB is saying I should be somewhere between $42k to $50k for the value of my truck, yet I just tried out Carvana & Vroom and they both offered me $38k --- not great leverage to show the dealership!
I'm stuck in debate, and I have to crap or get of the pot really soon. A few questions/points:
- Do I wait out the Lightning and skip the Powerboost? The cost of gas seems to be coming down relatively quick, hope/assume it will continue to decline, but who knows!
- First gen of Ford's EV seems to be going well ... but 300 miles max, leaves for some anxiety (even though there's a ton of charging stations out there now), and you know their next gen they'll probably have a much longer distance.
- That damn Frunk, man I want that ... grocery shopping with kids/dogs in a truck, pain in the ass.
- No timeline as of now on when the '23 Lightning will even be available.
- Do I buy out my current lease and attempt to sell open market?
- I'm nervous about the payment on a Limited If I don't get a good offer on trade-in, probably overdid it here but got excited having a Z plan for the first time
Thanks for any/all feedback
#1 MrBean
I'm torn on what to do and have to make a decision quickly.
So I reserved a Lightning (on day 3) and didn't make the cut this year. So I caved, and put in for a 2022 Powerboost (Limited) about 5 months ago (with a Z plan - that is not a guarantee to be available to me next year). Just got notified that it'll be assembled near end of September (after 5 months of zero communication).
My lease was up 8 months ago (2018 Platinum with 44k miles - should end around 8k or more miles under lease); however, I kept extending monthly in waiting to trade in towards next one.
I'm sure I probably should have simply bought out the lease and sold open market (still can); however, with the fee's and hassle of buying then selling ... I was/am naively optimistic that my dealership will get me close enough to close the gap between private and trade-in with all the fee's managed. My dealership told me typically, that open market only makes sense if you can make > 7% of cost to cover all the fee's/tax/etc. when buying out the lease.
KBB is saying I should be somewhere between $42k to $50k for the value of my truck, yet I just tried out Carvana & Vroom and they both offered me $38k --- not great leverage to show the dealership!
I'm stuck in debate, and I have to crap or get of the pot really soon. A few questions/points:
- Do I wait out the Lightning and skip the Powerboost? The cost of gas seems to be coming down relatively quick, hope/assume it will continue to decline, but who knows!
- First gen of Ford's EV seems to be going well ... but 300 miles max, leaves for some anxiety (even though there's a ton of charging stations out there now), and you know their next gen they'll probably have a much longer distance.
- That damn Frunk, man I want that ... grocery shopping with kids/dogs in a truck, pain in the ass.
- No timeline as of now on when the '23 Lightning will even be available.
- Do I buy out my current lease and attempt to sell open market?
- I'm nervous about the payment on a Limited If I don't get a good offer on trade-in, probably overdid it here but got excited having a Z plan for the first time
Thanks for any/all feedback
5-Aug-22 11:22am
#3 MrBean
Scott wrote:
This is the daily reminder of how loaded Bean is.
Eh? That's not my intent and if so, I apologize. I wish I was loaded ...
#3 MrBean
Scott wrote:
This is the daily reminder of how loaded Bean is.
Eh? That's not my intent and if so, I apologize. I wish I was loaded ...
5-Aug-22 11:24am
#4 Finn
I pretty sure the max 300 miles range is under full load, and a lot better when not hauling/towing anything. Still, I get what you mean. Leasing an EV is crazy smart IMO the way battery tech is going and what we could be seeing in the next 5-10 years. I would love to get a lightning but there is also a complete lack of charging infrastructure here, I live in a oil town and it's that or nothing it seems. However we have seen a small shift, There are a couple of Tesla's and about 2-3 Mustang Mach E's and a few charging stations... but not enough to make me say that's enough to go get one. Hopefully soon.
Though it's nice to see another person that see's the value in leasing.
#4 Finn
I pretty sure the max 300 miles range is under full load, and a lot better when not hauling/towing anything. Still, I get what you mean. Leasing an EV is crazy smart IMO the way battery tech is going and what we could be seeing in the next 5-10 years. I would love to get a lightning but there is also a complete lack of charging infrastructure here, I live in a oil town and it's that or nothing it seems. However we have seen a small shift, There are a couple of Tesla's and about 2-3 Mustang Mach E's and a few charging stations... but not enough to make me say that's enough to go get one. Hopefully soon.
Though it's nice to see another person that see's the value in leasing.
5-Aug-22 11:29am
#5 MrBean
Finn wrote:
I pretty sure the max 300 miles range is under full load, and a lot better when not hauling/towing anything. Still, I get what you mean. Leasing an EV is crazy smart IMO the way battery tech is going and what we could be seeing in the next 5-10 years. I would love to get a lightning but there is also a complete lack of charging infrastructure here, I live in a oil town and it's that or nothing it seems. However we have seen a small shift, There are a couple of Tesla's and about 2-3 Mustang Mach E's and a few charging stations... but not enough to make me say that's enough to go get one. Hopefully soon. Though it's nice to see another person that see's the value in leasing.
Ugh, that sucks man, hopefully within a few years we'll see a lot more stations going in across the nation. There's a lot of charging stations popping up all around Northeast Ohio. We do like to hit the road though, and while I know it's probably a non-issue, the anxiety is real of "what-if".
I've never leased until I met my wife. This is going to be my 4th lease, and while it sucks having a never ending payment ... it's nice having something new, at a lower cost, every few years.
Totally agreed on leasing the EV, would be a poor decision to buy as it'll be immediately outdated. Yet, I just don't know when I'd actually get access to one - ideally/maybe next year? I can't find any hard facts on when the prebuys from 2022 will be available in 2023.
I'd hate to go buy this Powerboost now and then get the call "hey, your Lightning is ready!".
Also, we're hoping to move within a year, but if we're still here and I get the Lightning, It'd take a fair amount of effort to run a new power line to my garage for charging.
My gut says stick with the Powerboost, trade-in after 3 years, hope for a gen 2 Lightning. Yet, cost of vehicle, gas, cool factor ... all say wait a bit longer for the Lightning.
#5 MrBean
Finn wrote:
I pretty sure the max 300 miles range is under full load, and a lot better when not hauling/towing anything. Still, I get what you mean. Leasing an EV is crazy smart IMO the way battery tech is going and what we could be seeing in the next 5-10 years. I would love to get a lightning but there is also a complete lack of charging infrastructure here, I live in a oil town and it's that or nothing it seems. However we have seen a small shift, There are a couple of Tesla's and about 2-3 Mustang Mach E's and a few charging stations... but not enough to make me say that's enough to go get one. Hopefully soon. Though it's nice to see another person that see's the value in leasing.
Ugh, that sucks man, hopefully within a few years we'll see a lot more stations going in across the nation. There's a lot of charging stations popping up all around Northeast Ohio. We do like to hit the road though, and while I know it's probably a non-issue, the anxiety is real of "what-if".
I've never leased until I met my wife. This is going to be my 4th lease, and while it sucks having a never ending payment ... it's nice having something new, at a lower cost, every few years.
Totally agreed on leasing the EV, would be a poor decision to buy as it'll be immediately outdated. Yet, I just don't know when I'd actually get access to one - ideally/maybe next year? I can't find any hard facts on when the prebuys from 2022 will be available in 2023.
I'd hate to go buy this Powerboost now and then get the call "hey, your Lightning is ready!".
Also, we're hoping to move within a year, but if we're still here and I get the Lightning, It'd take a fair amount of effort to run a new power line to my garage for charging.
My gut says stick with the Powerboost, trade-in after 3 years, hope for a gen 2 Lightning. Yet, cost of vehicle, gas, cool factor ... all say wait a bit longer for the Lightning.
5-Aug-22 11:39am
#6 Scott
MrBean wrote:
Scott wrote:> This is the daily reminder of how loaded Bean is. Eh? That's not my intent and if so, I apologize. I wish I was loaded ...
I thought my joking was obvious, I was just messing with you buddy! You do seem to have a lot of mullah though.
#6 Scott
MrBean wrote:
Scott wrote:> This is the daily reminder of how loaded Bean is. Eh? That's not my intent and if so, I apologize. I wish I was loaded ...
I thought my joking was obvious, I was just messing with you buddy! You do seem to have a lot of mullah though.
5-Aug-22 11:42am
#7 MrBean
Scott wrote:
MrBean wrote:> Scott wrote: |>> This is the daily reminder of how loaded Bean is. > > Eh? That's not my intent and if so, I apologize. I wish I was loaded ... I thought my joking was obvious, I was just messing with you buddy! You do seem to have a lot of mullah though.
ha, we do well, but ... two kids and a stupid life style, leaves us always fighting against credit card debt. We just got everything paid off again a couple months ago and of course ... we resumed stupidity. Got some really cool stuff though
We splurged and got our kid a new "jeep" and my god he's in love with it, makes it worthwhile - https://www.amazon.c...
Ahhh, the American Dream, always living in debt!
#7 MrBean
Scott wrote:
MrBean wrote:> Scott wrote: |>> This is the daily reminder of how loaded Bean is. > > Eh? That's not my intent and if so, I apologize. I wish I was loaded ... I thought my joking was obvious, I was just messing with you buddy! You do seem to have a lot of mullah though.
ha, we do well, but ... two kids and a stupid life style, leaves us always fighting against credit card debt. We just got everything paid off again a couple months ago and of course ... we resumed stupidity. Got some really cool stuff though
We splurged and got our kid a new "jeep" and my god he's in love with it, makes it worthwhile - https://www.amazon.c...Ahhh, the American Dream, always living in debt!
5-Aug-22 12:07pm
#8 BlueJava
Scott wrote:
This is the daily reminder of how loaded Bean is. Dude took a heavy loss on the GameStop fiasco, currently trying to buy a house (really damn nice ones), choosing between trucks and he's still going hard. I only experience this level of financial freedom in dollar general.
#8 BlueJava
Scott wrote:
This is the daily reminder of how loaded Bean is. Dude took a heavy loss on the GameStop fiasco, currently trying to buy a house (really damn nice ones), choosing between trucks and he's still going hard. I only experience this level of financial freedom in dollar general.
5-Aug-22 12:16pm
#9 MrBean
BlueJava wrote:
Dude took a heavy loss on the GameStop fiasco, currently trying to buy a house (really damn nice ones), choosing between trucks and he's still going hard. I only experience this level of financial freedom in dollar general.
Thankfully, I got out of the GameStop fiasco relatively unscathed. In total I think I lost less than a grand tops. It's DOGE/SHIB that's currently fudging my day up (down around $15k, wompers!). I'm clearly a big dumb animal.
Man, Dollar General doesn't even sell stuff for a dollar anymore though do they?
#9 MrBean
BlueJava wrote:
Dude took a heavy loss on the GameStop fiasco, currently trying to buy a house (really damn nice ones), choosing between trucks and he's still going hard. I only experience this level of financial freedom in dollar general.
Thankfully, I got out of the GameStop fiasco relatively unscathed. In total I think I lost less than a grand tops. It's DOGE/SHIB that's currently fudging my day up (down around $15k, wompers!). I'm clearly a big dumb animal.
Man, Dollar General doesn't even sell stuff for a dollar anymore though do they?
5-Aug-22 12:57pm
#10 Chad
Finn wrote:
I pretty sure the max 300 miles range is under full load, and a lot better when not hauling/towing anything.
Unfortunately not the case. There have been ongoing reports of people getting as low as 60 mile range with the extended range battery up to about 150 mile range with teh extended range while towing something significant (say 5000 pounds). It sounds like the lightning straight up sucks with campers/ horse trailers that give extra wind resistance, those are typically the numbers down in the 60-80 mile range.
I haven't seen similar tests for payload yet, but I bet with a 2000 pound payload, that 300 mile range would drop closer to 200.
IMO the lighting isn't yet there for the truck duties unless you know you'd never have to travel more than 100 miles round trip with a heavy trailer. If you are someone that buys trucks as a commuter, i'm sure the lightning will be one of the best on market. But if you need your truck to tow or haul frequently, I'd stick with ICE/hybrid.
#10 Chad
Finn wrote:
I pretty sure the max 300 miles range is under full load, and a lot better when not hauling/towing anything.
Unfortunately not the case. There have been ongoing reports of people getting as low as 60 mile range with the extended range battery up to about 150 mile range with teh extended range while towing something significant (say 5000 pounds). It sounds like the lightning straight up sucks with campers/ horse trailers that give extra wind resistance, those are typically the numbers down in the 60-80 mile range.
I haven't seen similar tests for payload yet, but I bet with a 2000 pound payload, that 300 mile range would drop closer to 200.
IMO the lighting isn't yet there for the truck duties unless you know you'd never have to travel more than 100 miles round trip with a heavy trailer. If you are someone that buys trucks as a commuter, i'm sure the lightning will be one of the best on market. But if you need your truck to tow or haul frequently, I'd stick with ICE/hybrid.
5-Aug-22 1:09pm
#11 Finn
Chad wrote:
Finn wrote:> I pretty sure the max 300 miles range is under full load, and a lot better when not> hauling/towing anything. Unfortunately not the case. There have been ongoing reports of people getting as low as 60 mile range with the extended range battery up to about 150 mile range with teh extended range while towing something significant (say 5000 pounds). It sounds like the lightning straight up sucks with campers/ horse trailers that give extra wind resistance, those are typically the numbers down in the 60-80 mile range. I haven't seen similar tests for payload yet, but I bet with a 2000 pound payload, that 300 mile range would drop closer to 200. IMO the lighting isn't yet there for the truck duties unless you know you'd never have to travel more than 100 miles round trip with a heavy trailer. If you are someone that buys trucks as a commuter, i'm sure the lightning will be one of the best on market. But if you need your truck to tow or haul frequently, I'd stick with ICE/hybrid.
oh damn that sucks.
#11 Finn
Chad wrote:
Finn wrote:> I pretty sure the max 300 miles range is under full load, and a lot better when not> hauling/towing anything. Unfortunately not the case. There have been ongoing reports of people getting as low as 60 mile range with the extended range battery up to about 150 mile range with teh extended range while towing something significant (say 5000 pounds). It sounds like the lightning straight up sucks with campers/ horse trailers that give extra wind resistance, those are typically the numbers down in the 60-80 mile range. I haven't seen similar tests for payload yet, but I bet with a 2000 pound payload, that 300 mile range would drop closer to 200. IMO the lighting isn't yet there for the truck duties unless you know you'd never have to travel more than 100 miles round trip with a heavy trailer. If you are someone that buys trucks as a commuter, i'm sure the lightning will be one of the best on market. But if you need your truck to tow or haul frequently, I'd stick with ICE/hybrid.
oh damn that sucks.
5-Aug-22 4:17pm
#13 MrBean
Chad wrote:
Finn wrote:> I pretty sure the max 300 miles range is under full load, and a lot better when not> hauling/towing anything. Unfortunately not the case. There have been ongoing reports of people getting as low as 60 mile range with the extended range battery up to about 150 mile range with teh extended range while towing something significant (say 5000 pounds). It sounds like the lightning straight up sucks with campers/ horse trailers that give extra wind resistance, those are typically the numbers down in the 60-80 mile range. I haven't seen similar tests for payload yet, but I bet with a 2000 pound payload, that 300 mile range would drop closer to 200. IMO the lighting isn't yet there for the truck duties unless you know you'd never have to travel more than 100 miles round trip with a heavy trailer. If you are someone that buys trucks as a commuter, i'm sure the lightning will be one of the best on market. But if you need your truck to tow or haul frequently, I'd stick with ICE/hybrid.
Wow, 60-150!? Jesus, that would be awful.
Well for now, we got rid of our trailer and went to an RV. So my truck (for now), won't be towing anything. So really it's more commuter (and not even that much as I've been working from home for 9 years now). I only put 40k miles on my truck after 3.5+ years.
Down the line, I want to get a trailer for some toys (quad/boat/etc.) which yeah ... I can't foresee this current gen being worth the time.
#13 MrBean
Chad wrote:
Finn wrote:> I pretty sure the max 300 miles range is under full load, and a lot better when not> hauling/towing anything. Unfortunately not the case. There have been ongoing reports of people getting as low as 60 mile range with the extended range battery up to about 150 mile range with teh extended range while towing something significant (say 5000 pounds). It sounds like the lightning straight up sucks with campers/ horse trailers that give extra wind resistance, those are typically the numbers down in the 60-80 mile range. I haven't seen similar tests for payload yet, but I bet with a 2000 pound payload, that 300 mile range would drop closer to 200. IMO the lighting isn't yet there for the truck duties unless you know you'd never have to travel more than 100 miles round trip with a heavy trailer. If you are someone that buys trucks as a commuter, i'm sure the lightning will be one of the best on market. But if you need your truck to tow or haul frequently, I'd stick with ICE/hybrid.
Wow, 60-150!? Jesus, that would be awful.
Well for now, we got rid of our trailer and went to an RV. So my truck (for now), won't be towing anything. So really it's more commuter (and not even that much as I've been working from home for 9 years now). I only put 40k miles on my truck after 3.5+ years.
Down the line, I want to get a trailer for some toys (quad/boat/etc.) which yeah ... I can't foresee this current gen being worth the time.
5-Aug-22 4:18pm
#14 MrBean
Bishop wrote:
Powerboost, infrastructure and range isn't there yet for EV trucks. Easy.
This is the kinda of reassurance I was looking for. I think in my area, I'd be good, but traveling (which we plan on doing much more, both with the truck and the RV), the angst is real and not something I'm ready to deal with.
#14 MrBean
Bishop wrote:
Powerboost, infrastructure and range isn't there yet for EV trucks. Easy.
This is the kinda of reassurance I was looking for. I think in my area, I'd be good, but traveling (which we plan on doing much more, both with the truck and the RV), the angst is real and not something I'm ready to deal with.
5-Aug-22 4:55pm
#15 Chad
MrBean wrote:
Chad wrote:> Finn wrote: |>> I pretty sure the max 300 miles range is under full load, and a lot better when> not |>> hauling/towing anything. > > Unfortunately not the case. There have been ongoing reports of people getting as> low as 60 mile range with the extended range battery up to about 150 mile range with> teh extended range while towing something significant (say 5000 pounds). It sounds> like the lightning straight up sucks with campers/ horse trailers that give extra> wind resistance, those are typically the numbers down in the 60-80 mile range.> > I haven't seen similar tests for payload yet, but I bet with a 2000 pound payload,> that 300 mile range would drop closer to 200.> > IMO the lighting isn't yet there for the truck duties unless you know you'd never> have to travel more than 100 miles round trip with a heavy trailer. If you are someone> that buys trucks as a commuter, i'm sure the lightning will be one of the best on> market. But if you need your truck to tow or haul frequently, I'd stick with ICE/hybrid. Wow, 60-150!? Jesus, that would be awful. Well for now, we got rid of our trailer and went to an RV. So my truck (for now), won't be towing anything. So really it's more commuter (and not even that much as I've been working from home for 9 years now). I only put 40k miles on my truck after 3.5+ years. Down the line, I want to get a trailer for some toys (quad/boat/etc.) which yeah ... I can't foresee this current gen being worth the time. I'm not sure how much credence to put into the lower numbers. The ones that go into details it tends to be stuff like they were towing a 9500 pound horse trailer while driving up the continental divide and passing people at 120 mph. Like I think they were able to achieve the numbers but were trying to get a bad of results as possible.
The numbers coming in from like 120-200 are the ones that sound most realistic. real life conditions.
#15 Chad
MrBean wrote:
Chad wrote:> Finn wrote: |>> I pretty sure the max 300 miles range is under full load, and a lot better when> not |>> hauling/towing anything. > > Unfortunately not the case. There have been ongoing reports of people getting as> low as 60 mile range with the extended range battery up to about 150 mile range with> teh extended range while towing something significant (say 5000 pounds). It sounds> like the lightning straight up sucks with campers/ horse trailers that give extra> wind resistance, those are typically the numbers down in the 60-80 mile range.> > I haven't seen similar tests for payload yet, but I bet with a 2000 pound payload,> that 300 mile range would drop closer to 200.> > IMO the lighting isn't yet there for the truck duties unless you know you'd never> have to travel more than 100 miles round trip with a heavy trailer. If you are someone> that buys trucks as a commuter, i'm sure the lightning will be one of the best on> market. But if you need your truck to tow or haul frequently, I'd stick with ICE/hybrid. Wow, 60-150!? Jesus, that would be awful. Well for now, we got rid of our trailer and went to an RV. So my truck (for now), won't be towing anything. So really it's more commuter (and not even that much as I've been working from home for 9 years now). I only put 40k miles on my truck after 3.5+ years. Down the line, I want to get a trailer for some toys (quad/boat/etc.) which yeah ... I can't foresee this current gen being worth the time. I'm not sure how much credence to put into the lower numbers. The ones that go into details it tends to be stuff like they were towing a 9500 pound horse trailer while driving up the continental divide and passing people at 120 mph. Like I think they were able to achieve the numbers but were trying to get a bad of results as possible.
The numbers coming in from like 120-200 are the ones that sound most realistic. real life conditions.
5-Aug-22 8:48pm
#16 BlueJava
MrBean wrote:
Man, Dollar General doesn't even sell stuff for a dollar anymore though do they?
I only go there to get their version of angel soft toilet paper because it pairs well with my butt and my septic. Nothing in the store is a dollar and if it is it's downsized so much people are overpaying per ounce. I've noticed people going in there buying grocery carts full of stuff and are outside re-bagging everything for their walk or bike ride home. It seems like people maybe shopping there instead of grocery stores. The quality is way worse but you do what you have to.
#16 BlueJava
MrBean wrote:
Man, Dollar General doesn't even sell stuff for a dollar anymore though do they?
I only go there to get their version of angel soft toilet paper because it pairs well with my butt and my septic. Nothing in the store is a dollar and if it is it's downsized so much people are overpaying per ounce. I've noticed people going in there buying grocery carts full of stuff and are outside re-bagging everything for their walk or bike ride home. It seems like people maybe shopping there instead of grocery stores. The quality is way worse but you do what you have to.
6-Aug-22 12:22am
#17 razeak
Is it the first year of these models? Never buy first year. 2nd year should have refinements and bug fixes in place.
#17 razeak
Is it the first year of these models? Never buy first year. 2nd year should have refinements and bug fixes in place.
6-Aug-22 8:32am
#18 MrBean
razeak wrote:
Is it the first year of these models? Never buy first year. 2nd year should have refinements and bug fixes in place.
My last two F-150s were year one of new designs and both had lots of random problems.
#18 MrBean
razeak wrote:
Is it the first year of these models? Never buy first year. 2nd year should have refinements and bug fixes in place.
My last two F-150s were year one of new designs and both had lots of random problems.
6-Aug-22 9:57am
#19 razeak
MrBean wrote:
razeak wrote:> Is it the first year of these models? Never buy first year. 2nd year should have> refinements and bug fixes in place. My last two F-150s were year one of new designs and both had lots of random problems.It's common. I would wait.
#19 razeak
MrBean wrote:
razeak wrote:> Is it the first year of these models? Never buy first year. 2nd year should have> refinements and bug fixes in place. My last two F-150s were year one of new designs and both had lots of random problems.It's common. I would wait.
6-Aug-22 1:56pm
#20 nascarfan
I would wait on the Lightening. The company that makes the batteries from them are having problems with them and Ford isn’t too happy about it either.
#20 nascarfan
I would wait on the Lightening. The company that makes the batteries from them are having problems with them and Ford isn’t too happy about it either.
6-Aug-22 2:42pm
#21 MrBean
nascarfan wrote:
I would wait on the Lightening. The company that makes the batteries from them are having problems with them and Ford isn’t too happy about it either.
Oh? Didn't know this. Man I'm glad I made this topic. Definitely helped to make my decision.
#21 MrBean
nascarfan wrote:
I would wait on the Lightening. The company that makes the batteries from them are having problems with them and Ford isn’t too happy about it either.
Oh? Didn't know this. Man I'm glad I made this topic. Definitely helped to make my decision.
Ford - Powerboost or Lightning