Autoblog headline: Ford eliminates end-of-lease purchase option for EVs
Subheadline: F-150 Lightning, Mustang Mach-E, and E-Transit must return to dealers
Dealers and automakers have been watching consumers take home bundles of cash thanks to residual values established, in some cases, well before anyone had heard the word “Covid.” On top of that, dealers are watching potential inventory go to the highest bidder at the same time they’re struggling to get units for sale parked in front. By eliminating the end-of-lease purchase option, two birds get felled with one stone. If dealers and the inventory situation show positive returns from the move, we won’t be surprised if more models are included in the prohibition.