Ford's website shows $21,500 with destination. Ford just jacked up the destination charge to $1500 in order to hit that magic "less than $20,000" base price.
This is a great move, so I don't want to sound like I'm poo-pooing this. The target audience is largely fleets and small businesses who are in the market for a Transit Connect with a bed. So I'm sure it will sell quite well. I just don't appreciate the misleading headlines when it comes to vehicle pricing. I doubt dealers will stock too many XLs, so most non-fleet buyers will opt for the XLT, which is $4k more expensive before options.
Still, $25k for a hybrid pickup is a damn good deal. Specced as I would buy it is $28,300. I also appreciate that Ford went hybrid-by-default. That's a bold move, but probably well informed by their fleet sales.