First and this is the elephant in the room, it's probably better for the environment to buy a refurbished think pad. The most environmentally friendly product is one that gets reused instead of going to a landfill.
The 13-in framework only offers one SSD slot, The expansion Bay offers a nice storage option but these are a bit overpriced and then you're down to three ports. The design itself feels really prone to failure, if you're popping in and out expansion cards all the time eventually the ports are going to fail which seems like a really weird design choice. It probably would have been smarter to do something that requires actually screwing in components.
To get comparable specs, you seriously need to spend about 50% more on average, and this is just me comparing ThinkPads to Frameworks. If I wanted to look at laptops on sale you can easily find framework specs at half price.
Finally the support issues don't really inspire confidence, if my Lenovo laptop has issues I can walk into a variety of authorized repair centers and just let them sort it out. Framework simply doesn't have this, I don't have the appetite to pay a premium price and not have this as an option.
Extended warranty options are iffy. You have to first pay more for the prebuilt laptop, and then at the performance tier ( Amd 350) you have to drop $1,690 to get a 3 year warranty. It's out of stock anyway.
The Lenovo E14 Gen 7 with a Intel® Core™ Ultra 7 255H Processor is about 1030$ direct from Lenovo with a 3 year warranty (2 years is available, and is my risk tolerance sweet spot, so I can save 60$ there).
The only reason I'm looking at the E14 is I REALLY want two SSD drives. If I'm ok with just one I can buy a refurbished P14 for around 780$.
I think the core issue is Framework is still a boutique brand, if they ever reach the size of a major OEM then they're pricing will be more competitive.