With incentive spending at an all-time low, it’s pretty difficult to find deals on new vehicles these days. That includes models that are in high demand, like the Ford Mustang Mach-E. As Ford Authority reported last week, unscheduled 2021 Ford Mustang Mach-E orders are being pushed back to the 2022 model year, though the automaker is offering affected customers a $750 incentive at the time of purchase or lease, or a $2,000 discount on in-stock vehicles. Now, according to a dealer memo seen by Cars Direct, 2022 Ford Mustang Mach-E customers can get a $2,500 discount on the EV crossover in certain markets.
The incentive – officially called Ford Options Bonus Cash – is only available to customers who finance the vehicle through Ford Credit using the Ford Options Plan. This plan is a type of balloon financing that is somewhat like a loan but provides lower monthly payments than a purchase and requires a larger one-time payment at the end of the loan term. Since the Ford Options Plan puts a vehicle in the lessee’s name and not the financing company, this also means that customers are eligible for the $7,500 federal EV tax credit, which is otherwise not available to lessees of Mach-E models.
Otherwise, every 2022 Ford Mustang Mach-E is eligible for the discount, including the high-performance GT. However, the $2,500 incentive is limited, geographically speaking, to EV-friendly places including Los Angeles, San Francisco, Seattle, Phoenix, Denver, Boston, and New York. Those in other areas are only eligible for a $1,000 discount.
As Ford Authority has reported in recent weeks, the 2022 Mustang Mach-E will receive a few updates for the new model year. The 2022 Mach-E will gain usable battery capacity, which will help increase range over the current model. The EV crossover will also lose its “front trunk” in favor of a “drainable frunk” and get the new Ice White Appearance Package. Finally, the 2022 Ford Mustang Mach-E California Route 1 will be available with all-wheel drive as an option, making it the cheapest way to get a Mach-E with both Ford’s extended range battery and all-wheel drive.