These days, it’s difficult enough to find a new vehicle, let alone score a good deal on one. That’s true of most models, including the Ford Mustang Mach-E, which is one of the most popular electrified vehicles on the market today, prompting Ford to recently stop taking retail orders for certain models. This tilted supply/demand curve has also made the Ford Mustang Mach-E one of the fastest-selling used vehicles on the market, while the EV crossover is also expected to retain its value better than most. That’s likely why the Mach-E is one of the most commonly financed vehicles on sale today, though Experian’s Q4 Auto Finance Insights report shows that buyers are shelling out a pretty high monthly payment to own one.
Experian’s data found that the average Ford Mustang Mach-E payment came in at $829 in Q4 of 2021, while the average lease payment was just behind that at $755. This places the Mach-E somewhat in the middle of the pack among all EVs currently on sale, with the Porsche Taycan ($1,803) taking the top spot, followed by the Audi e-Tron GT ($1,684), Mercedes-Benz EQS ($1,584), Tesla Model X ($1,294), Tesla Model S ($1,199), Audi e-Tron Sportback ($1,123), and Polestar 2 ($870) all ranking ahead of Ford’s EV crossover.
Meanwhile, the Mach-E’s average monthly finance payment did outpace a number of its more direct competitors including the Kia Niro ($602), Hyundai Ioniq 5 ($520), Tesla Model Y ($757), and Volkswagen ID.4 ($677).
In addition to winning over consumers, the Mustang Mach-E has also garnered its fair share of critical acclaim, most recently earning Consumer Reports‘ 2022 Top EV Pick, an honor it took away from the two-time reigning champ, the Tesla Model 3, a moment that admittedly made Ford CEO Jim Farley particularly proud.