Even though EV sales – both overall and in FoMoCo’s stable – set new records in 2023, demand did begin to cool off near the end of the year, all while inventory continues to build. As such, The Blue Oval has recently introduced some incentives for its all-electric models, with the Ford Mustang Mach-E getting a $3,000 discount and becoming eligible for X-Plan pricing, which is also true of the Ford F-150 Lightning. Now, the Ford E-Transit – a popular target among commercial customers – is also being treated to its first-ever zero percent financing deal as well, according to a dealer bulletin recently seen by CarsDirect.
This new zero percent financing deal applies to all 2023 model year Ford E-Transit models, and can be had with terms of up to 60 months. This is quite the deal given the fact that the rate for that same term was previously 2.9 percent, though those opting for 72-month financing could get a 0.9 percent APR, if they qualified for such.
With zero percent financing using these terms, customers could save as much as $7,000 in interest over the life of the loan on an E-Transit with a $55,000 MSRP, which is certainly a considerable amount. However, it is worth noting that Ford E-Transit prices did rise during 2023 by $3,705, which somewhat negates those savings. Regardless, with the regular, gas-powered Transit starting out at $46,280 and the EV version having a base MSRP of $51,890, it is possible that one could effectively purchase the latter cheaper than the former with this financing offer.
Unfortunately, the Ford E-Transit no longer qualifies for the federal clean energy credit, which was the case prior to the start of 2024, when those requirements changed. It was joined by the Ford Mustang Mach-E and Lincoln Aviator Grand Touring, though the Ford F-150 Lightning, Ford Escape PHEV, and Lincoln Corsair Grand Touring still qualify for at least a partial credit.