For some time, the Ford Mustang Mach-E was a hot commodity in high demand, but since the EV crossover’s launch in 2021, things have cooled off considerably. As Ford Authority previously reported, FoMoCo actually went so far as to stop its dealer network from advertising that particular model below MSRP, but finally changed that policy late last year. With sales proving slow through 2023, the Ford Mustang Mach-E also lost its eligibility for the IRA-based clean energy tax credit at the start of 2024, which could make it challenging to ramp up those numbers. However, those looking to lease a new Mach-E can now take advantage of a steep discount, according to CarsDirect.
According to a dealer bulletin that was just sent out, the Ford Mustang Mach-E is now eligible for $7,500 in “RCL (Red Carpet Lease) Customer Cash,” which is essentially just another name for lease cash and works largely like a rebate. While those that finance a new Mach-E won’t be getting the same sort of deal, shoppers that opt to lease will find that all 2023 Mach-E trims are eligible for this particular incentive.
Coupled with the fact that Ford Credit is offering lease rates that are close to zero percent in many parts of the country, this offer may prove to be quite enticing for those thinking about leasing a new Mach-E. On the downside, according to CarsDirect, Ford Credit did recently trim the Mach-E’s residual values by around 11 percent, however, which somewhat negates that benefit.
Regardless, while we await potential changes that could make the Mach-E eligible for a federal tax credit once again, customers can lease a new EV crossover for as little as $465 per month for 36 months, which is more attractive than the best finance offer of $653 per month over 84 months.