Ford Authority

Ford Mustang Mach-E Cheaper To Lease Than Gas Counterpart

In recent months, the Ford Mustang Mach-E has been the recipient of several incentives that have made the all-electric crossover far cheaper to lease and finance than ever before. It’s a pretty sharp turnaround from the Mach-E’s early days, following its launch for the 2021 model year, when it was hard to find and pricey to acquire, though a lot has changed since then. Now, faced with a glut of inventory and a general slowdown in EV demand, The Blue Oval has made the Ford Mustang Mach-E even cheaper to lease than its gas counterpart.

Ford Mustang Mach-E Tesla Supercharger North American Charging Standard NACS Adapter - Exterior 001 - Rear Three Quarters

As Ford Authority reported last week, leftover 2023 Ford Mustang Mach-E models are now eligible for a 41 percent increase in RCL (Red Carpet Lease) Customer Cash, which is a type of manufacturer rebate reserved for leases. That means at a base price of $41,695 including destination charges, the 2023 Ford Mustang Mach-E now features a lease price of as little as $29,945, or $392 per month for 36 months with $1,142 due at signing, which equates to an effective cost of $424 per month.

That’s the lowest lease price for the Mach-E to date, but perhaps more notably, it’s also cheaper than one can currently lease a 2024 Ford Mustang for, according to CarsDirect. At the moment, one can lease a new Ford Mustang EcoBoost model for $421 with $3,737 at signing, which – based on a sticker price of $32,515 – comes out to an effective monthly cost of $525 with everything factored in, which is over $100 per month more expensive than its all-electric counterpart.

Borla Active Performance Sound System Ford Mustang Mach-E - Exterior 001 - Front Three Quarters

While one may have a harder time finding a leftover 2023 Ford Mustang Mach-E as inventory dwindles down, the 2024 model also has its fair share of deals worth considering, too. Those include RCL deals of $3,000 for those looking to lease a new Mach-E, or zero percent financing for as long as 60 months, to boot.

We’ll have more on the Mach-E soon, so be sure and subscribe to Ford Authority for more Mustang Mach-E news and comprehensive Ford news coverage.

Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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  1. Tigger

    “Mustang” Mach E = MINO: Mustang in name only.

    1. Chris

      Yes, that’s how names work.

  2. Kary

    Not surprising given all EVs qualify for the $7,500 rebate on buying an EV. Earlier this month, and maybe still, you could lease and then purchase on residual, a 2024 Subaru Soltera for $6,000 less than buying, and that was assuming you could negotiate a $5,000 discount off the MSRP with a cash purchase. Think about that. $6,000+ less, and paying most the money three years later!

  3. Ed Witt

    Leasing one in Milwaukee from Avis it’s a really great car!

    1. Kary

      It is a pretty nice EV option, but I can’t get past the tablet attached to the dash.

  4. Ed Witt

    I meant renting. Here for a few days and must say I’m impressed with the product


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