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.
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.
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.
Comments
“Mustang” Mach E = MINO: Mustang in name only.
Yes, that’s how names work.
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!
Leasing one in Milwaukee from Avis it’s a really great car!
It is a pretty nice EV option, but I can’t get past the tablet attached to the dash.
I meant renting. Here for a few days and must say I’m impressed with the product