Ford Authority

Ford Mustang Mach-E Among Top 10 Most Leased EVs Of Q1 2024

While it has long ranked among the top automotive brands in terms of the percentage of its customers that opt to lease their new vehicle purchase, Ford has also long enjoyed one of the highest financing percentages of any auto brand, too. In fact, The Blue Oval ranked sixth among all automotive brands in terms of its lease share in Q1 2024, which has long been the case as well. Those percentages do tend to vary by model, however, and that also applied to the Ford Mustang Mach-E in the first quarter of the year as well.

Experian Q1 2024 Most Leased EVs

According to Experian’s Q1 2024 State of the Automotive Finance Report, the Ford Mustang Mach-E was the ninth most leased EV model in the first quarter of the year, accounting for 3.26 percent of that pie. That ranks it behind the Tesla Model Y (24.29 percent), Tesla Model 3 (9.82 percent), Volkswagen ID.4 (6.75 percent), BMW iX (4.78 percent), BMW i4 (4.08 percent), Mercedes-Benz EQE (3.79 percent), Hyundai Ioniq 5 (3.34 percent), and Nissan Ariya (3.27 percent), as well as ahead of the Mercedes-Benz EQS (2.42 percent).

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

Additionally, 54.31 percent of Ford Mustang Mach-E customers opted to finance their EV crossover in the first quarter of the year, compared to the 38.98 percent that leased and 6.71 percent that paid cash. That finance rate was among the highest in the segment, in fact, trailing only the Ford F-150 Lightning, Chevy Bolt EUV, and Tesla Model X. In terms of payments, Mustang Mach-E lessees paid $611 per month, on average, compared to $777 for those that took out a loan. Those figures are a bit higher than many of the Mach-E’s rivals, including the Model Y, Model 3, ID.4, Ioniq 5, and Ariya, at least in terms of monthly lease payments.

We’ll have more financing and lease data to share 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. Ford Owner

    Loans are a better investment because the payments go to the final purchase, while a lease is somehow a rental. I always buy my vehicles since I keep them for 20 or more years.

    1. Joe

      Not when you’re purchasing something that loses more than 50% of its value immediately after purchase. A $50,000 MSRP Mustang Mach E is worth $25,000 (or less) if you wanted to trade it in the next day. There is not steadfast rule when it comes to buy vs lease; it’s always a case by case basis.

    2. ArtG

      Unless you’re talking about collector cars, don’t use the word “investment.” Why buy a depreciating asset?

    3. Kary

      The limitations on the $7,500 tax credit are virtually non-existent on EV leases. When you do the math, some EV promotional leases are cheaper than buying, but you need to know the residual required at the end to determine that. As an added bonus, the lease allows you to keep $20,000+ in your pocket for X years, and also gives you the option of ditching the vehicle at the end of the lease term if it hasn’t been satisfactory or has declined greatly in value. But mainly the difference is qualifying for the $7,500 credit when the buyer and/or car doesn’t qualify on a purchase.


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