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