Historically speaking, Ford Mustang Mach-E customers have opted to either lease or finance that particular EV in varying levels over the past few years, which is undoubtedly interesting. While many new models typically post higher lease or finance figures than others, the Mach-E has somewhat bucked that trend, which seems to be largely driven by the types of deals The Blue Oval offers for its EV crossover. That uneven trend continued in Q4 2024, when the majority of Ford Mustang Mach-E customers opted to lease.
According to Experian’s Q4 2024 State of the Automotive Finance Market report, 56.63 percent of Ford Mustang Mach-E customers opted to lease their new EV in the last quarter of the year, compared to 38.96 percent who financed it and 4.41 percent that paid cash. This falls in line with most of the top 10 best-selling new EVs over that time span, as the majority of Honda Prologue, Hyundai IONIQ 5, Cadillac Lyriq, Chevy Blazer EV, and Rivian R1S customers also opted to lease – though most Tesla Model Y, Model 3, and Cybertruck customers financed their new vehicle.
Things began to shift from financing to leasing for the Ford Mustang Mach-E throughout the course of 2024, as most customers kicked off the year by financing that purchase, though by the third quarter, the majority chose to lease instead. There are a few reasons for this big shift, but we can certainly attribute at least part of it to some enticing lease offers from Ford in recent months – in some cases, resulting in monthly payments as low as $159 for 24 months, albeit with $4,999 due at signing.
Those deals also helped fuel a surge for the Ford Mustang Mach-E in Q4 2024, as the EV crossover posted a 35.58 percent sales increase to 16,119 units. Throughout the entire year, Mach-E sales grew by 26.92 percent, hitting 51,745 units throughout the duration of 2024.
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If I had the desire or stomach for an EV, I’d lease one too because resale values will plummet if they haven’t already.