Ford Mach-E EV lease prices drop below gas-powered Mustang with new discounts

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You can now drive an electric Ford Mustang Mach-E for less than the gas-powered model. With an up to 400% discount, Ford Mach-E lease prices are considerably cheaper.

Ford Mach-E lease prices drop after big discounts

Introduced in 2019, Ford’s Mustang Mach-E has become one of the top-selling electric vehicles in the US.

Ford’s Mach-E was the fourth best-selling EV in the US in 2023, with over 40,000 models handed over. The momentum hasn’t slowed this year with Mach-E sales up 89% through May.

The Mach-E is the second-best-selling electric SUV, behind only Tesla’s Model Y. Now, it has become significantly more affordable to drive.

According to a new dealer memo (via CarsDirect), the 2024 Mustang Mach-E is eligible for an up to 400% discount. Starting Thursday, June 18, all 2024 Ford Mach-E trims are eligible for $7,500 in lease cash. That’s up significantly for some trims, like the Select RWD Standard Range, which had $1,500 in Red Carpet Lease Customer Cash.


2024 Mustang Mach-E trim
Range Starting Price
Mustang Mach-E Select 250 mi $39,995
Mustang Mach-E Premium 320 mi $43,995
Mustang Mach-E GT 280 mi $53,995
Mustang Mach-E Rally 265 mi $59,995
2024 Mustang Mach-E price and range by trim

Meanwhile, Ford also cut lease prices on the 2023 Mach-E by up to $12,000. With new discounts, the 2023 Mach-E can be leased for under $30,000.

On Ford’s website, 2023 Mustang Mach-E Select (MSRP of $41,695) lease prices are listed at $392 per month, with $4,562 due at signing. That equals out to $424 per month. The offer is for 10,500 miles for 36 months.

2023 Ford Mustang Mach-E (Source: Ford)

The 2024 Ford Mustang EcoBoost (MSRP of $32,515) is featured at $421 per month, with $3,737 due at signing, for an effective rate of $525 per month.

The new incentives come after Ford announced it would enable all dealers to sell EVs last week, canceling its previous Model e program.

2023 Ford Mustang Mach-E interior (Source: Ford)

Which one are you going with? The all-electric Mach-E or the gas-powered Mustang? Drop us a comment below to let us know your thoughts.

With new discounts, these Ford Mach-E lease prices are hard to pass up. If you’re in the market for a new EV, we can help you get started. You can use our link to find deals on the Ford Mustang Mach-E at a dealer near you.

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