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 |
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.
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.
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.