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.
Top comment by NickD
I’ve seen lots of terrible and misleading ways to use percentages before, but this one takes the cake 😂
“Lease discounts have risen 400%” would at least be accurate if also needlessly confusing and obscuring of the actual information people want, which is the actual dollar value of the discount in relation to the price of the car. If the prior lease discount was $1 and now it’s $4, we could still say that lease discounts have risen 400%!
“Eligible for an up to 400% discount” is just wrong.
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.
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