Ford takes EV affordability to new heights by introducing a 0% APR financing option for the 2024 Mustang Mach-E, further slashing prices on an already competitive electric offering. Ford’s deal follows a move to slash Mach-E costs by up to $8,100 earlier this year.
Ford is offering a limited-time opportunity to drive away in a 2024 Mustang Mach-E with 0% APR financing.
Ford’s electric vehicle (EV) sales skyrocketed by an impressive 86% in Q1 after cost cuts in February, propelling the automaker to a strong second place in the US EV market.
The Ford Mustang Mach-E secured a strong second-place finish among electric SUVs, trailing only Tesla’s Model Y, with 9,589 units sold – an impressive 77% increase from the previous year.
According to an examination by information analytics firm, Ford’s price cuts had a “drastic and swift” impact. The Mach-E’s weekly sales volume surged from around 300 to more than 1,000, peaking at over 1,800 in early March.
As competition heats up, Ford is further enhancing the appeal of its electric SUV by sweetening the package.
Notably, the 2024 Ford Mustang Mach-E has just been bolstered by a newly announced incentive, featuring a zero percent APR financing option for up to 48 months. The online auto analysis agency has consistently reported this as one of the top-rated dates for the 2024 model year, making it an outstanding choice thus far.
| Mustang Mach-E Choose | 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 |
Starting with the most affordable option, the Select trim is priced at around $43,895. This model comes standard with a decent amount of features like LED headlights, 18-inch aluminum wheels, and an advanced SYNC infotainment system. Although it may not be packed with advanced tech, it still provides a solid foundation for those looking to get into the Mach-E without breaking the bank.
Next up is the Premium trim which starts at around $50,995. As its name suggests, this version offers a higher level of luxury and refinement. Some notable upgrades include 19-inch aluminum wheels, LED fog lamps, and a panoramic vista roof. This trim also provides more advanced features like adaptive cruise control and a power liftgate.
The mid-range trims – Standard Range and Extended Range – offer varying levels of electric range, starting at $59,995 for the Standard Range and $64,995 for the Extended Range. These models share many of the same features as the Premium trim but differ in their battery capacity and resulting driving range.
Last but not least, there’s the GT trim which starts at around $65,695. This high-performance model boasts a unique exterior design, 20-inch aluminum wheels, and an upgraded suspension for improved handling. It also gets an exclusive sound system and other performance-oriented features.
Overall, the 2024 Mustang Mach-E offers a range of trims and options to suit different budgets and driving styles.
The supply increased following a decrease in the 4-year fee, which dropped from 2.9% to 1.9%, a decrease that occurred more frequently than previously each week. The report notes that most Mach-E charging sessions typically experience a roughly 3% decline compared to those in the first half of May. The 60-month fee decreased significantly, dropping from 3.9% to a remarkably low 0.9%, while the 72-month fee saw a notable reduction from 5.9% to 2.9%.
Estimates that the Mach-E is approximately $5,000 more affordable than its earlier pricing, equivalent to a $1,250 reduction on a $50,000 mortgage. Although availability is currently limited to specific regions, including Arizona, California, Colorado, Florida, Michigan, Oregon, Texas, and Washington,
If you’re looking for more deals, Ford is offering 0% APR financing (up to 72 months) on all 2023 Mach-E models, along with up to $3,000 in bonus cash. In the interim, Tesla owners buying or selling their vehicles can potentially reap significant benefits, with potential savings reaching as high as $10,000 in certain jurisdictions.
