Ford is making headlines by significantly reducing prices on the Mustang Mach-E, positioning it as one of the most affordable new electric vehicles on the market and the least expensive option among muscle cars. Earlier this year, the automaker lowered prices across its Mach-E lineup, and now they are offering even greater incentives for leases, resulting in an effective monthly cost that can be as low as $448.
As reported by CarsDirect, Ford is providing up to $9,600 off the base Select RWD Mustang Mach-E, which includes a $600 Summer Sale bonus. This promotion brings the monthly lease rate down to $319 for a 36-month term, with $4,649 required at signing. When the down payment is averaged over the lease duration and added to the monthly payment, the effective lease cost totals $448. In comparison, the most affordable gas-powered Mustang available for lease is the 2023 Mustang Ecoboost 2.3-liter, with an effective monthly lease price of $477.
How does the Mustang Mach-E stack up against its competitor from Chevrolet? The most affordable lease option for a Chevrolet Camaro is the V8-powered 1LT with an automatic transmission, coming in at an effective lease price of $483 per month.
While the Mustang Mach-E offers attractive lease rates in comparison to muscle car alternatives, it doesn’t hold the title of the cheapest electric vehicle. In fact, other electric vehicles such as the Hyundai Ioniq 5, Subaru Solterra, and Chevy Equinox EV boast lower effective lease prices.
Nevertheless, the Mustang Mach-E is undeniably appealing for electric vehicle enthusiasts. It combines a stylish and sporty crossover design with standard features, including rear-wheel drive, 246 horsepower, 387 lb-ft of torque, and a range of 250 miles. When viewed as a sporty electric vehicle rather than just another crossover, this record-low lease price enhances its attractiveness.
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