New kind of Mustang:
The 2021 Mustang Mach-E is an electric-powered crossover with styling borrowed from the Mustang coupe. Ford has been taking orders for the debut trim levels: Select, Premium, and California Route 1.
The GT model is scheduled to go on sale next summer. Ford is currently converting reservations for the GT into official orders.
Leasing isn't available on the Mach-E, but Ford is offering a balloon loan option with some features of a lease.
Offers from Ford vary by region and are available through January 4, 2021. Ford often enhances incentives ahead of Black Friday weekend, but we don't expect to see anything extra on the Mach-E.
The Mach-E is selling close to MSRP in most areas. Pricing appears more favorable in California and other zero-emission states.
Like most Fords, the Mach-E is eligible for Ford Plan Pricing for employees, suppliers, and affiliated companies.
What about leasing?
Ford isn't offering leases in the 2021 Mach-E, but the new Ford Options Plan works somewhat like a lease. Under the program, the buyer gets a balloon loan through Ford Credit for 36 or 48 months to purchase the car.
The monthly payments are lower than a regular loan because a large portion of the loan is due at the end of the term in a single balloon payment. The buyer can make the final balloon payment and keep the car, or transfer ownership to Ford for satisfaction of the balance.
Unlike a lease, the buyer remains eligible for any applicable EV tax credits. However, the interest rate can be higher than a regular loan, and the balloon can be substantial. Review the terms carefully before you sign.
Snag a low rate:
Ford has already rolled out promotional rates on 2021 Mach-E. Your choices are 0.9% for 36 months, 1.9% for 48 months, 2.9% for 60 months, and 4.9% for 72 months.