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Ford Mach-E Has A $10,000 Discount For Tesla Owners

Tesla owners can now save as much as $10,000 off the MSRP of a new Ford Mustang Mach-E. According to a bulletin sent to dealers, Ford recently introduced a $1,500 discount targeting Tesla owners and lessees. Based on our analysis, the Mach-E Tesla discount can be stacked with other offers for up to $10k in savings.

On April 3rd, Ford began offering $1,500 Tesla Competitive Conquest Bonus Cash on all versions of the Mach-E. That includes both the 2023 Mustang Mach-E which has been on deep discount for months, as well as the recently revealed 2024 Mach-E. Even the all-new Mach-E Rally model is eligible for the incentive.

To qualify, you'll need to own or lease a 2008 or newer Tesla. A trade-in isn't required and the offer is transferrable to members of the same household. What's more, our analysis found that you can combine the national Mach-E Tesla discount with other incentives for maximum savings. This could result in some killer deals.

2024 Ford Mustang Mach-E Rally EV back view yellow color

In most parts of the country, the 2023 Mach-E is among the best EV lease deals with $7,500 in lease cash. In coastal regions, you can find up to an $8,500 incentive. Coupled with the $1,500 Mach-E Tesla discount, this could translate to $10,000 in potential savings, one of the best deals to date on the Mach-E.

Prefer to buy? All 2023 Mach-E trims offer 0% APR for 72 months, one of the best financing deals. However, the Mach-E GT has a distinct advantage over other styles with $3,000 in bonus cash. With the Mach-E Tesla owner discount, that's $4,500 in savings that can be stacked with zero-interest financing for 6 years.

As we reported yesterday, 2024 Mach-E buyers may want to wait. That's because the latest version launched without any rebates for buying and leasing that are available to everyone. As it stands, the $1,500 Tesla owner discount may be the only way to score any meaningful savings on the 2024 version of the Mach-E.

EV makers have been competing fiercely to gain market share. While conquest cash incentives aren't unusual in the auto industry, this is the first time we've seen Mach-E deals target Tesla owners. Last month, BMW added a $1,000 BEV Conquest Program targeting Tesla, Rivian, Lucid, and a slew of other EV brands.

Ford's Mach-E Tesla discount is due to end on July 8th.

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      As CarsDirect’s resident pricing expert, Alex offers must-know analyses of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

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