hamburger icon
Ford Mustang Mach-E EV white color front view
Deals Articles

Ford Mustang Mach-E Now Costs $33k After Incentives

It may now be possible to score a Ford Mustang Mach-E for as little as $33,000. According to dealer incentive bulletins, the 2023 Ford Mustang Mach-E features as much as an $8,500 lease discount. After a slew of price cuts earlier today, the cost to lease a new Mustang Mach-E may be a lot more affordable than you think.

Effective today, the 2023 Ford Mustang Mach-E starts at $39,895, $3,100 less than before based on a letter sent to dealers. However, our analysis found that Ford Credit is offering as much as an $8,500 lease cash incentive in addition to the price cuts. This could enable the Mustang Mach-E to compete even better on price.

Ford Mustang Mach-E EV off-road white color rear view

Ford Credit spokesperson Meredith Libbey confirmed to CarsDirect via email that the EV now offers an extra $1,000 in Los Angeles, San Francisco, New York, and Orlando on top of the lender's $7,500 national lease incentive. That's a pretty big deal because, at one point, there was no lease cash at all to bring down prices.

The Mach-E Select starts at $41,695 after an $1,800 destination charge. With the $8,500 incentive, the cost could be as low as $33,195. At that point, Mach-E lease prices may be cheaper than gas-powered SUVs like the 2024 Honda CR-V Hybrid Sport ($35,400) and almost less than the 2024 Toyota RAV4 Hybrid ($33,075).

With today's price cuts, the cost of the Mustang Mach-E may be a lot more competitive. As CarsDirect reported earlier today, Ford has essentially price-matched Tesla Model Y leases. Both brands now show the exact same lease payment in places like California. Not long ago, the Mach-E was one of the worst cars to lease.

Explore Ford Mustang Mach-E Lease Prices

    Item 1 of 0
      Item 1 of 0

      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.

      Sign Up for Customized Deal Alerts

      Subscribe to receive emails of the latest deals. Select list to join:

      Related Articles

      Ford Just Price-Matched Mach-E Leases With Tesla Model Y Ford has price-matched Tesla with a series of big price cuts today. Based on our analysis, lease payments for the 2023 Ford Mustang Mach-E are now ...
      2023 Ford Mach-E Demo Models Have An $18,500 Discount Ford recently announced the biggest discount we've ever seen on the all-electric Mustang Mach-E. In some cases, a bulletin sent to dealers indicate...
      2024 Ford Mustang Mach-E Deals Disappoint Big Time Early incentives on the 2024 Ford Mustang Mach-E could give shoppers a good reason to wait. Based on bulletins sent to dealers, the first 2024 Must...
      2024 Ford Mach-E Rally Has A $3,000 Discount Ford's all-new Mach-E Rally may be more affordable than you think. According to bulletins sent to dealers, 2024 Ford Mustang Mach-E Rally leases fe...
      Why You SHOULDN'T Buy A Newer Mustang Mach-E Newer is usually better when buying an electric car. At least, unless you're buying a Ford Mustang Mach-E. That's because Ford has retroactively lo...

      Sign Up for Customized Deal Alerts

      Subscribe to receive emails of the latest deals. Select list to join: