Ford has dramatically reduced interest rates to 0% APR on the 2024 Mustang Mach-E, effective May 21, 2024, offering the best financing deal to date on this electric vehicle (EV) ‘s latest model. This is the second price reduction within the month, though some limitations apply.
According to bulletins sent to dealers, Ford’s latest incentive offers 0% APR for 48 months on the 2024 Mustang Mach-E. Just a week prior, the 4-year rate dropped from 2.9% to 1.9% APR. Overall, most Mach-E rates have decreased by approximately 3% since the start of the month. Specifically, the 60-month rate has dropped from 3.9% to 0.9%, and the 72-month rate has dropped from 5.9% to 2.9%.
For example, on a $50,000 SUV, the new 6-year loan rate could save buyers nearly $5,000 compared to early May rates. Despite this significant reduction, the 6-year rate still falls short of Tesla’s Model Y, which offers a 0.99% APR and remains eligible for a $7,500 tax credit—a benefit unavailable for the Mach-E.
Unfortunately, the 0% financing offer on the 2024 Mustang Mach-E is not available nationwide. Currently, this incentive is limited to Arizona, California, Colorado, Florida, Michigan, Oregon, Texas, and Washington. Other states, such as Maryland, Georgia, and Wisconsin, continue to offer the old rate of 1.9% for 48 months, according to Ford.com.
For those seeking even better deals, the 2023 Mustang Mach-E might be a more attractive option. Ford has a substantial inventory of the 2023 models, available with 0% financing for 72 months on all trims, plus up to $3,000 in bonus cash on the Mach-E GT. Additionally, leasing offers can provide significant savings, with up to $10,000 off MSRP, in some states when trading in a Tesla EV.
These offers, including the 0% APR financing, are set to expire on July 8th. Potential buyers are encouraged to consider their options promptly to take advantage of these significant savings.
