Ford Offering 0% Interest On Mustang Mach-E
Ford has reduced interest rates to 0% APR on the 2024 Mustang Mach-E.
According to bulletins sent to dealers, the new offer applies to 48-month loans, marking the best deal available for the latest model year of the electric vehicle. This follows an earlier price reduction this month, though there are notable limitations.
As of this week, the Mustang Mach-E is eligible for 0% APR for 48 months. This offer follows a previous reduction where the four-year rate decreased from 2.9% APR to 1.9% APR. According to CarsDirect, most rates for the Mach-E are now approximately 3% lower than they were at the start of May.
For a $50,000 SUV, a six-year loan is estimated to be nearly $5,000 cheaper than it was in early May. However, this rate still does not compete with the 0.99% rate available for the Tesla Model Y, which also qualifies for a $7,500 tax credit not available for the Mach-E.
It is important to note that the 0% financing offer on the 2024 Mach-E is not available nationwide. Currently, the incentive is offered in Arizona, California, Colorado, Florida, Michigan, Oregon, Texas, and Washington. States like Maryland, Georgia, and Wisconsin still have the previous rate of 1.9% for 48 months, as indicated on Ford's website.
This article was co-written using AI and was then heavily edited and optimized by our editorial team.
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Since when has paying full price been the same as "literally giving them away"?
Maybe in 5 or 6 years when the used price is 20% of new (perhaps even sooner the way things are going).