Mustang Mach-E Price Cut Below $30K News Staff
by News Staff
2023 models make up 30% of Ford's Mustang Mach-E inventory.

Ford has reduced lease prices for the 2023 Mustang Mach-E to below $30,000 in an effort to clear out left over inventory.

According to dealer bulletins leases on the 2023 Mach-E now come with discounts up to $12,000. While the discount isn't available to those considering an outright purchase, this does make leasing a Mach-E possible for under $30,000.

CarsDirect reports eligible 2023 Mach-Es will receive a 41% increase in Red Carpet Lease (RCL) Customer Cash. Previously, Mach-E vehicles had no purchase discount except for 0% financing over 72 months.

The lease incentives vary by trim, with the entry-level Mach-E Select seeing the most significant increase. The all-wheel-drive Mach-E Select now has $12,000 in lease cash, up from $8,500, and the rear-wheel-drive Select has increased from $8,500 to $11,750.

Discounts as high as $12,000 can be had on 2023 models.

MSRP for the 2023 Mustang Mach-E Select starts at $41,695, including a $1,800 destination fee. With the new incentives, this lease could be as low as $29,945, not including taxes and fees. It is unclear if Ford has adjusted money factors or residual values for these leases.

With about 30% of Mach-E inventory being 2023 models and the vehicle remaining ineligible for a federal tax credit, these lease deals could be enticing, especially before July Fourth. Ford's offers end on July 8th.

Ford recently announced it would end a controversial dealer program requiring a $500,000 dealership renovation investment just to sell electric cars. It's believed part of the reason Ford has such a large stock of leftover 2023 Mach-E models is directly tied to the renovation's low take rate among franchisees.

This article was co-written using AI and was then heavily edited and optimized by our editorial team.

Become an AutoGuide insider. Get the latest from the automotive world first by subscribing to our newsletter here. News Staff News Staff

More by News Staff

Join the conversation
 1 comment
  • Don Don on Jun 20, 2024

    thats great it applies to all 6 cars Select RWD trim listed in inventory in the entire US

    Way to get people excited