Gary Zhou 
Key Points
- 💰 Ford introduces discounts and incentives for 2023 Mustang Mach-E models.
- 🚗 Incentives include low-interest financing and Bonus Cash, exclusive to 2023 model year.
- 📉 Mustang Mach-E sales dropped by 21.1% in Q2 2023.
- 🏙️ Different regions offer varying lease and financing options for the Mach-E.
- 📅 Offers expected to be valid until October 2, 2023.
- ⚡ Customers might be eligible for IRS EV tax credit of $3,750.
- 💸 Starting prices for 2023 Mustang Mach-E range from $45,340 to $62,140.
Ford has introduced a range of discounts and incentives targeting specific models of its all-electric crossover, the Mustang Mach-E. These benefits, encompassing low-interest financing and Bonus Cash, are exclusively available for vehicles from the 2023 model year.
The Ford Mustang Mach-E has gained prominence as one of the most compelling non-Tesla electric vehicles within the United States. Initially regarded as a potential competitor to the Model Y, the Mach-E has since proven to be a valuable contributor to the broader electric vehicle movement, including Tesla’s efforts. However, the sales figures for the Mach-E in the US have experienced a decline, with the second quarter of 2023 witnessing sales of only 8,633 units, marking a 21.1% decrease compared to the same period in 2022.
Given this context, it’s unsurprising that Ford is introducing incentives to enhance the appeal of the Mustang Mach-E to consumers. According to information gathered by Ford Authority, the company is currently presenting the Red Carpet Lease offer. This offer includes payments of $586 per month for a 36-month term with $0 due at signing and no security deposit, valid in New York City.
In Detroit, the Red Carpet Lease Offer provides benefits such as monthly payments of $439 per month for 36 months, requiring $439 due at signing and omitting the security deposit. Meanwhile, in Los Angeles, the offer entails payments as low as $569 per month for 36 months, with $0 due at signing and no security deposit. Ford is also offering retail options in LA, with 2.9% APR financing spanning 60 months.
Customers based in Miami can benefit from payments starting at $409 per month for 36 months, requiring a payment of $5,188 at signing and waiving the security deposit. Additionally, Ford extends an attractive 1.9% APR financing for 60 months, accompanied by $3,000 Retail Order Bonus Cash, contingent on buyers utilizing Ford Credit Financing.
These Mustang Mach-E offers are projected to remain valid until October 2, 2023. Apart from these incentives, buyers of the all-electric crossover might also be eligible for the IRA’s $3,750 EV tax credit. In terms of pricing, the Mustang Mach-E for the 2023 model year begins at $45,340 for the Select trim, $49,265 for the Premium variant, $58,915 for the California Route 1 version, and $62,140 for the top-tier GT variant.
