Ford slashes 2024 Mustang Mach-E price with new 0% APR offer
Ford Cuts Mach-E Price: Sparking EV Price War?
Ford has introduced a new 0% APR offer for the 2024 Mustang Mach-E, following significant price reductions earlier this year. This move comes after Ford's EV sales saw an 86% increase in the first quarter, making the Mustang Mach-E the second best-selling electric SUV in the U.S.
The new financing deal includes a 0% APR for 48 months, enhancing the attractiveness of the Mustang Mach-E amid growing competition. This offer is currently available in select states and complements other incentives, including special deals for trading in a Tesla.
What are the new APR rates offered by Ford for the 2024 Mustang Mach-E, and how do they compare to previous rates?
Ford has recently introduced a highly attractive financing offer for the 2024 Mustang Mach-E, featuring a 0% Annual Percentage Rate (APR) for up to 48 months2. This new rate represents a significant reduction from previous rates. Just a week prior to this new offer, the 4-year APR was higher at 1.9%, and originally it was even higher at 2.9% at the start of May. Additionally, for those looking to finance over longer periods, the rates have also been reduced substantially: the 60-month rate has decreased from 3.9% to 0.9%, and the 72-month rate has been cut from 5.9% to 2.9%. These reductions make the financing options for the Mustang Mach-E considerably more appealing, reflecting Ford's strategy to boost its competitiveness in the electric vehicle market.
Which states are currently eligible for the new 0% APR offer on the 2024 Mustang Mach-E?
The new 0% APR offer on the 2024 Mustang Mach-E is currently available in certain states, including Arizona, California, Colorado, Florida, Michigan, Oregon, Texas, and Washington.