After slashing prices, Ford tweaks its financing incentives to further spur sales.
Ford cut the annual percentage rate for financing an inventory 2024 Mustang Mach-E to 0% earlier this week, according to an official dealer bulletin seen by Cars Direct. The deal is valid for a 48-month loan but isn’t available in all states. The move comes after Tesla lowered its financing interest rate to 0.99% for the Model Y two weeks ago. Earlier this year, Ford slashed the MSRP of its battery-powered crossover by up to $8,100, which led to a healthy increase in sales.
More EV Deals The Hyundai Ioniq 6 Trim You Actually Want Is Just $272 A Month Right Now Hyundai Kona Electric Now Cheaper To Lease Than Gas Kona You Can Lease An EV For As Low As $56 A Month In Washington State Tesla Model 3 Lease Price Goes Down To $299 Per Month This means that buying a brand-new 2024 Ford Mustang Mach E with an MSRP of $50,000 right now using a six-year loan is approximately $5,000 cheaper compared to the beginning of the month–that’s 10% of the price of the whole car.
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