Alex from the Alex on Autos YouTube channel ordered the Mach-E in a very Tesla-like way: made a first deposit ($ 500) at the launch event and waited a long time to get it (14 months). The difference is through a dealer to complete the sale.
But what’s interesting is how he was able to “rent” it through Ford. This is not a traditional lease. You borrow the money as a loan from Ford and Ford has an agreement to repurchase the car from you at a certain price if you comply with the terms of the contract.
However, your name is on the title. He says this enables Ford to give you the total tax credit of $ 7,500, which is not always the case with traditional leases. He plans to keep it for 9-12 months and buy it out with a big balloon payment.
Mustang Mach-E Order Sheet showing rental option.
If you go to the Mach-E ordering site and build the one you want, you can click the Financing button at the top left of the screen. If you want to “rent” it from Ford, click on the Ford Options Plan (interesting name). Then you can insert the term length, mileage and deposit to see your monthly estimate. You will have an order page indicating the progress of your Mach-E after you have placed the order.
He chose the Premium finish with the extended battery pack (88 kWh versus 68 kWh in the standard range), and dual motors (AWD). At point 1:19 in the video, he shows you the price for his Mach-E. I do not know how the price started at $ 42,895, because when I built the same Mach-E, it came out to $ 56,200.
Regardless, what’s interesting is the $ 4,100 he received incentives in addition to the $ 7,500 tax credit, which makes the price $ 31,295 (theoretical). The Tesla Model Y Standard Range (RWD) starts at $ 39,990 and the Long Range (AWD) at $ 49,990. Just remember that Teslas no longer qualifies for the $ 7,500 tax credit, but that will change if the Green Act bill is passed.
Watch the follow-up videos of this video if you are thinking of getting a Ford Mustang Mach-E. I met Alex. The man loves cars, is knowledgeable about it and has been reviewing cars for a long time.