You Can Get A 2024 Ford Mustang Mach-E With 0% APR
According to a recent dealer bulletin viewed by Cars Direct, Ford has reduced the annual percentage rate (APR) for financing a 2024 Mustang Mach-E inventory to 0%. This offer applies to a 48-month loan and is not available in all states.
This change follows Tesla‘s decision to lower the financing interest rate for the Model Y to 0.99% two weeks ago. Earlier in the year, Ford also decreased the MSRP of the electric Mach-E by up to $8,100, resulting in a notable sales increase.
Recent adjustments have been made to the interest rates for the Mach-E. Last week, the 4-year APR dropped from 2.9% to 1.9%. Additionally, the rates for 60-month and 72-month loans were reduced, according to Cars Direct.
With these changes, purchasing a new 2024 Ford Mustang Mach-E with an MSRP of $50,000 using a six-year loan is now approximately $5,000 cheaper than at the beginning of the month, representing a significant discount.
However, there are limitations to consider. The attractive financing deal is only valid in select states, and the Mach-E does not qualify for the $7,500 federal tax credit available for some Electric vehicles, unlike Tesla’s Model Y.
In addition to new models, Ford is offering appealing deals on 2023 Mustang Mach-E inventory, including 0% APR for 72 months. For the Mach-E GT trim, buyers may receive up to $3,000 in bonus cash. Moreover, trading in a used Tesla could result in an MSRP reduction of up to $10,000 in certain states.
While there are increasing incentives for new EVs, it is important to carefully calculate monthly expenses to ensure affordability and avoid financial difficulties.
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