Ford Slashes 2023 Mach-E Pricing For All Trims, Up to $8K on Certain Models

[RyZt]

This is great. I’ve been thinking about getting a second car for my home. My top choice is a second Mach E, but I don’t want to pay more than what I paid for my Job 1.

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[azerik]

I’d probably grab a 23 CR1 or std/rwd for around town stuff if my wife liked the size. To her the MME is just too big to put in most parking spaces super easily. (Though she won’t admit it she’s terrible at parking anyway)

 

[LincolnLuvr]

low mileage used 2023 Mach-E Selects starting in the $20ks now, wow! If I can get a 2023 GT for $30ks I might have to jump on that lol.

 

[phil]

No. It’s only $7500 one time for leasing. There is no more tax credit.

By federal law, there is a tax credit to the leasing company, in the amount of $7,500 per vehicle. The OP and the linked Electrek article both quote "Ford" as confirming that that tax credit is passed to customers by the leasing company, Ford Credit.

They also say there is a "cash incentive" of $7,500, and quote Ford as specifically saying that both the leasing tax credit AND the cash incentive apply if the car is leased thru Ford Credit.

Are you saying that Electrek is wrong? They misunderstood the Ford statement that they are reporting? As of this morning, the article is still posted on electrec.co, and I see no retraction.

 

[Mach-Lee]

By federal law, there is a tax credit to the leasing company, in the amount of $7,500 per vehicle. The OP and the linked Electrek article both quote "Ford" as confirming that that tax credit is passed to customers by the leasing company, Ford Credit.

They also say there is a "cash incentive" of $7,500, and quote Ford as specifically saying that both the leasing tax credit AND the cash incentive apply if the car is leased thru Ford Credit.

Are you saying that Electrek is wrong? They misunderstood the Ford statement that they are reporting? As of this morning, the article is still posted on electrec.co, and I see no retraction.

@hybrid2bev can you clarity this?

 

[ryano7700]

Ford has made 3 price reductions since I purchased my GT PE. So, that just means my car is now worth less. I cringe thinking about when I trade this car in....and get so much less for it. As is....my opinion is that I will never purchase a Ford again.

In the same boat. I am stuck with this MME for another 6-7 years. Ugh. But the consolation is that it is a good car; just not what I really want. Like you, my last Ford.

 

[apwelsh]

I think this article has bad math.

First, $7,500 + $7,500 =$15,000, not $13,000.

Second, I believe the $7,500 cash incentive is NOT in addition to passing on the tax credit, it's the same.

Of course you can't find any current stuff on the Ford website...

I have never leased a vehicle. But I was under the impression when you lease, you cannot get the tax incentive, that the incentive goes to the bank, and that is where their incentive comes from.

 

[apwelsh]

https://electrek.co/2024/02/20/ford...ustang-mach-e-incentives-for-f-150-lightning/

Ford slashes prices of 2023 Mustang Mach-E and adds huge incentives for F-150 Lightning

Scooter Doll| Feb 20 2024 - 7:00 am PT
0 Comments

Less than 24 hours after lowering prices of its 2023 Mustang Mach-E models in Canada, Ford Motor Company has followed suit in the US, reducing MSRPs of all trims to adapt to slower EV demand. Lease programs offer additional discounts in the US, making the Mach-E more affordable than ever. Additionally, Ford has added new incentives for the F-150 Lightning.

It’s been over four years since Ford first unveiled the Mustang Mach-E – an all-electric crossover SUV that took one of its most celebrated nameplates and adapted it for the EV age (met with a mix of love and hate).

Since entering production as a 2021 model, the Mustang Mach-E has grown in popularity, becoming the second-best-selling electric SUV in the US in 2023. While it initially launched at a starting price just below $46,000 for its lowest tier RWD Select version, we’ve seen Mustang Mach-E prices gradually drop.

After a temporary halt of orders in 2023, Ford reopened its books in May, lowering the prices of all trims of the Mustang Mach-E, which has started at an MSRP of $42,995 since. Just yesterday, the American automaker announced lower pricing for Canadian customers, now a precursor to today’s latest pricing update.

Source: Ford Motor Company

Ford cuts 2023 Mach-E prices by up to $8,100
A spokesperson for Ford shared details of the lower prices for the Mustang Mach-E in an email to Electrek this morning, which said the following:

Here’s how the updates prices for the 2023 Mustang Mach-E’s break down:

2023 Mach-E Trim	Previous MSRP*	New MSRP*	Price Difference
Select RWD	$42,995	$39,895	-$3,100
Select AWD	$45,995	$42,895	-$3,100
Premium RWD	$46,995	$42,895	-$4,100
Premium AWD	$49,995	$45,895	-$4,100
Premium RWD (Extended Range)	$53,995	$45,895	-$8,100
Premium AWD (Extended Range)	$56,995	$48,895	-$8,100
California Route 1 AWD	$56,995	$48,895	-$8,100
GT	$59,995	$52,395	-$7,600
GT (Performance Edition)	$64,995	$57,395	-$7,600

* – MSRPs do not include $1,800 in destination fees
Additionally, Ford pointed out that any 2023 Mustang Mach-E leased through Ford Credit is eligible for a $7,500 cash incentive. That’s in addition to the $7,500 federal tax credit for EV leases Ford passes on to its customers – meaning US buyers could lease a Mach-E for up to $13,000 off MSRP. Qualified buyers can also take advantage of 0% financing for 72 months.

Ford F-150 Lightning buyers can take advantage as well
In addition to the lower prices of the Mustang Mach-E, Ford followed up with additional news this morning, sharing it has also added new bonus cash incentives for certain trims of the 2023 F-150 Lightning.

The Lariat, XLT, and Pro versions of the 2023 Lightning currently qualify for a $7,500 retail credit for eligible customers at the point of sale. Still, Ford has added additional bonuses as follows:

• $7,500 retail bonus cash on an F-150 XLT Extended Range purchase
• $5,000 retail bonus cash on F-150 Lightning Lariat Standard and Extended Range purchase
• $12,500 retail bonus cash for the F-150 Lightning Platinum

If US consumers would prefer instead to pursue a lease of a 2023 F-150 Lightning, Ford has added some new offers to help sweeten the deal:

• $1,500 red carpet lease cash for the XLT
• $5,000 red carpet lease cash on the Lariat
• $7,500 red carpet lease cash for a Platinum

I call foul on this article. I went to it and all their links are to cars direct. And I cannot find a single 2023 MME select for a discounted rate, even when I search ford.com directly. Can anyone confirm they are available anywhere as new cars at these rates?

 

[RickMachE]

I have never leased a vehicle. But I was under the impression when you lease, you cannot get the tax incentive, that the incentive goes to the bank, and that is where their incentive comes from.

Goes to the leasing company who can pass it on, part of it, or none of it.

 

[tmrqs]

In the same boat. I am stuck with this MME for another 6-7 years. Ugh. But the consolation is that it is a good car; just not what I really want. Like you, my last Ford.

Really think this isn’t a Ford issue but an overall EV problem. Tesla is slashing prices left and right too.

If you look at Polestar or KIA, less than 2 year old cars have lost half their value as well. And not even talking about Porsche, devaluating even more.

I’m on the same boat, my MME lost a ton of value very quickly and if I trade it in, I’ll take a bath.

To your point, it’s a great car and it works beautifully (just wish it charged faster for road trips)… but I wouldn’t blame Ford specifically for the situation.

 

[PalsyWalsy]

I call foul on this article. I went to it and all their links are to cars direct. And I cannot find a single 2023 MME select for a discounted rate, even when I search ford.com directly. Can anyone confirm they are available anywhere as new cars at these rates?

Not even sure what you are getting at, as it is the first thing on Ford's website when I go to it.

Now if you are talking inventory, the individual dealers need to update their website/info regarding the car. You can simply call them if interested and I am sure the prices are adjusted accordingly.

Call foul?

 

[ParticularEffort]

I've been looking at dealer sites in the LA area, nothing has been updated yet. I reached out to my closest one and even asked for a quote and was still given old MSRP, despite asking for it to reflect the updated MSRP. I'm sure they're hoping they can snag a few buyers at the old prices and pocket the difference.

 

[lindseybp]

Hmm going to reach out to a dealer in my area with a large 2023 inventory to see if they would give me payoff amount for my 22 gt trade in. Would upgrade to a 23 GT performance if so. Great pricing.

 

[hybrid2bev]

@hybrid2bev can you clarity this?

From what I can see I think you are correct, the Mach-E does not qualify for the federal tax credit now (but the Lightning does if it's under the MSRP cap).

But you can lease the Mach-E and get $7,500 RCL cash instead.

 

[devmach-e]

Other members understood my post for the joke that it is, but no, you want to turn the joke into a valuation exercise. I actually don’t care how much the car is worth. If I did, I wouldn’t have spent ~$5k on winter tires mounted to OEM wheels and PPF-ed the front end (all of which are not valued by a future buyer). But you do you.

Your sarcasm needs work.

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