Summary
- Prices for most 2024 Ford Mustang Mach-E trims have increased due to higher destination fee
- The Rally trim is now $1,000 cheaper, while the GT trim is $1,195 more expensive
- The Model Y is $1,000 cheaper than the Mustang Mach-E and is eligible for a $7,500 tax credit
- The cheapest Mustang Mach-E, the Select RWD, has an EPA-estimated range of 250 miles
- Ford is offering 0% interest rate on financing for 60 months for the Mustang Mach-E
Article
Ford Increases Prices on 2024 Mustang Mach-E Models
After initially dropping prices for the 2023 and 2024 Mustang Mach-E in March, Ford has now increased the MSRP for most trim levels. The destination fee has also been raised from $1,800 to $1,995. With this adjustment, the 2024 Mustang Mach-E is now $1,000 more expensive than the Tesla Model Y. However, the Rally trim has seen a decrease in price and is now more affordable at $60,990.
Price Adjustments Across Trim Levels
Various trim levels of the 2024 Ford Mustang Mach-E have seen price increases due to the higher destination charge. The Select RWD, Select AWD, Premium RWD, and Premium AWD models have all been raised by $195, making the most affordable option priced at $41,990. The biggest increase was seen on the GT trim and the Select with Extended Range battery, both up $1,195. These changes make the Mustang Mach-E a more expensive option compared to its competitors.
Improved Features in the 2024 Ford Mustang Mach-E
Despite the price increase, the 2024 Ford Mustang Mach-E offers improved features over its predecessor. This new model boasts more range, faster charging, a new infotainment system interface, and a quicker zero to 60 miles per hour time of 3.3 seconds for the GT trim. Comparatively, the Tesla Model Y Performance, its main competitor, has been outperformed in terms of speed.
Model Y Vs. Mustang Mach-E
The Tesla Model Y starts at $44,990 for the Long Range Rear-Wheel Drive version with an estimated range of 320 miles. In comparison, the entry-level 2024 Mustang Mach-E has an EPA-estimated range of 250 miles. Upgrading to the Premium RWD version with the Extended Range battery increases the range to 320 miles. While the Model Y is eligible for a $7,500 tax credit, the Mustang Mach-E is not, making it a less attractive option for some buyers.
Leasing and Financing Options
For those interested in leasing or financing a 2024 Ford Mustang Mach-E, there are some appealing offers available. Ford is offering a 0% interest rate on financing for 60 months, making it a more affordable option for some consumers. However, the lack of a tax credit may still deter some buyers from choosing the Mustang Mach-E over competitors like the Tesla Model Y.
Conclusion
Overall, the 2024 Ford Mustang Mach-E has seen a price increase for most trim levels, making it more expensive than its main competitor, the Tesla Model Y. Despite this, the Mustang Mach-E offers improved features and performance, which may appeal to some buyers. With competitive leasing and financing offers, Ford is aiming to make the Mustang Mach-E a more accessible option for electric vehicle shoppers, despite not being eligible for a tax credit.
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