Looking to get a Mach E…which deal is better?

Hi!

Will be taking a look at the Mach e today!

Super excited but unsure which deal is better…

  1. 2024 Mach E - premium for $38,590 (before taxes)
    This price is after dealer discount, charging credit, Mach e bonus cash, EV bonus cash

  2. NEW 2024 Ford Mach-E Select CLOSED-END LEASE for $78 FOR 36 MONTHS. $4,995, LEASE DOWN PAYMENT CASH OR TRADE EQUITY DUE FROM CUSTOMER 10,500 MILES PER YEAR WITH 20 CENTS PER EXCESS MILE THEREAFTER.

#2 if you drive less than 10k per year and the 5K already includes TTL.

Andre said:
#2 if you drive less than 10k per year and the 5K already includes TTL.

Would you say it’s a really good deal? Or keep looking? I live in SoCal

Davin said:

Andre said:
#2 if you drive less than 10k per year and the 5K already includes TTL.

Would you say it’s a really good deal? Or keep looking? I live in SoCal

Really good deal like jump on it now if the numbers are what you say. My friend leased the same one in December 325/month with $0 down for 24mo and 10.5K/year.

Yours is even better.

@Andre
Any thoughts on what would be a jump on it deal to purchase the premium? For an OTD price?

Davin said:
@Andre
Any thoughts on what would be a jump on it deal to purchase the premium? For an OTD price?

Would be like 10k off plus TTL. But for some reason the 7500 EV incentive doesn’t apply to purchase only lease.

I wouldn’t buy it though lol :joy:

If you plan on keeping the car, buy it.

Payton said:
If you plan on keeping the car, buy it.

Would you say these deals are “no brainers” or would you keep looking? Live in SoCal for reference

Davin said:

Payton said:
If you plan on keeping the car, buy it.

Would you say these deals are “no brainers” or would you keep looking? Live in SoCal for reference

Knowing what I know now and how much my car has declined in value from 2022, if I could have gotten that lease deal, I would have leased. The market has not settled on EV value, and with the new Trump admin hellbent on gutting incentives, it’s still all up in the air. We actually just leased a 2024 back in December for my wife because the lease deals are so crazy inexpensive right now. Don’t get me wrong, I’m still happy with my car, but I paid a premium for being an adopter and a car is a depreciating asset, so you’ve just got to weigh what works best for you financially.

Sorry, I am confused. what do you mean $78 ?

Dev said:
Sorry, I am confused. what do you mean $78 ?

After the 5k down you pay $78 a month for 36 months

Davin said:

Dev said:
Sorry, I am confused. what do you mean $78 ?

After the 5k down you pay $78 a month for 36 months

Huh, $5000 is a down payment / CCR ? Straight math without any interest considerations divided by 36 thats $138/mo. You are saying your lease payment is only $78 a month with the $5000 down or are you also trading in a vehicle to put towards your lease?

@Dev
I don’t follow too. How is this even possible. If OP will not travel more than 10k miles a year this is literally “pay interest-only” free transport for 3 years. I think EV tech is ramping up so leasing is a great idea but good luck getting a car for prices you see now in 3 yrs time- we have no idea where is Harambe going.

@Vail
This is the description on the ford dealers website near me

NEW 2024 Ford Mach-E Select CLOSED-END LEASE for $78 FOR 36 MONTHS. $4,995, LEASE DOWN PAYMENT CASH OR TRADE EQUITY DUE FROM CUSTOMER + RCL CASH + SELECT CASH + TRADE ASSISTANCE CASH WITH OTHER REBATES DUE AT LEASE SIGNING PLUS GOVERNMENT FEES AND TAXES. ON APPROVED ABOVE-AVERAGE CREDIT THROUGH FORD MOTOR CREDIT. BASED ON CURRENT COUNTY TAX RATE. NO SECURITY DEPOSIT REQUIRED. 10,500 MILES PER YEAR WITH 20 CENTS PER EXCESS MILE THEREAFTER. SEE DEALER FOR DETAILS. OFFER EXPIRES 02-03-2024. VIN: 3FMTK3S56RMA12550 STOCK: 00240700 ONLY ONE AT THIS PRICE.

EDIT: is there more info I need?

@Davin
No, you are golden. Just be sure you check if it comes with comfort package n go through all the premium things u will let go of. Six speakers ok? Also check msrp n residual value. It should be standard n will not affect yr lease, only when u decide to buy it 3 yrs later.

If you plan on keeping it til it dies, I’d consider the purchase. Leasing means you’d have to search all over again at the end or go through the buyout process.

I learned that a “good deal” is whatever you’re willing to pay based on prices in your neck of the woods. A premium starts at 43k and now you’re down to 38k pre tax. Does that feel good to you? If not, are you willing to drive to a different state for a different price? Are you willing to wait for different vehicles to post? If you don’t buy this one, would you be mad if someone else beat you to it? Everything is very subjective.

For reference I got my premium rwd er with pano for 42 OTD in Texas but this was after looking for months and stalking dealer pages.

Edit: also, ask ChatGPT. Have it give you advice, run numbers, list pros/cons. We have this technology available to us, so use it. Hope this was helpful. Good luck friend. :four_leaf_clover:

Wtf…… where do u get this kinda deals… like… I feel I overpaid

They don’t have the lease car with that vin listed in their inventory anymore. That seemed like a great deal to get 10.5k miles a year for ~$2,600 ($217 a month).

I’d go see what kind of lease deal they’d give you for one of the cars on the lot. I’d avoid putting down 5k if possible, but overall that lease deal looks good.

Don’t purchase an EV unless you plan to drive it until it dies.

Chad said:
Don’t purchase an EV unless you plan to drive it until it dies.

I plan to drive all my cars “until they die”

Currently on a 2014 ford fusion hybrid with 215k on it haha

Hoping the Mach e would last 10 years