Ford is Offering a Zero-Percent Interest Rate for Mach-E Loans

Chris Teague
by Chris Teague

Ford cut Mustang Mach-E pricing earlier this year, achieving its intended result of boosting demand for the electric SUV. Now, the automaker is offering a zero-percent APR for qualified customers, making the vehicle even more affordable.

The Blue Oval discounted some Mach-E variants by more than $8,000, pushing sales by 86 percent in the first quarter of 2024. Those numbers made it the second best-selling SUV in its class, topped only by the Tesla Model Y. A zero-percent interest rate will likely improve its fortunes, though it’s not eligible for federal tax credits as of the time of this article.

Ford is also prepping for the release of the Mach-E Rally, which brings a slight lift kit, beefier tires, rally wheels, and skid plates. The vehicle’s improving sales numbers are good news for the automaker, which had seen demand slide after the initial rush.

Incentives are nothing new, and they don’t necessarily point to problems with Mach-E demand. Though price cuts sometimes hurt current owners’ resale values, Ford’s traditional approach with interest rate cuts is a good way to boost sales without that nasty side effect.

That said, Ford’s EV business hasn’t done it many favors in recent times. The company expects to lose billions on its Model e division and has pushed back the release of planned electric models as demand grows slower than hoped. Ford has had its ups and downs with quality, racking up more recalls than any other automaker, but this latest incentive makes the Mach-E hard to ignore.

[Images: Ford]

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Chris Teague
Chris Teague

Chris grew up in, under, and around cars, but took the long way around to becoming an automotive writer. After a career in technology consulting and a trip through business school, Chris began writing about the automotive industry as a way to reconnect with his passion and get behind the wheel of a new car every week. He focuses on taking complex industry stories and making them digestible by any reader. Just don’t expect him to stay away from high-mileage Porsches.

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  • Carsofchaos Carsofchaos on May 30, 2024

    Styling is subjective, there are plenty of uglier cars out there (I'm looking at you, Lexus). But then again, I think 1958 Oldsmobiles are beautiful & have a man-crush on the Aztek, so I'm probably not the best person to ask if a car is good looking or not.

  • ToolGuy ToolGuy on Jun 06, 2024

    If I look on cargurus dot com, ye olde Mustang Mach-E (used edition) has broken the $30K barrier in the right direction. More volume in 2022 calendar year over 2021 means the trend should continue. Only Mustang I would be interested in (one of two Fords I would consider having; the other one is a truck named for electrical discharges). This is how I ' shop' for vehicles; what's your method? (Oh you go the dealer lol.)

  • 3-On-The-Tree I don’t think Toyotas going down.
  • ToolGuy Random thoughts (bulleted list because it should work on this page):• Carlos Tavares is a very smart individual.• I get the sense that the western hemisphere portion of Stellantis was even more messed up than he originally believed (I have no data), which is why the plan (old plan, original plan) has taken longer than expected (longer than I expected).• All the OEMs who have taken a serious look at what is happening with EVs in China have had to take a step back and reassess (oversimplification: they were thinking mostly business-as-usual with some tweaks here and there, and now realize they have bigger issues, much bigger, really big).• You (dear TTAC reader) aren't ready to hear this yet, but the EV thing is a tsunami (the thing has already done the thing, just hasn't reached you yet). I hesitate to even tell you, but it is the truth.
  • ToolGuy ¶ I have kicked around doing an engine rebuild at some point (I never have on an automobile); right now my interest level in that is pretty low, say 2/5.¶ It could be interesting to do an engine swap at some point (also haven't done that), call that 2/5 as well.¶ Building a kit car would be interesting but a big commitment, let's say 1/5 realistically.¶ Frame-up restoration, very little interest, 1/5.¶ I have repainted a vehicle (down to bare metal) and that was interesting/engaging (didn't have the right facilities, but made it work, sort of lol).¶ Taking a vehicle which I like where the ICE has given out and converting it to EV sounds engaging and appealing. Would not do it anytime soon, maybe 3 to 5 years out. Current interest level 4/5.¶ Building my own car (from scratch) would have some significant hurdles. Unless I started my own car company, which might involve other hurdles. 😉
  • Rover Sig "Value" is what people perceive as its worth. What is the worth or value of an EV somebody creates out of a used car? People value different things, but for a vehicle, people generally ascribe worth in terms of reliability, maintainability, safety, appearance and style, utility (payload, range, etc.), convenience, operating cost, projected life, support network, etc. "Value for money" means how much worth would people think it had compared to competing vehicles on the market, in other words, would it be a good deal to buy one, compared to other vehicles one could get? Consider what price you would have to ask for it, including the parts and labor you put into it, because that would affect the “for the money” part of the “value for money” calculation. An indicator of whether people think an EV-built-in-a-used-car would provide "value for money" is the current level of demand for used cars turned into EVs. Are there a lot of people looking for these on the market? Or would building one just be a hobby? Repairing an existing EV, bringing it back into spec, might create better value for the money. Although demand for EVs is reportedly down recently.
  • ToolGuy Those of you who aren't listening to the TTAC Podcast, you really don't know what you are missing.