---
title: "Ford Mustang Mach-E Is Now Cheaper To Lease Than a Real Mustang"
date: "2024-07-19"
modified: "2024-07-19"
authors:
  - name: "Nico DeMattia"
    job_title: "Contributing Writer"
    link: "https://www.thedrive.com/authors/nico-demattia"
url: "https://www.thedrive.com/news/ford-mustang-mach-e-is-now-cheaper-to-lease-than-a-real-mustang"
categories:
  - "Ford News"
  - "News"
  - "News by Brand"
tags:
  - "Electric Vehicle"
  - "Mustang Mach-E"
---

# Ford Mustang Mach-E Is Now Cheaper To Lease Than a Real Mustang

![](<https://www.thedrive.com/wp-content/uploads/images-by-url-td/content/2022/03/Mustang-Mach-E-Hero.jpg>)
*Ford \<em\>www.thedrive.com</em>*

Ford continues to slash prices on the [Mustang Mach-E](<https://www.thedrive.com/news/ford-slashes-2023-mustang-mach-e-price-by-up-to-8100-with-0-apr>), not only making it one of the most affordable brand-new EVs to own but also the most affordable car with a muscle car name. Earlier this year, [Ford](<https://www.thedrive.com/news/35260/fords-1-9-billion-q2-loss-is-somehow-good-news-because-its-not-as-bad-as-wall-street-expected>) cut prices on the Mach-E across the board and now it's slapping even more cash on the hood of leased ones, bringing the overall effective monthly cost down to as little as $448.

According to *[CarsDirect](<https://www.carsdirect.com/deals-articles/ford-mustang-mach-e-cheaper-to-lease-than-camaro>)*, Ford is offering up to $9,600 on entry-level Select RWD Mustang Mach-E thanks in part to a $600 Summer Sale bonus. That brings the monthly lease price down to just $319 per month for 36 months, with $4,649 due at signing. Spread that initial down payment across the 36 months, adding it to the monthly payment, and you get the $448 effective lease price. The cheapest gas-powered Mustang you can lease is a 2023 Mustang Ecoboost 2.3-liter, with an effective lease price of $477 per month.

![](<https://www.thedrive.com/wp-content/uploads/2024/02/20/ford-mustang-mach-e-2.jpg>)
**Ford**

How does the Mustang Mach-E compare to the muscle car from Ford's crosstown rival? The cheapest [Chevrolet Camaro](<https://www.thedrive.com/news/whats-next-for-the-chevy-camaro>) you can lease is reportedly the V8-powered 1LT with an automatic transmission, with an effective lease price of $483 per month.

Despite its low lease prices, relative to cars with muscle car names, the Mustang Mach-E isn't as cheap to lease as other EVs. It isn't even the cheapest electric crossover to lease. Cars like the Hyundai Ioniq 5, Subaru Solterra, and even the Chevy Equinox EV can all be had for lower effective lease prices.

The Mustang Mach-E is an understandably attractive car for EV buyers, though. It's sharp and sporty crossover that, in its most basic configuration, has rear-wheel drive, 246 horsepower, 387 lb-ft of torque, tons of standard equipment, and 250 miles of range. When you look at it more as a sporty EV rather than just any other EV crossover, this new record-low lease price for it starts to make a case for itself.

*Got tips? Send 'em to tips@thedrive.com*

## Author
Nico is a writer and reviewer from New Jersey who probably thinks he’s a lot funnier than he actually is. His love of cars began when he was just a kid playing Gran Turismo 3, grinding out enough race wins with a Mazda Miata to save up for an in-game RUF 911. That passion for small, lightweight sports cars drove his desire to learn more about the industry, get his hands on as many cars as he could, and bring those experiences to life on the page. He cut his teeth writing about BMWs, Volkswagens, and Audis, mostly, and has owned far too many of each. He’s on his fourth 3 Series sedan, but all of his old, cheap German cars have forced him to learn more about car maintenance than his mechanical capability can handle. Too many late nights have been spent scrambling to get a car running by morning so he could get to work. For some reason, he never seems to learn that old Bimmers probably aren’t the best daily drivers. But he loves more than just old German cars. He’ll gladly drive and discuss anything with four (or even three) wheels. Cars aren’t his only passions, though. Nico is also a big nerd and loves movies, video games, comic books, and cares far too much about the New York Giants. So don’t be surprised if you see football references or dumb, obscure movie quotes in any of his car reviews.

### Author social links  
[Instagram](<https://www.instagram.com/ndemattia/>)  
[LinkedIn](<https://www.linkedin.com/in/nico-demattia-90885540/>)