The Ford Mustang Mach-E is finally on sale in the United States. The order books are now open and Ford will be happy to accept your deposit and work with you to finalize your purchase. It turns out that you can already get 84 months financing from the manufacturer.
In a new report, CarsDirect explains that this may sound like an intriguing deal, but it doesn’t have to be. Information disclosed in dealer incentive bulletins shows that seven-year financing is at an annual percentage rate (APR) of 5.9%, compared to 3.9% for a 72-month agreement.
In addition, if you opt for a 48-month financing option, it would come with a 0.9% APR, which will translate into only $ 832 of interest for a $ 45,000 crossover. In turn, the 84-month agreement has a huge interest of $ 10,000 and brings the total price to more than $ 55,000.
CarsDirect also points out that electric vehicles depreciate more strongly than traditional cars and that customers should be aware when buying a new electric vehicle. A BMW i3, for example, loses 63% of its value in the first years of possession, compared to an average of 38% for all vehicles.
“Electric vehicles depreciate more than any other vehicle segment due in part to the federal state incentives that were in place when these vehicles were sold new,” said Phone Ly, CEO of research company iSeeCars.
With the order books now open, customers who have made an advance reservation can finally finalize their offers for the Mustang Mach-E. The first deliveries are scheduled for the fourth quarter of this year.