Inside EV has just reported that the Mach e RT 1 California edition will have a 58% residual for a 3 yr lease. That's even better than ICE versions of the Mustang. IMO, this makes a lease a no-brainer for the Mach e. Very cheap insurance against future models with much better range. Hopefully, VW will reciprocate with ID.4 lease residuals.
Mustang Mach e residual 58% per Inside EV
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And a very nice looking car.
You might think that a lease would be attractive with a residual like that, but it is artificially inflated by using the federal tax credit. A recent example from Ford credit shows the Ford lease on Mach-e is significantly more expensive than Ford Options, and Ford Options is already not very attractive compared with an ID.4 lease. The source of this information comes directly from a Ford insider on the Mach-e forum.
Thanks for the heads up that the residual includes the Fed TC. That makes it a lot less attractive.
I like the Mach E, but my wife hates the "Mustang" label. No go for that reason, alone.
It's funny about likes and dislikes. When it was released more than a year ago, I thought it looked OK, clearly different from what Audi and Mercedes were doing. But over time, particularly after ID.4 was released, it began to irritate me more. Every new pony badge that someone found (they are everywhere!) was one more pain point. I finally bailed and cancelled my order last week. I still think that it is a really good EV, maybe even better than ID.4 (it certainly has more "goodies"), but ID.4 makes me feel good when I look at it (pictures of it).
Different cars for different people. I liked the ID4 at first than when I saw the Mustang I thought the VW looked too plain. Then when I saw the specs it was clear to me Ford had a superior product. I have owned VW's and while I liked them I also know for certain they are prone to problems. Not that Ford may not have issues. I look forward to hearing real world experiences with both cars from the early adopters while I bide my time. I will get an EV as my next car for sure but just not sure what brand. Oh, then of course there are all of the new competitors coming on stream over the next year. If Tesla re-qualifies for the Fed tax credit they may be a formidable competitor on price plus they already own the market but can you imagine everyone driving a Tesla....how boring. Also there is bound to be be advances in battery tech hopefully driving down costs. This is an exciting time to be watching and learning about EV's.
I will probably go through several more EVs before I stop buying cars (unless I really like one and keep it for years, which is always possible). So, to me it doesn't really matter all that much which is next, other than a one time opportunity to buy an ID.4 1st edition. I will likely buy the Ford, or another recent model in years to come, but more likely a new, but "last year's model" at significant discount if the opportunity arises. If I fall in love my ID.4 that will definitely interfere with my quest to try different new EVs. Also, I want all the gadgets like AR HUD and 360 camera, etc, so if a loaded ID.4 follows and I like the ID.4, that might be my next purchase.
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