Ford Mustang Mach-E undercuts Chevy Camaro with new EV lease deals

After introducing new deals this month, the Ford Mustang Mach-E is now cheaper to lease than a Chevy Camaro. Even though the Camaro costs over $7,500 more, the Mach-E is a better lease deal with massive savings.

Ford is sweetening the deal this year for EV buyers with significant savings. Through its Summer Savings event, Ford is offering up to $9,600 in lease cash on the Mustang Mach-E.

The deal comes after Ford already slashed Mach-E prices earlier this year by up to $6,000 on certain trims. Ford’s electric SUV also gained a new 0% APR offer in May.

This month, there are even more savings opportunities. Ford introduced new summer sales deals with up to $9,600 off the Mach-E.

Ford is listing Mustang Mach-E lease prices at just $319 per month for 36 months. With $4,649 due at signing, the effective cost is $448.

According to online car research firm CarsDirect, that’s about $40 less than before. The deal is for the Select RWD with Package 100A, which has a $41,890 MSRP.

Ford Mustang Mach-E lease prices beat Chevy’s Camaro

At that, the Ford Mach-E is cheaper to lease than its gas-powered rival, Chevy’s Camaro. The Camaro 1 LT Turbo ($34,090 MSRP) is listed at $349 per month for 39 months. With $5,939 due at signing, the effective rate is $501 per month.

The Camaro is $53 more expensive to lease but costs over $7,500 less. Meanwhile, the V-8 LT1 model ($41,990 MSRP) is listed at $309 per month for 39 months. With $6,769 due at signing, the monthly rate is $483, still $35 more than the Mach-E.

Ford’s Mach-E isn’t the only EV on sale. The F-150 Lightning electric pickup also earned significant deals this month.

With the new savings, you can lease a Ford F-150 Lightning for just $1 more than a Maverick this month.

Ready to score big with Ford’s new summer savings? We can help you get started. Click our links below to view offers on Ford’s EVs in your area.