Is it really a great deal?
The Ford Mustang E is now available for purchase in the United States . The order books have now opened and Ford is happy to take your deposit and work closely with you to close your deal. The manufacturer offers 84-month financing.
CarsDirect has released a report that explains how this deal may seem appealing, but it is not. The seven-year financing is at a high 5.9% annual percentage rate (APR), compared to the 3.9 percent APR on a 72-month deal. This information was leaked from dealer incentive bulletins.
You can also choose a 48-month financing plan with a 0.9 per cent APR. This will give you $832 interest for a $45,000 crossover. The 84-month deal comes with a massive $10,000 interest rate and increases the total cost to $55,000. CarsDirect Customers should also be aware that electric cars depreciate faster than traditional cars. For example, a BMW i3 loses 63 per cent of its value within the first year of ownership, compared with an average 38 percent for all cars.
Phone Ly, CEO of research company iSeeCars, explains that electric vehicles are more likely to depreciate than other segments due in part the state federal incentives in place at the time they were sold new. Customers who have made reservations in advance can now finalize their Mustang Mach-E deals. Order books are now open. The fourth quarter of the year will see the first deliveries.