This is good news for customers wanting to lease the electric crossover.
While many diehard Ford fans still need more time to warm up to it, the Mustang Mach-E has a lot going for it. It's quick, has a decent range for an electric crossover, and is a lot more practical than the pony car with which it shares a name.
There's another advantage in the Mach-E's favor, though, based on a new report by CarsDirect. The Mustang Mach-E has surprisingly strong residual values. In fact, its residuals are better than the Mustang Coupe. Depending on the trim, the Mach-E's 36-month residual values range between 56 and 58 percent.
For the gas-powered Mustang coupe, its own residual value dips to 48 percent for the convertible model with the turbocharged engine, increasing to 53 percent for the GT coupe and Mach 1 equipped with the V8 engine.
The Mustang Mach-E bucks the trend of poor residual values for electric vehicles. For example, the 2020 Chevrolet Bolt LT lease stipulates a 49 percent residual over 12,000 miles per annum. Ford's arrangement is slightly different, however, with a limit of 10,500 miles. It's interesting to note that the Mustang Mach-E has a higher MSRP than the Mustang GT yet was recently found to be more affordable to finance based on incentives offered at the time.
For customers interested in leasing, the lowest residual value of 56 percent applies to the Mustang Mach-E Select Standard Range (both RWD and AWD) and GT Extended Range trims. That value rises to 57 percent for the Premium Standard Range (RWD and AWD) and tops out at 58 percent for all other variants, including the First Edition.
It took until the end of last year for Ford to make a leasing option available for the Mustang Mach-E, but even before then, it was eligible for incentives of up to $11,000 in locations such as California. Notably, the $7,500 tax credit for electric vehicles like the Mach-E isn't being offered by Ford Credit as lease cash, which could've really sweetened the deal.