# Deal Check on Lease - 2023 Ford Mustang Mach E GT (Premium Edition) EV **URL:** \ **Category:** Ask the Hackrs\ **Tags:** suv, mi, sports, hatchback, ford\ **Created:** [April 18, 2024, 6:55pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224 "2024-04-18T18:55:08Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![kyckle500](https://leasehackr.b-cdn.net/letter_avatar/kyckle500/32/5_5575768a8748004e209b776fc1b2916d.png) [@kyckle500](https://forum.leasehackr.com/u/kyckle500)\ **Post date:** [April 18, 2024, 6:55pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/1 "2024-04-18T18:55:08Z")
Alright - first time looking at a lease and I found this awesome forum. Could use some insight/help. I want to make sure you experts get your eyes on this and advise if you think it’s a good deal or not, OR what further questions to ask. The $10,250 rebate includes the $7500 Ford incentive as well as a Ford Employee X Plan discount. For $49,619, I thought the monthly payments would be lower than $600-700 but maybe it’s because I’m not throwing nor do I want to, $5k down. Also do not want to buy as who knows what EVs are going to be doing 2-4 years down the road. Please and thanks! ![lease agreement](https://leasehackr-assets.b-cdn.net/original/3X/0/5/05cbbccca9ba5f7f1198da870f7e5a28d1e05ab6.jpeg) ---
**Author:** ![BMES305](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/bmes305/32/265591_2.png) [@BMES305](https://forum.leasehackr.com/u/BMES305)\ **Post date:** [April 18, 2024, 7:16pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/2 "2024-04-18T19:16:51Z")
I’m not sure what the going discount off MSRP is going on one of these but it looks like they haven’t discounted anything so bad deal especially on a 23. ---
**Author:** ![Zenek](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/zenek/32/204361_2.png) [@Zenek](https://forum.leasehackr.com/u/Zenek)\ **Post date:** [April 18, 2024, 8:00pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/3 "2024-04-18T20:00:15Z")
You should ask for 10% discount before rebates. Also, you can get Lucid for less if sedan will work for You. > **[Lucid Motors](https://lucidmotors.com/)** > > Lucid is the future of sustainable mobility, designing electric cars that further reimagines the driving experience. > [@2025 Lucid $2k in stock, $2k conquest, $7.5k ev, $7.5k air, + $500-$1250 referral, $1 DD credits](https://forum.leasehackr.com/t/2024-lucid-5000-off-in-stock-only-for-april-2023s-are-sold-out/487775): > > With Lucid lowering prices and subsidizing their leases check out the lease specials: I leased a Pure and bought out the lease last month (to get the $7500), if I could have got this deal I would have just kept it as a lease. good luck out there! ---
**Author:** ![joeblogs](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/joeblogs/32/44022_2.png) [@joeblogs](https://forum.leasehackr.com/u/joeblogs)\ **Post date:** [April 18, 2024, 8:14pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/4 "2024-04-18T20:14:00Z")
X plan is like 2% below invoice, that price is wrong. ---
**Author:** ![gohawks23](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/gohawks23/32/191452_2.png) [@gohawks23](https://forum.leasehackr.com/u/gohawks23)\ **Post date:** [April 18, 2024, 8:16pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/5 "2024-04-18T20:16:32Z")
Learn the negotiables and how to use the LH calc…practice by using the deal you have and post link. > [@LH Calculator and how to use it](https://forum.leasehackr.com/t/lh-calculator-and-how-to-use-it/246415): > > One of the more common posts we see here are from people trying to utilize the [LH Calculator](https://leasehackr.com/calculator/) and struggling to get the correct numbers. More often than not, this is the result of user error, so let this be a guide on how to use the calculator and what values go where. With that said, a few starting notes. Read these 3 times before continuing: The calculator is not perfect, there are some limitations in how things are calculated. Do not expect to match an offer perfectly. There are often diffe… ---
**Author:** ![zaimer](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/zaimer/32/209153_2.png) [@zaimer](https://forum.leasehackr.com/u/zaimer)\ **Post date:** [April 18, 2024, 8:33pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/6 "2024-04-18T20:33:49Z")
People are still buying these? Deal sucks imo If you’re looking to stick with the electric, there are much better deals to be had. Unless you are married to the Mach E? ---
**Author:** ![delta737h](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/delta737h/32/11316_2.png) [@delta737h](https://forum.leasehackr.com/u/delta737h)\ **Post date:** [April 18, 2024, 9:58pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/7 "2024-04-18T21:58:37Z")
> [@kyckle500](#): > > For $49,619, I thought the monthly payments would be lower than $600-700 but maybe it’s because I’m not throwing nor do I want to, $5k Here’s what I know… Upfront Fees… CCR- Rebate 10,250.00 CCR Cash 90.63 Tax 637.48 Tax Rate? Needs to be vetted. Gov. Fees 360.00 Doc Fee 260.00 1st Payment 651.89 TOTAL Inception Fees 12250.00 Rebate/Credit 10250.00 DAS 2000.00 Here’s what I don’t know… Sales Tax Rate MSRP Residual Factor Residual Value FMC interest rate (Note: FMC does not use a money factor) State I need all the above, except the interest rate (I can determine that), to evaluate. I suspect that the interest rate is quite high. Comment: Seems that you’re chasing after the dealer and allowing them to dictate terms. Research the selling price in your market. Also, vet all data (fees, interest rate, etc.). You may want to obtain a copy of the window sticker. Finally, I’m not a fan of paying any money upfront. A car is a depreciating asset, not an investment. Total it and you risk losing all or part of your upfront money. ---
**Author:** ![mllcb42](https://leasehackr.b-cdn.net/letter_avatar/mllcb42/32/5_5575768a8748004e209b776fc1b2916d.png) [@mllcb42](https://forum.leasehackr.com/u/mllcb42)\ **Post date:** [April 18, 2024, 10:25pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/8 "2024-04-18T22:25:14Z")
> [@kyckle500](#): > > For $49,619, I thought the monthly payments would be lower than $600-700 but maybe it’s because I’m not throwing nor do I want to, $5k down Please post your calculator for how you got to what you thought the price should be ---
**Author:** ![kyckle500](https://leasehackr.b-cdn.net/letter_avatar/kyckle500/32/5_5575768a8748004e209b776fc1b2916d.png) [@kyckle500](https://forum.leasehackr.com/u/kyckle500)\ **Post date:** [April 19, 2024, 2:37pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/9 "2024-04-19T14:37:18Z")
Hey John! Thanks for your assistance. I’m gathering the rest of the details and will post. The LH Calculator while awesome, is a little confusing to me as some fields I don’t know what to input and/or ask the dealer. I also have the window sticker which I can attach. Side note, caught your username; I’m also a licensed pilot but only as a hobby. Big aviation enthusiast here! ---
**Author:** ![delta737h](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/delta737h/32/11316_2.png) [@delta737h](https://forum.leasehackr.com/u/delta737h)\ **Post date:** [April 19, 2024, 5:15pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/10 "2024-04-19T17:15:22Z")
> [@kyckle500](#): > > The LH Calculator while awesome, is a little confusing to me as some fields I don’t know what to input and/or ask the dealer. I understand and don’t use online calculators although the LH calculator is by far the best I’ve seen. Sometimes dealer worksheets are very helpful. The usefulness of these worksheets is the data that must be vetted. Once I’ve vetted all relevant data, I input them into my lease program, and it does all the calculations. Next, I create a knock 'em dead lease proposal like the one below and email it to the dealer. Let the email/phone negotiations begin! ![image](https://leasehackr-assets.b-cdn.net/original/3X/3/a/3a24ac782a9b524603851d6bd036a328dfdb8757.png) Once an agreement is reached, I ask the dealer for the completed lease agreement and worksheet (this is sent to the fund provider) to ensure that there are no mistakes. I’m looking forward to receiving your additional information so I can have some fun number crunching and maybe learn something new! Lots of very bright people on this website and so you’ve come to the right place. I’m just a deck hand. I started flying in HS. Flew commercially for a short time but most of my flying was for pleasure. However, most of the thrill for me was flight planning and teaching ground school. ---
**Author:** ![mllcb42](https://leasehackr.b-cdn.net/letter_avatar/mllcb42/32/5_5575768a8748004e209b776fc1b2916d.png) [@mllcb42](https://forum.leasehackr.com/u/mllcb42)\ **Post date:** [April 19, 2024, 5:53pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/11 "2024-04-19T17:53:28Z")
> [@kyckle500](#): > > The LH Calculator while awesome, is a little confusing to me as some fields I don’t know what to input and/or ask the dealer > [@LH Calculator and how to use it](https://forum.leasehackr.com/t/lh-calculator-and-how-to-use-it/246415): > > One of the more common posts we see here are from people trying to utilize the [LH Calculator](https://leasehackr.com/calculator/) and struggling to get the correct numbers. More often than not, this is the result of user error, so let this be a guide on how to use the calculator and what values go where. With that said, a few starting notes. Read these 3 times before continuing: The calculator is not perfect, there are some limitations in how things are calculated. Do not expect to match an offer perfectly. There are often diffe… ---
**Author:** ![gohawks23](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/gohawks23/32/191452_2.png) [@gohawks23](https://forum.leasehackr.com/u/gohawks23)\ **Post date:** [April 21, 2024, 6:57pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/12 "2024-04-21T18:57:24Z")
> [@kyckle500](#): > > The LH Calculator while awesome, is a little confusing to me To be honest, if you don’t figure out the fields and learn how to use the calc (it isn’t hard) you will leave thousands on the table…you need to be smarter than the dealer otherwise your best option is to find/use a broker. ---
**Author:** ![kyckle500](https://leasehackr.b-cdn.net/letter_avatar/kyckle500/32/5_5575768a8748004e209b776fc1b2916d.png) [@kyckle500](https://forum.leasehackr.com/u/kyckle500)\ **Post date:** [April 22, 2024, 1:05pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/13 "2024-04-22T13:05:19Z")
@delta737h Got some more information! Appreciate your help and I’m going to read the calculator how-to forum that was also posted here; see what comes out of that too. So to fill in the blanks above which you requested. State: Michigan Sales Tax Rate: 6% Monthly Tax (Part of payment): $36.90 MSRP: $60,235 (window sticker attached) Residual Value at End: $27,708 Residual Percent: 43% FMC Rate: 1.65 [windowsticker.pdf](https://forum.leasehackr.com/uploads/short-url/vnd3OG9HtFae2yvMwurhM7H82xJ.pdf) (1.1 MB) ---
**Author:** ![delta737h](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/delta737h/32/11316_2.png) [@delta737h](https://forum.leasehackr.com/u/delta737h)\ **Post date:** [April 22, 2024, 2:26pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/14 "2024-04-22T14:26:36Z")
> [@kyckle500](#): > > MSRP: $60,235 (window sticker attached) > Residual Value at End: $27,708 > Residual Percent: 43% Is the residual percent 43% or 46%? 60235 x 46% = 27708.10 60235 x 43% = 25901.05 EDIT: It must be 46% because the contractual payment is 651.55 ---
**Author:** ![delta737h](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/delta737h/32/11316_2.png) [@delta737h](https://forum.leasehackr.com/u/delta737h)\ **Post date:** [April 22, 2024, 3:17pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/15 "2024-04-22T15:17:30Z")
Below reflects my calculations of your lease inception fees… it’s very close to the dealer’s calcs… Gov 360.00 Doc 260.00 \*Tax 637.48 CCR Cash 90.53 1st Pay 651.55 **DAS 1999.56** **Bottom line: DAS = 1999.56 followed by 38 payments of 651.55 each.** The Bad: A 1.5% dealer discount is very weak at best. Couple that with a 46% res. factor and 10000 miles annually, and you have a recipe for a bad lease deal. You should not have to pay any money upfront. I can structure the lease with DAS = 0 or, just your 1st payment due, if you like. This is accomplished by allocating the 10250 rebate to all inception fees including cap reduction. If interested, PM me. BUT the first thing you may want to do is work on getting the selling price way down. Also, make sure you’re getting FMC’s buy rate if it isn’t already. Not much you can do about the residual… that’s nasty. EDIT: Tax = 6% x (10340.53 + 260) = 636.03 ---
**Author:** ![BMES305](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/bmes305/32/265591_2.png) [@BMES305](https://forum.leasehackr.com/u/BMES305)\ **Post date:** [April 22, 2024, 7:08pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/16 "2024-04-22T19:08:18Z")
I would say you need to shoot for a 15% to 10% discount off of MSRP and then you would be in the ballpark for a good deal. ---
**Author:** ![lizboron](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/lizboron/32/189788_2.png) [@lizboron](https://forum.leasehackr.com/u/lizboron)\ **Post date:** [May 27, 2024, 3:54pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/18 "2024-05-27T15:54:02Z")
OMG delta737! Will you negotiate a deal for me?? I’ll even pay you! 😁 ---
**Author:** ![gohawks23](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/gohawks23/32/191452_2.png) [@gohawks23](https://forum.leasehackr.com/u/gohawks23)\ **Post date:** [May 27, 2024, 4:05pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/19 "2024-05-27T16:05:28Z")
Go to Wiki here and learn how to use calc. It isn’t hard. But the prof is awesome! ---
**Author:** ![lizboron](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/lizboron/32/189788_2.png) [@lizboron](https://forum.leasehackr.com/u/lizboron)\ **Post date:** [May 27, 2024, 4:48pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/20 "2024-05-27T16:48:19Z")
The “prof”?? ---
**Author:** ![system](https://leasehackr-assets.b-cdn.net/original/3X/f/7/f76e5433b417879e07ad6f0cee47e239c8f1cdd4.png) [@system](https://forum.leasehackr.com/u/system)\ **Post date:** [July 26, 2024, 4:48pm UTC](https://forum.leasehackr.com/t/deal-check-on-lease-2023-ford-mustang-mach-e-gt-premium-edition-ev/548224/21 "2024-07-26T16:48:46Z")
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