The seventh-generation Ford Mustang has all the makings of a seriously impressive performance car but now could actually be an excellent time to pick up the keys to a sixth-gen Mustang.
Dealer incentive bulletins have revealed that Ford is offering a 0% financing deal on the outgoing model in both EcoBoost and GT guises. Cars Direct notes that Ford Credit cut its 60-month interest rate from 3.9% to 0% in March while also dropping its 72-month interest rate from 4.9% to 1.9%.
Over the course of a 5-year loan on a $30,000 model, the 0% APR could translate into a $3,000 saving.
While it is the 2024 Mustang that has been getting all the attention recently, there are still plenty of 2022 models out there. In fact, there are over 2,800 examples in stock across the United States. Sure, the new-age Mustang has lots going for it but the sixth-generation model is still a very impressive performance, particularly when outfitted with Ford’s beloved 5.0-liter naturally-aspirated Coyote V8.
Read: Go Configure Your 2024 Ford Mustang Right Now!
While Ford is looking to sell the remaining 2022 models it has in its inventory, it is still selling the 2023MY version of the sixth-gen model. It is also available to finance, although it is pricier. It is currently offered with a 3.9% interest rate over 36 months. This increase to 5.9% for a 60-month loan and 7.9% for a 72-month loan. The result? Over the period of a 5-year loan, you will be paying roughly $4,700 more on a $30,000 Mustang for 2023MY than on the 2022 model.
As for the 2024 Ford Mustang, we know that prices kick off from $30,920 for the entry-level EcoBoost Fastback and top out at $61,875 for the Dark Horse Premium.
