{"id":1279,"date":"2020-08-03T00:02:00","date_gmt":"2020-08-03T00:02:00","guid":{"rendered":"https:\/\/machevlog.com\/?page_id=1279"},"modified":"2022-01-27T05:52:06","modified_gmt":"2022-01-27T05:52:06","slug":"tco","status":"publish","type":"page","link":"https:\/\/machevlog.com\/tco\/","title":{"rendered":"Mustang Mach-E TCO"},"content":{"rendered":"

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Mustang Mach-E Cost of Ownership<\/h1>\n

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If you want to see my numbers in detail or want to change the assumptions about mileage, cost of gas, etc., you can download my spreadsheet.<\/p>\n

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Does the Mach-E have a lower cost of ownership compared to an equivalent gas vehicle like the Ford Edge?\u00a0<\/span>Yes, but that depends on how you look at it. Coming up, I\u2019ll break down the numbers and show you the results for my situation.<\/span><\/span>
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<\/span>For me, the Mach-E is going to be most expensive new car I have bought. The tax credits help, but it will still turn out to be pretty darn expensive.\u00a0<\/span>Over the years, I have seen news articles that indicated that some of the expense of a new EV is offset by reduced maintenance costs and, of course, no gas. It wasn\u2019t until I put in my Mach-E reservation that I more seriously looked into the numbers.<\/span><\/p>\n

In July, Zachary Shahan<\/a>, over at CleanTechnica<\/a> did the first Cost of Ownership comparison<\/a> I have seen for the Mach-E. He did some great analysis of the costs for a Mach-E, Escape, and Edge.<\/span><\/p>\n

Of course, his analysis was for 5 years and was at either 10,000 or 15,000 miles drive per year. I decided to try to come up with my own cost of ownership. You can check out my numbers in detail with this spreadsheet.<\/span><\/p>\n

I took his spreadsheet<\/a> and tweaked it for some scenarios that might reflect my situation a bit more. I usually own my cars for about 10 years. I didn\u2019t quite go for 10 years in my scenario, but I did do 7 years. I normally don\u2019t finance for that long, but with the cost of the Mach-E, I decided to enter that for the loan term.\u00a0<\/span>I also drive quite a bit, so I increased the annual mileage to 17,000 miles.\u00a0<\/span><\/span>In addition, I dropped the Escape from my comparison. It just isn\u2019t a vehicle I would choose.\u00a0<\/span><\/p>\n

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