Now you can lease a Fiat 500e for zero down and 0 {dollars} a month earlier than taxes – or, properly, no less than some clients can.
Longtime EV drivers will bear in mind a time when Fiat was leasing its 500e for loopy low costs.
On the time, Fiat’s CEO, Sergio Marchionne, was one of many loudest advocates towards EVs – however a part of his advocacy was as a result of he additionally ran one of many highest-emitting automobile firms, which meant it needed to spend billions of {dollars} to make up the penalties for its noncompliance with air pollution legal guidelines.
Certainly one of Fiat’s strategies to attempt to get into compliance was to promote as many cute, tiny, electrical Fiat 500es as potential in California and Oregon, the one states it was obtainable in on the time. And it did so by providing loopy lease costs, as little as round $69/mo. Many purchasers snatched one up, whilst a “spare” automobile, as a result of the lease price far lower than the quantity they’d save in gas from leaving their gasser at residence extra usually.
The previous model of the 500e went the way in which of the dodo for the US market in 2019, however then Fiat resurrected the automobile and began promoting the “New 500e” within the US this 12 months, and it’s obtainable in additional states too.
And now, these instances of loopy lease costs appear to be again, however this time it’s in Colorado, and the lease is even cheaper.
Fiat 500e for $0/mo, $0 down (+tax) in Denver
One dealership in Colorado, Larry H. Miller Chrysler/Dodge/Ram/FIAT Denver, is now providing a 27-month lease for $0/month and $0 down, making the automobile principally free… properly, earlier than taxes. Together with taxes, you’ll should pay a $1,297.68 down cost, however the $0/month price carries via the entire lease time period from there. On the finish of the lease, you’re accountable for a $395 disposition price, making the full price just below $1,700 for the 27 month lease. That’s below $63/month, on common.
The dealership is ready to supply this low value resulting from authorities incentives, that are wonderful within the state of Colorado. Not solely does the automobile profit from the $7,500 federal tax credit score, however Colorado additionally has a state credit score of $5,000 (and we’re fairly certain Fiat is giving dealerships a bit of further push to get these on the market too – in spite of everything, Colorado additionally has strict clear air legal guidelines that Fiat must get some further credit score for). These credit are retained by the supplier, and used to decrease the lease value.
This all means a automobile with a $32.5k base value can have just about your complete price of the lease coated by incentives, apart from taxes. Fiat calculates the residual worth of the automobile will probably be $17,388.45 on the finish of the lease time period, at which level clients can buy it for that quantity in the event that they like.
There’s nonetheless restricted mileage of 10,000 miles per 12 months, after which you pay .30/mile. However the 500e remains to be very a lot centered on being a metropolis automobile, with its small measurement, 42kWh battery, and round 140-150 miles of vary. So for drivers who need a right-sized automobile to get round city as an alternative of a ridiculous land yacht, it may very well be fairly choice.
As a driver who used to have a ~100mi vary Mini E, this was lots to get round Southern California (and I may discover parking wherever) – and I didn’t even have 85kW DC charging functionality just like the 500e does. So when you’ve got a protracted commute that maxes out that vary, you would possibly run afoul of the ten,000-mile limitation, however for those who’re utilizing it for a shorter commute and operating round city you ought to be fantastic.
In case you occur to be close to Denver, you may discover the deal right here on Larry H. Miller’s web site. However for those who aren’t in Colorado and nonetheless need a Fiat 500e, be happy to use our hyperlink to succeed in out to native sellers in your space to discover a 2024 Fiat 500e. We think about this received’t be the one loopy lease deal on them on the market – however it’s actually the craziest we’ve seen.
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