California Only - 36 Month LEASE Fiat 500e (Electric Car) for $0 down - $199 a month + $2500 California Rebate
Thread DetailsLast Edited by widgit June 13, 2014 at 06:12 PM
I have been looking for a car to drive around since my current lease is expiring. The truck I want comes out in a few years and did not want to purchase a car until then.
The fiat 500e has a lease deal going on for $1000 down $199 a month for 36 months plus TTL . California will give you a check back for $2500 if you lease this car for at least 36 months. The car is an all electric car with a range of about 80 miles just like the nissan leaf. I told myself I would go take a look at it and ended up leasing the car.
I get there and test drive the thing. Quicker than I thought it would be! Not a great fan of the exterior but no full electric car looks good (except tesla). I figured ill go ahead and just get it because its almost a FREE CAR for me. Normally I negotiate insanely and hold out weeks before purchasing cars. Last night, I just did not feel like it nor did I care to due to the low price of this car. Good deal or not, Im not 100% sure. Here is what happened:
Instead of title and registration, the dealer waived those and included that into the first $1000 payment. First month car payment was also included. I upgraded the car to 12,000 miles instead of 10,000. I also purchased the $20 extra a month protection package which will cover all damages when returned back up to $7500 (probably not necessary but I just went with it). It turned out to be $245 out the door every month.
$1000 due at signing (includes: title, registration, and first months payment)
$245 x 35 Months (includes: tax, optional 12,000 miles, optional lease trade in coverage)
Total $9575 after TTL
Final price $9575
Subtract $2500 California rebate
Total $7,075 for 36 months.
The car comes with the sticker to drive in carpool lanes. It also comes with 36 free enterprise car rental days!
That is $196 (less if you dont want that coverage package and less miles) a month for an all electric vehicle. I also have solar panels and produce extra power every month. The gas I will be saving per month is why I consider this an almost free car for myself. You could probably have this car for $150 every month if you do not get the extra mileage and coverage that I did.
BTW this comes with a pretty cool mobile phone app that give you instant access to your car information. You can also lock, unlock, turn on ac remotely, location of car, and more.
ONE MORE THING Dont forget there are no maintenance costs on this vehicle. No oil changes!
You can use this PG&E PEV calculator to estimate the cost of charging your Electric Vehicle. http://www.pge.com/cgi-bin/pevcalculator/PEV
I am an electric car owner (Chevy Volt) and here are the facts:
Many salesman quote costs based on a 10cents / Kw of electricity. While this is true in SOME areas of the country, it is NOT true where electric cars are typically sold, namely California. My co-worker has a huge sticker shock on her electricity bill, after her first month of owning an electric car, $300/month increase in electricity bill!
In Southern California , our electricity rates are tiered (SDGE as in example below)
Tier 4 = 40 cents / kwh roughly the same cost as $4 a gallon of gas. (as the gas price increase, likely electricity rates will increase also)
Tier 3 = 38 cents / kwh
Tier 2 = 19 cents / kwh
Tier 1 = 16 cents / kwh
The more electricity you use, the more you will pay on those last few watts. It is completely DISHONEST for these car companies to quote 10 cents / kwh costs in markets where 40 cents is the reality. Trust me, there is no way you would be in Tier 1 or Tier 2 if you own an electric car. So do yourself a favor and calculate your costs based on realistic marginal costs of electricity (the additional cost beyond your current consumption). Otherwise, you are just doing "Tesla Math".
Switch to a TOU plan to combat the high cost of Tiered charging.
1-year of free Sirius radio included
Credits towards a gas car for longer trips included
FIAT 500e Pass: The Program allows 500e owners and lessees to receive up to 12 days of a standard-size vehicle rental (based on negotiated discount Program prices) during each year for the first three years of ownership/lease from Enterprise Holdings, Inc., whose affiliates operate the Enterprise Rent-A-Car, Alamo Rent A Car and National Car Rental brands in the U.S. All 500e owners and lessees registered in this program can use up to 504 credits annually based on the date of purchase. Credit estimates are based on standard-size vehicle rentals at nonairport locations. The fi rst annual period may be less than a full year and runs from the date of enrollment to the fi rst anniversary of the purchase/lease. One credit is equal to one U.S. dollar. Credits are nontransferable, and remaining credits at the end of each year will not be rolled over. Participation in the program is voluntary.
Here is a CA EPA website about how you can receive up to $10K in incentives buying electric vehicles in CA: http://www.energycente
Here is another tip. Do some research on it because it works for a few people. Some dealerships will do it, some won't. A lot of dealers won't want to do it but you have to push hard for it.
Chrysler had this promo incentive called "Competitive Conquest" Actually, a lot of companies like GM and Ford also do this.
If you are leasing or own another vehicle, Chrysler will give you a $1,000 incentive as a "conquest" customer. This is how I did mine last year. I don't know if the secret incentive is still going on. Go to edmunds.com and look up current incentives and print it out. Thats what I did at the last minute of the negotiations. You simply give them your registration or proof of ownership of a non Chrysler vehicle. Most dealers will say it doesn't apply to the Abarth or 500E but I didn't see it anywhere in the documentation.
Apply the conquest toward your down. I used mine toward the sun-roof option.
Thats my tip for the day, don't inbox me for details. Google, research and look up message boards, you will find it. Go to edmunds.
There is a $395 fee when you return the car to the dealership after the 36 months. I'm not sure why no one mentions this...