https://transportevolved.com/2015/03/18/crazy-82-75-per-month-californian-lease-deal-on-fiat-500e-spikes-interest-in-italian-electric-car/ Crazy $82.75 per Month Californian Lease Deal on Fiat 500e Spikes Interest in Italian Electric Car March 18, 2015 By Nikki Gordon-Bloomfield
[images https://d290b3p3ki7y5s.cloudfront.net/wp-content/uploads/2015/01/A-long-line-of-Fiat500Es-in-California.jpg Live in California? There’s a crazy deal right now on a new Fiat 500e… https://d290b3p3ki7y5s.cloudfront.net/wp-content/uploads/2014/05/fiat-500e.jpg Fiat’s latest lease deal for Californian customers means you could have a Fiat 500e for just $82.75 per month, with no deposit ] For those with an eye for a bargain, it’s possible today to grab some pretty good deals on a brand-new electric car. In the past few months, we’ve seen lease deals as low as $125 per month for 36 months for a 2015 Smart ForTwo Electric drive with $800 down and 10,000 miles per year, or a whopping $13,000 off MRSRP for a brand-new 2015 Nissan LEAF SL. But neither come close to a deal being offered in California right now, where those with an eye for a bargain have found themselves paying just $83 a month for three years on a brand-new Fiat 500e electric car, with $1,000 down after incentives. As our friends over at GreenCarReports detail, the deal was discovered by a small group of motorsports enthusiasts who quickly shared the too-good-to-miss deal and helped account for more than 100 of the tiny plug-in cars to fly off dealer lots over the weekend. Enter Joe Nuxoll, a freelance photographer and racing instructor, who discovered the deal at his local Fiat dealer. Part of a time-limited offer from Fiat Chrysler Automobiles, his dealer was offering $2,100 off the $32,000 MSRP of the four-seat electric car for lease customers, bringing the downpayment on a an $82.75 per month, three-year lease deal to $11,000. Further discounts came courtesy of the standard $7,500 Federal tax credit, and the $2,500 California state purchase rebate. While those buying outright have to apply for the Federal tax credit at the end of the year when calculating their Federal tax bill, those leasing a car have the rebate directly applied to their downpayment by the lease company, which applies for the rebate on the lessee’s behalf. The California state purchase rebate — something that takes a few weeks to arrive in the mail after purchase — only leaves the applicant out of pocket for a short period of time. Apply both those credits, and the net total that Nuxoll and 100+ other lucky customers had to pay was just $1,000. For those already leasing a car from another, non-Fiat Chrysler dealer, a further $1,000 was offered as a deal-sweetener, further reducing lease payments for a lucky few, meaning some customers actually found themselves paying no downpayment at all and getting brand-new Fiat 500e for three years for $82.75 a month. It’s no surprise then that news of the deal quickly spread among Nuxoll’s friends and acquaintances in the motorsport world. So quickly in fact that over 100 other people snapped up the deal, something we think must be the largest migration to plug-in vehicles of petrolheads in quite some time. A compliance car — one sold exclusively to satisfy zero emission mandates in states like California — the Fiat 500e hasn’t sold in huge numbers since it launched in April 2013. Capable of an EPA-approved 87 miles of range per charge of its 24-kilowatt-hour lithium-ion battery pack, the Fiat 500e gives a sporty, enthusiastic drive that’s on par or better than main other mainstream plug-in vehicles on the market today. Indeed, its perky performance courtesy of an 82 kilowatt electric motor and better weight distribution means the Fiat 500e performs more like a high-end Fiat 500 Abarth than the entry-level city car which shares its features. Despite that however, the Fiat 500e hasn’t felt much in the way of love from Fiat Chrysler CEO Sergio Marchionne. A vocal opponent of plug-in vehicles, Marchionne once famously told customers not to buy the Fiat 500e as it would lose the company about $14,000 each time one was sold. “I will sell the (minimum) of what I need to sell and not one more,” he said less than a year ago of the Fiat 500e, adding “if we just built those vehicles, we’ll be back asking…in Washington for a second bailout because we’ll be be bankrupt.” Now, either because Fiat Chrysler’s board has had a change of heart or its Fiat 500e sales figures aren’t quite high enough to meet the required California ZEV mandate figures, it appears the Italian automaker is happy to lose a little more money in the short term in order to get vehicles off dealer lots. It also seems to have extended that $2,100 money-off program for Californian customers, meaning those who are quick can still take advantage of this unbelievable offer. [© transportevolved.com] http://ecomento.com/2015/03/19/fiat-500e-feeding-frenzy-california/ FIAT 500e feeding frenzy in California March 19, 2015 [image / Flickr | Jack Snell - USA http://cdn.ecomento.com/wp-content/uploads/2015/03/Fiat-500e-price.jpg ] You remember the FIAT 500e, don’t you? That’s the car FIAT chairman Sergio Marchionne begged people not to buy last year, saying it wasn’t a very good car. It is currently offered for sale only in California, where FIAT needs an electric car to comply with that state’s zero emissions mandate. Perhaps you have heard of Joe Nuxoll, a well known photo journalist and passionate Spec Miata racer. Joe has also campaigned a Tesla Roadster in racing events these past few years. He heard from fellow Drive Club member Kit Wetzler that FIAT has added a special $2100 discount on the 500e for a limited time. Joe and his friends figured out that they could lease a brand new electric 500 for just $82.75 a month for 36 months with no money down. How is that possible? Here’s how it works. The lease down payment is $11,000 but the car is eligible for the full $7500 federal tax credit, which the leasing company is happy to apply to the down payment. That brings the money up front to $3,500. Then the state of California kicks in another $2500 incentive, bringing that number down to $1,000. On top of all that, FIAT throws in an extra $1,000 bonus for anyone who is currently leasing a Chrysler product (but not a FIAT). The result? A monthly lease of only $82.75 with zero out of pocket. Thanks to the power of social media – and the fact that Joe Nuxoll has a lot of friends – more than 100 FIAT 500e vehicles have been leased from California dealers in the last 10 days. FIAT will not divulge actual sales numbers for the 500e (think “dismal”) but it’s likely those 100 cars are more than the total number of 500e’s delivered in California since the car first went on sale. Meanwhile, back at FIAT headquarters, an alert account executive took notice of the flood of new leases and extended the special $2100 rebate offer until further notice. So now you too can drive a brand new FIAT 500e for less than $100 a month with little or no money down. There are two kickers, however. One, you have to live in California. Two, the lease is limited to 10,000 miles a year. Who says it’s about the car and not the money? It’s always about the money! Make the price low enough and buyers will flock to your door no matter what you’re selling. [© ecomento.com] ... http://electric-vehicle-discussion-list.413529.n4.nabble.com/template/NamlServlet.jtp?macro=search_page&node=413529&query=subject%3Aevln+subject%3A500e+NOT+subject%3Are&days=0&sort=date Read more 500e EVLN items on evdl For EVLN posts use: http://evdl.org/evln/ http://electric-vehicle-discussion-list.413529.n4.nabble.com/template/NamlServlet.jtp?macro=search_page&node=413529&query=subject%3Aevln+NOT+subject%3Are&days=0&sort=date https://transportevolved.com/2015/03/17/nissan-keeps-blade-glider-electric-sports-car-production-plans-on-ice-despite-original-plans-for-2017-production/ Nissan BladeGlider Sports EV not planned for Production http://cleantechnica.com/2015/03/16/40-cut-uk-oil-imports-evs/ 40% Cut In UK Oil Imports From EVs http://www.news1130.com/2015/03/16/bcs-scrap-it-program-offering-3000-rebate-to-trade-in-for-a-new-electric-car/ BC.ca ’s ‘Scrap-It’ program offering $3k trade-in rebate for new EV You must be able to prove you’ve owned and insured the trade-in for six months http://www.heraldsun.com.au/leader/west/free-electric-car-charging-station-installed-at-the-point-cook-town-centre/story-fngnvmj7-1227261534621 Free EVSE installed at the Point Cook Town Centre Melbourne.au http://resources1.news.com.au/images/2015/03/13/1227261/534569-07b9d73a-c5f9-11e4-8d4b-fc1ca07a90de.jpg + EVLN: Rural UK taxi company switched to Nissan eNV200 EV and saved$ (v) {brucedp.150m.com} -- View this message in context: http://electric-vehicle-discussion-list.413529.n4.nabble.com/EVLN-82-75-mo-Fiat-500e-EV-CA-Lease-Deal-Spikes-Interest-tp4674426.html Sent from the Electric Vehicle Discussion List mailing list archive at Nabble.com. _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub http://lists.evdl.org/listinfo.cgi/ev-evdl.org For EV drag racing discussion, please use NEDRA (http://groups.yahoo.com/group/NEDRA)
