The $0-a-Month Fiat 500e Lease Deal Is Real, But There’s a Catch

Electrical autos aren’t promoting in addition to automakers had hoped. Curiosity appears to be waning, and the expansion fee is slowing, forcing sellers to supply some spectacular incentives to maneuver the product. The Larry H. Miller Chrysler Dodge Ram Fiat dealership in Aurora, Colorado, is one such outfit, providing the 2024 Fiat 500e for $0 down and $0 a month for 27 months.

Whereas the commercial says $0 a month, the lease isn’t fully free. The wonderful print spells out the true value. Lessees will nonetheless have to pay taxes and costs totaling $1,693—$1,297.68 in estimated taxes and a $350 disposition payment. That comes out to only $62.69 a month, with state and federal incentives and rebates overlaying the precise upfront prices of the lease that go to the supplier. The feds have $7,500 to supply, whereas Colorado provides one other $5,000 to the pot to carry prices down.

In a sea of latest EVs, the 500e is odd. It has a 42-kilowatt-hour battery providing as much as 149 miles of vary on a single cost, with its front-mounted single motor offering propulsion. It’s additionally not low cost in the event you resolve to buy outright, with a beginning value of $34,095 (together with the $1,595 vacation spot cost) earlier than any incentives. The hatchback’s small dimension and restricted vary make it excellent for city driving, but additionally limits its viewers.

Fiat has been struggling to promote the EV since its launch, most just lately having to pause manufacturing at its Mirafiori, Italy, manufacturing unit the place it builds the 500e. The pause began on the finish of final month, and the automaker seems to have prolonged the shutdown one other two weeks till January 20, in response to a new Reuters report.

The lease deal ends December 31, and it’s solely out there to Colorado residents. Lessees can have the choice to buy the EV for $17,388 as soon as the lease expires.