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This Electric Car Might Have The Cheapest Lease In America

Mar. 06, 2017 8:49 AM ET by Jared Rosenholtz Pricing / 6 Comments People on a budget may want to consider going electric. Auto enthusiasts often like to shun people who lease their cars because doing any modifications is against the lease agreement. However, there are many "normal" people who just want the least expensive monthly car payment and leasing is a great way to have a low monthly expense (and a new car). For people on a budget, we think we may have found one of the least expensive modes of transport that can be leased today. The Fiat 500e might not be our favorite EV, but discounts have made it possibly the cheapest lease in America. The 500e can now be leased for as little as $69 per month for a 36-month lease with no money down. The 500e is the car that Fiat was basically "forced" to build because of government regulations, and it kind of showed when we drove it. Fiat Chrysler CEO Sergio Marchionne even told consumers not to buy it because the company lost $14,000 on each one it sold. It seems like Fiat would lose even more money on this lease deal, but perhaps the company is just trying to get the car off of dealer lots. Automotive News reports that FCA did not have a role in the lease deal, which is being offered by the company's lending partner, Chrysler Capital. So how is Chrysler Capital able to lease these cars for so little? The 500e has an MSRP of $33,295, but there are lots of incentives to take advantage of. The incentives can even add up to 130 percent of the average transaction price, which was just $11,129 in February. These cars seem to be plummeting in value, and the dealers leasing them claim they will be worth $19,997 at the end of the lease. This may be optimistic because we have seen off-lease 500e models as low as around $5,500. The 500e only has an 84-mile range, which pales in comparison to new EVs like the Chevrolet Bolt, but these extreme low-cost lease deals might make it a decent option for people who have a short commute.

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Fiat 500e Jared Rosenholtz Editor-at-Large After graduating with an MBA, Jared pursued his love of cars by becoming an automotive journalist. An internship with CarBuzz grew into his current position as Editor At Large. Jared now spends most of his time evaluating new vehicles and chasing the latest news stories in the automotive industry. When he’s not attending Cars & Coffee events on the weekend, Jared loves to watch NFL football and cruise around with the top down in his German convertible. Contact Jared @Carsnbites @jar_rosenholtz LoginSign Up Home News Features Car Reviews Car Advice 2021 CarBuzz Awards New Cars Used Cars Future Cars Compare Cars Sell My Car Car Dealerships Buy Here Pay Here Used Car Reviews Popular Tags Cars # Video # TOP # Spy Shots # Reveal # Rumor # Auto Show # Supercar # Tuning # Car Culture # Industry News # Motorsport Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Make Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Car Type SUVs Crossovers Sedans Coupes Trucks Sports Cars Wagons Vans Hatchbacks Convertibles Small Cars Luxury Cars Electric Cars Hybrid Cars Future Cars By Price Up to $15K $15K - $25K $25K - $35K $35K - $45K $45K - $55K $55K - $75K $75K - $100K $100K - $200K $200K - $300K Above $300K Back To Top