This $0/Month Fiat 500e Lease Provide Is Principally Free If You Do not Rely Taxes [Update]

Typically we get fortunate on this world when offers that appear too good to be true are literally simply good offers. That – I’m pretty sure – is strictly what we’ve acquired occurring at Larry H. Miller Chrysler Dodge Ram Fiat of Denver. As we come to the tip of the yr, this dealership is providing an nearly unbelievable deal on a Fiat 500e lease. There are simply two catches, from what I can inform: You’ve acquired to be a Colorado resident and also you’ve acquired to be OK with driving one of many lesser electrical autos on sale right this moment. If each of these issues sound fantastic to you, then this may be the deal of the century.

Larry H. Miller Fiat is providing a model new 2024 500e for $0 down and $0 per 30 days for 27 months at 10,000 miles a yr. From what I can inform, the one factor you’ll must pay for through the lifetime of this lease is the gross sales tax, which the vendor says comes out to $1,297.68 and a $395 disposition payment on the finish of the lease. That’s $62.69 a month if I did my math accurately.

That’s an outrageous cut price for a brand-new automobile. Hell, even if you wish to purchase it out on the finish of 27 months, the acquisition worth is just going to be $17,388. All in, you possibly can personal a 500e, which at the moment begins at $34,095 together with vacation spot), for proper round $20,000. It’s mighty tempting.

I’ve tried to determine what the catch is right here, and I actually can’t. You simply must stay in Colorado. Nonetheless, there are some unknowns. It’s arduous to say what number of 500es this truly applies to at the dealership. For all we all know, it might simply be one automobile sitting behind the lot. I attempted to determine it out, and I referred to as the dealerships thrice, however I by no means acquired a solution. I additionally reached out to Stellantis for some info, however I didn’t get a response there both. I don’t know what that’s about, however it’s a Friday, so I can’t blame them for not wanting to speak on the telephone with somebody who isn’t shopping for their automobile.

People in Colorado get all the good offers, man. Final month, we reported that this identical vendor was promoting a 500e lease for $0 down and $19/month. That’s fairly rattling good, however not in the identical stratosphere as nearly no cash for over two years. We additionally talked about a Nissan vendor in Aurora that was providing an identical deal on new Nissan Leafs, however I’d a lot quite have the Fiat for that kind of cash. Possibly it’s time for us to all transfer out west.

The 500e, at its full worth, is admittedly not a compelling automobile to purchase with its 141 miles of vary and lackluster 117 horsepower and 162 lb-ft of torque. Nonetheless, while you make it mainly free, it’s arduous to argue that it isn’t among the finest automobiles on sale right this moment from a worth perspective.

When you’re in Colorado, give Larry H. Miller a name. Possibly they’ll decide up for you.

Up to date Thursday, December 19, 2024, at 11:05 a.m. EST: We reached out to Fiat about this lease deal and ones which can be much like it, and a consultant for the model had this to say:

We admire that sure state governments, resembling Colorado’s, apply tax incentives for electrical autos. These state incentives, together with accessible federal tax incentives for EVs, plus the Fiat 500e’s robust residual worth, enable sellers to make use of non-traditional techniques when leasing/promoting new EVs. Very like the FIAT model, Fiat sellers discover inventive methods to seize buyer consideration.