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

Generally 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 received occurring at Larry H. Miller Chrysler Dodge Ram Fiat of Denver. As we come to the top 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 received to be a Colorado resident and also you’ve received to be OK with driving one of many lesser electrical autos on sale right now. If each of these issues sound tremendous to you, then this could be the deal of the century.

Larry H. Miller Fiat is providing a model new 2024 500e for $0 down and $0 per thirty days for 27 months at 10,000 miles a yr. From what I can inform, the one factor you’ll must pay for throughout the lifetime of this lease is the gross sales tax, which the seller 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 appropriately.

That’s an outrageous discount for a brand-new automobile. Hell, even if you wish to purchase it out on the finish of 27 months, the acquisition worth is barely going to be $17,388. All in, you possibly can personal a 500e, which at present 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 reside in Colorado. Nevertheless, there are some unknowns. It’s onerous to say what number of 500es this really applies to at the dealership. For all we all know, it may simply be one automobile sitting behind the lot. I attempted to determine it out, and I referred to as the dealerships 3 times, however I by no means received 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 the entire good offers, man. Final month, we reported that this similar seller 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 seller in Aurora that was providing the same deal on new Nissan Leafs, however I’d a lot moderately have the Fiat for that kind of cash. Perhaps it’s time for us to all transfer out west.

The 500e, at its full worth, is actually not a compelling automobile to purchase with its 141 miles of vary and lackluster 117 horsepower and 162 lb-ft of torque. Nevertheless, once you make it mainly free, it’s onerous to argue that it isn’t the most effective automobiles on sale right now from a price perspective.

For those who’re in Colorado, give Larry H. Miller a name. Perhaps they’ll choose 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 might be much like it, and a consultant for the model had this to say:

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