November’s Best Deals On Plug-In Electric Cars In The US

2 years ago by Mark Kane 31

2016 Chevrolet Volt

2016 Chevrolet Volt

Best Plug-in Car Deals: November 2015 – CarsDirect

Best Plug-in Car Deals: November 2015 – CarsDirect

CarsDirect listed 5 plug-in cars among the best green car lease deals for November 2015.

On the top we see for the very first time the 2016 Chevrolet Volt, which is entering the market in first batch of states, prior to going nationwide (Model Year 2017) at some point in 2016.

Lease deals for new Volt begin from $299 for 39 months ($0 due at signing for non-GM owners) and there are discounts when purchasing too – up to $2,000 in cash allowance money has been available at the beginning of this month as part of Chevy’s “Black Friday – all month long” promotion, although the deal is listed as good through the month’s end, it’s offering publically on the website has been intermittent.

Ford C-Max Energi was on the list earlier, but the lease rate went down by $10 to $129 for 24 months instead $139 for 36 months ($30 more dua at signing). Average monthly cost per month over the period is slightly higher than earlier, because the lease term is shorter.

The next three models are all-electric. Chevrolet Spark EV stands at $138 for 39 months, but the major hurdle is availability.

Fiat 500e remains unchanged at $169 for 36 months and $1,999 due at signing.

The last one is the electric Golf, which improved since October. Rate went up to from $199 to $259 over 36 months, but now there is no initial payment ($2,349), so not only less costly in the beginning, but the average cost per month is a few bucks lower.

Source: CarsDirect via Green Car Reports

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31 responses to "November’s Best Deals On Plug-In Electric Cars In The US"

  1. SparkEV says:

    According to this, SparkEV 2LT (top of the line model 🙂 ) is 0 down, $99/mo. for 39 month lease. With $2500 CA rebate, total for 3.25 years is $3900-$2500=$1400. If one gets $4000 rebate, car would be free. Hmm. I don’t know about that. Something seems fishy.

    http://www.dublinchevrolet.com/Specials

    By the way, I got there through this very useful link.

    http://ev-vin.blogspot.com/2014/04/current-36-month-lease-offers-for.html

    1. Pushmi-Pullyu says:

      In 2015, GM has sold an average of only 315 per month of the Spark EV. Last year, the average was less than 100 per month. Obviously GM is not interested in making or selling them in significant numbers. So unless you’re one of the lucky few, the price is irrelevant.

      Hopefully GM is serious about making and selling the Bolt, but only time will tell.

      1. SparkEV says:

        One reason for not selling SparkEV more widely in US while still selling in Mexico and Canada could the the federal EV tax credit. After GM sells 200,000 cars, the tax credit sunset. Each SparkEV sold in US is potentially “$7500 fee” for Bolt.

        They already used up over half with Volt, and SparkEV could’ve easily used up all if they sold it nationwide from the beginning.

    2. Josh says:

      I don’t speak lease-ese, but it sounds like there may be a catch. In the unreadable (unless fully zoomed in) print below the deal.

      “39 Month lease 7275 due at lease inception which includes zero security deposit, plus tax&lic. 0 customer cash down and 7275 CCR. Buyer responsible for drive off fees and tax, lic. Lees responsible for at lease end for milage in excess of 10000 miles per year at 20 cents per mile. One at this lease.”

      The 7275 sounds fishy. Should there have been a “$” with that number. Maybe someone who know lease terms better than I can chime in.

      There is only 1 at this deal, so better hurry if you want a (nearly) free car. Hell of a deal.

      1. Josh says:

        *”Lesee responsible…”

        Sorry typo, couldn’t copy paste the damn thing.

      2. SparkEV says:

        Scrolling downto ev-vin’s blog comments, it seems the dealer wanted $1600 for tax, fees, etc. That’s still a great deal; $3000 for 39mo = $77/mo, cheaper than many (most?) cell phone plans!

        With $4000 CA rebate would result in $1500/39mo = $38.50/mo, or about $1.25 per day. It’s 25% more expensive than Macdonald’s coffee. 🙁

        Actually, this is same as factory lease that expired recently. It’s still a great deal if you live near by.

    3. MarkN says:

      When you lease a car, the leasing company gets all the rebates, not you. So the rebate savings is already rolled into the lease price.

      1. SparkEV says:

        Not true in case of SparkEV. Federal tax credit goes to leasing company ($7500) and sort of reflected in residual but CA rebate goes to leasee ($2500 or $4000). That’s how I pay $77/mo for my SparkEV lease.

    4. tom911 says:

      How does one get a $4000 rebate in CA. Isn’t it a max of $2500?

      1. M Grimm says:

        Can confirm it’s $2,500 if you lease the car for at least 30 months. The dealership that leases it gets the $7,500 federal credit.

    5. M Grimm says:

      I just picked up one from Dublin Chevy this weekend. There is $1,600 is taxes and fees owed, so saying $0 down is a little misleading. But the $2,500 rebate should cover that and then some. The deal (and the car) are legit!

      1. SparkEV says:

        Congrats! Look into DCFC fix if you have issues. I describe it in my blog under

        http://sparkev.blogspot.com/2015/09/solution-problem-with-dc-fast-charge.html

  2. Texas FFE says:

    Three of these cars are only available in compliance states. How can something be a best deal if it can’t be purchased? Compliance cars should have been eliminated from this list.

    1. David Murray says:

      Living in Texas, I feel your pain. But I also recognize that CARB states also have a much bigger market for these kinds of cars. So it sort of makes sense for a low-volume car to only be sold there. Not just for the CARB credits, but also because that is where the core of the customers are that want to buy such a vehicle. It is expensive to get dealers trained and equipped for an unusual vehicle if they are only going to sell a handful per year.

    2. SparkEV says:

      Compliance states comprise of about 14% of US population. It’s small, but significant.

      In case of SparkEV that’s also sold in MD (not counting Korea, Canada, Mexico where it’s also sold), it’s 16%, bit more significant.

  3. Brian says:

    Interesting that two of the five “best deals” are just compliance cars that aren’t available outside of a handful of states – Spark EV and 500e. So why would Chevy / Fiat want to limit availability so much that they have to basically give the cars away just to move enough?

    1. Pushmi-Pullyu says:

      From the viewpoint of the auto maker, they’re not “limit[ing] availability”. They are forced by California regulations to make zero-emission cars available for sale, but they minimize the expenses of building these cars — which cost more to make than they can sell them for — by grudgingly producing them, and only in tiny numbers.

      As for the low, low price… well, I can’t figure out the corporate strategy there, but with such low sales numbers, GM obviously isn’t losing significantly more on the overall expense of building the model by knocking a few (or even several) thousand dollars off the price of each one. One thing seems obvious: Such a low sales price guarantees that every one that’s made, gets sold.

      1. Nick says:

        Yep, they only get carb credits for cars registered in CA.

      2. SparkEV says:

        If SparkEV is only for compliance, why did they make them available in Canada for fleet customers and to entire South Korea from the very beginning? Or why would they sell in Canada in 2016 or currently sell in Mexico?

        In Mexico, the selling price is even lower than in CA. Why would GM lose even more money in Mexico, where they don’t get CA ZEV credit, and lose even more money? You’re confusing Fiat500e to SparkEV.

        My latest blog is why “SparkEV, you are NOT a compliance car!” Say it like Maury Povich.

        1. Mister G says:

          SparkEv is not available in Florida, so it’s a compliance car.

          1. SparkEV says:

            By your logic, Tesla isn’t available in North Korea, so it’s a compliance car.

  4. kubel says:

    In my state, the title of this article should be “Best Deal” (singular), seeing as none of the cars on the list, except for the CMAX Energi, are available here. 🙁

  5. Stimpy says:

    Is this website meant for Californians only? I mean, c’mon…

  6. pk says:

    Just for s&g I went to configure the cheapest 2016 volt for lease on gm.ca (i.e. no options on Volt LT)

    for a 3 year lease 20,000 km/yr (needed to get the full $8500 Ontario rebate)
    I got a monthly lease rate of $615. (assumes applying the $8500 as down payment to the lease)

    This includes the 13% HST payable on the leased portion.

  7. Jonathan says:

    The best deals right now IMO are on the Fiat 500e. It is the only lease with a 12,500 mileage limit. The spark only has a 10K limit. That’s an extra 7500mi over a three year period, good for about $750 in gas savings. To me, the 10K leases are all but useless because you’d likely not recoup enough in gas savings. Even 12.5K isn’t worth it. Personally I think the best deal in EVs right now is a 2015 Leaf S w/QC package. With 0% financing, a financing credit of $5K, dealer incentive of $2.5K, CA rebate of anywhere between $4K-2.5K based on income, and a $7500 tax credit, you’re likely gonna pay $16-18K out the door for the car. You can drive it as many miles as you want, and you’d only need to sell it for $9K to equal some of the costs of these leases.

    1. SparkEV says:

      Fiat shows 12K miles, not 12.5K. But even if you assume 12.5K miles, SparkEV at $0.20/mile over would be $500/yr. At 3 years, that’s only $1500. Meanwhile, Fiat needs $2000 at sign + $30/mo more expensive than SparkEV. Overall, SparkEV is $1600 cheaper than Fiat. With $4K CA rebate, Fiat is over twice as expensive as SparkEV.

      Plus, SparkEV is far more useful with DCFC, especiallly in CA.

      But your Leaf S deal is very interesting. If not for crappy DCFC performance of 24kWh, it would be a very attractive offer. It would be far better with SV/SL. You know what they say, once you taste 30kWh Leaf, you can’t even look at 24kWh Leaf.

      1. Jonathan says:

        The $4K rebate is only for people who are <300% of the federal poverty line. For a married couple, that's about $47K/year. I don't know anyone in the bay area who can even afford to live on that money, let alone be able to get a new car, or install a charger. Let's just assume that for most people, we are talking the $2,500 rebate, but I do see your point for the Spark vs. Fiat. I guess the difference would be that you'd have to fork out $1500 at lease end.

        Trust me, as an owner of a 2015 Leaf, I'm very tempted by the 30kwh car. The problem is that it costs about $1700 more than the 2015 S w/QC, and you won't find a dealer that will give you an added $2500 dealer incentive, so you wind up paying over $4K more for it. I'm not sure that make it more convincing than a 24kwh 2015 S? That $4K more may pay for a new battery pack in 4-5 years?

        1. SparkEV says:

          I live in CA, and I try to have per person budget at $1200/mo. That’s $14K/yr per person, $28K/yr per couple. It’s tough, but doable. Health insurance is a killer (pun intended). I may qualify for $4K rebate next year, but I already got $2.5K. 🙁

          For Leaf, I meant the time savings from DCFC compared to 24kWh. 30kWh charges like SparkEV, 38kW to 90%. But 24kWh drops like a rock, 18kW or less to 90%. And 30kWh at 90% would get you farther than 24kWh at 90%, saving your even more time.

          🙂

  8. Anon says:

    For BEVs I sooooo wish they’d stop listing MPGe as one of the few most critical specs, and list range instead. I look at those and wonder: What’s the most range I can get for the cheapest?” and the graphic wastes space listing MPGe instead. Sigh.

    1. SparkEV says:

      Far more important than range is DCFC capability. I’d take 80 miles range EV with DCFC than 200 miles range EV without one. Without DCFC it is only limited to battery range + 20 miles per hour whereas SparkEV DCFC can drive 1000 miles a day.

      1. Brian says:

        That’s only true if you are lucky enough to live in one of the very few areas that actually have DCQCs. I couldn’t care less about how quickly an EV can charge at this point – autonomous range is the king of specs in 2015.