October’s $199 (Or Less) Lease Deals On Plug-In Electric Vehicles

3 years ago by Eric Loveday 25

Ford C-Max Energi Only $199 Per Month

Ford C-Max Energi Only $199 Per Month

Edmunds assembled a swell lease deal round-up for October.  A few plug-in vehicles made the “October’s $199 Lease Deals” list.

We were alerted to these deals by none other than Chris Paine of “Who Killed the Electric Car” fame.  Paine tweeted:

“Screaming $199 Deals: 2014 Ford C-Max Plugin $199/24 months, 2014 Focus EV $199/36 months, 2014 i-MiEV”

Here’s a rundown of the plug-in deals, as presented by Edmunds:

Ford C-Max Energi — $199 per month/24 months
The C-Max Energi is a true plug-in hybrid for the same monthly cost as an ordinary sedan. But the lease is only 24 months long, it only allows 875 miles per month, and the buy-in at signing is a steep $3,043 for non-lessees. An incentive for holders of current Ford or competitive leases drops the buy-in down to $2,043. This deal is limited to just a few parts of the country, but other deals are also available. Offer ends November 3.

2014 Ford Focus Electric — $199 per month/36 months
The truly excellent Focus Electric — which carries a $36,990 sticker price — is available in certain regions at our lease price point after $3,343 down (for new lessees who don’t currently carry a lease) or just $2,843 (for current Ford or competitive lessees). Not a bad way to get zapped, and the restricted mileage allowance — 875 per month — may work for an electric. Offer ends November 3.

2014 Mitsubishi I-MiEV — $189 per month/36 months
The all-electric I-MiEV is available at $10 under the monthly price point on a three-year lease, but only after a steep $3,388 due at signing. Additional miles beyond 36,000 are 20 cents each. Offer ends November 3.

2014 and 2015 Nissan Leaf S — $199 per month/36 months
Built strictly as an electric car, the Leaf is now available on a low $199 a month lease after $1,999 at signing for a 2014 Leaf and $2,399 at signing for the 2015 model. It’s now possible to drive something righteous for the environment that does a good job of saving bucks, too. Some residency requirements may apply, but a full 36,000 miles is allowed with additional miles priced at 15 cents each. Offer ends November 3.

Focus Electric For $199 Per Month

Focus Electric For $199 Per Month

Hat tip to Chris Paine!!!

Source: Edmunds

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25 responses to "October’s $199 (Or Less) Lease Deals On Plug-In Electric Vehicles"

  1. Big Solar says:

    I thought the Imiev would come in under 150.

    1. EVs for Real says:

      So did I. Who in their right mind would get the iMiev instead of the Leaf, unless you’re looking for a super tiny car for parking in the city (a legitimate reason, I’ll admit)?

      And it looks like the Leaf is ~$1k less than at signing (money that you DO lose since it’s a lease) for a quasi-equivalent car, looks notwithstanding.

      I love Nissan (and I don’t own one). They’re clearly serious about this EV thing; everyone else listed I’m not so sure about.

      1. EVs for Real says:

        Sorry, that was “$1k less than the focus electric..”

        1. Aaron says:

          I’ll bet you can negotiate a better lease on the i-MiEV than that. Or maybe the residual is just that bad.

      2. David Murray says:

        Considering Ford is still #2 for the year in selling Plug-ins (right under Nissan) I’d say they’re pretty serious about it. It just doesn’t often seem that way because their market share is split between 3 models.

        1. Mint says:

          Yeah, but most of those Ford plugins sold have only 20 miles electric range, and who knows how many were probably bought primarily for the HOV sticker.

          I’m thinking that on average, Energi models only do 30-40% of mileage on electricity.

  2. David_cary says:

    So the Leaf is cheaper than the iMiev? Well that is a no brainer.

    1. David Murray says:

      Indeed. And I believe the sales figures reflect that.

    2. See Through says:

      I have seen better deals on Leaf. I got few emails from dealers a month back, on $149/month 36 mo lease.
      Too bad, I already own an EV.

  3. Assaf says:

    Didn’t they forget the Smart ED?

  4. Kosh says:

    The leaf deal (and I suspect the others) is a bit of a loss leader.

    As we found out when we leased ours, that $199 price is based on an S model with the 3.6 kW charger. However, none of the dealers are ordering them like that. They all have 6.6 kW chargers, so the lease is higher. They told me it was more like $279/mo

    I didn’t push to see if you could get them to order a 3.6 for just a lease. Not that we wanted it anyway…. takes too long to charge that way.

    By the time we got done, and the wife wanted an SV, nice stereo, etc, our cost is $339 for 15K miles per year.

    Still saving us a ton of money over a gas car, but not the deal you think it is going in.

    1. mike w says:

      I have never leased but my “understanding” is that the lease price covers the base cost of the car and options would increase the down money or increase the lease cost. So yes a stripper can be had for $199. You will most likely never find one.

  5. Kosh, there are better deals on Leafs available. People just need to do 2 things. Buy over email (after test driving and deciding exactly what you want). In other words, never buy same session. Leave the dealer lot!

    Let me repeat that: leave the dealer lot!

    I went to 33 dealers in San Diego to survey salesperson knowledge, pricing and negotiation techniques.

    Average price drop after leaving the lot: $2,200 (on a 3 year lease)

    They *always* call back and offer a better price.

    1. Assaf says:

      +1.

      And IMHO the best Leaf deals – surely peace-of-mind-wise – are the ones you agree upon in advance over the phone. Then you just go to the dealership to sign them, without giving them the opportunity to overwhelm you with psychological pressure.

  6. Second thing is, do your homework online. There are some dealers who are giving very good deals. Usually they have extra inventory. The have to pay financing (called flooring) after a car sits on the lot for more than 90 days. Look for those deals.

  7. Harold FFE says:

    pointless article. ANY car can be leased for $199 as long as you are willing to put enough money down. The risk of a lease down payment is if the car is totaled and you laid out all that money, you loose it and the car cost you a lot of money for the time you’ve had it. zero down and gap insurance takes care of any losses in a theft or Total out of someone else’s pocket.
    H

    1. Mike I says:

      Agreed. The only reason to put money down on a lease is if it’s not your money. For example, in CA, put down $2,500 on a 3 year lease because you will get the $2,500 in a rebate from the state 60-90 days later. Or, don’t put any money down and just keep the rebate money in your bank and get the first ~10 months “free”.

    2. RedLeafBlueLeaf says:

      I was thinking the same thing. Here’s a new Tesla lease – top of the line 85 KwH with performance package – only $199/month! Fine print: $90k down and $4/mile over 5,000 miles/year.

      Since humans seem addicted to having a single number to evaluate a complex set of variables (see: IQ, baseball WAR, football QBR, politician approval rating, etc.) there should probably be a simple, three-letter acronym for comparing leases in common terms, like TCL (Total Cost of Lease). Count all payments, including exit costs, normalize by length of term and miles allowed, and voila. Even then it won’t work for everyone as people have different mileage demands, but it will at least be close to a valid comparison.

      Even then I think most people will cling to the monthly payment – for some reason most people can comprehend their budget on monthly terms but not over a multi-year period, which I’m sure is why car sellers focus on that number.

  8. Don Diego Sepulveda says:

    Out here in the bounteous land of the compliance car (and God, I love them so), my vehicle of choice, the Fiat 500e can reportedly be had on a 24 month lease for under one hundred smackers a month with a thou or so down. Of course there’s no $2500 CVRP dough, but it’s cheaper than the bus now.

    And you’re not doing this, why?

  9. EVer says:

    Smart ED and Volt have cheaper lease deals

    1. EVer says:

      and look better than all the other cars

  10. I have been offered a Ford Focus Electric for 0 down, $199 month, 12k miles. It had leather. Screaming deal, especially considering the CA rebate would have paid the entire first year payments. If I hadn’t been out of town, I would have taken the deal even though I already drive one (I would have given it to my business parter as a gift, or an employee as a perk).

    Why was it such a good deal? I had a standing offer to the dealer, and they finally got a FFE that went over 90 days. They start paying a few hundred a month at that point. If you’re ready, they really will give it to you at cost.

  11. PM says:

    Does anyone know if $199 includes taxes? Also does the down includes all taxes and fees? Am trying to understand the total cash outflow for the lease duration.