Best Plug-In Electric Car Deals For May

MAY 14 2015 BY MARK KANE 10

Best Green Car Deals: May 2015 - CarsDirect

Best Green Car Deals: May 2015 – CarsDirect

CarsDirect included five plug-in cars on its list of Best Green Car Deals For May 2015.

For sure one of the best offer is on the 2015 Chevrolet Volt, which will be replaced by 2016 version later this year. Volt qualifies for $7,500 federal tax credit and $1,500 California Clean Air Rebate & HOV Lane Access.

“Chevy keeps improving the lease on the Volt. A big redesign is due later this year and the automaker is hoping to move remaining stock of the current generation. The monthly payment is now $249, a $50 drop compared with early last month. Most impressive is a low $500 due at signing to get your lease started. There is currently no better deal on a plug-in hybrid. Note this offer is valid in the following states: CA, CT, MA, MD, ME, NJ, NY, OR, RI and VT.”

Then we have four all-electric models, which all qualify for the $7,500 federal tax credit and $2,500 California Clean Air Rebate & HOV Lane Access.

2015 Chevrolet Spark EV already showed great performances in California and Oregon, which is the best proof that the current offer works.

“Although the Spark EV is only sold in California and Oregon to meet state emission mandates, it’s also the best deal on an EV. Thanks to a price cut and substantial discounts, you can lease one from $139 per month with zero due at signing. No, that’s not a typo. The 82-mile driving range is slightly lower than competitors, but you also get a car with 119 MPGe, making it one of the most efficient cars available. The FIAT was our previous top pick, but the lease payment was hiked to $169 and it requires thousands in upfront costs.”

Then we have the 2014 Mercedes-Benz B ED, which could be leased beginning at $0 due at signing.

“It might not be the greenest option but the B Electric is one of the few luxury EVs with a $0 due at signing option. While most of the Mercedes-Benz lineup has shifted to 2015 models, the latest B Electric has been slow to arrive. You could lease a 2015 model but you’d also be paying $124 more per month. Most shoppers don’t know the B Electric is powered by a Tesla battery that makes it one of the best-ranking EVs in terms of driving range with 87 miles.”

2015 FIAT 500e has a relatively attractive $169 lease, although not as attractive as earlier.

“The FIAT 500e is no longer the best value when it comes to EV leases. A payment hike of $30 for May is unfortunate news for shoppers who were attracted by the $139 lease that has been advertised for months. However, it still ranks as a top pick thanks to $7,500 in lease discounts. A driving range of 87 miles is remarkably good compared with similar cars. Note that the 500e is offered only in California and Oregon so that Fiat-Chrysler can meet zero-emissions mandates.”

2015 Volkswagen e-Golf, at $229 for 36 months and $2,349 due at signing is the fifth recommended value proposition.

“The e-Golf has higher upfront and monthly costs compared with other EVs but it continues to be a lease value. A staggering $11,750 in unadvertised lease discounts brings the payment to $229 per month on the Limited Edition. Not sold? Consider that the e-Golf is based on the award-winning Golf and has more passenger and cargo volume than the Spark EV and FIAT 500e. An 83-mile driving range is lower than competitors but 116 MPGe means you’re getting one of the most efficient cars available. Note that availability is limited to select dealers. Known regions include: CA, CT, DC, MA, MD, ME, NJ, NY, OR, RI, and VT.”

If you are interested in leasing, CarsDirect offers a custom lease quote too.

Source: CarsDirect via Green Car Reports

Categories: Deals


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10 Comments on "Best Plug-In Electric Car Deals For May"

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A Silicon Valley VW dealer has advertised deals for the e-Golf LE at $159/mo and the SEL for $217/mo. They have 10 LE and 37 SEL on hand. The down payments required are less than the CA rebate, before tax/title/license.

But the rebate goes to the owner, right? That’s the company that leases to you, and is a big reason the leases are so cheap.

This is a great idea, I think we (note the Royal we) should have a list of the top 5 best EV deals mid month no point in keeping these things quiet.

It’s kind of annoying that only 1 of the vehicles on this list are even available in my state.

That really is a nasty detail. If a car is sold in, say, half the states in the US, but covering 75% of the population, then you can semi-reasonably say it’s a “US available car”. But many electric cars today are VERY limited in their availability, which leads to a lot of people being very frustrated. In my case, I’m looking for things to compare to a new Leaf to replace my current one that might come off lease soon.

And that reminds me: I got a call from NMAC a couple of weeks ago, telling me that if I wanted to extend my lease for another 6 months (I had recently extended it for 6, to end in late Sept. 2015), they would pick up the monthly payment for two of the months. Yet another sign that Nissan is aware of the need to stretch out those Leaf returns and avoid magnifying the misperception that “used EVs don’t sell”.

Local Chevy dealership wants $1,000 down and $179 a month for a spark EV. Was told that these are tax, title, license and paperwork fees. When they advertise zero down, good luck finding a dealership who will give it to you at the advertised pricing.

Keep in mind that sometimes the driveoff fee includes the first month’s payment also.

I’m willing to bet you could have had them split that over the 36 month period and it would have added $28 a month to your payment. That’s still not a bad payment, not bad at all. Especially considering no gas bill to go with it.

The Real Deal from those who drive these cars:
The Volt will be great, a nice new interior.
The Fiat is fun to drive, but has been very problematic but improving.
A friend actually returned his brand new Mercedes B-class E due to underperformance and may other issues – bought the new BMW i3 instead
No details available on the Spark or VW.

I wonder what CarsDirect means by “best deal”. It doesn’t seem to mean least expensive, from what I’ve seen. Am I missing something?

The current BMW i3 lease deal is cheaper than the 2014 Mercedes B-Class deal. So is Kia’s deal for their Soul EV.

Also, the current factory lease deals for a Focus Electric, LEAF S, and Smart ED are all less than the e-Golf deal.

Here’s my data, updated monthly for factory lease deals and weekly for any dealer lease offers I can find: