Chevrolet Spark EV

Chevrolet Spark EV

Kelley Blue Book recently released its list of the 10 best lease, financing and cash back deals for new cars available in August.

Chevrolet Spark EV maintains its strong place, ranked third with an extraordinary lease deal at $0 due at signing and $138 a month for 39 months.

That's $5,382 for using a brand new car for over three years. And as Kelley Blue Book notes, Chevrolet Spark EV is using 100% less gas than the regular version, so the savings could be significant.

MSRP with destination charge is $25,995 ($18,495 after tax credit), although KBB states $23,598 as a fair purchase price.

Note: "The Kelley Blue Book® Fair Purchase Price (FPP) is updated weekly to show shoppers what others have been paying for this car recently.  FPP data in chart was sourced from KBB.com on August 7, 2015. Tax, title, license extra."

We don't know what Chevrolet will do with all the leased Sparks after 39 months, but for consumers this is an attractive value proposition and probably only tight supplies of Spark EVs produced in Korea (and availability limited to select markets) prevent sales from reaching higher levels. In April, Spark EV sales peaked at 920.

There is currently almost no inventory of the Spark EVs; we have spoken to GM about the situation and the 2016s are coming, but as they have to make the long trek from South Korea they have been held up a bit with customs and shipping.   Look for the inventory depth (and sales) to rebound in September.

Chevrolet Spark EV sales in the US – July 2015

Chevrolet Spark EV sales in the US – July 2015