Electrical automobiles aren’t promoting in addition to automakers had hoped. Curiosity appears to be waning, and the expansion fee is slowing, forcing sellers to supply some spectacular incentives to maneuver the product. The Larry H. Miller Chrysler Dodge Ram Fiat dealership in Aurora, Colorado, is one such outfit, providing the 2024 Fiat 500e for $0 down and $0 a month for 27 months.

Whereas the commercial says $0 a month, the lease isn’t fully free. The high-quality print spells out the true value. Lessees will nonetheless must pay taxes and charges totaling $1,693—$1,297.68 in estimated taxes and a $350 disposition charge. That comes out to only $62.69 a month, with state and federal incentives and rebates overlaying the precise upfront prices of the lease that go to the vendor. The feds have $7,500 to supply, whereas Colorado provides one other $5,000 to the pot to carry prices down.

In a sea of recent EVs, the 500e is odd. It has a 42-kilowatt-hour battery providing as much as 149 miles of range on a single charge, with its front-mounted single motor offering propulsion. It’s additionally not low cost should you decide to buy outright, with a beginning worth of $34,095 (together with the $1,595 vacation spot cost) earlier than any incentives. The hatchback’s small dimensions and restricted range make it excellent for city driving, but in addition, it limits its viewers.

Fiat has been struggling to promote the EV since its launch, most not too long ago having to pause manufacturing at its Mirafiori, Italy, manufacturing unit the place it builds the 500e. The pause began on the finish of the final month, and the automaker seems to have prolonged the shutdown one other two weeks till January 20, based on a new Reuters report.

The lease deal ends December 31, and it’s solely out there to Colorado residents. Lessees could have the choice to buy the EV for $17,388 as soon as the lease expires.