Group Buy Of Fiat 500e Electric Cars Ignites 'Feeding Frenzy,' 100-Plus Bought - Green Car Reports
Suppose you could get a new electric car for $83 a month--and its running costs per mile were only a fraction of what a gasoline car would in fuel. Indeed, the allure of such a deal added to the viral nature of the Internet led to sales of roughly 100 Fiat 500e electric cars in California over the last week alone via group buys among the members of two different racing-oriented communities. We first learned of the "feeding frenzy" to lease the little Fiat 500e from Joe Nuxoll, a freelance photographer, racing instructor, and contributor to High Gear Media. As of last Thursday, he's driving a new charcoal grey 2015 Fiat 500e for a total lease payment of $82. 75 a month for 36 months. The deal was made possible by generous discounts on the subcompact Fiat 500e electric car. The Fiat 500e is eligible for a Federal income-tax credit of $7,500, which the leasing company applied directly to the down payment. That left $3,500, which will be offset by a $2,500 purchase rebate from the state of California--which Nuxoll and other buyers will get in the form of a check in the mail several weeks after they apply for it. In other words, Nuxoll gets to drive... Even more remarkable, buyers who could show that they were currently leasing a car from a non-Fiat Chrysler brand received an additional $1,000 incentive. Source: www.greencarreports.com
