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Thread: Would you lease a new 2017 500e right now?

  1. #1
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    Would you lease a new 2017 500e right now?

    There are some still around. Is this a wise decision considering they are discontinued?

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    Senior Member Dirty Blond's Avatar
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    Not discontinued. Lots of 2018's out there too...
    -Dirty Blond
    (Filthy really)

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    Well I did just lease a new 2017 500e a few weeks ago, when I turned in my 2015 at end of lease. There are now no new 2017 500e left in the SF Bay Area and only a small number available elsewhere in California. I was told that the 2018 Fiat 500 (all models) should start arriving in dealers around the end of this month, and it will include the 500e. Fiat USA had a dismal 2017 (all the dealer closures are no suprise), and I speculate that they had delayed 2018 production because there was too much unsold inventory on dealer lots.

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    If there ever is a 2018 I don't think you would see any significant change between it and a 2017. As long as the lease is cheap go for it.

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    Quote Originally Posted by Ricksuiter View Post
    If there ever is a 2018 I don't think you would see any significant change between it and a 2017. As long as the lease is cheap go for it.
    The 2018 was officially announced: http://media.fcanorthamerica.com/new...id=18829&mid=1. My dealer said they are expected to start arriving in the next few weeks.

    There is no change to the 2018 500e electric drivetrain or battery. The 500e is only receiving the same minor updates as the gas 2018 Fiat 500. It will have a backup camera, which is required by law anyway for all new cars in the US starting later this year.

    New leases will not be cheap compared to the past. My dealer told me that the 2018 500e will be produced in lower numbers. There is relatively high demand (people like these cars!) but the supply will be limited. If rumors are true, they stopped manufacturing new 500e battery packs and wiring harnesses last year, and they are building cars from their parts inventory.

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    Member compu_85's Avatar
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    Even if the car had been discontinued for 2018, I'd have no qualms leasing a 2017 if the price was right. It's under warranty after all...

    -J
    2013 500e, 2014 ELR, 2018 Model 3.

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    Quote Originally Posted by rkw View Post
    The 2018 was officially announced: http://media.fcanorthamerica.com/new...id=18829&mid=1.
    Well, that keeps parts available for a bit longer then!

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    Senior Member Dirty Blond's Avatar
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    Im aware of the comments fiats ceo has made about loosing money on the 500e, but considering the relatively simple design itself, I dont see how Fiat could loose 14k on each one. If Mercedes, BMW, Cheveolet and Tesla can all make larger and longer range cars for about the same price and be competitive, then I call BS on his claim.

    Most car companies are looking at EV's as the future, and Fiat seems to be struggling to realize the direction things are going. I think a new captain steering the ship may be in order. I dont see an upside to killing the 500e at any point.

    While I have my eye on a future Tesla or Mercedes EV, having a vehicle with a 100 mile range has a definite place in most households, and killing that model at any point, is just shooting themselves in the foot. Again, I think the claim of loosing money is garbage and simply shows the short sighted thinking of Fiats executive level.
    -Dirty Blond
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    I think there are a few possible explanations. First, the Fiat CEO said that about 4 years ago. At the moment, battery prices are much lower. So it's possible that they lose less money on the Fiat 500e now, or maybe even make a small profit. Battery prices are down from $599/kWh in 2013 to $273/kWh in 2016 (https://data.bloomberglp.com/bnef/si...and-market.pdf) and are probably even lower in 2017 and 2018. So even with the small 24 kWh battery in the Fiat 500e, this makes a huge difference.

    Second, I'm not sure how the lease construction works in the USA (it seems different than what we have here in the Netherlands), but it seems possible to lease the car for $199/month (and sometimes I see even lower prices)? I'm not sure if they maybe own the lease company that's leasing the cars to the customers. If that's the case, a 3 year lease makes them $7164. Then there's $2500 EV incentive if I recall correctly, in California. Here in the Netherlands this usually goes to the lease company, because they are the owner of the car (customer still benefits from this, because their lease will be lower). So let's say Fiat gets the $2500 as well. After the 3 year lease the car will be sold on an auction for maybe $8000. So that's $7164 + $2500 + $8000 = $17,664. Which is about $16,000 less than the MSRP of the car. If my calculation is correct, they are actually losing money on the car.

    Anyway, it's a pity that they don't put more effort in EV's. I became huge EV fan thanks to Tesla and bought a from California imported 500e about 5 months ago. Both cars are really awesome.

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