2013 Smart Fortwo Electric Drive Lease Price Slashed


  • 2013 Smart Fortwo Electric Drive

    2013 Smart Fortwo Electric Drive

    The lease price of the 2013 Smart Fortwo Electric Drive has been cut by 30 percent. | August 07, 2013

Just the Facts:
  • The lease price of the 2013 Smart Fortwo Electric Drive has been cut to $139 a month, a 30 percent discount from the previous monthly lease rate of $199.
  • Smart is also offering its U.S. dealers $2,000 per car in "marketing assistance," which the dealers may or may not choose to pass along to the customer.
  • This latest move by Smart is part of an ongoing electric vehicle price war in the U.S.

ANN ARBOR, Michigan — The lease price of the 2013 Smart Fortwo Electric Drive has been cut to $139 a month, a 30 percent discount from the previous monthly lease rate of $199.

The lease price reduction was revealed in a presentation during a media drive of the Fortwo Electric Drive here. The lease deal applies to a 36-month lease with $1,999 down.

Smart is also offering its U.S. dealers $2,000 per car in "marketing assistance," which the dealers may or may not choose to pass along to the customer.

The 2013 Smart Fortwo Electric Drive starts at $25,750, including a $750 destination charge. A federal tax credit of up to $7,500 can further reduce the price of the car.

Smart has not announced 2014 pricing. The Smart Fortwo Electric Drive currently is sold in 28 dealerships in 10 states, including California. A nationwide rollout is planned for 2014.

This latest move by Smart is part of an ongoing electric vehicle price war in the U.S. General Motors cut the price of the 2014 Chevrolet Volt by $5,000 on Tuesday. The 2014 Chevrolet Volt starts at $34,995, including an $810 destination charge. However, the monthly lease price of the Volt has increased from $269 to $299.

A month ago, Ford cut the price of the 2014 Ford Focus Electric by $4,000 to $35,995, including a $795 destination charge. The 2013 Nissan Leaf got a $6,400 price cut in January. The 2013 Leaf starts at $29,650, including an $850 destination charge.

Edmunds says: The electric vehicle price cuts are aimed at enticing consumers to enter this sluggish segment.

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