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Print 57 comment(s) - last by Apone.. on May 28 at 2:03 PM

Chevrolet Spark pricing gets official

Chevrolet has offered up the official pricing on its Spark EV -- the little vehicle will carry an MSRP of $27,495. Even though the outright purchase price for the Spark is $27,495, people who qualify for the $7,500 federal tax credit will be able to get that purchase price down to $19,995.
 
People interested in the Spark EV that live in certain areas of California could also qualify for up to an additional $2,500 off purchase price.
 
Chevrolet is also offering a very attractive lease option for the small electric vehicle that most people will probably choose. The lease option is for 36 months at $199 per month. That lease price puts the monthly out-of-pocket cost for the Spark on par with the Nissan Leaf and the Fiat 500e. The Spark lease does require a $999 down payment, which doesn't include tax, title, registration and other dealer fees.

The EPA estimates that the driving range for the vehicle on a full charge will be 82 miles. The vehicle also uses a SAE combo charger able to recharge the battery to 80% in only 20 min.

A regular, gasoline-engined Spark has an MSRP of $12,185 and get EPA estimated 32/38 mpg (city/highway).

"The Chevrolet Spark EV is the most efficient – and now one of the most affordable - EVs you can buy" said Chris Perry, vice president, Chevrolet Marketing. "Combined with outstanding infotainment and great design, the fun-to-drive Spark EV is engineered to impress."
 
The Spark EV will be offered through select Chevrolet dealers in California and Oregon beginning in June of 2013.

Source: Autoblog Green



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The price is right- too bad it looks so horrible.
By 91TTZ on 5/23/2013 10:09:44 AM , Rating: 0
The price isn't bad at all, but even at that price I wouldn't consider buying one. It just looks awkward.

Why do automakers assume people want small cars that are so awkwardly tall? Even larger cars like the Cobalt, Cruze, and Neon were a lot shorter. These things are like small minivans.

In another thread someone tried to claim that they have to be tall to fit the batteries, but this isn't the case at all. This car is merely the electric version of the Daewoo Matiz, which is a gas car and is equally tall. Previous versions of the Matiz weren't electric but they were tall as well.

Spark:

http://www.chevrolet.com/content/dam/Chevrolet/nor...

Matiz:

http://upload.wikimedia.org/wikipedia/commons/2/24...





By GulWestfale on 5/23/2013 10:19:59 AM , Rating: 4
well they're tall because people still have to fit inside them, and that isn't possible with a short, low car. so you sit more upright in a short car. i remember a designer once said that it was difficult to design a small car that didn't look awkward, but i think the toyota yaris hatch actually looks good.


By The0ne on 5/23/2013 10:29:11 AM , Rating: 5
Driving a rental Yaris now. I am very surprised at how it handles and feels. This is the basic model. It's gotten me interested enough to take a day test driving similar vehicles. I have to say the Sonic and Rio, with packages, aren't bad at all. But then for the packages you're looking over 20k+, which enters into the more luxurious vehicles.

Still, was surprised. :)


By Spuke on 5/23/2013 10:29:33 AM , Rating: 4
They got the price down and you guys are STILL complaining. LOL! You're NOT going to get a cheap EV that looks like an Aston Martin. They HAVE to use an existing car to keep that price point otherwise you'll be paying for a Tesla S.


By Cheesew1z69 on 5/23/2013 10:31:21 AM , Rating: 3
I'd buy one, if it really gets 84 miles to a charge, that's close to 2 days driving to and from work for me. :o


By Apone on 5/23/2013 1:03:50 PM , Rating: 2
I think the Chevy Spark EV might be a bit much considering it's aimed at the younger, post-college working professional, who is just starting their financial life. Sure $19,995 sounds like a price point but perhaps this particular demographic might prefer a $14-$17k gas vehicle that can hit (or almost hit) 40+ MPG as an alternative until they can swing a higher monthly car payment. Oh, and that $199 lease payment is a disaster waiting to happen as I encountered so many lease owners who "swore" they would keep the miles in check but went way over when I worked part time at a Nissan dealership back in college.


By Mint on 5/24/2013 2:00:42 PM , Rating: 2
quote:
perhaps this particular demographic might prefer a $14-$17k gas vehicle that can hit (or almost hit) 40+ MPG as an alternative until they can swing a higher monthly car payment.
When you add in gas costs, you're not going to be paying less per month for a $14k gas car.

A 30 MPG combined gas car will need $130 to go 1000 miles a month, while the Spark EV will need about $30. You're not going to be able to lease a $14k car for $99/month, and even if you finance it over 5 years you'll still pay less per month with the EV.
quote:
Oh, and that $199 lease payment is a disaster waiting to happen as I encountered so many lease owners who "swore" they would keep the miles in check but went way over
It's pretty hard to drive more than expected in an EV, IMO, because you're not going to take it on unexpected road trips.

Besides, $0.25/mile for overage really isn't that bad. You're paying $0.23/mile anyway if you drive exactly 12,000 miles/yr.


By Apone on 5/28/2013 2:03:17 PM , Rating: 2
quote:
A 30 MPG combined gas car will need $130 to go 1000 miles a month, while the Spark EV will need about $30. You're not going to be able to lease a $14k car for $99/month, and even if you finance it over 5 years you'll still pay less per month with the EV.


But isn't that how they get you? Sure gas would be $30 but assuming you don't lease @ $199/month, what would be the monthly car payment for $27,495? I crunched $491.49 per month (5yr loan @ 2.79% APR);

I'm not counting the $7500 federal tax credit as I'm still confused if that's an actual cash refund to you or just a $7500 credit during tax season (Even then, would it be $7500-taxes you owe = cash refund?)?

quote:
It's pretty hard to drive more than expected in an EV, IMO, because you're not going to take it on unexpected road trips.


That makes sense, but I have a few friends who own super-fuel efficient vehicles and they get adventurous planning distance drives between LA, San Diego, Vegas, etc. since the constraint of spending excessively on gas is greatly reduced with a fuel-efficient vehicle.


By JediJeb on 5/25/2013 4:55:29 PM , Rating: 2
It may be the least expensive right now but it still isn't cheap. Considering the base gas model is $12K and the EV model is $27K that is still $15K for batteries and electric motor.

Also if I remember how that tax credit works, most people who this should be targeted for would probably not get the full amount. I believe that $7500 tax credit reduced your tax liability by that much, but thinking about it I made nearly $50k this year and only had a tax liability of about $5k so if I purchased one I would not get the full $7500 back. You also can't just walk into the dealership with $20k an buy one, you have to pay the actual full price at time of purchase, that has to be taken into consideration as that is what the loan you would get is going to have to cover.


By 91TTZ on 5/23/2013 1:42:50 PM , Rating: 2
quote:
well they're tall because people still have to fit inside them, and that isn't possible with a short, low car


People seem to fit inside Neons and Minis just fine. This car isn't actually all that small. If you saw it next to an older Civic or Corolla you'd see that it's larger in almost every dimension. I think this tall, awkward look is just a fad.


By 91TTZ on 5/23/2013 3:06:22 PM , Rating: 2
quote:
well they're tall because people still have to fit inside them, and that isn't possible with a short, low car. so you sit more upright in a short car.


Here's another small car for comparison so you can see what I mean:

Mini:
Length: 143.1 inches
Height: 56.2 inches
Spark:
Length 143.3 inches
Height: 61.1 inches

So the Spark is actually a little longer than the Mini, but it is substantially taller.


By lagomorpha on 5/23/2013 3:17:25 PM , Rating: 2
quote:
i remember a designer once said that it was difficult to design a small car that didn't look awkward, but i think the toyota yaris hatch actually looks good.


It's not that the Yaris doesn't look awkward. It's that it looks a little awkward in the same way that a baby penguin looks a little awkward. It's the sort of awkwardness that is also cute.


By UsernameX on 5/23/2013 10:32:12 AM , Rating: 2
It's not a sexy car but it's passable, and this would cover my work commute completely, unlike the volt.


By Dr of crap on 5/23/2013 12:42:30 PM , Rating: 2
Yep asked this in a previous post - why do these small cars have to be tall and narrow. Remember the Civics of a few years back? They were wide and they were not so tall.

I guess with the expanding waist bands of the car buyers, no one could fit in a low to the ground, wide small car!!
But making them wider would help for better handling and lower to the ground would help in the looks of these FUGLY small cars.


By BillyBatson on 5/23/2013 3:23:32 PM , Rating: 1
I agree that the car is absolutely ugly! It looks worse than a Toyota Yaris and a Ford Fiesta.
I am going to go 1 further and say that is it also WAY over priced even with the tax credits and is an outright rip-off at the full retail price.
Are spark sales even doing well that they had to add this ridiculous option?


By Mint on 5/24/2013 2:33:41 PM , Rating: 2
quote:
I am going to go 1 further and say that is it also WAY over priced even with the tax credits
And you would be dead wrong.


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