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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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By GlobleWarmingisbunk on 5/23/2013 3:02:09 PM , Rating: 1
Most people don't understand a tax credit is not going to change the price of the car. You will still pay $27,495 for the car. What happens is, if you pay the $27,490 the government lets you pay $7500 less in taxes for that year.




By Dorkyman on 5/23/2013 5:00:00 PM , Rating: 2
Okay, so what's your point? That the price differential is delayed by six months?


By Spuke on 5/23/2013 5:33:42 PM , Rating: 2
quote:
Okay, so what's your point? That the price differential is delayed by six months?
There are a lot people that still think this is a cash rebate.


By GlobleWarmingisbunk on 5/24/2013 4:26:47 AM , Rating: 1
quote:
Okay, so what's your point? That the price differential is delayed by six months?


You are still paying interest on 27,490 and the tax credit will not lower your monthly payment.

If you think that you will get it as a refund, I have some bad news. If you owe $40,000 for that year in taxes, all the tax credit does is make you owe $32,500 in taxes. You never see the $7500 and any savings are negligible.


RE: $7500 tax credit does not mean a $19,995 car.
By BRB29 on 5/24/2013 7:41:35 AM , Rating: 2
Umm...almost everyone pays taxes before they even see their paycheck. Very few professions require you to pay taxes after you receive your paycheck.

I don't get your dumb post anyways. If you have to pay 40k in taxes and only pay 32.5k then you will see 7.5k left over in your bank account. It's real money lol. You're just spewing nonsense.


By Cheesew1z69 on 5/24/2013 7:48:37 AM , Rating: 2
quote:
Umm...almost everyone pays taxes before they even see their paycheck. Very few professions require you to pay taxes after you receive your paycheck.
What in the hell are you talking about, he isn't talking about your PAYCHECK, he is talking YEARLY tax time. DERP!


By maugrimtr on 5/24/2013 10:54:20 AM , Rating: 2
quote:
You never see the $7500 and any savings are negligible.


You mean the €7,500 I got off the tax bill? It doesn't appear negligible. You must be rolling in cash to describe it as such. May I suggest a calculator to ensure you understand reality?


By GlobleWarmingisbunk on 5/24/2013 3:32:07 PM , Rating: 2
First of all I am talking US Dollars not euros. The US Tax Code is written to shaft the people at every turn; Don't know a bout the EU's. Second I used the $40,000 as an example since it is 40% of $100,000 I know people that make a lot less and still pay 40% in taxes. The way the tax code is written the government will make it so most will never see the $7500. Trust the government to shaft you.

Also, their are people that do get their paycheck then have to pay taxes. I the US it is called 1099 income and those people know how F**** up the tax code really is.(They have to write a check to the IRS every year.) Most of those people own small businesses.

In the end all I am trying to say is don't count on a tax rebate, and the government will shaft you.



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