Chevrolet Prices Spark EV at $27,495 Before $7,500 Tax Credit
May 23, 2013 9:08 AM
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Chevrolet Spark pricing gets official
Chevrolet has offered up the official pricing on its
-- 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
. 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.
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RE: This must be a joke
5/26/2013 10:10:32 AM
Your 60,000 figure is incorrect. That was many years ago for regular hybrids. 200k is the correct figure, and it'll take some time to hit that (though the Volt eats into that figure as well for GM).
As for financing, just make sure the loan doesn't have a penalty for extra payment, so when you get the $7500 rebate, it becomes equivalent to financing a $20k car.
If your credit doesn't allow that, or if you don't earn enough to benefit from the full tax credit, then leasing is probably a better option. The discount applies to everyone in that case.
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