At $25,000, the new 2013 Smart ForTwo Electric Drive was always a good deal, but the low new lease price we just found still manages to surprise. Mentioned over at Kelley Blue Book, the lease price is an official $139 a month, putting it well below the previous-gen's lease price of $599 a month back in 2010. Currently, a gas-powered Fortwo can be leased starting at $99 a month.

Details on the electric lease are sparse. The official site is next-to-useless on offering actual information like down payment or mileage limits, but it does at least confirm the $139 price. The last we knew, the Fortwo ED was $199 a month. We also don't know whether the $139 price includes the battery lease or not. The popular battery lease is usually an extra $80/month, so we suspect it doesn't. This isn't the first time a new EV could be had for $139 a month, but these prices don't usually stick around for long.

In April, we said the Fiat 500e was an incredible deal because of its $199/month lease price. The problem with all that is that the car is apparently impossible to find at that price. Right now, the Smart Fortwo ED is not available nationwide, but we're curious to hear if anyone has been lucky enough to snag one for $139 a month. Last month, Smart sold or leased just 58 electric cars in the US.


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    • 1 Second Ago
  • 26 Comments
      Jesse Gurr
      • 1 Year Ago
      It is a little crappy that you have to find the fine print for the fine print. A lot of websites are doing this same thing now.
      Spec
      • 1 Year Ago
      The EV PRICE WAR rages on! They had to slash the price of the Smart ED. Would would buy the 2-seater Smart ED for $25 when you can buy the peppy little Spark EV that the critics love for only $27K before tax-credits?
      Koenigsegg
      • 1 Year Ago
      $1,000 smart loyalty discount and $500 test drive coupon
      Spec
      • 1 Year Ago
      That would be quite the bargain. But Dan would say it is still too expensive.
      Marshal G
      • 1 Year Ago
      You can also lease without battery assurance, pay roughly the same for the lease, but then the cost to buy at lease end is only $6,695. This might be a great deal for somebody in the mild weather of the PNW since battery degradation would be less of an issue.
        DaveMart
        • 1 Year Ago
        @Marshal G
        'electric drive without Battery Assurance PlusSM Available only to qualified customers through Mercedes-Benz Financial Services at participating dealers through September 3, 2013. Not everyone will qualify. Advertised 36 months lease payment based on MSRP of $25,750 less the suggested dealer contribution resulting in a total gross capitalized cost of $25,750. Dealer contribution may vary and could affect your actual lease payment. Includes Destination Charge. Excludes title, taxes, registration, license fees, insurance, dealer prep and additional options. Total monthly payments equal $13,320. Cash due at signing includes $1,999 capitalized cost reduction, $295 acquisition fee and first month's lease payment of $370. No security deposit required. Total payments equal $15,614. At lease end, lessee pays for any amounts due under the lease, any official fees and taxes related to the scheduled termination, excess wear and use plus $0.25/mile over 30,000 miles, and $395 vehicle turn-in fee. Purchase option at lease end for $6,695 plus taxes (and any other fees and charges due under the applicable lease agreement) in example shown. Subject to credit approval. Specific vehicles are subject to availability and may have to be ordered. See participating dealer for details. Please always wear your seat belt, drive safely and obey speed limits.' So it is much more expensive than the lease plus battery lease, which comes out to $139 +$80 = $219 pm As against $370 pm for the lease battery included. All of those figures are dependent on the dealers not deciding to rip off the customers as the Fiat ones do. On the plus side, I doubt that this actively cooled battery will have the same longevity issues even in places with relatively high temperatures as Nissan have with their passively cooled Leaf. I still would not buy or even lease a BEV in somewhere like Arizona, but outside of the hottest regions would be pretty comfortable owning this battery pack even without the guarantee.
      SublimeKnight
      • 1 Year Ago
      I guess you could say that sales of the ForTwo ED have been flaccid. I hear internally this lease off is called project Cialis.
        Anderlan
        • 1 Year Ago
        @SublimeKnight
        Given the post-incentive price of the vehicle, this is in line with the gas version's lease price. Not offering it this low would have intentional self-sabotage IMNSHO.
        Spec
        • 1 Year Ago
        @SublimeKnight
        Yeah, going with 'ED' name was a really bad idea. I would think that it didn't poll well. ;-)
          SublimeKnight
          • 1 Year Ago
          @Spec
          Coming up with a name like ED isn't hard
          Spec
          • 1 Year Ago
          @Spec
          It must have been a real dick that came up with that name. I suspect approval has softened.
      DaveMart
      • 1 Year Ago
      The Smart site is pretty uninformative, and I have no idea if there is a deposit. However, it seems relatively clear that, to quote, the $139/mo is 'with battery assurance plus' Going to the linked pdf on this scheme, it runs at $80/mo, and: 'battery assurance plus provides you guaranteed battery capacity of 41.6 Ah up to 10 years. plus annual battery maintenance, or every 12,500 miles, whichever comes first, and battery-related repairs, if defective (should it ever be necessary), are covered, up to 10 years.'
        Phos
        • 1 Year Ago
        @DaveMart
        $80/month * 12 months * 10 years = $9600 for replacement battery. (plus annual battery matainance and incidental repairs.) What is the original pack size? They are not usually given in Amp-hours.
        DaveMart
        • 1 Year Ago
        @DaveMart
        Phos: The nominal kwh of the pack is not going to change with use! So they specify the amp hours for the guarantee: 'Smart expects most of its customers to choose the rental arrangement, as it comes with the added benefit of a 10-year guarantee. This means the firm will guarantee the lithium-ion battery pack will maintain 80 per cent of its performance for at least 10 years.' http://www.autoexpress.co.uk/smart/fortwo/35680/smart-fortwo-ev-details The pack is 17kwh actually.
        Phos
        • 1 Year Ago
        @DaveMart
        17.6-kilowatt hour / Voltage = X Ahr. Anyone know what voltage the ED runs at?
          DaveMart
          • 1 Year Ago
          @Phos
          'In its place is an electric motor and a 300- to 370-volt lithium ion battery (Smart is coy about the exact voltage) that replaces the tank. It sits beneath the car protected by a substantial steel plate.' http://www.driving.ca/research-car/roadtest/First+drive+Smart+fortwo+electric/2352712/story.html
      Koenigsegg
      • 1 Year Ago
      mine is coming this week cant wait!
        Spec
        • 1 Year Ago
        @Koenigsegg
        Congrats! Did you get the Cabrio or the normal one?
      Jesse Gurr
      • 1 Year Ago
      There are some more details on the website and i found this little snippet. Just like with Fiat.. " Dealer contribution may vary and could affect your actual lease payment"
        CoolWaters
        • 1 Year Ago
        @Jesse Gurr
        Why is this legal?
        ABG Sebastian
        • 1 Year Ago
        @Jesse Gurr
        Thanks for this. Good work. When I clicked the [1], I just got a form to fill out that asked for my details for a dealer to contact me.
      Jesse Gurr
      • 1 Year Ago
      There are tons of details but you have to go to the bottom of the page and click on "legal terms". It is all under "[1]" complete with down payment and everything.
        Jesse Gurr
        • 1 Year Ago
        @Jesse Gurr
        10,000 mi/yr lease. " Cash due at signing includes $1,999 capitalized cost reduction, $295 acquisition fee and first month's lease payment of $370. No security deposit required."
        DaveMart
        • 1 Year Ago
        @Jesse Gurr
        Good digging! In full: 'electric drive coupe with Battery Assurance Plus Available only to qualified customers through Mercedes-Benz Financial Services at participating dealers through September 3, 2013. Not everyone will qualify. Advertised 36 months lease payment based on MSRP of $20,740 less the suggested dealer contribution resulting in a total gross capitalized cost of $20,740. Dealer contribution may vary and could affect your actual lease payment. Includes Destination Charge. Excludes title, taxes, registration, license fees, insurance, dealer prep and additional options. Total monthly payments equal $5,004. Cash due at signing includes $1,999 capitalized cost reduction, $295 acquisition fee and first month's lease payment of $59, and the one-month battery assurance plus vehicle lease payment of $80 plus tax. No security deposit required. Total payments equal $7,298. At lease end, lessee pays for any amounts due under the lease, any official fees and taxes related to the scheduled termination, excess wear and use plus $0.25/mile over 30,000 miles, and $395 vehicle turn-in fee. Purchase option at lease end for $12,892 plus taxes (and any other fees and charges due under the applicable lease agreement) in example shown. Battery Assurance Plus, the smart electric drive battery is rented separately on a month-to-month basis for $80 plus tax per month. Initial battery lease term is one month. The maximum number of month-to-month renewal months is 119. Subject to credit approval. Specific vehicles are subject to availability and may have to be ordered. See participating dealer for details. Please always wear your seat belt, drive safely and obey speed limits.'
      Spec
      • 1 Year Ago
      Benz needs ZEV credits and doesn't want to pay Tesla for them.
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