If you thought that ultra-cheap electric car leases were over, we have some good news. It’s not exactly the cheapest lease we’ve ever seen, but it has to come close. And it certainly gives you more car than anything else that even touches this price.
The Dodge Charger Daytona EV isn’t exactly winning over buyers, but this sale at a dealer in Elk Grove, California might change that in a hurry. Elk Grove Dodge is currently offering buyers a brand-new Charger EV for just $49.99 per month.
Back To School With A 13-Second Ride?
It’s part of what the dealer is calling a back-to-school sale. The offers include 20% off some Jeep models, some big cash and interest rate incentives on almost everything it sells, and this sub-$50 lease deal on the Charger Daytona.
Of course, you need to jump through all kinds of hoops if you want to qualify for it, and that includes five different rebate incentives. Nearly all buyers will qualify for the $7,500 as part of the federal EV tax credit, but the rest makes it more complicated. That’s partly because the dealer’s website doesn’t make it clear how to get the deal. The fine print isn’t there.
The dealer’s site does mention a $5,000 dealer discount, and that there are first responder and military discounts available. Carscoops says that you need to have a current lease to get $1,000 lease bonus cash, and for an extra $4,000 incentive, you need to live in the Stellantis western business area, wherever that is. There’s also a $2,000 Stellantis friends and family discount, though you need to work for the automaker or know someone who does to get it. And you better have spotless credit.
But wait. There’s more.
A Redditor reached out to the dealer and got the rest of the details. The term is 24 months, which is pretty standard, but it’s an ultra-low-mileage lease limited to just 5,000 miles per year. And the big tamale – you’ll need a $5,000 down payment in addition to every incentive, and you’ll also have to pay $2,300 in “fees.” So when all is said and done, even if you get every single incentive, the effective lease price is still well over $49.99 a month. But, with everything averaged out over two years, it’s still a cheap way to get into a 496-horsepower EV that can run a 13.1-second quarter mile.
The dealer only had two Charger Daytonas left when we checked. It’s certainly a tempting offer, even if all the incentives aren’t available to buyers. But it’s not the only catchy lease deal for electric Chargers that we’ve seen.
Gas Engines And Four Doors Could Be The Real Solution To Charger Sales
As of July 1, Dodge had sold only 4,299 units of the Charger Daytona EV. That’s a far cry from the last gas Charger, which was selling around 80,000 units per year until it was discontinued.
To compensate, Dodge has been pulling forward the gas models of the new Charger. The Charger Sixpack will arrive at Dodge dealers before the end of this year, with 420- and 550-horsepower versions of the 3.0-liter Hurricane I6 available. The four-door version of the Charger Daytona is also beginning to arrive at dealers, with the four-door EV also likely to help boost sales.
Then there’s the return of the Hemi. Dodge won’t admit that the V8 is coming back to the Charger, but it seems all but inevitable. Especially after Dodge boss Matt McAleer recently said that the new Charger’s platform could hold a Hellcat supercharged V8. That’s a big change from 2024, when Jalopnik reported a Dodge engineer said it wouldn’t fit without a lot of work. Stay tuned for more.
H/T: Carscoops