Smart Electric Car Lease Comes with Hefty Price Tag

Company notes that its electric car is still a prototype in development, unlike Nissan LEAF.

Published: 31-Jan-2011

An electric Smart car is on the streets.

Smart USA has delivered the first of 250 Fortwo Electric Drive cars as part of an early-adopter leasing program. The lease rate is $599 a month for a coupe and $649 a month for a cabriolet, not including a security deposit, tax, title, license and dealer fees.

Smart’s lease price factors in a $7,500 federal subsidy for electric vehicles. State or local subsidies might be available to further reduce the cost.

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