Smart EQ Fortwo Lease End

Table Of Contents

Mercedes-Benz Smart Electric Vehicle Offers
The End of Smart Fortwo in the US Market
Smart National Lease and Cash Offers
The Decline of Smart Fortwo in the US Market
FAQ

As the curtain falls on the Smart EQ Fortwo's journey in the US market, a comprehensive look at its lease end options, market challenges, and the transition to new ventures becomes essential. This article delves into the intricacies of lease deals, financing options, and the broader implications of the Smart Fortwo's discontinuation, offering insights into what lies ahead for Smart enthusiasts and electric vehicle aficionados alike.

TLDR

• Overview of lease terms and financing rates for 2018 and 2019 Smart EQ Fortwo models.
• Insight into the reasons behind the Smart Fortwo's discontinuation in the US, including high homologation costs and declining sales.
• Comparison of various lease offers and retail cash offers for MY2016 and MY2017 models.
• Examination of the challenges faced by Smart Fortwo in the US market, including limited range and market decline.

Enhancing the Smart EQ Fortwo's Environmental Footprint

The quest for sustainability in the electric vehicle (EV) sector brings the Smart EQ Fortwo into sharp focus, particularly when juxtaposed with its larger EV counterparts. A pivotal aspect of this comparison lies in the environmental impact and sustainability of their production, battery life, and recycling processes. According to a study highlighted by MDPI, approximately 80% of an EV's environmental burden during its lifecycle is attributed to its battery and operational energy consumption, underscoring the significance of efficient battery use and recycling.

"The limited recycling possibilities for EV batteries underscore the importance of innovative circular economy strategies."

In terms of enhancing the Smart EQ Fortwo's range and efficiency, owners have a plethora of options. Strategies such as adopting eco-driving techniques, including smooth acceleration and maintaining a steady speed, are universally beneficial. However, the Smart EQ Fortwo's diminutive size amplifies the effectiveness of aftermarket modifications like aerodynamic enhancements and efficient tire upgrades. These interventions, as discussed on InsideEVs, can significantly impact the vehicle's range and efficiency, potentially setting a benchmark for larger electric vehicles to follow.

The juxtaposition of the Smart EQ Fortwo with its larger electric brethren offers a unique lens through which to view the broader implications of EV sustainability. By focusing on targeted modifications and driving habits, owners can not only enhance their vehicle's performance but also contribute to a more sustainable future for all electric vehicles.

Mercedes-Benz Smart Electric Vehicle Offers

Lease Deals and Financing Options

Overview of Lease Terms for 2018 and 2019 Models

Looking to wrap up your smart EQ fortwo lease? Let's dive into the lease terms for the 2018 and 2019 models. For the 2018 smart EQ fortwo coupe, you're looking at lease options starting at just $129/month for 36 months, while the 2019 model bumps up slightly to $139/month for the same period, with $1,433 needed upfront. Prefer the cabrio model? The 2018 smart EQ fortwo cabrio can be yours for $189/month over 36 months, and the 2019 version steps up to $199/month. These deals are a steal for anyone wanting to zip around in the latest electric vehicle tech without breaking the bank.

Financing Rates for Certified Pre-Owned Smart Models

If buying is more your style, the Certified Pre-Owned (CPO) smart models come with tempting financing rates. Qualified buyers can snag a 1.9% APR financing rate for up to 60 months on 2013-2016 CPO smart models. That breaks down to just $17.48 per month per $1,000 financed over 60 months. It's a sweet deal for getting into a smart vehicle with payments that won't make you wince.

As your lease winds down, it's worth checking out what dealerships have on offer, from test drives to financing options. Places like Mercedes-Benz of Anchorage and Mercedes-Benz of Pittsburgh are ready to help you slide into your next vehicle with ease. Here's a quick look at what they offer for the smart EQ fortwo models:

Both spots let you test drive the smart EQ fortwo, so you can get a feel for the car before making any decisions. Plus, they lay out all the financing details clearly, so you know exactly what you're getting into, whether you're eyeing the coupe or cabrio versions. These dealerships are all about making your lease-end experience as smooth as peanut butter, offering tailored services to fit your needs.

The End of Smart Fortwo in the US Market

Reasons for Discontinuation

High Homologation Costs and Declining Sales

The Smart EQ Fortwo got the axe in the U.S. and Canadian markets mainly because of two big issues: high homologation costs and declining sales. Homologation costs are all about the money needed to make sure a car fits the regulatory standards of a new market. For a car that doesn't sell a lot, like the Smart EQ Fortwo, these costs just didn't make sense. Adding salt to the wound, sales took a nosedive, plummeting from 1,875 units in 2016 to a mere 264 in 2018, as Drive points out.

Plus, the micro-car scene in the U.S. and Canada has been on the down low, making it tough for tiny, niche cars like the Smart EQ Fortwo to snag a decent customer base. This mix of shrinking interest in micro-cars and the hefty price tag of homologation costs led to the decision to pull the plug on the Smart EQ Fortwo model in these markets by the end of 2019, as The Verge confirms.

This decision mirrors a bigger trend where folks are leaning towards bigger vehicles and the harsh economic reality of pushing low volume models in markets with tough regulatory standards.

Transition to New Ventures

Introduction of Smart #1 and Shift to Joint Venture with Geely

With the Smart EQ Fortwo bowing out, it's time to peek into what's next for Smart car fans. Enter the Smart #1, a game-changer brought to life through a joint venture with Geely. This partnership is all about bringing together Mercedes-Benz's design flair with Geely's engineering chops. The Smart #1, which you can already pre-order, is a big leap from the tiny city cars Smart used to make. Riding on Geely’s SEA platform, it's a good deal bigger at 4.27 meters long and comes with a snazzy electric drive unit (Electrive).

This shift isn't just about going bigger; it's a strategic play to ensure Smart's survival in the electric vehicle era. By teaming up with Geely, Smart is setting itself up for success, kicking off production in a brand-new factory in China from 2022. This pivot to electric, ditching petrol engines from 2020 (Drive), shows Smart is all in on the future of driving.

For those who dug the compact vibe of the EQ Fortwo, the Smart #1 is a fresh start in the electric vehicle world, packed with innovation and powered by a solid partnership between Daimler and Geely.

Smart National Lease and Cash Offers

As your smart EQ fortwo lease wraps up, let's dive into the nitty-gritty of what's next. Whether you're eyeing another lease or thinking about buying, getting a handle on the latest offers is a smart move. Here's a side-by-side look at the lease deals for the smart EQ fortwo coupe and cabrio models to help you weigh your options:

This breakdown shows that the coupe models are easier on the wallet than the cabrios, both in monthly payments and upfront costs. The bump in price from 2018 to 2019 models reflects the newer bells and whistles. So, if you're all about saving some cash, or just gotta have the latest tech, there's a smart EQ fortwo out there with your name on it. Just make sure to chat with your dealer for the final word on pricing and availability.

Retail Cash Offers

What's the Deal for MY2016 and MY2017 Models

As your lease end looms, don't overlook the retail cash offers for MY2016 and MY2017 models. These deals could sway your decision on whether to lease again, buy out your lease, or look at other options. Here's the scoop:

For MY2016, there's a sweet Retail Cash of $1,500 and an Incentive Bonus Cash of $1,750 up for grabs for the smart fortwo coupe, minus the Electric Drive (ED) model. The MY2017 isn't too shabby either, with a Retail Cash offer of $1,000 and Incentive Bonus Cash of $750 for the coupe, ED not included. These deals are only good at participating smart centers and depend on if they've got the car you want. They're a no-go with other offers, and you've gotta seal the deal by November 30, 2017 (source).

Keep in mind, these offers don't apply to leases, special APR finance, or balloon contracts, and they're only for the folks who qualify. If your lease is almost up and you're pondering your next move, these retail cash offers might just tip the scales. But remember, always double-check with your smart center for the latest info and pricing.

The Decline of Smart Fortwo in the US Market

Challenges and Market Response

Limited Range and Market Decline

The Smart EQ Fortwo hit a rough patch in the electric vehicle (EV) scene, mainly because it couldn't go the distance. With an EPA-rated range of just 58 miles (57 for the Cabriolet), it fell short of what most American drivers expected from an EV. This was even more of an issue in cold weather or on the freeway, where the range could drop by up to 25 percent, leaving drivers with little wiggle room for unexpected detours or longer commutes (Green Car Reports).

Sales took a nosedive after Smart switched to an all-electric lineup. From selling 1,875 units in 2016, numbers plummeted to just 264 by 2018. This led to Smart's decision to bow out of the US and Canadian markets by the end of 2019, a move driven by the dwindling micro-car market and the steep costs of keeping a low-volume model afloat (Drive).

Despite these setbacks, the Smart EQ Fortwo had its fans, especially among those who prized its compact size for squeezing into tight parking spots and zipping through city traffic. But the big picture was hard to ignore: limited range and a market shifting towards bigger, more versatile EVs meant the Smart EQ Fortwo's days were numbered.

When it comes to wrapping up your lease with the Smart EQ Fortwo, getting to grips with its specs is key. This little EV shines in the city with its small, efficient battery and quick charging times. Here's a snapshot:

Owners love its practicality for city living but wish it could go a bit further on a single charge. Despite its discontinuation (Electrive), the Smart EQ Fortwo remains a favorite for those looking for an eco-friendly, easy-to-park ride.

FAQ

What were the lease terms for the 2018 and 2019 Smart EQ Fortwo models?
For the 2018 Smart EQ Fortwo coupe, lease options started at $129/month for 36 months, with $1,433 due upfront. The 2019 model had a slight increase to $139/month for the same period. The 2018 cabrio model was available for $189/month over 36 months, and the 2019 version for $199/month.

Can I get financing rates for Certified Pre-Owned Smart models?
Yes, qualified buyers could access a 1.9% APR financing rate for up to 60 months on 2013-2016 CPO Smart models, translating to $17.48 per month per $1,000 financed over 60 months.

Why was the Smart EQ Fortwo discontinued in the US and Canadian markets?
The Smart EQ Fortwo was discontinued mainly due to high homologation costs and declining sales. The model saw a significant drop in sales from 1,875 units in 2016 to just 264 in 2018, alongside a shrinking interest in micro-cars in these markets.

What is the Smart #1, and how does it differ from the Smart EQ Fortwo?
The Smart #1 is a new electric vehicle developed through a joint venture with Geely, marking a significant shift from the compact city cars Smart previously made. It's larger, at 4.27 meters long, and rides on Geely’s SEA platform, offering a fresh start in the electric vehicle world with a focus on innovation and sustainability.

What were the retail cash offers for MY2016 and MY2017 Smart models?
For MY2016, there was a Retail Cash offer of $1,500 and an Incentive Bonus Cash of $1,750 for the Smart Fortwo coupe, excluding the Electric Drive (ED) model. The MY2017 offered a Retail Cash of $1,000 and an Incentive Bonus Cash of $750 for the coupe, also excluding the ED model.

What challenges did the Smart EQ Fortwo face in the electric vehicle market?
The Smart EQ Fortwo struggled with a limited range of just 58 miles (57 for the Cabriolet), which was below the expectations of most American drivers for an EV. This limitation, coupled with a market shift towards bigger, more versatile EVs, contributed to its decline in sales and eventual discontinuation.

What are the key features of the Smart EQ Fortwo's battery and charging?
The Smart EQ Fortwo had a small battery suitable for city driving, with a power consumption of 16.1-17.6 kWh/100 km. It featured an optional 22 kW on-board charger that allowed for a quick charge from 10% to 80% in just 40 minutes, offering a range of up to 159 km, ideal for daily errands and short commutes.

What did fans appreciate about the Smart EQ Fortwo, despite its discontinuation?
Fans appreciated the Smart EQ Fortwo's practicality for city living, its eco-friendly nature, and the ease of parking due to its compact size. Even after its discontinuation, it remained a favorite for those seeking an efficient, easy-to-navigate vehicle for urban environments.