The uniquely tiny Smart Fortwo enters its 2023 model year with the same quirky shape and impressive maneuverability that Smart fans love. With rising interest in economic commuter cars, many buyers want to know: how much does the new 2023 Smart car cost?
In this detailed guide, we break down MSRP pricing for the latest Smart Fortwo including gas and electric models. We’ll outline key features, standard and available equipment, current lease and finance incentives, and projected ownership costs.
Use this as your guide to 2023 Smart car prices and finding the right leasing or buying options on this innovative micro machine.
Overview of the 2023 Smart Fortwo
The two-seat 2023 Smart Fortwo continues offering both gas and all-electric versions:
- Fortwo Coupe — Traditional gas version with 89 hp engine
- Fortwo Cabrio — Gas convertible with retractable roof
- EQ Fortwo Coupe — 81 hp electric model with 96 mile range
- EQ Fortwo Cabrio — Electric convertible model
All versions come in passionatetek, playful prime or conservative pulse premium styling trim lines. Smart focuses on squeezing maximum function into the unconventional 8-foot-long body. Let’s look at MSRP pricing.
2023 Smart Fortwo MSRP Pricing
MSRP pricing for the 2023 Smart Fortwo lines up as follows:
ModelDrivetrainPriceFortwo CoupeGas$15,400Fortwo CabrioGas$18,900EQ Fortwo CoupeElectric$19,550EQ Fortwo CabrioElectric$23,050
These base prices reflect the stripped-down “pure” trim before any options. Stepping up to the “prime” or “pulse” trims tacks on an additional $1,000-$2,500 depending on features added.
You can also add numerous standalone options like a navigation package, panoramic roof, advanced safety tech, parking assistance, premium audio, andContrast Paint for $200-$800 per item. They quickly raise the bottom line.
Key 2023 Smart Fortwo Feature & Equipment Overview
Even in basic “pure” form, Smart packs some nice details into the tiny Fortwo:
Standard Features & Equipment
- 89 or 81 HP Engine
- 6-Speed Auto Transmission
- Power Windows
- Air Conditioning
- Bluetooth Audio
- LED Headlights
- Crosswind Assist
Notable Extra Features & Packages
- Navigation Package: GPS with traffic updates and steering wheel controls
- Light and Safety Packages: Rain/light sensors and expanded active safety features
- Premium Audio: Beats speakers with dual rear subwoofers
- Panoramic Roof: Nearly full-length glass roof panel
- Heated Seats: Available for both driver and passenger
Many standalone options allow custom-tailoring your ideal Smart without requiring an expensive packaged trim upgrade.
Latest Smart Car Lease & Finance Deals
For 2023, Smart is advertising these national lease and financing incentives:
- $99 per month leases on Fortwo gas models
- 1.9% APR financing for 60 months on EQ electric models
- $500 lease loyalty offer if you currently lease a Smart
The $99/month leases likely require signing bonuses or down payments of $2,500+ and have 10k annual mileage limits. But they make the diminutive Smart attainable.
Regional EV incentives can also help lower pricing on the electric EQ models. For example, California offers $750 state rebates in addition to potential federal tax credits.
Federal Electric Car Tax Credit Eligibility
The electric Smart EQ Fortwo qualifies for up to a $4,000 federal EV tax credit thanks to its relatively small battery size of 17.6 kWh. Pricier EVs with larger batteries now get reduced credits or none at all after automakers hit the 200,000 vehicle cap.
The full $4,000 requires sufficient federal tax liability. State or local electric vehicle incentives may also be available to further reduce your tax home price.
Estimating 2023 Smart Car Ownership Costs
Here is an overview of expected first-year and annual ownership costs for the 2023 Smart Fortwo:
Gas Fortwo 1st Year Costs
- Sales Price/OTD Fees: $18,000
- Registration & Taxes: $1,200
- Insurance: $1,500
- Gas (12k miles): $1,600
EQ Electric 1st Year Costs
- Price/Fees after $4k credit: $18,000
- Registration & Taxes: $1,200
- Insurance: $1,500
- Electricity (12k miles): $600
Annual Costs — Both Versions
- Insurance: $1200 (estimated)
- Maintenance: $200
- Tires: $400 (replace every 40k miles)
- License Renewal: $100
Smart Car Insurance Considerations
Due to small size, Smart insurance rates can be lower than average. However, rates for the pricier Cabrio convertible may be higher than the coupe.
Finding the Best 2023 Smart Car Deals
In addition to federal tax credits, you may be able to combine other incentives and deals:
- Check current offers at the Smart USA website for lease, finance or cash back deals
- Ask dealers to see if they can beat nationally advertised purchase and lease pricing
- Consider European delivery if going overseas, which may save around 5%
- Join enthusiast forums to connect with Smart owners who may know of unadvertised incentives
- Look for dealers offering discounted previous model year new 2022 stock
Stacking multiple rebates, sale prices, and tax savings can make the 2023 Smart pricing far more compelling.
FAQs
How much cargo space does the Smart car have?
The tiny Smart Fortwo has just 9.2 cubic feet of cargo space. The rear hatch accommodates some grocery bags but luggage space is very limited.
What is the electric driving range of the Smart EQ?
The EPA-rated range of the electric Smart EQ Fortwo is approximately 96 miles on a full charge. Real-world ranges may vary.
Does the Smart Fortwo require premium gasoline?
No, the gas Smart Fortwo runs on regular unleaded fuel rather than premium for added affordability.
Are Smart cars reliable?
Smart cars score average to below average in reliability according to Consumer Reports, due to electrical issues and powertrain problems.
How long does it take to charge a Smart EQ battery?
On Level 2 chargers, a full recharge takes about 3 hours. Fast charging can replenish up to 80% in 40 minutes.
Discover Micro Vehicle Fun
The pint-sized 2023 Smart Fortwo delivers huge fun in a tiny funky package. Choose between zesty gas power or quiet electric motoring to inject individuality into your commute. With lease deals as low as $99 per month, you can put affordable mobility in your driveway. Take the Smart path to embracing efficient urban transportation!
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