Quote:
Originally Posted by JSH
Right now the cheapest Bolt on my local dealer's website is $27,290. You can get another $1000 if you are a current GM leasee.
My figure didn't include the $2500 low income Oregon credit as it seemed very unlikely that someone could slide under the income cap AND pay $7500 in federal income tax. Now with the credit halved and GM making up the difference with a $3750 rebate it could be possible.
Which then begs the question - how do people expect to sell used Bolts for $20K?
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I have a mortgage on a $360k home and still ended up taking the standard deduction this last year. The current tax credit structure is a joke. My bet is that most people buying with that in mind failed to do the math on it.
We only got half the credit back when the Escape Hybrid was introduced. Nothing has changed aside from the DEQ credit - which I am eligible for as a single father with 3 dependents - barely!