Chevy Bolt price cut

[NeilBlanchard]

Originally Posted by JSH

My local dealer has Bolt LTs for $27,969 and Volt Premiers for $25,731. (Both before the Federal Tax Credit.

https://www.brucechevrolet.com/Vehic...Bolt%20EV,Volt

I think you may have the models / prices reversed. The Premier is the higher priced model.

[rmay635703]

Originally Posted by NeilBlanchard

I think you may have the models / prices reversed. The Premier is the higher priced model.

Nah you’re confused by the Bolt vrs Volt pricing being mixed.

[JSH]

Originally Posted by NeilBlanchard

I think you may have the models / prices reversed. The Premier is the higher priced model.

GM has bigger discounts on the Volt than they do on the Bolt.

Volt Premier

$40,525 MSRP
-$1,390 Discount
-$5,904 Cash Allowance
-$2,500 Oregon Clean Vehicle
-$1,500 Cash Allowance
-$3,500 Select Market Discount
$25,731 Sales Price

Bolt LT
$39,790 MSRP
-$1,298
-$2,681
-$2,500
-$1,592
-$3,500
$27,969

[JSH]

Originally Posted by redpoint5

Wait, so it might be possible to get a new Volt for about $14,000 if someone qualifies for both the federal credit plus both of the Oregon credits? Heck of a deal.

I believe it is impossible get both Oregon credits and the full Federal credit. If a person's income is below the cap for the low income Oregon Credit they would never pay enough in Federal income taxes to get the full Federal credit.

[ksa8907]

Originally Posted by Fat Charlie

If you do it right, financing is a great tool. I couldn't afford to buy my house in one payment, but even with zero down payment the mortgage was only $100 a month more than the rent I had been paying at the time. And if you're not planning on moving, owning is way cooler.

I drove off with my Fit with only a signature, too. I didn't have $15.5k burning a hole in my pocket, but I did have a pen. The fuel savings over the POS I had been in came close to covering the payments, and nowadays those payments are gone but the Fit isn't. I'd love to grab one of those Bolts, but I won't need a car for a long time. Not needing a car doesn't mean missing out on a deal: by the time my Fit goes, I'll be scouting some very nice used model 4s.

Oh I promote buying cars with no money down if your rate is low. What's the cost to finance that extra $2-5,000? Not much more than the principal cost. But you pay the opportunity cost of no longer having $2-5,000 in cash.

[redpoint5]

Originally Posted by JSH

I believe it is impossible get both Oregon credits and the full Federal credit. If a person's income is below the cap for the low income Oregon Credit they would never pay enough in Federal income taxes to get the full Federal credit.

I was thinking of my parents that might make $12k/yr, but have IRAs they could convert to Roth to boost their tax liability. Get the low income credit because they have low income, but artificially increase federal liability for the 1 year they purchase the vehicle.

Too late to work this out for Chevy, but if Nissan prices get crazy low as their credit enters phase out, that might work. The 40 kW version should go lower in price than Chevy considering the 20 kW less battery. I assume the Nissan is cheaper to manufacture too since they didn't put in active thermal management.

Too bad I'm in the house hunting mode; otherwise I'd have considered a Model 3 base. Would be ~$26k here in Oregon after credits.