Author Topic: NJ only:Chevy Bolt (electric car) $55/$72 a month 36/10k miles with one pay  (Read 48181 times)

Offline normathej

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Curious if the dealers will play ball, considering how low inventory is reported to be.

Offline yos9694

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Making the incentive point of sale just about ensures that it gets soaked up by the dealer

Online yelped

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This time dealers are not allowed to mark up and charge over MSRP. Although they can still get away with it by charging a bogus charge, or by playing around with the MF (interest rate).

Offline davidd75

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seacoast is giving a ballpark figure of $284-330 per month 3 year lease for the 2023 chevy bolt should I pounce on that or wait for better offers in the future?

Offline normathej

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seacoast is giving a ballpark figure of $284-330 per month 3 year lease for the 2023 chevy bolt should I pounce on that or wait for better offers in the future?

Are they willing / able to lock you in for the EV credit on a 2023 order that may not come in until the end of 2022?

Online avromie7

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seacoast is giving a ballpark figure of $284-330 per month 3 year lease for the 2023 chevy bolt should I pounce on that or wait for better offers in the future?
$4k over a 36 month lease is $111.11. There is also the interest or MF on $4k over the lifetime of the lease, so it should bring the price down by a little more than that. I haven't been following prices, but $400-450 for a small EV doesn't sound crazy for the current market.
I wonder what people who type "u" instead of "you" do with all their free time.

Online avromie7

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Are they willing / able to lock you in for the EV credit on a 2023 order that may not come in until the end of 2022?
FWIU it goes by order date.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline davidd75

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$4k over a 36 month lease is $111.11. There is also the interest or MF on $4k over the lifetime of the lease, so it should bring the price down by a little more than that. I haven't been following prices, but $400-450 for a small EV doesn't sound crazy for the current market.

They said those prices includes the state 4k rebate

Online avromie7

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They said those prices includes the state 4k rebate
Correct.
$400-111.11=$288.89. Subtract a few more dollars for interest/MF and you get to ~$280.
$450-111.11=338.89. Subtract a few more dollars for interest/MF and you get to ~$330.

It looks like they aren't increasing the price to be able to keep more of the rebate.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline davidd75

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Correct.
$400-111.11=$288.89. Subtract a few more dollars for interest/MF and you get to ~$280.
$450-111.11=338.89. Subtract a few more dollars for interest/MF and you get to ~$330.

It looks like they aren't increasing the price to be able to keep more of the rebate.

so grab it? 

also cannot use the federal tax credit $7500 on bolts anymore if one decides to go with purchase route

Offline coffeebean

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Repurchase options: 
 
-If available and a Dealership is willing, you may select from certain Bolts that are located on dealer lots or incoming to the Dealerships that are confirmed to have defect-free batteries. Please note that these inventories are extremely limited at this time and many dealers have none available. If you are able to find and select one of these vehicles from the current on-site or in-transit inventory, we would ask that you let us know the selected vehicle's VIN and/or Order Number that would be entered into our system and the Trade Repurchase process would move forward. We also ask that we try and stay within 100 mile radius of your location and we are unable to cross state lines for replacement. 
 
-You may also choose to do a Trade Repurchase into any Internal Combustion Engine (ICE) vehicle the dealership would be willing to work with. If you are able to select one of these vehicles, we would ask that you let us know the selected vehicle's VIN and/or Order Number that would be entered into our system. 
 
-GM has recently approved 2023 Chevrolet Bolts for the Bolt Trade Repurchase Program. Customers will be able to order a new 2023 Chevrolet Bolt beginning June 16, 2022 at their preferred/local dealership (if able to assist). Vehicles should enter production around the end of July. We would ask that an Order Number be provided to us as soon as possible to obtain the earliest delivery date. 
 
-Our final option would be for you to go with a Straight Repurchase offer and GM would repurchase the vehicle outright from you. 

Offline coffeebean

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Which option will make me the most money when returning vehicle in a year?

Offline curly

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any minivans that would qualify for this?

Offline normathej

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Repurchase options: 
 
-If available and a Dealership is willing, you may select from certain Bolts that are located on dealer lots or incoming to the Dealerships that are confirmed to have defect-free batteries. Please note that these inventories are extremely limited at this time and many dealers have none available. If you are able to find and select one of these vehicles from the current on-site or in-transit inventory, we would ask that you let us know the selected vehicle's VIN and/or Order Number that would be entered into our system and the Trade Repurchase process would move forward. We also ask that we try and stay within 100 mile radius of your location and we are unable to cross state lines for replacement. 
 
-You may also choose to do a Trade Repurchase into any Internal Combustion Engine (ICE) vehicle the dealership would be willing to work with. If you are able to select one of these vehicles, we would ask that you let us know the selected vehicle's VIN and/or Order Number that would be entered into our system. 
 
-GM has recently approved 2023 Chevrolet Bolts for the Bolt Trade Repurchase Program. Customers will be able to order a new 2023 Chevrolet Bolt beginning June 16, 2022 at their preferred/local dealership (if able to assist). Vehicles should enter production around the end of July. We would ask that an Order Number be provided to us as soon as possible to obtain the earliest delivery date. 
 
-Our final option would be for you to go with a Straight Repurchase offer and GM would repurchase the vehicle outright from you.

First option is going to be virtually impossible - dealers can sell those bolts, they don't want to swap them for you; they don't make money on a swap. 

Second / Third - what are your current needs?  Do you care about having an EV now?  They give you the exact value in MSRP; if your new car is lower, you'll get back the difference; if it's higher, you have to pay in - and then your lease stays exactly the same, with the residual value / payout being whatever you initially signed up for.  If you don't care to have a bolt, find out which GM car holds value the best and swap into one of equal MSRP and then buy it out at the end of the lease term.  (but then you'll pay for gas until your lease is over).  If you are going to give the vehicle back at the end of the lease term or want an EV, then take an EV / EUV now at $5k less MSRP, and you will get back $5k and have the car until the lease is over.  I've read on multiple forums that if you try to go over the $5k to get more money back, GM will deny it.

Fourth option only works if you don't need the bolt now - they take the car back and give you back whatever you've paid to date.

One more consideration for the future - the Bolt EV and EUV are both going to be discontinued; most likely in 2023 and 2024; not sure what that will do for residual values.

Offline normathej

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any minivans that would qualify for this?

Chevy Traverse can be an 8 seater but it's an SUV.

Online avromie7

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so grab it? 

also cannot use the federal tax credit $7500 on bolts anymore if one decides to go with purchase route
It looks like this is the best you're going to get unless there is a new federal incentive.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline coffeebean

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First option is going to be virtually impossible - dealers can sell those bolts, they don't want to swap them for you; they don't make money on a swap. 

Second / Third - what are your current needs?  Do you care about having an EV now?  They give you the exact value in MSRP; if your new car is lower, you'll get back the difference; if it's higher, you have to pay in - and then your lease stays exactly the same, with the residual value / payout being whatever you initially signed up for.  If you don't care to have a bolt, find out which GM car holds value the best and swap into one of equal MSRP and then buy it out at the end of the lease term.  (but then you'll pay for gas until your lease is over).  If you are going to give the vehicle back at the end of the lease term or want an EV, then take an EV / EUV now at $5k less MSRP, and you will get back $5k and have the car until the lease is over.  I've read on multiple forums that if you try to go over the $5k to get more money back, GM will deny it.

Fourth option only works if you don't need the bolt now - they take the car back and give you back whatever you've paid to date.

One more consideration for the future - the Bolt EV and EUV are both going to be discontinued; most likely in 2023 and 2024; not sure what that will do for residual values.


Offline coffeebean

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First option is going to be virtually impossible - dealers can sell those bolts, they don't want to swap them for you; they don't make money on a swap. 

Second / Third - what are your current needs?  Do you care about having an EV now?  They give you the exact value in MSRP; if your new car is lower, you'll get back the difference; if it's higher, you have to pay in - and then your lease stays exactly the same, with the residual value / payout being whatever you initially signed up for.  If you don't care to have a bolt, find out which GM car holds value the best and swap into one of equal MSRP and then buy it out at the end of the lease term.  (but then you'll pay for gas until your lease is over).  If you are going to give the vehicle back at the end of the lease term or want an EV, then take an EV / EUV now at $5k less MSRP, and you will get back $5k and have the car until the lease is over.  I've read on multiple forums that if you try to go over the $5k to get more money back, GM will deny it.

Fourth option only works if you don't need the bolt now - they take the car back and give you back whatever you've paid to date.

One more consideration for the future - the Bolt EV and EUV are both going to be discontinued; most likely in 2023 and 2024; not sure what that will do for residual values.
How do I find out the MSRP on my current vehicle? What do you mean by going over $5k to get more money back?

Offline mordechain

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Joe Manchin just agreed to back a compromise with Schumer. He includes "climate" There may be something here for ev's

Offline mordechain

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Anybody want to takeover a  deposit on a black 22 euv premier with supercruise? Supposed to arrive on August 6. I can just take back the deposit, but perhaps I can help someone here.
Feel free to PM