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.
