Chevrolet Volt Starts At $41,000, $350 Monthly Lease
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As expected, General Motors has just announced pricing of the much-anticipated Chevy Volt. The plug-in extended-range electric vehicle (EREV) has a starting MSRP of $41,000. After a full federal income tax credit (which ranges from $0 to $7,500), that price drops to $33,500.
The Lease
The Volt will also be available as a 36-month lease for $350 per month with $2,500 due a lease signing (including security deposit, which could vary at the time of delivery). These prices, of course, assume prime credit.
Volt Order Process
Speaking at the Plug-In 2010 conference, GM’s Vice President of U.S. Marketing Joel Ewanick also announced that starting today, participating Chevrolet dealers in initial launch markets will begin taking customer orders for the Volt. The Volt will initially be launched to customers in California, New York, Michigan, Connecticut, Texas, New Jersey, and Washington D.C.
To be among the first to purchase a Volt, customers can visit their nearest participating Volt dealer. A dealer locator will be available late today at http://getmyvolt.com
The dealer will begin the order process. From there, a dedicated Volt advisor will contact the customer and answer any questions to keep the buyer apprised of the progress of the order.
For those in need of more Volt-related information, Chevrolet will have a team of Volt advisors available to answer any questions starting today at 1-888-VOLT-4-U (1-888-865-8496).
Warranty
We found out how Chevy will warrant the Volt’s powertrain a few weeks ago, but today’s announcement revealed a few more details. The Volt’s 16-kWh lithium-ion battery pack carries an eight-year/100,000 mile warranty. In addition, Chevy will provide:
- 3-year / 36,000-mile bumper-to-bumper coverage
- 5-year / 100,000-mile roadside assistance and courtesy transportation
- 5-year/100,000-mile limited gas engine coverage
- 6-year/100,000-mile corrosion protection coverage
Safety
The Volt will be chock full of standard safety equipment, including eight air bags – dual-stage frontal, side-impact, knee, and roof-rail side-impact. StabiliTrak electronic stability control with Traction Control is also standard. The Volt is made of 80 percent high-strength steel for additional safety and protection.
Charging
The Volt will have a 120-volt charge cord standard, allowing owners to charge the EREV directly from a standard home electrical outlet. However, a total of 4,400 Volt buyers in the initial launch markets will have the opportunity to get a free 240-volt charging station as well as a free installation.
Live Web Chat
Later today, Volt Marking Director Tony DiSalle and Volt vehicle line Director Tony Posawatz will host a live video web chat at 4 pm Eastern/1 pm Pacific to answer any consumer questions about the Volt’s pricing.
Today’s announcement lays to rest nearly three years’ worth of speculation, which is older than GM Authority! How will GM price the Volt’s Opel-, Vauxhall-, and Buick-badged twins is unknown at this point, but we expect those to carry an equivalent price as the U.S. Volt, only in each respective currency.
We’ll be conducting our initial drive of the Volt in the coming weeks, so stay tuned to GM Authority and welcome the age of the Volt Age!
