Those in the market for a new vehicle – especially one that operates on alternative fuel – should give the Chevrolet Volt some serious consideration, as the automaker is offering juicy incentives for it.
CarsDirect.com says that shoppers can expect a rebate of $1,000 in cold hard cash from Chevrolet in the following 11 states: California, Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Oregon, Rhode Island, and Vermont.
If you’re curious to know how all these refunds and tax credits translate into more money in your pocket, well let us tell you. The Detroit Free Press recently interviewed Alex Bernstein, the senior pricing analyst for CarsDirect.com. He explained that GM Financial is “reducing the capitalized cost of leases by $2,300 nationally, and an additional $2,250 in the 11 states where the $1,000 cash rebate is available.” Intriguing indeed.
Bernstein also pointed out that California will be remapping its rebates for plug-in vehicles this coming March. Part of the policy change includes an income-based reduction, which will lead to a $3,000 additional price reduction for consumers whose income is less than three times the federal poverty guideline. The reduction is cut in half for those with moderate income ($1,500), and wealthier consumers will stop receiving additional incentive.
Pricing on the 2017 Chevrolet Volt begins at $34,095 for the LT model, with the Premier package starting at $38,445. If you’re interested in leasing options, sit tight, as Chevrolet has not released details on lease terms.