With the very first units of the 2017 Chevrolet Bolt EV already delivered, and dealers being able to order the electric car in most U.S. markets, the launch of the Bolt EV is well under way. Recently, Chevrolet rolled out an official Bolt EV lease program, and it has also released a finance/APR offer for the vehicle.
Finance APR Offer
Chevrolet is offering well-qualified shoppers 2.9 percent APR for 60 months or 4.9 percent APR for 72 months on any Bolt EV model.
By comparison, the Bowtie is offering 0 percent APR on the Volt and most other Chevy models. As such, it’s likely that the Bolt will see a more competitive rate in the coming months.
December marks the first month that Chevrolet has introduced a lease offer on the Bolt EV, with shoppers in California and Oregon having the ability to lease a Bolt LT from $359 for 36 months with $1,099 due at signing.
The lease allows for 15,000 miles per year of usage, which is significantly more than rivals.
According to CarsDirect, the effective lease cost of this lease program is $390/month, which makes it cheaper than the BMW i3 ($396 per month). However, the the Bolt is more expensive to lease than the 2017 Volt: in California and Northeast regions, the Volt LT leases from $261 for 39 months with $500 due at signing, which translates to an effective cost of $274/month.
The above offers are available in Southern California, but may vary in other markets, so it’s always a good idea to check your local incentives or with your local dealer.
Potential $500 Discount
Though Chevrolet doesn’t have any factory discounts or incentives on the Bolt EV just yet, General Motors typically offers a $500 bonus for current lessees of a GM vehicle or a competing automaker. The offer is typically applicable to most GM models, but the Bolt isn’t one of them just yet.
However, industry analysts believe that such an offer is on its way. In fact, Chevy started the offer on the Volt earlier in 2016.
Currently, most Chevy offers are set to expire January 3, 2017. And though General Motors will likely release holiday deals on popular models, it’s not likely to release any new offers on the Bolt EV before the New Year.
Bolt EV Benefits
With over 200 miles of electric driving couples with the latest in-vehicle technology and safety equipment, the new Chevy Bolt EV is quite attractive as far as vehicle purchases go. And that’s not to mention secondary benefits such as:
- Clean Vehicle Rebate on most electric vehicles offered by the state of California
- A $7,500 Federal Tax Credit for qualified buyers offered by the IRS
- Single-occupant use of the carpool lane offered by the California DMV
So, if you’re interested in a new Chevy Bolt, then run to a Chevy Bolt dealer and either get yours, or place an order for one.