Last week, a bulletin sent to Chevrolet dealerships revealed that the Chevrolet Bolt EV and Bolt EUV are no longer eligible for promotional financing.
Last year, the Bolt EV and Bolt EUV made headlines when their prices were significantly reduced, with the regular model’s price being cut by up to $5,900 and the EUV’s price being cut by as much as $6,300. Additionally, buyers had the opportunity to take advantage of 0 percent APR and 72-month financing deals from 1.9 percent APR.
According to Cars Direct, as of last month, the best financing rate available from GM Financial for the Bolt EV and EUV was 6.49 percent for loans of 72 months. However, buyers may still be able to benefit from the $7,500 federal tax credit available through the U.S. Inflation Reduction Act for both the Bolt EV and EUV.
At the beginning of January, Chevrolet announced that the starting prices for the 2023 Bolt EV and Bolt EUV have increased by $900 and $600 respectively from the previous year. According to Cars Direct, 2022 Bolt EVs remaining in Chevrolet’s inventory are currently available with a $5,000 rebate and 2022 Bolt EUVs in stock are eligible for a $5,700 rebate.
These changes suggest that purchasing a 2023 Bolt EV or Bolt EUV may be a more cost-effective option for consumers compared to leasing one, particularly compared to last year. However, it is still considered a good value for money.
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