GM Discounts Volt by $10,000, 3x-4x more than US average

hey, any port in a storm.

 

There was a $2500 dollar incentive from GM to dealers to move remaining 2012's if they met the minimum requirement of sales. Add the $7500 tax deduction and you have the $10,000 headline to pull in web clicks/views.

Interesting that the Volt is panned for a high MSRP and then again if the purchase price can be $10k less.

 

there are lovers, and there are haters. that's what makes the world go round.

 

I think the Volt is a good car. This discount and the govt rebate makes it interesting. However I don't trust GM to give it long term support after what they did to their first electric car. Should I worry about that?

 

Yes I did. It references a 3rd party website (not GM or GM dealers) for that headline grabbing price figure. I put in my info at truecar. com and it gave me, drum roll,............. a $683 dollar discount.

 

Um if you read it carefully you see they don't really describe how they got the 10,000. It says the 10K number is from truecar.com.. but truecar that only gives $599 off of MSRP, so that's not much of a discount on the price. (There are places that will do more off MSRP.. so at least last month, with some shopping around, one could really get $2500 off MSRP).

If you understand how the leasing they work you might recognize that the "low lease rate" already accounts for the $7500. The leasing company gets the credit and uses it as a cap reduction. So if they dealer takes 2500 off and the lease can account for as much of the $7500. And for buyers, getting a $40,000 for 25% of gives one a $30000 net price price tag, which is, as fotomoto said, $2500 discount + $7500 credit.

 

I can't put it more simply than this: there are no, zero, zip, nada, ads for $10k off a Volt. The headline and story are bogus.

I just saw a TV ad just a few minutes ago for $7500 off a Toyota Tundra (or for what it maters insert any big truck from any make here). Where are the headlines for that? <shruggs>

 

Gotta love it. Costs less than a PiP and yields twice the MPG and available nationwide.

 

Only you can answer how much you want to trust the company that crushed the EVs. I do beleive that people/companies can change -- when its in their interest. The volt is in GM's interest but still I choose to buy mine because the Volt is just such an amazing car, and there is no way they are getting it back from me.. Did not trust a lease.

I've had the car for 13 months. I can say the Volt is even more than I expected, by far the best car I've ever owned. My car has had zero issues, but the stories on GM-volt com show very strong service and support. I did have my battery "enhanced" and it was just fine.. better than any my honda-services in the past decade.

 

FWIW, during the 60 Minutes break tonight in the Moneywatch segment, they also cited the $10K discounts. GM offers big discounts to boost Volt sales - CBS News is a brief thing on their web site.

I'm pretty annoyed at the AP piece as they continue to cite the screwy figures from the same source (Munro) that was discussed at GM losing $49,000 on every Volt sold, but will make it up on volume! | PriusChat and elsewhere.

They also have their facts wrong about the carpool lane situation in CA. The old yellow HOV stickers (Eligible Vehicles - Single Occupant Carpool Lane Use Stickers) that were for non-PHEV Priuses expired 7/1/11. I still have them, but they're useless to me now.

But yes, having an eAT-PZEV version of the Volt (the came later) allowing it to qualify for green HOV stickers I'm sure helped significantly boosting Volt sales in CA.

 

+1

 

When will the leases for the first Volts expire?

I figure that is when we'll first see the used ones show up in the market.

Bob Wilson

 

The only use of the word figure in that paragraph are with respect to GM, and hence "the figure" means what GM said.

If GM declined to give a figure, it really does not matter what their figure excluded. Seems unlikely GM would say that given they did not give a figure. That just seems to be an agressive reporter trying to make a story.

The normal definition for incentives include any cap-reduction for the lease, which is how the credit is treated.