Chevrolet Bolt EV At LA Auto Show - Image Credit: InsideEVs / Tom Moloughney
Inside the Chevrolet Bolt
Well, according to General Motors, you can. Chevrolet has just released details on the first nationwide lease offering for the long-range all-electric crossover.
The lease on the Chevrolet Bolt LT started April 1st, and will cost you $329 per month for 36 months with $3,809 due at signing - by far the cheapest monthly option to drive a long range EV today. Somewhat surprisingly, the offer is also a 15,000 mile per year lease, which is increasingly rare, especially for EVs.
We should also note that the deal comes at a time when a flood of new Bolt EV inventory is finding dealers in the US market, proving that GM has no intention to limit sales volumes in the US. National inventories have moved from only about 1,000 units on hand at the start of this month, to almost 4,000 just two weeks in.
Hot tip: Place a friendly wager with your friends (or haters) on what EV will be the "surprise sales hit" for April in the US with GM's 238 mile EV
This new national deal is not much different than the lease offers currently available in California and Oregon. Other states with Bolt availability have also already offered this monthly price on a Bolt lease, but now, anyone in the U.S. is eligible.
GM's current lease deal also includes a higher 15,000 mile yearly allowances, letting one take more advantage of the 238 mile range of the Bolt EV
The only catch is that the down payment for the nationwide program is substantially higher than that of current offerings. In Los Angeles and San Francisco, you can get the same monthly price and term, with only $1,559 due at signing. This is because CARB states receive an additional $2,250 off lease pricing.
If you don't live in a CARB state, you will have to crunch the numbers and decide if nearly $4,000 down is worth it. Adding the payment in and dividing it over the term shows that you actually have to be willing to shell out $435 per month, to get your hands on the Chevrolet Bolt. If you choose to take the plunge, act soon because the deal expires May 1, 2017.
There is currently no GM loyalty bonus, or any other incentives, aside from what your state might offer. This should all change over time, so waiting may give you an advantage. At least it proves the reality that GM does, in fact, plan to bring these nationwide offers to the table, for the Chevrolet Bolt.