Chevrolet Bolt EV - in production now, arriving in December

Chevrolet Bolt EV - in production now, arriving in December

2017 Chevrolet Bolt

2017 Chevrolet Bolt

Though no lease terms have been released as of yet, we do have financing terms for the soon-to-launch Chevrolet Bolt.

Dealerships are reporting financing terms for the Bolt at 2.9%. Here's the text from one dealership in Maryland:

"2017 CHEVROLET Bolt EV 2.9% APR for 60 months for qualified buyers. Monthly payment is $17.92 for every $1000 you finance. Example down payment: 18%. Some customers will not qualify. Take delivery by 11-30-2016. Residency restrictions apply. See Dealer for details."

Maryland is unlikely to get the Bolt by 11-30-2016 as the ad states as the deadline, but we expect similar deals to be offered in other states where the Bolt may actually be available before the deal ends and it seems likely that this deal will be extended too.

Even at 2.9% financing, buying a Bolt is rather expensive. Hybrid Cars calculates the monthly payment as follows:

"Assuming qualified buyers put down the suggested 18 percent, and at a total sales price including tax and fees at $42,000, this would mean financing $34,440."

"Multiplying 34.4 by $17.82, one arrives at a $616.45 monthly payment for 60 months."

As with other electric cars, federal and state incentives are available. At $600-plus per month, we're inclined to suggest that perhaps you wait to see what sort of lease deals are offered on the Bolt before solidifying your purchase.

Source: Hybrid Cars