Comments on: Chevy Volt Pricing Analysis

By: Pat Joy

Pat Joy — Sat, 14 Aug 2010 16:20:03 +0000

I am late to this news posting, because I needed to think about the implications that the price for the Volt has done to my own plans to buy a Volt. With the price of 41000 set as the MSRP price this car is now out of my budget. Sorry Chevy, will not be buying a Volt. In fact it got me thinking in terms of cost compared to other cars, and at 41000, even with a good lease deal, which I am sure is 12,000 mile max with extra cost over 12K miles. Not a good deal for me. The other thing is that a person has to finance the 41000 in some way. I feel that the price of the car should have been 33,500. What GM is doing is having the buyer finance at 41000 so that GM gets the 7500 up front for GM, an indirect way of getting finance from the government. So the way I see it is that the amount above 33500 is really a tax we are paying to buy the car. Call it an early adopter tax!
In any case if the price was 33500 MSRP, I would put my money down today if I had a dealer to buy from. So SORRY GM, I AM GOING TO FORD FOR A FUSION HYBRYD.

P JOY

By: Chevonly

Chevonly — Mon, 02 Aug 2010 22:46:34 +0000

People who buy the Leaf will get the lesson on electricity consumption with no backup generator in short order. Is it raining guess what the wipers drain the battery, is it hot or is it cold, you get the point everything drains the battery, so you better not be to far down the road when it starts pouring down rain and the wife gets cold and then you have to turn the headlights on to see where you are going. The Leaf will be lucky if it can go even 50 miles with a full load on the battery, just watch the news and see when the first Leaf driver runs out of juice on the freeway in California in a rainstorm. Stick with the Volt at least you have a reliable back-up so you have no worries and don’t have to keep your eyes glued to the battery gauge to make sure you have enough power left to make it home.

By: EricLG

EricLG — Sat, 31 Jul 2010 13:37:20 +0000

jdenn, what is the effect of manufacturer rebates on resale value ?

By: vegaselectric

vegaselectric — Sat, 31 Jul 2010 09:52:41 +0000

jdenn: I think many people are missing the issue on the lease. The reason it is so “Cheap” is that they get the $7500 tax credit and therefor, even thought he car may depreciate to 25,000 in 3 years, GM has only experienced $8,500 (In this case) of depreciation. So don’t compare 350/mo with 41k, you need to compare it with getting a 41,000 car for $33,500. Meaning, you could most likely drive this car for 18months and sell if for almost the same amount you actually paid for it. I’ll pay cash. (Quote)

THIS WEEK I talked to the IRS Tax Department of the issue of the rebate! "IF YOU DO NOT HAVE TO WRITE THE IRS A CHECK FOR $7500 APRIL 15TH, YOU WILL NOT GET THE ENTIRE $7500 TAX CREDIT. NO CARRY AHEAD OR CARRY BACK TO USE IT. USE IT OR LOSE IT! IF YOU HAVE A GOOD ACCOUNTANT AND GOOD WRITE-OFFS, OR DEFERRED COMPENSATION, LOTS OF LUCK!

By: john1701a

john1701a — Fri, 30 Jul 2010 17:04:48 +0000

Remember why Lutz said “nicely under $30,000” as a goal?