Buy or lease new Bolt??? - Page 2 - Chevy Bolt EV Forum
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post #11 of 83 (permalink) Old 11-22-2016, 04:13 PM
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Too high because no other EV has retained value at anywhere near that rate. My guess is a 3 year old Bolt LT will be closer to $15K (or even less).

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post #12 of 83 (permalink) Old 11-22-2016, 04:30 PM
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Too high because no other EV has retained value at anywhere near that rate. My guess is a 3 year old Bolt LT will be closer to $15K (or even less).
Did you by any chance look at how much Fit EV's like yours are selling for locally?
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post #13 of 83 (permalink) Old 11-22-2016, 08:18 PM
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Did you by any chance look at how much Fit EV's like yours are selling for locally?
The Fit EV is a lease only and cannot be purchased (like the GM EV1, BMW Mini-e and Active-e). It is titled, maintained and insured as an American Honda Fleet vehicle.
But the lease extension lists the January 2017 value as $23,571.45 (residual from original 3 yr lease). In January 2019 it will be worth (on paper) $19,342.65.

Used ones are "selling" (re-lease) for $199/m for 2 years. Includes unlimited miles, 32 amp L2 EVSE, all maintenance, plus comp and collision insurance ($0 deductible).

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post #14 of 83 (permalink) Old 11-24-2016, 01:07 AM
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Looks like initial lease deals won't be so hot...only $2,500 lease cash. Buying seems to be the better proposition....at least until GM ups the lease incentives.


Where do you see the $2500 lease cash?


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post #15 of 83 (permalink) Old 12-28-2016, 05:49 PM
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Buy so you can get the $7500 tax Credit
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post #16 of 83 (permalink) Old 12-28-2016, 06:51 PM
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If you lease you get effect of the 7500 instantly. If you buy it you have to wait up to a year (or more) to get the credit.
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post #17 of 83 (permalink) Old 12-29-2016, 03:39 AM
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If you lease you get effect of the 7500 instantly. If you buy it you have to wait up to a year (or more) to get the credit.
Or you can adjust your withholding so that you pay $7500 less in federal taxes over the course of the year. Or about $312 a pay check if you get paid twice a month. That's what I intend to do.

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post #18 of 83 (permalink) Old 12-29-2016, 06:58 AM
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The above adjustment can only be done if there is enough taxable income to adjust. Thus of us who have modest pensions and modest savings have no choice but to lease. At least there is the option to buy afterwards, but GM is shafting us on that with the higher residuals, leaving us with 'perpetual leasing' as the only viable path. There is currently no good option for someone who wants to own a Bolt but doesn't qualify for the federal credit - and can't afford the car without it.
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post #19 of 83 (permalink) Old 12-29-2016, 09:43 AM
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The above adjustment can only be done if there is enough taxable income to adjust. Thus of us who have modest pensions and modest savings have no choice but to lease. At least there is the option to buy afterwards, but GM is shafting us on that with the higher residuals, leaving us with 'perpetual leasing' as the only viable path. There is currently no good option for someone who wants to own a Bolt but doesn't qualify for the federal credit - and can't afford the car without it.
Remember, in 3 years the federal tax credit will likely be history (at least for GM plugins). With the credit no longer available, don't be surprised to see resale values of Bolts and Volts actually increase. Probably nowhere near $7,500 but definitely should see a bump....maybe. At the worst, the credit expiring will not hurt used EV resale values.

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post #20 of 83 (permalink) Old 12-29-2016, 11:14 AM
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Do you really think the prices of them will increase ? From my knowledge, limited, there hasn't been one EV that has held is value nicely, I don't think the Bolt will be any different in the 3 year span scenario.
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