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GM has launched a new leasing program for the Chevy Bolt and buyers in California and Oregon can get their hands on one for as little as $309 a month with no cash down after incentives.

If you’re purchasing a Chevy Bolt, a base model has an MSRP of $37,495 and invoice price of $35,155. Both prices include destination charges and it’s calculated before the $7,500 federal tax credit, but not everyone can afford to drop down $30k.

Leasehackr got their hands on the leasing program and you can see how they crunched the numbers here.

With GM’s leasing program, GM will be the one getting the tax incentive instead of the customer. The incentive they receive will go towards the lower monthly payment, reducing the cost to just $80 a week. Through GM Financial, a portion of the $2,500 Incremental CCR incentive will be passed on to the lessees with the rest used to inflate the Bolt’s residual values.

Also, those in California should look into the $2,500 CVRP mail-in rebate from the California Air Resources Board. When applied, this rebate can be fronted as a down payment.

So the question is, will you lease or buy a Chevy Bolt?
 
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