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New to the forums and deciding between two model years.

1450 Views 24 Replies 12 Participants Last post by MichBolt, 2 mo ago

Kirker

Hello,
Just registered because I'm seriously considering a Bolt. I live in the Seattle metro area and my typical driving is around the city and as far north as say, Everett or south to Tacoma and west to Bremerton. I might do a couple car camping trips to eastern WA per year. Based on my own research I'm not concerned about owning a Chevy Bolt with DC fast charging. However, I've been trying to limit my used car budget to about $20k more or less.

I recently found two options: 1) 2018 LT Bolt with 39,554 miles, replaced battery, and two owners (non-commercial) for $23,995 and 2) a 2017 Premier, 84,600 miles, replaced battery, and two owners (the first owner as a commercial vehicle that put on ~35,000 miles in one year) for $20,995. Bolt #2 is clearly in my price range, but the high mileage and commercial vehicle use give me pause, while Bolt #1 isn't a Premier but is $3,000 more. Thoughts?

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BillG49

· #11 · 2 mo ago

Kirker said:
Thank you Optimus, I did consider that. However I don't have much tax liability (owed) each year. I don't own a home, have major investments outside my retirement, etc. Typically my owed tax is between $0 and $600. So I won't get a huge benefit since the EV tax credit is non-refundable. The used EV tax credit alone will cover my $600 or so tax burden. Which I'm happy about of course.

You should know that if you do buy one of these from a dealer, you can create a $4,000 tax liability by taking excess distributions from your retirement accounts. Maybe $20,000 will create a $4,000 tax liability? You don't have to spend the money of course, just move it to an investment account or a CD. I'm not a tax expert, but I have stayed at a Holiday Inn Express in the past.

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