Hey Guest, welcome to ChevyBolt.org. We encourage you to register to engage in conversations about your Bolt.

So you want a new Kia EV6 ??

9889 Views 60 Replies 28 Participants Last post by RacerX00, 28 d ago

Packard V8

Discussion Starter · Feb 15, 2022

I'm on the list at our local Kia dealer. This just in today, 2/15/2022:

So the two coming in next week are both the AWD Wind Model. One is White the other is Glacier colored. We are currently at $10,000 above MSRP on them, but I can always try for a better price for you. Thank you,

Thanks for the update, but no, thank you.

jack vines

Save

Reactions: 5

1 - 6 of 61 Posts

SpicyBolt

· #12 · Feb 16, 2022 (Edited)

finallygoingev said:
I just felt this whole thread was unnecessary and just a way to make it sound like MSRP pricing is impossible for EVs.

ICE cars are also marked up as well and used cars are overpriced as are new GM trucks, Camaros, you name it so it's not just the Kia EV. Plenty of people have/did/can get new EVs at MSRP or even less honestly, but the way the post was formed from an old time member who is quick to defend the Bolt with how great it is for them (the Bolt is fine since I bought and owned one as well) seems a bit disingenuous in regards to Kia EV pricing.

I didn't get the impression at all that he was implying that MSRP pricing is impossible. It often requires additional effort, including travel in many cases. Furthermore, it is impossible for everyone to get these cars at MSRP.

As long as some buyers are willing to pay more, the remaining buyers will have to scramble for the, sometimes relatively few MSRP deals, give up on that car, or grudgingly pay more. The EV6 supply is currently very limited, the EV6 supply at MSRP, is even more limited. So for some, getting one at MSRP actually will be impossible.

As for Jack talking about how great his Bolt is, in other posts, I welcome his positive comments. This is a Bolt forum after all. I don't see how that relates to his comment about the $10k EV6 markup by his local Kia dealer though. Maybe many of us are reading too much into his brief comment, myself included.

Save

Reactions: 2

SpicyBolt

· #39 · Feb 24, 2022

Packard V8 said:
But then there's the $70,000 OTD price; the only thing negotiable is the $3,700 comprehensive ten-year warranty. For that price, it ought to be MUCH better than our 2017 Bolt Premier, which when new was $45,000 OTD.

jack vines

When you say OTD for the EV6, do you mean including tax, title and license? And is that before or after factoring in the $7500 tax credit, and any available incentives in your state? Same question regarding your $45k OTD Bolt, which still had the $7500 tax credit available when you bought it.

I'm trying to get a handle on what people mean on this forum when they say "OTD".

Save

SpicyBolt

· #41 · Feb 25, 2022

Packard V8 said:
My OTD above is what it would cost anyone to drive it away, taxes, title, fees, additional dealer profit or discount from MSRP.

Separately should be mentioned is the negotiable add-ons; whether the customer was suckered for the additional $3,800 warranty, Scotchguard, crystal finish protection, floor mats, wheel locks, nitrogen fill, et al.

The federal income tax credit is an individual thing and IMHO should not be included in the OTD, but definitely should be mentioned as to whether it is still applicable to the vehicle under discussion.

Much debated here is how the OTD should reflect individual discounts not available to everyone; i.e. brother-in-law owns the dealership, GM card points, loyalty discount, conquest discount, Costco discount, state and utility rebates.

Bottom line - full disclosure is better than just tossing out a number without context.

jack vines

I agree with you generally, with the exception of the $7500 tax credit. I have no problem though if members fully disclose the nature of all discounts.

When people on this forum "brag" about paying $15k under MSRP, it's important to note that most early buyers like yourself, paid $7500 under MSRP, after the tax credit. No way would later buyers have received a $15k discount if the $7500 tax credit was still available either.

So if you aren't going to disclose that you received the $7500 tax credit, then to make a fair comparison, those buyers paying $15k under MSRP, shouldn't disclose the $7500 received in lieu of the tax credit. They should say, myself included that they paid $7500 under MSRP rather than $15k under.

Save

SpicyBolt

· #44 · Feb 25, 2022 (Edited)

Packard V8 said:
As I mentioned earlier, not everyone who bought the Bolt during the span the $7500 federal income tax credit was available were able to take advantage of it. That means it was a maybe, not a given reduction in OTD.

jack vines

My point is, you often say you paid MSRP for your Bolt, which you said is $45k. And you talk about how it was well worth it in terms of opportunity cost. You've had all these years to enjoy your Bolt. And I agree with you. In order to fully appreciate what you mean, it would be helpful to know what you, jack, actually paid for your 2017 Bolt, net of all applicable tax credits, and incentives, federal and state.

So I paid $15k under MSRP, after $13k in unconditional discounts, and $1500 in loyalty and $500 for taking out a GM loan which I paid off right away.

That's what I paid, nothing hidden, no maybes. And I'm not bragging either. It's what the car was worth, especially since the $7500 tax credit was no longer available, and considering the EV competition in 2021. And we have no state incentives in Minnesota either.

I like full disclosure. It gives a more realistic idea of what an early adopter like you actually paid vs those of us who bought Bolts more recently. In most cases, I don't think the difference is as great as one might think from reading your posts.

See less See more

Save

SpicyBolt

· #46 · Feb 25, 2022 (Edited)

Colt Hero said:
I've always been under the impression that the "early Bolt buyers" paid about $10,000 more than those who bought during the "fire sale" of the 2020 and 2021 model years.

That sounds about right, on average. Although in my case, the $15k off MSRP, was only $7500 less than an early buyer receiving the full $7500 tax credit. And the unconditional discounts were only $5500 less. And if the early buyer lives in a state with incentives, the difference shrinks even further, to as low as $3000, or even less in a few states.

It just wasn't the norm that early Bolt buyers paid MSRP, full stop. And yet a few would like to give that impression for some reason. Of course a few did, but most got at least part of the $7500 tax credit. I mean how does one afford a $45k automobile, and yet not have enough taxable income for even one dollar's worth of the tax credit? And in some states, they also received additional incentives.

I bought a new Volt in 2017, and can tell you that if not for the $7500 tax credit, that purchase would never have taken place. And I always told people the purchase price net the tax credit. I described the credit too, if they were unaware.

See less See more

Save

SpicyBolt

· #48 · Feb 26, 2022 (Edited)

Packard V8 said:
In several past posts, I mentioned we did receive the $7500 federal income tax credit; no secret there. Since we are retired and have little taxable income, it required taking a substantial distribution from an IRA to generate the tax liability.

I had to go back five years in the files to find the MSRP was $43,155 and in early 2017 we paid $41,819, including state sales tax, license, document fees, et al, OTD. A year later, after claiming the $7,500 federal income tax credit, the net was reduced to $34,319.

Shortly after, an equally old woman friend bought a similar Bolt, but for whatever reason, couldn't or wouldn't take the tax credit. Her OTD and also her net was $45,xxx.

jack vines

Thanks. I understand the retirement part too. My wife was still working when we bought our Volt in 2017. Now with both of us retired, it would have required some juggling. I probably would have done a Roth conversion to generate the taxable income, had we bought a tax credit eligible EV.

I haven't been around this forum very long, as I was residing on the Volt Forum until that car met it's demise last April. So I may have missed your posts, re: receiving the tax credit.

Bottom line, you've enjoyed your Bolt for several years now, so the extra purchase price has been well worth it, as you've stated. We enjoyed our Volt, but like our Bolt even better.

Some range anxiety plus price prompted us to get a Volt the first time around. With a negotiated discount, plus the $7500, we were able to get a loaded 2018 Premier ($40k MSRP) for just under $30k OTD, including ttl. The insurance check for the totaled Volt, plus about $5500 put us into our Bolt OTD, including ttl.

Save

1 - 6 of 61 Posts

Top Contributors this Month