Despite numerous rebates, the 2013 Chevrolet Volt still has a high base price of $39,995, including destination. Thanks to a $7500 federal rebate, U.S. Volt buyers will never actually pay that $40,000 price. Now it seems that some buyers are getting quite the deal on a 2013 Volt – as low as $159 per month, in fact.
According to Forbes, some Chevrolet dealers have been able to see 2012 and 2013 Volts at a big discount. The new report outlined how a buyer was able to lease a brand-new Volt for two years for just $159 per month with no money down. To put that in perspective, Chevrolet is currently offering the 2012 Cruze sedan at $149 per month for two years with $1709 due at signing. The standard three-year lease on a 2013 Volt is currently set at $299 per month with $1529 down.
In the case of the deal Forbes found, the dealer the Volt was purchased from had already exceeded its sales goals for the model line. Roughly 15 percent of Chevy dealers have done just that, and are awarded an extra $500 in cash incentives. Another 2.5 percent of dealers have sold triple their targets and received an extra $2500, says Forbes. The $159/month deal came from a dealer that most likely fell into one of those two categories, as the buyer received $1000 in incentives on top of using their own $3000 cash back from a General Motors credit card. Rolled together with good credit, an ex-BMW-3 Series-owner was able to walk out the door with a brand-new Volt for almost no money at all.
So far, Chevrolet has sold just 13,497 Volts this year, which falls far short of GM's original goal of selling 35,000 to 40,000 of the EREVs in 2012. These deals on the Volt come hot on the heels of the car's Hamtramck, Michigan assembly plant being idled to help lower inventory levels. As of the plant shutdown last week, it was estimated that GM had an 84-day supply of the Volt.