2011 Chevrolet Volt pricing released…
General Motors’ vice-president of sales and marketing Joel Ewanick announced at the Plg-In 2010 conference in San Jose, CA on Tuesday that the 2011 Chevrolet Volt will have a vase price of $41,000 before federal and state tax incentives or $350 per month for a 36 month lease. Although this price is not as aggressive as most people had hoped for, the $350 for 36 month lease matches up pretty well with the monthly payment that Nissan is charging for the Leaf EV.
So what are these federal and state tax incentives? The effective purchase price will be cut to $33,500 with a $7,500 federal tax credit although this credit is applied on your next tax return, so you will have to finance $41,000 when purchasing the Volt. This incentive is also applied to the leasing deal.
What does this $41,000 car get you? The base price gets customers a very well equipped car that includes standard navigation with a seven-inch screen, an eight-year/100,000 mile battery warranty, Bluetooth connectivity, Bose audio system, and five years of OnStar service included. Not bad for a base model. The only other available options include heated leather seats, chrome wheels, three premium paint colors, and rear park assist.
GM states that whithin a year or two, they will begin to offer the Colt with less options and a lower price. The Volt foes on sale in December of this year in seven U.S. markets and GM expects it to be available nationally within 12-18 months. Although the base price seems high, GM is confident that the Volt will be successful and retain a high residual value at the end of the three-year lease. It is also expected that a few dealers will be temped to even charge an extra markup.
600 Chevrolet dealers in the December launch will be certified to sell and service the Volt. Customers can find these dealers through the http://getmyvolt.com website. To purchase a Volt, the customer must find a local dealer complete the process of filing out forms and paying an initial deposit similar to ordering any other car. Once ordered, a Volt customer service adviser will contact the customer and take them through a survey to determine if they are eligible for one of the free Department of Energy-funded home charging units from Coulomb Technologies or Ecotality. If the customer turns out not eligible, they will be referred to another charger supplier that GM will be working with. Also, customers do not have to get a 220-volt charger since the Volt’s 16 kilowatt-hour battery pack can be charged in just 8-10 hours from a 110 volt outlet.
We will provide further information on the Volt as the launch date approaches.
[Source: Autoblog, Detroit Free Press]
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