Fortunately, the 2023 Chevrolet Bolt EV and EUV are eligible for the new $7,500 tax credit
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by Brad Anderson
3 hours ago
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by Brad Anderson
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The Chevrolet Bolt EV and Bolt EUV are no longer eligible for promotional financing, a bulletin sent to Chevrolet dealerships last week has revealed.
The Bolt EV and Bolt EUV were in the headlines last year after prices for the regular model were slashed by up to $5,900 while the EUV’s price was cut by as much as $6,300. At the same time, buyers could get the duo at interest rates starting at 0 percent APR and 72-month financing deals from 1.9 percent APR.
However, Cars Direct has revealed that as of last month, the best rate available from GM Financial was 6.49 percent on loans of 72 months. It’s not all bad news, however, as both the Bolt EV and EUV qualify for the $7,500 federal tax credit through the U.S. Inflation Reduction Act.
At the start of January, Chevrolet separately announced that starting prices for the 2023 Bolt EV have jumped $900 from last year while the Bolt EUV is now $600 pricier than mid-2022. Cars Direct notes that 2022 Bolt EVs left in Chevy’s stock are available with a $5,000 rebate while Bolt EUVs in stock are eligible for a $5,700 rebate.
The changes mean that buying a 2023 Bolt EV or a Bolt EUV is likely a smarter move for many consumers rather than leasing one, particularly compared to last year. Nevertheless, both models still represent good value for money.
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