Buyers can now lease the 2013 Chevrolet Volt for only $159 per month

Article by Christian A., on September 10, 2012

The price tag on the 2013 Chevrolet Volt still says $39,995, (which include destination costs) even when the numerous rebates are considered. Because of a federal rebate amounting to $7500, the buyers in the U.S. don’t really pay $40,000. But now, buyers can lease a 2013 Volt for just $159 per month.

Forbes said that several Chevrolet dealerships were able to sell 2012 and 2013 Volts with huge discounts. The new report showed that a buyer can lease a brand-new Volt for two years for only $159 each month without having to make a down payment.

In comparison, Chevrolet offers the 2012 Cruze sedan at $149 per month for two years with $1709 to be paid during the signing. The 2013 Volt is available with a standard three-year lease for $299 each month, needing $1529 down.

Forbes found a dealership whose Volt purchases had already surpassed its sales targets for the model line. About 15% of Chevrolet dealerships have accomplished that and so they will be getting $500 more in cash incentives. Forbes said that about 2.5% of dealers will receive an additional $2,500 since they have sold three times what they had aimed for. The $159/month deal was from a dealer that would most probably be in either of these categories.

The buyer got an extra $1000 in incentives aside from the $3000 cash back from a General Motors credit card. Meanwhile, a former owner of a BMW-3 Series model had such a good credit that he went home with a new Volt for nearly no money at all.

To date, Chevrolet sold only 13,497 Volts this year, which is very far from GM’s initial target of selling 35,000 to 40,000 of the EREVs in 2012. Right before these deals on the Volt, the car’s Hamtramck, Michigan assembly plant had been idled to help reduce the inventory levels. There was an 84-day supply of the Volt on the day of the plant shutdown last week.

The Voltec propulsion system, the ingenious system sitting at the heart of the Chevrolet Volt, is a combination of pure electric drive and an efficient, range-extending engine allowing a maximum range of 350 miles.

A 5.5-foot, 435-pound (198.1 kg) T-shaped, 16-kWh lithium-ion battery pack made in Brownstown Township, Michigan, supplies energy to the Chevrolet Volt’s 111-kW (149-hp) electric drive unit. Depending on the terrain, driving techniques as well as temperature, the Volt can deliver between 25 and 50 miles of all-electric driving (fuel- and tailpipe emissions-free) using only the energy stored in its battery.

In terms of value for money, safety, quality, performance, durability and reliability, the Chevrolet Volt battery is worth every penny. More than one million miles and four million hours of validation testing of Volt battery packs and each of its nine modules and 288 prismatic cells have been completed since 2007 by GM’s engineers to ensure quality. Even the development, validation and test teams have been through numerous specifications to validate each of the 161 components of the Volt battery, 95% of which are designed and engineered by General Motors.

GM Executive Director, Global Electrical Systems, Micky Bly believes that by committing to this kind of technology, humanity’s dependence on petroleum may be reduced while General Motors, in turn, commits to deliver to their customers the highest standards in terms of value, safety, quality, performance and reliability.

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