Talk about a letdown. Surely you remember the back and forth, and back again when it came to the Volt’s price. First it was under $30k, then over $40k, then low thirties, etc etc. At least that soap opera is over… though I don’t think it’s good news for Chevy or for would-be Volt buyers.
Forty grand buys a lot of car these days – trying to peddle a $41k *base* Volt is a tough pill to swallow, no matter how magical the technology under the hood may be. Surely you remember that the Volt’s closest (though admittedly quite different) competitor, the 2011 Nissan Leaf, starts at just $32,780k – $7k cheaper.
The Silver Lining
Similar to the Leaf ($1999 down, $349/mo), the 2011 Volt is being introduced with an attractive lease program. In the Volt’s case, it’s $2500 down, $350 per month for 36 months. So if you’ll consider a lease, the Volt will run you just $500 more than the Leaf. That’s certainly not enough of a difference to sway you one way or the other – the car itself will be the deciding factor.
The reason Chevy can offer such an attractive lease is because the feds are throwing in a $7,500 tax credit. The full amount is applied to the lease, drastically reducing payments.