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Chevrolet Bolt EVs Are Really Cheap to Lease Right Now

Car and Driver logo Car and Driver 1/15/2020 Connor Hoffman
 
a car parked on the side of a mountain: The 2020 Chevrolet Bolt’s exterior may look unchanged to the untrained eye, but the more important changes are hidden beneath its skin. Read the full story here.
  • Chevrolet dealers are currently offering up to $10,000 in lease incentives for the 2020 Bolt EV.
  • All customers get an $8500 discount, while current lessees are offered an additional $1500 in loyalty bonuses.
  • That means certain customers could get a three-year lease at around $169 a month for an EV that now has a EPA-estimated 259-mile range.

The all-electric Chevrolet Bolt EV is now available with about $10,000 in lease incentives. The 2020 Bolt EV has an EPA-estimated driving range of 259 miles, up from a previous 238 miles.

Research the Chevrolet Bolt EV on MSN Autos | Find a Chevrolet Bolt near you

Customers in San Francisco, according to dealer ads, could get an additional $1400 bonus, which would mean that they could have the opportunity to get a three-year lease at around $169 a month. The $10,000 is only for customers who already lease a Chevy Volt or a Bolt EV—all customers get an $8500 discount, while current lease customers can get an additional $1500. We found Bolt EVs at our local Suburban Chevrolet of Ann Arbor, Michigan, with the $8500 offer in "customer cash."

a red car parked on the side of a road: The all-electric hatch can be had with up to $10,000 in lease incentives.© Chevrolet The all-electric hatch can be had with up to $10,000 in lease incentives.

As for purchasing the car, a dealer in Miami, Florida, has a loaded Chevrolet Bolt Premier listed with a $14,370 incentive, bringing the price down below $30,000 before the federal EV incentive. And an LT model is available for under $28,000 in Oregon, according to a report on Electrek. The Chevrolet Bolt LT's purchase price starts at $37,495, with Premier models starting at $41,895.

For 2020, the Chevy Bolt EV has an EPA-estimated range of 259 miles, up from 238. Chevrolet says that the 8 percent increase is thanks to a change in the chemistry of the cell electrodes in the lithium-ion battery. Its energy capacity is now up from 60.0 kWh to 66.0 kWh. This increased range now helps it beat a a few newer competitors, including the Hyundai Kona Electric (EPA-rated 258 miles), the Kia Soul EV (243 miles), the Tesla Model 3 Standard Range plus (240 miles), and the Kia Niro EV (239 miles).

Research the Chevrolet Bolt EV on MSN Autos | Find a Chevrolet Bolt near you

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