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I have a 2016 Volt and am considering a 2019 Bolt or Volt, but am curious as to the state of the federal rebate. This will determine whether I buy or lease, potentially. I know the federal rebate is expiring, but how can I best be assured to buy while the full rebate is still active? I don't want to buy, sign everything, then find the rebate just ended (I know it initially gets decreased). How can I avoid this? Surely it's not just 'buy and then hope for the best,' right? I don't want to buy and then be told that the full rebates 'just' ended. Thoughts?
 

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GM is close to the 200,000 deliveries that will trigger the phase out of its full $7500 credit but that has not yet happened.

The way it works is once they get to 200,000 the $7500 will remain for the rest of that quarter plus one additional quarter. From there, the credit will be phased out 50% per six months.

We'll find out next week (end of Q3) whether GM hits 200,000. If they don't, then you're assured the full $7500 through at least the end of March 2019. If they do, then you're assured through end of 2018.

Here's a decent summary: https://insideevs.com/top-6-automakers-200000-federal-tax-credit-limit/
 

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GM is close to the 200,000 deliveries that will trigger the phase out of its full $7500 credit but that has not yet happened.

The way it works is once they get to 200,000 the $7500 will remain for the rest of that quarter plus one additional quarter. From there, the credit will be phased out 50% per six months.

We'll find out next week (end of Q3) whether GM hits 200,000. If they don't, then you're assured the full $7500 through at least the end of March 2019. If they do, then you're assured through end of 2018.

Here's a decent summary: https://insideevs.com/top-6-automakers-200000-federal-tax-credit-limit/
Oh great, I didn't realize that. Makes sense. Thanks!
 

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Well you can always buy the car back. You are NOT required to pay the buy price on the contract. They will try to convince you that you have to but you don't. Look up the value of the car, blue book I think, and that is the price that the car is worth, not the higher contract price. There is a message here somewhere that goes over this a bit.

https://gm-volt.com/forum/showthrea...g-INFO-and-very-long&highlight=buy+back+lease
 

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My 2016 Volt lease was up next May, so I was in a similar position. I leased my 2016 from Tonkin Chevrolet in Portland and we loved the car, so we were thinking about buying it when the lease ended. But Tonkin called me a couple of weeks ago and wanted to buy out my lease and lease me a new 2018. Our 2016 was red with the black/brandy interior, but my wife always loved the Kinetic Blue, so now we're driving a new 2018 loaded blue Premier. This was almost a no-brainer since it didn't cost us a dime and the dealer gave us an extra grand in our pocket. Here's the deal:

You'll likely find that the dealer wholesale value on a low mileage 2016 Volt Premier is around $22K. You can verify this on kbb.com and do an Instant Cash Offer. You'll also likely find that your remaining payments plus the residual value of your lease (the price you would pay GM for the car) is around $20-21K. So that's why the dealers want to pay off your lease and take the car. They turn around and Certify them and sell them for $25-27K.

With the dealer and GM lease incentives, including the electric rebates, you can lease a brand new 2018 for the same as your existing lease on your 2016. Plus GM makes the first payment, pays for the license and title, so we were out the door with a new Volt for nothing out of pocket plus a check for another grand.

We were going to wait for the 2019's but we didn't like the new blue and especially didn't like the new two tone porcelain blue interior. The faster charging doesn't help me a bit since we charge plenty fast at home anyway. So we got exactly the car we wanted with a new warrantee and less monthly payments.

It was interesting to note that when I did the Kelly Blue Book Instant Cash deal, I started getting dealers calling me wanting me to sell my 2016 Volt to them and they were basically bidding on the car above the Instant Cash Value. They know it's a good deal for them, so you'll likely find you could sell your car for even more if you want to take the time to do it. This only works for leases that are almost paid up, because the buyout cost is lower than the wholesale value.

Here's our old and new Volts:

https://photos.app.goo.gl/Qa3Nm4rEeRQrQ5hd9

We loved the old one, and we love the new one even more. Our son in Portland did the same deal with his black 2016. He's now driving a black 2018 as well.

Check out the kbb Instant Cash Value and compare it to your lease residual plus your remaining payments.

Good luck,

Ray
 

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Well, it looks like you're good on Volts/Bolts, but if you want to eliminate your uncertainty, then it's best to order and take delivery before year-end. Then you can file your taxes early and apply your tax credit. Of course, if you file estimated taxes, you can adjust for your credit.
I have a 2016 Volt and am considering a 2019 Bolt or Volt, but am curious as to the state of the federal rebate. This will determine whether I buy or lease, potentially. I know the federal rebate is expiring, but how can I best be assured to buy while the full rebate is still active? I don't want to buy, sign everything, then find the rebate just ended (I know it initially gets decreased). How can I avoid this? Surely it's not just 'buy and then hope for the best,' right? I don't want to buy and then be told that the full rebates 'just' ended. Thoughts?
 

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Regardless of what happens to the rebates, I don't believe GM is going to let the price of the car rise that precipitously. They are likely to do something with rebates or otherwise to make sure they can still sell them around the same price.
 

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