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Discussion Starter #1
Got in ST Louis from Webber. Pretty easy purchase, paid about MSRP but traded in a 2013 volt and was 10k upside down. 11k for a 29000 mile 2013 on trade. Yuk. Horrible wash job by dealer. Looking to get it detailed, possibly ceramic coated, and tint the windows. May try at plast dip on wheels this weekend. First time Dipper.

Loving how plush this 2017 feels though. So much less notice on generator (dealer delivered car minus any charge). With all the rain yesterday, found zero protection on doors. Opening in down pour and quickly closing door and inside of door was drenched. I ordered husky floor mats as the carpet already a mess in this rain. No homelink of course, so had to order a garage door remote as I lost mine.

All said I do love the upgrade so far.
 

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Maybe not enough coffee this am, but I can't make heads or tails out of your numbers. Are you saying you paid MSRP on a new 2017, then got 11K for your trade that you owed 21K on?

Gosh I hope I'm mis-understanding your numbers.
 

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Discussion Starter #4
Sorry, so not exact numbers, though I can get paperwork if true interest, but I owed 21800 on my 2013 volt. MSRP on my 2017 volt was like 46500. They gave me miserable 12 k for trade leaving me needing to finance 10,500 additional to pay off that vehicle. I guess I just trying to ease my guilt on not riding out the 2013, by saying I paid MSRP of 46500 and was able to get out of that loan as well. (Vs financing 10k more than MSRP to get out. ) make sense? Again can post actual numbers for contract if interested would help anyone.
 

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You'll get the tax credit though right?
 

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I guess I just trying to ease my guilt on not riding out the 2013, by saying I paid MSRP of 46500.
Still not quite getting it either.
Paying MSRP on the 2017 is a bad deal in itself, not sure how that eases your guilt of loosing 10k on the 2013...
As I read it you just cumulated two bad deals. No big deal if you can afford it, but nothing to be happy about either :)
 

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As long as you are happy all is good....but next time ask us before you pull the trigger and we can help you get a good deal.
 

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Discussion Starter #11
Wow, didn't expect the judgie comments. Wasn't saying it was a sound financial decision. Was just glad to get out if my 2013 while it was worth anything, and the fee extra Mike's if range will get me to and from work without being on gas. In any case, I love the new ride. Cheers.
 

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Discussion Starter #12
I actually think I got an ok deal. A premier at 35000. Better deals out there I am sure, but with the neg equity on the ok golt still only financed what amounts to full MSRP.
 

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What the OP is trying to say is that the dealer gave him $21,800 for his trade-in, eliminating the loan balance still owed on his 1st Volt. If he was truly $10,500 upside down on that car, he got a good deal at $46,500 - $10,500 = $35,000 for his new Volt Premier, with the federal tax credit still to come.

Of course, he has a high "mortgage" on his new Volt because of the bad situation on his 1st Volt. This new loan probably won't be any different, unless he can keep the car for 5 or 6 years.
 

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Discussion Starter #14
Close BillG. I got volt for 35500. Add the 11000 for the amount not covered by my trade I financed 46500. But yes, same payment as my old volt. I got it when first released, before the price drop.
 

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Just checking cars.com. Here in Portland Oregon area a new 2017 Volt Premier lowest price for around $35,000-$36,000. Of course a new 2017 LT Volt around $29,000 ($5,000 off M.S.R.P.). I'm sure the price will drop even lower toward the end of the month as the 2018 Volt are probably already on the assembly line, or close to it...
 

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I am in a similar situation as you. Except my case is a bit different.

I had a 2016 civic with low km, had to trade it in cause wife wanted me to have an SUV for our baby. It was a 2013 GMC Terrain with a V6, financed it, we both loved it except it was a guzzler for gas (<20 MOG on highway). Drive it for about 7,000 km, and the transmission starts to slip from 2-3, Power steering pump goes, the "new" brakes dealer put on we're already wearing, AWD transfer case was acting up, problem after problem. Tried to change fluids and all that with no luck.

Not only that, but the dealer I bought it from hid a bunch of rust that was just awful. Tried getting GM to warranty transmission and got denied due to "misuse" and lack of maintenance records, and pump was going to be $600. Rust was so bad that it was going to rot through in a couple years at most. The vehicle only had 70,000 km. I got screwed on my trade, since I had no other option (had to get a vehicle because I drive 110 km round trip every day) Learned my lesson. Bought the SUV from a VW dealer, which of course wouldn't acknowledge me after I started to complain.

I was upside down quite a bit by the time I figured out my trade value at the GM dealership, and thank god they had the $14k incentive in Ontario, which they applied to the sale of the vehicle. I was considering the Malibu or the Volt, but decided that electric would be better for my wallet, and the incentive really enticed me.
So basically, it's like I paid MSRP for the car and didn't get the incentive, and putting about $1.5k down, so still not too bad. I don't care, I'm going to pay the Volt off ASAP and hopefully put 400,000 km or more on it so it's not a big deal for me.

The reason I told my story, just letting you know you're not alone. Though if there wasn't anything wrong with your 2013 Volt, I would have kept it to be honest, if I was in your situation lol. I test drove a 2015 gen 1 and a 2017, and didn't mind either.


Sent from my iPhone using Tapatalk
 

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Hi klondikejimbo, I also have a Siren Red Premier and get compliments on the color regularly. Also plenty of praise on the Gen 2 body style. My favorites are "it doesn't look like an EV" or "Leaf" or "Prius".

I got it last year in August and did fair on my deal and of course would have done better to wait...but I needed it before my old truck with over 225K miles went kaput.

This was the first new car purchase of my life and was a reward for making it to 50. And if you knew my history...I was lucky to see 25!

I saved my butt off. However, I still got a llninja spanking. It is part of the love hazing with this crew. :p Welcome to the party. :cool: I was able to get a 0% interest loan and with every payment have no regrets. Even more so as we watch this fed tax credit go the way of the Dodo bird. With the current climate in DC, we may not see that kinda fed incentive again.

All this to say...Congratulations! Enjoy your bad self in this phenomenal car. No Regrets.
 

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I saved my butt off. However, I still got a llninja spanking. It is part of the love hazing with this crew. :p Welcome to the party. :cool: I was able to get a 0% interest loan and with every payment have no regrets.
We all got our quirks. And we all got different circumstances.

I was one of those folks that avidly followed the development of the Volt and swore I was gonna buy one right until the point where Chevy announce actual prices instead of the $25k number they'd been targeting. At which point, since I didn't have anywhere near that and had been laid off, I sunk half the severance into a much newer used car than the one I was fixing to the tune of $3-4k a year. (Late 90s is when Chevy figured out how to keep a car from rusting away faster than things like tie rods and control arms and brake lines fail.)

Then in 2015 my house burned down, no-longer-newer used car with it. Savings goes into replacing things, like "clothes, bed, pans, and professional reference books" and SOMETHING had to be financed. It was either going to be a car (at 4.5%) or the mattress and nightstand, couch and computer desk were going on credit cards at 18%. I picked "car" and after seeing a very nice Subaru Legacy Outback sold literally the afternoon before I was supposed to test drive it, there was a grey Volt on the lot. For $14k. With less than 25k miles on it. And a terrible, terrible decal on the sides. You know the one. That one.



They took off the decal, and I've paid the loan off as fast as I reasonably could. The household lives, and I've got a car at the same time I have socks and a drawer to put them in. The credit union holding the loan just sent me a statement saying "You know your next payment is due in August 2020, right?" and no, I'll be calling next month to get the payoff balance. Things happen. Circumstances are what they are, and seldom are they exactly as you or I would have them. Don't sweat the grumping from people that say "You did it all wrong!" They're probably speaking from a different position than the one you find yourself in. You're the only person that gets to decide what you need and which things you just want.
 

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We all got our quirks. And we all got different circumstances.... ...Don't sweat the grumping from people that say "You did it all wrong!" They're probably speaking from a different position than the one you find yourself in. You're the only person that gets to decide what you need and which things you just want.
Thanks for an eloquent post that said what sometimes needs to be said.
 

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Discussion Starter #20
Agree with the latter posts whole heartedly. My circumstances are decent and I treat myself with nice things on occasion. Never walked out of a car deal without feeling some buyers remorse, and I have owned quite a number of cars. Longest I I need was the 2013 volt, and my new 2017, I find myself happier I took the plunge every day. My 2013 my drive to work left me with 10 miles if range. I side trip and I was on gas. My drive to work today, 37 Mike's range left and I splurged on comfort blasting ac. Love the red, my polish and wax job last weekend just makes me drool. I may cry if it rains. I got my husky floor liners today, and my replacement garage door opener clipped to the visor. Would have preferred homelink but can't beat 15 dollars, plus remotes are smaller then they made them like my old one. I did curb hop going out parking garage, dinged a rear rim. Sigh...overall, living my decision.
 
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