Find a new dealer.
This depreciation is depressing
I've never owned a car thats falling this hard this fast, bought for under 20k used 2 years ago and now it's worth only 8k with only 20k more miles. I mean jeez, new German luxury cars don't depreciate that fast, it's really soul crushing to know i've still got a long while on my note before i have literally ANY equity in this car.
As a car enthusiast I usually buy used trade in every few years but this dang volt is worth so little that i doubt it will ever make sense to get rid of. Anyone else feel like buying a volt was a huge mistake? with gas prices as it is theres not really much savings to be had and due to the tech as it ages it will be impossible for anyone to work on but the dealership.
Also getting almost daily reduced propulsion error......dealership can't figure it out ><
As a car enthusiast I usually buy used trade in every few years but this dang volt is worth so little that i doubt it will ever make sense to get rid of. Anyone else feel like buying a volt was a huge mistake? with gas prices as it is theres not really much savings to be had and due to the tech as it ages it will be impossible for anyone to work on but the dealership.
Also getting almost daily reduced propulsion error......dealership can't figure it out ><
1 - 20 of 32 Posts
Look at the battery cooling system tank. Factory underfill or faulty fluid level sensors are a known issue.I've never owned a car thats falling this hard this fast, bought for under 20k used 2 years ago and now it's worth only 8k with only 20k more miles. I mean jeez, new German luxury cars don't depreciate that fast, it's really soul crushing to know i've still got a long while on my note before i have literally ANY equity in this car.
As a car enthusiast I usually buy used trade in every few years but this dang volt is worth so little that i doubt it will ever make sense to get rid of. Anyone else feel like buying a volt was a huge mistake? with gas prices as it is theres not really much savings to be had and due to the tech as it ages it will be impossible for anyone to work on but the dealership.
Also getting almost daily reduced propulsion error......dealership can't figure it out ><
The government programs that reduce sales price have a lot to do with it. And there were some heavy discounts in Dec 16.
The cheapest Volt on Cars.com with 40k miles is $10k base model. More typically $13k.
The $45k BMW i3 is now worth less than $20k 2 years later, even with less than 20k miles. I hate to say it, these cars will do that. The Bolt EV is going to be no different. Until the early adoption phase is done resale will be low unless there is very high demand for those models.
Take for example the Bolt EV. A Leaf 2 years ago cost about the same money with 1/3 the range and 1/2 the power, etc. It is going to drive the price down quickly, until we start getting only incremental updates. The Bolt EV will be crushed in price by newer cheaper models with the same range, but add features like self driving capability, etc.
Also, all the new EVs today, have a $7500 tax credit priced into them. That taken into account, and incentives to move the cars means people might only be paying $20 to $25k to buy a new Volt, so those getting the good deals might actually have pretty decent resale value. I know I over-paid for my Volt almost 3 years ago at over 20k, as only a few months later people were getting new cars for the same after tax rebates. I don't mind as my car was basically new at 9k miles, but still a bit annoying. The 3 year old Nissan Juke I traded in for it at $15k is still worth only a few thousand less than that and it would now be over 6 years old and I only paid $22k for it new.
Take for example the Bolt EV. A Leaf 2 years ago cost about the same money with 1/3 the range and 1/2 the power, etc. It is going to drive the price down quickly, until we start getting only incremental updates. The Bolt EV will be crushed in price by newer cheaper models with the same range, but add features like self driving capability, etc.
Also, all the new EVs today, have a $7500 tax credit priced into them. That taken into account, and incentives to move the cars means people might only be paying $20 to $25k to buy a new Volt, so those getting the good deals might actually have pretty decent resale value. I know I over-paid for my Volt almost 3 years ago at over 20k, as only a few months later people were getting new cars for the same after tax rebates. I don't mind as my car was basically new at 9k miles, but still a bit annoying. The 3 year old Nissan Juke I traded in for it at $15k is still worth only a few thousand less than that and it would now be over 6 years old and I only paid $22k for it new.
i bought a 13 with 30 for 13k leather heated safety package 1 and 2 no nav and bose is all that missing from what i can tell. i appreciate getting it for 13k because brand new it wasnt worth what many paid for it. i love the volt but lets be real here. its not a bmw or a mercedes...so expect this to happen with any car you buy.
if youre pacient, you can own a new model 3 years after it comes out once leases start to return for half of the price....do this with any other brand except for those that hold their value well. you can buy a tesla for 40K used...new used not some junky rusted car....why buy it new? bragging rights?
just food for thought
if youre pacient, you can own a new model 3 years after it comes out once leases start to return for half of the price....do this with any other brand except for those that hold their value well. you can buy a tesla for 40K used...new used not some junky rusted car....why buy it new? bragging rights?
just food for thought
This may not be any consolation, but my 2011 Leaf has probably depreciated faster than any EV on the market. With the degraded battery, it's strictly a car for local trips. I drive the Volt for longer trips.
I've done this twice now, I bought a 2007 chevy hhr with 41,000 in 2009 for $8500, and my 2013 Volt with 47,700 a month ago for $10,900. For me this is the sweet spot nowadays. I was amazed that I could buy it this cheaply, and I thank you early adopters for paying the premium prices!you can own a new model 3 years after it comes out once leases start to return for half of the pricet
Cars just have bad depreciation almost across the board- according to the GM Financial Guide the least depreciating vehicle i saw in in it is the Colorado.
Corvette owners complain about the same thing - and especially the options add only a small fraction of their initial cost to the resale.
Corvette owners complain about the same thing - and especially the options add only a small fraction of their initial cost to the resale.
Stop buying cars for 'equity' - this is a fools game. And, as you said, for EVs it is doubly so!I've never owned a car thats falling this hard this fast, bought for under 20k used 2 years ago and now it's worth only 8k with only 20k more miles. I mean jeez, new German luxury cars don't depreciate that fast, it's really soul crushing to know i've still got a long while on my note before i have literally ANY equity in this car.
The depreciation is only valid for who is doing it, not for the owner. You can sell it at any price you wish to! That is how some classic cars get auctioned. So ask more for the old car, unless you are going crazy to get rid of it.I've never owned a car thats falling this hard this fast, bought for under 20k used 2 years ago and now it's worth only 8k with only 20k more miles. I mean jeez, new German luxury cars don't depreciate that fast, it's really soul crushing to know i've still got a long while on my note before i have literally ANY equity in this car.
those of us to believe in buying a car, used or new, and driving it until the wheels fall off only have regrets if we happen to get a lemon. i expect to be in my recently purchased 2013 for a very long time. the car the Volt is now resting is a 2004 Caravan with 206,000 miles.
Stop buying cars for 'equity'
I thought cars were for transportation.
Automobiles are a pure consumable. Anyone who tries to tell you different is selling you something (probably an automobile...haha)
After a short string of fairly used-up cars I decided to try buying a new-off-the-lot one and see how that went. After keeping some pretty extensive records I have to say it wasn't worth it and I've only bought used since.
Of course buying used means the risk of you getting SEP (someone else's problem) but more often than not I've had supremely good value from my used vehicles as long as I used some care in the inspection before purchase. I'm also astounded at how new some of the used vehicles are. The last one I bought before the Volt had one previous owner and was 8 months old. She just didn't like it and I got a like new Gem for a freaking song.
After a short string of fairly used-up cars I decided to try buying a new-off-the-lot one and see how that went. After keeping some pretty extensive records I have to say it wasn't worth it and I've only bought used since.
Of course buying used means the risk of you getting SEP (someone else's problem) but more often than not I've had supremely good value from my used vehicles as long as I used some care in the inspection before purchase. I'm also astounded at how new some of the used vehicles are. The last one I bought before the Volt had one previous owner and was 8 months old. She just didn't like it and I got a like new Gem for a freaking song.
Yep, I paid 3x as much for my 2017 Volt as I did for my used 2013 a year ago. I figure I got 50% more car for 300% of the money. 
1) be glad you didn't buy it new.I've never owned a car thats falling this hard this fast, bought for under 20k used 2 years ago and now it's worth only 8k with only 20k more miles. I mean jeez, new German luxury cars don't depreciate that fast, it's really soul crushing to know i've still got a long while on my note before i have literally ANY equity in this car.
As a car enthusiast I usually buy used trade in every few years but this dang volt is worth so little that i doubt it will ever make sense to get rid of. Anyone else feel like buying a volt was a huge mistake? with gas prices as it is theres not really much savings to be had and due to the tech as it ages it will be impossible for anyone to work on but the dealership.
2) enjoy the fuel savings and don't worry too much about the resale price. Take the money you are saving and put it towards your loan (build equity faster).
3) The Volt is one of the best cars on the road. No regrets at all.
Sorry to hear you are getting the RPP error so frequently, find a dealership with a good Volt tech and stick with them.
-Derek
Volt still doesn't sell well because it is "too expensive". If depreciation is a big concern don't buy a Volt. For me the EV experience has a lot of value--and don't forget to add back maintenance savings to your depreciated value.
yeah i thought deprecation under 20k used would be mostly over little did i know it still had a long long way to the bottom of the curve.
Though i usually swap out cars every few years, volt is the only one that has literally tanked so much in value that it's impossible to do so. For the record i've had a kia soul, camaro ss, c6 corvette, srt8 magnum, 996 911 turbo, bmw 335i. The volt is the only one thats depreciated this insanely hard. I usually lose a little but never had i had a car lose more than half it's value USED in less than 2 years.
Though i usually swap out cars every few years, volt is the only one that has literally tanked so much in value that it's impossible to do so. For the record i've had a kia soul, camaro ss, c6 corvette, srt8 magnum, 996 911 turbo, bmw 335i. The volt is the only one thats depreciated this insanely hard. I usually lose a little but never had i had a car lose more than half it's value USED in less than 2 years.
I wish I still had my white 996 Turbo - sigh :-(..., 996 911 turbo, bmw 335i. The volt is the only one thats depreciated this insanely hard. I usually lose a little but never had i had a car lose more than half it's value USED in less than 2 years.
What did you buy used 2 years ago--a 2012? How many miles did it have? Gen 2 completely depressed Gen 1 values. It's like buying an iPhone 3S in the age of iPhone 7....bought for under 20k used 2 years ago and now it's worth only 8k with only 20k more miles.
As someone who has spent a LOT of time researching Volt prices, it's an OK value NEW but often a terrible value USED (based on listed prices). Most of the used Volts I see are at outrageously high prices. The main reason--tax credit. I see two-year-old 2015s listed for around 20K, which is silly because with the $7,500 tax credit, you're hugging the often-discounted 2017 LT territory with its greater range and connectivity.
Also, dealers always lowball on trade-in until you put real money on the table. Some dealer will always kick in more if they want to make a sale. Whoever told you it was worth $8k would probably give you $10k if a deal depended on it.
1 - 20 of 32 Posts
- This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
GM Volt Forum
A forum community dedicated to Chevy Volt electric car owners and enthusiasts. Come join the discussion about hybrid performance, modifications, classifieds, troubleshooting, maintenance, reviews, and more!
Full Forum Listing
Recommended Communities
