That really depends; do you expect to have sufficient taxable income in 2018? What about in 2019? You need to have a federal income tax liability of at least $7500, in the calendar year you purchase a qualifying vehicle, to take full advantage of the tax credit. The credit will be the full $7500 for Q1 but should drop to half ($3750) by Q2, Q3, then 25% and finally it will go away unless Congress extends the tax credit (seems unlikely.) Any deals you are likely to see will be from GM such as Employee Pricing on qualifying GM vehicles. Also, right now with a Costco Premium membership you can earn a $500 Costco cash card when you purchase a 2018 GM vehicle and $700 cash card when you purchase a 2019 GM vehicle.If GM halts production of Gen 2 Chevy Volt in March of 2019, is it a good idea to buy a Volt now (December 2018) or wait for a possible better deal in the first quarter of 2019 when the 7.5K federal tax credit is still available?
Normally, I would say you're right. But these aren't normal times. As someone who has bought two Volts already, I can say that I never saw good deals on the current model year in December because a LOT of buyers want that instant tax credit. HOWEVER, this market is now all messed up with the pending end of the Volt and the end of the tax credit. The danger for you is that come March 2019 you may only have a VERY limited number of Volts left hanging around, which means lower supply + pending higher demand with end of tax credit, and prices may be worse than they are now.If I am right, the March 2019 net prices may be better than December 2018. But if I am wrong......
I've been looking for a deal like that but haven't found one. Where are you seeing those kinds of discounts? Locally in Phoenix, I see dealers offering $7k, but most of the discounts are bogus, like $2,500 of "trade assistance". And I'm not a current lessee, so I can't take advantage of lease loyalty discounts either. Anyway, would love to know where I can get $11k off.I think the biggest issue with the 2019 right now is that the dealers are crazy focused on clearing out the 2018s. Absolutely INSANE deals on them. I'm seeing advertised up to 11K off MSRP! That means you can absolutely get a good deal once you walk in and negotiate.
Yes some of the “deals” require a “loyalty lease” discount situation as above. I was glad to get a real 7500 off list in November. 9k off list is a great deal. Looks like they have added a new GM 2k cash back incentive until Jan. 2 that I wish we could have had, but I didn’t want to take a chance there wouldn’t be inventory left in late December regarding the tax credit. Good for you.In Milwaukee I just got $9k off MSRP and could have done even better if I had been leasing a car with another company (another $1-1.5k rebate). This is the first time I've seen real deals on volts in the last 3 years.
Ted Britt in Sterling VA. Bought 2 volts there. Bonaminn in Manassas VA. (Bought one there). Koons in Tyson’s Corner VA. Lindsay in Woodbridge VA.Does anyone have any recommendations for dealers in VA or MD, PA? The dealers in NC are not very good with Volts and a lot are not even authorized to sell them.
The best deal I got ever on a Volt was at Jeff Barnes in Sykesville, Md. 14K off MSRP! Holy smokes. The catch is that it was a leftover model AND it was the last day of the month. I did the whole thing by phone with a willingness to "BUY TODAY" if we matched the price. Be prepared for a long drive if so. I think they may have a leftover '17 and '18 in stock.Does anyone have any recommendations for dealers in VA or MD, PA? The dealers in NC are not very good with Volts and a lot are not even authorized to sell them.
If you are coming up all this way definitely negotiate out a hard number over the phone first.The best deal I got ever on a Volt was at Jeff Barnes in Sykesville, Md. 14K off MSRP! Holy smokes. The catch is that it was a leftover model AND it was the last day of the month. I did the whole thing by phone with a willingness to "BUY TODAY" if we matched the price. Be prepared for a long drive if so. I think they may have a leftover '17 and '18 in stock.
Most of the MD dealers have some of the best prices nationwide, BUT my experience with some (outside of Barnes) was that they would advertise a lower price and then tack on excessive fees or come up with excuses why I didn't "qualify" for their advertised price. I one time drove 2 hours to a Maryland dealership after they agreed on the phone to give me a Volt LT for 26K. I showed up and they would only go to 28K with some BS that I didn't qualify. I told them they were dishonest and walked out. Waste of time.
Yes live and learn. Imagine the salesperson telling me flat out "Yes, we can do 26K on that Volt"--and that was NOT a hard number! What was wrong with me?!?!?If you are coming up all this way definitely negotiate out a hard number over the phone first.