Lenders reluctant to lend on old chevy VOLTS ????
I am buying a chevy VOLT from a local chevrolet dealer for $10-12k.
I put $2k down but the lender insists they want more b/c they only value the car at $9k. It is a 2013 with 100,000 miles.
I was also shocked to find that no 1 has an extended warranty that will cover the VOLTEC battery.
I find this to be a shame b/c this is a great used affordable car. I have the funds & credit but I imagine this will steer other buyers away from this useful vehicle. Evs are not going to make a major changes in the market until you get can get quality used ones for $10-15k. Most car buyers do not want to pay $60-80k for some sporty EV SUV. I think the model Y is the best thing out there but I’d rather have 2 volts/bolts + solar panels for $80k.