Click to Skip Ad
Closing in...

Chevy does electric on the cheap: $300 a month for 238 miles of range

Chevy Bolt Lease

Teslas are fantastic in most every way, other than you have to sacrifice at least one organ to actually own one. Chevy’s all-electric Bolt hatchback solves that problem by packing over 200 miles of range into a $37,000 car. But according to new pricing details revealed today, there’s actually a much cheaper way to own one.

DON’T MISS: T-Mobile has some of the best Black Friday deals we’ve seen

The short story is, you can lease a Bolt for $309 a month and $0 down, after incentives. Leasehackr got the full details of GM Financial’s lease program. The exact pricing depends on which dealer you go to and which state you’re in, as a result of incentives. Leasehackr has a tool you can use to play with the details, but the overall picture looks very good for anyone who wants to own a new, cheap-to-run city car — basically the target market of the Bolt.

The monthly lease payment is a little higher than something like a Ford Focus, but considering the amount of money you save in gas, commuters and the like could be saving thousands of dollars a year overall. The lease option may also be more attractive to consumers who are worried about the long-term resale market for lower-end electric cars, which is still in its infancy, and less certain than those for internal-combustion-engined vehicles.

Most importantly, that $300 a month figure compares particularly well to Tesla’s cheapest lease option. There, you’re looking at $600 a month and $6,000 down, although you are getting a low-end Model S instead of a Chevy hatchback.

Popular News