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Chevy Steps Up Volt Sales Efforts With 'Quad $0' Lease In California

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2012 Chevrolet Volt

2012 Chevrolet Volt

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With last month's sales of the 2012 Chevy Volt less than half what they were in December, Chevrolet has stepped up its efforts to sell its innovative but pricey range-extended electric car.

And it's doing it the old-fashioned way, by "putting money on the hood," as salespeople say.

According to Chevy salesman and certified Volt specialist Randall Blaum, the company has come out with what it calls the "Quad $0" lease program for the 2012 Volt.

That means no down payment ($0 down), no security deposit ($0 deposit), no payment for the first month of the lease ($0 first payment), and no cash due when the sale is completed ($0 at signing).

Owners are still responsible for their local DMV and registration fees, plus a small amount in taxes that cannot legally be rolled into the lease amount.

The base payment on a 36-month lease ranges from $369 to $425 per month, depending on the options on the specific Volt leased, and allows 12,000 miles per year.

The base price of a 2012 Chevrolet Volt is $39,995, and adding a healthy number of options can take the price toward $45,000.

The downside to this seemingly attractive offer? It's only available in California--and it applies only to 2012 Volts built before production halted in mid-December.

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Those cars do not have a very desirable feature to be included in 2012 Volts built for sale in California when production restarts this month: the added emissions equipment to certify them as "electric Advanced Technology-Partial Zero Emission Vehicles."

Volts with that "e-AT-PZEV" certification qualify to receive one of 40,000 "green sticker" permits allowing owners to travel in High Occupancy Vehicle lanes with only a single occupant.

So California Volt buyers will need to assess carefully whether the financial advantages of the Quad $0 lease for an existing 2012 Volt outweigh the benefit of solo HOV-lane travel in an updated 2012 Volt later this year.

You can draw your own conclusions as to whether this will juice sales of the Volt in its most crucial market, or simply act as a clearance sale for cars that may be viewed as less desirable once newer 2012 models arrive at California dealers.

Meanwhile, Blaum says his dealership--Quality Chevrolet in Escondido, California--has 10 Volts that qualify for the Quad $0 lease in stock now.

In case you're interested.

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Comments (10)
  1. I thought we could have a 2011 Volt for a just $350/month lease. Guess people should have leased then.
     
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  2. @John. I can't speak for many dealers, only the 3-4 I dealt with at the time, but the $350/month lease was mostly mythical from my attempts to get a Volt last year. It ended up at $550-$650 at every dealer with the same 12k miles annually and few options. If I could get one even now for less than $500 I'd be interested...
     
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  3. That was my experience as well. Though, I was quoted with $6000 down I could get a Base model of the Volt for a Lease of $401/month.
     
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  4. I'm saving $30K over 9 years with my Volt versus my former SUV. That assumes gas doesn't rise. People don't think long term anymore or are too in debt to buy a car outright for the long term.

    MrEnergyCzar
     
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  5. everything ok until...12.000 miles a year max, that broke the deal at all :(
     
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  6. Now that GM considers leasing a car for a given time an actual sale, I reckon all the other dealers will have to start leasing and call the lease a sale. Why don't GM just lower the price of the Volt to $25,000 and call it a give away? That should get a lot of attention and increase leases (sales).
     
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  7. Yeah, well, I'm not driving from SW Florida to California to buy/lease their car. Sell it here, through local dealers and Chevy has a chance at my business. I suspect that they have figured out how to ship the cars to a state farther away and still make a few dollars. And, yes, as John Briggs said, the lease price used to be $350.00/ month
     
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  8. Any idea why its only in California? Any plans to expand to other states?
     
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  9. I was really pondering getting a Volt, but after seeing this article, I started seriously giving it a look. What was surprising is that every dealer I contacted did not know about the special lease. Once I told them, they usually called me back within a couple hours stating that they found it. That's when the fun started. I did even better than the lease. I got them to reduce the monthly payment by about $35 and I got the dealer to eat the doc fees and tax on the rebate (about $900). That made it a "penta-zero" lease. Just sign and drive without opening up the wallet. So, I have a $45k MSRP car, with nothing out of pocket, for $375 per month (plus tax). By the way, I had a Ford Fusion Hybrid, and the Volt is a clear upgrade.
     
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  10. Localities Get Up to $33,000 in Subsidies per Chevy Volt
    Thank you for spreading the word about National Legal and Policy Center.Submitted by Mark Modica on Mon, 04/23/2012 - 07:25
    Printer-friendlyEmail to friendA Jacksonville.com report gives a good explanation for why some Florida localities are purchasing Chevy Volts. When Jacksonville's chief of fleet management, Karim Kurji, was asked what the advantage of going green by purchasing Volts was he hit the nail on the head when he replied, "Federal money." The story goes on to reveal that the total federal taxpayer money used to subsidize one Chevy Volt purchased by Atlantic Beach was over $33,000. It now appears obvious that the Obama Administration and General Motors are willing to pay
     
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