It looks like my LT may have sold already but the dealer who had it has a bunch of them and they were asking 18k for a similar car… branded title and all!
I think a low mile 2020 Bolt for $12k is a deal, I would have bought one locally if they were available, heck if I hadn’t have leased the Ariya, I would have been tempted to buy mine back.
Curious what the MMR is on these, like $10k, seems nuts to me.
I get carvana emails about the two I had sometimes. Offers are WAY lower than 10k but I think that a branded title screws with their algorithm quite a bit.
What is branded title? Thanks
It may vary from state to state but generally, a car that has been bought back by the manufacturer is “branded” as a Lemon on the title. It generally makes the vehicle worth less than a traditionally titled vehicle and can be difficult to secure financing for.
I certainly would have bought back my 2020 Bolt for $8k net!
Do these have swapped batteries or the original battery?
I feel like the 2020’s probably didn’t get them, they weren’t really the issue
I was able to swap into a 2023 Bolt Premier Redline (with SuperCruise) from the lease I signed for a 2021 Bolt. My lease ends in March and my buyout price is $23,300 for the 2023 Premier (has 5K miles).
Should I buy it out? I am on a onepay for $6,500 ($180/month) and I don’t think there are any leases out there even close to that right now.
Thoughts?
Are you sure You want to buy it?
Here on east coast we have some
This is my situation as well, though I have 15k miles on mine. I’m buying it out. I can’t get a better equipped EV for $23k right now and I don’t qualify for any tax credits. If you qualify for tax credits, you may want to consider one of the used buybacks though I doubt you’ll get anything newer than MY21 EV. Super cruise is super clutch and I can’t live without it. The EV is also significantly uglier than the EUV
Edit: Just read that supercruise costs $25/mo after first 3 years. I’m going to learn to live without it.
Our situation exactly. One pay on our 2020 Premier ends in April, buyout is $20.5K. We do qualify for the tax credit, and are looking at a lease or purchase of a more upscale EV like XC40, ID4, or Solterra. Our Bolt is on its third battery (last replaced in January 24), and we’re done with the brand.
To be honest, I really enjoy using SuperCruise, but agree will have to ween off at the right time. Luckily I have it for a couple more years.
I’ve come to same conclusion on my end - can’t find anything better equipped at that $23K price point. If anyone has other suggestions, please shoot them my way.
Has anyone ever done a lease extension with GM? If yes, how do they work - can I keep same monthly payment amount?
Polestar 2? Its about 5k more expensive but faster/better infotainment
Great info thanks for sharing. The used Bolts with 50k+ miles are selling for about the same or maybe just $1k less than the ones with 20k miles.
One month extension allowed. This is it.
If Your are on east coast- Nissan Ariya
Why do you think market value of this car is $23k?
Have You checked used car market prices?
In 6 years this car will be worth not more than $5k.
Your TCO for 6 years will be around $28k - $5k unless You pay cash.
$28000÷72= $388.
$5000÷72= $70.
TCO = $318/m.
Not mentioning about at least one new set of tires and some maintenance.
Even if this math checked out, there isn’t a better optioned EUV for any cheaper. Plus then I’d have to spend another $800 tinting the windows and wait 6 months for another HOV sticker. Remind me in 6 years to check the market value, though I doubt I’ll keep it that long. Deals are improving and I imagine we’ll be back to having unicorn hacks again in a year or two