I’m returning a 2014 Chevrolet Volt in about 2 weeks. I don’t need to get another car right away, but at some point I would like to.
If Volt leases were great right now I would know my next move. Unfortunately, the amazing Volt lease deals are gone. I’m opening this up to suggestions on what car to get next.
I’m willing to either lease or buy, depending on how great the deal is. I have a GM private offer which I can use for a $3k discount on most Chevrolet vehicles. Also works on Buick and Cadillac.
- Must be a 4-door sedan, hatchback, or wagon. No 2-door coupes/sports cars, no SUVs, no trucks, and no micro cars (Fiat 500e or Chevy Spark)
- If leasing, must be less than $250/mo + tax. Our Volt was $220/mo. Lower is definitely better.
- If buying, purchase price less than $25k all-in, after rebates and incentives. Lower is better generally.
- Must not be entirely electric. We have an electric car, so we need this one to be able to go on long trips using gasoline.
- Hybrid or Plug-in-hybrid type vehicle
Here are some options I’m considering:
Buy a Volt (base w/leather) if I can get a big dealer discount (e.g. $6-7k) that gets me close to $20k out-the-door (including 9% tax here in the SF Bay Area, $7500 fed rebate, my $3000 private offer, dealer discount). I’m assuming the resale value of the car will be about $13k in 3 yrs, so if I have unload the Volt in 3 yrs I’m out about $7k, which makes about $200/mo.
Buy a different Chevy car. Malibu maybe? Reasoning is that I can use the $3000 private offer and maybe get a steal.
Lease an Accord/Camry/other? I’d love a MB E300 loaner, but I’m not willing to go over $300/mo.
What other cars should I be considering? Any deals out there that I should be looking into? I’m in the SF Bay Area.