Connect with us

Hi, what are you looking for?

CleanTechnica
Image: CleanTechnica

Cars

Lease A 2020 Chevy Bolt From Costco For Just $154 A Month

COSTCO customers could lease a new 2020 Chevy Bolt for as low as $154 a month, subject to certain terms and conditions.

Savvy shoppers in the US can now lease a brand new 2020 Chevy Bolt for as little as $154 a month through COSTCO. There are terms and conditions, which we will explain, but the bottom line is, if you qualify you could be driving an electric car for less than what some people pay for gas each month.

Here’s the good news, according to Cars Direct. Chevy sent a bulletin to its dealers last week advising them that COSTCO members are now eligible for a $3,000 bonus when buying or leasing with a dealer in Costco’s network. If you’re planning to lease, the offer can be combined with a $5,750 national lease incentive for $8,750 in potential savings.

Chevy is also offering a $1,500 bonus if the buyer is currently leasing a 2015 or newer GM product (or that of a competitor) for a total of $10,250 in savings. As a result, the 2020 Bolt LT can be leased for as little as $194 for 36 months with $194 due at signing in most parts of the country based on a 12,000 mile/year lease.

OK. Where does the $154 a month figure come from? Glad you asked. That’s where the terms and conditions start to apply. If you live in the San Francisco area, you are eligible for an additional bonus of $1,400. With that bonus, the lease payment becomes $154 a month with $154 down.

Cars Direct says the effective cost is $158 a month, so don’t get mad at us if your actual lease winds up costing you $4 a month more than the figure quoted in the headline. All in all, that’s a heck of a deal for a car that lists for $38,245 including destination charges. But wait, there’s more. For those able to take advantage of California’s $2,000 Clean Vehicle Rebate, the lease payment could go even lower.

Leasing not your thing? The $3,000 COSTCO bonus can be combined with GM’s $8,500 rebate on the Bolt for total savings of $11,500. Finance through GM Financial and get $7,750 total cash back (including the $3,000 COSTCO bonus) and 0% APR financing for 72 months.

Now let’s get to the details. To take advantage of these offers, people must have been members of COSTCO as of September 1. Or they can join up at any COSTCO store that opened after August 31, 2020. In addition, Cars Direct says, “local availability may affect pricing and choices could be limited based on the number of participating Costco Auto Program dealers near you.”

The program ends January 4, 2021, but Cars Direct warns that GM could make changes to the various incentives or adjust terms like the residual value or money factor that apply to those leases which could result in higher monthly payment sat any time. So if you are interested in a super cheap deal on a Chevy Bolt, iron while the striking is hot!


Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Written By

Steve writes about the interface between technology and sustainability from his homes in Florida and Connecticut or anywhere else the Singularity may lead him. You can follow him on Twitter but not on any social media platforms run by evil overlords like Facebook.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Batteries

GM says it has a software fix for 2017 -2019 Chevy Bolts whose batteries may catch fire.

Cars

Plugin vehicle registrations were up an impressive 173% last month, to some 531,000 units. That made March the second best month ever for plugin...

Cars

Talking or writing about electric vehicles, we typically try to keep context in mind and add useful context whenever possible. One thing specifically that...

Cars

We’ve gotten some great electric vehicle news this week in the United States — the Chevy Bolt EV had a record 1st quarter, the...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.