Hacker News Reader

Comment by ramesh31 | Hacker News Reader

>The 2022 Bolt will have a starting price of $32k with a 65kWh battery, for example.

That's still a totally different class of car buyers. A "starting price" of $32k means no one is walking out the door with one under $40k total upfront cost. When I can walk into a dealership and finance something like that at $25k total loan amount, that changes everything.

View on HN

When I leased my 2020 Bolt, I could have walked out the door with it on a 24K loan instead. Given that GM chose to stick with the same basic drivetrain on the latest update, I don't expect that to change for the next few years. Excepting the current weird car market that has been momentarily turned upside down by the pandemic-related supply problems.

Even back in 2019, without federal incentives, people were walking out the door with new Bolts under $30k (including tax and registration). It’s more than possible - it’s already happened. The problem is that most Americans buying new vehicles don’t want an EV hatchback - they want either a Tesla or a non-EV SUV.

I literally bought a new Chevy Bolt in April for $22k total ($20k financed).

Is this including some kind of tax credit or subsidy or did you actually manage to get them to come down like $8k below MSRP??

>Is this including some kind of tax credit or subsidy or did you actually manage to get them to come down like $8k below MSRP??

Chevy is doing an $8k consumer cash program right now to clear the lots because they literally cannot sell the things >$30k.

Damn if I’d known about that I would have bought one instead of getting a Camry last month

It was a 2020 model, but it was all discounts by GM. The 2020s(and 2021s) had a higher MSRP, so it was actually closer to only 50% of MSRP that I paid. The extra $2k I didn't finance was tax, reg, etc.

Reply on news.ycombinator.com