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expired Posted by trinifawk • Mar 2, 2021
expired Posted by trinifawk • Mar 2, 2021

Costco Members: Purchase or Lease 2020 or 2021 Chevrolet Bolt EV, Get

$3000 Off

Costco Wholesale
791 Comments 276,685 Views
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Deal Details
Costco Wholesale has for its Members: Purchase or Lease 2020 or 2021 Chevrolet Bolt EV and get costco member-only incentive of $3000 Off (see instructions below).

Thanks to community members trinifawk and DontBreakMy20 for sharing this deal.

Instructions
  1. Click here to sign up for the promotion
    • Note, you must be a current Costco member as of March 1, 2021 to get this deal.
  2. Click on "Get Started"
  3. Register to receive your certificate with a unique promotion code by entering your information
  4. Present a digital or printed copy of your certificate to any Chevrolet dealership to receive your exclusive value
    • For Costco Members in California, see this post for an example deal [discuss]

Editor's Notes

Written by qwikwit | Staff
  • Offer Terms
    • The member who is present at the dealership must match the name on the certificate to redeem incentive. Certificate is not transferable.
    • Valid until April 30th, 2021.
  • About this deal:
    • This promotion can be combined with other manufacturer incentives to further your savings. You may also want to check your specific state for rebate offers. See forum thread for additional discussion and ideas.
  • About this product:

Original Post

Written by trinifawk
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Costco Wholesale has for its Members: Purchase or Lease 2020 or 2021 Chevrolet Bolt EV and get costco member-only incentive of $3000 Off (see instructions below).

Thanks to community members trinifawk and DontBreakMy20 for sharing this deal.

Instructions
  1. Click here to sign up for the promotion
    • Note, you must be a current Costco member as of March 1, 2021 to get this deal.
  2. Click on "Get Started"
  3. Register to receive your certificate with a unique promotion code by entering your information
  4. Present a digital or printed copy of your certificate to any Chevrolet dealership to receive your exclusive value
    • For Costco Members in California, see this post for an example deal [discuss]

Editor's Notes

Written by qwikwit | Staff
  • Offer Terms
    • The member who is present at the dealership must match the name on the certificate to redeem incentive. Certificate is not transferable.
    • Valid until April 30th, 2021.
  • About this deal:
    • This promotion can be combined with other manufacturer incentives to further your savings. You may also want to check your specific state for rebate offers. See forum thread for additional discussion and ideas.
  • About this product:

Original Post

Written by trinifawk

Community Voting

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+128
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Top Comments

NOT 2020 or 2021 years
Your best deal, especially if you live in a state that subsidizes electric vehicles, is to do a single pay lease for 3 years. It will be almost free with all incentives stacked.
Yes the $46,000 Model 3 LR with its 82kWhr battery, has more range than a $22,000 Bolt with its 66kWhr battery. Thank you for that insight.

791 Comments

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Mar 15, 2021
263 Posts
Joined Oct 2020
Mar 15, 2021
Kimjongun2020
Mar 15, 2021
263 Posts
Quote from JohnJ2305 :
Everyday spending 5 min in a garage plugging in. No thanks.
Darn lazy millennial with no concept of history. Back in the 80's we still had to warm up the car in the morning for several minutes. About half an hour on a really cold day. About an hour if the drive was uphill. Make that two hours if the trip was uphill both ways.
3
1
Mar 15, 2021
3,247 Posts
Joined Jan 2015
Mar 15, 2021
kenpet
Mar 15, 2021
3,247 Posts
Quote from 5117 :
  • 3yr lease
  • 1pay amount was $5400
    • NJ refunded $5000 of that
    • Got $260 back from my credit card
    • Ended up paying $240.

So not free, but pretty darn close, and many ppl were better than me at negotiating.
Thank you so much. Repped.

Is the rebate ongoing right now? Do you recommend the car? What dealership and how many miles per year lease? Which model of Bolt? Did you use this $3000 cert from Costco? Appreciate if you have link to the rebate. Thanks
Mar 15, 2021
37,844 Posts
Joined May 2007
Mar 15, 2021
rrc06
Mar 15, 2021
37,844 Posts
Quote from 91LT250R :
No, YOU changed the topic. You mentioned steal the vote and I said it didn't exist. You then said there was photo evidence. Now you're claiming I changed the narrative.
Yawn
4
Mar 15, 2021
39,031 Posts
Joined Nov 2005
Mar 15, 2021
Dr. J
Mar 15, 2021
39,031 Posts
Quote from JohnJ2305 :
Everyday spending 5 min in a garage plugging in. No thanks.
Worst part would be "oh shit I forgot to plug it in" in the morning then realizing you can't get to work, or maybe an emergency.
1
Mar 15, 2021
432 Posts
Joined Aug 2005
Mar 15, 2021
stoneagee
Mar 15, 2021
432 Posts
Quote from Dr. J :
Worst part would be "oh shit I forgot to plug it in" in the morning then realizing you can't get to work, or maybe an emergency.
Then that's why you need a second car, or Uber time. And don't forget kicking yourself for not plug it in.
1
Mar 15, 2021
39,031 Posts
Joined Nov 2005
Mar 15, 2021
Dr. J
Mar 15, 2021
39,031 Posts
Quote from stoneagee :
Then that's why you need a second car, or Uber time. And don't forget kicking yourself for not plug it in.

I lurk on EV threads always looking to see if it's worth getting one of these cheapies just for a daily driver, but the math never works out and frankly never will it seems - my cost differential from driving an ICE SUV to an average EV is just a few cents/mile for me - even just paying the insurance on the EV won't pay for itself every year, let alone paying to lease or buy it.

[And not a lot of Ubers around here..... and a 40 mile commute would be $$$$]
3
Mar 15, 2021
1,509 Posts
Joined Feb 2010
Mar 15, 2021
nojmplease
Mar 15, 2021
1,509 Posts
Quote from WhyUCryin :
Isn't there a difference in future value? If buying that is. Would probably be worth getting the newer model. Opens up next owner options on sell time.
Personally, I wouldn't buy one of these (or any EV) given how quickly the tech is advancing. I did a one-pay lease on a Bolt, which essentially amounts to paying ~$2k/year to drive a brand new EV without fear of the depreciation mystery after 3 years.

I can't imagine that you'd ever recoup that $2k difference upon resale, especially when there are no differences between a 2020 and a 2021 model.

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Mar 15, 2021
1,509 Posts
Joined Feb 2010
Mar 15, 2021
nojmplease
Mar 15, 2021
1,509 Posts

Our community has rated this post as helpful. If you agree, why not thank nojmplease

Quote from wad2k6 :
Unrelated question but, I see people doing one time lease payments. I've never leased, but I always heard it was a bad idea to put any money down on lease because if there was an accident, with car totalled, the down payment money is gone.

Anyone know if this is true, and what about people making the one time lease payments. How would insurance handle a total loss?
GM's ​one-pay lease is covered by gap insurance, so you're fine.

The warning over money down on a lease is when it you contribute money upfront for capital cost reduction (which reduces the total amount you are financing). A one-pay lease is paying the entirety of the lease payments upfront. The advantage with one-pay here is that you get a substantially reduced money factor (i.e. interest rate).
1
Mar 15, 2021
2,003 Posts
Joined Oct 2003
Mar 15, 2021
MUCHO
Mar 15, 2021
2,003 Posts
Quote from DrYou :
The Spark is a Chevy EV currently for sale, it's the entry EV from Chevy. The EV1 was an electric vehicle Chevy made a long time ago then had some shady things happen where they recalled all of them and destroyed them.
Are you talking to me? I was asking the poster what they were trying to say because it was quite confusing. Speaking of which, what part of my comment made you think I was ignorant of what the Spark and EV1 are?

You're wrong about everything you say about the EV1. First, it was not made by Chevy and they were not recalled and destroyed. General Motors produced the EV1 and they were distributed through their Saturn retail network in only a few markets. They were only available as a lease with no buyout option. This choice was made because if they made them available for purchase they would have been required to continue to produce parts for years as required by law. GM lost a lot of money on each EV1 they leased. The first gen had a battery issue that could cause a fire so they were recalled and reissued with the second gen batteries.

Here's an idea. Maybe you should have a basic clue of what you're talking about before you decide to post. Roll Eyes (Sarcastic)
Mar 15, 2021
167 Posts
Joined Oct 2011
Mar 15, 2021
BurnedIn
Mar 15, 2021
167 Posts
Quote from 5117 :
  • 3yr lease
  • 1pay amount was $5400
    • NJ refunded $5000 of that
    • Got $260 back from my credit card
    • Ended up paying $240.

So not free, but pretty darn close, and many ppl were better than me at negotiating.
Anything like this in NYC?
Mar 15, 2021
613 Posts
Joined Feb 2015
Mar 15, 2021
WhyUCryin
Mar 15, 2021
613 Posts
Quote from nojmplease :
Personally, I wouldn't buy one of these (or any EV) given how quickly the tech is advancing. I did a one-pay lease on a Bolt, which essentially amounts to paying ~$2k/year to drive a brand new EV without fear of the depreciation mystery after 3 years.

I can't imagine that you'd ever recoup that $2k difference upon resale, especially when there are no differences between a 2020 and a 2021 model.
I agree with the no difference in tech and quick advances going forward. When power windows became standard, there's still a group of people that wanted rollers.
There is probably always a difference in value based on model year. For a 20-30k car, hard to believe it's not at least 2k for awhile...
Mar 15, 2021
1,879 Posts
Joined Apr 2006
Mar 15, 2021
DontBreakMy20
Mar 15, 2021
1,879 Posts
Quote from young3 :
What was the cost difference with having a competitors current lease? I am pretty much in the same wheelhouse as you (qualify as a teacher) and live in san jose, I just don't currently have a lease.
You lose 1500 incentive
Mar 15, 2021
1,509 Posts
Joined Feb 2010
Mar 15, 2021
nojmplease
Mar 15, 2021
1,509 Posts
Quote from BurnedIn :
Anything like this in NYC?
NY State doesn't have the insane rebate that NJ does ($5k!) but it does have a decent $2k point of sale rebate for EVs. Trouble is, because it is a dealer rebate as opposed to a post-sale credit, a lot of NY dealers seem to bake that into the pricing.
Mar 15, 2021
24 Posts
Joined Aug 2017
Mar 15, 2021
5117
Mar 15, 2021
24 Posts
Quote from kenpet :
Thank you so much. Repped.

Is the rebate ongoing right now? Do you recommend the car? What dealership and how many miles per year lease? Which model of Bolt? Did you use this $3000 cert from Costco? Appreciate if you have link to the rebate. ThanksThi
Apologies, this was in Q4 when the NJ rebate was active, so while same negotiated discount can be achieved now, the price would be significantly worse. Yes - There was an identical Costco rebate then and I used it.

Car is great for my purposes, but its driving does not compare to the bmw 6 that I switched from. I barely drive now.

I got 2020 because 2021 was not in production at the time.

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Mar 15, 2021
3,247 Posts
Joined Jan 2015
Mar 15, 2021
kenpet
Mar 15, 2021
3,247 Posts
Quote from 5117 :
Apologies, this was in Q4 when the NJ rebate was active, so while same negotiated discount can be achieved now, the price would be significantly worse. Yes - There was an identical Costco rebate then and I used it.

Car is great for my purposes, but its driving does not compare to the bmw 6 that I switched from. I barely drive now.

I got 2020 because 2021 was not in production at the time.
Thanks. One more question. If I were to lease now the same car using the same terms, it would be $8400? 8400 - 3000 Costco cert - 5000 NJ rebate = $400, which is what you paid, correct? Does the math look OK? Not sure how $3k Costco cert is accounted for in price. Thanks

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