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- 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.
- Click on "Get Started"
- Register to receive your certificate with a unique promotion code by entering your information
- 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]
Top Comments
791 Comments
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Is this a good deal? Anyone here can help
You are correct.
It's more like 10-20x the battery volume right now.
For example Tesla shipped ten times the # of BEVs in 2020 that Ford hopes to ship in 2021.... With Ford saying their low output is specifically due to lack of batteries available to them.
Teslas 2021 BEV deliveries are expected to be about 15-20x Fords 2021 deliveries of same.
Mind you- the gap keeps increasing because Tesla has multiple additional battery factories and lines expected to come on line (or significantly increase output) by end of this year...
While Ford continues to have 0 battery manufacturing at all, basically having to beg for whatever 3rd parties can spare instead.... (and worse for them, the 3rd party they picked to supply for the F-150 got spanked by the ITC and told they can't actually sell their batteries because they stole a bunch of technology)
GM, at least, finally figured out maybe batteries are important for EVs- so they've got their first factory they hope to open next year, and at least 1 more on the drawing board already.
VW likewise, just this morning, mentioned their intent to build at least 6 battery factories (though total output by 2030 is still about 12x less than what Tesla has announced for that year)
So not free, but pretty darn close, and many ppl were better than me at negotiating.
I was so excited for a MY, watching videos like Out of Spec motoring channel had me wanting one, but after a test drive a few months ago, man... they can keep thing. Build quality was lacking and my F-150s ACC is smoother than Autopilot, which did stuff for seemingly NO reason.
I don't think the next three years will be as kind to Tesla. Rivian and Ford will have electric pickups out before that Cybertruck launches. GM is pushing hard on other EVs and Ford will continue to as well, and that's before we even get to the monster that is VW.
So much like stocks, previous performance is not indicative of future performance. The only thing Tesla has I am still wanting that Ford and GM and the others cannot match is the Supercharger network, which is for the most part outstanding.
The depreciation game when talking about the Bolt is nonsense also and not being approached in good faith. We leased a C-Max Energi a few years ago and it had the federal rebate, Ford rebates, and A-plan. When factored in, OTD was already about 40% below MSRP. I leased that thing for under $200/mo with taxes included, and it had every option you could get. The depreciation wasn't due to it being a bad car, that car was outstanding. It was just because you could get them new for that little, so why would the used market be higher.
So again, anyone claiming Tesla depreciation is a factor is both approaching the conversation in bad faith, and believing their depreciation rate is sustainable. Much like their stock price, it's very unlikely to be true. Everything else aside, their ongoing build quality, service, spare parts issues, etc, are not getting any better. My parents neighbor is in his 80s and is on his second Model X. They used to come to him for service and bring the vehicle back when done, but recently it wouldn't turn on at all, he called service, they sent someone to get it with a flat bed and took it to Ohio (he is in Michigan). They called and said it was fixed and he can come get it. In Ohio. He's 80.
It took a bunch of calls but they eventually brought it back to him, but said it was a one time service.
In comparison, I have a dozen Ford and Chevrolet dealership within 20 minutes of my home.
Lastly, another way of looking at giving Tesla $45k for a Model Y or 3 and getting $40k back in resale, is you had to part with $45k for 3 years. If I instead get a Bolt for $18k and sell it in 3 years for $14k, I am still way ahead if I was able to invest that extra money saved up front, and ESPECIALLY if you financed that MY or M3 and were paying interest for 3 years.
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https://slickdeals.net/f/14870752-march-and-april-costco-auto-incentive-3000-off-chevy-bolt-ev?v=1&p=145768
[And not a lot of Ubers around here..... and a 40 mile commute would be $$$$]
And Ev's are so much easier to drive for silly errands than it was driving my 400HP Bimmer, with a manual transmission, and finding a spot big enough and stressing about door dings. Also, don't have proof, but EVs, even without autopilot, seems to take less work to drive. I think it's the lack of vibration, noise, it's a much more relaxing drive.
Can you share your car's mpg, price for gas and price for electricity?
Not sure how strict they are with that.
as it's the leasing company that assumes the $7000 tax credit,
so you don't have to worry that you don't make enough money to pay enough in taxes to use up the credit.
Though when does congress vote on it and is the Cosco deal still on for double-dipping?
Can you share your car's mpg, price for gas and price for electricity?
Depends on where you live. I've been over this in the EV threads - asking if people have done paybacks (rare I get someone that has actually done a PBP, most will just rattle on about how their EV gives them a boner). Where I live, 1 gal of gas is about price equivalent to 12-14 kWh. The higher this number, the more beneficial going to an EV will be (in NV, the ratio is about 60). So, what this says is that our electricity is relatively expensive when compared to gasoline.
Right now using 66kWh and 259 mile range for the Bolt (wikipedia) and my SUV with current electric rates and gas prices (both going up but at least gas does come down occasionally.... a year ago right now I was paying $1.45!), the differential is 5.42 cents/mile. For 20k miles/yr, the EV would save me nearly $1100.
But don't forget, in order for the decision to make financial sense, what the car would save me per year should *more than pay for* its costs - under lease this would be the lease payment, insurance and taxes (CT charges property tax on cars). I bet my insurance on this car would be about $1000/yr (I'm not going to get a quote but we pay over $2000/yr for 2 cars now); Tax is complicated but about 2% of a book value (not same as NADA or Kelly, it's less, but if it's $30k for this car then the tax will be about $600.... this is just a rough estimate and it varies by year). Then add in the lease payment and we're WELL away from it ever being a viable option to carry a daily driver.
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