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expiredphenyle posted Dec 23, 2022 07:22 PM
expiredphenyle posted Dec 23, 2022 07:22 PM

2023 Chevy Bolt $18100

$18,100

$25,600

29% off
501 Comments 236,900 Views
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https://electrek.co/2022/12/20/th...til-march/
YMMV and depends on how good your local dealer is willing to work with you. The response I have from mine is to wait till Jan 1 to get a quote and the OTD. Some of the rebates mentioned in the link are valid till Jan 3. So the above price is achievable if you take delivery between Jan 1 and Jan 3. Please post any responses that you receive from your local dealers here. At 18k this is a screaming deal. Hope folks are able to pull this off.

https://www.chevrolet.com/electric/bolt-ev
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https://electrek.co/2022/12/20/th...til-march/
YMMV and depends on how good your local dealer is willing to work with you. The response I have from mine is to wait till Jan 1 to get a quote and the OTD. Some of the rebates mentioned in the link are valid till Jan 3. So the above price is achievable if you take delivery between Jan 1 and Jan 3. Please post any responses that you receive from your local dealers here. At 18k this is a screaming deal. Hope folks are able to pull this off.

https://www.chevrolet.com/electric/bolt-ev

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501 Comments

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Dec 23, 2022 08:45 PM
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mason202Dec 23, 2022 08:45 PM
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10k markups all around me. I wish we could buy cars off the internet like Amazon
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Dec 23, 2022 08:47 PM
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Dec 23, 2022 08:47 PM
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ChargrDec 23, 2022 08:47 PM
989 Posts
Quote from RandomSDNeo :
Sorry, is there a income limit for the $7500 credit? Also, what's the dealer part here? I mean you just need to find a dealer that can give you the car between Jan 1st and 3rd. Is that it?
Yea there's an Income limit. You won't get the $7500 all at once if you don't make a large chunk of money (80k? More). Instead you will get the credit split over the next several years. Such as $2000 the first year
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Dec 23, 2022 08:47 PM
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Dec 23, 2022 08:48 PM
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topflight05Dec 23, 2022 08:48 PM
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Happy with my 2023 Bolt EUV. They pay for you to install a 240V charger in your house. It takes only 4 hours for me. Buy a Android AI Box and then you will have Infotainment better then any Tesla. Winter time I get 200mi and warmer temps I get 250+ mi.
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Dec 23, 2022 08:50 PM
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topflight05Dec 23, 2022 08:50 PM
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Quote from BudGober :
For 18k, you can get into a nice used Lexus IS that will outlive this junk 10 times over!
I have friends that own this and convinced me to get it and I've been very happy with it. Why do you think it's junk?
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Dec 23, 2022 08:51 PM
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Dec 23, 2022 08:52 PM
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gl21133Dec 23, 2022 08:52 PM
3,029 Posts
Quote from abc0001 :
You had an electric car and didn't think how to upgrade to a 240V over charging through a 15amp to make life easier? This has fake news all over the comment.
Depending on your use case 120V charging is plenty. We have a 2017 Bolt and still get by fine on 120. It's my wife's car, gets maybe 15 miles of usage a day and she plugs it in every few days to top it off.
Dec 23, 2022 08:52 PM
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cimoreneDec 23, 2022 08:52 PM
668 Posts
The article is wishful thinking. We should take down this post before a ton of people start calling Chevy dealers for a deal that does not exist.

There is NO reason to believe that just because there's a delay in clarifying the law they're just going to give the full tax 7500 incentive to everyone. It would make a lot more sense if they gave it to no one.
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Dec 23, 2022 08:53 PM
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weirdlyDec 23, 2022 08:53 PM
554 Posts
Think the new recall might lower availability?

https://www.greencarreports.com/n...cern-again
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Dec 23, 2022 08:53 PM
20 Posts
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jvahsholtzDec 23, 2022 08:53 PM
20 Posts
Quote from Quimby :
Following this and researching.

If I buy on Jan 1, 2023, should I then change my 2023 W-4 tax withholdings to a high number or exempt?

2021 I paid about $8700 in federal income taxes throughout the year, and owed 0 when I filed taxes.
Since the rebate won't result in a refund, I am trying to figure this out.

2023 will be similar income and deductions, very simple, basic earner

Since the tax credit will not result in a refund, I would need to owe for 2023. Is my thinking on target?.
You don't necessarily need to change your withholding. The federal tax credit is applied against how much total tax you owe (line 24 on the 1040), not how much you need to write a check for when you file your taxes. So if you will again have about $8700 in total taxes paid throughout the year in 2023, you would get the $7500 federal tax credit applied to your taxes when you file your 2023 taxes forms, regardless of how much you withheld.

Note though, the $7500 tax credit for the Bolt is probably only good for purchases before the end of March. After that, it will probably drop to $3750 when the Treasury Dept. finally releases their battery requirement info.
Dec 23, 2022 08:54 PM
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sixstringsrichDec 23, 2022 08:54 PM
594 Posts
Quote from TimTam42 :
Incoming +$7,500 market adjustment.
Can you expand on that?
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Dec 23, 2022 08:54 PM
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missellieDec 23, 2022 08:54 PM
3,496 Posts
Quote from RandomSDNeo :
Sorry, is there a income limit for the $7500 credit? Also, what's the dealer part here? I mean you just need to find a dealer that can give you the car between Jan 1st and 3rd. Is that it?
Yes, unfortunately there are income caps. Would rather have the Lexus RX Hybrid.

https://www.cnbc.com/2022/10/15/the-7500-electric-vehicle-tax-credits-full-value-may-be-hard-to-get.... [cnbc.com]
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Dec 23, 2022 08:57 PM
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jchu14Dec 23, 2022 08:57 PM
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Quote from SteveLi44 :
I've done extensive research the lastr few days... The Bolt EV will only get 3750 in federal rebates and thats only after 1/1 and thats only if you have that much tax liability...

Still, its a great deal...

As for charging speed... This is true...
The special part of this deal is that the IRS released guidance [electrek.co] saying that the battery sourcing and critical mineral requirement part of the IRA is being delayed to March 2023. So the Bolt will qualify for the full $7500 until March 2023 when US Treasury releases a full list of how much each vehicle would qualify for.

So this is a short window that you can get $7500 rather than $3750 that GM said the Bolt would qualify [gmauthority.com] for.

It's true that this is not a refundable tax credit. So the buyer do need that much tax liability to get that back. However, just to be clear (not directed at you specifically since it's a common misconception), that doesn't mean that the buyer would have to owe IRS $7500 when filing taxes. You just have to have $7500 in total liability.

So a single filer with no dependents would only need to make $67,000 gross to have that much liability. So it's extremely likely the buyer would qualify for the full $7500 if you're looking at buying a new car unless they have a few dependents that they get tax credit for.
Last edited by jchu14 December 23, 2022 at 02:08 PM.
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Dec 23, 2022 08:59 PM
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Southpaw32Dec 23, 2022 08:59 PM
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I picked up a Bolt EUV 2022 in Aug, and LOVE it.
It's our "second" vehicle, and mainly used for commuting, but I have taken in on a few trips.
There is a TON of F.U.D. (fear, uncertainty and doubt) that people/bots/big oil try to spread. Honestly, I've really enjoyed the car, and found it easy.
Just get a 240 outlet installed at your house and charging is easy. (I saw someone bitching about 3-4 miles per hour charger at home, that's through a 110/120 outlet.)

The Bolt is the entry level EV. It's not a Tesla or a Ford Mach-E or anything like that. It doesn't have ALL the bells and whistles. It doesn't go as fast on the top end, it's fastest charging speed at a Level 3 charger is slower than others, but it's still a very good vehicle, and easy to own.
I'm saving a ton in gas money.

This is a great deal!
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