Looking To Spur Sales, GM Offers Attractive Lease For Chevy Volt

The Chevy Volt can’t seem to catch a break; after much-ado-about-nothing regarding the NHTSA investigation into the Volt’s battery pack, sales have slowed and seem stuck in a slump. GM sold just over 600 Volts last month. In the hope of spurring Volt sales and leases, GM will soon offer its California customers $0 down, $0 security, $0 for the first payment and $0 cash at purchase for a 36 month lease on the Volt. But is that enough to convince buyers to give the Volt a try?

It could be. Right now GM offers the Chevy Volt with a base price of $39,995, or a $369 a month lease with about $3,000 down (depending on where you live.) That isn’t cheap, but take away the down payment and security department, and you’re suddenly left with a $369 to $425 a month payment, depending on what options you want on your Volt.

The lease is for a 36 months and 12,000 miles per-year, and depending on how much you drive, the payback could begin almost immediately. Rated at up to 35 miles in all-electric mode, early adopters like Jay Leno have gone 11,000 miles on a half-tank of gas, getting in excess of 2,000 MPG.

Unfortunately this generous lease offer only applies to 2012 model year Volts, which have seen sales fall off in the wake of the NHTSA investigation. Until GM can find a way to make the Volt more accessible to Americans on a budget, I fear Volt sales will continue to stagnate. GM wants to sell 45,000 Volts in 2012, which means about 3,500 cars per month. GM is a long way from reaching that number though. Is this lease offer a sign of GM’s desperation? Could be. I hope it works out for them… but things aren’t looking good for the Volt these days.

Christopher DeMorro

A writer and gearhead who loves all things automotive, from hybrids to HEMIs, can be found wrenching or writing- or else, he's running, because he's one of those crazy people who gets enjoyment from running insane distances.