The 2023 Chevy Bolt Loses Financing Deals As Tax Credit Kicks In

If it seemed too good to be true, it likely was. So is the case in Chevrolet’s discounts on the Bolt EVs and EUVs. The brand had announced last year that it would be lowering the price of its electric vehicles to make them more obtainable without the tax credit. Now that the tides have changed and the Bolt will again qualify for a tax credit, Chevy’s financing discounts to make up the difference are disappearing, Cars Direct reports.

After a rough 2021, Chevy made the Bolt one of the best EV deals on the market by slashing prices. Things got better if you were able to pick one up with a financing deal. A low 0 percent APR for 72 months isn’t bad on an EV that costs less than $30,000.

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But for 2023, things may have gotten a bit worse for people that were still trying to score a deal on a Bolt. Financing any vehicle across the industry has gotten substantially worse. The Bolt, was no better with Cars Direct finding on financing on a Bolt at 6.49 percent for 72 months through GM Financial. The rate certainly sucks, but at least the Bolt and Bolt EUV qualify for the tax credit again.