After months of rumors suggesting that the 2011 Chevrolet Volt would start at around $40,000, General Motors has announced that the base price will be: $41,000, including the $720 destination fee.
Volt intenders who are looking to save a bit of cash should lease instead of buying, since the monthly payment will be $350 for a three-year lease with a $2,500 down payment. Compared to the 2011 Nissan Leaf, which has a lower purchase price, that monthly payment is only a dollar higher.
A federal electric-vehicle tax credit of $7,500 will apply to the Volt, but it goes to the lessor, not the buyer.
GM is offering such low lease prices because the company expects demand to outstrip supply for at least the first two years of production, keeping residual values high. Also, a 8-year, 100,000-mile warranty will help.
The Volt, which uses a gasoline engine to charge the electric motor that powers the vehicle, will be more expensive than the all-electric Leaf, which checks in at $32,780. Tax credits of $7,500 will be available to buyers of both the Leaf and Volt.
The Volt will offer only four options, including a premium trim package, a rear-view camera, parking assist, and premium polished wheels. A fully-loaded Volt will set buyers back $44,600 when the car starts arriving at dealers in November.
Interested? Go to GetMyVolt.com to register as a buyer.