GM just gave the Chevy Bolt a $4,750 discount as part of their coronavirus relief package. With this, the Chevy Bolt Premier can be had for $36,000, or the LT for only $29,000. This is one of the most affordable EVs we’ve ever seen, but you have to act fast, this discount is only available till the end of April.

To get yourself a new discounted Chevy Bolt you just need to pay tax, title, license, and dealer fees. Elektrek confirmed with GM that this offer includes 0% APR financing for 72 months. Though JD Power says this can be extended up to 84 months. Certain buyers may be qualified to not make any payments for 120 days. This is in addition to the existing $8,500 GM Consumer Cash discount, as reported by InsideEVs.

You must have your new Chevy Bolt delivered before April 30th though, so if you’ve been waiting for a good deal on an EV now is the time. The 259 mile range of the Bolt LT is definitely competitive. And at only $29,000 this is probably the best deal I have ever seen on an EV.

Just hope that you can find one. A combination of great Q1 sales and factory shutdowns has lead to a shortage of Chevy Bolts. But check your local dealers, if you can find a Chevy Bolt available this is a deal I would absolutely not pass up on.

Coronavirus relief

The automotive industry as a whole is hurting from the effects of the coronavirus. Sales are down across the board. These companies need to find some way to incentivize buying a new car as people are locked up in their houses. I see this discount as a fire sale, trying to boost record low demand.

This isn’t a point against GM though, discounts are always a good thing. Obviously people who have lost their job due to the coronavirus aren’t going to be looking to buy a brand new car. But overall GM’s handling of the coronavirus pandemic has been very admirable.

As part of this relief package, they’ve waived all late fees from March 1st to April 30th. Customers can also request to defer payments if needed, though than the can also choose to just make payments late to avoid extra interest. They’re also automatically extended leases nearing the end of their term. GM seems very committed to making sure their customers aren’t hurt if they’ve been affected by the coronavirus.

Workers build the first production ventilators at the General Motors manufacturing facility in Kokomo, Indiana, Monday, April 13, 2020. GM and Ventec Life Systems are partnering to produce Ventec critical care ventilators in response to the COVID-19 pandemic. (Photo by AJ Mast for General Motors)

They’ve been working on producing ventilators, and the announced on Tuesday that their ventilators are ready for delivery. They’re going to ship over 600 ventilators just this month. Nearly half of the 30,000 ventilators ordered by the U.S. Department of Health and Human Services will be delivered by the end of June.

Overall, I’m impressed with GM’s handling of the coronavirus. While a discounted Chevy Bolt sounds nice, the financial assistance they’re awarding their customers is crucial. Allowing customers to defer payments could prevent many people from defaulting on loans which would only make this economic crisis worse. Giving a 1-month extension on a lease is pretty simple. But for those under economic hardship not having to immediately worry about finding a new car can be a godsend.

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