According to KBB, the average transaction price for a new electric vehicle rose 1.8% in March, compared with a 17% year-over-year increase. Hopefully that rise will be reversed with an expected increase in supply, thanks to Chevrolet resuming production of the Bolt as well as a number of affordable EV models that are expected to hit dealerships by the end of it. of the year. However, if you have an ICE or a short-range electric and want to take advantage of its high trade-in value before used car prices drop againhere are some of the available options to consider.
As always, check out our electric vehicle price guide and electric vehicle rental guide for prices and deals on electric vehicles in the United States.
Chevrolet Bolt EV and EUV
Chevy restarted production of the Bolt EV and EUV a few weeks ago and now offers some of the best electric vehicle leasing terms available. Consumers residing in the Southwest region of the United States, specifically California, Arizona, Nevada, and Utah, get the best deal at $199/month for 36 months, $2519 upon signing up a Bolt EV, which runs at an effective cost of $263/month before taxes and license. The larger Bolt EUV comes with slightly higher monthly and upfront costs that average $285/month.
Consumers in the northeast region of the country are being offered less attractive terms that translate to an effective cost of $342/month for the Bolt EV and $334/month for the Bolt EUV. Note that these rental terms are listed for returning renters; others will have to pay an additional $750 up front. Either way, Chevy’s leases on the Bolt lineup have the cheapest terms in the country for an electric vehicle that can go more than 200 miles on a single charge.
As for pricing, most Chevy dealerships we checked this month are listing their Bolt inventory at MSRP or slightly above — for now. Several quick queries on various new car pricing websites indicate that the market price for the Bolt lineup can range from a $701 markup to an $897 discount to MSRP. Search for deals on a Chevrolet Bolt EV or EUV bolt in your region.
2022 Chevrolet Bolt EV Key Stats: MSRP $32,495 (1LT). 5-seat, 4-door crossover. Range: 259 miles. Cargo space: 16.6 cu. ft.; 57 cubic feet with the rear seats folded down. 0-60mph: 6.5s.
2022 Chevrolet Bolt EUV Key Stats: MSRP $34,495 (LT). 5-seat, 4-door crossover. Range: 247 miles. Cargo space: 16.3 cu. ft.; 56.9 cu. ft. with rear seats folded down. 0-60mph: 6.7s.
Kia’s highly anticipated EV6 began arriving at dealerships across the country in February. Offered in three trim levels, two drivetrain configurations and two battery capacities, its MSRP starts at $42,115 for a rear-drive EV6 Light with a 58 kWh battery that offers 232 miles of range and tops out at $55,900. for the all-wheel-drive all-wheel-drive EV6 GT-Line with a 77.4 kWh battery that’s good for a range of 274 miles. Buyers who need more range can go up to 310 miles by choosing a rear-drive EV6 equipped with the 77.4 kWh battery which, in Wind trim, has an MSRP of $48,255. The EV6 is eligible for the $7,500 federal electric vehicle tax credit.
Kia does not currently offer any unconditional cashback offers for the EV6 on its website. However, their build and price tool estimates lease terms that incorporate a lease cash incentive of $1,000.
For the EV6 Wind RWD, the pricing tool estimates a payment of $648/month over a three-year lease term with a down payment of $2,000, for an effective monthly cost of $722/month. Curiously, the estimate for an EV6 Light RWD is only $7 cheaper to rent despite its $6100 price advantage. And, interestingly, the lease estimate for the GT-Line AWD works out to an effective cost of $862/month, which is oddly close to the effective lease cost of a Tesla Model Y.
The market price of the EV6 has steadily increased since its introduction. When we started tracking the EV6 in February, fair market value on vehicle pricing websites averaged 4.5% above MSRP during the initial increase in available stock. Its average soared to 5.8% from MSRP in March as this stock was scooped up by eager consumers. This month, the average increase is 7.1%, likely due to continued supply constraints on all electric vehicles, compounded by increased demand driven by record gasoline prices. Currently, the EV6 Wind trim level seems to be the most popular configuration in stock and in transit to dealers, which currently commands an average markup of $4,718.
Framingham Kia in Massachusetts, Carson’s Kia in the Los Angeles area, and Russ Darrow Kia In Wisconsin, three dealerships we found during our monthly EV price survey listed their EV6 stock at MSRP. Check Kia EV6 availability and pricing in your area.
2022 Kia EV6 Key Stats: MSRP from $42,115 (Light RWD) to $55,900 (GT-Line AWD). 5-seat, 4-door crossover. Range: 232 mi (Light RWD SR), 310 mi (Wind RWD LR), 274 mi (AWD LR). Cargo space: 24.4 cu. ft.; 50.2 cu. ft. with rear seats folded down. 0-100km/h: 8s(RWD SR), 7.4s(RWD LR), 5.1s(AWD)
Hyundai Ioniq 5
Hyundai’s Ioniq 5 started showing up in dealerships about a month before its platform sibling, the Kia EV6. And like the EV6, the market price of the Ioniq 5 has steadily increased since, now averaging 6% above MSRP, based on data gathered from various pricing websites. new cars. Right now, the most available configuration seems to be the base SE trim level with all-wheel drive, which currently commands an average markup of $2,602 – possibly substantial, but significantly lower than the “market fit” five figures that many dealerships post on their websites.
An enthusiastic Ioniq 5 buyer I met at a local EVgo charging station, a former Subaru WRX STi owner, said he ventured just 20 minutes outside of our valley and had struck the deal on its all-wheel-drive SE for just $1,200 off the MSRP—a far cry from the $10,000 markup demanded by our local dealer. A recent audit in this part of the country shows that Mission Hills Hyundai in the Los Angeles area has all of its EV6 stock at a $1495 markup. Even better, there are more than a handful of dealers across the country that list their Ioniq 5 stock at MSRP. Most of these dealerships have the “Hyundai Shopper Assurance” logo displayed on their website, indicating that the price they advertise on their website is the price you pay.
A $500 rebate on the Ioniq 5 is available for buyers who finance through Hyundai. No factory rental offers are available at this time. Hyundai electric vehicles are eligible for the $7,500 federal electric vehicle tax credit. Find the best Hyundai Ioniq 5 prices near you.
2022 Hyundai Ioniq 5 Key Stats: MSRP $39,700 (SE RWD) to $55,745 (Limited AWD). 5-seat, 4-door crossover. Range: 220 mi (RWD SR), 303 mi (RWD LR), 256 mi (AWD LR). Cargo space: 27.2 cubic feet; 59.3 cu. ft. with rear seats folded down. 0-60mph: 7.4s (RWD LR), 5.2s (AWD).
Ford Mustang Mach-E: Ford’s website as well as at least one automotive classifieds website indicate hundreds, if not thousands, of Mach-Es available across the country. However, exploration of individual dealer websites reveals that nearly all of these vehicles are either in transit or on order. Actual availability remains very slim, allowing dealers to charge an average premium of around $2,800 over MSRP based on data gathered from vehicle pricing websites. There is a wide variation in the data, ranging from 1% discounts to markups north of 20% – shopping around and taking the time to bargain should pay off well. Check Ford Mustang Mach-E availability in your area.
VW ID.4: National inventory is very thin, perhaps only a handful of 2021 models in the major metropolitan areas we checked. A given dealer may show one or two in stock, but what they have is usually marked “Pending Sale” or “Dealer Demo – Not For Sale”. With production reportedly reduced by supply chain issues caused by Russia’s invasion of Ukraine, the 2022 models have not yet made an appearance in the United States. The good news is that if you do manage to find one for sale, VW dealerships don’t seem to be shamelessly ripping off their customers, selling what they have at an average markup of just under $500. Find an ID.4 at a dealer near you.
Nissan LEAF: Obsessed with paying less than MSRP? Well, based on data gathered from auto pricing websites, a 2022 LEAF costs an average of $167 below MSRP. But there aren’t many – perhaps Nissan is focusing its resources on producing the Ariya. Negotiation is still key, as data shows wide variation in prices paid, especially in the San Francisco/San Jose area. Look for Nissan LEAF offers at a local dealership.
As always, check out our Electric Vehicle Price Guide and Electric Vehicle Rental Guide for prices and deals on electric vehicles in the United States.
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