Browsing TrueCar’s top lease deals for July, 2012 yielded an interesting find; a lease deal on the Chevrolet Volt that specifically excludes HOV-lane qualified versions.
A previous blow-out special in February, 2012 involved the “Quad $0” lease deal, and specifically excluded HOV-capable Volts, as a means of clearing out excess inventory that caused the plant to idle for a period of time. While the Quad $0 program offered a $0 security deposit, down payment, cash due at signing and first month’s payment, monthly payments worked out to between $369 and $425 a month, and only allowed 12,000 miles a year. The deal was only available in California as a means of clearing out models that didn’t quality for the HOV lane.
The new deal cited by TrueCar offers a lower monthly payment ($299) and up to 36,000 miles. Chevrolet’s own website, using ZIP codes in both the Los Angeles and Miami areas (just for comparison), offer a 24 month, $249 per month lease with $2,479 due at signing and 12,000 miles per year. Both leases specifically exclude the “PCV” low emissions version that qualifies for PZEV status. Lease deals like this may help spur some more Volt sales in other parts of the country, but given the importance of HOV access in California, it likely won’t help much in those parts. Inventory for the Volt, as of June 1st, is at 90 days supply, up from 71 days on May 1st.