What is a Chevy Bolt worth?
The Chevrolet Bolt is an all-electric compact car that has gained popularity in recent years as a more affordable and eco-friendly alternative to traditional gasoline-powered vehicles. The value of a Chevy Bolt can vary depending on several factors, including the vehicle's age, mileage, condition, and location.
Factors Affecting Chevy Bolt Value
The value of a Chevy Bolt is primarily influenced by the following factors:
- Model Year: Newer Chevy Bolt models, such as the 2022 or 2023 models, will generally have a higher value than older models, like the 2017 or 2018 versions.
- Mileage: Chevy Bolts with lower mileage, typically under 50,000 miles, will have a higher value than those with higher mileage.
- Condition: The overall condition of the vehicle, including the interior, exterior, and any maintenance or repair history, will impact the Bolt's value.
- Location: The demand for Chevy Bolts can vary by region, with some areas having higher or lower prices based on local market conditions.
- Battery Capacity: The Chevy Bolt's battery capacity has increased over the years, with newer models offering a longer range. Bolts with higher battery capacity will generally have a higher value.
These factors, combined with the current market conditions and demand for electric vehicles, will determine the fair market value of a Chevy Bolt.
Typical Chevy Bolt Prices
According to recent data, the average price for a used Chevy Bolt can range from around $20,000 for a 2017 or 2018 model with higher mileage, to $35,000 or more for a 2022 or 2023 model with low mileage and excellent condition. 1 2 3
It's important to note that these are just general estimates, and the actual price of a Chevy Bolt can vary significantly based on the specific factors mentioned above. Consumers should research the current market prices and compare listings to determine a fair price for the Bolt they are interested in purchasing.
Does a Chevy Bolt hold its value?
A Chevrolet Bolt EV will depreciate 57% after 5 years and have a 5 year resale value of $14,706.
What is the trade-in value of the Chevy Bolt?
2023 Chevrolet Bolt EUV Depreciation
A 2023 Chevrolet Bolt EUV has depreciated $10,603 or 36% in the last 2 years and has a current resale value of $18,192 and trade-in value of $15,478.
Are Chevy bolts worth buying?
Highs Tempting starting price, spacious interior for a mini-car, reasonable driving range. Lows No all-wheel-drive option, feels like the low-cost solution it is. Verdict The all-electric Bolt EV's low, low starting price makes it an attractive electrified alternative to sexier and more costly EVs.
Why is Chevrolet Bolt so cheap?
And these $15,000 Bolts are the updated 2022 and 2023 models, offering a refreshed interior and exterior. These low prices are primarily due in part to Hertz offloading a bunch of its inventory. Of the 609 refreshed Bolt EVs listed on Cars.com, only about 100 are non-fleet models.
How much should I pay for Chevy Bolt?
The out-the-door price for the 2023 Chevrolet Bolt EV 1LT trim with options is $26,230 - this is based on an Edmunds Suggested Price of $24,591 and $1,639 in taxes and fees. Keep in mind that this does not include any finance charges, which will increase your out-the-door price.
Is the Chevy Bolt eligible for the $7500 tax credit?
As of January 1st, 2025, the Chevy Bolt EV and Chevy Bolt EUV are officially no longer eligible for the federal EV tax credit. Up until December 31st, 2024, buyers could get a tax credit of up to $7,500. This is unsurprising since these EVs have been out of production for over a year now, but now it's official.
How much can I sell my Chevy Bolt for?
6Edmunds Appraisal Report
driven per year, with no color or options selected. 2023 Chevrolet Bolt EV trade-in prices range from $14,644 - $20,894. Get a more accurate value for your car with the Edmunds appraisal tool.
Which electric car holds its value best?
Example electric car residual values after 3 years or 36,000 miles
- Porsche Taycan. 77.47%
- Mercedes-Benz EQC. 65.38%
- Tesla Model S Performance Ludicrous. 59.82%
- Tesla Model X Long Range. 58.81%
- Tesla Model 3 Long Range. 57.91%
What is the lifespan of a Chevy Bolt?
The battery in the Chevy Bolt EV or Bolt EUV is guaranteed to get at least 8 years or 100,000 miles out of a new battery. Keep reading to learn more about the longevity of EV batteries with Sunset Chevrolet.
What year is the bad Chevy Bolt?
On Tuesday, the National Highway Traffic Safety Administration posted a recall of 107 Chevrolet Bolt EVs and EUVs, which is an SUV-like styling of the vehicle, over a fire risk. This new recall covers model year 2020-22 Bolt vehicles that were previously repaired for such a risk.
