The 2017 Chevy Bolt EV may be the only game in town at its range-for-dollar level – if it’s in your town at all yet – but that’s not stopping GM from sweetening the deal with 2.9-percent financing.

Being offered first in California and Oregon, possibly other markets with many states expecting their first allocations early next year, the $37,495 Bolt EV is highly anticipated.

Dealer offers – even in states where the car is not yet for sale – tease the following proposition:

2017 CHEVROLET Bolt EV 2.9% APR for 60 months for qualified buyers. Monthly payment is $17.92 for every $1000 you finance. Example down payment: 18%. Some customers will not qualify. Take delivery by 11-30-2016. Residency restrictions apply. See Dealer for details.


Note the Nov. 30 deadline is essentially useless for regions where the car is not yet stocked – unless the automaker extends it or starts a new promo.

Criswell Chevrolet of Gaithersburg, Md – where we found this ad – is still put up the boilerplate text though it only might get the car by year’s end, and is not promising it before some time early next year.

Like other dealers, it is taking names and pre-orders for a list of in-cases antsy intenders to have first pick when the allocation is announced by the automaker.


But otherwise, you may ask, what kind of monthly payment would that be? Obviously it depends on how much you put down. Assuming qualified buyers put down the suggested 18 percent, and at a total sales price including tax and fees at $42,000, this would mean financing $34,440.

Multiplying 34.4 by $17.82, one arrives at a $616.45 monthly payment for 60 months. The vehicle is also eligible for a $7,500 federal tax credit, and state credits or rebates as the case may be.

One advantage GM is giving California, Oregon and possibly other states assuming buyers take one home before Dec. 31 is they will have next to no time to wait for tax time and recouping the federal credit.

By making the rest of the country wait possibly into the new year, this maximizes the lag time for the federal credit’s recouping.

But look at the bright side: When you do get one, you may have the only 238 mile, sub-$40,000 MSRP EV on your block this winter and spring.

Lease prices so far have not been spotted.

Hat tip to Brian Ro.