General Motors Company (NYSE:GM) is adding incentives to the Chevrolet Volt as part of a plan to reduce their inventory. GM is preparing to start the production of the 2014 model of the vehicle. GM currently has a 140-day supply of the currency Chevy Volt model, which is more than double what analysts believe are healthy.
GM started offering $5,000 off the 2012 Volts and $4,000 off the 2013 Volts recently. The suggested retail price of the Volt is $39,995. Buyers can also receive up to $7,500 in federal income tax credits.
GM spokesperson Jim Cain said that the Volt discounts started on June 4th in order to reach more customers that drive more miles than a lease permits. This deal may also be appealing to those who do not qualify for a 0% financing deal.
Consumers that want to lease a Volt can get one for $269 per month over 36 months with $2,399 due at signing. A Volt can also be purchased with 0% financing for 48 months and $3,000 in cash off the price. The cash off and 0% financing deal is running through July 1st.