jazusamo: GE has not begun purchasing Volts in any significant numbers yet. In March, with 2289 Volt sales, only 160 of those 2289 were to fleet customers. Just sayin...
NY Times Chevy Volt Criticism Confounds Proponents
Actually, Mr. Modica must not have read the article, since he only notes that the “report by the NY Times that it would take up to 27 years for Chevy Volt buyers”. The report also says that a Volt “payback time could drop to about eight years if gas cost $5 a gallon and the driver remained exclusively on battery power.”
The 27-year figure cited is only true for someone who drives 131 miles each time the Volt is fully charged. Not very realistic. As an average American driver (30-mile round trip commute), and a Volt owner, my ‘payback’ happened in the first week I had my Volt, when I stopped sending my money to support Hugo Chavez and the Saudis.
I estimate that I gave each of those regimes $2000 since 9/11/01. In the year that I have driven my Volt, my ‘donations’ to Al Qaeda’s Madrassa’s and Hugo Chavez’s tyranny have been cut by 90%. The fact that, given my driving pattern, the extra cost of the Volt will be paid back in 10 years is just icing on the cake.
Now tell me how the finance numbers work out on leasing a $42,000 Vehicle that cheap.
A base model MBZ C Class has a $34,000 MSRP and the typical 36 Month Lease is $449.00 a Month with $4,000 Down.
The answer of course is that GM, currently indebted to the Taxpayers for about $50,000,000,000, is keeping the $7500 Tax Credit as the Down Payment on the Volt Lease.
Even with those Lease terms, they only sold a few thousand Volts in March?