Should You Buy a Pre-Owned Chevrolet Volt?

The Chevrolet Volt has become a popular choice for hybrid and electric vehicle owners due to its unique dual-mode operation. Whether to purchase a pre-owned Volt or a new one can be a tricky decision. In this article, we will explore the benefits and drawbacks of buying a used Volt and help you make an informed choice.

My Experience with a Pre-Owned Volt

I recently acquired a 2017 Chevrolet Volt from GM Leasing via an auction. The car had only 14,500 miles on it and was sold for less than half of its original price. My only complaint is that the previous owner rarely charged the car or exceeded the 53-mile electric range. The lifetime miles per gallon (MPG) of this Volt was 65.4, which suggests the car was driven an average of 13.7 miles per day over 3 years.

Given that the car gets 42 miles per gallon when using the gas engine, it's clear that the Volt was primarily driven in electric mode. In fact, out of 14,500 miles, the car was driven for only 3,600 miles using the electric battery. After putting 1,000 miles on it, my lifetime MPG improved to 67.3, and I refueled only once, leaving half the tank full after two months.

Pros of Choosing a Pre-Owned Volt

Unique Battery Management

The Volt is designed to work as an EV for its battery's initial capacity, then as a hybrid with the gasoline motor generating electricity to power the car. One of its strengths is the 30-50-mile electric range, which means drivers can enjoy the benefits of electric driving without needing to recharge. The hybrid system also allows for an impressive fuel efficiency of 38-42 miles per gallon (MPG) in combined driving.

Reliability and Longevity

Although the Volt does have two complete drivetrains, which can complicate operation and increase potential points of failure, the electric components are generally more reliable. The battery has never experienced significant degradation, and electric motors are known for their durability. As an example, my mother's refrigerator has an electric motor that has been running for 35 years with no maintenance. Additionally, the Volt's gas system should last longer than in an internal combustion engine (ICE) vehicle, reducing the need for frequent repairs.

Cons to Consider

Complexity and Maintenance

Despite its reliability, the Volt's dual-drive system can be more complex to maintain. Failure points increase with the added components, which might lead to higher maintenance costs over time. Drivers should be prepared for the occasional need to service the hybrid components, which can include the electric motor, generator, and battery.

Financial Incentives and Savings

When deciding between a pre-owned or new Volt, financial incentives play a significant role. British Columbia, for instance, has a green initiative that provides a $5,000 rebate for purchasing a new or eligible used EV, such as the Volt. Additionally, the BC Scrap-It program offers $6,000 for my old ICE vehicle if I switch to a new or used EV. The dealer also had a factory incentive of $500 if I used one of their credit cards. This results in a $8,500 difference between a used and a new car in BC.

For BC residents, the cost of a used Volt between 2014-2016 is comparable to or slightly higher than the cost of a new 2017 model, which ranges from $2,000 to $3,000 more expensive. However, for those looking at vehicles below 2014, the price drops significantly, offering excellent deals on pre-owned Volts.

Conclusion

The decision to buy a pre-owned Chevrolet Volt ultimately depends on your priorities and financial situation. While pre-owned Volts offer a more affordable option, they may come with the challenge of maintenance and potential overuse of the gas engine. New Volts, on the other hand, provide a fresh and reliable vehicle with better financial incentives. Whether you choose a pre-owned or new Volt, you'll be investing in a car that balances the benefits of both electric and hybrid driving.