2011 Chevrolet Volt resale value comes in at $17,000 after 36-months

2011 Chevrolet Volt

Wondering how much a used Chevrolet Volt will cost you? According to Kelley Blue Book, a 2011 Chevrolet Volt will be worth just over $17,000 after 36 months, the length of a typical lease. That means that a three-year old Volt would be worth 42 percent of the car’s original $41,000 sticker price.

Kelley Blue Book’s director of residual value, Eric Ibara, says the residual value projection seems low. However, the first 200,000 Volts sold will be eligible for a $7,500 federal tax credit, dropping the sticker to $33,500.

Using hat number, Kelley Blue Book’s projection means that Volt will keep 41 percent of its value, which is actually better than some of its rivals. The Toyota Prius for instance, has a projected residual of 46 percent after 36 months.

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Refresher: The 2011 Chevrolet Volt is powered by 16-kWh, ‘T’-shaped lithium-ion battery that powers the electric drive unit, which allows it to drive 40 miles on battery power alone. The system puts out 149-hp and a maximum torque of 273 lb-ft, allowing the Volt to go from 0-60 mph in about 9 seconds, hitting a top speed of 100 mph. The battery can be re-charged by plugging into a household outlet and takes 4 hours to recharge on 240 volts, and about 10-12 hours on a standard 120-volt outlet. The Chevrolet Volt also carries an 84-hp 1.4 4-clyinder engine that allows the five-door, FWD sedan to travel additional miles while averaging a fuel-economy of 50 mpg. A fully charged battery and full tank of gas will allow the Volt to travel 379   miles. The 2011 Chevrolet Volt gets an EPA estimated 93 miles per ’gallon-equivalent’ when driving under electric power only, 37 mpg when in gasoline mode and over the long term it is estimated to get 60 miles per gallon in combined gasoline-powered and electric-powered driving. Prices for the 2011 Chevrolet Volt start at $41,000 but with a full federal income tax credit (which range from $0 to $7,500), the Volt can cost a total of $33,500.

2011 Chevrolet Volt:

– By: Omar Rana

Source: Automotive News