Saturday, December 10, 2022
News Chevrolet is Offering Rebates to Bolt Owners, But There’s a Catch

Chevrolet is Offering Rebates to Bolt Owners, But There’s a Catch

Chevrolet offers rebates to owners who bought a Bolt before the prices were cut, but they have to waive some rights to get the money.

  • Chevrolet reduced the price of the Bolt EV and EUV by about $6,000 in the US for 2023

  • Owners who bought their vehicle before the price cut can receive a rebate

  • They have to waive their right to sue GM over last year’s battery recall to have that rebate

Chevrolet announced it would cut the price of the Bolt and Bolt EUV by close to $6,000 for 2023 in the United States and it now offers a rebate to owners who bought their car before the price dropped.

However, there is a catch in this proposition, since owners will have to waive their right to sue General Motors over last year’s recall of the Bolt due to a fire risk.

After a number of incidents happened, GM ordered a recall of every Chevrolet Bolt EV and EUV ever manufactured in order to replace their battery.

Since it took a while for the automaker and LG, the company who made the batteries, to find the cause of the fires, the owners of the Bolt couldn’t use their car as they wished for a number of months.

This has led to many disgruntled owners who wanted General Motors to buy back their vehicle, a solution that wasn’t offered to them at the time or since.

By accepting the current rebate proposition, customers are also agreeing to not sue GM in relation to the Bolt and not to become part of a class action lawsuit against the automaker.

This would prevent owners to claim compensation for the many months the usage of their vehicle was limited and it also prevents owners whose car burnt down from making a claim against the company for the damages incurred.

In addition, if it turns out that the recall has not fixed the issue and other vehicles burn down as a result of the same problem, owners who took the money would not be able to sue for damages or injuries.

Despite what the wording makes it sound like, General Motors says this would not prevent owners to sue over any future recalls that could be required and the company claims this is a common practice in the industry.

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