The latest price cut lowered the Bolt EV’s base price to $26,595. GM did not want to alienate customers who bought the Bolt just before the price cut (or so they said), so they offered them a comparable cash rebate. But according to a Jalopnik tipster, the cash rebate comes with very restrictive conditions, which remind us of a recent agreement GM offered to Cadillac Lyriq customers.
When the Jalopnik reader wanted to claim the rebate (which GM dubs “goodwill reimbursement”), he was presented with an agreement that needed to be acknowledged and signed before going further. According to the document, Bolt owners applying for the rebate agree to waive the right to sue GM or LG for damages, including those caused by the battery catching fire.
“I [...] forever waive and release all claims, damages, or causes of action, either known or unknown [...] that I may have now or in the future arising out of or in any way relating to my Bolt vehicle(s), the battery defect, or the battery recalls,” reads the document.
Jalopnik reached out to a lawyer for an opinion and learned that GM is offering not a rebate but a legal release. Chevrolet Bolt owners are lured to give up their rights to raise legal claims against GM in exchange for the “rebate.” This means that if a customer’s Bolt catches fire while parked in a garage and their garage (or worse, their house) burns down, they’d be barred from suing GM or LG.
This does not mean that the customer waives claims involving any potential recalls in the future. By law, GM would still be required to issue recalls when needed, contact the owners, and offer no-cost repairs or upgrades. But they will be prohibited from seeking financial compensation for damages generated by current or future problems with the car. If that’s acceptable to you, probably the $6,000 rebate looks enticing.