I debated long and hard between the two. The Bolt is roomier, faster and has more range. For me buying a used Spark vs leasing a Bolt boiled down to:
- I don't really need the 250 mile range. My daily commute is a ~35 mile round trip so Spark's range is plenty even with battery degradation.
- For $9k, I own a Spark. Current deals on Bolt aren't too great (I think there were fantastic deals last year). Out the door, I think a Bolt would cost me around $8-9k in deposits+fees+downpayments and then $200/month for 3 years and 30k miles. All that money is basically going down the drain.
- Insurance: a factor many people, I think, overlook. When you own a car, you can set whatever insurance you buy - you can get the bare minimum required by law. But if you lease/loan a vehicle, the finance company usually requires you to get comprehensive insurance - that can cost you anywhere between $30-60 extra a month.
In a few years, when Bolts are off-lease, maybe I snag a deal then