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Chevy Blazer EV leases now offer unprecedented value for shoppers

Chevy Blazer shoppers have a compelling reason to consider upgrading to the new 2024 Chevy Blazer EV this month. Based on dealer incentive bulletins, leasing a 2024 Chevy Blazer EV could be only $10 more per month than leasing its gasoline counterpart, despite the EV having an MSRP over $13,000 higher.

Through July 1st, the 2024 Chevy Blazer EV is available for $369 per month over 24 months, with $1,679 due at signing. This offer is based on an MSRP of $50,195 for the 2LT model, with a mileage limit of 10,000 miles per year. The attractive leasing terms reflect a $1,000 discount for current non-GM lessees and an additional $1,500 bonus for those with an existing EV or a competitive vehicle.

Conversely, the 2024 Chevy Blazer with an MSRP of $36,795 is offered at $299 per month for 24 months, with $3,129 due at signing for the 2LT model. This includes a $2,000 loyalty discount for current Chevy lessees. Consequently, the effective monthly cost for the Blazer EV is $439, just $10 more than the $429 monthly cost for the gas version.

The minimal price difference is primarily due to an 82% residual value for the Blazer EV, compared to just 69% for the gasoline model. General Motors is inflating the EV’s residual value to reflect a $7,500 tax credit, contributing to this cost-effectiveness. Additionally, the Blazer EV benefits from a slightly lower lease rate of 4.01% compared to 4.94% for the gas version. The combined discount for the EV amounts to $2,500, compared to $2,000 for the gas model. At $439 per month, the Blazer EV is also significantly cheaper to lease than the 2024 Honda Prologue, which shares the same platform and costs $580 per month.

While the lease deals on the Blazer EV primarily benefit shoppers transitioning from another lease, GM has broadened its appeal by including a $1,500 conquest bonus targeting all gas vehicles from 11 brands: Chrysler, Dodge, Jeep, RAM, Ford, Hyundai, Kia, Mazda, Nissan, Subaru, and Toyota.

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Jaelyn Campbell
Jaelyn Campbell
Jaelyn Campbell is a staff writer/reporter for CBT News. She is a recent honors cum laude graduate with a BFA in Mass Media from Valdosta State University. Jaelyn is an enthusiastic creator with more than four years of experience in corporate communications, editing, broadcasting, and writing. Her articles in The Spectator, her hometown newspaper, changed how people perceive virtual reality. She connects her readers to the facts while providing them a voice to understand the challenges of being an entrepreneur in the digital world.

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