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.
