Chevy Blazer EV leasing costs can be only $10 more per month than those of the gas-powered counterpart with the new incentives.
GM’s redesigned EV portfolio includes the 2024 Chevy Blazer EV in addition to the Chevy Equinox and Silverado EVs.
Blazer EV costs were slashed in March, and now the all-electric SUV is available for just more than $50,000. That excludes the $7,500 EV tax credit, though. The 2024 Blazer EV (2LT) with a range of up to 279 miles starts at just $42,695 when the credit is applied.
Despite the Blazer EV’s MSRP being over $13,000 more expensive than the gas-powered model, lease prices can be as little as $10 more per month.
According to online car research firm CarsDirect, the 2024 Blazer EV is listed at $369 per month. That’s for 24 months, with $1,679 due upfront.
The offer is good through July 2 and is based on the Blazer EV’s MSRP of $50,195 for the 2LT trim and 10,000 miles a year. It also includes a $1,000 incentive for non-GM lessees and a $1,500.
Meanwhile, the gas-powered Blazer (starting at $36,795) is listed at $299 per month for 24 months and $3,129 due at signing (after a $2,000 loyalty discount).
The Chevy Blazer EV lease costs $439 per month, while the gas model costs $429 per month. Why are lease prices about the same with a significant gap in MSRPs? CarsDirect found it’s likely due to the EV’s residual value, which is 82% compared to 69% for the gas model.
GM is boosting the Blazer EV’s residual value to account for the $7,500 federal tax credit. The EV also has a lower lease rate at 4.01% compared to 4.94% for the gas-powered Blazer.
At $439, the Blazer EV is $141 cheaper per month to lease than the 2024 Honda Prologue ($580 per month), which is based on the same platform.
Click Here to get the latest EV news and exclusive updates from EV Mechanica on WhatsApp!