If you want to switch to electric mobility, the new all- electric (EV) Chevy Blazer is a particularly attractive option.
With the new data, Chevy Blazer EV lease prices could be just $10 higher each month than gas-powered models.
The 2024 Chevy Blazer EV is part of GM's revamped EV lineup, along with the Chevy Equinox and Silverado EV. After the Blazer EV's price cut in March, the all-electric SUV starts at just over $50,000. However, that price doesn't include the $7,500 EV tax credit. With the credit, the 2024 Blazer EV (2LT) starts at just $42,695 with a range of up to 279 miles.
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GM said a lower-priced model (LT FWD) will debut later this year, with a starting price under $50,000. Despite the Blazer EV's MSRP being more than $13,000 more expensive than the gas-powered model, lease rates can be just $10 higher per month.
According to online automotive research firm CarsDirect, the 2024 Blazer EV is listed at $369 per month for 24 months, with a $1,679 down payment. The offer is valid through July 2 and is based on the Blazer EV's MSRP of $50,195 for the 2LT trim and 10,000 miles per year. It also includes a $1,000 incentive for non-GM lessees and a $1,500.
Chevy Blazer EV lease prices compared to natural gas models
Meanwhile, the gas-powered Blazer (starting at $36,795) is available for $299 per month for 24 months, with $3,129 due at signing (after a $2,000 rewards rebate). The Chevy Blazer EV is priced at $439 per month, while the gas-powered model is priced at $429 per month.
Why are the lease prices almost the same despite the difference in MSRPs?
CarsDirect discovered that this is likely due to the EV's residual value, which is at 82% compared to 69% for the gas-powered model.
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GM is boosting the residual value of the Blazer EV to cover 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 per month, the Blazer EV is $141 cheaper to lease than the 2024 Honda Prologue ($580 per month), which is based on the same platform.
Source: electrek
