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2024 Chevy Blazer EV Lease $10 More Than Gas Model

Chevy Blazer shoppers may have a good reason to upgrade this month. Based on dealer incentive bulletins, 2024 Chevy Blazer EV leases can be as little as $10 a month more expensive than the gas version. As a result, a new Blazer EV could be a killer deal despite having an MSRP that's over $13,000 more expensive.

Through July 1st, the 2024 Chevy Blazer EV is listed at $369 for 24 months with $1,679 due at signing. That's based on an MSRP of $50,195 for the 2LT and 10,000 miles a year. The price reflects a $1,000 discount for current non-GM lessees plus a $1,500 bonus for those with an existing EV or competitive vehicle.

2024 Chevy Blazer EV black interior

At the same time, the 2024 Chevy Blazer (MSRP $36,795) is listed at $299 for 24 months with $3,129 at signing for the 2LT after a $2,000 loyalty discount for current Chevy lessees. In this scenario, the effective cost of the Blazer EV comes out to just $439 a month. The gas version comes out to $429 per month.

So why is the Blazer EV $10 more expensive than the gas Blazer despite a price difference of $13,400? Our analysis found that the most likely reason is an 82% residual value for the EV compared to just 69% for the gas one. As we reported previously, GM is inflating the EV's residual value to reflect a $7,500 tax credit.

The EV also benefits from a slightly lower lease rate of 4.01% compared to 4.94%. Additionally, the combined discount is worth $2,500 versus $2,000. At $439 per month, the Blazer EV is $141 per month cheaper to lease than the 2024 Honda Prologue which shares the same platform and comes out to $580 a month.

Although Chevy's Blazer lease largely benefits shoppers coming from another lease, GM recently made a significant change. Starting this month, the $1,500 conquest bonus also now targets all gas vehicles from 11 brands: Chrysler, Dodge, Jeep, RAM, Ford, Hyundai, Kia, Mazda, Nissan, Subaru, and Toyota.

These national offers are due to end on July 1st.

Source: General Motors

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      Alex has been writing about car buying and leasing for over a decade. Originally from San Francisco, Alex has a degree in History from the University of California, Santa Barbara, and has been a lifelong lover of cars. Alex’s work has been featured in publications such as Forbes, The Wall Street Journal, Motor Trend, and more.

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