2024 Chevy Blazer EV Financing Rates Are Lousy

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Senior Pricing Analyst

As CarsDirect’s resident pricing expert, Alex offers must-know analyses of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

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, Senior Pricing Analyst - March 21, 2024
2024 Chevy Blazer EV silver color front view

The Chevy Blazer EV's only financing incentive could be a seriously bad deal. Based on a bulletin sent to dealers, 2024 Chevy Blazer EV interest rates start at 7.79% APR and could result in consumers spending over $10,000 in interest. As a result, we think 2024 Chevy Blazer EVs may be significantly better to lease.

Chevy's APR deal on the 2024 Blazer EV is currently 7.79% APR for 72 months, and shorter loans offer no advantage in interest rates. There's also an 84-month option at 7.49% APR, though we wouldn't recommend either of these offers. On a $50,000 vehicle, we estimate that a 6-year loan would cost about $62,751.

2024 Chevy Blazer EV interior

Having said that, a confusing array of incentives could lower the cost greatly. Now that the Blazer EV is once again eligible for a $7,500 tax credit in March, qualified buyers may be able to score extra savings. For vehicles built during the 3-month hiatus, Chevy is offering $7,500 in Ultium Promise Bonus Cash on purchases.

The rebate is available upfront, while the tax credit can be claimed either in the following year or upfront when assigning it to a participating dealer. We think it's likely that buyers will see a mix of inventory right now on dealer lots, with most not qualifying for the tax credit if they were built before this month's changes.

It's also worth keeping in mind that 2024 Blazer EV prices have fallen dramatically. After a Blazer EV stop-sale ended this month, Chevy cut prices by up to $6,500. Our analysis also found that Blazer EV lease prices fell by over $230 per month. The EV is now listed at just $469 per month when coming from another lease.

Fortunately, there are some compelling alternatives right now. Hyundai is offering 0% interest on the IONIQ 5 and recently unveiled a $213-per-month lease deal. Meanwhile, the Ford Mustang Mach-E starts at roughly $33,000 after incentives. Ford is also offering 0% APR for 72 months plus up to $3,000 in bonus cash.

Explore Chevy Blazer EV Lease Prices

, Senior Pricing Analyst

As CarsDirect’s resident pricing expert, Alex offers must-know analyses of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

Follow On: Twitter

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