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2024 Chevrolet Traverse
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2024 Chevy Traverse Leases Start At $429/mo

The all-new fully redesigned 2024 Chevy Traverse has arrived, and its introductory lease deal is nothing to write home about. The large three-row SUV comes with a fresh look, new technology, and a new turbocharged engine. Plus, the lineup has expanded with the first-ever Traverse Z71 trim. We expect a higher price tag for newer models, but the lease deal on the 2024 Traverse just can't be recommended over the deal on the outgoing model.

According to recent dealer bulletins, the lease on the newly redesigned 2024 Traverse runs $429 a month for 24 months with $5,389 due at signing. This gives you an effective monthly cost of $654 and is not a good deal compared to its $41,395 MSRP. This deal is for the LT cloth trim, which serves as the base model in both the 2023 and 2024 lineups. It's worth noting that the base price has gone up on the 2024 Traverse, despite the lack of changes at the bottom of the lineup.

2024 Chevrolet Traverse Dashboard

If you're looking for a better deal, and still want a Traverse, the 2023 model is a much better deal relative to its overall cost, compared to the 2024 model. The 2023 Chevrolet Traverse in LT cloth trim is leasing for just $369 a month for 36 months with $3,969 due at signing for an effective monthly cost of $479. The 2023 model's lower starting MSRP of $38,440 combined with the longer lease term makes this a much better deal. You save $175 a month.

However, the 2023 model is lacking the refinement and tech of the redesigned Traverse, so you're missing out on the latest innovations to come with the newest model year, like a 17.7-inch touchscreen in place of the current 7-inch screen in the 2023. Other upgrades justify the higher price tag on the 2024 Traverse like a new 2.4L inline-four-cylinder engine that makes 328 horsepower and 326 lb-ft of torque.

If you're looking for all the bells and whistles of the latest edition of the Chevy Traverse, the lease deals should get better as time rolls on. This inaugural deal is a little high for us to recommend, but not too outrageous given the full redesign. Deals listed here are national and expire on April 30.

Pictured: 2024 Chevrolet Traverse

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      Meghan Carbary has been writing professionally for nearly 20 years. A published journalist in three states, Meghan honed her skills as a feature writer and sports editor. She has now expanded her skill-set into the automotive industry as a content writer for Auto Credit Express, where she contributes to several automotive and auto finance blogs.

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