LEASEHACKR

View Original

How to Lease a $50K Chevy Blazer EV for $250/Month with $0 Down + TTL

One of the most fun things about hacking a lease deal is stacking rebates! Through June 3, 2024, you can lease a $50,000+ Chevrolet Blazer EV for $250 per month with $0 down (or less!), plus taxes and fees, by stacking the right rebates. Here’s how.

Step 1: Search for Inventory

  • Currently, the most affordable 2024 Chevrolet Blazer EV is the LT eAWD Launch Edition, which starts at $50,195 MSRP. If you are after the absolute best payment, then go with this trim.

  • There is also a more attractive RS trim with a higher MSRP and a slightly lower residual value. Both of those aspects will make the RS more expensive to lease than the LT. It’s for you to decide which trim best fits your needs!

Step 2: Choose the 24-Month Lease Term

  • While GM Financial offers leases as long as 48 months, we recommend the 24-month lease option, which has a super high residual value of 75% on the LT, assuming 10,000 miles per year. The residual value drops by 1% for 12,000 miles per year and another 2% for 15,000 miles per year.

  • Since the cost of leasing is largely determined by the amount of the depreciation incurred, the higher the residual value, the cheaper the lease.

Step 3: Research Incentives that You Qualify For and Stack!

  • Use Leasehackr’s Rate Findr to see what incentives you qualify for based on your ZIP code — and, importantly, which incentives stack! Here is a sampling of available rebates for 2024 Blazer EV:

    • $4,000: Select Market Conquest Offer (ZIP code dependent)

    • $3,250: Chevrolet Select Market Incremental Cash (ZIP code dependent)

    • $3,000: Current Bolt Owner/Lessee Offer

    • $1,000: Costco Member Offer

    • $1,000: GM Supplier Allowance

    • $1,000: Lease Conquest or Lease Loyalty Incentive

    • $500: Healthcare Professional, First Responder, Military, or Grad Incentive

  • For example, someone living in Southern California, Houston, or New York City can stack as much as $8,250 in incentives (Select Market Incremental Cash + Current Bolt Owner/Lessee Offer + Costco Member Offer + GM Supplier Allowance).

Step 4: Calculate Your Payment

  • Using Leasehackr Calculator, estimate the cost of leasing a 2024 Chevrolet Blazer EV based on the incentives you qualify for, the desired MSRP of your vehicle, and the discount you are targeting. We have seen anywhere from a $0 to $2,000 dealer discount.

  • Here is an example of a 2024 Chevrolet Blazer EV LT eAWD Launch Edition ($50,195 MSRP) lease assuming vehicle registration in Southern California, $8,250 in incentives, and a $1,000 dealer discount:

    • Monthly Payment: $250 (plus tax)

    • Down Payment: $0

    • Due at Signing: $2,611 (first month’s payment, license/registration, taxes on rebates, bank fee, and document fee)

Step 5: Negotiate with a Dealer

  • Contact dealers in your area to find one that will honor your target deal.

  • For negotiation tips and tricks, browse Leasehackr Forum and engage with our community! (For Leasehackr Pre-Negotiated Deals, click here.)

About Blazer EV

The first-ever 2024 Chevrolet Blazer EV experienced software issues when it launched early this year, but GM says they’ve all been fixed. This month’s heavily supported lease program and incentives make Blazer EV a very compelling option for shoppers. Blazer EV offers a spacious interior and exceptional ride quality, while offering reasonable charging performance and driving range.

Based on lease prices, we would consider Chevrolet Blazer EV over competitors like Tesla Model Y, Ford Mustang Mach-E, Volkswagen ID.4, Nissan ARIYA, Hyundai IONIQ 5, Kia EV6, Subaru Solterra, and Toyota bZ4X.

See this content in the original post