How to Hack An Amazing Chevy Equinox EV Deal for Under $200/Month, $0 Down
Updated July 11, 2025
This month, GM Financial is continuing to support the lease program on the 2025 Chevrolet Equinox EV in order to boost sales before the pending loss of the federal EV tax credit.
The Equinox EV is a comfortable, well-equipped crossover with 319 miles of range — comparable to a Tesla Model Y for a fraction of the cost. It’s an excellent vehicle to lease thanks to the trifecta of high residual value and targeted incentives.
If you stack the right incentives, you can get one for under $200 per month with $0 down, plus taxes and fees. Here’s how!
Tip 1: Choose the 24-Month Lease Term
GM Financial offers the highest residual values on the Equinox EV with the 24-month lease term: 80% of MSRP at 10,000 miles per year. You can adjust the residual down by 1% for a 12,000 mile per year lease, or by 3% for a 15,000 mile per year lease.
Since the cost of a lease is determined primarily by the cost of depreciation, a high residual value helps lower the monthly payment. GM Financial is able to offer high residual values on EVs by passing on the soon-to-expire Section 45W $7,500 Commercial Clean Vehicle Credit to lessees in the form of residual value support.
Use Rate Findr to find all lease program and incentive data for Equinox EV, including residual values.
Tip 2: Stack Incentives
Through July 31, 2025, GM is offering a host of targeted incentives that help reduce the cost of the lease, including:
$1,750 Incremental CCR (on all Equinox EV LT2 models)
$1,250 Conquest Offer (own/lease a non-GM vehicle 2010 or newer)
$1,250 Costco Executive Member Offer ($1,000 for regular Costco members)
$1,000 Current Lease Offer (GM Lease Loyalty or Lease Conquest)
$850 GM Supplier Discount (search employer eligibility here) or $500 Healthcare/Teacher/First Responder/Military Discount
$500 GM Card Signup Offer
You can use Rate Findr to find up-to-date, stackable lease incentives for the Equinox EV.
Tip 3: Put Together Your Target Deal
The cost of your lease will depend on numerous factors, such as the discount you negotiate, the incentives you qualify for, local taxes and fees, vehicle MSRP, and desired annual mileage. We recommend using Leasehackr Calculator to create a target deal to aim for when shopping for an Equinox EV, or any vehicle for that matter.
For example, a $300/month lease might be a great deal for someone who doesn’t qualify for incentives or lives in a state that taxes leases heavily, while for somebody else, a $300/month lease could be leaving money on the table. Using a lease calculator to build a deal is the only way to evaluate whether a deal is good or not.
Lease Examples
Here’s an example of a 2025 Chevrolet Equinox EV LT2 ($43,590 MSRP) lease assuming California registration and 7.75% taxes, a negotiated $2,750 dealer discount, and $0 down payment, plus first month’s payment, registration, taxes, and document fees due at signing (approximately $1,700 in total).
No incentives: $360/month
Conquest: $305/month
Conquest + Costco: $250/month
Conquest + Costco + Current Lease: $205/month
Conquest + Costco + Current Lease + GM Supplier: $168/month
Conquest + Costco + Current Lease + GM Supplier + GM Card Signup: $146/month
As you can see, the payments go down significantly the more incentives you qualify for.
Have questions on how to negotiate a car lease? Join the conversation on Leasehackr Forum!
Pre-Negotiated Deals
Find negotiating a lease too daunting? Check out amazing no-haggle Pre-Negotiated Deals, including on Equinox EV! We’ve done all the heavy lifting for you.