Chevy Equinox EV Lease Now Cheaper Than Gas Model: Incredible Savings Unveiled for 2024
Chevrolet has officially unveiled the 2024 Equinox EV, marking a significant step in its journey toward an electrified future. The fully electric SUV starts at a manufacturer’s suggested retail price (MSRP) of $43,295 for the 2LT model, which provides an impressive range of up to 319 miles on a single charge. For buyers eligible for tax credits, this price can drop to an attractive $35,795.
In a move to make electric vehicles more accessible, Chevrolet will also introduce a more budget-friendly 1LT model later this year. This version will start at $34,995, with potential reductions to $27,500 post-tax credit, positioning it as a competitively priced option in the burgeoning EV market.
Comparing costs, the Equinox EV’s initial price tag is notably higher than its gas-powered counterpart by approximately $12,500. Nonetheless, Chevrolet has structured the leasing options to make the electric model more economically appealing. The Equinox EV can be leased for $239 per month over a 24-month term, with $3,029 due upfront, effectively setting the monthly cost at $365. This leasing deal is notably cheaper than the gas version, which goes for $299 per month with $2,299 due at signing, totaling an effective monthly cost of $395.
Chevrolet is also leveraging incentives to attract more customers to its electric fleet. A notable “conquest cash” incentive offers an additional $1,500 discount for non-GM vehicle owners, which can accumulate up to $2,500 in savings when combined with other existing offers.
The 2024 Chevy Equinox EV is available in several trim levels, including:
– 1LT FWD at $34,995
– 2LT FWD at $43,295
– 2RS FWD at $44,795
– 3LT FWD at $45,295
– 3RS FWD at $46,795
All pricing includes a $1,395 destination fee, and the vehicle boasts an extended range exceeding 315 miles, making it one of the most affordable long-range EVs available.
An additional advantage of the Equinox EV is its residual value. After 24 months, the vehicle retains about 80% of its value, significantly more than the gas version, which holds 67%. This higher residual value, supported by the $7,500 EV tax credit, substantially improves the cost-effectiveness concerning depreciation.
Chevrolet is promoting the Equinox EV through various offers, inviting potential buyers to explore new deals through promotional links and resources provided by Chevrolet. As the automotive industry continues its shift towards sustainability, the Chevrolet Equinox EV sets a promising benchmark for affordable electric mobility, combining substantial range with aggressive pricing and attractive leasing options.
