I have a 2024 Blazer EV RS RWD in Galaxy Gray with the sunroof (a rare combo from what I can work out)
I leased this back in April this year, and the residual was set at $36,908.80.
Out of curiosity, I contacted the same dealership used department and had them run the numbers and see what their offer would be for this car. They came back to me with $33k. I'm not really bothered, I'm not looking to trade as I'll be seeing the lease through to the end, but was still quite shocking to hear the sheer level of depreciation on this already. I of course understand that every single new car sold will undergo it's biggest percentage of depreciation within the first year (common rule I've heard is 10% as soon as you drive off the lot) but this seems extreme. The reasons cited were that they already bought 3 from other customers and they've had no interest in them at all, they're just sitting there. And also because the leases being offered are so cheap, no-one is even considering buying used on them right now.
I'm certainly glad I leased this rather than purchased.
I leased this back in April this year, and the residual was set at $36,908.80.
Out of curiosity, I contacted the same dealership used department and had them run the numbers and see what their offer would be for this car. They came back to me with $33k. I'm not really bothered, I'm not looking to trade as I'll be seeing the lease through to the end, but was still quite shocking to hear the sheer level of depreciation on this already. I of course understand that every single new car sold will undergo it's biggest percentage of depreciation within the first year (common rule I've heard is 10% as soon as you drive off the lot) but this seems extreme. The reasons cited were that they already bought 3 from other customers and they've had no interest in them at all, they're just sitting there. And also because the leases being offered are so cheap, no-one is even considering buying used on them right now.
I'm certainly glad I leased this rather than purchased.
