[wlm78621]

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.

My first venture into electric was a 2017 Volt which I leased and loved. It was my first lease because I was worried about the battery and value. I was hoping at the end they would sell it to me at market value and not the residual and I would have bought it for that. But it does not work that way, so se la vi. This time I bought my Blazer (Love it to) and yes I am probably way negative but I plan to keep it for a long time and not really worry about dealing with the lease at the end.

 

[donzuchowski]

never lease if you are in texas. i can not take public transit 1.5 miles to work.. so either I walk or wife takes me to work. In texas you will drive a crap ton of miles.... just the way it is... lease offers no texas miles.... 12k miles per year is nothing in texas.... more like 24k per year

 

[syakov79]

never lease if you are in texas. i can not take public transit 1.5 miles to work.. so either I walk or wife takes me to work. In texas you will drive a crap ton of miles.... just the way it is... lease offers no texas miles.... 12k miles per year is nothing in texas.... more like 24k per year

wow, that is wild

 

[michaelpuceloski]

wow, that is wild

My first venture into electric was a 2017 Volt which I leased and loved. It was my first lease because I was worried about the battery and value. I was hoping at the end they would sell it to me at market value and not the residual and I would have bought it for that. But it does not work that way, so se la vi. This time I bought my Blazer (Love it to) and yes I am probably way negative but I plan to keep it for a long time and not really worry about dealing with the lease at the end.

First, if a dealer is offering 33,000 then they will mark it up to 40,000 to sell it. I have a blazer rs rwd with the sun roof and Bose. I paid 46,000 for it with all the incentives. I would never lease. I never want to worry about going over 12,000 miles per year as u do on a lease. I have friends who will not drive from Phx to LA because they ave a lease agreement.

 

[Snafu234]

never lease if you are in texas. i can not take public transit 1.5 miles to work.. so either I walk or wife takes me to work. In texas you will drive a crap ton of miles.... just the way it is... lease offers no texas miles.... 12k miles per year is nothing in texas.... more like 24k per year

I know its different for everyone, but I leased one in Houston, my commute is 4 miles to and from work. I drive further to play basketball with my friends that I do for work. I maybe put in 5000 miles a year. I've had my Blazer EV since Oct 6, and it has 1800 miles. But this is just for me specifically.
That all being said, my Blazer EV got the "SERVICE HIGH VOLTAGE" warning of doom. In the 15 years I've lived in Houston, I've never put more than 7500 miles, and I doubt it was that much.

 

[mwk]

I bought my blazer outright. I loved the car, it's got everything I needed, and whether or not it's depreciating or some new car will come out 5 years from now with 600 miles of range, this car does what I need it to do, and does it well. In 8 or 9 years from now if I need a new car I'll take advantage of whatever fantastic new cars available. I'm not concerned. It's a car, not an investment.

 

[syakov79]

I bought my blazer outright. I loved the car, it's got everything I needed, and whether or not it's depreciating or some new car will come out 5 years from now with 600 miles of range, this car does what I need it to do, and does it well. In 8 or 9 years from now if I need a new car I'll take advantage of whatever fantastic new cars available. I'm not concerned. It's a car, not an investment.

yeah I dont know people who purchased or leased are actively monitoring resale values, they will only get depressed. EV resale values are not great right now.

 

[NESFan1]

We bought ours as well and I'm still happy with it so long as it keeps being reliable. My wife still loves the way it looks which is all that matters to me.

 

[wlm78621]

yeah I don't know people who purchased or leased are actively monitoring resale values, they will only get depressed. EV resale values are not great right now.
[/QUO
If you lease, then the residual makes no difference. I you purchased then hopefully you have more equity then the depreciation or have GAP insurance in case of a wreck.

On the flip side, used EV's are a great value proposition. That probable would have been good for me, but I love what I got!

 

[coonsaa]

I just purchased a 2024 LT model for 27k with 3200 miles on it and a clean car fax. The depreciation is insane, but so was the pricing when they came out. I think this is just market correction as it was way to much for a midsized SUV.

 

[TramoreJohn]

I just purchased a 2024 LT model for 27k with 3200 miles on it and a clean car fax. The depreciation is insane, but so was the pricing when they came out. I think this is just market correction as it was way to much for a midsized SUV.

Seems like a great price. Did you get the original window sticker? It would be interesting to know the original msrp. Also, if this price structure holds, a 2024 LT will likely qualify for the used ev tax credit in 2026.

Edit: Never mind, just saw your post with exactly that.

 

[michaelpuceloski]

I just purchased a 2024 LT model for 27k with 3200 miles on it and a clean car fax. The depreciation is insane, but so was the pricing when they came out. I think this is just market correction as it was way to much for a midsized SUV.

Depending on its features if your Blazer was a base LT It probably would sell new for about 35,000 with dealer and government incentives. So the depreciation was large, but I would not say insane. Being that the car was a 2024 like any other 2024 model being bought in 2025 you probably can get a good deal on a new or used LT.

 

[syakov79]

I just purchased a 2024 LT model for 27k with 3200 miles on it and a clean car fax. The depreciation is insane, but so was the pricing when they came out. I think this is just market correction as it was way to much for a midsized SUV.

no this is happening to all Evs and the blazer price after the reduction wasnt out of line with the competition. Have you ever priced out loaded versions of the Ioniq5 or the Prologue or EV6?

 

[syakov79]

I just purchased a 2024 LT model for 27k with 3200 miles on it and a clean car fax. The depreciation is insane, but so was the pricing when they came out. I think this is just market correction as it was way to much for a midsized SUV.

also, if you compare the price of the blazer LT or even RS to a loaded v6 blazer and factor in the tax rebate, the EV version is probably cheaper. So not sure what you mean by "way too much" for a midsize SUV.

 

[coonsaa]

also, if you compare the price of the blazer LT or even RS to a loaded v6 blazer and factor in the tax rebate, the EV version is probably cheaper. So not sure what you mean by "way too much" for a midsize SUV.

Not everyone qualifies for the tax credit, I know I don't so, I don't factor it in.

GM gives a 7500 discount on the cars if it doesn't qualify for the credit which means it's just overpriced and profit for them otherwise they would not offer the rebate so, I don't factor it in.

I personally don't believe their even should be a tax credit to start with as taking taxes to give to someone else to get an EV is ridiculous so, I don't factor it in.

Now on to your 2nd point

Around me I see 2lt ice blazers for 35k, 2lt electrics are about 48k. that's a pretty big jump to me.

Around me I see full loaded Premier blazers for about 45k, the fully loaded SS EV Blazer is advertised on Chevy's site at 60k. Again that is a pretty big jump for me.

So I say again, way to much for a midsized EV even if you do factor in the tax incentive. No idea how you folks will justify the prices if Trump removes them.

Full disclosure I did get 7500 buying our bolt last year. Even if I disagree with them I'm taking the money.

 

[syakov79]

Not everyone qualifies for the tax credit, I know I don't so, I don't factor it in.

GM gives a 7500 discount on the cars if it doesn't qualify for the credit which means it's just overpriced and profit for them otherwise they would not offer the rebate so, I don't factor it in.

I personally don't believe their even should be a tax credit to start with as taking taxes to give to someone else to get an EV is ridiculous so, I don't factor it in.

Now on to your 2nd point

Around me I see 2lt ice blazers for 35k, 2lt electrics are about 48k. that's a pretty big jump to me.

Around me I see full loaded Premier blazers for about 45k, the fully loaded SS EV Blazer is advertised on Chevy's site at 60k. Again that is a pretty big jump for me.

So I say again, way to much for a midsized EV even if you do factor in the tax incentive. No idea how you folks will justify the prices if Trump removes them.

Full disclosure I did get 7500 buying our bolt last year. Even if I disagree with them I'm taking the money.

the $7500 discount was only on early build vehicles before GM could guarantee qualification under the regulations- there is no permanent $7500 discount for people who dont qualify. And everyone qualifies if they lease regardless of income- which is significant because many do lease these vehicles. You (along with many others) need to look up how the IRA was funded, it wasn't funded via income taxes or other regular taxes. And what you believe isnt that relevant because worldwide there has been some level of support for EVs or the EV industry in first world countries- the US is no exception. If you don't want to accept the available incentive, dont.

 

[syakov79]

Not everyone qualifies for the tax credit, I know I don't so, I don't factor it in.

GM gives a 7500 discount on the cars if it doesn't qualify for the credit which means it's just overpriced and profit for them otherwise they would not offer the rebate so, I don't factor it in.

I personally don't believe their even should be a tax credit to start with as taking taxes to give to someone else to get an EV is ridiculous so, I don't factor it in.

Now on to your 2nd point

Around me I see 2lt ice blazers for 35k, 2lt electrics are about 48k. that's a pretty big jump to me.

Around me I see full loaded Premier blazers for about 45k, the fully loaded SS EV Blazer is advertised on Chevy's site at 60k. Again that is a pretty big jump for me.

So I say again, way to much for a midsized EV even if you do factor in the tax incentive. No idea how you folks will justify the prices if Trump removes them.

Full disclosure I did get 7500 buying our bolt last year. Even if I disagree with them I'm taking the money.

also, please dont quote ICE blazers with huge discounts and then compare them to Blazer Evs at MSRP, you and I both know discounts are available on the blazer Ev. A loaded blazer V6 is over $50k and its slower and has less equipment than the blazer RS EV. Since you want to pretend most dont qualify for the tax credit, you can compare leasing rates because everyone qualifies for the discounts if you lease. My guess is you would end up with a difference in monthly payments that could be a $25-$50 a month at most.

 

[Jimmy Dub]

Not everyone qualifies for the tax credit, I know I don't so, I don't factor it in.

GM gives a 7500 discount on the cars if it doesn't qualify for the credit which means it's just overpriced and profit for them otherwise they would not offer the rebate so, I don't factor it in.

I personally don't believe their even should be a tax credit to start with as taking taxes to give to someone else to get an EV is ridiculous so, I don't factor it in.

Now on to your 2nd point

Around me I see 2lt ice blazers for 35k, 2lt electrics are about 48k. that's a pretty big jump to me.

Around me I see full loaded Premier blazers for about 45k, the fully loaded SS EV Blazer is advertised on Chevy's site at 60k. Again that is a pretty big jump for me.

So I say again, way to much for a midsized EV even if you do factor in the tax incentive. No idea how you folks will justify the prices if Trump removes them.

Full disclosure I did get 7500 buying our bolt last year. Even if I disagree with them I'm taking the money.

The price of fuel drops 75%-80%

 

[Csites]

The only extra "tax" I have to pay besides the normal registration fee is the new EV registration fee of $250 next year upon renewal. Several states have passed those laws to have us EV owners pay the loss of the gas taxes.

Washington state has $200 on top of regular fees annually for registering all electric vehicles.

 

[mitchpark]

Not everyone qualifies for the tax credit, I know I don't so, I don't factor it in.

GM gives a 7500 discount on the cars if it doesn't qualify for the credit which means it's just overpriced and profit for them otherwise they would not offer the rebate so, I don't factor it in.

I personally don't believe their even should be a tax credit to start with as taking taxes to give to someone else to get an EV is ridiculous so, I don't factor it in.

Now on to your 2nd point

Around me I see 2lt ice blazers for 35k, 2lt electrics are about 48k. that's a pretty big jump to me.

Around me I see full loaded Premier blazers for about 45k, the fully loaded SS EV Blazer is advertised on Chevy's site at 60k. Again that is a pretty big jump for me.

So I say again, way to much for a midsized EV even if you do factor in the tax incentive. No idea how you folks will justify the prices if Trump removes them.

Full disclosure I did get 7500 buying our bolt last year. Even if I disagree with them I'm taking the money.

You are a critic of $7500 rebate on EV's but took it. Makes you a hypocrite but yeah you would have to be pretty naive not to. I just bought my second EV and got the rebate twice now, which makes me REALLY stupid! I wasn't planning on buying second one yet but Trumps going to eliminate the rebate, even though I completely agree with the elimination of the rebate, and yes, I support President Trump 100%, I wasn't willing to wait to see if the EV's go down when the rebates go away. I am totally convinced; the manufacturers are inflating the MSRP on their Ev's because of the rebate. They are just a bunch of capitalist PIGS like the rest of us! I said this before (when I bought my first EV in 2021, it was a 2022 model) I will not buy another until they are competitively priced with the ICE vehicles and a have range over 500 miles. What's the point in buying an EV if the MSRP is 20-30% higher. Sure, I get the pollution factor but let's talk finances. You save a lot on gasoline, oil and maintenance, but the filthy PIGS get wealthy on the MSRP. NO MORE BS!