Chevy Recently Made the Equinox EV Much Cheaper to Lease

by Chris Teague

Published: July 25th, 2024

chevy recently made the equinox ev much cheaper to lease

My family recently bought a 2024 Honda Prologue on a lease deal that brought our monthly payments down to well below $300, but General Motors recently made the related Chevrolet Equinox EV an even better deal than that. The automaker’s new lease incentives for the vehicle make it $239 per month for a 24-month lease, though there’s still a significant down payment due at signing.

The lease comes with $3,029 down and a 10,000-mile annual limit, but if you can live with those things, Chevy will lease you an Equinox EV for less than it costs to lease a gas-powered model.

Before you get too excited, it’s good to point out that we’re talking about the base—for now—2LT trim, which comes with front-wheel drive and a few of the model’s most compelling options. It does get 315 miles of range, topping the Equinox EV line, and it can fast charge, adding around 70 miles of range in ten minutes.

This deal might be about as good as it gets for now, as we don’t currently have the $30,000 EV we were initially promised. The 2LT starts at $43,295 before any options, such as the $2,700 Active Safety Package 3, which brings Super Cruise and parking assistance. Chevy also offers a $1,350 Lifestyle Package that includes a cargo carrier, roof rails, and more.

[Images: Chevrolet]

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Chris Teague

Chris grew up in, under, and around cars, but took the long way around to becoming an automotive writer. After a career in technology consulting and a trip through business school, Chris began writing about the automotive industry as a way to reconnect with his passion and get behind the wheel of a new car every week. He focuses on taking complex industry stories and making them digestible by any reader. Just don’t expect him to stay away from high-mileage Porsches.

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8 of 25 comments

SPPPP on Jul 26, 2024
You said "bought a 2024 Honda Prologue on a lease deal...". If you don't own it, that's not buying. You should say, "leased a 2024 Honda Prologue on a deal...". I don't mean to be pedantic, but the lines between renting and buying need to be clearly drawn for the benefit of consumers. Blurring those lines benefits the landlords.

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- SPPPP on Jul 26, 2024
  Self-reply in lieu of website code that allows paragraph separation: But as for the lease deal, both the Prologue deal you got and the (...what is this thing called? Uh.... oh yeah, there it is in the Chrome address bar...) Equinox deal seem pretty affordable. For those who don't want to own a car long-term, getting around for about $450/month (including down payment, taxes, fees, and electricity) is a decent deal.
  
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- Chris Teague on Jul 26, 2024
  Agree, so we leased it. It was a purely financial decision because of the monthly payment and the fact that our XC90 T6 only got like 18 mpg in the city most of the time. My wife commutes <5 miles per day and she's the primary driver, so it makes perfect sense. Our charger is being installed next week, so there will be no more fighting people in my small town for the one 50kW charger.
  
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- 1995 SC on Jul 26, 2024
  If your commute is less than 5 miles a day then how was the 18 MPG much of an issue? Seems like a really long ROI if that was your rationale.
  
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- 28-Cars-Later on Jul 26, 2024
  If the use case is under 5 miles a day, why did you trade/replace a running Volvo (unless it perhaps it wasn't)?
  
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- SPPPP on Jul 27, 2024
  Charging at home will be a nice benefit! And if you do really like the Prologue, perhaps you could buy it out at least end.
  
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Jalop1991 on Jul 26, 2024
so, Mike, you're one of those who thinks that's perfectly reasonable. My "undies" aren't "bunched", despite your fantasies; I simply put down facts alongside his, facts that add context, facts that show this to be a silly headline, apparently facts you don't like. You live a fascinating life, where only some people should have the right to put down facts while others should be restricted from that. Absolutely fascinating.

2 Reply
- EBFlex on Jul 28, 2024
  Mikey doesn’t like facts. He likes “facts”.
  
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