Chevy Slashes Blazer Lease Prices (But Not In The Way You Think)
By Alex Bernstein - , Senior Pricing Analyst - June 7, 2019
Chevy Blazer shoppers can take advantage of lower lease prices heading into June, a big relief considering expensive leases have plagued the vehicle ever since its launch earlier this year. Interestingly, a closer look reveals this is largely being made possible by massive improvements in residual values.
This month's nationally advertised lease on the 2019 Blazer LT is $289 for 36 months with $3,619 due at signing, an effective cost of $390/month. Last month, the featured deal was $339 for 36 months with $4,989 at signing, an effective cost of $478. That's an $88 month-to-month swing in price.
While our assumption was that Chevy simply raised discounts, that's actually not the case. According to dealer leasing guides, the underlying lease cash amounts haven't changed. What's different is that the Blazer now features a lower interest rate and a substantially higher residual value.