General Motors introduced the U.S.-spec 2024 Buick Envista in April, revealing the Tri-Shield brand’s newest small crossover following a world debut at the 2022 Chengdu Motor Show last August. Now, according to Buick, the 2024 Envista has the highest residual value of any Buick model in recent history.
As an example, a 2024 Buick Envista leased for 36 months with a 12,000-mile allocation has a residual value of 60 percent.
For the sake of comparison, Buick’s highest residual value was typically in the 40-percent range, at least historically speaking. That figure, however, has been improving as of late. For example, the residual value for a refreshed 2024 Buick Encore GX with a 36-month lease and 12,000-mile allocation is in the low-50-percent range. Now, however, the 2024 Buick Envista is offering even higher residual values than that.
Per previous GM Authority coverage, the 2024 Chevy Trax is also offering impressively high residual values. For example, the residual value for a 2024 Chevy Trax with a 36-month lease and 12,000-mile allocation is 63 percent.
For those readers who may have missed it, GM Authority was the first to report that the Envista was under consideration for the North American market, with GM President Mark Reuss confirming its sale in the U.S. last year.
In terms of styling, the 2024 Buick Envista incorporates design language inspired by the Buick Wildcat EV concept, and incorporates a coupe-like roofline, sleek profile, LED checkmark lighting signatures, and standard wheel sizing up to 19 inches. The trim level lineup includes the base-level Preferred, Sport Touring (ST), and at the top of the range, the new Avenir.
Inside the cabin, the 2024 Buick Envista offers upwards of 19 inches of screen real estate, while a range of active and passive safety features are included as standard. Motivation is sourced from the turbocharged 1.2L I3 LIH gasoline engine, which is rated at 136 horsepower and 162 pound-feet of torque, while the GM VSS-F platform provides the underpinnings. Production takes place at the GM Changwon plant in South Korea.
Pricing starts at $23,495.
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Comments
Same with the new Trax. Won’t last for long and then folks will be screwed at lease end if they wish to buy the vehicle. All because of the newness and quite possibly artificially inflated.
If only it was a bit higher. Nice looking though. I’m happy GM has come up with some newer competition.
Does this mean the Envista should lease really well right out of the gate? Because if it doesn’t lease well, we’re getting a Jeep, which are leasing well. Refuse to pay $400 month x 36 for a $27K Buick. Our prior two Encores were in the $200-250 month range for a car with a roughly $25K MSRP.
I thought all GM cars were going to use modular VSS platform. Can remember GM getting criticized for being late with modular platforms with critics saying Global Epsilon wasn’t modular enough.
GM spends a lot on R&D and has more platforms than rivals. The VFF kits are high quality but so are the others.
Does leasing a low price vehicle make sense if you would even think of purchasing it after lease end just buy it outright and save money
that front end is no buick, yuck.
136hp? That’s a wheezer for sure. BTW, perhaps the residuals are jacked by lingering supply chain issues and an inflated used car market.
Let’s translate this spin into reality:
By the time that lease end occurs and you’re offered a buy out, that buyout will be thousands more than what you’ll find one on a used car lot already.
These supply shortages are already showing signs of ending by late next year, and when everyone’s values tank on the 10 year old used cars they’re buying for 20 grand, we will have our next economic calamity.
The Envista and Trax resale value on actual purchases won’t hold up 60% in 3 years. Guaranteed.
Maybe if it had a alternate engine ,three cylinder ? 136 hp you got to kidding me ! How about a 2.0L with 250hp or a hybrid. With a three banger -136 hp it’s going to sound like a turd & go about as fast as one. No thanks Mary.