Most Chevy Blazer EV customers opted to lease their new all-electric crossover during the first quarter of 2025, reflecting broader trends in the electric vehicle segment.
According to Experian’s recent Q1 2025 State of the Automotive Finance Market report, 67 percent of Blazer EV shoppers chose leasing over financing (26 percent) or a cash purchase (seven percent). The leasing bias is in spite of favorable financing deals, including 0 percent interest financing available for the 2024 Chevy Blazer EV, and low-interest offers on the 2025 model year, as GM Authority covered previously. National and regional lease incentives were available for both model years. Check out our previous coverage for more information.
Looking over the data, low monthly lease payments likely played a role in the shift towards leasing versus financing or a cash purchase. Leasing allows buyers to access newer technology at a lower upfront cost while hedging against long-term concerns like depreciation and battery longevity. The Experian report appears to support this, noting that nearly 60 percent of all new EVs were leased in Q1 2025, with three EVs ranking among the top ten most-leased vehicles.
Chevrolet ranked as the fourth most-leased brand in Q1 of 2025, trailing only Honda, Toyota, and Tesla. This high number of leases means that GM customers should expect a significant influx of used EV inventory in the next two to four years as the current lease terms come to end. If the volume of lease returns exceeds resale demand, particularly amid rapid EV technology advancements, used Chevy Blazer EV prices may face significant downward pressure.
Meanwhile, rivals like the Honda Prologue and Volkswagen ID.4 also demonstrated particularly high lease-to-purchase ratios, underscoring possible consumer concerns over long-term EV ownership costs and technology turnover. Nearly 90 percent of Honda Prologue customers chose to lease during Q1 of 2025, while just over 88 percent of ID.4 customers chose to lease during the same timeframe.
Comments
If I wanted a battery powered car, I would for sure lease. With the cost of replacing batteries they can have it back in 3 years.
You do realize that battery replacements are exceedingly rare, and that GM has a warranty on the battery that fully covers it for 8 years/100k miles, right?
EVs are like used cell phones except extremely expensive. This is the end goal from the gov and automakers would be fine w it bc they’ll have a constant stream of resume. You’ll own nothing and be happy…
Nobody talks about the fact battery tech is constantly changing the oems are going to sell off this junk to a third party and have a massive mark up. Every couple years that battery is obsolete and if you want it fixed you’re basically SOL. Minor issues yea a shop might be able to patch it. With the average car getting closer to 15 years old … EVs will go to the crusher for the most part every decade or so except for a select few who have the means to hold on to them thinking they’ll be worth as much as w classic car.
Hate to say it, but I’ll bet that’s a coming fate of many hybrids and PHEVs too.
I leased the Honda Prologue December of 24 to get tax credit and the amazing subsidized deal from Honda. Heck it’s a GM Blazer EV underneath
When manufacturers and our Government team up the deal is hard to pass 300 mo zero down 36 months and I simply plug it in 110 at home. Costs about $75 mo to keep it charged. Got it for my 16 yr olds first car
As most think in 2028 the cars will be better. No need to be concerned with values and tech when you lease gas or electric. Lease when the manufacturer makes it too good. Plus why pay $50k outta pocket and be subject to maintenance costs and plummeting residual values
I think it has less to do with buyers being hesitant to commit to an EV lifestyle, and more to do with the heavily subsidized leased being offered. The payments are just cheaper.
Nailed it.
I drove my 2012 Volt 42 miles on electric yesterday. After 13 years, as of June 2nd, the battery range has not changed and still exceeds the 35 mile EPA estimated range when the weather is warm. Car has over 170K miles.
The whole batteries don’t last rhetoric is nonsense.
I have never leased a vehicle, I prefer to purchase to achieve maximum long term savings. So I can only assume that the high lease rate is a strong hedge against an anticipated very high depreciation risk or maintenance risk.
Looks like a lot of used EV’s will hit the used car market in a few years. Will be interesting to see how this works out.