Chevrolet Powers Up Savings: 0% APR Financing On 2024 EV Models

Chevrolet has unveiled an ambitious new incentive program for its electric vehicle (EV) lineup, where it offers unprecedented financing deals that could save buyers thousands on their 2024 Equinox EV and Blazer EV purchases.

Unrivalled Financing Options

The program, which began January 14 and runs through March 3, 2025, represents Chevrolet’s most aggressive push yet to accelerate EV adoption in an increasingly competitive market. The centerpiece of the new program is a 0% APR financing offer for 60 months on both the Equinox EV and Blazer EV models, marking a significant improvement over previous financing terms.

For buyers seeking longer payment periods, Chevrolet is also offering 0.9% APR for 72 months and 2.9% APR for 84 months through GM Financial. These improved financing terms could translate to around $5,200 in savings on a $45,000 vehicle with a seven-year loan.

Trade-In Bonuses and Flexible Options

Adding to the appeal, Chevrolet has introduced a trade-in bonus program that provides additional incentives for current vehicle owners. Buyers can receive a $1,000 trade-in bonus when purchasing either the Equinox EV or Blazer EV, while those opting for the Silverado EV can qualify for an even more substantial $3,000 bonus. For customers choosing to lease, these bonuses are reduced to $500 for the electric SUVs and $1,500 for the Silverado EV.

To further enhance the appeal of these offers, Chevrolet also includes a 90-day payment deferral option, and the trade-in bonus can be transferred to members of the same household, providing additional flexibility for families considering an EV purchase. These comprehensive incentives designate Chevrolet’s aim to expand its presence in the EV market, particularly as it competes with other established EV models.

Competing in a Crowded EV Market

The 2024 Chevrolet Equinox EV, which starts at $41,900, offers an exceptional range of up to 315 miles on a single charge, while the Blazer EV, starting at $43,690, provides up to 279 miles of range. These competitive base prices, combined with the new financing and trade-in incentives, position Chevrolet’s EVs as increasingly attractive options for consumers considering the switch to electric mobility.

Read More: GM Powers Ahead: 50% Jump In EV Sales Reaches New Milestones In 2024

With Chevrolet’s EV lineup becoming more appealing, the new incentive program reflects the broader EV industry trend of automakers using aggressive financing and bonus offers to stimulate EV adoption, particularly as the market becomes increasingly competitive and consumers face a growing array of EV options.

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