The Chevy Equinox EV is suddenly way more expensive to lease at over $500 a month
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- Chevy raised 2026 Equinox EV lease prices in June, listing the FWD LT2 at $529/month for 36 months with $4,729 due at signing, an effective cost of roughly $650/month.
- Chevy cut Equinox EV customer cash from up to $5,000 last month to just $1,000 on select trims, excluding the most affordable LT1 entirely; a $10,000 (20% off) discount was available just two months ago.
- Chevy replaced 0% APR for 60 months financing with 2.9% APR for 36 months, making the Equinox EV more expensive to finance as well as lease.
- The Equinox EV FWD LT1 lease jumped from $269/month for 39 months (with $3,659 down, effective $362/month) in April to $554/month this June on the same terms.
- The 2027 Chevy Bolt EV is now cheaper to lease than the Equinox for Costco members thanks to a new $1,000 incentive ($1,250 for executive members), running $411/month at $3,659 down — $143 less per month than the Equinox LT1.
- Hyundai is offering a $7,000 discount on all 2026 IONIQ 5 models with leases from $259/month for 24 months, and the Tesla Model Y lease starts at $459/month for 36 months — both undercut the Equinox EV on monthly payment.
Why it matters: Shoppers who were eyeing the Equinox EV as a budget-friendly long-range option (319 miles from a $36,495 base) just lost both the $10,000 spring discount and 0% financing in a single month, and the article's own math shows the base LT1 lease nearly doubled to $554/month. With the new 2027 Bolt, Hyundai IONIQ 5, and Tesla Model Y all now leasing for less per month, the Equinox's value proposition has eroded at exactly the moment competitors are stacking incentives.
