The 2024 Chevy Silverado EV lease price costs more than two Rivian trucks

The 2024 Chevy Silverado EV lease prices are so expensive that you could lease two Rivian R1T Adventure trucks and still spend less.

The folks at CarsDirect report that a Chevy bulletin sent to dealers lists the Silverado EV at $1,449 for 39 months, with $5,679 due at signing. That’s for the RST trim based on an MSRP of $96,495 with destination and 10,000 miles a year. That makes the effective cost of the lease an eye-watering $1,595 per month… and that’s before taxes & fees.

Let’s compare that to the cost of leasing two Rivian trucks: The 2024 Rivian R1T Adventure leases for $581 for 36 months with $7,471 at signing, or $789 per month. That’s for the Dual Motor Large Battery Pack with an MSRP of $75,000. So if you leased two R1T Adventures, you’d spend $17 less a month than for a 2024 Silverado RST EV.

To really drive the point home, two R1T Adventures have an MSRP of $150,000. The Silverado MSRP is just under $97,000. Yet the latter costs more to lease.

The Silverado EV is a terrible deal for three reasons. First, it has no lease discounts. Second, the 39-month lease deal is based on a rate equivalent to 7.2%. And third, the underlying residual value is 55%, and CarsDirect reports that Chevy isn’t passing a commercial tax credit along to its customers.

As for a 24-month lease for the Silverado RST, that’s $15,569(!) down at signing, and the monthly payment would be over $2,000 a month. That’s a bit.. much.

Read more: Chevy Silverado EV RST first drive: Incredible range and power, but is it worth the hefty price? [Video]

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