Lease Deal on Camaro 1SS, good or no?
 

Hey Folks,

Currently, Camaro doesn't have a 0% APR; therefore, financing is more costly than leasing it. I have been to several dealership and that is the case. I work for General Motors (yes I take pride in it) and i get GM employee pricing as well as a limited employee appreciation certificate. All of those factors combined, i am getting a brand new 2019 Camaro SS (1SS) and stick shift for $485 per month. At the end of the 24 month lease, the residual will be $21,277 which is what I can purchase the car for.

In other words, (485 * 24) + 21277 = 32917 is what the car will cost me.

Is there anything that i am not seeing or anticipating our of excitement? How decent is this deal? If I wait around, can i get better deal on a finance perhaps? I am new to the forum and really looking forward to be a proud Camaro owner one day.

The best deal is to put money in the bank and buy the car for cash when you have enough.

Money in bank is better than money spent? Considering i have enough, i would still like to pay monthly rather than pay that much upfront.

Don't lease. Buy one slightly used and save money. Most people I know always regret doing a lease

i was thinking that the price with my gm discount falls in the same price range of getting a used one considering the msrp is 37000 or so

If you plan on buying it out that does sound like a good deal.

That overall price and deal isn't too bad if you plan on purchasing the car after the lease. As far as leasing goes, I have a buddy who leases and is on his 2nd camaro lease with this one being a 1LE and he's loving it (probably gonna buy this one).

When I bought my 2SS the 1SS was right around that price. Even a few bucks less via the Amex car program. I had a GM supplier discount and while it was good for pricing - there were better deals to be had.

485 is a lot every month. I paid cash for the2SS and love not having a payment. So like others have said, wait and save, then toss that money every month back into savings or 401k.

$485 is with no money down? Tax included?

On the face it is a good deal. I assume the sticker is what $37K and it would seem your getting it for $32K so that is a square deal.

My only concern would be if that $21K is set in stone or could it increase. If it a solid number then it is still a good deal.

$32,917 is a good price.
 

If that is your total price and you have the funds available take the deal and enjoy the car. Good luck with your decision.

yep

Doesn’t mean he will. I’ve never regretted a lease.

Seems pretty good then. I assume the lease interest rate is pretty high, but your employee discount seems to have more than made up for it.

There are a ton of numbers at play here; current lease rate, interest rate/term of loan when you go to buy it out (unless you walk away after 2 years, or pay cash).

Hard to say which way is the cheapest without a lot more info, but if it is in your budget either way, more power to you.