Quote:
Originally Posted by Corona
2016 Camaro 2SS - 8SPD Auto, NPP, NAV, Sunroof, 20" Split Spoke wheels -- MSRP $46450
--Discounted to $44,950. After $1000 private offer, $1000 dealer offer. Purchase price of $42,950.
--Here is the nut kicker. Buyout for my 2015 Malibu lease is 20,800. Dealer trade-in $16,800. (4k negative equity boooooo).
--48 month lease. 12k miles per year. Residual Value $21,xxx. (51% residual)
---- Taxes of approximately 2k rolled into lease. $900 out of pocket at signing to cover 1st month and registration. Total monthly payment...... $600.
Sleeping on it tonight and going into the dealership again tomorrow. Thoughts?
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Don't do it. I know you want the car but you are close to a fully financed purchase payment on that lease. If you have to have the car, get a second job or wait for a 2017. You could wait and get a low milage 2016 as used vehicle in 2017. Buy one from someone off this forum (arguably better than new... depending). Someone will unload a nice SS for a 1LE or other high performance version (or they have job issues, kid goes off to college or the wife gets knocked up again). Bottom line; wait and make a better deal when you have more leverage.