Thread: Who is leasing?
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Old 05-23-2016, 10:15 PM   #109
angelbones
 
Drives: Hyper Blue 2SS w/Ceramic Int, NPP
Join Date: Apr 2016
Location: Florida
Posts: 122
Quote:
Originally Posted by raptor5244 View Post
Yeah, 57% after 2 years sends the wrong message to anyone. You would hope your car does not depreciate that fast. They may be taking the same approach they do with new corvettes. You don't see many lease offers on them as well, but they continue to sell everyone they make each year.
After all these posts, I'm going to assume this is true, as no one has refuted it. That being the case, if I wanted to only keep the car for two years (and actually I also considered a 2 year lease), seems like it would be better to buy and sell it in two years. The car is not going to depreciate 43% in two years. Conservatively, I suspect it would depreciate, in real world numbers, about 12k-13k for a 2SS (roughly 45k sale price). So you'd end up losing less money by buying then selling the car in 2 years, rather than a 2 year lease at 57%. GM must be crazy.
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