Lease Deal on Camaro 1SS, good or no?

jfearh · 03-21-2019, 04:12 PM

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.

Rock-It Man · 03-21-2019, 04:24 PM

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

jfearh · 03-21-2019, 05:40 PM

Quote:

Originally Posted by Rock-It Man

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.

CruzySS · 03-21-2019, 05:48 PM

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

jfearh · 03-21-2019, 05:51 PM

Quote:

Originally Posted by CruzySS

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

CamaroChriSS · 03-21-2019, 06:36 PM

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

13BlackCamaroSS · 03-21-2019, 06:38 PM

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).

matt fe2o3 · 03-21-2019, 06:46 PM

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.

GOMD · 03-21-2019, 07:09 PM

$485 is with no money down? Tax included?

CoolbreezeNJ · 03-21-2019, 07:23 PM

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.

JeffFox · 03-21-2019, 07:35 PM

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

jfearh · 03-21-2019, 07:39 PM

Quote:

Originally Posted by GOMD

$485 is with no money down? Tax included?

yep

URBAN LEGEND · 03-21-2019, 07:42 PM

Quote:

Originally Posted by CruzySS

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

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

GOMD · 03-21-2019, 07:53 PM

Quote:

Originally Posted by jfearh

yep

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.

03-21-2019, 04:12 PM	#1
jfearh Drives: 2018 Camaro LS / 2018 Equinox LS Join Date: Mar 2019 Location: GA Posts: 64	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.

03-21-2019, 06:38 PM	#7
13BlackCamaroSS Drives: 2016 Camaro 2SS Join Date: May 2013 Location: Indiana Posts: 563 View My Garage	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). __________________ Race what you brung, Hope you brung enough 2016 2SS, NPP, Adrenaline Red Leather and Pads, 6sp, Sunroof, Black Bowties, Upgraded Wheels, 15% Tint, Kooks Headers, MBRP Exhaust, 1LE Wheels, Badging, Ported Throttle Body, Procharged, Snow Performance Stage 2 Meth Kit Coming Soon: Custom Cam, E85, Ported Heads

03-21-2019, 06:46 PM	#8
matt fe2o3 Drives: 2SS Hyper Blue Join Date: Jun 2018 Location: N. California Posts: 234	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. __________________ 2018 Hyper Blue 2SS - SOLD

03-21-2019, 07:35 PM	#11
JeffFox Drives: 2018 2SS Coupe A8 Join Date: Nov 2016 Location: Menomonee Falls WI Posts: 213 View My Garage	$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.

03-21-2019, 04:24 PM	#2
Rock-It Man 376 cubic inches of fun Drives: 2023 Camaro ZL1 A10 Join Date: Jul 2010 Location: MA Posts: 4,033 View My Garage	The best deal is to put money in the bank and buy the car for cash when you have enough.

03-21-2019, 05:48 PM	#4
CruzySS Drives: 2016 Camaro 2ss Join Date: May 2017 Location: Annandale MN Posts: 588 View My Garage	Don't lease. Buy one slightly used and save money. Most people I know always regret doing a lease

03-21-2019, 06:36 PM	#6
CamaroChriSS Drives: 16 1SS M6 Black -previous 00 Z28 M6 Join Date: Oct 2018 Location: DC Posts: 255	If you plan on buying it out that does sound like a good deal.

03-21-2019, 07:09 PM	#9
GOMD Drives: 2017 Camaro 1SS, 2023 Sierra Join Date: Feb 2014 Location: Cleveland, OH Posts: 196	$485 is with no money down? Tax included?

03-21-2019, 07:23 PM	#10
CoolbreezeNJ Drives: '18 Hotwheels 2SS Join Date: Jun 2018 Location: NJ Posts: 117	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.

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