[b4z]

The current low mileage lease of $329 mo for an lt is exactly what I paid on my $40k Cadillac SRX.

[l008com]

Originally Posted by b4z

The current low mileage lease of $329 mo for an lt is exactly what I paid on my $40k Cadillac SRX.

$329 /mo for 39 months, plus $3329 due at signing, $395 at end of lease. That's $16,555 for a car with a total price of $26,700 (according to the fine print.

That's 62% of the car's value.
That is an absolute shit deal. You are getting completely ripped off if you sign up for that lease!

[b4z]

Originally Posted by l008com

$329 /mo for 39 months, plus $3329 due at signing, $395 at end of lease. That's $16,555 for a car with a total price of $26,700 (according to the fine print.

That's 62% of the car's value.
That is an absolute shit deal. You are getting completely ripped off if you sign up for that lease!

It’s terrible! We need to go back to old gm where they subvented every lease and bought our loyalty with crazy incentives. Lol. Btw those are the exact terms for $40k Srx. Same down payment etc.

[l008com]

I got $2000 of bonus GM Card cash in the mail today, so I figured i'd check out lease rates again and see if there was anything good. There was not.

About $18,500 for a $30,000 msrp camaro on a 36 month lease.

But by comparison, you can lease a much more expensive colorado pickup for a lot less money! $15,200 for a 36 month lease on a pickup with a $34,000 MSRP.

Its like they don't want to make camaros.

[nametaken]

Hellcats are leasing great right now
I got quoted 7xx.00 zero down on a widebody, looked at a zl1 it was around a grand, zl1 was much much cheaper too
Too bad I didn't care for it, but that's not the point
Rates are stupid high now too, I've been seeing lots of recent articles about essentially the same thing as the housing bubble, but with car loans

[l008com]

Just checking out the 2019's. The lease rates are EVEN WORSE. Why would any one lease this car now? A 3 year lease on a $27000 Camaro is $19000. Is that a ****ing joke Chevy? You're paying 70% of that car's value!!!!!!!!! That "deal" is a flat out scam. I really am shocked. Up slightly from the ~40% of the cars valued I paid for a 3 year lease in 2013. Are they on drugs? Or are they just trying to lease the cars to people on drugs? A few more years and a 3 year lease will cost MORE than the MSRP on the car.

[Tyl3r]

Originally Posted by l008com

$329 /mo for 39 months, plus $3329 due at signing, $395 at end of lease. That's $16,555 for a car with a total price of $26,700 (according to the fine print.

That's 62% of the car's value.
That is an absolute shit deal. You are getting completely ripped off if you sign up for that lease!

The value of the car is never MSRP, always less. This makes it even a worse deal.

[Tyl3r]

Originally Posted by l008com

Just checking out the 2019's. The lease rates are EVEN WORSE. Why would any one lease this car now? A 3 year lease on a $27000 Camaro is $19000. Is that a ****ing joke Chevy? You're paying 70% of that car's value!!!!!!!!! That "deal" is a flat out scam. I really am shocked. Up slightly from the ~40% of the cars valued I paid for a 3 year lease in 2013. Are they on drugs? Or are they just trying to lease the cars to people on drugs? A few more years and a 3 year lease will cost MORE than the MSRP on the car.

A Camaro with a $27,000 MSRP can be had for $25K easily, making this deal much worse than you are even portraying, LOL.

[l008com]

I'm just going by msrp for the sake of even comparison. But yeah it's an amazingly bad deal.

[DorkMissile]

GM is not setting the value of the lease - leasing is pretty easy, it is all about what the car is worth in the end. If it depreciates 60-70% in three years, its going to be expensive irregardless of the model.

Comparing to a truck is just a whole different equation. It is like comparing property pricing in the ghetto to that of the suburbs.

The $27k Camaros are 1LT & 2LT trim are the 4cyl turbo versions, which are not the most desirable configurations for the Camaro in itself. Stack on top of it they are RWD, two door cars and you are in one of the least desirable platforms with the least desirable configurations in the car market, which in the end will severely impact the residual price.

Go look at the used 2016 4cy Camaro market. 20k mile cars have asking prices of $18k. I bet you could walk in with $15-16k and buy one, they just are not a product that sells. That’s why the payments are so high.

GM Cannot just make the dollars vanish

In relative terms, 1SS cars that stickered for $37k are being sold for $29k. That is only $8k in depreciation, whereas the 4cyl cars are taking a $12-13k hit in the same amount of time. $8k of depreciation is $222 / month of lease payment. $13k of depreciation is $361 / month, both of which are before interest (IE - the “rate” you speak of, which has very little impact on price).

TBH - you could probably lease a 2SS car for the same payment, probably another $1000 down.

When the sun goes down - looking at sticker price when leasing means nothing. It’s all about what it is worth when its new, and what everyone “thinks” it will be worth at the end of the lease. Sometimes they get the number wrong, might be in your favor, might be in their favor.

This is why most Japanese cars in the same segment of the car markets end up leasing for less money, they generally are worth more money at the 2 and 3 year mark then the domestic. 30 years of lower cost of ownership beyond 100k miles will net higher demands for the cars that last the longest.

Best cars to lease - 4Runner, Outbacks, Foresters. Those cars when three years old with 50k miles on them are selling for $4-5k less than new MSRP

[Glen e]

GM actually is setting the value of the lease, after ALG sets the residual, they decide how much they want to subvene the lease i.e. putting trunk money into the capitalized cost, to get the current lease rate. Right now, it looks like there is no subvention.

http://www.realcartips.com/leasing/0...lculated.shtml

[DorkMissile]

Sales 101 - its only worth what someone will pay for it. It appears that the number of used 4cyl RWD muscle cars outweigh the 4cy RWD muscle car buyers.

EcoBoost Mustangs are in a similar scenario. Both cars have a value proposition on a buy scenario, but are going to be rough on leasing because of the residual at the end.

[URBAN LEGEND]

Originally Posted by l008com

So? What does the time have to do with anything?

Not a damn thing. Nada.