trade in my 21 lt1 for a 23?

ApollosChevy · 06-09-2022, 01:52 PM

hey guys id like your input, i have 21 lt1 in summit white right now almost at 10k miles.
i can turn in my lt1 that has no options for a vivid orange 23 with bose and the rs package for around the same price a month as the vivid orange. its a lease that has equity, the dealer is gonna buy it out and use the money towards the purchase price of the 23 lt1. i plan on buying the car at the end, is this a smart move? or does it make no sense to go from a lt1 to a lt1 thanks guys!

kropscamaro16 · 06-09-2022, 02:08 PM

doesnt make sense unless your going to upgrade from a lt1 to a ss or 1le or zl1

taylorforschool@gmail.com · 06-09-2022, 02:35 PM

Quote:

Originally Posted by kropscamaro16

doesnt make sense unless your going to upgrade from a lt1 to a ss or 1le or zl1

+1 sounds likes the dealer just wants your money for longer

edragta · 06-09-2022, 04:17 PM

Doesn’t make sense unless you change the trim level, you would be getting basically the same car in a different color, it’s not worth the money.

ApollosChevy · 06-09-2022, 04:22 PM

it would comeout to the same price as my current car its not worth it for those extra options and a fresh start on the miles again?

ckt227 · 06-10-2022, 07:49 AM

Just for thought. My brothers lease on a Jeep Wrangler was up. He was going to get another one to lease. The sales person who is a family friend (or he wouldn't have suggested it), told him to buy it at the residual agreed upon price when he leased it.

Sold it a short time later and made $4500 over what he bought it for due to this crazy market. Then he leased another one. I'm guessing that was a one time lucky shot as I feel the market may have recovered after his 3 year lease is over on the new one.

rst08tierney · 06-10-2022, 08:03 AM

Take your equity and put a nice chunk down on that 23. Well worth that beautiful Orange RS package and Bose. This might possibly be the only time when an individual leases a car and there's going to be equity at the end of the terms.

You'll also have a new warranty for 3 years, new tires and a few free oil changes. In the long run if the numbers stay the same you'll be ahead. Remember if you were to buy the lease you'll also need to pay tax on the buyout amount. Your better off taking your tax and equity money and making a down payment on that 23.

Advise. Call around and make sure your getting the most money for your lease buy out. You can sell it to any dealership. Call who ever has your loan and get your buy out numbers. Read your contract. You may be on the hook for an additional $350-$500 for buying the vehicle out.

19SW1LE · 06-10-2022, 08:21 AM

Quote:

Originally Posted by ApollosChevy

it would comeout to the same price as my current car its not worth it for those extra options and a fresh start on the miles again?

Your first question is "is it a smart move? and now "is it worth it?", those two are very different. Smart move?, maybe not so much, Is it worth it?, only if it's worth it to you. I sold my 19 1SS SS 1LE and bought an 18 2LT V6 1LE w/pdr, I pocketed a bunch of money and enjoying the car as much if not even more than my SS. To most guys here, that is a dumb decision but to me it was very smart move and totally worth it.

ApollosChevy · 06-10-2022, 08:46 AM

my man thanks for the advice, i will call around and price to make sure im getting the best deal. appreciate it rst08tierney

06-09-2022, 01:52 PM	#1
ApollosChevy Drives: 2021 Camaro LT1 A10 Join Date: May 2022 Location: Macomb, Michigan Posts: 16	trade in my 21 lt1 for a 23? hey guys id like your input, i have 21 lt1 in summit white right now almost at 10k miles. i can turn in my lt1 that has no options for a vivid orange 23 with bose and the rs package for around the same price a month as the vivid orange. its a lease that has equity, the dealer is gonna buy it out and use the money towards the purchase price of the 23 lt1. i plan on buying the car at the end, is this a smart move? or does it make no sense to go from a lt1 to a lt1 thanks guys!

06-09-2022, 02:08 PM	#2
kropscamaro16 Drives: 2016 1ss camaro Join Date: Feb 2016 Location: 909 Posts: 9,818	doesnt make sense unless your going to upgrade from a lt1 to a ss or 1le or zl1 __________________ 16 1SS NIGHTFALL GRAY METALLIC WITH NPP #BECAUSERACECAR #SAVETHEMANUALS

06-10-2022, 08:03 AM	#7
rst08tierney Account Suspended Drives: '23 2SS Rapid Blue Join Date: Apr 2022 Location: CA Posts: 202	Take your equity and put a nice chunk down on that 23. Well worth that beautiful Orange RS package and Bose. This might possibly be the only time when an individual leases a car and there's going to be equity at the end of the terms. You'll also have a new warranty for 3 years, new tires and a few free oil changes. In the long run if the numbers stay the same you'll be ahead. Remember if you were to buy the lease you'll also need to pay tax on the buyout amount. Your better off taking your tax and equity money and making a down payment on that 23. Advise. Call around and make sure your getting the most money for your lease buy out. You can sell it to any dealership. Call who ever has your loan and get your buy out numbers. Read your contract. You may be on the hook for an additional $350-$500 for buying the vehicle out. Last edited by rst08tierney; 06-10-2022 at 09:38 AM.

06-09-2022, 04:17 PM	#4
edragta Drives: Honda Pilot Join Date: Mar 2022 Location: Boston, MA Posts: 42	Doesn’t make sense unless you change the trim level, you would be getting basically the same car in a different color, it’s not worth the money.

06-09-2022, 04:22 PM	#5
ApollosChevy Drives: 2021 Camaro LT1 A10 Join Date: May 2022 Location: Macomb, Michigan Posts: 16	it would comeout to the same price as my current car its not worth it for those extra options and a fresh start on the miles again?

06-10-2022, 07:49 AM	#6
ckt227 Drives: CHEVROLET CORVETTE Join Date: Feb 2021 Location: SWFL Posts: 513	Just for thought. My brothers lease on a Jeep Wrangler was up. He was going to get another one to lease. The sales person who is a family friend (or he wouldn't have suggested it), told him to buy it at the residual agreed upon price when he leased it. Sold it a short time later and made $4500 over what he bought it for due to this crazy market. Then he leased another one. I'm guessing that was a one time lucky shot as I feel the market may have recovered after his 3 year lease is over on the new one.

06-10-2022, 08:46 AM	#9
ApollosChevy Drives: 2021 Camaro LT1 A10 Join Date: May 2022 Location: Macomb, Michigan Posts: 16	my man thanks for the advice, i will call around and price to make sure im getting the best deal. appreciate it rst08tierney

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