03-21-2019, 08:20 PM | #15 |
Drives: 2017 1LT RS Convertible V6 A8 Join Date: Dec 2014
Location: Central Michigan
Posts: 280
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We just closed a deal on a new 18 1LE with the 0 % APR.....the deals are out there if you are in the right position to make it.
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2017 Camaro 1LT RS V6 A8 Convertible - Silver Ice/Black Cloth, K&N CAI, MRT v. 2 Axle Back, Redline-style Badges and Wheel Hashes, American Authority Grille & a Whole Lot of Attitude
2019 GMC Terrain SLE 1.5T - Blue Steel Metallic/Black Cloth "Soccer Mom Spec" |
03-21-2019, 09:58 PM | #16 |
Drives: 2018 Camaro LS / 2018 Equinox LS Join Date: Mar 2019
Location: GA
Posts: 64
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03-21-2019, 10:17 PM | #17 |
Drives: 2017 HBM 2LT RS Convertible V6 A8 Join Date: Jan 2018
Location: NJ
Posts: 654
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What's the mileage allowance on the lease and how many miles do you anticipate putting on the car? I've seen people get a 'great' deal on a lease without considering the low milage allowed and getting screwed with what they owed at the end of the lease period.
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03-21-2019, 11:27 PM | #18 |
Retired from GM
Drives: 2017 Camaro Fifty SS Convertible Join Date: Mar 2017
Location: Detroit
Posts: 5,191
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At the end of the day, you’re getting a brand new Camaro SS for $32,917. That’s a smokin’ good deal. Buying the car today with that much cash would be a really good deal. Using their money for 2 years makes it an even better deal. The lease buyout price is a done deal. I’m going through that right now. We’ve decided to buy my wife’s Volt rather than turn it back in when lease is done. The purchase price is the same as agreed upon on the day we signed the lease.
Make the deal and don’t look back (unless there are blue lights in your mirror. Then you should look back. And pull over)
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2017 CAMARO FIFTY SS CONVERTIBLE
A8 | MRC | NPP | Nav | HUD | GM Performance CAI | Tony Mamo LT1 V2 Ported TB | Kooks 1-7/8” LT Headers | FlexFuel Tune | Thinkware Q800 Pro front and rear dash cam | Charcoal Tint for Taillights and 3rd Brakelight | Orange and Carbon Fiber Bowties | 1LE Wheels in Gunmetal Gray | Carbon Fiber Interior Overlays | Novistretch bra and mirror covers | Tow hitch for bicycle rack | |
03-21-2019, 11:30 PM | #19 |
Retired from GM
Drives: 2017 Camaro Fifty SS Convertible Join Date: Mar 2017
Location: Detroit
Posts: 5,191
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Only an issue if he turns it in off lease. If he’s dead set on purchasing it, miles are meaningless. We’ll be over miles on my wife’s Volt if we turn it in. As it turns out, I found out today I can buy it for the price established when we signed the lease, and if I do it now, two months before the lease is up, I can save two lease payments. BONUS!!
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2017 CAMARO FIFTY SS CONVERTIBLE
A8 | MRC | NPP | Nav | HUD | GM Performance CAI | Tony Mamo LT1 V2 Ported TB | Kooks 1-7/8” LT Headers | FlexFuel Tune | Thinkware Q800 Pro front and rear dash cam | Charcoal Tint for Taillights and 3rd Brakelight | Orange and Carbon Fiber Bowties | 1LE Wheels in Gunmetal Gray | Carbon Fiber Interior Overlays | Novistretch bra and mirror covers | Tow hitch for bicycle rack | |
03-22-2019, 04:04 AM | #20 |
Drives: 2SS Hyper Blue Join Date: Jun 2018
Location: N. California
Posts: 234
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Ya know - I've never done a lease and never had much interest in one.
On the other hand I know a couple guys who swear by them. They know they have to return them with new OEM spec tires and will get hit for a few bucks for wear - but they also get the low low signing and low low payments. I have to admit for a low mile a year commuter - where having a car is mandatory - a lease at sub 180/month can make a lot of sense. Timing seems to be the key. At 485/month I kida pucker - but that's depreciation - LOL. For the OP it might too. In fairness the SS is a pretty decent car for the price.
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2018 Hyper Blue 2SS - SOLD
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03-22-2019, 04:39 AM | #21 |
Drives: 2017 2SS A8, 2018 Macan GTS Join Date: Sep 2017
Location: New York
Posts: 133
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The choice is actually simple hinging on 2 factors. One, will you go over the milage limit of the lease? If not then lease. Do you want a new car every 2 or 3 years? Then lease. As soon as you drive off the lot the value of the car depreciates. If you buy, yes you will have equity in the car but still never get all that money back when you trade it in or sell it.
Food for thought. |
03-22-2019, 06:20 AM | #22 | |
Drives: 2SS Hyper Blue Join Date: Jun 2018
Location: N. California
Posts: 234
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Quote:
Some guy hit me a month later in a brand new Outback with 1,000 miles on it. Totally his fault. I had "new car replacement" (as seen on TV - and let my insurance handle all of it it) which pays higher of ACV or purchase price. In my case there were few 1,000 mile Outbacks on the market and they were very expensive. I made 4,500 free and clear over what I paid for it OTD taking the ACV offer - I was happy. My only point I guess is to add another factor. COPART is full of crashed new SS Camaros - so on top of lease - look at New Car Replacement or proper GAP coverage. Drive safe.
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2018 Hyper Blue 2SS - SOLD
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03-22-2019, 06:23 AM | #23 |
Drives: Former 2016 Camaro 1LT Join Date: Jan 2017
Location: Naples, FL
Posts: 760
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Leasing is not a bad option IF:
-You keep the miles low and within your allotment. (Even better if you stay below, that way you will have equity at the lease's end or if you need to terminate the lease before the lease's end.) -You keep the car meticulous- no dents, dings, scratches, stains on the interior seats, etc. At the end of the lease they charge BIG if you have cosmetic issues and if you go over the mileage. They will do a detailed inspection. That being said it is better to buy and pay cash if you can but leases do work for some people.
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2006 C6 Corvette Manual, 2019 Silverado, 1997 Jeep Wrangler
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03-22-2019, 07:50 AM | #24 |
Drives: 2018 Camaro SS Join Date: Feb 2016
Location: DMV
Posts: 129
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Everything sounds like a great deal, specifically the fact that you have to put no money down. There are a ton of advantages to leasing, and it sounds like you have it down.
The only thing I will say is that when you go to buy your vehicle at the lease end, you're effectively "resetting" the payment clock, meaning you're buying a used car all over again. So if you plan on purchasing after the lease is up, start those payments now so that at the end of the 2 year equivalent (what you would have leased for), you'll actually have positive equity on the car.
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Current - 2018 Camaro 1SS with MRC, 1LE Suspension, NPP Exaust, 6 Speed.
Past - 2016 Ford Mustang GT Performance Pack 2015 Camaro SS 2010 Ford Mustang GT |
03-22-2019, 08:34 AM | #25 |
Is it a black car? I wish I would have been the first owner of mine, all my time spent fixing the paint isn't free.
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03-22-2019, 09:22 AM | #26 |
Retired from GM
Drives: 2017 Camaro Fifty SS Convertible Join Date: Mar 2017
Location: Detroit
Posts: 5,191
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I’ve had good experiences with leases. Over the years we’ve done about a dozen leases. My favorites were
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2017 CAMARO FIFTY SS CONVERTIBLE
A8 | MRC | NPP | Nav | HUD | GM Performance CAI | Tony Mamo LT1 V2 Ported TB | Kooks 1-7/8” LT Headers | FlexFuel Tune | Thinkware Q800 Pro front and rear dash cam | Charcoal Tint for Taillights and 3rd Brakelight | Orange and Carbon Fiber Bowties | 1LE Wheels in Gunmetal Gray | Carbon Fiber Interior Overlays | Novistretch bra and mirror covers | Tow hitch for bicycle rack | |
03-22-2019, 09:31 AM | #27 | |
Banned
Drives: Camaro Join Date: Jan 2019
Location: Indiana
Posts: 215
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Quote:
In any case, car companies are not out to lose money. When your lease is running out, take it to dealers and attempt to trade it in or sell it outright. Chances are there is quite a bit of residual value in it and instead of rewarding the manufacturer just pocket the difference yourself. |
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03-22-2019, 09:53 AM | #28 |
Drives: 2016 1SS NFG A8 Join Date: Aug 2017
Location: 46804
Posts: 6,764
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good deal if your intent is to buy it at the end of the lease.
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2016 NFG 1SS A8
Options-2SS Leather/NPP Perf. mods-Whipple 2.9/Fuel System/Flex Fuel/103mm TB/Rotofab Big Gulp/Cat Deletes/Corsa NPP Per. times- 10.5 @ 137 w/ 1.8 60ft Full weight on 20's 1200DA |
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