Help me with my numbers! Please... - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Ravage · 03-30-2013, 10:26 PM

So I'm looking at buying my first American car. I've had Honda Civic -> Volvo S60 -> Nissan Rogue -> Infiniti EX35...

Now I'm looking at getting a Camaro 2SS RS. The full package is this:

2SS
Rally Yellow
Black interior
RS package
6 speed auto
MyLink with Navigation
Black Rally Stripes
Power Sunroof

MSRP is $42,130

I'm being offered $41k for it. It's coming from 1100 miles away too since there are none near by in yellow.

I'm trading in my Infiniti EX35 lease, and getting $0 for it, but not paying anything and that trade clears the tax on the car.

I was originally quoted $697 a month for the lease with $3500 down.

Now realize my Infiniti was $48k and with $3500 down I pay $535 a month, so already I'm not impressed.

Before I walk out I was offered $550, and after I walked out I had two phone calls and three text messages offering me $500.

Now my Infiniti is 535 inc tax, so around $480.

$490 is ok, but this is a car $8k less.... Checking BMW's Money Factor (the only money factor I know off hand) with the price and what I was told on the Camaro would be a 59% residual, that should work out to be $397 a month.

Using a higher money factor brings it up to around $460.

So am I right that $400 is possible on this, or is this just too low and I really should expect to pay more?

on3fastss · 03-31-2013, 02:11 AM

For that price you could get the 1LE!

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CHMSC · 03-31-2013, 02:43 AM

For $697 you could buy it, and your payments would be cheaper than that. Unless you don't have good credit and your APR is really high. I would assume you have good credit though so your payments should be a lot less for a lease.

Ravage · 03-31-2013, 09:29 PM

So I signed the papers today:

$442 a month + Tax, $3k down, $4500 first payment.

Car should turn up on Wednesday I hope, being trucked so should have under 100 miles at least I hope it will. My infiniti had over 400 when I got it new :-(

I received the keys to a second hand 2010 SS RS, so been having fun with that today and very excited about mine arriving later in the week.

03-30-2013, 10:26 PM	#1
Ravage Drives: 2013 2SS RS Join Date: Mar 2013 Location: WA Posts: 21 View My Garage	Help me with my numbers! Please... So I'm looking at buying my first American car. I've had Honda Civic -> Volvo S60 -> Nissan Rogue -> Infiniti EX35... Now I'm looking at getting a Camaro 2SS RS. The full package is this: 2SS Rally Yellow Black interior RS package 6 speed auto MyLink with Navigation Black Rally Stripes Power Sunroof MSRP is $42,130 I'm being offered $41k for it. It's coming from 1100 miles away too since there are none near by in yellow. I'm trading in my Infiniti EX35 lease, and getting $0 for it, but not paying anything and that trade clears the tax on the car. I was originally quoted $697 a month for the lease with $3500 down. Now realize my Infiniti was $48k and with $3500 down I pay $535 a month, so already I'm not impressed. Before I walk out I was offered $550, and after I walked out I had two phone calls and three text messages offering me $500. Now my Infiniti is 535 inc tax, so around $480. $490 is ok, but this is a car $8k less.... Checking BMW's Money Factor (the only money factor I know off hand) with the price and what I was told on the Camaro would be a 59% residual, that should work out to be $397 a month. Using a higher money factor brings it up to around $460. So am I right that $400 is possible on this, or is this just too low and I really should expect to pay more?

03-31-2013, 02:43 AM	#3
CHMSC ROAD COURSE JUNKIE Drives: 2012 SS/RS LS3 Join Date: Oct 2012 Location: Somewhere Posts: 4,868 View My Garage	For $697 you could buy it, and your payments would be cheaper than that. Unless you don't have good credit and your APR is really high. I would assume you have good credit though so your payments should be a lot less for a lease. __________________

03-31-2013, 02:11 AM	#2
on3fastss Drives: 2010 Camaro SS\RS Join Date: Jun 2012 Location: socal Posts: 160	For that price you could get the 1LE! Sent from my DROID RAZR using Tapatalk 2

03-31-2013, 09:29 PM	#4
Ravage Drives: 2013 2SS RS Join Date: Mar 2013 Location: WA Posts: 21 View My Garage	So I signed the papers today: $442 a month + Tax, $3k down, $4500 first payment. Car should turn up on Wednesday I hope, being trucked so should have under 100 miles at least I hope it will. My infiniti had over 400 when I got it new :-( I received the keys to a second hand 2010 SS RS, so been having fun with that today and very excited about mine arriving later in the week.