leasing or buying ZL1? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

GreenMonster · 04-30-2011, 01:13 AM

Do u plan on leasing or buying the ZL1 ? I hope to be to afford one when it comes out and lease it because the by the time the lease ends the 6 th gen would be out. If its better Ill lease the 6th gen.

What do you guys plan 2 do ?

upheval · 04-30-2011, 01:18 AM

Got the cash in hand now, just waiting for it to come out.

Shurenuff · 04-30-2011, 02:34 AM

Buying and keeping for a very long time, possibly for life.

Blue Menace · 04-30-2011, 07:52 AM

I didn't think leasing was an option?

sed34 · 04-30-2011, 01:45 PM

Quote:

Originally Posted by Blue Menace

I didn't think leasing was an option?

agreed. i don't think they would have a lease program for that car. beside i never understood leasing in the first place. Just paying the bank without gaining anything in return. Kind of like renting a house. you get nothing out of it, but the owner is banking your money.

djsnoflake · 04-30-2011, 02:07 PM

I very highly doubt that they will lease them.

Not saying they won't, just saying I would be shocked if they do.

GreenMonster · 04-30-2011, 03:22 PM

Ive never known of a car that you cant lease. When they come out they only offer the buy option for about 6-9months then after that you can lease.

Ron66Vette&10SS · 04-30-2011, 04:18 PM

Originally I was considering leasing an SS. After looking into it, it made more financially sense to buy one. The lease payments AND final cash "loss" at the end of 2 years (using estimated residual and used car values) were both MUCH more than just buying it.

When i was looking into it, I read of some people (business owners or salesmen maybe?) being able to write off a leased car (Corvettes no less!) as a business expense for tax purposes. Otherwise, I can't see leasing as being advantageous

.

GreenMonster · 04-30-2011, 04:31 PM

I mean theres pros and cons to everything. Lease payment are relatively a lot less than buying option payments. And in three-4 years you get to switch the car to another no questions asked, there's always something better out

GoldenBear · 04-30-2011, 06:01 PM

Leasing a vehicle is almost always more expensive than buying a vehicle over the course of one's possession of the vehicle, unless one is able to write off the lease as a business expense. The advantage to leasing, if one is short on cash and is planning on making payments, is that the monthly payments are generally lower than with a purchase, so the lease has a short term cash flow advantage.

ackeight · 04-30-2011, 06:04 PM

If you keep the car less than 3 years lease. It makes more financial sense. With depreciation and interest you will be better off. If you want it longer finance or pay cash. I'm sure some of the higher end leasing companies will have a ZL1 or 2 hanging around with some lease options.

stratman2SSRS · 04-30-2011, 07:43 PM

I'll be buying mine, even though my 2010 will be faster, and have more power.

GTAwheelman · 04-30-2011, 08:46 PM

Quote:

Originally Posted by stratman2SSRS

I'll be buying mine, even though my 2010 will be faster, and have more power.

i bet it will be silver

stratman2SSRS · 04-30-2011, 08:49 PM

Quote:

Originally Posted by GTAwheelman

i bet it will be silver

You got it!!

04-30-2011, 01:13 AM	#1
GreenMonster Its all about the U Drives: 2010 SGM Join Date: Mar 2010 Location: Miami Posts: 1,671	leasing or buying ZL1? Do u plan on leasing or buying the ZL1 ? I hope to be to afford one when it comes out and lease it because the by the time the lease ends the 6 th gen would be out. If its better Ill lease the 6th gen. What do you guys plan 2 do ? __________________ C5.SFC5//FacebookSFC5\\SFC5.TK

04-30-2011, 01:18 AM	#2
upheval All over the planet Drives: 2007 C6 M6 Victory Red Join Date: Sep 2008 Location: Highlands, Texas Posts: 109	Got the cash in hand now, just waiting for it to come out. __________________ 2007 Corvette C6 M6 Victory Red Mods Edelbrock E Force, Headers, Cats, Corsa Extreme Exhaust, Dyno'd Tuned 552RWHP 512RWTQ 2009 Pontiac G8GT Full Exhaust Magna Charger Dyno'd Tuned 543RWHP 489RWTQ 2011 2500HD 6.6 4X4 Z71 397HP 767TQ Factory Waiting on the ZL1

04-30-2011, 03:22 PM	#7
GreenMonster Its all about the U Drives: 2010 SGM Join Date: Mar 2010 Location: Miami Posts: 1,671	Ive never known of a car that you cant lease. When they come out they only offer the buy option for about 6-9months then after that you can lease. __________________ C5.SFC5//FacebookSFC5\\SFC5.TK

04-30-2011, 04:18 PM	#8
Ron66Vette&10SS Plays with Hot Wheels Drives: '17 Jet Black ZL1 Join Date: Apr 2010 Location: Derby, Kansas Posts: 849	Originally I was considering leasing an SS. After looking into it, it made more financially sense to buy one. The lease payments AND final cash "loss" at the end of 2 years (using estimated residual and used car values) were both MUCH more than just buying it. When i was looking into it, I read of some people (business owners or salesmen maybe?) being able to write off a leased car (Corvettes no less!) as a business expense for tax purposes. Otherwise, I can't see leasing as being advantageous . __________________ Previous Cars: '78 Z28, '92 Z28, '95 Z28, '85 Corvette, '01 SS, '96 Z28, '04 Z06 Corvette, '10 SS, '13 SS Hot Wheels Current Cars: '17 ZL1(daily driver), '04 Trailblazer (rain & snow), '66 Corvette (restoring)

04-30-2011, 04:31 PM	#9
GreenMonster Its all about the U Drives: 2010 SGM Join Date: Mar 2010 Location: Miami Posts: 1,671	I mean theres pros and cons to everything. Lease payment are relatively a lot less than buying option payments. And in three-4 years you get to switch the car to another no questions asked, there's always something better out __________________ C5.SFC5//FacebookSFC5\\SFC5.TK

04-30-2011, 02:34 AM	#3
Shurenuff Drives: 2002 Nissan Altima Join Date: Jul 2008 Location: Chicago, IL Posts: 2,048	Buying and keeping for a very long time, possibly for life.

04-30-2011, 07:52 AM	#4
Blue Menace Drives: 2013 WRX Sedan Join Date: Aug 2009 Location: Austin, TX Posts: 705	I didn't think leasing was an option?

04-30-2011, 06:01 PM	#10
GoldenBear Bear Backer Drives: 69 Camaro Z/28, 69 Corvette Conv Join Date: Jan 2011 Location: San Jose, CA Posts: 1,490	Leasing a vehicle is almost always more expensive than buying a vehicle over the course of one's possession of the vehicle, unless one is able to write off the lease as a business expense. The advantage to leasing, if one is short on cash and is planning on making payments, is that the monthly payments are generally lower than with a purchase, so the lease has a short term cash flow advantage.

04-30-2011, 06:04 PM	#11
ackeight Drives: 10' 2SS/RS Join Date: Jan 2010 Location: Rockwall, TX Posts: 1,389 View My Garage	If you keep the car less than 3 years lease. It makes more financial sense. With depreciation and interest you will be better off. If you want it longer finance or pay cash. I'm sure some of the higher end leasing companies will have a ZL1 or 2 hanging around with some lease options.

04-30-2011, 07:43 PM	#12
stratman2SSRS Drives: Lingenfelter Camaro Join Date: Apr 2009 Location: Ontario Posts: 2,160 View My Garage	I'll be buying mine, even though my 2010 will be faster, and have more power. __________________

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
ZL1 Colors !	BigBlock427	Camaro ZL1 Forum - ZL1 Specific Topics	44	02-25-2011 02:08 PM
Question to the GM big wigs...... on ZL1 / Z28	Ironheadspearo	5th Gen Camaro SS LS LT General Discussions	12	02-10-2011 05:16 PM
Is anyone leasing their Camaro?	The RC3	5th Gen Camaro SS LS LT General Discussions	9	12-03-2010 07:08 PM
Leasing a Camaro	Johnnyma45	Camaro Price \| Ordering \| Tracking \| Dealers Discussions	16	06-05-2010 11:14 AM