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Old 01-07-2009, 02:05 PM   #1
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Will you able to Lease a New Camaro ?

I was wondering, I was planning on buying a new SS but I was wondering, do you think it will be possible to Lease a Camaro ? Does anyone have plans on leasing a new Camaro if it is possible to do so ? Thanks for your help
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Old 01-07-2009, 02:12 PM   #2
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I don't see why not. But it's going to be hard to get a lease...

"The subsidized car leases from the Big Three that gave buyers stunningly low payments for two or three years won't be out there anymore," says Jack Nerad, executive editorial director and executive market analyst with Kelley Blue Book's online arm, kbb.com. "You can still qualify for a lease if you want to lease and have good credit by going through a bank or credit union, but the deals that were previously available with such low monthly payments are gone."

For most consumers, this means that buying just got more attractive than leasing, especially if you're looking for a low monthly payment and have excellent credit. Low rate and zero percent financing offers for 60- to 84-month loans are available and serve the Big Three's aim of transferring the potential risk of falling residual values to consumers.

The scoop
It's no secret that the Big Three are in trouble -- a combination of factors, including high gas prices and falling home values, have led to the bottom dropping out of the SUV and truck markets, which these automakers relied upon for much of their profits. To stem their losses, Detroit is taking action.
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Old 01-07-2009, 02:17 PM   #3
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Checkout this thread,

http://www.camaro5.com/forums/showth...ighlight=lease

There's some talk about leasing in there.
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Old 01-07-2009, 02:28 PM   #4
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Hello, Currently GM is out of the leasing business. However you maybr able to find a third party leasing company to lease it for you. Try Goggling it.
Good Luck!
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Old 01-07-2009, 02:43 PM   #5
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Wow, by the way that thread is going, its going to be pretty tough. I may just wait a little longer to buy an SS
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Old 01-07-2009, 02:48 PM   #6
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Hello, Currently GM is out of the leasing business. However you maybr able to find a third party leasing company to lease it for you. Try Goggling it.
Good Luck!
I tried to "Goggle" once but it hurt my spleen..
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Old 01-07-2009, 04:10 PM   #7
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Anytime I ever looked at leasing it was only about $50-60/mo more to just buy it outright. So I personally won't bother with leasing and will be getting a conventional loan.
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Old 01-07-2009, 05:17 PM   #8
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I don't suggest leasing at all. I tried my first lease with my Tacoma, and I definitely regret it. Getting a loan is much easier IMO.
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Old 01-08-2009, 12:48 PM   #9
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I will be leasing.
Anyone know when GMAC will start leasing again? If not by this spring, then....
Can you use your GM Card earnings even if you finance through a 3rd party bank? Have the card knock $1000 off the price, then have the 3rd party bank finance (or lease out) the remainder?
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Old 01-08-2009, 01:00 PM   #10
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Quote:
Originally Posted by l008com View Post
I will be leasing.
Anyone know when GMAC will start leasing again? If not by this spring, then....
Can you use your GM Card earnings even if you finance through a 3rd party bank? Have the card knock $1000 off the price, then have the 3rd party bank finance (or lease out) the remainder?
I don't know about leasing, but they've expanded their loan coverage, so that's a bit of good news regarding GMAC general financing.

I've never understood the point of leasing unless you like getting a new car every ~3 years. (which I don't)
I'll be buying via loans.
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Old 01-08-2009, 01:03 PM   #11
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In short, the point of a lease is to not tie up all your money in an object that is guaranteed to lose a significant amount of it's value. Put as little money as you can into things that are going to lose value, and put as much money as you can into things that are going to increase in value.
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Old 01-08-2009, 01:32 PM   #12
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Quote:
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In short, the point of a lease is to not tie up all your money in an object that is guaranteed to lose a significant amount of it's value. Put as little money as you can into things that are going to lose value, and put as much money as you can into things that are going to increase in value.
Unfortunately this is no longer the case with leasing though GM. GM has raised the costs for leasing so high that the cost of leasing is almost the same as the cost of buying the car. As already mentioned, GM's cost of leasing now is about $50 less a month then the cost to buy the car outright and at the end of the lease you turn the car in so you have to get another car. If you paid the extra $50 a month, atleast the car would be yours and you wouldn't have to make another car payment unless you decided to get another one.

Leasing a car is like renting a house, while it may seem like a good idea in the short term, in the long run you end up paying a lot more and have nothing to show for it.
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Old 01-08-2009, 01:36 PM   #13
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Leasing a car is nothing like renting a house. House ALWAYS go up in value. aside from very temporary economic downturns, your house is guaranteed to gain long term value. Your car is the exact opposite, it's guaranteed to lose value. Renting a house is a bad idea because its good to pile all your money into owning a house, a house is an investment. A car is not an investment, it's an expense.
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Old 01-08-2009, 01:37 PM   #14
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Also you mentioned GM's lease rates being super high, but others say GM isn't doing any leases at all... soooo which is it? Do they have poor leases or no leases?
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Old 01-08-2009, 02:04 PM   #15
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Quote:
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Leasing a car is nothing like renting a house. House ALWAYS go up in value.
But that won't matter because you don't own it. So even though the items (house v car) are radically different in terms of value, the act of renting a house/apt. is like leasing a car. You put money into something you'll never own, right?
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Old 01-08-2009, 02:21 PM   #16
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Quote:
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Leasing a car is nothing like renting a house. House ALWAYS go up in value. aside from very temporary economic downturns, your house is guaranteed to gain long term value.
This is not very comforting to someone who just bought a house which lost 1/2 it's value. It could be 10-20 years before it regains that much value (if ever) and you're "locked" into owning a house until the value is high again.

Quote:
Your car is the exact opposite, it's guaranteed to lose value. Renting a house is a bad idea because its good to pile all your money into owning a house, a house is an investment. A car is not an investment, it's an expense.
I know many people who invested in cars and made out well. I see cars at auction from the 50's and 60's that sell for 10-100 times their sticker price. You just have to pick the right car and take care of it for the time period.

Car leases remind me of "Rent-a-center" and "Aarons". These places "rent" you an item for twice what you can buy it outright for. Here's a clue about how it works: the car leasing company is in the business of MAKING MONEY. If they didn't make more money doing it they wouldn't bother offering it and pushing it with so much advertising.
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Old 01-08-2009, 03:24 PM   #17
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They will offer leasing I'm sure but you will be paying pretty close to what it would cost to just buy it. Leasing is a big part of why they are in trouble now. My Silverado is a lease..when they get it back they are going to lose big time on it. I made out OK with it but I would wanna own this car. I have no intentions of giving it back.
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Old 01-08-2009, 04:47 PM   #18
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You can buy mine off of me when I sell in the next year to get HUD. I'm sure there will be used ones within a year or so anyway.

Doesn't sound like you are in much of a hurry to buy so just wait it out (if you have the patience!)


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Wow, by the way that thread is going, its going to be pretty tough. I may just wait a little longer to buy an SS
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Old 01-08-2009, 05:15 PM   #19
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I don't see leasing being an advantage over buying for a LONG time... Leasing cost the companies big $$$$ in lost values....They'll be well protected in losing money in the future - maening more expensive leases.
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Old 01-08-2009, 05:17 PM   #20
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Yeah, I guess I can wait it out, and yes, I am in no hurry. Thanks a lot all
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Old 01-08-2009, 09:14 PM   #21
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Also you mentioned GM's lease rates being super high, but others say GM isn't doing any leases at all... soooo which is it? Do they have poor leases or no leases?
Granted it's been since Nov, but last I heard was that GM is still leasing but they have increased the requirements and the cost so high that those who HAVE to lease still can but is better off going somewhere else and those who do it just because they can or just because they want the "flavor of the month" vehicle will think twice about leasing.

Pretty much what it comes down to is that GM is trying to get out of leasing but as long as there are people who are willing to jump though a thousand burning hoops, covered in oil, naked and will pay invoice for the car just to drive it for a couple years, they will.
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Old 01-08-2009, 10:03 PM   #22
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There will be no leases and probably not even smartbuys on this vehicle
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Old 01-08-2009, 10:13 PM   #23
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you can lease through a bank, thats what I am doing since I am only planning to keep the car for 5 years max
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Old 01-08-2009, 10:19 PM   #24
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so why wouldnt you just finance for 5 years?
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Old 01-09-2009, 09:26 AM   #25
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they really offer 84 month financing now??
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