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Old 04-17-2013, 06:36 PM   #1
Ant

 
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Leasing a Hot Wheels Edition?

My dealer has one in stock. It's an automatic 2LT. I'm going this Saturday to look, but any guesses on how much I can expect to put down to keep my payment at $250 per month? I don't care how many years the lease is for...12 or 15K miles per year is fine too.
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Old 04-17-2013, 06:38 PM   #2
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I have never leased a car, but I've always been told it's a bad idea....not sure how monthly cost is calculated.
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Old 04-17-2013, 07:38 PM   #3
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6 to 8k, maybe more.

Whats the msrp? near 40k?
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Old 04-17-2013, 08:20 PM   #4
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That's a terrible idea .. my 2 cents .. Especially since modification wise you can't do anything .. All you're going to do is rent the car, if you were to drop 6-8k into a lease to make your payment that low you mine as well just buy the car or you just wasting 8k to rent the vehicle for 3 years.
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Old 04-17-2013, 08:23 PM   #5
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What's your reasoning for wanting to lease? If it's credit concerns, you still have to have 'o.k' credit to lease.
Not sure a dealer would lease a Hot Wheels edition when they can get premium for it?!?
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Old 04-17-2013, 08:42 PM   #6
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MSRP is $37,915 before incentives and rebates.

I'm looking to lease simply because I need the lowest monthly payment possible. Still in college at the moment, but I'm definitely looking to buy it after the lease.
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Old 04-17-2013, 08:43 PM   #7
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MSRP is $37,915 before incentives and rebates.

I'm looking to lease simply because I need the lowest monthly payment possible. Still in college at the moment, but I'm definitely looking to buy it after the lease.
Fair enough, if you're going to do that, just make absolute sure you find out what the exact price to buyout at the end of your lease would be ... Also check to see what you would have left to pay on the car if you bought it out-right.
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Old 04-17-2013, 08:44 PM   #8
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Better hope nobody hits you or you get into an accident while driving you will end up paying more in fees and fixing it than the car actually costs
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Old 04-17-2013, 08:46 PM   #9
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Better hope nobody hits you or you get into an accident while driving you will end up paying more in fees and fixing it than the car actually costs
^

Lot of risks in leasing ...
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Old 04-17-2013, 08:50 PM   #10
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A. Don't lease
B. Don't buy a 40,000 dollar car when in college, or right out of college. Get something cheap for a year or two and pick up a used Camaro for 20K then.
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Old 04-17-2013, 08:53 PM   #11
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Quote:
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A. Don't lease
B. Don't buy a 40,000 dollar car when in college, or right out of college. Get something cheap for a year or two and pick up a used Camaro for 20K then.
Bazinga! that may be the best advice you get!
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Old 04-17-2013, 09:02 PM   #12
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Quote:
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A. Don't lease
B. Don't buy a 40,000 dollar car when in college, or right out of college. Get something cheap for a year or two and pick up a used Camaro for 20K then.
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Old 04-17-2013, 09:09 PM   #13
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Financing my pre owned 2LT comes out to be $550 a month with insurance. If you can't swing at least $500 a month, I would look at a cheaper vehicle. Unless you put down a hefty down payment.
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Old 04-17-2013, 09:21 PM   #14
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not a good idea on such an expensive car! lease a corrolla/sentra or something and then move up 2 or 3 years later
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Old 04-17-2013, 10:35 PM   #15
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Plus you won't get bit by the mod bug
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Old 04-17-2013, 11:11 PM   #16
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When I got my camaro my freshman year in college I was working full time and a student full time. I had no expenses so I was comfortable paying my $575 or so payment and insurance and gas was separate. Personally I wouldn't do that again. Caused way too much unwanted attention from others at school. I sold my camaro a year later but not for any financial reason, it was just because I couldn't drive it as much due to my grandma moving in and it wasn't worth the added cost to just have it sit in the garage. I'm back in the market for one but this time it will be used and not a custom ordered one like last time.
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Old 04-17-2013, 11:59 PM   #17
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Quote:
Originally Posted by Shortbus View Post
A. Don't lease
B. Don't buy a 40,000 dollar car when in college, or right out of college. Get something cheap for a year or two and pick up a used Camaro for 20K then.
Quote:
Originally Posted by babytiger View Post
Bazinga! that may be the best advice you get!
I couldn't agree more, don't make the same mistake I did lol
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Old 04-18-2013, 12:10 AM   #18
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I'm sure there are reasons and pluses to leasing but i would never.
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Old 04-18-2013, 03:20 AM   #19
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Leasing seems to work best for people, who know they will switch cars in a couple of years. If you are the type of person who always wants the newest car, than leasing might work for you.

I wouldn't lease a car to keep my payments low. Your better off getting a cheaper car, pay it off and use it for trade to upgrade in the future.

Even leasing your not going to get a 2LT payment in the $250.00 range.
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Old 04-18-2013, 04:17 AM   #20
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Leasing seems to work best for people, who know they will switch cars in a couple of years. If you are the type of person who always wants the newest car, than leasing might work for you.

I wouldn't lease a car to keep my payments low. Your better off getting a cheaper car, pay it off and use it for trade to upgrade in the future.

Even leasing your not going to get a 2LT payment in the $250.00 range.
Hes right. Im leasing my "family car". Its less trouble. Before it give s you a problem its already out of your hands. I dont even change the oil on it.
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Old 04-18-2013, 05:48 AM   #21
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Ant - I'm in a similar condition at the moment.

I highly recommend you take a look at PenFed and their balloon payment option. You should be able to very realistically get close to the 250 a month figure with a good down payment.

At the end of loan, simply refinance again or sell the car!
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Old 04-18-2013, 05:56 AM   #22
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Ever wonder why a lease is called "a fleece"? You have nothing at the end of it. I would also never buy a former leased car as the one member above mentioned that he never changes the oil...which is why so many car companies now do that for leased cars.

Whatever, I leased once, young and dumb. Never again.
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Old 04-18-2013, 06:26 AM   #23
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Quote:
Originally Posted by Shortbus View Post
A. Don't lease
B. Don't buy a 40,000 dollar car when in college, or right out of college. Get something cheap for a year or two and pick up a used Camaro for 20K then.
Quote:
Originally Posted by babytiger View Post
Bazinga! that may be the best advice you get!


Once you've graduated and you have your degree in your pocket along with having secured a stable, good paying job / career, buy your car. Leasing is not a good idea unless you can write it off on your taxes or your company pays for it. You'll be paying "PREMIUM" on a HWSE. The price you quoted is in the range of an SS Coupe or a 2LT Convertible.

Many forum members, including myself, have their Camaros paid off. Some have busted their ass working and putting every penny towards their payments, others have either saved for many years (or inherited money or won the lottery) in order to pay for their "dream car". Many others are going the traditional way of making monthly payments to pay off their Camaro.

Stick with what you currently have and don't become a "slave" to a car payment. Try to enjoy your collegiate years as much and as best you can. There are more important things in life than driving a nice or "bad ass" car. I can hear the stories now...

Your education will take you further by helping to ensure you'll have a decent, steady source of income from the time you begin your career into your retirement years...then you can piss your money away.
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Last edited by Baba; 04-18-2013 at 06:46 AM.
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Old 04-18-2013, 06:36 AM   #24
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$250 a month is about $10,000 for 60 months(average credit). So put about 20 Grand down or so and you could lease it for $250. The math won't work out in your favor on this one
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Old 04-18-2013, 09:42 AM   #25
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Quote:
Originally Posted by Baba View Post


Once you've graduated and you have your degree in your pocket along with having secured a stable, good paying job / career, buy your car. Leasing is not a good idea unless you can write it off on your taxes or your company pays for it. You'll be paying "PREMIUM" on a HWSE. The price you quoted is in the range of an SS Coupe or a 2LT Convertible.

Many forum members, including myself, have their Camaros paid off. Some have busted their ass working and putting every penny towards their payments, others have either saved for many years (or inherited money or won the lottery) in order to pay for their "dream car". Many others are going the traditional way of making monthly payments to pay off their Camaro.

Stick with what you currently have and don't become a "slave" to a car payment. Try to enjoy your collegiate years as much and as best you can. There are more important things in life than driving a nice or "bad ass" car. I can hear the stories now...

Your education will take you further by helping to ensure you'll have a decent, steady source of income from the time you begin your career into your retirement years...then you can piss your money away.
Thanks Dave Ramsey
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