HELP PLEASE! :)
 

Hey guys whats up, first off I'm new here, but long time lurker :) so hello to all.

Now i guess on to my "problem" i currently have a 2010 2LT Camaro and I'm looking to upgrade to a 1LE. Yesterday i was at the dealer and i worked out a deal for a white 1SS 1LE with them giving me $22,000 trade in value for my current camaro. MSRP on the 1LE they have is $38,000. I could either finance for 60 months at $300 out the door a month tax, title everything included. OR lease for 36 months 12,000 miles a year for $100 a month with a $24,000 buy out at the end of the lease. Now the twist, i need my mom to co-sign but she is hesitant because my current car is already paid off. I can afford both lease or finance but i just need to convince her its a good deal. Any thoughts/ideas/inputs on which option is better and or how to work the parentals? Any and all help or advice would be greatly appreciated. THANK YOU! :)

Welcome to C5!!! Keep the car mom bought you and be happy with it. Have you seen the price of the tires alone for the 1LE! If you need a co-signature, you may not be able to afford it.

If you plan on any mods, don't lease it, buy it.

I, personally, would never lease a camaro. Maybe a family sedan or something, but never a camaro. IMHO.

Don't make your mom cosign a 35k+ car. Just wait a bit, build up your credit and buy it on your own. You have a nice car already, enjoy it.

^ what he said! Be happy with what you have and put the extra $ away.

I was in your shoes,i had a 2011 1LT RS/RS knowing i could never afford a V8,but i sold everything to make it happen.I know have a 1LE and couldn't be happier.There are a lot of things i cant do now,but at least i have the car of my dreams.If you can afford it then do it! but DONT LEASE!!!!!!!!!!

Geez! Tough crowd! Is this a Camaro forum or a financial planning forum?
He's not financing the whole 38 grand. I would say buy it if you can sweet talk your mom into it. Do not lease it though. Sure, your payments will be low, but you will be giving them all the equity you have built up in your current car.
Anyway, if she says no, your current car is still pretty sweet. it's not like your stuck in a Prius or something. Good luck!

:thumbsup:

he asked for opinions, thats what he's gonna get. my only input is , dont lease

$27,600. VS. $18,000. ?

Pretty easy decision.

a lease is good if you don't plan to buy it out and move on to something else at the end of the lease.
If it's a car you want to keep and you can afford it, buy it.
Now the co sign thing is another discussion. If your mom is willing and you fully intend to pay on time every time, then there is not many better ways to build your credit.

lol thanks guys for your opinions both the tough ones and "less tough" ones i guess haha either way yes i can afford and fully intend to make every payment on time every time comfortably to also help build credit. i truly do appreciate all the different stances people are taking. i knew i joined the right forum! :thumbup: great info