Thread: Lease a ZL1?
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Old 12-07-2011, 11:19 PM   #18
Kluch
 
Drives: CTS-V
Join Date: Aug 2011
Location: LSD
Posts: 159
The dealer doesn't decide whether you buy or lease. YOU do. The dealer negotiates the purchase price of the car with you on behalf of the bank (Ally does most GM leases these days, but you can use any bank you want that does auto leases). The dealer then sells the car to the bank c/o YOU and you make payments. At the end of the lease, the car belongs to the bank not the dealer. Again, the dealer doesn't have any say in whether you buy or lease. In fact, I don't tell them whether I plan to lease until after I negotiate the purchase price. If you have secured an allocation for zl1, I'm sure you can lease it. But depending on its residual value, it may make more sense to buy. The fact that its a chevy will hurt it. My Tahoe monthly payment is almost as much as my V with a 20k difference in price.

A lease makes sense for the reasons already stated and does not make sense for the reasons already stated. If you think leasing doesn't make sense for YOU then it probably doesn't. If you own your own business, the payments on a leased car can often be written off as a business expense to a certain extent.
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