Lease or buy - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Georgie23 · 07-07-2014, 08:37 PM

Did u guys lease or buy ur 1le

Mark T · 07-07-2014, 09:08 PM

Buy. I would hate to have to give it back.

Georgie23 · 07-07-2014, 09:13 PM

Quote:

Originally Posted by Mark T

Buy. I would hate to have to give it back.

Yea I leased mine just wanted to see what everyone else did

URBAN LEGEND · 07-07-2014, 09:49 PM

Quote:

Originally Posted by Mark T

Buy. I would hate to have to give it back.

You don't have to give it back with a lease...

damian559 · 07-07-2014, 10:38 PM

Quote:

Originally Posted by URBAN LEGEND

You don't have to give it back with a lease...

+1

shinzon · 07-07-2014, 11:14 PM

buy , I plan on driving it into the 200's

in 3.5 years I put 100kmi on my 2010 ss... then traded it in on my 1le.

yay ! gonna drive it everywhere!

paraphlax · 07-08-2014, 06:42 AM

IMHO leasing it first if you intend to buy it anyway will allow you to keep a lower payment and pay off a good portion of the negotiated price of the car at a low rate. This way at the end of the lease term you purchase the vehicle and finance the remaining essentially financing two smaller amounts. The negotiated value is the key, get the price your happy with on the car first then set the lease terms.

Also forgot to mention there are no over milage fees if you purchase the vehicle at lease end.

Sent from my iPhone using Tapatalk

102SS · 07-08-2014, 06:57 AM

I thought the whole idea behind a lease is to drive a newer car for 2-3 years with no worry and then dump it to get something else?

Wouldn't buying it out at the end defeat this purpose?

The right lease seems like a much better deal than buying a depreciating asset.

trashmanssd · 07-08-2014, 07:02 AM

Buy.

Drumminxx · 07-08-2014, 07:33 AM

Also when you lease and then buy your most likely paying more for the car than if you had just bought it to begin with. Yea your payments are cheaper but your paying more in the end.

Cool1LE · 07-08-2014, 07:51 AM

lots of mods..... buy

paraphlax · 07-08-2014, 08:31 AM

What you pay for the car is negotiated hence why I said get the price you are happy with first... Modding doesn't matter if you are buying it anyway and all vehicles depreciate, some faster than others but all do. I leased at .005% for 36 months virtually paying off 36 months of the price we negotiated at no interest. I knew I was going to buy it anyway so now I finance at lease end and only pay interest on what the remaining difference is. Works for me but everyone has their own opinion. Either way we end up with a car we love!

Ragnar · 07-08-2014, 11:05 AM

I bought mine as a DD and plan on never selling it!

raptor5244 · 07-09-2014, 12:57 AM

The key to a good lease deal is negotiating a low sales price and then finding a bank with the highest residual value. For example, a 2013 2SS 1LE with NAV and Sunroof assuming 36,000 miles has a residual value of around $27500 after 36 months. Negotiate a sales price around $38k with $3k down and your payment will be around $370 including tax. If the bank figured the residual value too low then you can sell it yourself, pay it off and take the profit. If they figured too high then you walk away and they take the loss. If it gets wrecked and it therefore loses value then it is not your concern since it is a close ended lease and the residual value is predetermined up front. Leasing is not for everyone but it is a great way to get in and out of a new car every few years while keeping a lower payment and over time lower maintenance cost.

07-07-2014, 08:37 PM	#1
Georgie23 Drives: 2014 camaro 1le Join Date: Sep 2013 Location: New York Posts: 99	Lease or buy Did u guys lease or buy ur 1le

07-07-2014, 09:08 PM	#2
Mark T American Gold Whisperer Drives: 2014 White 1LE 2SS/RS/NPP/Rec/Nav Join Date: May 2014 Location: Northern Utah Posts: 838	Buy. I would hate to have to give it back. __________________

07-07-2014, 11:14 PM	#6
shinzon Night Fury Drives: 2014 ZL1 Join Date: Aug 2008 Location: Isle of Birk Posts: 747	buy , I plan on driving it into the 200's in 3.5 years I put 100kmi on my 2010 ss... then traded it in on my 1le. yay ! gonna drive it everywhere! __________________ 2014 Black ZL1 - Toothless - Previous Lovers :2014 1LE , 2010 2SS RS,2004 GTO, 2000 Camaro SS x 2

07-08-2014, 06:42 AM	#7
paraphlax Drives: 2012 LFX Bumblebee IPF Supercharged Join Date: Nov 2013 Location: Cocoa Posts: 106	Lease or buy IMHO leasing it first if you intend to buy it anyway will allow you to keep a lower payment and pay off a good portion of the negotiated price of the car at a low rate. This way at the end of the lease term you purchase the vehicle and finance the remaining essentially financing two smaller amounts. The negotiated value is the key, get the price your happy with on the car first then set the lease terms. Also forgot to mention there are no over milage fees if you purchase the vehicle at lease end. Sent from my iPhone using Tapatalk __________________

07-08-2014, 06:57 AM	#8
102SS waiting at the tree Drives: SIM 2010 2SS/RS A6 Join Date: Apr 2013 Location: Niagara Falls Posts: 4,350	I thought the whole idea behind a lease is to drive a newer car for 2-3 years with no worry and then dump it to get something else? Wouldn't buying it out at the end defeat this purpose? The right lease seems like a much better deal than buying a depreciating asset. __________________ 2010 2SS/RS A6 Just a few bolt-ons and appearance doo dads

07-08-2014, 07:02 AM	#9
trashmanssd Drives: Black 14 2SS/1LE/RS 14 Tundra Join Date: Dec 2013 Location: Plymouth, Ma Posts: 2,414	Buy.

07-08-2014, 07:33 AM	#10
Drumminxx Drives: 2014 2SS RS 1LE Join Date: Feb 2014 Location: Ohio Posts: 656 View My Garage	Also when you lease and then buy your most likely paying more for the car than if you had just bought it to begin with. Yea your payments are cheaper but your paying more in the end. __________________ Nice car bro!

07-08-2014, 07:51 AM	#11
Cool1LE Drives: 2014 Blk 2SS/1LE Join Date: Jul 2013 Location: NJ Posts: 340	lots of mods..... buy

07-08-2014, 08:31 AM	#12
paraphlax Drives: 2012 LFX Bumblebee IPF Supercharged Join Date: Nov 2013 Location: Cocoa Posts: 106	What you pay for the car is negotiated hence why I said get the price you are happy with first... Modding doesn't matter if you are buying it anyway and all vehicles depreciate, some faster than others but all do. I leased at .005% for 36 months virtually paying off 36 months of the price we negotiated at no interest. I knew I was going to buy it anyway so now I finance at lease end and only pay interest on what the remaining difference is. Works for me but everyone has their own opinion. Either way we end up with a car we love!

07-08-2014, 11:05 AM	#13
Ragnar Destroyed by flooding Drives: Wife's car Join Date: Mar 2014 Location: Louisiana Posts: 4,672	I bought mine as a DD and plan on never selling it!

07-09-2014, 12:57 AM	#14
raptor5244 Drives: 2022 CT4-V Blackwing Join Date: Sep 2013 Location: Florida Posts: 2,723	The key to a good lease deal is negotiating a low sales price and then finding a bank with the highest residual value. For example, a 2013 2SS 1LE with NAV and Sunroof assuming 36,000 miles has a residual value of around $27500 after 36 months. Negotiate a sales price around $38k with $3k down and your payment will be around $370 including tax. If the bank figured the residual value too low then you can sell it yourself, pay it off and take the profit. If they figured too high then you walk away and they take the loss. If it gets wrecked and it therefore loses value then it is not your concern since it is a close ended lease and the residual value is predetermined up front. Leasing is not for everyone but it is a great way to get in and out of a new car every few years while keeping a lower payment and over time lower maintenance cost.