Lease Rates - Unless You're Loaded... - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

illestdomer2005 · 06-11-2009, 04:09 PM

So, I imagine that the majority of the people on this board don't have the cash to buy a Camaro outright, especially in this economy. If, on the other hand, you do, congratulations...and I hate you

For those of us not in that rarefied first category, did you go through GMAC or some other route? I know it's touchy, and I don't want to get too personal here, but if you don't mind sharing, what was your financing rate?

This will be my first time to ever buy a new car, and I am a total virgin to big loans...other than student loans. I've done my research, but I was just hoping to learn from those who've already traveled this road. Thanks in advance!

nards444 · 06-11-2009, 04:12 PM

they arent leasing these. Cars like this i dont think they lease. It all depends on your credit score. If you have a good one, then somewhere in the 5or 6 range for your interest rate. If you have crappy 8 and above.

erasedgod · 06-11-2009, 04:22 PM

I think there are already a few threads on this.

Anyway, I financed through USAA. I got 5.24 APR for 60 months. After $10,750 down, my total financed amount was $31,168.09. Which makes my payments just under $600 a month.

I'm pretty sure that's all the related info I can muster.

nards444 · 06-11-2009, 04:30 PM

dude if your military like me check pen fed i got 3.99 for 60 months. If you didnt sign the loan yet i suggest you check it out. save you 20 bucks a month. save 1000 bucks over the life of the loan

CanadianRocky · 06-11-2009, 04:41 PM

I will use one of the commercial leasing companies I do business with. But, because it will be a company car, it will become a tax deduction for the company and it comes out on the side of the ledger so it will be paid with BEFORE tax dollars.

Also, if I get it in 2011 and run the lease over 48 months (with nothing down) I will be paying for it in the end with 2015 dollars.

There are some advantages to owning your own company.

illestdomer2005 · 06-11-2009, 05:17 PM

I feel stupid now...title should've been finance rates, not lease rates.

erasedgod · 06-11-2009, 05:18 PM

Quote:

Originally Posted by nards444

dude if your military like me check pen fed i got 3.99 for 60 months. If you didnt sign the loan yet i suggest you check it out. save you 20 bucks a month. save 1000 bucks over the life of the loan

I thought about it, but USAA has been pretty good to me so I decided to continue giving them my business. Plus, having all my financial stuff handled at one bank is better than joining another bank for one loan.

Vash · 06-11-2009, 05:19 PM

What's your income and how long? (just be general not specific). And how much do you have down and want to finance?

bballr4567 · 06-11-2009, 05:59 PM

Quote:

Originally Posted by erasedgod

I thought about it, but USAA has been pretty good to me so I decided to continue giving them my business. Plus, having all my financial stuff handled at one bank is better than joining another bank for one loan.

I did the same thing when I got my auto loan. Had it with them for a year then started shopping around to refinance. USAA had me at 9.49 (used car and not so good credit) and then a couple other places could go as low as 7.19. I called USAA with an offer and then dropped my rate to 6.99.

Sorry but 1.25 points is pretty big and over the life of the loan you will save more than 1k on interest charges. Thats a lot of money for military man.

illestdomer2005 · 06-11-2009, 06:04 PM

Quote:

Originally Posted by Vash

What's your income and how long? (just be general not specific). And how much do you have down and want to finance?

Well, I'm a young guy not too far removed from college, and I wouldn't want to put more than 3K down in this economy. I make roughly 50K/year, and I was looking at the 2LT; so, after options, delivery fee, and GA sales tax, it would be just over 32K.

Treadstone · 06-11-2009, 06:17 PM

Quote:

Originally Posted by illestdomer2005

Well, I'm a young guy not too far removed from college, and I wouldn't want to put more than 3K down in this economy. I make roughly 50K/year, and I was looking at the 2LT; so, after options, delivery fee, and GA sales tax, it would be just over 32K.

32k for a 2LT? What the hell?
Dude my 2ss/rs is 37k AFTER taxes.

Treadstone · 06-11-2009, 06:18 PM

BTW: they will lease these, just not this year probably. The most leased car in the world is the Corvette

illestdomer2005 · 06-11-2009, 06:22 PM

Quote:

Originally Posted by valleybacker

32k for a 2LT? What the hell?
Dude my 2ss/rs is 37k AFTER taxes.

MSRP for 2LT is 26,580. RS package is 1,450. Auto transmission is 1,185. Delivery fee is 795. Tax here is 7%. It sucks, but that's the way it is...

Tsudy · 06-11-2009, 07:03 PM

My 2LT I have on order is $32,000 MSRP exactly.

Automatic Transmission
RS Package
20" Polished Aluminum
Sunroof
White Rally Stripes
Spare Tire!

+$795 dest. charge = $32,000.00

That's pre-tax even.

06-11-2009, 04:09 PM	#1
illestdomer2005 Drives: 1990 Honda Accord Join Date: May 2009 Location: Atlanta, GA Posts: 51	Lease Rates - Unless You're Loaded... So, I imagine that the majority of the people on this board don't have the cash to buy a Camaro outright, especially in this economy. If, on the other hand, you do, congratulations...and I hate you For those of us not in that rarefied first category, did you go through GMAC or some other route? I know it's touchy, and I don't want to get too personal here, but if you don't mind sharing, what was your financing rate? This will be my first time to ever buy a new car, and I am a total virgin to big loans...other than student loans. I've done my research, but I was just hoping to learn from those who've already traveled this road. Thanks in advance!

06-11-2009, 04:12 PM	#2
nards444 Drives: 1SS/RS Black Join Date: May 2009 Location: New york Posts: 2,123 View My Garage	they arent leasing these. Cars like this i dont think they lease. It all depends on your credit score. If you have a good one, then somewhere in the 5or 6 range for your interest rate. If you have crappy 8 and above. __________________ 2010 1SS/RS Black, CGM stripes, polished Rims, Tinted windows, Hurst shifter

06-11-2009, 04:22 PM	#3
erasedgod CGM 2SS/RS Drives: # 9641 Join Date: Sep 2008 Location: New Bern, NC Posts: 426 View My Garage	I think there are already a few threads on this. Anyway, I financed through USAA. I got 5.24 APR for 60 months. After $10,750 down, my total financed amount was $31,168.09. Which makes my payments just under $600 a month. I'm pretty sure that's all the related info I can muster. __________________

06-11-2009, 04:30 PM	#4
nards444 Drives: 1SS/RS Black Join Date: May 2009 Location: New york Posts: 2,123 View My Garage	dude if your military like me check pen fed i got 3.99 for 60 months. If you didnt sign the loan yet i suggest you check it out. save you 20 bucks a month. save 1000 bucks over the life of the loan __________________ 2010 1SS/RS Black, CGM stripes, polished Rims, Tinted windows, Hurst shifter

06-11-2009, 04:41 PM	#5
CanadianRocky Convertible GonnaBe 4/11 Drives: Chrysler Aspen Hybrid Join Date: Jun 2009 Location: Cranbrook BC Posts: 138	I will use one of the commercial leasing companies I do business with. But, because it will be a company car, it will become a tax deduction for the company and it comes out on the side of the ledger so it will be paid with BEFORE tax dollars. Also, if I get it in 2011 and run the lease over 48 months (with nothing down) I will be paying for it in the end with 2015 dollars. There are some advantages to owning your own company. __________________

06-11-2009, 05:17 PM	#6
illestdomer2005 Drives: 1990 Honda Accord Join Date: May 2009 Location: Atlanta, GA Posts: 51	I feel stupid now...title should've been finance rates, not lease rates.

06-11-2009, 05:19 PM	#8
Vash Drives: 00 Blazer Join Date: Aug 2008 Location: Texas Posts: 5,100	What's your income and how long? (just be general not specific). And how much do you have down and want to finance?

06-11-2009, 06:18 PM	#12
Treadstone Drives: Z51 BABY! Join Date: May 2009 Location: LSFREE~!!!!! Posts: 786	BTW: they will lease these, just not this year probably. The most leased car in the world is the Corvette __________________

06-11-2009, 07:03 PM	#14
Tsudy Drives: 2010 2LT/RS ABM Join Date: Jun 2009 Location: Fairfax, VA Posts: 206	My 2LT I have on order is $32,000 MSRP exactly. Automatic Transmission RS Package 20" Polished Aluminum Sunroof White Rally Stripes Spare Tire! +$795 dest. charge = $32,000.00 That's pre-tax even. __________________ ABM, 2LT, RS+Polished, Automatic, Sunroof, Black Interior, White Rally Stripes 0000: 06/06/09 (order placed with dealer) Country Chevrolet 1100: 06/08/09 (preliminary order accepted) #NKMWTD 2000: 09/09/09 (order accepted by GM) 2500: 09/09/09 (order preferenced) 3000: 09/14/09 (order accepted by production control) TPW 09/28/09 3300: 09/20/09 (order scheduled for production) 3400: 09/23/09 (order broadcast) 3800: 10/01/09 (order produced) 4000: 10/01/09 (available to ship) 4200: 10/02/09 (shipped) 5000: 10/15/09 (delivered to dealership) 6000: 10/15/09 (delivered to customer)

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