08-06-2018, 01:05 PM | #15 | |
If your not 1st your last
Drives: 2014 Camaro 2SS / RS Join Date: Jun 2014
Location: Boston, MA
Posts: 248
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Use this for example: http://www.swapalease.com/lease/deta...?salid=1268125 He’s looking for $2,900 down payment @ $449 per month x 31 months left. I would negotiate the $2,900 to like $1,000. He’s obviously just looking to get back some of the money he put down at start + mods. There is no down payment needed for a lease swap. Lease transfer paperwork cost approx $695 from GM. He will get a few hundred in his pocket for his time. Do not pay the $2,900 as he is clearly looking for his up-front fees and mod’s that he added (read description). Offer $1,000 total or walk (includes GM lease fee swap). You get a fully loaded Camaro 2SS with the best color that you can have fun in the next 2 1/2 years ($13,900).
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2014 Camaro 2SS / RS ~ Blue Ray Metallic w/ Silver Rally Stripes ~ V8 6.2L ~ Blue & Black 2-tone leather interior accent trim package ~ Custom decals from Emblem Pros
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08-10-2018, 06:34 AM | #16 | |
Drives: '17 Corvette Grand Sport M7 Join Date: May 2012
Location: Pennsylvania
Posts: 3,748
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I work 10 miles from home and my wife works 5 miles from home. We lease my work vehicles and we lease her vehicle. We're both eligible for low mileage leases (we've never come close to our mileage limit). The vehicles are always under warranty. Every 3 years you pick a new one. Etc., etc., etc.. For us, it is a financially sound decision. Now, would I lease a pleasure vehicle? No. Buy 'em, pay 'em off in half the time and smile when you don't have a payment.
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MY RIDE: 2017 CORVETTE GRAND SPORT--TRIPLE BLACK, 7 SPEED MANUAL, VARARAM TCR-7 INTAKE, BORLA CATLESS X-PIPE, CARBON FIBER STAGE 2 AERO, MGW SHORT-THROW SHIFTER
**SOLD**2011 TRIPLE BLACK SS CONVERTIBLE--6 SPEED MANUAL, MANY MODS, 455 RWHP/435 RWTQ DAD'S RIDE: 2012 ZL1 #1866--BLACK, 6 SPEED MANUAL, EXPOSED CF HOOD, POLISHED WHEELS, SUNROOF, ROTO-FAB INTAKE "Silly Americans, taking from the rich and giving to the poor only works in fairy tales. Success is earned here!". |
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08-13-2018, 04:06 PM | #17 | |
H-Town Camaro Club
Drives: 2013 Dusk Edition 2SS/M6/Sun/NPP Join Date: May 2014
Location: Houston
Posts: 2,234
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This is a perfect example of generally why they don't teach personal finance in schools any longer. Unless you own a business (or 1099/Sched-C) to lease the vehicle under and write off 100% of the lease, insurance and mileage, what you are describing is a unicorn. Most don't have the free cash flow to justify purchasing a new car every three years either, this is simple snake oil of something the industry has convinced consumers they falsely need to do. Furthermore, 90% of the public doesn't qualify for the lowest money factor advertised on TV. $599/mo for a Merc E350 for example, will be $650+/mo before you leave the dealer. There exists no dealer in the world qualified to talk to you about financial stability. At the consumer level, leases solely exist for dealerships to make money off the money factor and a bazillion other reasons, leases do not exist to save the consumer money. The easiest and simplest way to show how leasing works is managed assets. The owner of a rental property pays a management company 8.5% to run and operate said rental properties instead of managing their own assets. Within that 8.5%, is a factor of time and convenience whereby it is 'cheaper' for said owner to go do something else. The owner of a leased vehicle is paying someone else to manage the maintenance and upkeep instead of doing the work themselves. This payment carries a cost that most justify by tossing words like 'convenience' around, or "keeping up with technology" every 3 years. More direct in point, a lessee pre-pays their mileage and there are no refunds for any reason. In rare cases, it is cheaper but these are extremely rare and not the norm. A few years ago I purchased a loaded sedan at 50% MSRP; clean, untitled and with full warranty off the showroom floor. I'll drive for 4 years then do it again and my payments are far less than any lease. I know others that drive 2 year old CPOs for three years with full warranty, repeat the process and pay less than any comparable lease as well. Many still believe Rainbow Unicorns exists, though I'll advise everyone the same that still believes in them, go hire a tax attorney and seek professional help before signing any lease. 99x out of a 100 you are getting screwed.
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08-14-2018, 06:05 AM | #18 | |
Drives: '17 Corvette Grand Sport M7 Join Date: May 2012
Location: Pennsylvania
Posts: 3,748
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If you have $50 in your pocket and you spend $60...you're broke. It's not difficult. 55 and retirement can't come soon enough.
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MY RIDE: 2017 CORVETTE GRAND SPORT--TRIPLE BLACK, 7 SPEED MANUAL, VARARAM TCR-7 INTAKE, BORLA CATLESS X-PIPE, CARBON FIBER STAGE 2 AERO, MGW SHORT-THROW SHIFTER
**SOLD**2011 TRIPLE BLACK SS CONVERTIBLE--6 SPEED MANUAL, MANY MODS, 455 RWHP/435 RWTQ DAD'S RIDE: 2012 ZL1 #1866--BLACK, 6 SPEED MANUAL, EXPOSED CF HOOD, POLISHED WHEELS, SUNROOF, ROTO-FAB INTAKE "Silly Americans, taking from the rich and giving to the poor only works in fairy tales. Success is earned here!". |
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08-27-2018, 07:43 PM | #19 |
Drives: 2015 2SS Red Hot Adrenaline Join Date: Apr 2014
Location: Virginia
Posts: 457
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I leased my 2SS and have leased two other cars for the wife. The Honda we made 4k on it, at the end of lease it was worth more than we owed. Took it to another dealership and traded it in just like a new car.
If it wasn't worth as much as we owed, we could have turned it in and walked away. Or buy it at the lower price. If you don't drive more than 15k miles a year a Lease is an awesome option. If you get a good price and the numbers add up.
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2015 2SS Red Hot Adrenaline |
01-12-2023, 01:17 PM | #20 |
Banned
Drives: Camaro Join Date: Aug 2022
Location: Italy
Posts: 1
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I've never had any luck with a car. Dealers always charge too much money. Of course, you can lease this Camaro since you are not sure you want to use it for a long time.
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01-12-2023, 03:18 PM | #21 |
Drives: '69 Camaro LSX/T56 & '14 Z/28 LPE+ Join Date: Jun 2022
Location: N/A
Posts: 174
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01-12-2023, 03:24 PM | #22 |
Drives: 2013 1LT Crystal Red/Beige Manual Join Date: Nov 2008
Location: Stoneham, MA
Posts: 735
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I reported one of the two, then the forum made me wait to report the second one and I didn't have time.
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01-12-2023, 03:29 PM | #23 |
Drives: 2010 Camaro SS2,L99, LSA SC Join Date: Aug 2017
Location: Huntsville, AL
Posts: 2,280
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I reported both, but had to wait the 60 seconds to do so.
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01-19-2023, 07:02 AM | #24 |
Drives: 2014 Camaro SS Join Date: Feb 2022
Location: Houston, Tx
Posts: 53
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As an aside, with so many used vehicles in the last couple years selling for close to or even above MSRP, this thread and the advice in it did NOT age well, lmao.
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