My Camaro might be going bye bye...

[pinoyscorpion951]

Originally Posted by Lateralus754

Sorry I was mistaken... Thought I saw 7 but it's 6.1

http://www.camaro5.com/forums/showthread.php?t=205538

Lol! I was wondering where you got that figure. Chevy has the 2LS at 5.9 seconds, and that's with the 2.91 gears. A synergy green RS with the 3.27 gears did it in 5.7 seconds. That is identical to the GS.

[ToolFan66]

I would take that GS 350 F over the LT everyday of the week, and twice on Sunday..

[Lateralus754]

I'm not paying 54k I get it at 42k and in a lease so really only paying for 20k of which they pay 450 a month

[GretchenGotGrowl]

Originally Posted by Lateralus754

I'm not paying 54k I get it at 42k and in a lease so really only paying for 20k of which they pay 450 a month

Some things to think about:

1) What happens if you only move 9 cars one month? Do they prorate the $450 or do you lose it all? Is having expenses go up at the same time your revenue is going down ever a good thing?

2) Is this something that is available to you at anytime or do you have to "enroll" when you first start working there? If you can wait, then wouldn't it be better to see what kind of units you can push, and save some money as a buffer for the "lean" months while you are waiting? If they make you "enroll" quickly, then isn't this just a gimmick to generate "house" sales that don't pay a commission?

3) What happens if you don't like the car? Will you get the same break a regular customer would for buyer's remorse?

[Splitter]

I'd never drive a Lexus, but that's just me.

Sounds like the stealerships work their 'magic' on employees too.

If you're fired, don't make your quota, get cold feet, any reason, you're stuck.

[Mityguy]

With a steal like that man grab the lexus kiss the camaro goodbye, when you get sick of the lexus sell and get an SS.

[Evergreen6]

Originally Posted by Lateralus754

The money is from my dealership. It's part of my pay plan. Sell at least 10 cars a month and you get $450 towards a lexus. I also get ridiculous discounts on the cars. I never keep a car more than 2 years. Being in the car business I can buy them way bellow cost drive for a year or two and get out even or make a few bucks. It only has 306hp but it has a 0-60 of 5.7 seconds which humiliates the LFX's 7 seconds. I if I leave I lose the $450 allowance but still have a GS F sport that will probably have equity at the end of the lease because of the deal i get.

It's not a lease if you have equity, because you don't actually own the car. Lexus does, or whomever their financial intermediary is.

If you lose your job, leave your job, or only move 9 cars/month, you are still liable for the lease.

At the end of the the lease, you either give back the car as agreed, or you buy the car for whatever the residual value was agreed to be at the lease inception, or worse, it might be an open-ended lease where the residual is determined at the end of the lease. Try buying a car when you have no job- they won't give you a loan.

I'd pass, all day long. They're asking you to assume a lot of risk, in exchange for free advertising on their behalf.

[Lateralus754]

Originally Posted by Evergreen6

It's not a lease if you have equity, because you don't actually own the car. Lexus does, or whomever their financial intermediary is.

If you lose your job, leave your job, or only move 9 cars/month, you are still liable for the lease.

At the end of the the lease, you either give back the car as agreed, or you buy the car for whatever the residual value was agreed to be at the lease inception, or worse, it might be an open-ended lease where the residual is determined at the end of the lease. Try buying a car when you have no job- they won't give you a loan.

I'd pass, all day long. They're asking you to assume a lot of risk, in exchange for free advertising on their behalf.

You can have equity in a lease. You only lose equity if you turn the car in. I can trade it in one day before the lease expires and retain my equity. I have my customers do it all the time.

In regards to sales. I've been doing it for a while. I was the Infiniti store up the street for a year an a half and averaged 15 cars a month. The lexus dealer I am now is number one in the state and has so much more volume than the infiti did. Sold about 150 to 180 new and used at infiniti. This Lexus dealer does 280 to 300 with the same amount of sales people.

The group I work for doesn't just fire people. You have to either do something incredibly stupid or sell less than 6 cars for 3 months straight. So I am not too worried about that.

[Lateralus754]

Originally Posted by GretchenGotGrowl

Some things to think about:

1) What happens if you only move 9 cars one month? Do they prorate the $450 or do you lose it all? Is having expenses go up at the same time your revenue is going down ever a good thing?

2) Is this something that is available to you at anytime or do you have to "enroll" when you first start working there? If you can wait, then wouldn't it be better to see what kind of units you can push, and save some money as a buffer for the "lean" months while you are waiting? If they make you "enroll" quickly, then isn't this just a gimmick to generate "house" sales that don't pay a commission?

3) What happens if you don't like the car? Will you get the same break a regular customer would for buyer's remorse?

I can do it at anytime I want. I don't want to wait too long because right now I have about $1200 in equity in my camaro, and its at 34k miles. So warranty is almost out as well.

[judkins75]

you must be smoking. 7 seconds!!?? more like 5.7-5.9

[enzia35]

Getting paid to drive a Lexus, go for it.

[nickster127]

Originally Posted by pickwithaustin

Are you leasing the current Camaro, or are you paying on a loan to own it? Leasing seems too much like renting to me. To each their own, but I rather own my car(s).

i agree 100%...if ya leasing the car then might as well turn it in. I like owning a car as well so if you are paying loans either try to keep both of them or keep just the camaro. If they are paying you to drive their car that means their car should not cost you anything except insurance and/or gas.... Like enterprise and car rental places and some dealers around here they will give you one of their cars to drive you just have to pay for insurance...

A true camaro fan wouldnt let her go (just saying)

[BrutalSS]

For most people, owning a car is an illusion. Most don't keep it and pay it off, most turn it sooner, take a loss and onto the next. That is why leasing is great, more options available to you. I was a finance manager, so I know that stuff well.

[BigRedViking]

I could have leased my 2013 1LS for $200/month. But I think leasing is too much like renting. If you're concerned with the warranty ending, buy an aftermarket warranty, or wait for gen6. Nothing against Lexus but if I had 40k or 80k I would probably fold it in half, and put it back in my pocket. It's the quickest way to double your money. The payment assistance thing sounds like a way to talk yourself into something that you don't really want. Nobody does quality (production) like Mercedes Benz. Good luck!