Leasing a 2017-18 Camaro ZL1

[Noob10]

Has anyone leased one recently? I'm looking into getting into my very first Camaro and I'm thinking about the ZL1. Have always driven foreign, but the latest Camaro has got me looking twice when I see one on the road. Any info would be appreciated. Are they lease worthy? I'm thinking about leasing one because I'm still not sure if I want to own one in the long term. I've seen some deals on the ZL1 in my area. I've even seen brand new 2017's going for as low as 56k.

[tstodii]

Prob. get better/more answers over at Camaro 6

[05Goat]

Just buy it. Besides, then you will have to watch the mileage, make its in perfect condition or you might get taken to the cleaners by the dealer.

[The camaro show]

leasing cars is the biggest waste of money, your throwing money out of the window because have nothing on it buy it for 200-300 more a month and then you will have something to trade or sell

[13coupe]

Check it out.
See what they want out of pocket.
Keep your lease in the warranty mileage and time frame. No worries about repairs just normal maintenance.
Then you don't have to worry about what it's worth when it's time to trade. Hmmm

[tstodii]

Originally Posted by The camaro show

leasing cars is the biggest waste of money, your throwing money out of the window because have nothing on it buy it for 200-300 more a month and then you will have something to trade or sell

I'm kind of torn on this. I guess it depends on the person's situation and use of the vehicle.

You lease something then just turn it in and get something else once the lease is up. No hassle with trade value or trying to sell a $56k car 3 years later for $20k. That's a $36k "loss" Leasing is perfect for people who want the latest and greatest since they can "trade" up with minimal hassle .

On the other hand, you buy a car outright and have something to show for it. This is perfect for people who don't plan on trading up IMO.

Again, this is all just my own opinion. I've never leased a vehicle but considering it for my daily since I usually get tired of cars pretty quickly.

[gm2376]

leasing is great if you want a new vehicle every couple years. If you are some one that constantly wants a new car, you will lose a lot more buying and selling every couple years.

[SecondZ28]

Originally Posted by The camaro show

leasing cars is the biggest waste of money,

The same could be said for purchasing brand new cars anyway.

[TWOFORTYZ]

I would recommend renting a car if you want to check it out. If you are a lease kinda person and don't drive much, go for the lease if you like it. I already put 12,000 miles on my car since November, I couldn't realistically lease anything even if I liked the idea. I like the concept of having a new car consistently, and just making payments... That being said I bought my base model SS gently used.

[l008com]

The value of a new car drops every day. It's not an investment in any way, shape or form. Thus you should put as little money into it as possible. Leasing can be great, if the lease is a good deal. Add up all the monthly payments and the downpayment and see how much you're actually spending total. People who are flat out against leasing no matter what, don't understand leasing.

[Fish-man]

Originally Posted by l008com

The value of a new car drops every day. It's not an investment in any way, shape or form. Thus you should put as little money into it as possible. Leasing can be great, if the lease is a good deal. Add up all the monthly payments and the downpayment and see how much you're actually spending total. People who are flat out against leasing no matter what, don't understand leasing.

yup. I'd never leased before getting our '17 Cruze. Comparing it to the '09 malibu we bought new and sold 8.5 years and 157k (and 2 transmissions) later: The depreciation on bought vs sold price and taken by month... the malibu was almost 2x this cruze. If I figure by miles driven rather than month, the bu was almost 50% more than the cruze. If I add in the cost of repairs that I did on the bu, it makes buying look dumb. For daily drivers, if you can find a good deal on a lease, it can make a lot of sense. I have not touched the Cruze, and will only be on the hook for one oil change. Then turn it in and get something else.

Would I lease a Camaro for non-DD use? probably not...

[hntrgthrs]

Originally Posted by SecondZ28

The same could be said for purchasing brand new cars anyway.

I tend to think that buying a CPO is the happy medium.



I don't plan on buying new again and the cars I tend to buy don't normally have great lease deals. So the CPO route, for me, seems to be the best way to go.

[redcoats1976]

yup,ive been happy with mine.

[Sheriff Justice]

If you do not want to ‘own one long term’ leasing would absolutely be the best option. Especially a ZL1 with a high msrp. That’s why most people lease a Tahoe or Suburban, high msrp / residual value (same for luxury cars). Being in Florida you can drive it year round, you will have to be careful with the mileage. Most GM leases come with 12K miles per year (low monthly payments you see in ads are priced with 10,5K). I would recommend 12 or even price a 15K per year mileage lease. Better to get it up front vs pay .50 cents per mile when you turn it in.

Go out and price a ZL1 lease with just start-up fees (no money down my guess about $600 per month). Every $1K you put down usually lowers the monthly payment approx $20. G/L