04-07-2017, 10:44 AM | #1 |
Drives: 2017 ZL1 A10 (Summit White) Join Date: Apr 2017
Location: Detroit,MI
Posts: 195
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2017 ZL1 Lease - A10
Hi everyone, I'm new here so to keep things brief:
I've been looking to get into a ZL1, preferably a lease. Many of the dealerships that I have came across had the vehicle listed but was in fact spoken for. No sign of any available ZL1's in Michigan and trust me I've tried just about every dealership here. Yesterday, I was notified of a ZL1 that is out of state and is available for leasing. Here's a quick and dirty look at the numbers: 4k down, $830 per month/36 month term/12k miles. residual after 36 months - $39k (Financing through US BANK) What are your thoughts on this deal? |
04-07-2017, 10:56 AM | #2 |
Drives: 2018 2SS Camaro Hot Wheels Edition Join Date: Sep 2015
Location: Cleveland, Ohio
Posts: 2,814
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An $830 car payment? YIKES!
What is your money factor that you are getting? Do you have a trade-in value? Do you have money carrying over that will be tacked on to this car payment? If I was you, SAVE more money for a bigger down payment........
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Zack46
2018 Camaro 2SS Orange Crush Hot Wheels Limited Edition Power Sunroof, 8 Speed Auto/Remote Start, NPP Exhaust Production Sequence Number 98 NEOCC Camaro Club Member Former Ride: 2016 Camaro 2LT RS V6 Hyper Blue Metallic |
04-07-2017, 11:00 AM | #3 |
Blessed ❤️
Drives: 2017 1LT RS I4 Join Date: Sep 2016
Location: Indiana
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On a lease I would put down as little money as possible. That money will be gone and is only serving to lower your monthly payment. Now, having said that, I have no idea if that's a good deal, but some smarter people than me I'm sure will chime in to help you.
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2017 1LT RS I4 A8 BLACK ON BLACK
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04-07-2017, 12:58 PM | #4 |
White knuckled & smiling
Drives: '17 ZL1 AKA Perfection! Join Date: Aug 2015
Location: Lawn Guy Land NY
Posts: 324
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That's roughly in line with what the national lease deal is from Chevy.
If that's the out the door price with all taxes and fees, and you're happy with that term and 12k miles. It's not a bad deal. Just a high payment. If you can make that payment, get down with your ZL1. If you don't need 12k miles go for 10k and save a few dollars. Money down on a lease is hard to justify because it's essentially pre paying payments. You're out that money if your car is wrecked or stolen. Again, it's all up to your ability to pay a high dollar amount and your comfort with risking 4k of your hard earned dollars. It's not my money, so I say you should go for it!
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2017 ZL1 A10 CFHood PDR NAV NFG - Order # VCSDRJ
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04-07-2017, 01:20 PM | #5 |
Drives: 2019 Silverado Z71 6.2L A10 Join Date: Mar 2017
Location: Grapevine
Posts: 2,075
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I cannot justify leasing, that's just me.
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2019 Silverado Z71 LTZ 6.2L L87 425hp A10, 4 inch BDS Lift with Fox Factory Race 2.5 Coilovers, Borla Cat back (15HP bump), BFG KM3's 33's. Past Rides 2017 M6 Camaro ZL1 Hyper Blue 2016 M6 GT350 White with blue strips 2014 M6 Mustang GT Premium Track Pack Ruby Red 2012 M6 M3 Melbourne Red Metallic |
04-07-2017, 01:22 PM | #6 | |
Drives: 2017 Z06 / 2012 CTS Join Date: Jul 2013
Location: NY
Posts: 731
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Quote:
Worst case scenario you wreck that car, your 4K down is gone. I'd never recommend to put money down on a lease when you never own, its solely to lower the payment.
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04-07-2017, 01:28 PM | #7 |
Drives: 2017 ZL1 A10 & 2021 BMW M340i x Dr Join Date: Mar 2009
Location: Tampa
Posts: 5,110
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what is sticker out the door price on the car? Based off your posted numbers you are paying 72k.
With tax, mine is close to that. I have no trade(keeping my 2012) and plan to finance 60k over 60 months. Intent is to double up on my payments so its paid by the end of 3 years. Reason of the 5 year note, same interest rate as 3 years and if something happens i won't be strapped or committed to the higher payment. For your lease, i would need to know what the car price is vs what you are paying.
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Sold 2012 2LT RS 12.3@112 old setup
Sold 1967 Camaro Pro Street. Ran 10's mild BB on NOS. 2017 HyperBlue ZL1 A10 ** Born 3/17/17**Delivered 4/08/17 2020 Build: Mag2650, BTR Stage2, NW103, BG, 14% lower, 90mm upper, ARH 2" Long system w/no cats, SW Legend mufflers. **807hp/762tq on 93 gas** and **848hp/792tq on e47** Sold 2018 (Go Mango) Dodge Charger Daytona 392 Daily Driver Daily Driver 2021 BMW M340i Xdrive |
04-07-2017, 01:46 PM | #8 | |
Drives: 2017 ZL1 A10 (Summit White) Join Date: Apr 2017
Location: Detroit,MI
Posts: 195
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Quote:
Transaction price: $66,365 Giving me a discount of: $1,430 Doc fee: $80 Tax: $310 Looks like the first months payment and doc fee is factored into the money down. Last edited by CarFlow1; 04-07-2017 at 02:15 PM. |
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04-07-2017, 03:27 PM | #9 |
Drives: 2017 ZL1 A10 & 2021 BMW M340i x Dr Join Date: Mar 2009
Location: Tampa
Posts: 5,110
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What about sales tax? You are paying 72k on 66k car.
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Sold 2012 2LT RS 12.3@112 old setup
Sold 1967 Camaro Pro Street. Ran 10's mild BB on NOS. 2017 HyperBlue ZL1 A10 ** Born 3/17/17**Delivered 4/08/17 2020 Build: Mag2650, BTR Stage2, NW103, BG, 14% lower, 90mm upper, ARH 2" Long system w/no cats, SW Legend mufflers. **807hp/762tq on 93 gas** and **848hp/792tq on e47** Sold 2018 (Go Mango) Dodge Charger Daytona 392 Daily Driver Daily Driver 2021 BMW M340i Xdrive |
04-07-2017, 04:54 PM | #10 |
Drives: 2017 ZL1 A10 (Summit White) Join Date: Apr 2017
Location: Detroit,MI
Posts: 195
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04-07-2017, 05:03 PM | #11 |
Drives: 2017 ZL1 A10 (Summit White) Join Date: Apr 2017
Location: Detroit,MI
Posts: 195
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04-07-2017, 05:13 PM | #12 |
So unless some of you are putting 20k+ down, I don't understand how $830 is a lot for a monthly note on a $65k car. What's the significant benefit of a large down payment as opposed to that same money in a high-yield CD or a solid savings account over the same 5 year period? I'm just asking because if I had $20k or more in cash I would definitely not put it on a depreciating asset. It's just $20k gone. I much prefer liquidity and 60-72 month loan for a car won't kill me.
OP....I'm not so sure I would want to lease a ZL1. I say buy, but its ultimately your choice. |
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04-07-2017, 05:37 PM | #13 |
Drives: 2017 ZL1 A10 & 2021 BMW M340i x Dr Join Date: Mar 2009
Location: Tampa
Posts: 5,110
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I just did ur 830x36 months plus ur 4k down plus the 39k residual. If you don't plan to keep the car it won't matter.
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Sold 2012 2LT RS 12.3@112 old setup
Sold 1967 Camaro Pro Street. Ran 10's mild BB on NOS. 2017 HyperBlue ZL1 A10 ** Born 3/17/17**Delivered 4/08/17 2020 Build: Mag2650, BTR Stage2, NW103, BG, 14% lower, 90mm upper, ARH 2" Long system w/no cats, SW Legend mufflers. **807hp/762tq on 93 gas** and **848hp/792tq on e47** Sold 2018 (Go Mango) Dodge Charger Daytona 392 Daily Driver Daily Driver 2021 BMW M340i Xdrive |
04-07-2017, 05:38 PM | #14 |
Drives: 2017 ZL1 A10 & 2021 BMW M340i x Dr Join Date: Mar 2009
Location: Tampa
Posts: 5,110
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Did you reach out to Becky at Rodgers Chevrolet?
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Sold 2012 2LT RS 12.3@112 old setup
Sold 1967 Camaro Pro Street. Ran 10's mild BB on NOS. 2017 HyperBlue ZL1 A10 ** Born 3/17/17**Delivered 4/08/17 2020 Build: Mag2650, BTR Stage2, NW103, BG, 14% lower, 90mm upper, ARH 2" Long system w/no cats, SW Legend mufflers. **807hp/762tq on 93 gas** and **848hp/792tq on e47** Sold 2018 (Go Mango) Dodge Charger Daytona 392 Daily Driver Daily Driver 2021 BMW M340i Xdrive |
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