Why Such Poor Lease Rates?

l008com · 05-12-2018, 02:39 PM

Has anyone else noticed how the 6th gen Camaro has significantly worse lease rates than the 5th gen's had? What is up with that?

I'm talking about the total cost of the lease, compared to the total cost of the car. A 3 year lease on my 2013 Camaro ended up costing me something like $11,000 total. A similarly priced out 2018 Camaro comes in at about $15000 for a 3 year lease. It's like they've lowered the residual values wayyyyy down.

URBAN LEGEND · 05-12-2018, 02:41 PM

You are talking 5 long years ago.

l008com · 05-12-2018, 02:43 PM

Quote:

Originally Posted by URBAN LEGEND

You are talking 5 long years ago.

So? What does the time have to do with anything?

Hitman84 · 05-12-2018, 04:49 PM

Federal Interest Rates have gone up, effectively increasing most rates across the board for any kind of borrowing, and going up again soon IIRC.

Gen6_1Le · 05-12-2018, 06:47 PM

Quote:

Originally Posted by l008com

Has anyone else noticed how the 6th gen Camaro has significantly worse lease rates than the 5th gen's had? What is up with that?

I'm talking about the total cost of the lease, compared to the total cost of the car. A 3 year lease on my 2013 Camaro ended up costing me something like $11,000 total. A similarly priced out 2018 Camaro comes in at about $15000 for a 3 year lease. It's like they've lowered the residual values wayyyyy down.

Both cars the same price?

l008com · 05-12-2018, 09:16 PM

Quote:

Originally Posted by Gen6_1Le

Both cars the same price?

Yes, with both cars configured to be the same selling price, a 2016 is thousands more than my 2013 was. They were a great deal a few years ago. Not so great any more.

jaysonstuart · 05-12-2018, 10:48 PM

Resale on Camaros ain't great at the moment. So lease rates on Camaros are going to remain high.

indyz · 05-13-2018, 05:56 AM

Resale values suck. People are getting offers of 27k ( for a 48-50k when new) 2ss with 10k miles. I know someone who was offered 25k for his 1le with 5000 miles

.

Don't buy this car for its resale value....

Orangeman13 · 05-13-2018, 07:56 AM

If resale is that bad then it says to me that Camaros are not quality vehicles.

I’m curious, why do you guys love them so much when GM clearly is putting out a bad product.

It also makes me wonder why salesmen act like they are selling a Lamborghini when I talk to them.

The market doesn’t lie.

WhyUMad1LE · 05-13-2018, 08:02 AM

Quote:

Originally Posted by indyz

Resale values suck. People are getting offers of 27k ( for a 48-50k when new) 2ss with 10k miles. I know someone who was offered 25k for his 1le with 5000 miles

.

Don't buy this car for its resale value....

Hmm.. that seems about 10k below market for a 1LE. Just because someone got lowballed, doesn't mean that is the true value of the car.

My friend bought a 2SS for 34k and sold it for the same price 5k miles later.

Orangeman13 · 05-13-2018, 08:16 AM

I’m seriously considering one but as soon as I get ready to pull the trigger I get reminded of the timing chain wearing out too soon and the rattling issue....

wildchevy · 05-13-2018, 08:23 AM

I agree the high lease prices are due to low resale value when returned, this is not a car you going to buy and see it hold values, just buy it and enjoy the ride, you only live once and time flies.

indyz · 05-13-2018, 09:55 AM

Quote:

Originally Posted by WhyUMad1LE

Hmm.. that seems about 10k below market for a 1LE. Just because someone got lowballed, doesn't mean that is the true value of the car.

My friend bought a 2SS for 34k and sold it for the same price 5k miles later.

Lol, good luck on the trade in at the dealer. There is a difference between trade in values and retail values. Unless you are a dealer, I don't see how you will get retail for your car unless you find the right buyer who doesn't care about the money

Don't buy ANY car for resale values. Better?

AN0NYM0US · 05-15-2018, 11:29 AM

I've been checking lease rates for the 6th gen since 2016 and it didn't drop one bit, I've called dealers in the spring time summer time and christmas time and its all the same exact numbers, one dealer gave me a quote for $910 a month $1500 due at signing 10k miles per year 24 months lmaoooo they seriously do act they're selling a lambo....meanwhile dodge is leasing the scat pack for $400 a month and I know some ppl got it for less than that.

I've come to the conclusion that Camaro's are for buying not leasing.

05-12-2018, 02:39 PM	#1
l008com Drives: 2013 1LT Crystal Red/Beige Manual Join Date: Nov 2008 Location: Stoneham, MA Posts: 735	Why Such Poor Lease Rates? Has anyone else noticed how the 6th gen Camaro has significantly worse lease rates than the 5th gen's had? What is up with that? I'm talking about the total cost of the lease, compared to the total cost of the car. A 3 year lease on my 2013 Camaro ended up costing me something like $11,000 total. A similarly priced out 2018 Camaro comes in at about $15000 for a 3 year lease. It's like they've lowered the residual values wayyyyy down. __________________ FS: 245/50R19 Snow Tires

05-12-2018, 02:41 PM	#2
URBAN LEGEND Drives: 20 X3M CP & 19 ZL1 1LE A10 Join Date: Jun 2013 Location: Brenham, TX Posts: 3,517	You are talking 5 long years ago. __________________ 🔺22 RS E TRON GT 🔺21 Model S Plaid

05-13-2018, 08:23 AM	#12
wildchevy Drives: 2018 Hyper Blue 2SS convertible Join Date: Aug 2017 Location: S.E.Wisconsin Posts: 182	I agree the high lease prices are due to low resale value when returned, this is not a car you going to buy and see it hold values, just buy it and enjoy the ride, you only live once and time flies. __________________ 2018 HBM 2SS CONVERTIBLE A8

05-12-2018, 04:49 PM	#4
Hitman84 Drives: 2022 Rapid Blue 2SS 1LE Join Date: Sep 2012 Location: Rhode Island Posts: 756	Federal Interest Rates have gone up, effectively increasing most rates across the board for any kind of borrowing, and going up again soon IIRC.

05-12-2018, 10:48 PM	#7
jaysonstuart Drives: 2016 Camaro 2SS Join Date: Jun 2012 Location: Albany, OR Posts: 685 View My Garage	Resale on Camaros ain't great at the moment. So lease rates on Camaros are going to remain high.

05-13-2018, 05:56 AM	#8
indyz Drives: 2SS, CT-R, LC500 Join Date: Jan 2018 Location: FLorida Posts: 534	Resale values suck. People are getting offers of 27k ( for a 48-50k when new) 2ss with 10k miles. I know someone who was offered 25k for his 1le with 5000 miles . Don't buy this car for its resale value....

05-13-2018, 07:56 AM	#9
Orangeman13 Drives: 2023 Black Camaro 2SS Join Date: Sep 2017 Location: Cincinnati Posts: 259	If resale is that bad then it says to me that Camaros are not quality vehicles. I’m curious, why do you guys love them so much when GM clearly is putting out a bad product. It also makes me wonder why salesmen act like they are selling a Lamborghini when I talk to them. The market doesn’t lie.

05-13-2018, 08:16 AM	#11
Orangeman13 Drives: 2023 Black Camaro 2SS Join Date: Sep 2017 Location: Cincinnati Posts: 259	I’m seriously considering one but as soon as I get ready to pull the trigger I get reminded of the timing chain wearing out too soon and the rattling issue....

05-15-2018, 11:29 AM	#14
AN0NYM0US Drives: . Join Date: Dec 2015 Location: Michigan Posts: 256	I've been checking lease rates for the 6th gen since 2016 and it didn't drop one bit, I've called dealers in the spring time summer time and christmas time and its all the same exact numbers, one dealer gave me a quote for $910 a month $1500 due at signing 10k miles per year 24 months lmaoooo they seriously do act they're selling a lambo....meanwhile dodge is leasing the scat pack for $400 a month and I know some ppl got it for less than that. I've come to the conclusion that Camaro's are for buying not leasing.

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