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06-24-2013, 05:53 PM
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#1 |
 
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HELP PLEASE! :)
Hey guys whats up, first off I'm new here, but long time lurker
 so hello to all.Now i guess on to my "problem" i currently have a 2010 2LT Camaro and I'm looking to upgrade to a 1LE. Yesterday i was at the dealer and i worked out a deal for a white 1SS 1LE with them giving me $22,000 trade in value for my current camaro. MSRP on the 1LE they have is $38,000. I could either finance for 60 months at $300 out the door a month tax, title everything included. OR lease for 36 months 12,000 miles a year for $100 a month with a $24,000 buy out at the end of the lease. Now the twist, i need my mom to co-sign but she is hesitant because my current car is already paid off. I can afford both lease or finance but i just need to convince her its a good deal. Any thoughts/ideas/inputs on which option is better and or how to work the parentals? Any and all help or advice would be greatly appreciated. THANK YOU!
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06-24-2013, 06:18 PM
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#2 |
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Got mine!
Drives: 2021 LT1 RS - Orange Crush Join Date: Mar 2011
Location: Fallbrook, CA
Posts: 1,296
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Welcome to C5!!! Keep the car mom bought you and be happy with it. Have you seen the price of the tires alone for the 1LE! If you need a co-signature, you may not be able to afford it.
Last edited by bandier; 06-24-2013 at 06:22 PM. Reason: added to it |
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06-24-2013, 06:20 PM
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#3 |
 
Drives: 2013 AGM 1SS Join Date: Oct 2012
Location: Frisco, TX
Posts: 113
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If you plan on any mods, don't lease it, buy it.
I, personally, would never lease a camaro. Maybe a family sedan or something, but never a camaro. IMHO.
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06-24-2013, 06:40 PM
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#4 |
 
Drives: Camaro SS Join Date: Aug 2011
Location: US
Posts: 401
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Don't make your mom cosign a 35k+ car. Just wait a bit, build up your credit and buy it on your own. You have a nice car already, enjoy it.
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06-24-2013, 06:41 PM
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#5 |
        
Drives: '11 2SS, '11 C6 GS, '04 MDX Join Date: Feb 2012
Location: Kearney, MO
Posts: 2,846
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^ what he said! Be happy with what you have and put the extra $ away.
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06-24-2013, 06:45 PM
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#6 |
  
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I was in your shoes,i had a 2011 1LT RS/RS knowing i could never afford a V8,but i sold everything to make it happen.I know have a 1LE and couldn't be happier.There are a lot of things i cant do now,but at least i have the car of my dreams.If you can afford it then do it! but DONT LEASE!!!!!!!!!!
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06-24-2013, 08:02 PM
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#7 |
Drives: 2012 2SS/RS Join Date: Apr 2013
Location: Wisconsin
Posts: 301
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Geez! Tough crowd! Is this a Camaro forum or a financial planning forum?
He's not financing the whole 38 grand. I would say buy it if you can sweet talk your mom into it. Do not lease it though. Sure, your payments will be low, but you will be giving them all the equity you have built up in your current car. Anyway, if she says no, your current car is still pretty sweet. it's not like your stuck in a Prius or something. Good luck! |
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06-24-2013, 08:03 PM
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#8 | |
 
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Quote:
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2013 1SS/RS Coupe L99, Stainless Power Works LT Headers, SCT X4 Custom Tune from RDP, CAI Inc. Air Intake w/ Apex Scoop, VMAX CNC Ported Throttle Body, Solo Axle-Back Exhaust w/ J-pipes, Apex Catch Can, Husky Splash Guards, Heritage Grille, 3D Carbon Rear Spoiler, Oracle Chrome Turn Signal Bulbs, GM Reverse Light Trim Billets, Gorilla Black Locking Lugs, Emblem Pros Retro SS Badges/Custom Retro SS Kickplates/Under-hood Bowtie, 35% window Tint, Nitto Motivo Tires (6-8-18)
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06-24-2013, 08:08 PM
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#9 |
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Account not blocked
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he asked for opinions, thats what he's gonna get. my only input is , dont lease
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06-24-2013, 08:15 PM
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#10 |
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Too Many Great Choices
Drives: Grand Sport/Z07 Join Date: Jun 2009
Location: A Mountain Road
Posts: 7,454
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$27,600. VS. $18,000. ?
Pretty easy decision.
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06-24-2013, 08:51 PM
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#11 |
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Drives: 2013 2SS Blue Ray Metallic Join Date: May 2013
Location: Eldersburg MD
Posts: 377
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a lease is good if you don't plan to buy it out and move on to something else at the end of the lease.
If it's a car you want to keep and you can afford it, buy it. Now the co sign thing is another discussion. If your mom is willing and you fully intend to pay on time every time, then there is not many better ways to build your credit.
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06-24-2013, 09:07 PM
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#12 |
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lol thanks guys for your opinions both the tough ones and "less tough" ones i guess haha either way yes i can afford and fully intend to make every payment on time every time comfortably to also help build credit. i truly do appreciate all the different stances people are taking. i knew i joined the right forum!
 great info
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