I went to the dealership after getting a targeted mail with a $50 giftcard offer.
MSRP: $31,140
Ancillary/Other: $2,200 (The hell?)
Acq Fee: $595
Dealer Discount:$500
Down Payment:$2,000
Incentives: $4,200 ($3,000 for Toyota Conquest and $1,200 for some other thing)
Residual: 56%
Residual $: $17,000
Net Selling Price: $30,600
Net Cap: $27,000
For a grand total of $415/MONTH with $2,418 due at signing
That doesn’t even come close to sounding right with all the $300-$350 and $0 Down I’ve been hearing about. Something’s off right? This is just a bad dealership even if you ignore the pitiful MSRP off (2-3%? lol), right?
A little more context: Credit Score is at 720-ish but they didn’t actually run it. I’m a current lessee (Camaro) who’s lease expires in 3 months so I got the pull ahead offer. I also have a leased Toyota as well.
Is this the dealer you are currently leasing your Camaro from?
What state are you in?
No, this is actually another dealer. The other dealer I got my current lease at did more or less the same thing when I got it from there but it was a bit more reasonable. I won’t go into discussing the details cause I honestly can’t remember them exactly. But I did end up paying $30-$40 more a month than the advertised/common payment so I expected that more or less. But this is well, a lot more.
I guess that’s one thing I forgot to mention. I’m in Texas . We kinda get screwed on taxes but this payment quote is BEFORE taxes.
Went to another 2 dealerships. Both of them are doing $2000+ Ancillary/Other fees. Best discount has been an $800 one.
It seems like every time I bring up an incentive they adjust the numbers to only provide me with a slightly better deal. Went from $2500->$4500 in incentives at this one dealer and only got -$10 on monthly payment and -$1000 on down payment. It’s much better than the dealer above though.
Who do they think they are, a Porsche dealer? Tell them for this money you can get into a Jag F type that is 64k MSRP!!!
For some reason, it is obvious GM does not want to lease Camaros, only sell them.
That’s common among the industry.
Most of it comes from the used industry and how banks value the vehicle (residual).
So proposition for you… Want to take over my lease? 2016 Camaro 1SS white with black wheels, npp exhaust, sunroof.
i pay $430 per month as a GM employee and its got 27 months left on the lease… I’m in Austin
That’s not a horrible deal for a lease. If you tell a dealer “throw some numbers at me” they’re dropping an anchor for the most profitable scenario they will possibly achieve on a deal. Usually the first set of numbers look a lot worse than what you’ve outlined here.
Is it a good deal? Not really. I think anyone interested enough in leasing to be here on these forums would want to put in the work to get to the $300s with $0 down (or would walk away if that couldn’t be done).
The $430 for an SS lease mentioned by @MotorCityATX is a good deal for that model… somebody in TX jump on that assuming there no surprises or disproportionally low miles remaining on the lease. It’s a sweet ride - I test drove one last year.
Nope, nothing wrong with it. 9k miles on it after only a year. 39 month lease with 39k miles. Bought a house and need out hah.
That’d be amazing if I hadn’t taken a deal like a day before you proposed that. I went into a 1lt with $360/month and $0 Down. At $430 that SS is basically a no brainer.
