Camaro has $1,200 lease cash this month, which I believe is first time GM has offered it on the 2017 Camaro. MF of .00119 for 36&39 months, while not great, is down as well. GM has a lot of Camaro inventory, so I would expect deals to get better, but certainly not get worse.
Thanks @adamcar, I was seeing $1000 lease cash + $500 competitive cash and then also trying to find $1000 from the red tag sale.
Does this sound right?
Stupid me, it says so right there as well. Thanks for pointing out the obvious. So the only thing I can look for is a red tag and the competitive lease. $1,500 in total. Shame, they are not leasing well. Can only get 7.5% off plus rebate but with the average residual and MF that still ends up being well over the 1% rule.
I guess I will wait it out. They had to close the factory because they are selling so badly.
Thanks for the spring info. I know all about the Grand sport, what I did not understand is why one would wait. There are loads sitting on dealer lots. My local had at least 3 that I saw when I went.
Also, there are big discounts to be had on these cars. My local has so many they don’t know what to do with them all. They started by offering $10k off without any negotiation. They may well have been 2016 models but as I understand there is not much between the 2016 and 2017.
True True- but it’s a Corvette. Pricing is not always a deal killer when it comes to a true sports car.[quote=“jonahmils7, post:17, topic:7326”]
Will
Can you expand on what you mean about 2% of the monthly payment? Also are Ally bank lease rates better than GM? Do you know those numbers?
Also this lease is a business write off…its a lease for a board member. So it makes sense in terms of the deduction on the lease payments.
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@jonahmiles7 I believe he is talking about how one calculates the best lease deal- generally the rule of thumb for monthly lease payments should equate to 1% or less of the sales price . @willwar14 is saying that the corvette lease payments are at 2% per month of the car’s price which surpasses by double the 1% formula.
When it comes to business write off- I would highly recommend you talk to a tax adviser or an accountant- there are options that can help you determine a better tax incentive- take MB for example - they have lease, financing, and balloon financing .
Cool thanks. That makes sense from an individual level. Corporate tax rates @ 34% tho - take the deduction and that’s over $15K in tax savings over the term - not to mention the earning potential of that $15K invested. So the true cost to the business is about $28K plus the buy out at the end. So it’s not exactly overpaying - however I do agree from an individual level I would never lease a corvette. From the business standpoint if you’re comparing it to the loan - this is much better deal.