2017 Corvette residuals and money factor for Lease

[Alex]

@jonahmiles7

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.

@jonahmiles7

Another way to look at it is it wouldn’t be 1197 a month cause you’re saving 15K over the term. The payment is closer to $780 with the tax savings

I’m glad you find my advice helpful. Due to a conflict of interest with my job in the finance field- I will refrain from answering specific pricing/tax questions. Thanks for understanding. In regards to how you’re going to report - I highly highly highly recommend you go to a tax adviser/accountant, I cannot stress that enough. Good luck!

@aeljizi

Does anyone know what the residuals are for the Corvette. Im looking at a 2LT stingray MSRP 68320.

Dealer quoted; 5k miles per yer/ 36 months 690$ month with 4000 total due. Seems a bit off.

looking for 36 month residuals and money factor (ally)5000 mile10000 mile12000 mile

Thank you

Alex

@aeljizi Please follow forum rules for requesting RV, MF, etc. information. Ask the Hackrs is not the right place to post this question. Thank you and welcome to the LH community. Please refer to:

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