Leasing a Camaro? - ModernCamaro.com - 5th Generation Camaro Enthusiasts
5th Generation Camaro News & General Discussion News Articles & General Discussion about the 5th Generation Camaro.

 
LinkBack Thread Tools
post #1 of 6 Old 08-10-2014, 06:57 PM Thread Starter
Newbie
 
Join Date: Aug 2014
Posts: 5
 
Leasing a Camaro?

I was just wondering how popular it is to lease a new Camaro compared to buying.
Bigbob is offline  
Sponsored Links
Advertisement
 
post #2 of 6 Old 08-12-2014, 04:12 PM
Veteran Member
 
83Hokie's Avatar
 
Join Date: Aug 2012
Location: Virginia
Posts: 4,590
 
I'm not a big lease fan myself ... kind of limits the modding if you have that interest, I would guess

2012 2SS / RS CRT; Additional Options: Highwing Spoiler, Sunroof, Window Tint, Splash Guards, Wheels, Nitro, Heritage Grill, MRT Louvers, Ported Throttle Body, Cold Air Inductions CAI, RX Sport Hood, someone's splitter, River City Strut Bar
Born On: 13 April 2012; Purchased: 27 August 2012
83Hokie is offline  
post #3 of 6 Old 08-12-2014, 08:47 PM
Senior Member
 
Midnighter's Avatar
 
Join Date: Jan 2013
Location: Nor Cal
Posts: 887
 
Garage
I can't advise you there. However I can say that owning is the best imo.
Midnighter is offline  
 
post #4 of 6 Old 08-13-2014, 05:37 AM
Member
 
CyberPunk223's Avatar
 
Join Date: Jun 2013
Posts: 275
 
leasing is cheaper in the short term,

1. you don't pay any interest on a loan
2. the monthly payment is lower.
3. you probably don't have to pay sales tax & there is less risk to you if the car is reprocessed, no big hit on depreciation..
4. you'll probably have the option of buying the car at the end of the lease.

only thing is that t the end of the lease you have nothing when you cold have had equity in a car.

if you only plan to hav ethe car for a short time and don't want to do any permanent mods then it's an okay way to go.

but the best way is to buy & keep the car a long time/

2012 1LS Silver Ice - Mods - SS Strut Brace, RX Catch Can, BBK CAI, TRS Bi-Xenon HID's, Blackout Grill, RX65 Radar Detector, 700watt 4 Channel Amp with Kicker Speakers, 4Pack Gauges Added, 30% tint. Baer Drilled Rotors & pads, 20" American Racing. Awesome car.

Last edited by CyberPunk223; 08-13-2014 at 05:46 AM.
CyberPunk223 is offline  
post #5 of 6 Old 08-13-2014, 05:27 PM
xxSkullZxx
 
xxSkullZxx's Avatar
 
Join Date: Feb 2013
Posts: 92
 
Garage
Only lease if you plan on getting a new car every 2-3 years. Leasing and then buying is a major rip off. Plus if you lease a Camaro, you cannot do any modding whatsoever since you don't truly own the car. Even basic mods like exhaust, CAI and what not cannot be performed!

2012 V6 IOM./ Borla axel back exhaust/ K&N Cold Air Intake/ 18" TSW Matte Black Mugello wheels, 35 % Tinting, Matte Black Rally Stripes, Matte Black Fade Gill Stripes, Matte Black Fender Hash Stripes, Tail Light and Side Marker Black Outs and Solid Black Bowties!
xxSkullZxx is offline  
post #6 of 6 Old 09-09-2014, 10:09 PM
Member
 
Mikesan's Avatar
 
Join Date: May 2007
Location: West Sacramento
Posts: 132
 
With a lease, you are paying sales tax. One month at a time. Why would you want to buy a car at the end of a lease? You really want a three year lease payment and then a 4-5 year car note on a rapidly depreciating asset? If it's repo'd your credit still takes a hit. If you buy it, you can still sell it (assuming you put down a decent downpayment) and avoid a repo. With a lease, you're stuck. Better to buy a 2-3 year old car. Payments about the same as the lease and you own it at the end. Unless you lease a work vehicle for a business and you can write it off, most people should not lease. If you have to lease to get a lower payment then you probably ought to look at a cheaper car.

2012 45th SS Vert LS3
2007 Shelby GT500 - 3200 mi
2006 Pontiac Solstice - 4009 mi
1969 Buick GS400
1968 Mustang Coupe
1964 Buick Riviera
Mikesan is offline  
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the ModernCamaro.com - 5th Generation Camaro Enthusiasts forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome