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post #1 of 6 Old 08-10-2014, 07:57 PM Thread Starter
Join Date: Aug 2014
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Leasing a Camaro?

I was just wondering how popular it is to lease a new Camaro compared to buying.
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post #2 of 6 Old 08-12-2014, 05:12 PM
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I'm not a big lease fan myself ... kind of limits the modding if you have that interest, I would guess

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post #3 of 6 Old 08-12-2014, 09:47 PM
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I can't advise you there. However I can say that owning is the best imo.
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post #4 of 6 Old 08-13-2014, 06:37 AM
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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/

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Last edited by CyberPunk223; 08-13-2014 at 06:46 AM.
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post #5 of 6 Old 08-13-2014, 06:27 PM
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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!

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post #6 of 6 Old 09-09-2014, 11:09 PM
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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.

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