Go Back   Corvette Forum > C6 Corvette, 2005 - 2013 > C6 Corvette General Discussion
Sign in using an external account
Register Forgot Password?
Register Search Today's Posts Mark Forums Read FAQ Vendor Directory
Search
C6 Corvette General Discussion
General C6 Corvette Discussion not covered in Tech Sponsored by
PFYC

Welcome to Corvetteforum.com!
Welcome to Corvetteforum.com.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, at no cost, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, join Corvetteforum.com today!


Corvette Store
 
 
C7 Parts & Accessories
C6 Parts & Accessories
C5 Parts & Accessories
C4 Parts & Accessories
C3 Parts & Accessories
C2 Parts & Accessories
C1 Parts & Accessories
Wheels & Tires
Sponsored Ads
 
 
Vendor Directory
  
Reply
 
 
 
 
Thread Tools Search this Thread
Old 11-15-2006, 09:36 AM   #1
trebor007
Junior Member
 
Member Since: Nov 2006
Default Smart lease or Smart buy

Has anyone used the smart buy or smart lease through chevy or should I stick with retail financing? I am interested purchasing a Z06 and trying to do my homework. What are the advantages and disadvantages any of the three. Any info, good or bad, would be appreciated.
trebor007 is offline   Reply With Quote
Old 11-15-2006, 10:12 AM   #2
jesse12804
CF Senior Member
 
jesse12804's Avatar
 
Member Since: Dec 2003
Location: queensbury ny
Default

just retail.Smart lease/buy isn't so smart if you plan on keeping the car long term.Lots of charges for rental fees/depreciation,andin the long run you'll pay more in interest.
jesse12804 is offline   Reply With Quote
Old 11-15-2006, 10:18 AM   #3
Seeker135
CF Senior Member
 
Seeker135's Avatar
 
Member Since: Sep 2006
Location: Scenic (and snowy) New Hampshire
Default

Quote:
Originally Posted by jesse12804
just retail.Smart lease/buy isn't so smart if you plan on keeping the car long term.Lots of charges for rental fees/depreciation,andin the long run you'll pay more in interest.

I leased a new Silverado, Tahoe and 2 GMCs but would never do it again. I turned in the Silverado after just over 2 years because of high mileage and if you want to buy it out it costs a fortune. The only way it would be beneficial is if you could lease it under a business and write it off somehow.
Seeker135 is offline   Reply With Quote
Old 11-15-2006, 11:47 AM   #4
vr6aaron
CF Senior Member
 
vr6aaron's Avatar
 
Member Since: Oct 2006
Location: San Antonio Texas
Default

I did smart buy on my CTSv, its great. Matter of fact thats what i traded in to get my C6. You basically own the car but have the option to turn the car back in at the end of your term.
vr6aaron is offline   Reply With Quote
Old 11-15-2006, 09:06 PM   #5
Purdue
CF Senior Member
 
Purdue's Avatar
 
Member Since: Apr 2005
Location: ---Phoenix, AZ --- Boiler Up, Hammer Down!
Default

Quote:
Originally Posted by vr6aaron
I did smart buy on my CTSv, its great. Matter of fact thats what i traded in to get my C6. You basically own the car but have the option to turn the car back in at the end of your term.


There is so much anti-lease and SmartBuy out there....leasing works great for someone who wants a new car every 2-3 years and don't want to put money down and worry about selling it 2 years later or getting screwed on a trade. I did a SmartBuy back in 1994 when living in Michigan and it worked out great, but you cannot do a SmartBuy in Arizona so I lease.

I lease all my cars because 3 years later I want a new one! I use my GM employee discount...no money down...use the lease pull ahead in 30 months....and ask politely, "please give me the keys to my new car."

Different strokes for different folks....just another way of financing.
__________________
2009 Cyber Gray/Ebony 3LT/MXO/GU2/NPP/Q9V

2006 GTO Cyclone Grey/Black MX0


2006 GTO Spice Red/Ebony MXO (GONE 7/19/11 TOTALED BY AN IDIOT)
2006 C6 Monterey Red /Ebony 3LT/MXO/QX3 (GONE 4/27/09)
2003 C5 Black/Black 1SB/GU2/QF5 (GONE 6/20/06)
Purdue is offline   Reply With Quote
Old 11-16-2006, 10:32 AM   #6
NineBall
CF Senior Member
 
NineBall's Avatar
 
Member Since: Jun 2000
Location: Houston TX
NineBallTW
Default

I did the Smartbuy on my C6. I did it for a 3-year plan, because the balloon payment at the end was like $28K and I knew the car would be worth at least that or more after 3 years anyways. You also have the option to sell it at any time with the Smartbuy, just like you purchased it. There is just a payoff, just like any purchased car.

These options are great for people that don't keep a car more than 2-3 years, and don't put a lot of miles on them. I wouldn't do it for a daily-driver, but for a garage queen Corvette it works out nicely.
__________________
Co-Founder, LS1TECH.com

1969 Camaro SS Convertible | 1970 Chevelle SS 454 | 2006 Viper Coupe | 2014 Viper TA | 2009 Cadillac CTS-V | 2014 Camaro SS 1LE
Online Garage: www.fquick.com/NineBall
NineBall is offline   Reply With Quote
Old 11-16-2006, 04:04 PM   #7
shaan
CF Senior Member
 
shaan's Avatar
 
Member Since: Oct 2005
Location: Frisco TX
Default

i am the person who wants new car every 2-3 years as well, so thats why i leased my vette, at first i thought it was a bad idea, but after seeing the prices drop on the forum and how people were loosing thousands of dollars withing months of purschasing their vette, i am glad i leased it, sports cars and luxuary cars always drop their value "FAST"
shaan is offline   Reply With Quote
Old 11-16-2006, 04:34 PM   #8
vjones
CF Senior Member
 
vjones's Avatar
 
Member Since: Oct 2005
Location: Rocklin Ca
Default

Depends on what you do, some who are in sales can write off the lease payment. If you plan on holding on to the car, buy it.
vjones is offline   Reply With Quote
Old 11-16-2006, 10:16 PM   #9
Purdue
CF Senior Member
 
Purdue's Avatar
 
Member Since: Apr 2005
Location: ---Phoenix, AZ --- Boiler Up, Hammer Down!
Default

Quote:
Originally Posted by shaan
i am the person who wants new car every 2-3 years as well, so thats why i leased my vette, at first i thought it was a bad idea, but after seeing the prices drop on the forum and how people were loosing thousands of dollars withing months of purschasing their vette, i am glad i leased it, sports cars and luxuary cars always drop their value "FAST"


Two scenarios:

A) Person leases a C6 with $7500 off (using forum dealer) final price is 45K their lease payment is $800 (including tax) after 3 years they turn in their car and get a new Vette with no trade in haggle .

B) Person buys C6 with $7500 off (using forum dealer) with a price of 45K now include the 8% sales tax now final price is $48.6K. Their finance payment is $962 (7% interest)......3 years later there is a bump in horsepower to 450hp ...now they want to trade...the dealer wants to screw them on their trade...4 hours later....they negotiate a deal that would clear their car. They are happy and now get into a new C6 with 450hp.

After it is all said and done....scenario B) paid $5472 more than the person who leased and they both drive off with a new car with 450hp .
Purdue is offline   Reply With Quote
Old 11-16-2006, 10:16 PM
 
Go Back   Corvette Forum > C6 Corvette, 2005 - 2013 > C6 Corvette General Discussion
Reload this Page Smart lease or Smart buy
 
 
 
Reply

Tags
az, buy, car, corvette, lease, plan, rate, smart, smartlease


Thread Tools Search this Thread
Search this Thread:

Click for Advanced Search

Posting Rules
You may not post new threads
You may not 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 Off
Pingbacks are Off
Refbacks are Off

Forum Jump


All times are GMT -4. The time now is 12:19 AM.


Emails & Password Backup