C7 Corvette Stingray Lease Option
10-25-2013, 06:11 PM
#1
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C7 Corvette Stingray Lease Option
I'm interested in the C7, but I think a lease will be more appropriate for me. The question is, have any of you gotten numbers for a lease on one of the new C7s? What's the MF/APR and Residual look like? (And which bank is it through?)
My local dealer in the SF Bay Area (CA) today finally gave me a bit more info on the residual, quoted it at 59% for 36-mo lease with 12,000 miles thru Ally bank. No news on the money factor yet though.
(Also, for those of you doing financing, what kind of APRs are you seeing?)
My local dealer in the SF Bay Area (CA) today finally gave me a bit more info on the residual, quoted it at 59% for 36-mo lease with 12,000 miles thru Ally bank. No news on the money factor yet though.
(Also, for those of you doing financing, what kind of APRs are you seeing?)
Last edited by Tyler Fox; 10-25-2013 at 08:36 PM.
10-25-2013, 08:22 PM
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Must be BS or why would you not post the name? I hate posts like this.
I looked at leasing last month. Money factor was 5.9%. Car appears to be too new to get much of a deal.
But could change quickly.
I financed mine for 1.59% for 48 months......Capital One.
I looked at leasing last month. Money factor was 5.9%. Car appears to be too new to get much of a deal.
But could change quickly.
I financed mine for 1.59% for 48 months......Capital One.
Last edited by Greg00Coupe; 10-25-2013 at 09:04 PM.
10-25-2013, 10:08 PM
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Scraping the splitter.
12-17-2013, 02:07 AM
#11
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Anyone have updates on leases on the Stingray? I'm waiting on my order to enter production, curious if anything has changed.
Last edited by Tyler Fox; 12-20-2013 at 09:18 PM.
12-20-2013, 09:07 PM
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Guess I can answer my own question. I was able to find this brand new lease offer on the 2014 Stingray from Ally: http://cl.ly/image/2W3x093C1G2e
12-20-2013, 09:15 PM
#13
Typical lease advertising.
- Quote a car at base price which no one buys
- Add a down payment of a few thousand dollars which you should never do on a lease
- Doesn't include TTL
- Very low mileage which may be OK for some
- Make the term something no one should ever do (39 months you pay registration and property tax for a full year in states that charge ppt)
Bottom line once you add the options you want and adjust the terms to something that makes sense you will be at $800-900 per month. In the right situation that may still make sense but you can't take a $599 lease advertisement at face value. Car manufacturers are notorious for this
- Quote a car at base price which no one buys
- Add a down payment of a few thousand dollars which you should never do on a lease
- Doesn't include TTL
- Very low mileage which may be OK for some
- Make the term something no one should ever do (39 months you pay registration and property tax for a full year in states that charge ppt)
Bottom line once you add the options you want and adjust the terms to something that makes sense you will be at $800-900 per month. In the right situation that may still make sense but you can't take a $599 lease advertisement at face value. Car manufacturers are notorious for this