Leasing a C6.
Cruising
Joined: Oct 2005
Posts: 11
Likes: 0
What do you mean by "too many variables?"
A lease is the best way to protect yourself from the variables. You get a guaranteed value on the vehicle for the end of your lease. If you love the car, you buy it. If its worth more than the residual, then you sell it and make money. If its worth less than the residual, you get to walk away from it and the bank takes the hit. I see them as "options"
Check out www.leasecompare.com and decide for yourself. It'll give you a good idea of the leasing options on the C6 without having to haggle with the dealer.
For some people, saving $300-$400/month by doing a lease is a smart way to put that money to good use elsewhere rather than in a depreciating asset. The majority of people in the US don't ever keep a car long enough to pay it off and get the pink slip, therefore, if you think about it, all those people are essentially leasing their cars anyways because they never truly own it.
A lease is the best way to protect yourself from the variables. You get a guaranteed value on the vehicle for the end of your lease. If you love the car, you buy it. If its worth more than the residual, then you sell it and make money. If its worth less than the residual, you get to walk away from it and the bank takes the hit. I see them as "options"
Check out www.leasecompare.com and decide for yourself. It'll give you a good idea of the leasing options on the C6 without having to haggle with the dealer.
For some people, saving $300-$400/month by doing a lease is a smart way to put that money to good use elsewhere rather than in a depreciating asset. The majority of people in the US don't ever keep a car long enough to pay it off and get the pink slip, therefore, if you think about it, all those people are essentially leasing their cars anyways because they never truly own it.
Racer
Joined: Mar 2004
Posts: 266
Likes: 0
From: Memphis TN
Originally Posted by bborder
What do you mean by "too many variables?"
A lease is the best way to protect yourself from the variables. You get a guaranteed value on the vehicle for the end of your lease. If you love the car, you buy it. If its worth more than the residual, then you sell it and make money. If its worth less than the residual, you get to walk away from it and the bank takes the hit. I see them as "options"
Check out www.leasecompare.com and decide for yourself. It'll give you a good idea of the leasing options on the C6 without having to haggle with the dealer.
For some people, saving $300-$400/month by doing a lease is a smart way to put that money to good use elsewhere rather than in a depreciating asset. The majority of people in the US don't ever keep a car long enough to pay it off and get the pink slip, therefore, if you think about it, all those people are essentially leasing their cars anyways because they never truly own it.
A lease is the best way to protect yourself from the variables. You get a guaranteed value on the vehicle for the end of your lease. If you love the car, you buy it. If its worth more than the residual, then you sell it and make money. If its worth less than the residual, you get to walk away from it and the bank takes the hit. I see them as "options"
Check out www.leasecompare.com and decide for yourself. It'll give you a good idea of the leasing options on the C6 without having to haggle with the dealer.
For some people, saving $300-$400/month by doing a lease is a smart way to put that money to good use elsewhere rather than in a depreciating asset. The majority of people in the US don't ever keep a car long enough to pay it off and get the pink slip, therefore, if you think about it, all those people are essentially leasing their cars anyways because they never truly own it.
Okay... I'm visiting from the C5 board, but I have a 4-year, 12,000 mile a year lease on a 2004 coupe. Monthly payment with $0 down? $540. Pretty darn good monthly payment for a brand new Vette I would think. And, at the end of the lease I get to walk away. Considering I was trading every three years on a 5-year note and loosing money on each car, it ends up being a really good deal for me.
Leases are not for every one. I live 3.5 miles for work, so after 19 months I have exactly 19,000 miles (exactly where I should be). If you are going to put a lot of miles on the car, rough on a car (lot of wear and tear), want to make modificiations or want eventually own the car... leasing is NOT for you.
But, if you have the "sickness" that I and a lot of people have that want a brand new car every three years, leasing can be a good deal. Actually, my lease is really a balloon note, so it really isn't any different than someone taking out a 5-year note and selling/trading in the car at the end of year 4... except that I am guaranteed that the bank will take back the car at the end of the lease and I never have to pay the $22,000 balloon payment at the end. Too, many variables? Not really, money-wise I simply financed $20,000 over 4 years at 5%. The only real difference is that I have to watch how many miles I put on it.
Again... not for everyone... but definitely an option to look into. It's working out great for me...
Team Owner
Joined: Feb 2003
Posts: 37,329
Likes: 12
From: Plano Texas
CI 6-7-8-9 Veteran
CI-VI Car Show Winner
St. Jude Donor '07-'08-'09-'10-'11-'12-'13
Originally Posted by RyanC6
Too many variables.
It will depend on your particular situation. The best person to ask is your accountant
