Lease??
Race Director
Joined: Sep 2013
Posts: 11,825
Likes: 2,474
From: Ft Lauderdale
Tech Contributor
I'm new to Chevrolet, so I'm a little confused. Hopefully I can get some education here 
Coming from a BMW background, leasing a C7 appears to be very difficult right now. If I were to call my BMW sales advisor right now and ask him what the 10k/yr residual and money factor on an M6 is, he could pull out a piece of paper and tell me within 5 minutes. With that information, I can configure a car and run the numbers myself, so I know whether it even makes sense to talk to him about buying one.
I've stopped in a couple of Chevrolet dealers and they all gave me a confused look when I inquired about leasing specifics for a Corvette. It's like no one in the place had ever heard of residual and money factor.
I don't want to pester a bunch of dealers when I'm just trying to figure out if a C7 is even in the price range I'm considering. Residual has a huge impact on the cost of a lease, so I'd really like to find that out before I go hunting for a car.
Does anyone have any good resources for residual and money factor information on the C7?
Coming from a BMW background, leasing a C7 appears to be very difficult right now. If I were to call my BMW sales advisor right now and ask him what the 10k/yr residual and money factor on an M6 is, he could pull out a piece of paper and tell me within 5 minutes. With that information, I can configure a car and run the numbers myself, so I know whether it even makes sense to talk to him about buying one.
I've stopped in a couple of Chevrolet dealers and they all gave me a confused look when I inquired about leasing specifics for a Corvette. It's like no one in the place had ever heard of residual and money factor.
I don't want to pester a bunch of dealers when I'm just trying to figure out if a C7 is even in the price range I'm considering. Residual has a huge impact on the cost of a lease, so I'd really like to find that out before I go hunting for a car.
Does anyone have any good resources for residual and money factor information on the C7?
Last edited by Glen e; Jun 8, 2014 at 01:37 PM.
Team Owner
Joined: Jan 2002
Posts: 24,569
Likes: 35
From: Spring Branch TX
St. Jude Donor '14,'18,'21
Not a low payment with a balloon......different animals.
People lease to get a low payment....
Great rate, but big payment, due to financing the whole amount.
The purchase finance with balloon gives the lowest monthly payment,
low to no down, ties up the least amount of cash, up front and each month, so you can invest it, and does not have the pitfalls of a lease.
Gap insurance is included in the Pen Fed deal.
People lease to get a low payment....
Great rate, but big payment, due to financing the whole amount.
The purchase finance with balloon gives the lowest monthly payment,
low to no down, ties up the least amount of cash, up front and each month, so you can invest it, and does not have the pitfalls of a lease.
Gap insurance is included in the Pen Fed deal.
Heel & Toe
Joined: Jun 2014
Posts: 23
Likes: 0
From: LA CA
not sure if this is accurate residual and money factors but here it goes
http://www.cars.com/go/alg/index.jsp
http://www.cars.com/go/alg/index.jsp
Last edited by mattkim85; Jun 13, 2014 at 05:48 PM.
