Leasing a C7?
Thread Starter
Le Mans Master
Joined: Sep 2012
Posts: 7,146
Likes: 1,940
From: Hagerstown MD
St. Jude Donor '15-'16,'18
Racer
Joined: Mar 2014
Posts: 336
Likes: 1
From: WA
Melting Slicks
Joined: Jun 2000
Posts: 3,431
Likes: 298
From: MN-C3, AZ-C7
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer
Brett Foote
10 Things Every Corvette Owner Needs (2026 Edition)
Michael S. Palmer
8 Most "Only Corvette Owners Understand" Quirks and Problems
Pouria Savadkouei
10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years
Joe Kucinski
How Much Horsepower Every Corvette Engine "LOST" in 1972
Joe Kucinski
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!
Michael S. Palmer
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Thread Starter
Le Mans Master
Joined: Sep 2012
Posts: 7,146
Likes: 1,940
From: Hagerstown MD
St. Jude Donor '15-'16,'18
Le Mans Master
Joined: Oct 2004
Posts: 5,040
Likes: 416
From: hardyston new jersey
St. Jude Donor '09-'25
Intermediate
Joined: Nov 2014
Posts: 39
Likes: 12
Yes they do a lease. I just leased a few months ago. MY first corvette. I didnt know much about corvettes and was all set for a purchase then at last minute decided to lease and see if I really liked it as a daily driver. I have learned a lot on this forum and would buy next time as I now know so much more about the car, options, credit union prices and forum dealers.
Safety Car
Joined: Sep 2006
Posts: 4,364
Likes: 408
From: Greer, SC
Yes they do a lease. I just leased a few months ago. MY first corvette. I didnt know much about corvettes and was all set for a purchase then at last minute decided to lease and see if I really liked it as a daily driver. I have learned a lot on this forum and would buy next time as I now know so much more about the car, options, credit union prices and forum dealers.
Thread Starter
Le Mans Master
Joined: Sep 2012
Posts: 7,146
Likes: 1,940
From: Hagerstown MD
St. Jude Donor '15-'16,'18
When the time comes I will run the numbers on a lease and see if it makes sense for my situation. I have driven BMWs for many years and BMWNA makes leasing very attractive with high residuals and the ability to buy down the money factor by putting down refundable security deposits. I doubt GM does this but we'll see.
Le Mans Master
Joined: Dec 2012
Posts: 6,442
Likes: 2,535
From: New Jersey
The lease number quoted is bogus because it includes a $1999 downpayment and does not include sales tax. One could advertise $499 a month or $399 a month by just increasing the downpayment. Plus the annual mileage is like 5500 or so while most leases start at 10K annual mileage-If you calculate how much it costs per mile to drive you would really see how ridicuously expensive this lease is for a 55k car.
Last edited by Corgidog1; Jan 9, 2015 at 11:06 AM.
Thread Starter
Le Mans Master
Joined: Sep 2012
Posts: 7,146
Likes: 1,940
From: Hagerstown MD
St. Jude Donor '15-'16,'18
Exactly, but it usually does not make sense to put money down on a lease. The key factors are the capitalized cost, money factor(interest) and the residual at the end of the lease.
Thread Starter
Le Mans Master
Joined: Sep 2012
Posts: 7,146
Likes: 1,940
From: Hagerstown MD
St. Jude Donor '15-'16,'18
+1, would be interested in seeing the numbers based on a reduced capitalized cost using military pricing and the USAA rebate. Any idea who to contact? My local dealers say there are no leases available from GM. True?
6th Gear
Joined: Feb 2015
Posts: 6
Likes: 0
2015 C7 Convertible 2LT, ZF1 package, A8 tranny, Navi + PDR, Perf. exhaust, Battery protection, Carbon FLash, Red calipers, Black wheels Alu.
$1089/month (including CA taxes) on 36 months. 10,000 miles. $0 down.