Where to get the best lease terms?
04-18-2015, 05:40 PM
#21
Team Owner
No one was offering leasing when I got my C7 and I would like to have leased.
It is a summer car and I ended up doing 11k last summer so I could squeak by with a 2 year 24K lease.
Fixed cost of ownership and big thing in Michigan is the tax situation. I would sell my '14 and get a '15 or now a '16 but the issue is I don't want to throw 4K in money out the window to taxes.
I paid 4K in sales tax and now I'd have to pay that 4K again versus paying use tax.
So thats 8K in sales tax versus, assuming say $1200 a month lease payment , $1,728 in tax, zero out of pocket. No hassle to sell, prepare to sell, etc.
We lease our other cars but they are business expenses as someone mentioned above.
It is a summer car and I ended up doing 11k last summer so I could squeak by with a 2 year 24K lease.
Fixed cost of ownership and big thing in Michigan is the tax situation. I would sell my '14 and get a '15 or now a '16 but the issue is I don't want to throw 4K in money out the window to taxes.
I paid 4K in sales tax and now I'd have to pay that 4K again versus paying use tax.
So thats 8K in sales tax versus, assuming say $1200 a month lease payment , $1,728 in tax, zero out of pocket. No hassle to sell, prepare to sell, etc.
We lease our other cars but they are business expenses as someone mentioned above.
04-18-2015, 07:41 PM
#22
Geez ive been trying to lease a C7.
I'm about to give up. The BEST offer i've gotten from the local dealerships here...
$900 a month for 48 months on a BASE C7 hardtop auto.
And the best part-- $12500 DOWN on top of that.
They won't even budge. All they say is, "how about a camaro"
I'm about to give up. The BEST offer i've gotten from the local dealerships here...
$900 a month for 48 months on a BASE C7 hardtop auto.
And the best part-- $12500 DOWN on top of that.
They won't even budge. All they say is, "how about a camaro"
04-18-2015, 08:30 PM
#23
In California we have a high tax so when you lease you only pay tax on the payment amount not the price of the car so this could save you a lot on tax. I lease a cars that have a factory lease special for a DD that give a high end of the lease value, factory incentives and a 0 or close to zero money factor.
04-19-2015, 12:37 AM
#24
Burning Brakes
If I'm not mistaken I don't believe Ally offers leasing on the C7's yet but many dealers have alternate sources for leasing. You can also go with a number of private lease brokers but they tend to deal direct with the dealer, not you.
You may want to consider a payment saver loan from PenFed. Roughly the same monthly payment as a lease but you own the car.
You may want to consider a payment saver loan from PenFed. Roughly the same monthly payment as a lease but you own the car.
I have a 3 year payment saver at 1.24 % for my DD Audi Q5 diesel,
And just bought a used 2013 Z on payment saver 3 year,
2.74 %. Keeping my money working for me in the Fidelity Contra Fund !
04-19-2015, 10:03 AM
#25
No one was offering leasing when I got my C7 and I would like to have leased.
It is a summer car and I ended up doing 11k last summer so I could squeak by with a 2 year 24K lease.
Fixed cost of ownership and big thing in Michigan is the tax situation. I would sell my '14 and get a '15 or now a '16 but the issue is I don't want to throw 4K in money out the window to taxes.
I paid 4K in sales tax and now I'd have to pay that 4K again versus paying use tax.
So thats 8K in sales tax versus, assuming say $1200 a month lease payment , $1,728 in tax, zero out of pocket. No hassle to sell, prepare to sell, etc.
We lease our other cars but they are business expenses as someone mentioned above.
It is a summer car and I ended up doing 11k last summer so I could squeak by with a 2 year 24K lease.
Fixed cost of ownership and big thing in Michigan is the tax situation. I would sell my '14 and get a '15 or now a '16 but the issue is I don't want to throw 4K in money out the window to taxes.
I paid 4K in sales tax and now I'd have to pay that 4K again versus paying use tax.
So thats 8K in sales tax versus, assuming say $1200 a month lease payment , $1,728 in tax, zero out of pocket. No hassle to sell, prepare to sell, etc.
We lease our other cars but they are business expenses as someone mentioned above.