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Looking to buy or lease a corvette base model. Going to try to get it around 50k or lower. Was wondering some monthly payment prices for lets say 5k down on a buy or no money down on a lease. Any info will help
sounds like something you can plug into a car payment calculator to guess with as ,it's going to depend on a lot of factors like the loan term, interest rate, etc.
Yep, lots of loan calculators out there (bankrate.com for example). Will depend on the rate you qualify for, term of the loan, etc. Heck, just google car loan calculator and it will be a tool you'll see at the top of the results.
$45k borrowed for 60 months at 4% would be $829 p/mo
Leases are usually not financially attractive on a Corvette. Residuals are low and rates are high IMHO. However, if you can write off the lease as a business expense it might make sense. Good luck.
Last edited by rmorin1249; Apr 12, 2017 at 10:01 PM.
I financed $49,931.00 at 1.99% for 66 month at my C.U. for exactly $800.00 month.
Google calc may be off a few cents, depends on borrow date and payment date to make exact as I did. Thats what I wanted to pay, $800.00
Check out Penfed Credit Union. I just took out a loan on the "payment saver" plan for 50K. My interest for 48 months is 2.74 and payments are just $512. At the end of the loan, albeit be 36,48, or 60 months, you will get a balloon payment based on the residual value of the csr. Then you either refinance, sell it, or trade it in. I'm flying out right now to pick up my 2016 Z51 Vert. Penfed was was AWESOME to work with.
I just purchased mine. I financed mine at 43K for 72 months at 3.0 interest rate. My payments are 620 a month. I chose 72 months because of many reasons! 1. I plan to keep the car for at least 5-6 years. 2. I was going to do 60 months but it would of raised the payments to about 665-670. The bigger picture was in case something might happen financially can I still pay for the car, so I chose the lower payments. You can also do what I do and pay more then the monthly payment and pay it off faster. Since my first payment I've been paying between 660-700 dollars. I hope this helps.
St. Jude Donor '05-'06-'07-'08-'09, '14-'15-'16-'17-'18
<big baller, shot callers> Pay cash. I pay cash for everything, even my 2.5 million dollar 2nd home in Arizona. Financing is for chumps. <big baller, shot callers>
<big baller, shot callers> Pay cash. I pay cash for everything, even my 2.5 million dollar 2nd home in Arizona. Financing is for chumps. <big baller, shot callers>
<big baller, shot callers> Pay cash. I pay cash for everything, even my 2.5 million dollar 2nd home in Arizona. Financing is for chumps. <big baller, shot callers>
Not very smart with your money, fellas. And all you're really doin' is talkin' chit. I financed at .6% and put my $70k in the markek & its returning 14%. Not a guarantee, but its doing ok.
<big baller, shot callers> Pay cash. I pay cash for everything, even my 2.5 million dollar 2nd home in Arizona. Financing is for chumps. <big baller, shot callers>
Not very smart with your money, fellas. And all you're really doin' is talkin' chit. I financed at .6% and put my $70k in the markek & its returning 14%. Not a guarantee, but its doing ok.
Where did you find 0.6%? That's a no-brainer. Heck, anything under 1.9% is a no-brainer.
I paid cash for mine......but it was only because I had sold a house that was paid off. Put half down on my new townhouse and slightly less than half into the Corvette. As a "working man" who has two jobs, a new Corvette was an unheard of thing for me without going about it this way.
At least I don't have a payment on it and my mortgage is reasonable. My child support also ended last summer and my other car is paid for - otherwise there is no freaking way I could do this.
It does mean no expensive dining out regularly and foregoing tropical vacations - but it's worth it to me. Everyone's situation is different.
I just took out a loan on the "payment saver" plan for 50K. My interest for 48 months is 2.74 and payments are just $512. At the end of the loan, albeit be 36,48, or 60 months, you will get a balloon payment based on the residual value of the csr. Then you either refinance, sell it, or trade it in.
Chevrolet used to offer financing like this called a Smart Buy.
Made money selling a '93 Camaro since SB's residual was projected way lower than market after 3 years. The new F-chassis Camaros were still hot w/ high demand in '96, more than they thought to my advantage.
Great program, never understood WTH GM discontinued it
+1 of PenFed - they are great! They always had the lowest interest rates I could find at the time.
Another technique is to get their current interest rates off their web site and have it on your phone. When at the dealership, show them to the finance person and usually they match them since they get all kinds of kickbacks if they finance the cars. If not, they usually let you take the car home with a promissory note and I just go and apply for the PenFed loan off the web site and then they deliver the check overnight for you to countersign and forward to the stealership. The stealership wants you to take the car with you.
Last edited by Flame Red; Apr 15, 2017 at 12:22 PM.
Corvette monthly payment
