Can’t get a hold of a salesperson willing to send me leasing quote.

Im looking for 2 different quotes.
- 36months/10k miles or 36months/12k miles
- 2lt, arctic white exterior with red interior, automatic transmission.
- NY sales tax
$0 down or $1000 down

if any dealer can provide me with the breakdown of the lease agreement

 

Probably because they know once you see the quote, they will never hear from you again. Corvettes do not lease well.

 

Look into a PenFed Payment Saver loan. Similiar to a lease but cheaper and you own the car. But you have to sell it yourself or refinance and buy it at the end of the term. GM once offered these but stopped for unknown reasons.

https://www.penfed.org/auto/payment-saver

 

I like to trade my car in every 3 years. I don’t want the hassle of selling it to the dealer or privately.
i rather just turn the key in and walk away

 

Why don’t you just purchase it and finance it then? I doubt very seriously that you would lose more money than a lease, and if you just trade it at the end of 36 months.......it’s really no different than “turning-in the key and walking away”.

I guess I don’t really understand unless you just don’t have the cash for a down payment.

 

Not always to do with down payment or money. Some advantages to a lease if you know you will get out in 3 years are:
pre-determined residual value, you never know C7s might be worth **** in 3 years but doesn't matter cause you aren't trading.
another is god forbid you have an accident or something and get a dirty car fax on it, no diminished value to you, cause you turn it in.

 

I am pretty sure GM ended lease support on 2019s. Might be able to get one through a bank or something, but most dealers only work with GM financial.

You are about 2 months late to the party.

 

I have worked in car sales for the last decade. Most american cars do not lease out well except for the Escalade, some GMC, Buicks and Caddies. The Jeep Gladiator currently has a good lease program. It will be cheaper for you to buy a corvette than to lease it. I love leases but I ended up having to buy my 2018 z06.

 

JMHO, but you haven’t listed enough of an argument for me to consider a lease.

 

To me, part of the fun of being an owner is being able to Mod and put my personal touch on my car. As a leaser, even if you could mod the car, its money down the drain. JMO.

 

Mods are money down the drain, whether you buy or lease.

 

Who cares, I wasn't trying to convince you to lease. Why would I waste my time trying to convince a stranger on the internet to lease when I have no skin in the game?

OP asked about a lease and you come in with a backhanded insult about a down payment, well it isn't always about a down payment or even having the cash. Could be a tax advantage to leasing as well. You said you didn't understand. You stated you are ignorant to the facts.

What was the point of your post? You added nothing.

 

Only if you ever plan to sale...this is my one and only I will ever buy and will eventually go to my son. Modding is like any hobby. I dont call something that I dont plan to get rid of or enjoy doing a waste of money. But everyone has their own opinion.

 

Big dealers still have leasing options

Agreed, I do not want to sit here thinking whats the value like after 3 years. You never know, if something happens to the car. It's always a big hassle to me if I have to go to the dealer to sell it and spend time negotiating how much I can sell it for.

Not much of a modding person but if I ever do, I can always sell the mod and try to recoup the cost. It would be like me leasing the parts as well.

 

True but granted that under certain circumstance you may need to sell the car. Either it gets too old, problems, or financial issues, who knows.
In the end, Mod might hurt the value of the car. Even if it doesn't, You won't get how much you paid for the mods.
And if it does, you will pay to have it removed and try to sell the parts. Back to square one

 

You have added a new condition.

You can lease the car and then keep it forever as well by refinancing, or buying the car outright at the end of the lease. You now own the car and can keep it forever.

That is, if you keep the car forever the mods are not wasted. If you turn the car in or sell, the mods are money down the drain.

 

Just stating my opinion on a open forum which I’m entitled to, and it wasn’t a backhanded insult. At times I find myself cash-poor and don’t have the funds readily available for the things I want. I truly just have never understood the point of a lease and have yet to hear an argument that would cause me to consider one. It wasn’t meant towards the OP as an insult as your reply was towards me. Thanks for the rude reply though.

And BTW genius, my reply to the OP was constructively adding to the discussion. Considering buying and financing might be more cost effective compared to leasing......but then again, that’s just my opinion as well.

 

This is where I am...I'm 56, this 2017 is my first and only Corvette I will ever own, it is not financed, its paid for. I plan to drive this car until the day I am unable to enter the car then my son has dibs on it. Most, but not all, of my mods are cosmetic, so I would agree that if you spent a lot of money on mods for a car you only plan to keep for a short time, that would be a waste of money. Bottom line is, its your car, your money...do as you please! Drive Safe everyone!

 

Unless you drive a vehicle very little, or use it in connection with a business, to me leasing doesn't make sense. When it's time to turn it in, you'll get taken to the cleaners.

 

I have worked in the auto industry for about 10 years so maybe I can help a bit because as a civilian I was completely against leases because "In the end I have nothing left to show for my money" mentality. Here in south florida people love driving luxury cars. Bmw, Mercedes, Audi,Porsche, etc.

The second you drive these things off of the lot you lose about 20 percent of their value. In the local auto industry about 95 percent of new car deals are leases. Why? Every 3 years you are in a brand new car. Always under warranty with roadside assistance included. If the car is involved in an accident you dont lose resale value because in the end its just a 3 year rental car. You can get a much more expensive car for a lower payment compared to financing.

Also high end european cars are a fortune to fix if something breaks after the warranty is up. Now if you are into long lasting, cheap to fix cars like accords and camrys and like to keep them for 10 years or so then buying is a much better option in my opinion. Also buying might make more sense if you drive over 15k miles a year. Another thing to consider if you are driving a european luxury car that is out of warranty you might not have a monthly payment but when something breaks and that repair bill comes in I can assure you it will be a lot more than a typical car payment. Right now I work for a BMW store and if you have a 2010-2011 out of warranty M3 and the transmission goes out thats approximately a $6-$8k repair.

If you look at your car payment the same way you look at your cell phone bill or HOA payment it makes more sense. You will always have a payment but in return you will always be driving a fairly new car, under bumper to bumper warranty, free car washes and roadside assistance included and with some manufacturers like BMW even the basic maintenance is included. I would have loved to lease my 2018 z06 if the lease programs on it were good but they weren't so I had no choice but to buy it.

Also keep in mind if you buy a car, keep it for 3 years and put 36k miles on it and then sell or trade it in you lost way more in depreciation than you would have lost in monthly payments. Youll lose even more if the car was in an accident and now has a bad carfax. Also in florida GAP is included in a lease so even if you didnt put much money down all you do is pay your $500 deductible if the car is totaled or stolen and came back in and get a new car. Hope this helps.