Lease?
Thread Starter
Racer
Joined: Apr 2015
Posts: 429
Likes: 44
From: Las Vegas Nevada
Lease?
Hi everyone,
I live in South America but am moving back to USA
, I have a Z06/Z07 Convertible on order, however, I was going to buy it cash as I was thinking of shipping it to South America, but now that I am moving back to USA I am wondering if leasing would be a better option if it exists at all.
Does anyone here lease or know of anyone that has leased a Z??
Thanks for your time.
I live in South America but am moving back to USA
, I have a Z06/Z07 Convertible on order, however, I was going to buy it cash as I was thinking of shipping it to South America, but now that I am moving back to USA I am wondering if leasing would be a better option if it exists at all.Does anyone here lease or know of anyone that has leased a Z??
Thanks for your time.
Burning Brakes
Joined: Feb 2007
Posts: 929
Likes: 89
From: Bend Oregon
Lease?
Hi everyone,
I live in South America but am moving back to USA, I have a Z06/Z07 Convertible on order, however, I was going to buy it cash as I was thinking of shipping it to South America, but now that I am moving back to USA I am wondering if leasing would be a better option if it exists at all.
Does anyone here lease or know of anyone that has leased a Z??
Thanks for your time.
I live in South America but am moving back to USA
, I have a Z06/Z07 Convertible on order, however, I was going to buy it cash as I was thinking of shipping it to South America, but now that I am moving back to USA I am wondering if leasing would be a better option if it exists at all.Does anyone here lease or know of anyone that has leased a Z??
Thanks for your time.
Melting Slicks
Joined: Oct 2010
Posts: 2,162
Likes: 338
From: Fair Oaks, California
2017 C7 of the Year Finalist
I would lease if I could of got one with terms ( as in a good rate). you negotiate the price as you do with a sale. I see it as buying a $100 dollar T-shirt. You put $14 down pay $1 month for 36 months. Then you decide if you like the shirt you pay or finance the balance $50.00 or return the shirt for a new one without the stains or wrinkles, or as i have in the past is to sell outright, I have sold some T-shirts to Carmax and had cash left over 
. Another benefit is you pay the tax as you go and not all up front
. Another benefit is you pay the tax as you go and not all up front
Burning Brakes
Joined: Jan 2013
Posts: 906
Likes: 62
From: Seattle WA
I would lease if I could of got one with terms ( as in a good rate). you negotiate the price as you do with a sale. I see it as buying a $100 dollar T-shirt. You put $14 down pay $1 month for 36 months. Then you decide if you like the shirt you pay or finance the balance $50.00 or return the shirt for a new one without the stains or wrinkles, or as i have in the past is to sell outright, I have sold some T-shirts to Carmax and had cash left over . Another benefit is you pay the tax as you go and not all up front
. Another benefit is you pay the tax as you go and not all up front
Burning Brakes
Joined: Aug 2014
Posts: 1,078
Likes: 226
From: San Diego
Leasing makes sense, particularly if you file a schedule C (business schedule) where you can deduct a portion of the lease payment, gas, tires etc
Racer
Joined: Oct 2004
Posts: 410
Likes: 24
From: Cleveland OH
I checked into leasing as an option and there are no lease programs being offered at this time. You could do it through GM Financial, but it will actually cost you more to lease the car than to purchase.
Burning Brakes
Joined: Jan 2013
Posts: 906
Likes: 62
From: Seattle WA
Race Director
Joined: Feb 2011
Posts: 14,741
Likes: 5,605
From: AZ
As was stated above, negotiate the lease separate from the car purchase, and know how to calculate the time value of money because the lessor will not give you the APR equivalent.
I rejected a good appearing lease because the true APR equivalent was much more than financing.
On another case I leased at a reasonable rate and at the end of the term I was able to buy the car )s stated in the lease) at $5K less than the average wholesale.
I sold that car after 13 years and 169K miles for the drive train Great car, good finance deal with a lease.
That said, I don't know of any good lease rates on the new Z06.
I rejected a good appearing lease because the true APR equivalent was much more than financing.
On another case I leased at a reasonable rate and at the end of the term I was able to buy the car )s stated in the lease) at $5K less than the average wholesale.
I sold that car after 13 years and 169K miles for the drive train Great car, good finance deal with a lease.
That said, I don't know of any good lease rates on the new Z06.
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
Le Mans Master
Joined: Nov 2004
Posts: 5,886
Likes: 371
From: Cape Coral FL
I have leased a few rides and it worked out great for me at the time. I checked into leasing the Z just to see what may be out there. I was told by two large dealers on this forum currently no leases on the Z06. With the low interest rates use the banks money to purchase. I have seen as low as 1.7% up to 72 months at my credit union. You may even find better rates. Good luck. My leased CTS V coupe is going back in 3 weeks, first time ever sending a ride back after a lease, I usually sell or trade out. I will order a 2016 Z next month unless a great deal pops up on a 15.
4th Gear
Joined: May 2015
Posts: 4
Likes: 1
Fortunately for Porsche, they have no need to incentivize their leases, which unfortunately for the consumer results in dismal money factors and poor residuals that make leasing not that attractive.
Racer
Joined: Nov 2014
Posts: 418
Likes: 34
From: Kissimmee Florida
St. Jude Donor '16
I checked into it also.There are no leases avail that I know about yet.
The reason was that since the car is so new no one has figured out a residual value.(cars too new and don't know what it will sell for used yet)So they can't fig out the cost.
Which is they use plus an interest rate to fig out lease payments.
The reason was that since the car is so new no one has figured out a residual value.(cars too new and don't know what it will sell for used yet)So they can't fig out the cost.
Which is they use plus an interest rate to fig out lease payments.