C8 lease?
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Racer
Joined: Jun 2020
Posts: 389
Likes: 103
C8 lease?
Anyone get any details on c8 lease? All my normal sources don’t have the numbers. I’m talking residual and money factor. I’m sure w way c8 is selling the numbers are atrocious. I rarely buy cars and always lease but I would love to know if anyone has inquired who received their c8
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Thread Starter
Racer
Joined: Jun 2020
Posts: 389
Likes: 103
Thread Starter
Racer
Joined: Jun 2020
Posts: 389
Likes: 103
Racer
Joined: Apr 2010
Posts: 466
Likes: 69
From: tampa,florida
i just did a lease with ally auto. You should not put down a high down payment ,but i did i put down 13500.00 dollars for four years with 10000 miles a year .my payments are $565.62 dollars a month for four years. PRICE ON THE C8 WAS $62640.00
Last edited by badboy01; Jul 18, 2020 at 06:28 AM.
Race Director
Joined: Nov 2012
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Hmmm. That's actually not that bad.
Thread Starter
Racer
Joined: Jun 2020
Posts: 389
Likes: 103
it’s awful. First rule of leasing is never ever ever ever put money down. Never ever ever. If the car is stolen or totaled that down payment is gone and you have no car. Second, you are leasing car out of warranty doing 4 years. Spending 40k for a 60 k msrp car over 4 years. 5 year ownership depreciation wise would have produced better numbers. This car does not lease well based on mf. Financial it’s the worse decision w this car. But of course financial decision isn’t always the only decision that needs to be made
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Racer
Joined: Apr 2010
Posts: 466
Likes: 69
From: tampa,florida
it’s awful. First rule of leasing is never ever ever ever put money down. Never ever ever. If the car is stolen or totaled that down payment is gone and you have no car. Second, you are leasing car out of warranty doing 4 years. Spending 40k for a 60 k msrp car over 4 years. 5 year ownership depreciation wise would have produced better numbers. This car does not lease well based on mf. Financial it’s the worse decision w this car. But of course financial decision isn’t always the only decision that needs to be made
i have money i don't care
Race Director
Joined: Nov 2012
Posts: 11,048
Likes: 3,390
it’s awful. First rule of leasing is never ever ever ever put money down. Never ever ever. If the car is stolen or totaled that down payment is gone and you have no car. Second, you are leasing car out of warranty doing 4 years. Spending 40k for a 60 k msrp car over 4 years. 5 year ownership depreciation wise would have produced better numbers. This car does not lease well based on mf. Financial it’s the worse decision w this car. But of course financial decision isn’t always the only decision that needs to be made
How you work your DP into your monthly is another story.
You could try to get a c8 with ZERO down, but then your monthly will be 1200+. Same thing. The issue is how people feel about putting money down on a lease.
I leased several cars in my day. I'm sure you did too. Biggest DP i put on a lease was 4k. Smallest amount i did was 750 bucks.
At the end of the day these cars are a terrible investment no matter how you slice it. A car like the C8, as desired, and wanted and needed as it is, will be fetched by someone no matter what. I mean people go from one car, finance it, or buy it outright, then 3 years later go to the same exact car of a newer year, doesn't make sense to me either. But lots of C7Z guys did it.
Racer
Joined: Apr 2010
Posts: 466
Likes: 69
From: tampa,florida
sir they where better numbers that gm. IT ALSO DEPENDS ON HOW MUCH THE PRICE OF YOUR CAR IS. I HAVE LEASE MOST OF MY CARS AND NEVER PUT DOWN ANY MONEY ,BUT FOR THE C8 I PUT DOWN MONEY TO LOWER MY PAYMENTS,ALSO MY HEALTH IS NOT VERY GOOD. SO THIS WILL BE MY LAST CAR.
Last edited by badboy01; Jul 18, 2020 at 07:40 AM.
Burning Brakes
Joined: Mar 2014
Posts: 877
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Everyone's situation in life is different... But in general, spending 40k in a 4 year lease Is a larger net "loss" than if you bought the car and sold it 4 years later for approximately 36k... Which is only a ~27k loss.
Drifting
Joined: Jun 2020
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From: San Jose
Best wishes on your health and couldn’t have asked for a better last ride. Enjoy!
Drifting
Joined: Mar 2018
Posts: 1,498
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From: San Francisco Ca
Auto Lease Calculator
Monthly Lease Payment: $567.01
Monthly Depreciation $315.42 Monthly Interest $214.50 Monthly Tax $37.09 Money Factor Equivalent APR 6.19% Upfront Payment $13,500.00 Total 48 Lease Payments $27,216.58 Total Cost to Own After Lease Ends $77,096.58
Melting Slicks
Joined: Jun 2004
Posts: 2,648
Likes: 2,933
From: NW Indiana
St. Jude Donor '05 thru '24
You still should never put that much money down. You paid for a lower payment. Keep the $13,500 and draw from that to make your payment then. If your car gets totaled or stolen anytime soon, bye bye $13,500.
Last edited by golddog; Jul 18, 2020 at 01:18 PM.
Drifting
Joined: Mar 2018
Posts: 1,498
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From: San Francisco Ca
lease -> as little as possible
buy -> as much as possible
Melting Slicks
Joined: Jun 2013
Posts: 2,598
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Finance is a tool.... tools are neither good or bad, just appropriate or inappropriate to the job requirements...
Gees, "a Saw is better than a Hammer". no, I think a "a drill-driver is better than a belt sander" .....
Please....
Gees, "a Saw is better than a Hammer". no, I think a "a drill-driver is better than a belt sander" .....
Please....
Le Mans Master
Joined: Sep 2004
Posts: 7,978
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From: North/Central NJ - a.k.a. Gotti in the CFNE section
St. Jude Donor '05
If you throw the $13,500 / 48 months (4 yr lease) = $281 more a month. So if he did sign and drive, his payment is $849 roughly for a $62K car.
Last edited by Z0Sick6; Jul 18, 2020 at 02:35 PM.
