0Hendrick Chevrolet in Cary

In case this has not been reported, Ally will have a Super Ultra Low Mileage 2014 Chevrolet Corvette lease effective December 1, 2013.

Ally S and A tier SmartLease customers opting to drive 5,000 or 7,500 miles per year are eligible for additional residual increases!

That's great news for a lot of the Corvette owners that do not drive their cars much. Based on most trades we get, that will be a lot of people!

Now, we have to wait for all other details as of right now there are no lease programs showing when we pull up VIN incentives.

LIStingray

It might be really cool to get a 4yr 5,000 mi/yr lease.

Nyvetteguy007

Sounds interesting...

Awaiting more details....

toddrichards

any news on rate and residuals yet?

2yr/10k ????

St!ngray

Ready to sign up when available.
Thanks

HalfMoon

Considering that my 2004 got 14,800 miles in 3 years and my 2011 got 13,990 in 2.5 years I could be interested in a low mileage lease as well, if the numbers work out.

In for info.

snide

I'd use up the 5000 miles in the first couple of months.

HalfMoon

Then this is not the program for you.

I put about 35k on my daily driver every year so I understand if you don't have another car to abuse.

Nyvetteguy007

Anything???

LS6GXP

Bueller.......

0Hendrick Chevrolet in Cary

Still waiting on the incentivized lease. Here are the latest residuals:

CORVETTE STINGRAY (12 24 27 30 36 39 42 48 months @15k)

2dr Cpe 1LT 63 63 62 60 58 56 53 48
2dr Cpe 2LT 61 61 60 58 55 53 51 46
2dr Cpe 3LT 59 59 58 56 53 51 49 44
2dr Cpe Z51 1LT 65 65 64 62 60 57 55 49
2dr Cpe Z51 2LT 61 61 60 58 56 54 52 47
2dr Cpe Z51 3LT 60 60 59 57 54 52 50 46

Super Ultra Low Mileage options
48 Months +9pts (5k) +6pts (7.5k)
36-47 Months +8pts(5k) +5pts(7.5k)
24-35Months +7pts (5k) +4pts (7.5k)

Nyvetteguy007

Thanks for posting....it seems one can calculate what a potential lease cost would be per month based on this info and then factor in any incentive....I just don't know how to do it...

Anyone have any guidance?

punky

58%, 15,000 miles/ year, 36 month residual on a 1lt is pretty nice. Should be able to work a decent # from there with a few thousand off sticker.

Achmed

Based on the chart it looks like the best resale values as a percentage of purchase price are expected to be with 1lt rather than 2lt or 3lt as others have speculated here in the past.

0Hendrick Chevrolet in Cary

The new incentives will be released tomorrow. We are hoping to see some lease options. If not we would have to use a standard rate with ALLY, and what that is... I'll speak to one of our finance managers.

Daekwan06

Hmm.. color me interested.

What would the $0 down lease payment on a new 2LT Z51 NPP Black wheels carbon top Stingray run. Would be interested in 5000 or 7500 miles per year offers.

$$$frumnuttin'

You need the missing 3rd factor in the equation...the finance rate.

$$$frumnuttin'

Yes, which also translates to the least depreciation if you buy and trade in the following year or two later...a nice strategy for those who get a new vette often.

punky

You do.
You can calculate the lease payment etc with an online calculator if you know the following:

1) Selling price of the vehicle(capitalized cost).

2) Residual value from sticker for the term.

3) Interest rate(money factor as it is called in leasing).


Compare leases only as no money down, you can reduce the monthly payment with a down payment later in the evaluation process.

0Hendrick Chevrolet in Cary

Currently we would have to submit the deal to Ally to get the rate as there are no incentivized rates. We have not submitted any leases yet.

As the super low mileage leases start tomorrow we think Ally/GM may give us some idea. Otherwise it will be on a case-by-case basis.