corvette95

I can find little or no information on leasing a new (2019) Corvette. Anyone know GM lease formula?

TBIRD57

i'm curious too, but i doubt it on a ZR! or the C8 ME.
i'm sure they will offer them on the load of the other C7's to move them.
and seeing heavy discounted sale prices .

corvette95

Thanks! I have never leased anything, but price is now such an issue!!

Zeake

Leasing is ALWAYS a bad idea and not cost effective. If you can't lay out the cash for a ZR1 you should not buy one. Delayed gratification is a key to wealthy people. They know when to hold out. I would love a ZR1 and I could make the payments. . . I refuse to be a slave to payments. I'll buy a ZR1 one day but not anytime soon.

OutlawMotorsports

You can do it, but the residual is well below 50% and the money factor comes out to over 6% so it's more expensive than financing for 72 months.

MusicalCars

Statements like this are so wrong. Leasing works for a lot of people.

Zeake

Sure when you are fake rich and a slave to the bank.

bd377103

Congrats on the most ignorant post of the day. Do some research on residuals and manufacturers that subsidized their lease programs, you couldn't be more wrong. I am not saying it applies to Chevy and corvette but to say it's ALWAYS a bad idea is just plain wrong.

Jackie Chan

Your statements are just ignorant on the topic of leasing

Zeake

Leaguer1leafs

In Canada leasing can be a very viable option...especially for people, that own small businesses or are independent contractors, realtors etc...your full lease payment is deductible come tax time vs a set amount (yearly depreciation for an asset) for a purchase. Interest rates, terms and residuals (for lease) are all factors.

MusicalCars

no

Jackie Chan

I guess leasing is a bad idea seeing as the last 3 I did, I came out a total of 12k ahead of where I would have been had I purchased and then traded at the same rate.

vetdude

NinjamanZ51

Leasing works for some and not so well for others. Perhaps the best piece of advice is to carefully review your options. Call one of the forum dealers and hear what they have to offer.

Best of luck to you!

trevor90

stupid comment. if you can afford to get the zr1, you would've gotten it already if you wanted it. end of conversation.

OutlawMotorsports

Update, effective 6/1/18 there IS a national lease program but it is currently only offered on the 2018 corvette and excludes Z06.


Good news though, is it's actually a pretty attractive program.

L5-CCNA

Details on this?

DaveFerrari458

Typical ignorant comments from some of the old timers here! Almost everyone I know leases their cars and these people are either very well educated or very well established in life and have absolutely no financial issues and can afford to buy almost any car all cash if they wanted to!

Gadfly

Found the guy that has no idea what he is talking about.

Leases have a lot of uses other than just lowering payments, for example a good number of leases translate into very large tax dedications.

Also paying cash for a car is never a good idea.

The capital you expend on a car, which does nothing but depreciate, does not help you. If you can keep that capital earning returns at a higher rate than the interest on your loan, you should finance the car and keep your capital working for you.