Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Chevrolet Corvette Lease Questions

kyfdxkyfdx Posts: 29,146
Ask your Chevy Corvette lease questions here!

MODERATOR
Prices Paid, Lease Questions, SUVs

«1

Comments

  • kjwbmwm5kjwbmwm5 Posts: 17
    I would like to get the figures for March for both Coupe and Convertible for 36 and 48 months with 12,000 miles. I do not know if automatic or manual makes a difference but am looking at an automatic.

    Still looking at 911s as well but since the car has not come in and I have driven the Corvette now - it is tempting so I am keeping an open mind and wallet. Thanks, kjw
  • topspin628topspin628 Posts: 373
    If I lease a vert at 62K msrp with a 4K discount, 0 down, 15k miles per year, tax in payment (8.25) 36 mos. what would I be looking at as a monthly payment?

    Thank you
  • ajpbf7ajpbf7 Posts: 67
    carman, do you have the MF and residuals for a 36 month lease, 10K per year on a base Corvette w/manual transmission. Or any special leases? Thanks
  • I am leasing my 05 Corvette vert. from GMAC, but have decided to get rid of it before the lease is done. I have found a buyer with an offer significantly higher than my payoff. How do I go about selling the vehicle to this buyer, and paying off my lease. Should I try to pay off the vehicle myself, so that I can instantly transfer it to the new buyer. I can't imagine he would want to pay me, wait for me to pay of the lease, and then transfer the vehicle to him. Please help me.
  • Does anyone know if I can get a Museum Delivery on a leased vehicle? The reason for the question is that I plan to buy the residual out when the lease is over. Right now, I just want the lower payments.
  • 23109vc23109vc Posts: 218
    how much on average are you spending per month on a leased C6 Z51?
  • Well for me it's not the monhtly. Depending on how long you lease, and you add the residual you will see which way is the best. My calculations is that I save about 2K by leasing. The monthly is about $700 ($62K convertible with almost all the options) This is just based on my calculations. I haven't really been shopping because I have some other issues with my daily driver right now.
  • addiaddi Posts: 33
    Has anyone leased a C6 Coupe recently? I am wondering what
    the MF/Residual would be for this car.

    I am looking at MSRP of $53,185 and invoice of $47,155.

    Thanks for any information.

    Addi.
  • anyone have figures for 2008 corvette convertible lease. 3yrs/36k miles. what is the residual and money factor? how about for zo6 as well?
  • :confuse: Is there anybody monitoring this forum? How is it that there is NO answers to anyone's questions? Where is the host kyfdx and what happened to car_man?
  • I'M IN S. FL. ANY LEASE DEALS ON '09 AUTO CPE LOADED???...
  • I am getting an offer on a 1LT with AT, MSRP 46,993, plus GM employee price rebate of 5500, Tax, documentation fees etc. TOTAL: 44561. Residual : 26076, MF=0.0018. 36mo, 12k, Monthly payments= 584, with 2000 down. What do u guys think...... Carman, any input on this pleeeeeease.
  • Hi mas6002mi. If you are able to purchase the Corvette that you are interested in through General Motors employee purchase program then you are definitely getting a good deal.

    The money factor that you were quoted looks great as well, especially for a vehicle that doesn't have any lease support available on it. This lease can't be through GMAC...er um Ally (since they're trying to trick us with the name change).

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • edamonedamon Posts: 18
    Anyone know what the best money factor/residual value is on a 2011 Corvette coupe? 36/mo, 10K or 12K miles a year.

    US Bank is usually healthy, and apparently Ally's has has incentives.

    Look forward to any information.

    thanks,
    damon
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Damon. Through July 5th, Ally's base lease rate and residual value for a 36 month lease of a 2011 Corvette Coupe with 12,000 miles per year are 2.15% and 51%, respectively. The residual value for a lease with only 10,000 miles per year would be 1% higher.

    General Motors is currently providing a $500 cash incentive on leases of this car through Ally.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • rey7rey7 Posts: 2
    I just got quoted 54% residual on 36mo/30k for a 2011 1LT Coupe. But, dealer is saying the rate is 5.4%, or 0.0023. I called Ally and they said they don't control the rates or residuals - they only buy the contracts from the dealers for approved customers.

    Does anyone know what I can do to negotiate this rate? Seems kind of high for a new car... even if it's a lease! :confuse:
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey rey7. The dealer must be running your lease through a bank other than Ally. If he's really using Ally, its base lease rate for the 2011 Chevrolet Corvette in July is only 1.30%. It sure sounds to me as though the dealer that you are working with is attempting to mark up Ally's base lease rate to add additional, hidden back-end profit to your deal. This sort of thing is common amongst luxury dealers, like BMW, but less so with domestics. Perhaps the dealer is attempting the mark-up because you are interested in an expensive sports car like the Corvette. I would try negotiating further with this dealer, or trying to find a different dealer that is willing to lease you a Vette using the base rate.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Should i lease or buy a 12 or an 11
    I have loyalty money pus 1000$ in gm card oney. Is it beter to do an 11 or 12
    I also am thinking about buying an utilizing the rate.
    What can i expect them to discoint the car?
    Can i get tem to invoice on a 11 or 12.
    Pkease help me
    I want to lease for 36 mths and want 15k miles too
  • Hi hairysoda. If you really want to lease, you're going to have to go with a 2012 model because General Motors has pulled the plug on its lease support on 2011s.

    I am not personally all that familiar with what the market is like for the Corvette right now, but you might as well try for $500 to $1,000 over invoice and see what happens.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Believe it or not I just purchased a brand new 2011 GS Coupe (MSRP of $66380) for $54000 plus tax, title and documentation fees. I have purchased or have been directly responsible for the purchase of 11 vehicles from this dealership in a little over two years. I negotiate all deals directly with the general manager then he turns it over to the sales rep of my choice for paper work and delivery. You may not secure quite the deal I can, but they are very flexible. To the best of my knowledge Coughlin Automotive in Pataskala, Ohio is the largest Corvette dealer in the state.
  • Looking for MF & residual value for base corvette with 15k for 24 and 36 or 39 months.

    Thanks!
  • Hi kar_freak. Ally's November base lease rate and residual value for a 24-month lease of a 2012 Chevrolet Corvette Coupe with 15,000 miles per year are 4.4% and 55%, respectively. The numbers for an otherwise identical 36-month lease are 3.95% and 49%.

    General Motors is currently providing a $1,600 cash incentive on 24-month and a $1,350 cash incentive on 36-month leases of this car through Ally.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • bolivarbolivar Posts: 2,316
    edited November 2011
    Another way to possibly go? Someone on another forum talked about a '0% for 60 months' on buying a 2011 ZR1 Corvette. And, he was getting a significant discount from MSRP.

    $55,000 (which should get a nicely equiped coupe????) for 60 months is about $916 a month. Is a lease more or less? I don't do leases, so have no idea.
  • You're right bolivar. General Motors is indeed providing 0% financing for 60 months on the 2011 Corvette. It's hard to go wrong with that.

    If you provide me with the MSRP and dealer invoice price (both of which are available here at Edmunds.com) of the exact car that you're interested in I would be happy to work up a lease payment on it for you.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • bolivarbolivar Posts: 2,316
    I've got as much Corvette as I need now. I was commenting on your comment to kar_krazy (or something like that) about some lease numbers. For 0% for 60 months and you then totally own a Corvette, I was just wondering what a 3 year lease on a $55,000 coupe would be.
  • Ahhhh I see, bolivar. 0% for 5 years is a great deal. That's probably the way that I would go if I was in the market for a Vette today, though even at 0% the five year payment is still a whopping $917 before tax.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • fastdaddyofastdaddyo Posts: 1
    edited February 2012
    i leased a 07 corvette coupe for 5 years, and when it came time to end lease (D&M leasing Dallas) i got nothing in return. the lease agent was cold and indiferent. i was under the impresion that i would able to move up in class of corvette and payments would about the same. BBBBB.SSSSSS. i was not informed that i could turn in the vette at any local chevy dealership, which i did. they worked with me, payed off the balance (which the lease company doesn't tell you about at lease end). they pay off the balance of the lease and yu get nothin as far as a trade in. the book value of the car doesn't matter toward a new lease. yu start from scratch every lease. the dealer worked with the lease bank got the finance straight, took $7000.00 off my new 2012 gs vette and away we went. the lease company rate was 6.5% and chevy offered me 2.5% on 72 mo. save a lot money. i got the better car and have something to trade when i am ready. leasing was good years back but with the interest rates so low buying is the better option. just my opinon
  • kar_freakkar_freak Posts: 21
    Car_Man,
    Please provide MF and residuals for 2012 Corvette Grand Sport with 10k miles and 36/24 months.
    Thanks
  • kar_freakkar_freak Posts: 21
    Car_man,

    You there?? Can you please provide MF and resuduals for Corvette 1LT? I believe Ally is offering support for 39 months? Looking at 10k miles.

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited June 2012
    I am kar_freak. Here you go.

    Ally's current base lease rate and residual value for a 36-month lease of a 2012 Chevrolet Corvette Coupe 1LT with 10,000 miles per year are 2.4% and 52%, respectively.

    The numbers for a 39-month lease would be 2.4% and 50%.

    As you can see, Ally published lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
«1
Sign In or Register to comment.