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Corvette
C7 Forum
C7 value when paid for ?
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<blockquote data-quote="ojamali" data-source="post: 69626" data-attributes="member: 2023"><p>Leasing would be a great option if the interest rates were better. GM Financial leasing rates for Corvettes is 7.99%. Although through Dealer the finance rate is a bit better at 4.99% most people are better off borrowing money from other source at 3-4% except that usually that rate is not fixed for a long term like 7 yrs and is a secured loan against a property.</p><p></p><p>Now if you put $30000 down and then lease for 3 years, even with a 7.99% interest rate your monthly payments would come to about $750 (inc 13% Ontario taxes) on a well equipped 2015 C7 2LT Z51 with an MSRP of $ 70000. Over 3 years it would end up costing you around $ 57000 inc 13% Ont taxes for a vehicle that would otherwise cost you over $ 80000 inc 13% ont taxes. And you will have the option at that time to decide if you want to own it for around $35000 + taxes.</p><p></p><p>For the provinces with lower taxes it works out to being way better!</p></blockquote><p></p>
[QUOTE="ojamali, post: 69626, member: 2023"] Leasing would be a great option if the interest rates were better. GM Financial leasing rates for Corvettes is 7.99%. Although through Dealer the finance rate is a bit better at 4.99% most people are better off borrowing money from other source at 3-4% except that usually that rate is not fixed for a long term like 7 yrs and is a secured loan against a property. Now if you put $30000 down and then lease for 3 years, even with a 7.99% interest rate your monthly payments would come to about $750 (inc 13% Ontario taxes) on a well equipped 2015 C7 2LT Z51 with an MSRP of $ 70000. Over 3 years it would end up costing you around $ 57000 inc 13% Ont taxes for a vehicle that would otherwise cost you over $ 80000 inc 13% ont taxes. And you will have the option at that time to decide if you want to own it for around $35000 + taxes. For the provinces with lower taxes it works out to being way better! [/QUOTE]
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Corvette
C7 Forum
C7 value when paid for ?
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