Unbelievable Lease offers on 2015 C7's

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ojamali

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Mar 29, 2014
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CORVETTE C7
Hello Forum Mates!

GM Canada released some new programs for the month of April and one of the programs that got overlooked by many is the new 24 months/40000KM lease offer on 2015 Corvettes!

I ran some rough numbers on the 3LT Z51 Convertible we have in stock and with no money down the biweekly lease payment comes to around $1075 including 13% HST.

$ 5000 Down -- approx. $975 BW
$10000 Down -- approx. $875 BW
$15000 Down -- approx. $775 BW
$20000 Down -- approx. $675 BW

For detailed specs on this C7 please head to the For Sale thread here:

http://www.canadiancorvetteforums.c...7-sale-2015-corvette-convertible-3lt-z51.html

Keep in mind that you can only lease brand new Canadian C7's from a Corvette dealer to take advantage of the guaranteed end lease value and residuals from GM Financial.

US imports are not eligible to be leased and also they do not have a GM Canada warranty for the first 12000KM or 6 months (whichever comes later).

Call, TXT or PM me anytime for more info or if you have any questions.

Happy Easter from all of us at Gateway Chev!
 
$1075 x 52 = $55900 2yr lease :eek:
That's unbelievable alright!
 
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55900 + 5000 = 60900 For 1 YEAR

Does the car come with winter tires as in Manitoba you can only drive it for about
6 months out of a year so there for you are actually paying 55900 + 5000 = 60900 for a 1 year....Try Budget or Avis could be cheaper......Now in Ontario say you can't drive the car for 4 months out of the year (total of 8 months in the 2 year lease) paying 17200 to have the car sit in the garage...
 
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Buying this vehicle for cash would cost over $102000. If you finance it it would be around $110000.

Up until last month the same lease would cost you approx $60000 so its a substantial residual increase.

A 2 yr leave would be perfect for someone who doesn't really want to drop that much cash on a vehicle purchase or prefers to invest their cash elsewhere. Would also be a great option if you don't want to go thru the whole drama of placing factory orders and may be get your C7.

Not everyone likes to own their vehicle for 10+ yrs. Some like to upgrade them every year or every 2 yrs.

I'll look up the actual residual later today and get back on that.

Thanks for the comments.

Happy Easter!
 
Here we have it folks! An unsold beauty 2015.
How is this even possible when 6 months ago you would have to pay someone over MSRP to get your hands on one?

So already flooring the C7. And a vert to boot!! Did not think that would happen in 2015.....

Other dealers surely to follow soon as buyer backlog diminishing.

I predict you will by christmas be able to buy dealer stock in Canada without insane waits. As buyer focus shifts to the z06 variants.
That would be great news for buyers.

Put me down for the 2 year wait for the C8. Already dreading that....
 
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@carbuff: at Gateway we didn't charge anyone over MSRP for any C7, factory order or not. We also allowed all eligible discounts/credits.

From the looks of it I think the backlog will continue in 2016 and maybe things will ease off for 2017's. We will be opening our 2016's order book in the coming weeks. I am confident that my first batch of 2016 C7 allocations will be sold within a couple of weeks.
 
@sneakytoot: From factory the vehicles only come with one set of wheels. The Michelin Sport Cup runflats.

Please PM if you are considering this purchase/lease and I can get some prices from my Parts/Service tomorrow for a second set of Winter tires.

FYI as far as I know Hertz/Budget/Avis don't rent any Z51's on their rental fleet and they are usually all Coupe 1Lt or 2Lt. A 6 month straight rental would cost around $50000 but it may allow a higher mileage allowance.
 
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Hi Mike!

That's what I meant. assuming a US $250/day rental a 6 month rental (180 days) would come to US$ 45000 + taxes. Over C$50000 + taxes. And don't forget these rentals are not Z51's and usually 1LT and 2LT Coupes.

The only upside is that on rental they would give you around 300KM/day allowance which comes to around 54000KM over 6 months. that's almost 3 times as much mileage allowance as the 20000KM/yr lease.

So for a brand new 2015 Z51 3LT Conv (a vehicle that is about $15000 more) lease @ $1075 B/W inc taxes equates to around $ 77/day inc taxes.

Renting a used C7 doesn't even come close!

smackYYZ said:
@ojamali hertz has 75 for rent in select cities it the US, they go for us$250 day
Click to expand...
 
ojamali said:
@carbuff: at Gateway we didn't charge anyone over MSRP for any C7, factory order or not. We also allowed all eligible discounts/credits.

From the looks of it I think the backlog will continue in 2016 and maybe things will ease off for 2017's. We will be opening our 2016's order book in the coming weeks. I am confident that my first batch of 2016 C7 allocations will be sold within a couple of weeks.
Click to expand...

Hi Ojamali,
I was speaking in general terms.
Many reports of dealers selling over MSRP.
I know your dealership is outstanding as you honor discounts many others do not on the C7. Hope that clarifies it.
Cheers!
 
Hi 567Chevy,

The vehicle is listed at $ 91844 + taxes. Since its a retail unit no price protection is applicable.

With the new price increase effective April 1st it would cost $103800 including 13% HST in Ontario.

The specs are as follows:

2015 Corvette Stingray Convertible
  • 3LT with Z51 (with PDR & Nav)
  • Manual Transmission
  • Black on Black with Black Top (GT Bucket Seats)
  • Magnetic Ride Control
  • Chrome Wheels
  • Red Calipers
  • Battery Maintainence Kit
  • Carbon Fibre Instrument Panel


567Chevy said:
A Corvette Stingray with z51 costs 102 grand?
Click to expand...
 
ojamali said:
@carbuff: at Gateway we didn't charge anyone over MSRP for any C7, factory order or not. We also allowed all eligible discounts/credits.

From the looks of it I think the backlog will continue in 2016 and maybe things will ease off for 2017's. We will be opening our 2016's order book in the coming weeks. I am confident that my first batch of 2016 C7 allocations will be sold within a couple of weeks.
Click to expand...
Is it true that if you don't have an allocation number for a 2015 order you have placed you won't be getting one?
 
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Hi tinman3.

Welcome to the forum!

A dealer can submit as many order as they like to GM however not all orders will be fulfilled.

Only factory orders that have an allocation attached will get approved for production.

Having an allocation is key to getting your factory order C7 built.

Your best bet is to go with a dealer that has some history or corvette sales.

At Gateway we don't have any more allocations for 2015 C7's. By the end of April/early May we will start accepting factory orders for 2016.

Best of luck!
 
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