[Never_Enough]

Itchy trigger finger on buying a new toy made me reach out to get lease quotes on a ZL1 since we know the Hellcat can be leased for $500 a month.

The attached is what I got. The other dealers couldn't/wouldn't quote because they either had none on the lot or no allocation. Keep in mind, I only contacted the biggest volume Chevy dealers.

Needless to say, if I go ZL1, it'll be buying used not leasing.

[Red Bread]

Those rates are awful. You could buy it on a 60mo term for $1100/mo with just the tt&l down.

[TSM330i]

You can also get a used Hellcat for $45K.
https://www.cars.com/vehicledetail/d...t&CMP=atempest
https://www.cars.com/vehicledetail/d...t&CMP=atempest

I also did a search on used ZL1's. They can be had for low to mid-$50s.
https://www.cars.com/vehicledetail/d...mp2&CMP=stemp2
https://www.cars.com/vehicledetail/d...t&CMP=atempest

[Never_Enough]

Another dealer said $1,900 a month LMFAO!!!!

[URBAN LEGEND]

You’ll be at around 900.00 with the 3/36/15k. These guys don’t lease. Mine was with US Bank. This was back in 13 on a ZL1.

[hellrotm]

Residual and money factor on ZL1 are awful(36/12: .00179 MF and 53% residual). You are much better off purchasing it, considering you can find a nice discount off msrp.

[FC4]

Leases on Camaros and Corvettes are shit...but you should send the same inquiry to a Dodge dealer and see if you can lease a Hellcat for "$500 a month" under the same terms.

[Never_Enough]

Originally Posted by FC4

Leases on Camaros and Corvettes are shit...but you should send the same inquiry to a Dodge dealer and see if you can lease a Hellcat for "$500 a month" under the same terms.

Already know that some Dodge dealers do it. Vette leases are actually not bad at some dealers.

I'm not buying yet so I'll hold off.

[LOW4LYF]

Originally Posted by FC4

Leases on Camaros and Corvettes are shit...but you should send the same inquiry to a Dodge dealer and see if you can lease a Hellcat for "$500 a month" under the same terms.

Really? 500$ for a Hellcat???

[UPSROD]

If it is a lease, you are NOT buying it you are renting it!

[irishbimmer]

I'd pay 500 a month for a hellcat or a camaro; helluva a car for a teenager at that rate.

[Mr Carrots]

Wow, that's hilariously bad. I'll likely be selling mine for a used Zl1 next year, hopefully the prices will be reasonable by then.

[Bongoxxx]

Why is everyone surprised by this?

Lease payments are largely determenined by residual values. It’s a well known fact that GM vehicles, along with most of the NA manufacturers, have terrible residuals.

[Red Bread]

Originally Posted by Bongoxxx

Why is everyone surprised by this?

Lease payments are largely determenined by residual values. It's a well known fact that GM vehicles, along with most of the NA manufacturers, have terrible residuals.

Because we're used to the manufacturer subsidizing things. Our current '16 328i leased with a 56% residual but looks like it will likely end up at an honest 33%. So BMW will eat about $14k. Many people expect similar deals from other companies, but it's mostly the Germans that take on that loss to move volume.

[Mr Carrots]

Originally Posted by Red Bread

Because we're used to the manufacturer subsidizing things. Our current '16 328i leased with a 56% residual but looks like it will likely end up at an honest 33%. So BMW will eat about $14k. Many people expect similar deals from other companies, but it's mostly the Germans that take on that loss to move volume.

Also they can resell those leases as CPO above market value, not sure how the CPO market is for ZL1s?

[R N M]

Where can I get a Hellcat for $500?
Would love to get a Widebody Challenger just for the looks and sound!

[Z4M_Coupe]

Originally Posted by R N M

Where can I get a Hellcat for $500?
Would love to get a Widebody Challenger just for the looks and sound!

It's more like $590 a month haha with about 2k down. I have friends that own and sell them. I can get you contact info if you'd like.. but we're in LA.

[jmg]

Originally Posted by UPSROD

If it is a lease, you are NOT buying it you are renting it!

Doesn't matter. You're still driving it and effectively paying the depreciation in both leases and purchases.
Selling Price - Depreciation = Residual Value no matter what. In the simplest of terms, you buy a car, it depreciates, you sell it for it's residual value. The net cost is still depreciation. The same thing goes for a lease, you lease it, your payment is largely dependent on the depreciation.

If the lease depreciation outperforms real world depreciation, then the lease is the smarter option if you want to get a new car every 3 years.

[Alfisti]

$500 month?? I call bullshit of the highest order, not doubting the OP but his sources.

[Never_Enough]

Originally Posted by Alfisti

$500 month?? I call bullshit of the highest order, not doubting the OP but his sources.

Go check the Hellcat forum then.

[DS_BMW]

Im getting 1200 a month quotes for 15k.

[Never_Enough]

Originally Posted by DS_BMW

Im getting 1200 a month quotes for 15k.

GM Never learns. So if I go ZL1, I'll buy used.