I placed an order for a Cobalt SS supercharged, black with red leather and sunroof today.

$27,125.

I was told production should start Nov 15th, and that the car should arrive in January. Its going to be a looonngggg few months.

 

Crap.. wrong section. Mods, please fix

 

There you go

 

Which dealer did u order through?

 

GSL. They told me I was the first to order through them as well.

 

I am going to go through Southgate I think,
What color combos did you get? Did you order the side air bags and OnStar?
Did they give you any finance info?

 

Congrats!!!

I'm still waiting to hear something solid from my dealership on the delivery date.

 

Thanks!

I went black with red interior. Did not get side bags or onstar, and financing information is not available... which scares me.

 

I was given an unsure "quote" of 1.25% lease rate, but she was afraid to go definate. That is the same rate as the Monte Carlo SS.

I am going black w black if I can wait until Jan to get one.

 

NOOOOOOOO!!!!

dont lease please

 

:roll: Ummm... alot of times leasing is smarter than buying. Just depends on how each option prices out.

 

no IMHO leasing isnt any better because you pay for the car but in the end have nothing to show for it. id much rather buy my car and own it then have to give it back after putting all the money into it.

 

Dude, I have to agree with RedCavy. You don't lease a car like this.

You're gonna want to do some aftermarket mods.

Plus, a lease will limit the number of miles you can put on it and they'll rape you if you go over. Then, if you wanna keep the car when the lease is up they'll require a HUGE balloon payment. That's why the payments are a little lower on a lease. They'll get there money back in charging you for extra mileage or the balloon payment. It's worth it to pay a bit more a month and actually OWN the car when it's all said and done.

IMHO, leasing a car is a lose-lose situation.

 

Ordered a black/black one tonight. No word on price yet, but the dealership owes me one.
Should be here in January.

 

On the whole leasing vs. buying.

Leasing you don't "end up with nothing". You have a buyout. You can pay this sum, and the car is yours, or you can turn it back with no hassle.

It isn't uncommon to have a buyout that is lower than market value, so you can buy the car and flip it and get a bit of cash out of the deal, or buy the car and keep it and save off the purchase price of an identicle used vehicle. The payments you were making so far went to reduce the value of the car to the buyout.

What you need to do is examine Lease terms vs purchase terms, and you need to know roughly how long you want to keep the car. If you want to flip it in a year, don't lease. Otherwise, calculate the lease payments, and the purchase payments. If you are given a lease rate of 0% compared to a purchase rate of say 5% your lease payments combined with your buyout will add up to less than the sum of your purchase payments. This means you own the car, but paid less than the guy thought bought it outright. If this equatoin favours buying, then you need to decide how much value you place on the hassle of selling the car. Is a $1000 difference worth it to go through the hassle of getting rid of the thing yourself?

Also, you have to keep in mind that if you are loyal to a manufacturer, you can jump out of your lease early to move on to something new. This means if you are going to go over mileage, you just get a different car from the same manufacturer before your lease is up, and you hit your limit. Or, often if they are going to get your business back and you ask them to ignore the milage penalties they will.

I'm not saying one is better than the other, because it totally depends on the situation of the buyer and how the numbers play out. Saying "Leasing is dumb" with no backup is retarded though.

Congrats Turbostang! (no matter how you are going to pay for it )

 

I forgot to address this point. 90% of the time you get more money by parting out your mods than selling a modded car, so you part it out before return. More of a hassle though, and with very heavy engine work its not an option. Definately something to consider.

 

90% of the use will be for work, so a lease is much easier to write off than a purchase. Plus I don't like things that hang around too long, so I will get rid of it after a few years.

 

I leased my last 2001 Xtreme. It was super cheap even with 18k miles a year. I was just about perfect on miles. You can get more car than you can afford to buy and you always have a warrenty.

If you going to have to do like 60 or 72 months on a loan I would just lease for the same monthly payment. At least with a lease it's harder to get in a negative equity situation (I guess you could go way over in miles).

I will probably do a 36 month or 48 month loan on my cobalt.

 

B-spot is exactly right. Here is some more info I posted about leasing that supports what he says:

http://co59.com/modules.php?name=For...0245b95c2d4f86

Some of you might not believe me, or may have felt ripped off by a lease in the past.

I have worked the last two years selling cars at a GM store. I would deal daily with people who were so buried in their 60 month purchases that they would have to wait until the vehicle was almost paid off before we could even try to look at them trading in. If purchase rates aren't low, and depreciation is high, you can get into a very bad negative equity situation purchasing.

However, GM has been offering low rates on new cars, and the Cobalt will hopefully maintain a much better resale value then average GM vehicles. I am not saying that leasing is better. I will look at the conditions for both leasing and purchasing when I get my next car, and make the decision based on those conditions, not any pre-disposition that I have for either.

 

Oh and congrats you two Calgary guys! When you get your car's you should make a trip up to Edmonton and show them off to me (the poor university student who can't get one until summer :wink: )