If you’re in the market to lease a new vehicle but you’re not quite sure what you want to get, we recommend looking at the Chevrolet Camaro. As of right now, it can be leased for less than it costs to lease a Honda Accord, which is one of the more affordable vehicles on the market. This is due to the latest dealer bulletin from General Motors, compared to the Honda by CarsDirect.
Chevrolet Camaro LT1 Lease vs. Honda Accord LX Lease
The new 2022 Chevrolet Camaro LT1 with a V8 engine can be leased for as low as $249 a month for 39 months. With $4,609 down at signing for a low-mileage lease with 10,000 miles allowed per year, you could pay a total of $367 a month which is a spectacular deal considering the car has an MSRP of $36,790. Unfortunately, this deal includes a Lease Loyalty/Conquest Bonus of $1,500. To be eligible for the price, you must currently be a Lesse of a 2017 model year or newer car or truck. The price could be higher if you don’t currently hold that status.
Comparing the Camaro LT1 V8 lease to the popular Honda Accord, you could be able to lease the Camaro for less. A dealer leasing bulletin has the 2022 Honda Accord LX with a lease starting at $299 a month for 36 months with $3,899 due at signing. This comes down to a monthly cost of $407. The Accord has an MSRP of just $27,615 and has a limit of 10,000 miles per year on its lease.
Even though the Chevrolet Camaro contains a Loyalty/Conquest Bonus and a higher amount due at signing, it looks better on paper. Especially when taking into account that it has a residual value of 62% after 39 months. While the Accord only retains 59% of its value after three years, which is still a good amount but not as good as the Camaro, especially if you’re considering a lease buyout in the future.