The deal is even better if you're new to GM.
The Chevrolet Camaro has a problem. Sales of the muscle car have continued to drop over the past few years while rivals the Ford Mustang and Dodge Challenger continue to gain sales momentum. Chevy has been making some noble attempts to reverse this pattern by offering generous cash allowances and rebates for customers who prefer to buy and finance one. But what about those who prefer to lease?
The Bow Tie brand is currently running an attractive lease deal for a 2021 Camaro LT1 Coupe, powered by the naturally aspirated 6.2-liter V8 totaling 455 horsepower and 455 lb-ft of torque and paired to a 10-speed automatic transmission, for a darn reasonable $274 per month for 39 months.
The deal gets even better for those leasing or owning a non-GM vehicle from at least the 2016 model year; they're entitled to $0 down, no first monthly payment, and no security deposit. Dealers can charge an additional $0.25 per mile over 32,500 miles, which equates to 10,000 miles annually.
Last month, Camaro customers were treated to another exceptionally attractive offer that saw the LT1 Coupe actually cost less to lease than the turbocharged 2.0-liter four-cylinder 1LT Coupe. The V8-powered LT1 could be had for $287 a month for 36 months with the same amount due at signing. The turbo model, however, was available from $299 a month for the same time period, and with $989 due before driving home.
The effective costs were $294 and $324 per month, respectively. Getting an additional 180 hp cost $30 less each month. Nice. This month's deal can be even better. Remember, the Camaro LT1 also comes with 20-inch wheels, Brembo brakes, a performance suspension, and a dual-exhaust.
Despite decreasing Camaro sales, it appears Chevy intends to keep the current sixth-generation alive until at least 2026. After that, who knows, though we wouldn't rule out the possibility of the Camaro becoming an all-electric muscle car. Times are changing and the Camaro will have to evolve in order to survive.