It could be a Chevrolet Camaro it seems like a less sensible choice than the bow-tie brand’s Malibu sedan, but it’s actually cheaper to lease a Camaro than a Malibu right now, despite the big difference in asking prices. CarsDirect.
As described in Chevy’s latest Dealer Leasing Bulletin, the leases are a 2023 Malibu The LT (one step below the top 2LT trim level) starts at $289 per month for 24 months, with $3,629 due at signing. This rate is available through January 31 and assumes 10,000 miles of driving per year. According to CarsDirect, the 2023 Malibu has a base price of $29,195 including destinations, and that’s an effective lease cost of $440 per month.
Chevy now offers a better lease deal on the Camaro. Customers can lease a Camaro LT1 coupe — with a 455-horsepower, 6.2-liter V-8 and a 6-speed manual transmission — for $279 a month for 39 months, $5,259 at signing. At an effective monthly cost of $414, the V-8 muscle car is cheaper to lease than the sensible sedan, despite the $8,600 higher MSRP.
Alternatively, a 2023 Camaro 1LT coupe (a step up from the base 1LS) with a 2.0L turbo-4 can be leased for $319 per month for 39 months, $4,489 at signing. That’s $434 a month, $6 less than the Malibu. The Camaro 1LT coupe also has a lower MSRP, but starts at $28,295 destination.
It’s worth noting that Chevy’s current Malibu lease offering is pretty weak. According to CarsDirect, the Malibu LT is still more expensive to lease than a 2022 Honda Accord LX with an effective cost of $399 per month.
More aggressive lease offers could help Camaro sales despite the lack of major updates in recent years. Sales increased by 12.6% in 2022 compared to the previous year, temporarily halting the years-long downward streak. Rumor has it that it will be 2024 the last year of the Camaro in its current form, although the data sheet can be reused as a electric performance sedan. With the end likely near, good lease rates may not be the only reason to get a Camaro.
This article was originally published by Motor Vehicle Authority, editorial partner ClassicCars.com.
