A Chevrolet Camaro is cheaper to lease than a Malibu right now

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A Chevrolet Camaro is cheaper to lease than a Malibu right now

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.

2023 Chevrolet Malibu

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.

2023 Chevrolet Camaro
2023 Chevrolet Camaro

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.

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