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Discussion Starter · #1 ·
Am looking at leasing a Z06 from Kerbek in NJ. Anyone deal with them before? I never leased, so its all new to me. $2400 is approx fees up front. Is that high? Also, anyone know about this oil consumption problem? Was it corrected after a certain build date?
 

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I bought my Z06 from Kerbeck. They did a good job for me. I am from Minneapolis and bought over the phone, not having seen a Z06. Given that they did a good job. If you are able to go there and deal in person then you might get even better service. I would recommend them to you. They were open and honest. I dealt with Kristen and used Car Finance.com to finance. I looked at leasing to be able to get into the car sooner with a payment that I could afford. After looking at the numbers I found about $10,000 that disappeared into thin air. You should look close at what they are telling you the car is worth when the lease is up and how much finance charges will be when and if you try to purchase at the end of the lease. I planned on keeping the car forever so the lease was just to get into the car quickly. I ended up financing and I am glad now that I did.

The oil consumption problem historically has shown to be in most cases temporary up to about 4000 or 5000 miles then tapers off drastically. Mine has had none but I baby mine and only have 1218 miles on it. There are a great deal of threads on the oil consumption problem in this forum. Read them all and form your own opinion.

Kerbeck has a website with responses from satisfied customers. www.kerbeck.com
 

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there is nothing wrong with leasing if you do it right. first never lease over 3 years and make sure you stay with in the miles 3/36000 3/45000 the more miles you get the higher the payment so if your going to drive less then 12,000 a year stick with the 3/36,000. the cons on leasing are that if you plan on keeping it after the lease you will be paying much more for your car overall plus when you refinance your going to be paying a higher interest rate because know its like rebuying the remaining amount on a 3 year old vette. another con is you will have to carry 100/300/100 insurance that the law in most state.the up front fees are a mute point the more you put down the lower the lease payment.to make a long story short only lease if you plan on getting rid of the car when your lease is up.leasing is good if your always buying a car every 3yrs.if you plan on keeping it dont lease that would be a big mistake check out what is called a smart buy if your interested in that let me no and ill tell you how that works. thx tom
 

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I went with the smart buy program...only got it through a bank...Not GMAC. Leasing is not a good deal unless you have a way of writing it off your taxes. I am a Realtor and even though I could lease my Cadillacs...we tend to keep them 4-5 years and therefore find it a better deal to write off the actual mileage. Also, the upfront fees are negotiable on a lease. The few times I have leased, I was able to negotiate most if not all of them away.
 

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the up front fees is like a down payment when you buy a car lets say you lease your vette 3/36000 the monthly payment is $500 just to make it easy we know it would be more than that.you could put $18,000 up front and not make a payment till your lease was up. 36mn times $500 = $18,000. i have had customers do this before mostly older ones who dont want to worry about a payment. the only up true up front fees are the security deposit and that is wavied if you leased through gmac before. tom
 

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Discussion Starter · #6 ·
Thanks TOM, BOB & Phil for your input. I found another co called ACS Leasing. They beat GMAC by $33 a month with only a month up front fee plus doc & tags. Kerbeck could've done it all by sat and now I must wait til tues. /phpBB/images/smiles/icon_cry.gif Heard something about build dates and oil use tho..cars built before April are more prone? ALso read a thread regarding using petroleum based oil for first 1000 mi, then switch to synthetic. Who knows? /phpBB/images/smiles/icon_confused.gif
 

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Racingfast. I got mine a couple of weeks ago. It was built in May...after 600 miles I am down about 1/2 a quart. Factory fill is Mobil 1. I use Mobil 1 in all my cars. I don't think oil consumption is excessive...my two Northstars use about a quart every 1500 miles. I think the trick is keeping it below 3000RPM while you are breaking it in. Hib Halverson wrote some good words on this today on another posting...might want to read it. Car is great... it is truly the best Vette yet. All I want to do is drive it!!!!!!
 

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Discussion Starter · #9 ·
TOM.... their fees are $2349.46. They ran thru them fast, but I did understand part of that is first month's pmt; last month's pmt; a $595 fee for ??; $85 for motor vehicle fees; $139 for doc fees. I did find another lender who wants only the first month plus MV fees, and is $40/mo cheaper.
BOB...I hear you on the break in miles. What is a good number to use til ya can open her up? Brian
 

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I am at 700 miles...and I don't think it is a speed issue...more an RPM issue. I do not plan to get mine above 3500 RPM for about 2000 miles. I really want to make sure every thing sets in OK. I do think that all engines use oil if you push the upper RPM ranges no matter how old they are. My 1990 SS454 pick up uses a quart every 1000 miles and it that appears to be normal for the 454. If I get my foot into it the oil use goes up by about 25%. Gm has built some burners..but I think driving style has a lot to do with it. Even on the video tape that comes with the car they tell you that if you are going to do high speed autocross events you need to add a quart of oil (they claim to prevent oil starvation in turns). I think they know that when you hot foot these cars you will use more oil. All I know is this car is absolutely FANTASTIC!!!!!!
 

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Discussion Starter · #11 ·
BOB, I cant wait now! Spoke to a guy who drove one at an autocross after running his C4 to an FTD with race tires. He hopped in the Z on the F1's and beat his time on the track! Awesome! I have a new set of KUHMOS on 17's that will surely be on after those dreaded break in miles! I may have to take a few days off work and just DRIVE it. I have a race July 1st. Will bring MY C4 and run both for a real test! Brian
 

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Discussion Starter · #12 ·
WELL, picked up my Speedway White car today. It had 5 miles on it and it was very very difficult to come home 175 miles under 3000RPM! Guess I need 500 miles to see how it really runs. Should I change the oil in the near future like 1000 mi? And if so, should I use some petroleum based oil to complete the seating of the rings?
 

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On 2001-06-16 22:02, racingfast spewed forth this drivel:
WELL, picked up my Speedway White car today. Should I change the oil in the near future like 1000 mi? And if so, should I use some petroleum based oil to complete the seating of the rings?

Congrats on the new Z!! I would change the oil at 1500 miles, go easy on the breakin, and stick with Mobile one like the factory recommends. JMHO
 

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Discussion Starter · #15 ·
My lease is $552 for 51 months... that was with $5k down (part of which was the doc fees, MV fees, sec dep, etc)
I think I may chg the oil at 1000 mi tho. I just dont want any of those problems.
And I will say up to 3000RPMS the car is great.. cant wait til I can run it!
 
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