abdo

Back in 1985 I had just sold my business and was determined to get a new Corvette. I got a 1986 Coupe for $27K. It was my first Corvette. I still have it. I know being an early C4 it would not bring me more than $10K or $12K now but that's OK. I have had over 30 years of enjoying it.

skyhawk50

Toys = Cash !

Raidmagic

Bunch of ballers in this thread. I had a loan on mine. Bought it 19 years ago when I was 24, the same year I bought my house. Didn't have 13 grand laying around to buy a car. I guess I suck.

PatternDayTrader

It's hard to stomach borrowing money on a depreciating asset, but until your financially able it might be the only way. I suppose there's always a chance of some apocalyptic event that could occur and you may never have to pay it back.

HAD2HAV2

Well My Old Heap looks rather good. When you buy used you buy the newest you can afford or you go for a special addition.

david1988c4

I paid cash for my '88 was only $3,800. If it's a deal and you want it then go ahead and get it and don't look back.

pologreen1

Ask this in c6-c7 and ask this 30 years ago in c4. Mot are financed to the gills. Toys don't impress me the banks have lots of money and make more everyday off suckers.

abdo

Raidmagic: I'm not sure what a "baller" is but there was a time I didn't have much more than two nickels to rub together. Over the years with some hard work and a bit of luck, I was able to pay cash for a new Corvette. It probably only happens once or twice in a lifetime, but I couldn't see making expensive (at that time) payments when I could pay cash.

Cruisinfanatic

Not unless it's barely been driven

VikingTrad3r

nailed it

JungleCat

I paid cash, both for my '80 (sold) and '86.

FAUEE

Very true here. The C4 has a high rate of outright purchasing because it is cheaper than the other by a lot.

seeyouinajif

Cash for sure. I hate payments.

astepup

I paid cash for my 94 when I bought it seven years ago. Sold a 70 Malibu (which I still regret) and saved until I could buy a corvette outright. I haven't had a car payment in over 10 years and I want to keep it that way. Every month I put away what I'd spend on a payment for a good used car and have managed to build up a nice amount for any future "toy" purchases.

astepup said that

95tealconvert

Makes me wonder how many of us "frugal" (as my wife likes to call me) guys are drawn to the C4 over a newer more expensive vette because of the entry level price.

Just seems more fun to have older cars that are paid for then a new one that you have to make payments on and at the same time is depreciating as much or more each month then your payment.

Sometimes in life we just have to make payments on cars so I understand why many have had to do this. One important lesson I have learned as I have " grown " up is to be thankful for what I have and not always have to get the newest and fastest thing coming out.

C4gold

I don't believe it really matters how we all purchased our vettes! I think the question is do you have to change your lifestyle to make the purchase? IMO if you answer yes to that than it's probably not a good idea.

TorchTarga94

I bought mine as a Junior in College as daily transportation. I paid $5,000 down and took out a small $4,000 loan which I paid off in a year. Probably didn't need the loan but I knew I could pay it off and help build credit at the same time.

-=Jeff=-

Yes..

I had a loan on my 89 when I bought it in 1993

I paid cash for my 1990 when I bought it in 2007

Big Bird 88

Cash. Its not a toy, its my daily driver. But I figured why drive a 5 or 10 yr old Civic when I can drive a Corvette ?

DGXR

Paid cash in full at the time of purchase (private party).

Seems odd to make payments on a used car... I can think of lots of things to do with my money other than paying interest.

Also, if a person needs financing buy their only car, why would they buy a Corvette? They are so impractical. At least a Camaro has a back seat, and a trunk.