C7 General Discussion General C7 Corvette Discussion not covered in Tech
Sponsored by:
Sponsored by:

70k mikes in one year?

Thread Tools
 
Search this Thread
 
Old 12-24-2014, 09:01 AM
  #1  
F&Yb0dluvr
Drifting
Thread Starter
 
F&Yb0dluvr's Avatar
 
Member Since: Apr 2010
Location: Central FL
Posts: 1,740
Likes: 0
Received 5 Likes on 5 Posts
Default

I would have guessed it may be a typo but judging from the price it's not No one has done more then that in their C7 have they?

Unless you're using $100 dollar bills for toilet paper, I don't understand why someone would drive the crap out of a new Corvette and take an almost 50% depreciation in the first year??
Attached Images  

Last edited by F&Yb0dluvr; 12-24-2014 at 09:04 AM.
Old 12-24-2014, 09:06 AM
  #2  
1SG_Ret
Melting Slicks
 
1SG_Ret's Avatar
 
Member Since: Jul 2014
Location: Bonita Springs Florida
Posts: 2,195
Received 478 Likes on 283 Posts
Default

Well, ya can't fault him for not getting the use out of his car.
Old 12-24-2014, 09:13 AM
  #3  
magredrod
Pro
 
magredrod's Avatar
 
Member Since: Aug 2003
Location: Lake Keowee, SC
Posts: 529
Received 44 Likes on 22 Posts

Default

Certainly can't deny that this person has gotten some of the best use of their C7! Good for him/her!!

Would be interesting to know lots of details on how the car held up, any part failures, avg tire life over 2-3 sets, MPG life to date, etc.
Old 12-24-2014, 09:14 AM
  #4  
F&Yb0dluvr
Drifting
Thread Starter
 
F&Yb0dluvr's Avatar
 
Member Since: Apr 2010
Location: Central FL
Posts: 1,740
Likes: 0
Received 5 Likes on 5 Posts
Default

Probably spent over $10k in gas too
Old 12-24-2014, 09:16 AM
  #5  
WV Vette
Racer
 
WV Vette's Avatar
 
Member Since: Dec 2010
Location: Almost Heaven WV
Posts: 392
Received 5 Likes on 5 Posts
Default

I would think it was business miles that was written off or paid for by the business. I do about the same mileage, 60K - 70K, a year for my job but I do it in a regular car, not my Vette. I buy a new Toyota every year for that and my mileage reimbursement more than pays for the car and depreciation.
Old 12-24-2014, 09:18 AM
  #6  
Blue2015
Instructor
 
Blue2015's Avatar
 
Member Since: Jul 2001
Location: Wesley Chapel, FL
Posts: 153
Likes: 0
Received 0 Likes on 0 Posts

Default

If the person was expensing the mileage, it's not too bad a deal.
Old 12-24-2014, 09:19 AM
  #7  
Klyde
Pro
Support Corvetteforum!
 
Klyde's Avatar
 
Member Since: Mar 2013
Location: Indiana
Posts: 628
Likes: 0
Received 11 Likes on 9 Posts
Default

At 70 mph that would come to just under 1000 hours of driving or 41 solid days in the car on the highway. Considering its not possible to only drive 70 mph that's going to be quite a bit more hours in that car. Maybe a rental car or traveling salesman.
Old 12-24-2014, 09:21 AM
  #8  
F&Yb0dluvr
Drifting
Thread Starter
 
F&Yb0dluvr's Avatar
 
Member Since: Apr 2010
Location: Central FL
Posts: 1,740
Likes: 0
Received 5 Likes on 5 Posts
Default

Originally Posted by WV Vette
I would think it was business miles that was written off or paid for by the business. I do about the same mileage, 60K - 70K, a year for my job but I do it in a regular car, not my Vette. I buy a new Toyota every year for that and my mileage reimbursement more than pays for the car and depreciation.
I thought of that but unless the business is directly related to the car why would it want to take such a huge hit in depreciation, wear and tear gas etc?
Old 12-24-2014, 09:24 AM
  #9  
Ernest_T
Drifting
 
Ernest_T's Avatar
 
Member Since: Nov 2014
Location: Salado TX
Posts: 1,782
Received 106 Likes on 78 Posts
Default

Originally Posted by F&Yb0dluvr
I thought of that but unless the business is directly related to the car why would it want to take such a huge hit in depreciation, wear and tear gas etc?
If you have a successful business, then writing off that car is no big deal.
Old 12-24-2014, 09:28 AM
  #10  
davidtcpa
Go Canes!
Support Corvetteforum!
 
davidtcpa's Avatar
 
Member Since: Dec 2009
Location: Boca Raton FL
Posts: 5,975
Received 329 Likes on 241 Posts
St. Jude Donor '11-'12-'13-'14-'15-'16-'17-'18-'19-'20-'21


Default

Originally Posted by Klyde
Maybe a rental car or traveling salesman.
No way is it a rental car. A luxury rental like that is just not rented enough to put 70K miles a year on it. I would be he/she was a salesman of some kind.

Just from a comfort standpoint, I don't think I could put that many miles on my Vette. I put less miles in 8 years of my C6!!!
Old 12-24-2014, 09:34 AM
  #11  
davidtcpa
Go Canes!
Support Corvetteforum!
 
davidtcpa's Avatar
 
Member Since: Dec 2009
Location: Boca Raton FL
Posts: 5,975
Received 329 Likes on 241 Posts
St. Jude Donor '11-'12-'13-'14-'15-'16-'17-'18-'19-'20-'21


Default

No typo... I went and looked it up. It is surprisingly clean.

Old 12-24-2014, 09:36 AM
  #12  
F&Yb0dluvr
Drifting
Thread Starter
 
F&Yb0dluvr's Avatar
 
Member Since: Apr 2010
Location: Central FL
Posts: 1,740
Likes: 0
Received 5 Likes on 5 Posts
Default

Originally Posted by davidtcpa
No way is it a rental car. A luxury rental like that is just not rented enough to put 70K miles a year on it.:
Would a rental even have a manual Corvette? I don't think so but I may be wrong..
Old 12-24-2014, 09:40 AM
  #13  
F&Yb0dluvr
Drifting
Thread Starter
 
F&Yb0dluvr's Avatar
 
Member Since: Apr 2010
Location: Central FL
Posts: 1,740
Likes: 0
Received 5 Likes on 5 Posts
Default

Originally Posted by davidtcpa
No typo... I went and looked it up. It is surprisingly clean.
I mean it still is only a year old car driving 200+miles a day on the highway and sticking it in 7th isn't going to dirty it much..
Old 12-24-2014, 09:43 AM
  #14  
MSG C5
Race Director
Support Corvetteforum!
 
MSG C5's Avatar
 
Member Since: Jul 2008
Location: The Sunshine State
Posts: 16,999
Received 2,680 Likes on 1,482 Posts
2022 C5 of the Year Finalist - Modified
2021 C5 of the Year Finalist - Modified
C7 of the Year - Modified Finalist 2021
Finalist 2020 C7 of the Year -- Modified
2020 C5 of the Year Finalist - Modified
C5 of Year Finalist (appearance mods) 2019
2018 C5 of Year Finalist

Default

That's a lot of driving! Even in a fun car like the Corvette Stingray. Assuming the previous owner used it for business, five days per week, that would average to 269 miles a day!

I used to commute 110 miles round trip and really began to hate driving on the weekends, even my Corvette. Too many close calls to even count over the years...
Old 12-24-2014, 10:03 AM
  #15  
WKMCD
Race Director
 
WKMCD's Avatar
 
Member Since: Dec 2004
Location: Haymarket VA
Posts: 13,765
Received 73 Likes on 48 Posts

Default

The good news is, you can't put that many miles on driving around town in stop and go traffic. Probably 90% highway miles which are much easier on the car.
Old 12-24-2014, 10:11 AM
  #16  
4thC4at60
Le Mans Master

 
4thC4at60's Avatar
 
Member Since: Jun 2002
Location: Commerce Texas
Posts: 5,960
Received 2,921 Likes on 1,302 Posts

Default

Originally Posted by F&Yb0dluvr
I thought of that but unless the business is directly related to the car why would it want to take such a huge hit in depreciation, wear and tear gas etc?
Curious.... how many miles do you put on your Vette per year?

Cars are depreciating assets and the only way to truly get your value out of a car - any car - is to drive it. Few cars appreciate....

I put about 1,000 miles per month on an old Ferrari.... and have more than 600,000 miles in Corvettes over the past 26 years.

Bought my C7 about a month and a half ago and have 7,000 miles on it already.

It's a car - drive it. No one ever said on his death bed, "I wish I'd driven the _____ less."
Old 12-24-2014, 10:21 AM
  #17  
dvilin
Team Owner
 
dvilin's Avatar
 
Member Since: Nov 2007
Location: Rochester, NY
Posts: 44,743
Received 7,922 Likes on 4,808 Posts

Default

Well he certainly got his use of it, better than keeping it 6 years driving it 1000 miles a year, never in the rain, etc.
Either way you are going to lose money. Your choice on how and when.

Get notified of new replies

To 70k mikes in one year?

Old 12-24-2014, 10:28 AM
  #18  
F&Yb0dluvr
Drifting
Thread Starter
 
F&Yb0dluvr's Avatar
 
Member Since: Apr 2010
Location: Central FL
Posts: 1,740
Likes: 0
Received 5 Likes on 5 Posts
Default

Originally Posted by 4thC4at60
Curious.... how many miles do you put on your Vette per year? Cars are depreciating assets and the only way to truly get your value out of a car - any car - is to drive it. ."
About 6k mostly all on the weekend during the week it stays nice in my garage and yup it is in mint condition..I would get NO joy putting it in 6th on the highway, setting the cruise control, burning 93 gas and racking 200+miles a day on it picking up hundreds of stone chips and then park it in the hot Florida sun for 8 hours at work. My car of course has NO warranty..there's getting use out of your car and then there's stupidity.. When I did have a long commute to work I had a 4cylinder for that..

Last edited by F&Yb0dluvr; 12-24-2014 at 10:44 AM.
Old 12-24-2014, 10:57 AM
  #19  
VNAMVET
Le Mans Master


 
VNAMVET's Avatar
 
Member Since: Sep 1999
Location: FL
Posts: 7,784
Received 392 Likes on 196 Posts

Default

Originally Posted by Klyde
At 70 mph that would come to just under 1000 hours of driving or 41 solid days in the car on the highway. Considering its not possible to only drive 70 mph that's going to be quite a bit more hours in that car. Maybe a rental car or traveling salesman.
Or.......mabe LOTS of Dyno time.
Old 12-24-2014, 11:40 AM
  #20  
MSG C5
Race Director
Support Corvetteforum!
 
MSG C5's Avatar
 
Member Since: Jul 2008
Location: The Sunshine State
Posts: 16,999
Received 2,680 Likes on 1,482 Posts
2022 C5 of the Year Finalist - Modified
2021 C5 of the Year Finalist - Modified
C7 of the Year - Modified Finalist 2021
Finalist 2020 C7 of the Year -- Modified
2020 C5 of the Year Finalist - Modified
C5 of Year Finalist (appearance mods) 2019
2018 C5 of Year Finalist

Default

Originally Posted by 4thC4at60
Curious.... how many miles do you put on your Vette per year?

Cars are depreciating assets and the only way to truly get your value out of a car - any car - is to drive it. Few cars appreciate....

I put about 1,000 miles per month on an old Ferrari.... and have more than 600,000 miles in Corvettes over the past 26 years.

Bought my C7 about a month and a half ago and have 7,000 miles on it already.

It's a car - drive it. No one ever said on his death bed, "I wish I'd driven the _____ less."
That's true. I never try to use the words "investment" and "car" in the same sentence. I enjoy new cars, but I drive them for 5 years and then trade/sell into another one. However, my C5 vert is an exception as I plan to keep that while I'm above ground.

Based on my earlier example, if this owner drives 269 miles per day and averaged 60 MPH, that's close to 5 hours per day driving. Ouch! That's a lot of butt time behind the wheel. Perhaps on his death bed, he will wish he drove his C7 8 hours per day!


Quick Reply: 70k mikes in one year?



All times are GMT -4. The time now is 02:43 AM.