Sorry, Robert but I kind of agree with LT1vetteguy, although I think I would have stated it a little less harsh. It is arrogant to assume that everyone has the financial resourses to pay cash for their Corvette. I think if you took a poll, you'd find that most of us financed, traded, or saved for years to be able to buy their dream car (not a toy). Vettes aren't cheap, even 12 year old ones, and most of us don't have the disposable cash laying around to buy one.
I agree that America is overextended in debt, but it is still America and if we want to finance $10-12k for a Corvette that is our choice.

 

I think the subject was financing Corvettes...

CU is the way to go. 4% for someone else's money isn't too shabby.

 

Boy, you just love talking about money, and how responsible you are with it. What a F'ng joke. How much did your parents give you again to buy your car? Don't even go there with me. Who the hell are you to be telling anyone what to do with their money!

Go hang out on the C5 board where you belong. Let the real car enthusiasts occupy the C4 section. Oh, and if I gotta have you tell me how to spend my money, I'll let you know about it.

Mike

Edit: Just to stay on topic, try to join a credit union. They will generally not have a limit on year of used car, and will have better rates to boot. I have financed 9 cars in my lifetime and paid every one of them off (no leases). I have never paid cash for a car... I could think of a million places where that money could be better spent.

 

 

On a side note, i would like to apologize for my harshness to anyone who read or is to read this post, I am very far from like this in life...but Arrogance really bothers mean...It has nothing to do with money in any way shape or form....For someone to tell me what i should be doing in my life really urks me...To think you know whats best for someone is just rediculous..whether its a decision on college, relationships or financial decisions etc......And to classify a 'REAL ADULT" as someone who buy things with cash is just rediculous as well...i guess 90 percent of america is just childish......

 

The best financing as far as rates are 1. Capital One Auto Finance
2. Ebay financing center
I would give both of the above a try. Good luck.

 

You really are a piece of work.

Not that it matters but the amount they gave me was $6,000 and it was paid back within two weeks. They put up a fight about taking it back but i left the check on the table and noticed it has been cashed.

I am 27 now and up till i was 24 or so i was very irresponsible finacially. I bought stuff on credit and lived above my means. Luckily i learned a lesson young and now only have a Mortguage payment and some student loans left that i am paying. My goal is to be debt free by 40. If that is poor financial planning then so be it.

I find it hard to believe that anyone can argue with the fact that if you need to finance a 13 year old vette near the bottom of its depreciation curve you may well be better suited doing what that VP someone talked about said and that is SAVE SOME DAMN MONEY FIRST! There is nothing wrong with saving and spending what you have.

In the end it is America and everyone is entitiled to do what they want to do. That comes with benefits and consequences. I am not being snobby or arrogant. I have to get up and go to work everyday just like the rest of us. I just think being responsible is the right thing to do. Take housing for instance i live in RI houses are through the roof. I could easily take out a $600,000 loan to buy a nicer place but then i would be sinking a pretty large chunk of change into my house every month. I live well beneath my means so i don't have to worry about cutbacks, or the economy or whatever. I could go max out many lines of credit have a mansion a big boat with dock slip a fancier car etc etc. Then i would be a slave to my work and the debt i racked up.

To be in debt is to be enslaved. You may not like it but it is true. Just like the more things you own the more things own you.

Thats enough for me to type. You don't have to agree. I could say some nasty things back but i dont think thats really necessary. All i can say is if reading this makes you think i am lacking brain cells i truly feel sorry for you and i mean that.

 

BTW the most offensive thing i have seen here is that i am not a "real" car enthusiast. Having changed rear ends, shocks, done engine work, etc in the last year alone i think means i actually like cars. Also I had 2 c4's and now my C5. I love vettes and if i was not a car enthusiast and just wanted a status symbol i'd go by a Mercedes like every other loser around town. Say want you want but don't dare tell me i am not a car enthusiast with vettes in particular. I have been on this forum for 3 years learned alot hopefully helped a lot and met a lot of great people. Unfortunately also some not so great people.

 

It has nothing to do with lacking brain cells. It has more to do with being none of your business how anyone wants to spend their money. I could lecture you on a thing or two as well, but I won't, because it's none of my business if I don't agree with something that you do or say.

The guy was looking for answers on how to get a car financed, not whether or not he could afford it.

Just my opinion...

Mike

 

I gave him my financing opinion in Capital One.

You were very rude and it really wasn't necessary. I wasn't telling him how to spend his money just trying to help shed some light on a few things that i learned the hard way.

Why this degraded into the joke it did is beyond me. Do what you want. If you or anyone else wants to be in debt up to their ears and work till they are 70 then go right ahead. I guess thats your choice. It scares me that someone so irresponsible with money to make that kind of decision is going to be responsible behind the wheel with more than 300 HP on tap I am starting to understand why i see so many crazies on the roads.

 

Is it me, or did those words just come out of the mouth of someone who just said they have student loans to pay off, yet he "borrowed" 6K to buy a corvette? Am i missing something here? Please tell me i am reading something wrong..or i have misinterrperted.borrowed and paid back 6k to buy corvette and has student loans.....

 

Nope you understood just fine. I didn't borrow anything. My parents gave me 6 grand for the car. I took it but told them they would have to have it back within the month. They declined but i paid them back anyway.

Yes i have student loans still that are being paid off very quickly and will be gone by years end. I factored that in to my car buying decision.

It's obvious to me and hopfully anyone here with an once of financial sense that you are not going to be able to be reasoned with. I gave my opinion, the forum is full of them some better than others and you gave yours. I'm pretty sure if you polled 1,000 people in finance my argument would hold more merit but whatever. Like i said be in as much debt as you want. When you are still working at 55,60, 65 whatever i'll be out driving, boating and doing whatever.

Enjoy

 

I could shed a little light on you as well, but is this really the place to do so? That's my point! The guy is looking for information on how to finance a car, and not on Finances 101. Do you think he really cares whether or not you were irresponsible with money when you were 24, and now you have the world by the ***** when you reached the age of 27? I know I don't.

Mike

 

I'm actually a Finance Manager at a car dealership. I deal with Capitol One on a daly basis, and banks like them and B of A only finance cars about 5 years old and newer. I would go throud a credit union like i did. Some credit unions finance just about any year vehicle. I'm financing my 68 C/20 truck through them at 3.9%. But that was over a year ago. Now the rates are at 4.25%. That would be the best way to go. Less paper work also.

 

I'm done replying to the idocy of financing a 92 vette as far as why you should or should not. I know you should not and thats enough for me.

BUT!

If you are gonna finance just use capital one they will issue you a blank check and you can go buy a pinto for all they car. As long as you are borrowing at least 7,500 and not more than i believe 75,000 they don't care what you buy as long as it is from a licensed dealer. You can apply online and they will mail the check to you. All you need is good credit. As for their person to person sales i know years ago you met the buyer at a mailboxes etc which i think now is the UPS store but i could be mistaken. All i know is that you can use capital one when buying through a licensed dealer for any year car you want. If i was going to finance it would be the only way to go.

 

I don't know who closed this thread, but I do know that all of you who are making threats are probably going to be on vacation from this forum for a while.