Adding a ZR1??
Le Mans Master
Joined: Jan 2002
Posts: 7,275
Likes: 19
From: Camden County NJ
Race Director
Joined: Sep 2007
Posts: 12,899
Likes: 1
From: Denver Colorado
my dad is going to buy one with cash...and it is going to be his first vette ever!!!! I'm jealous but happy for him, at least i will be able to say i have driven the new zr1... and if you look at it this way, some day i will inherit this machine from him, that is what he keeps telling me!!!!!
Last edited by 34RedRage; Feb 28, 2008 at 10:29 AM.
Le Mans Master
Joined: Aug 2001
Posts: 6,725
Likes: 5
From: Colesville MD
*Taken from http://www.navyfcu.org/
Melting Slicks
Joined: Nov 2003
Posts: 3,011
Likes: 9
From: Dublin GA
I may be the only one, but for $100,000+, the ZR1 just doesn't do it for me. There are SO many guys that are putting out that kind of hp already, so all you're buying is the collector potential and a great engineered car. But for me persoanlly I would love to have a C6Z06 with about $10,000 in mods that would allow me to spank any stock ZR1 built. I guess I just love the potential of that 427 small block
Don't forget to factor in that insurance premium!!
Melting Slicks
Joined: Oct 2006
Posts: 3,447
Likes: 6
From: Los Angeles
Home Equity Lines are available for primary residences, second homes and investment properties. The second home loans require a 0.75% increase in the interest rate and max. CLTV is 90%. All Home EquityLines are variable-rate products, and the annual percentage rate, payment, or term may change.For Loan/Line amounts up to $350,000, closing costs typically range between $150 and $900. For Loan/Line amounts between $350,000 and $1 million, closing costs typically range between $600 and $20,000. The closing costs depend on the location of the property and the amount of the Equity Loan/Line. You must carry homeowner's insurance on the property that secures this plan. Home EquityLines of Credit are not available in Texas. Current rates range from 5.00% APR to 12.25% APR with a plan maximum of 18% APR.
*Taken from http://www.navyfcu.org/
*Taken from http://www.navyfcu.org/
Unless of course, one would be borrowing money against the equity they already have in their home. One car wreck away from being homeless. Hope that ZR1 has good car insurance.
Le Mans Master
Joined: Jan 2004
Posts: 9,488
Likes: 1,743
From: Knoxville Tn
Being the 'first' on the block is an expensive endeavor.
The original ZR-1 sold for up to twice sticker when they first came out, almost the same with Ron Fellows Z cars. I'm thinking there's a lesson here.
The original ZR-1 sold for up to twice sticker when they first came out, almost the same with Ron Fellows Z cars. I'm thinking there's a lesson here.
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Corvette Engines RANKED by Peak Torque (70+ Years of Muscle!)
Joe Kucinski
Corvette ZR1X Will Be Pacing the Indy 500, And Could Probably Race, Too!
Verdad Gallardo
Top 10 Corvettes Coming to Mecum Indy 2026!
Brett Foote
Top 10 C9 Corvette MUST-HAVES to Fix These C8 Generation Flaws!
Michael S. Palmer
10 Revolutionary 'Corvette Firsts' Most People Don't Know
Joe Kucinski
5 Reasons to Upgrade to an LS6-Powered Corvette; 5 Reasons to Stay LT2
Michael S. Palmer
2027 Corvette vs The World: Every C8 vs Its Closest Competitor
Joe Kucinski
10 Most Common Corvette Problems of the Last 20 Years!
Joe Kucinski
5 MOST and 5 LEAST Popular Corvette Model Years in History!
Joe Kucinski
Melting Slicks
Joined: Dec 2003
Posts: 2,857
Likes: 2
From: pawleys island sc
when you get up into that dollar amount you have a hell of a lot of options. The Corvette has always been the best "bang for the buck" sports car you could buy but once you get into the $130000 + range there are some really serious cars out there.I've got aprox 500hp under the hood now and I find very few opportunites to use even most of it, so hp figures really don't impress me.
If I were going to lay out that kind of money I'd be looking at the R8, GT2 or GT3 not a ZR1 and I wouldn't use my cash at today's interest rates it pays to use someone else's money.
But I'm more than happy with my C5, hell, I LOVE the thing, so I really have no plans to buy anything ( ain't it nice NOT to have a car payment?)
If I were going to lay out that kind of money I'd be looking at the R8, GT2 or GT3 not a ZR1 and I wouldn't use my cash at today's interest rates it pays to use someone else's money.
But I'm more than happy with my C5, hell, I LOVE the thing, so I really have no plans to buy anything ( ain't it nice NOT to have a car payment?)
Thread Starter
Race Director
Joined: May 2007
Posts: 11,334
Likes: 136
From: Out of Site...Out of Mind. Corvette: anything else is just transportation.
St. Jude Donor '09 thru '20
when you get up into that dollar amount you have a hell of a lot of options. The Corvette has always been the best "bang for the buck" sports car you could buy but once you get into the $130000 + range there are some really serious cars out there.I've got aprox 500hp under the hood now and I find very few opportunites to use even most of it, so hp figures really don't impress me.
If I were going to lay out that kind of money I'd be looking at the R8, GT2 or GT3 not a ZR1 and I wouldn't use my cash at today's interest rates it pays to use someone else's money.
But I'm more than happy with my C5, hell, I LOVE the thing, so I really have no plans to buy anything ( ain't it nice NOT to have a car payment?)
If I were going to lay out that kind of money I'd be looking at the R8, GT2 or GT3 not a ZR1 and I wouldn't use my cash at today's interest rates it pays to use someone else's money.
But I'm more than happy with my C5, hell, I LOVE the thing, so I really have no plans to buy anything ( ain't it nice NOT to have a car payment?)
It will be first things first.
Closed on a rental house we sold this week. Pay off our own home in the next 2-3 months. Pay off C5. Save a good down payment to hopefully offset the depreciation of the first few years of ownership.
Might actually, by that time, come across a "pre-owned" ZR1 or a 2nd or 3rd year addition. GM might have all the "bugs" worked out by then.
I'm not going to rush into these things.
Think....then act.
Thread Starter
Race Director
Joined: May 2007
Posts: 11,334
Likes: 136
From: Out of Site...Out of Mind. Corvette: anything else is just transportation.
St. Jude Donor '09 thru '20
Administrator
Joined: Mar 2001
Posts: 367,716
Likes: 24,676
From: In a parallel universe. Currently own 2014 Stingray Coupe.
C7 of the Year - Modified Finalist 2021
MO Events Coordinator
St. Jude Co-Organizer
St. Jude Donor '03 thru '25
NCM Sinkhole Donor
CI 5, 8 & 11 Veteran
Oh, I've had thoughts about buying one, but then reality sets in. My bank account and common sense just doesn't allow for a $100K car purchase.
Race Director
Joined: Apr 2007
Posts: 19,523
Likes: 522
From: Ideals are peaceful...History is violent...St.Charles, MO.
2020 Corvette of the Year Finalist (appearance mods)
C5 of Year Winner (appearance mods) 2019
St. Jude Donor '08-'09-'12 thru'22
I owned a C4 ZR-1 and became familiar real quick on the expense
of any engine problems.I'd like to see the estimated maintenance
costs of this exclusive vehicle before I'd even consider it and then
the sticker would have to be more within my budget.
I'd be more content in the long run with a C6 Z06 and keeping
my modded C5 as a bonus.Surely,maintenance costs will be
far lower than the prestige of a ZR1.I'd hate to find out
what body repairs cost for a ZR1 with all that carbon fiber!!!
of any engine problems.I'd like to see the estimated maintenance
costs of this exclusive vehicle before I'd even consider it and then
the sticker would have to be more within my budget.
I'd be more content in the long run with a C6 Z06 and keeping
my modded C5 as a bonus.Surely,maintenance costs will be
far lower than the prestige of a ZR1.I'd hate to find out
what body repairs cost for a ZR1 with all that carbon fiber!!!
Thread Starter
Race Director
Joined: May 2007
Posts: 11,334
Likes: 136
From: Out of Site...Out of Mind. Corvette: anything else is just transportation.
St. Jude Donor '09 thru '20
I owned a C4 ZR-1 and became familiar real quick on the expense
of any engine problems.I'd like to see the estimated maintenance
costs of this exclusive vehicle before I'd even consider it and then
the sticker would have to be more within my budget.
I'd be more content in the long run with a C6 Z06 and keeping
my modded C5 as a bonus.Surely,maintenance costs will be
far lower than the prestige of a ZR1.I'd hate to find out
what body repairs cost for a ZR1 with all that carbon fiber!!!
of any engine problems.I'd like to see the estimated maintenance
costs of this exclusive vehicle before I'd even consider it and then
the sticker would have to be more within my budget.
I'd be more content in the long run with a C6 Z06 and keeping
my modded C5 as a bonus.Surely,maintenance costs will be
far lower than the prestige of a ZR1.I'd hate to find out
what body repairs cost for a ZR1 with all that carbon fiber!!!
Race Director
Joined: Dec 2002
Posts: 10,233
Likes: 21
From: Baltimore suburbs Maryland
Well of course this is up to you and you may see things differntly but going DEEP into an auto loan would scare me. I realize the mortgage would be paid off but wow, after working so hard for so long I think I'd get more enjoyment of living debt free not having to owe anybody.
No doubt the ZR-1 is an awesome car, if you really want one, wait a bit and get one used. Chances are there will be someone who can't afford it who bought it and has to unload it...
Pro
Joined: Oct 2004
Posts: 657
Likes: 4
From: Limestone TN
Race Director
Joined: Apr 2007
Posts: 19,523
Likes: 522
From: Ideals are peaceful...History is violent...St.Charles, MO.
2020 Corvette of the Year Finalist (appearance mods)
C5 of Year Winner (appearance mods) 2019
St. Jude Donor '08-'09-'12 thru'22
Thread Starter
Race Director
Joined: May 2007
Posts: 11,334
Likes: 136
From: Out of Site...Out of Mind. Corvette: anything else is just transportation.
St. Jude Donor '09 thru '20
Might go the cheeper path and get the CALLAWAY POWER GROUP 2 & 3 added to the C5.
