Ok I need some help and opinions! I have been toying with the idea of moving up to a C7. The problem is the C5 is payed for and I like the style of the car, but the car is 16 years old with about 33000 miles (still a very nice car). The C7, I drool over every time I see one. I think I need someone to talk me into or out of the problem. Both cars are what I call "disposable income" so neither one is "necessary". I know that financially it makes more sense to keep the C5 but life is too short not to do some things once in a while. Just a FYI it wouldn't kill us to get the C7 but it would put a dent in our savings. Pros and cons to each option welcome! HELP!! Thanks and ALL ideas and opinions are welcome!!

 

Sounds like you want a C7. Go for it.

 

You'll have to change your name if you go with the C7...

 

 

If you have to be "talked into" something it probably isn't the right thing to do.

 

 

Upgrade to a C6 Grand Sport - a great "compromise" between both choices

 

Have both. None of us are getting out of here alive! IMHO

 

Fortunately, neither my wife nor I really like the style of the C7 so for us it's not an issue.
However, it appears you like the styling of the C7. I notice you mentioned you like the looks of the C7 every time you see one. Have you driven one? That may be a significant part of your answer. Driving one to see the difference between it and your C5 should be part of your decision making equation. You may drive the C7 and find it's better than you ever imagined. You may drive the C7 and find it's not that big a deal. I'm sure the C7 will probably be a little quicker and faster than your C5, but unless you are really tracking it, that may not be the ultimate. I'm sure any C5 is quick and fast enough to gather many speeding tickets if you keep your right foot hard on the gas pedal.
And you have a C5 with only 33,000 miles. If you've had it very long, you know already what has been replaced/repaired and what should still last you for many years. Unless you buy a new C7 with warranty, you are still venturing a little into the unknown as to the overall reliability of the car.
Best wishes with your decision.

 

well my sage advice is freaking buy it before you die.....ok now that i have that out of my system.....the sensible side of me says dont dig into savings 100% to buy it....save and when you have at least half of what you need to buy it then buy it. my last corvette purchase cost me nothing, I sold my DD mustang and one of my old cars an MG TD so it was a no cash out experience and i actually had cash left over. so the boss couldnt complain about me car swapping 2 for 1 and i threw her some cash from the deal. so start selling what ever you dont need (its a good way to get rid of stuff for a purpose) and start squirreling away some cash and when you are close to half way there....put your 02 up for sale you should easily get $16k to $19k for it maybe even a buck or two higher if its high optioned and the right guy comes along, then with cash in hand you are the golden buyer......cash is king

I think we all float into this territory .....for the last 34 years I have told my wife she will know when I put i my retirement papers because I will come home in a new red corvette convertible.... I think hitting savings 100% to buy a "disposable income" car is probably not the way to go

 

Buy it!

 

I think you haven't driven the C5 enough if you are keeping it and buying C7, if selling the C5 then go for it.

If keeping the C5 and getting C7, you will probably not drive the C5 (it's already barely being driven) and what's the point of having it if you don't drive it?

You average 2062.5 per year, 39.66 miles a week, if I did my math correctly.

You need to drive this car more before buying another Corvette, or sell it if getting C7.

 

If its in budget, you can get the C7 and keep the C5.
I had planned on using the 5 as trade, but was seriously insulted on the trade value, so I kept it.)

A few good/bad points, in no particular order:
Some days, my first world problem is "which vette do I drive?" And its often a tough choice.
Your 5 is paid for, and I'd bet it still has many things you like about it, and still has lots of life/miles left in it.
You can mod the 5 at your leisure, and it it takes a couple days, so what - you have another vette to drive.
You'll always have a vette of some flavor to drive. (I have a single width driveway - depending on who gets home first, either the 5 or 7 is blocked in by the GFs van. Rather than play musical cars and be late to work, I just drive the one that not blocked.)

As others have said, the 5 is plenty fast enough to get you in trouble, quickly, and the 7 will get you there that much faster.
The tech differences and creature comforts between the two cars are huge. (my 01 is a no frills base, the 14 is a 2LT)
The C5 has much better outward visibility.
Some C5 parts repair parts are getting hard to find, or are pricey.
Given you are in NE....Presuming you have A/S tires on your 5, it will handle better when the temps start to fall.
The OEM tires on the 7 are not happy below 45 deg or so - so you can have a cool/cold weather vette (the 5) and a warm weather vette (the 7)
.

 

 

 

Say what?
I've had both the C-5 and the C-7 for several years. I drive them both. I drove my C-65today and my C-7 yesterday.

 

those do look nice......now you have me drooling too
its sold but looks sweet
http://www.rogerscorvette.com/spots/jan17/spot.htm

 

As stated, drive the C7. Me personally, I like the looks of the C7 from the outside. The view of the hood from the inside isn't as nice. I like the looks of the C5 from both perspectives. I think the curves of the hood of a C5 are sexy.

 

, especially when it is from people you may not know for the most part and who really have no stake in whatever decision you make. Take your wife to a test drive of the C7 - then decide whether you both like the car and whether or not it is something worth putting that dent in your savings.

 

denting the savings is easy...inflating it is the hard part...