I am looking at buying an absolute mint 03 Z06 with 576 miles...yes under 1000 miles. It is perfect and I have seen it. Well the dealership will sell it to me for $43,900.00 out the door. Should I go pick it up Friday? It is so mint...Black/Black and Red interior. I am financing by the way. If I go with an 04, is GM offering any special financing rates? I just do not want to get the 03 if I can get an 04 in the same area.

Thanks

Wes
:grouphug:

 

Just so you know whats available. I just picked up an 04 with 2 miles on it for invoice at $46,710. I know its more than the one listed but also a year newer. For what its worth. Good luck in your decision. :cheers:

 

Thanks. Well if there is a dealer in Gerogia on this forum that REALLY wants my business on an 04 and can give me a comparable price, I am listening :party:

 

I would recommend posting this in C5's for sale/wanted. I believe if you email Monica Dean at Maxie Price (one of the forum dealers) she'll sell you an 04 Z06 at invoice. Good luck. :cheers:

 

Agree, call Monica at Maxie and compare.

Les

 

Check with Ken Fitchner in Montanna, he can work you a great deal and you can get Museum delivery option on it.

 

Well I emailed Monica so we will see what Maxie Price can do :auto:
Hey guys what is the invoice on an 04 Z06. I guess I could find that on Edmunds.com?

 

Am I correct in saying invoice on a 2004 Z06 is $45,137.00?

 

my 02.

buy the 03

It's the same car, minus the shock upgrade and I'm assuming "out the door" includes taxes. Even if you can find an 04 at invoice, you're going to have to pay taxes on it.

Not sure about the financing aspect. I got mine at 0% but I think those days are long gone. Rates are still very low. You shouldn't have any problems.

good luck! :)

David In Indy

 

I am not sure....tough decision. I am financing the entire car 100%. Payment will be $875/month for 60 months at 5.7%. Beacon score is somewhere around 720. I guess six cars in the garage scares the bank a little??? I was hoping for a better interest rate at least with such a great beacon.

 

Any other thoughts?

 

5.7 %...OUCH!

six cars?....uh-oh

this is starting to smell like compulsion.

Lets do the math

43.9k at 5.7% means that e-v-e-r-y-d-a-y from the point that you borrow, the interest rate at which you borrow is going to compound so even if you pay the car off in 12 months you will have paid

46.40

...in 2 years
49.04

....in 3 years
51.84

....in 4 years
54.79

....in 5 years
57.92.... So, if you take this loan to full term, you will have paid a wopping 58 grand for a car that will only be worth 25-28k by the time it's paid off...and don't count on any tax breaks or sheltors.

The debt interest rate on my house is 4.5%, my car is 0%, my credit card is 0%, I'm getting a 45% return off of my money this year and my fico score is only slightly better than yours...This is how you leverage your capital, this is how banks leverage capital...something's up.

You obviously pay your bills on time or you wouldn't have such an outstanding credit score but, If you cannot get a better interest rate, walk away or at least sell some of your other cars first because in my opinion, this is not a good financial decision.

I love Corvettes, they're great automobiles but, make no mistake ...these cars are expensive. Are you sure you can afford it ? I waited a long time to buy mine because a car like this needs 93-94 octane gasoline, the motor runs most efficiently on a track, not the street, it also needs to be kept out of sight, like in a closed garage...etc..etc...my point being that it's not cheap. Sport cars also need a lot of maintainence..I change my oil 2-3 times a year. Tires don't last long...when you lower/race your car, it has to be aligned every 3-6- months...etc..etc..

You want to finance a car like this when YOU are getting 5.7% off of your money and can leverage GM at a low interest rate, not the other way around.

I am just trying to help and do not mean to insult you in anyway. I sincerely want everything to work out for you.

please stay in touch..

David




[Modified by ledfoot, 4:05 AM 11/28/2003]

 

Hi Wes1927 -

I sent you an IM. :thumbs:

best regards -

mqqn

 

thats an awesome deal on the 03, i would jump on it

 

WOOHOO!!! I got the 03!!! I am so thrilled with this car...can you tell? :party: I was blowing everything off the road yesterday :) I believe I made one Mustang driver feel like he was driving a suped up Escort :lol:
Anyway I got the rate down to 3.9% for 36 months and also decided to pay half cash up front. The dealership came off another $3K :party:
Life is good :cheers:

 

Glad you picked up the Z03!!!!!
Do you have a pic of it!!!!!!!!!

 

I agree with Ledfoot.

Here is my experience. I too bought my Z06 totally financed and the monthly note was not a bear but I had to alter my lifestyle some. So maybe you should look at selling some cars. Now I have sold my Z06 because I'm leaving the Army and want to save up some money for my transition to a civilian career. But if I had purchased a used vette that was for sale at the time I bought my Z06 I'd still be in vette right now. Go look at some used 02 coupes, I bet you could find some for less than 30K! If you have the ability to spend over 800 a month on a Z06 note then you have the income to modify the coupe. Except under the most extreme racing conditions a coupe can be equal to a Z06, add the Z06 suspension, 3.90 rear gears, a Cartek stage 1 engine package and you'll be happy with a smaller note, I promise.

 

Compulsion?

6 cars are only a good start....

I have an 02 EB ZO6 and the payments do hurt - but not as much as the insurance on 8 cars.....

I wish I had gotten such a good deal - but I was happy with my deal at the time (Sep 01) and I still love the car.

I was able to get USAA to lower my interest rate (a lot) after being in the car 12 months - called the "loan retention program" or some such.

:flag