Will falling stock market keep you from buying C7?
09-03-2015, 07:02 AM
#41
Race Director
I would not sell stocks in a fallen market to buy a C7 or anything else. That just cements the loss. But, I would not hesitate to make a purchase with discretionary money and/or take out a loan. 
09-03-2015, 10:18 AM
#43
Instructor
I'm about to receive my new C7 Z06 Vert. When ordering it a couple months ago I started moving money out of the stock market. Fortunate to have taken enough out to pay for the car before the recent market drop. Like others, I'll just wait out the eventual market return but since I recently retired I hope I live long enough to see it.
If the market had dropped before I ordered the new car I don't think I would have done it. I also would not have sold my C6 Z06.
If the market had dropped before I ordered the new car I don't think I would have done it. I also would not have sold my C6 Z06.
09-03-2015, 12:25 PM
#45
Le Mans Master
09-03-2015, 12:35 PM
#46
Team Owner
03-19-2020, 06:29 PM
#47
Of course financial advisors say don't worry they get paid whether you lose or profit.
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SonnyAK (03-19-2020)
03-19-2020, 07:09 PM
#50
Le Mans Master
Yes, old thread, but more relevant today than 2015... and it’s going to get a lot uglier 
Last edited by sTz; 03-19-2020 at 09:59 PM.
03-19-2020, 07:18 PM
#51
A friend of mine is a GM at local Chevy Dealer. They have ten preordered C8s coming in that buyers have put down deposits. Only three are taking delivery. The other seven have dropped out because of the market.
03-19-2020, 08:02 PM
#52
I would roast weenies in my back yard over a garbage fire before I gave up my Corvette......lol!!!!
03-19-2020, 08:19 PM
#53
Safety Car
03-19-2020, 08:42 PM
#55
Race Director
Member Since: Mar 2001
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My assets have never been in the Stock Market, thank you. 
03-20-2020, 02:53 AM
#57
Instructor
Nope
My C7 is already paid for so I don’t have to worry about making payments. The market was due for a correction and any crisis would have pushed it down. We are currently in a bear market, which occurs when people sell more than they buy. We are also likely in the beginning of a recession and may stay in one until the coronavirus outbreak subsides. As soon as there is some good news about a cure or control over new cases, watch the market recover - quickly. As some have said now is the time to look for bargains in the stock market. If you buy solid brands that are low and/or under valued, you stand to make a lot of money. Investment 101: what goes up must come down and vice versa.
03-20-2020, 09:51 AM
#58
Safety Car
Very happy with my 19 GS so no plans to sell. But if I did not have a vette, I have to admit the market would put a damper on buying one. From a logical perspective it should not bother me, as I have been thru corrections in the past. But from an emotional standpoint, it's just hard to make a large expenditure when our savings value is down so much. And I know it will bounce back, probably faster than average, but still . . .
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joemessman (03-20-2020)
03-20-2020, 10:16 AM
#59
Instructor
I just realized this thread was started during the last financial meltdown of 2008. I am no expert but this looks a lot bigger than the 2008 crisis due the abrupt halt of our economy. I wonder if we will bounce back quickly or over a longer period of time.