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I am a 26 year old single dude and I want to buy a C7, BAD. I have always loved these cars all the way back to the c5 when I was a kid. Everyone is telling me that this would be the stupidest thing I have ever done but I think they are just haters?
I cant afford to keep 2 cars so I would make this my daily. I have no kids and have zero obligations of that nature. To get the car, I would need to finance at least about 13K of the price. I make about 70k at my job and the mortgage payment is 2138 a month. I collect rental income of 2,200 a month off of the extra rooms. I can use 10k in cash and 10k from the sale of my current car to fund the corvette.
My target price is a bit lower than the going price right now. I really do not think this is doable past 38k. I have seen some 2014 in other states go for about this range with 40k miles or so, and honestly, I am fine with more miles. Every car I have ever bought has been 70k or more miles.
1.)My first question is, is this doable in my current situation? Everyone is saying to buy more real estate but I don't want to buy more property with the market being so INSANELY high right now.
2.)How long do you think it will be until I see some 2014's in the 38k range?
3.) I would drive this car in the rain or wind or whatever, almost every day? Is this car not designed for that?
1. I agree
2. I found a new 16 for 43.5K with bonus tag, gm card discount etc, so that should be possible. Check Kerbeck, Macmulkin, etc best deals are usually in the winter. May take a little while for inventory to build back after plant shutdown.
3. Just got back from spring mountain where they demonstrated the weather driving mode on the wet skidpad. Would not be scared to drive in the rain as long as it doesn't flood.
I'm not much older than you with no kids and I drive my C7 everyday 40 miles to work both ways. I do have an SUV, but I only drive it if it's necessary since it makes me sleepy having to drive it. The only time you'll need a large car is if you buy a lot of stuff and and can't carry it in the C7.
I drive my 2014 Stingray every day, rain or shine and it does just fine, even when caught in some of the torrential downpours that we get here in Houston. I purchased it new in October 2013 and it now has 65K miles on it. It has been a reliable car that is also fun to drive. Another benefit, because it’s a Chevy, maintenance is easy and not outrageously expensive (not counting tires). Definitely better than some boring commuter ride.
There are only two items to watch are:
1. Tires, especially if you live where it is cold in the winder, the original Michelin tires are not recommended for cold weather operation and as the 2014 Owner’s Manual points out these tires are not suitable for use at temperatures below 40 degrees F.
2. Ground clearance, the nose is low and easy to scrape, so you have to pay attention to driveways, parking lots and other locations where there might be something that could cause interference with the nose. There is also a flexible air deflector under the front that may rub when going over grade transitions or speed bumps. Overall, this has not been a problem for me, but Houston is relatively flat. When I travel to Austin, I have to be more observant, especially when turning off of a public road in to a parking lot.
Im 25 and all my friends said the same thing. But I love cars and always wanted a Vette. I figured better to make poor money/investment decisions now than later in life when I have other obligations (kids, wife, etc.). YOLO! I got my 2016 Z06 3LZ Z07 4 months ago and every single naysayer is now in awe and understand now. I can sell the car in 5 years and take small loss of about 2-3k a year when I resell it. To me 2-3k a year is worth it for a car like this - my dream car! This car is far more enjoyable to me than just a $ number in my bank account! Do what makes you happy and ignore the naysayers!
The vette is THE best daily driver sports car in my opinion and CHEAP to maintain and repair compared to any competition.. The different driving modes really make this car the best of every world - its like no other car out there especially at its price
1.) YES DO IT.
2.) Im sure you can find some in the low 40s right now that have great options
3.) This car even has a "Weather" mode that changes throttle response, handling, etc. Its designed to work under any situation
Been daily driving great cars since I was 19.... I'm now 76.
I have more than 700,000 miles in Corvettes as daily drivers..... more than 300K miles in Porsches. Today I split the daily driver duties between the C7 and a 29-year-old Ferrari...
Used to live in Seattle... bought my last C4 from Ron Tokin in Portland...
I've been driving my 2017 GS as my daily and it is my only car (my wife has a Terrain), a perfectly comfortable ride, although we don't have to contend with many potholes or steep inclines here in Florida. Florida weather is plenty rainy, so on weather mode the car does fine; I was driving through some standing water trails this morning in a downpour, and while there was a bit of hydroplaning, the car stayed pretty stable.
Not sure of your 20 but to me, parking situations would be the biggest concern. The driving park is great but if you are having to park in the wild and work or home or both, ahh could cause some stress. All this unless you're in the northeast then all bets off.
What are your guy's opinion of financing cars? I've always been of the belief of only paying cash for cars, which I have always done. But for me to do this I would need to carry a decent loan, around 14 to 18k on a loan which is about 260 to 320 a month payment....
My insurance also DOUBLES when getting this car unless I put shitty *** 2k deductibles on ******* everything.
I really want this car but the finances is SUCH A TURN OFF. How do you guys afford these?
I am making 70k and I will not have a mortgage payment after I rent this last room out.
Probably gonna find a solid mix. Mine is almost fully financed. Otherwise I’d never get it. I’d KILLLLLL for a 300ish car payment. LOL. ugh.
Credit unions have some great rates and long financing. Get it for 4-6 years, low interest and pay over. And if you come to a time when you need a few extra bucks...then pay min amount.
Being in the NW, maybe get a set of all season tires. The summer tires are ‘ok’ still around 40-50F but will begin to slip.
Bought mine in Oct of '16. Best choice i ever made as a DD. Love this car! Im 27 in the northeast and drove through a light winter on All Weathers, literally no problem. Its hard to argue a car that makes you smile ear to ear every time you see it. DO IT!!!
10-20-2017, 06:31 PM
C7 as Daily?
