fake

Considering placing money in the stock market or buying a new Vette. Well in 1992 placed money in bonds the $40,000 the vett cost is worth now close to $95.000. In 1993 i ordered a new vett and now it is worth maybe $10.000 plus do not forget the insurance ,taxes etc add $15,000. Sounds like a loss. Lets lease the new one and let the dealer have the head aches and future problems. So if you have money to burn buy a new or used one or just lease it and drive it like you stole it.

PeteC7

Market (bonds and stocks) are at all time highs so over the next 5-10 years I bet both could depreciate about the same. You could limit your downside on the vette some by buying used but there are some good deals out there on the new ones. Personally I would do the savings thing until I could buy a vette as opposed to taking on debt to do it.

I definitely would avoid getting fleeced on a lease. Dealers love them because you pay the initial "drive off the lot depreciation", they get the benefit of the mfg warranty, it guarantees them a low mile used car return they can resell at a high margin (your limited how many miles you can put on the car), and you have to pay for any extra wear and tear you put on the car which can be subjective.

fourmat

How old are you? How long will you leave money in the market?
Short term investing (less than 10 years) may not yield what you have seen before
But that said a vette is a depreciating asset like any new car. Maybe buy used and put half in the market best of both worlds.

dvilin

Just happy as hell I do not have to go through all those justification, analysis type studies when I want to buy a Corvette or something as simple as a new set of golf clubs
Work, save, invest, and enjoy. Do not engage in paralysis analysis.

Corgidog1

The lease rates on the vette have been historically very poor. I am a big proponent of leasing for my daily drivers, but for my vette, pride of ownership is priceless.

Even if you decide to lease, you still are faced with the same decision-get a vette or invest- the only difference is you would invest doing dollar cost averaging with your lease payment over the length of the lease by putting in the lease amount into the investment monthly instead of paying the lease amount for the vette.

Your call but remember getting a new car is done for enjoyment not personal gain.

JerryU

Did that and now just follow the Nike Motto!

Jeffthunbird

A new car is never a good investment.
Not unless you bought a C2 and held on to it for 50 years!
Did anybody see Strange Inheritance last night? Great show. '67 big block time capsule sold over $600k!

zdr2k

6spdC6

"Market or Vette"


"
What’s wrong with doing both! I’m just a retired blue collar construction pipefitter and I have both. Now on my 7th

My last 4 new Vettes have been bought out of money made playing the market. Take nothing out of our normal household money to get the Vette and do my other hobby, guns and shooting!. I tend to invest in good dividend paying stocks and REITs. Been doing stocks for over 25 years now! OBTW at times having a cast iron stomach is very desirable.-

Hopper12

If your mind is constantly looking backwards thinking of 'could of/would of/should of', you'll never get the joy you deserve out of the present.

We never know how long we'll be on this good old mortal adventure. I know too many people who saved and waited so they could enjoy their later years, only to never get there.

Be prudent, but don't hesitate to enjoy hobbies that you really like. We're on our 2nd C7. Cost $$? Yes. Would we have more $ if we'd just left it in the market? Yes. But the smiles, memories, and enjoyment we've had together in our C7s = priceless.

383vett

Cars are not investments (for the most part). Can't put a price on happiness.

blueray16

Or, to follow your example, take the $55000 accrual out of your bond investment and apply toward a Vette purchase.

That leaves you with your original $40k AND a Vett

thill444

Do both. Buy a gently used one and save a lot of money vs new then invest the difference.

Cars are terrible investments and Corvette's will depreciate as bad or worse than most cars.

Leasing a Corvette really makes no sense to me based on rates I have seen.

Vet Interested

Go find a good financial advisor...not in a Corvette Forum!

direct007

Leave your money in the market and borrow at 2.14% to finance the car with little to no money down. At the rate the market is growing, it's like free money.

Mike1320

My situation is a variant of the OP's. My 2017 RMD (Required Minimum Distribution for those of you not old enough to be bothered with it) is sitting in savings until I finish my taxes. It's enough to pay off the loan on my Stingray. But with a 1.9% APR on the loan and the way the markets are looking, I'll keep making the payments and put the RMD in my investment account. Simple math overrides the emotional impulse to have a paid off car. Being rational is often productive but usually boring.

Snowwolfe

If you need to ask a bunch of strangers if you should buy a car or not then obviously you don't want the car that much.
Maybe go and develop a spread sheet to find out where you should eat dinner at the next time you dine out.

ONENATION

Life is short, go buy a Vette!!

ONENATION

Ouch

ojm

yOU only live once, the time I owned a Vette was a fun time. No other car like them.
I still remember as a kid seeing them and color they were.The rumble noise was like music to my ears.