Demographics
Burning Brakes
Joined: Jul 2004
Posts: 1,041
Likes: 555
From: Western NYS
2022 C7 of the Year Finalist - Modified
2018 C7 of Year Finalist
I've never had a new Corvette, but all of them have had very low mileage when purchased. I'm not sure I'll ever own a brand new one given what you can save with depreciation on a low mileage one, but understand the appeal of a new car.
C5 @ age 24 (2001 model in the year 2004)
C6 @ age 31 (2005 model in the year 2012)
C7 @ age 36 (2015 model in the year 2018)
C5 @ age 24 (2001 model in the year 2004)
C6 @ age 31 (2005 model in the year 2012)
C7 @ age 36 (2015 model in the year 2018)
Le Mans Master
Joined: May 2000
Posts: 8,729
Likes: 1,508
From: Redmond WA
I've never had a new Corvette, but all of them have had very low mileage when purchased. I'm not sure I'll ever own a brand new one given what you can save with depreciation on a low mileage one, but understand the appeal of a new car.
C5 @ age 24 (2001 model in the year 2004)
C6 @ age 31 (2005 model in the year 2012)
C7 @ age 36 (2015 model in the year 2018)
C5 @ age 24 (2001 model in the year 2004)
C6 @ age 31 (2005 model in the year 2012)
C7 @ age 36 (2015 model in the year 2018)
I saved a ton and it gently treated with low miles, effectively a new car.
My best deal ever was the flagship BMW V12 tank. Back in the 90s it was $110K new and I picked one up that was 14 months old for $54K, literally less than half.
There is a HUGE price premium to being the first on the block. Although I did for the C7Z because there was no alternative and it was revolutionary compared to the C6, I always tried to buy certified pre-owned.
Sounds like you're well on you way to financial success!
PS: These ads (and the more graphic variants) are fake but convey the basic idea!
Last edited by davepl; May 7, 2018 at 12:44 PM.
Safety Car
Joined: Feb 2016
Posts: 4,980
Likes: 3,826
From: Bainbridge Island WA
The question is about averages. it's not about you or your age or how old you were or are or how many corvettes you have had. Those are not responsive answers. And if you are going to cite an average, whether it is median or mean, please tell us the source of your figure.
Melting Slicks
Joined: Oct 2016
Posts: 2,873
Likes: 2,505
The question is about averages. it's not about you or your age or how old you were or are or how many corvettes you have had. Those are not responsive answers. And if you are going to cite an average, whether it is median or mean, please tell us the source of your figure.
You can google this topic and will have some interesting articles to read. In the dealership business we also tracked this information for our own internal use. We could look for the media reaching our target market age wise and invest our advertising dollars more wisely. We also could stock merchandise in different categories keeping this information in mind. There is a very large industry within the automobile business dedicated to this very topic.
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Thread Starter
Advanced
Joined: Apr 2018
Posts: 55
Likes: 17
From: Chicago
yeah, that’s my trepidation. I grew up during the crash of 2008 and I saw my father who was a succeful business owner become worried about paying bills for the first time because he was over extended in his loans and work slowed down. It was a great lesson for me and I haven’t taken any equity lines of credit out on my house because of it like he had. But still, even though I have enough positive equity in my house to pay off the house and all other debt (student loans) when I sell it, I still feel a hint of guilt buying this car. I know the money could be put to better use buying a rental property or something. But at the same time YOLO!
Le Mans Master
Joined: Jan 2006
Posts: 6,800
Likes: 2,653
From: Down south in Dixie
And that's where the poll will get skewed. I was 29 when I bought my first Corvette. I'm now 64, and haven't been without a Corvette since my first. So a poll would only be relative to the time it's taken.
Last edited by Rebel Yell; May 7, 2018 at 04:13 PM.
Instructor
Joined: Apr 2009
Posts: 114
Likes: 20
From: Dallas Texas
I bought my first Corvette used from a dealer at 26. Then sold it for a 4 seater at my wife's request after my daughter was born (2SS 2011 Camaro).
Wife knew I missed the vette so I convinced her that we didnt need 2 4 seater cars especially since hers is a SUV.
When the 2017 C7 GS came out I could not take my eyes off of it and pulled the trigger. My wife and daughter fell in love with it too.
Wife knew I missed the vette so I convinced her that we didnt need 2 4 seater cars especially since hers is a SUV.
When the 2017 C7 GS came out I could not take my eyes off of it and pulled the trigger. My wife and daughter fell in love with it too.
Last edited by The_Chief; May 8, 2018 at 12:01 AM.
Team Owner
Joined: Sep 2010
Posts: 32,042
Likes: 4,610
Nice for me to be hanging with young pups then.
IIRC, "median age" throws out the low percentage of very young and very old new C7 buyers then, right?
Great to also be hanging out with the young guys in their early 60s too.
IIRC, "median age" throws out the low percentage of very young and very old new C7 buyers then, right?
Great to also be hanging out with the young guys in their early 60s too.
Safety Car
Joined: Mar 2018
Posts: 4,754
Likes: 1,650
A median constitutes the middle value of an ordered set of values.
Example: 20, 30, 45, 66, 80. The median here is 45. The values are "ordered" in that they have been prearranged sequentially, from low to high, before the median is determined.
Team Owner
Joined: Sep 2010
Posts: 32,042
Likes: 4,610
Median, constitutes the middle. Which identifies exactly that - the middle. It throws out all higher and lower numbers. Duh!!! ^^^^ So, in effect, it is in fact, the averaging of all ages.
61....damm, if that's accurate it's getting right up there.
It really hits home, the C7 is in fact, an old person/s car.
.
61....damm, if that's accurate it's getting right up there.
It really hits home, the C7 is in fact, an old person/s car.
.
Last edited by Skid Row Joe; May 8, 2018 at 04:12 AM. Reason: additional information - aged owners
Team Owner
Joined: Aug 2004
Posts: 24,129
Likes: 1,038
From: The Beautiful Pacific Northwest
St. Jude Donor '05-'06-'07-'08-'09, '14-'15-'16-'17-'18
Apparently, many guys enjoy sharing and comparing facts about how old they were when they got their first Corvette. Who are you to tell them they can't?
Last edited by ExRedRacer; May 8, 2018 at 08:38 AM.
Melting Slicks
Joined: Jul 2004
Posts: 2,216
Likes: 285
From: Ten Mile TN
I was Active Duty Navy and 24 when I bought my first Corvette, a 1980. This was in 1987, I was a married E-5. I have owned at least one corvette ever since. Many times I had two.
2014 was my first new Corvette. Not because I could not have bought one new before then. More because I did not love the C5 or C6 enough to spend that kind of money. I have had 7 different C3's.
I'm on my Second new C7 at 55 years old.
2014 was my first new Corvette. Not because I could not have bought one new before then. More because I did not love the C5 or C6 enough to spend that kind of money. I have had 7 different C3's.
I'm on my Second new C7 at 55 years old.
Le Mans Master
Joined: May 2000
Posts: 8,729
Likes: 1,508
From: Redmond WA
Thread Starter
Advanced
Joined: Apr 2018
Posts: 55
Likes: 17
From: Chicago
the median age is actually more relavent than the average. Averages are influenced too greatly by outliers. For example, if we took the average income of everyone in this thread and one of the guys in this thread is bill gates. Our average income would be in the hundreds of millions. The median income would still be in the hundreds of thousand despite Mr. Gates and thus would be more representative.
Le Mans Master
Joined: May 2000
Posts: 8,729
Likes: 1,508
From: Redmond WA
the median age is actually more relavent than the average. Averages are influenced too greatly by outliers. For example, if we took the average income of everyone in this thread and one of the guys in this thread is bill gates. Our average income would be in the hundreds of millions. The median income would still be in the hundreds of thousand despite Mr. Gates and thus would be more representative.
Last edited by davepl; May 8, 2018 at 10:32 AM.