Getting ready for my first C7
06-27-2018, 11:51 PM
#21
Burning Brakes
Sam are you shopping for a deal or shopping for a car? If it is the car you want what are you prepared to spend to get it? I haven’t seen any mention of a down payment. The more you put down, the less there is to finance. The size of that amount along with your credit score will determine how much the loan will ultimately cost.
In your initial post you said you aren’t in a rush, that gives you more time to add to your down payment and gives you more time to do the necessary homework to make a good decision. If it is the car you want then throw depreciation out the window as depreciation is a fact of life when you buy any car. If you’re looking for a deal, when it comes to new Corvette’s, I think a pretty clear picture has been painted for you.
It’s good you’re looking for answers, but when you answer the first two questions I posed, for yourself, things will become a lot clearer. Good luck with your search and decision.
In your initial post you said you aren’t in a rush, that gives you more time to add to your down payment and gives you more time to do the necessary homework to make a good decision. If it is the car you want then throw depreciation out the window as depreciation is a fact of life when you buy any car. If you’re looking for a deal, when it comes to new Corvette’s, I think a pretty clear picture has been painted for you.
It’s good you’re looking for answers, but when you answer the first two questions I posed, for yourself, things will become a lot clearer. Good luck with your search and decision.
The following 2 users liked this post by Silver C7:
Judgment Day (06-28-2018),
Sam_ha (06-28-2018)
06-28-2018, 12:14 AM
#22
Advanced
Thread Starter
Sam are you shopping for a deal or shopping for a car? If it is the car you want what are you prepared to spend to get it? I haven’t seen any mention of a down payment. The more you put down, the less there is to finance. The size of that amount along with your credit score will determine how much the loan will ultimately cost.
In your initial post you said you aren’t in a rush, that gives you more time to add to your down payment and gives you more time to do the necessary homework to make a good decision. If it is the car you want then throw depreciation out the window as depreciation is a fact of life when you buy any car. If you’re looking for a deal, when it comes to new Corvette’s, I think a pretty clear picture has been painted for you.
It’s good you’re looking for answers, but when you answer the first two questions I posed, for yourself, things will become a lot clearer. Good luck with your search and decision.
In your initial post you said you aren’t in a rush, that gives you more time to add to your down payment and gives you more time to do the necessary homework to make a good decision. If it is the car you want then throw depreciation out the window as depreciation is a fact of life when you buy any car. If you’re looking for a deal, when it comes to new Corvette’s, I think a pretty clear picture has been painted for you.
It’s good you’re looking for answers, but when you answer the first two questions I posed, for yourself, things will become a lot clearer. Good luck with your search and decision.
I am also not prepared for that yet. Not that I do not have the down payment, just because my Mustang lease will end in next February and I do not need two cars at the same time.
However, if meanwhile I see a crazy killer deal in these coming few months I will jump on that and put my Mustang in Swapalease.com.
06-28-2018, 08:25 AM
#23
Team Owner
I don't know if California has a personal property tax.
Last edited by JoesC5; 06-28-2018 at 08:38 AM.
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Sam_ha (06-28-2018)
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Sam_ha (06-28-2018)
06-28-2018, 11:43 AM
#25
Burning Brakes
Thank you very much for the advise. To be honest I am shopping more for a deal.
I am also not prepared for that yet. Not that I do not have the down payment, just because my Mustang lease will end in next February and I do not need two cars at the same time.
However, if meanwhile I see a crazy killer deal in these coming few months I will jump on that and put my Mustang in Swapalease.com.
I am also not prepared for that yet. Not that I do not have the down payment, just because my Mustang lease will end in next February and I do not need two cars at the same time.
However, if meanwhile I see a crazy killer deal in these coming few months I will jump on that and put my Mustang in Swapalease.com.
06-28-2018, 11:47 PM
#27
Advanced
Thread Starter
How do you guys find such amazing dealers! I will get more serious in winter and hopefully find a dealer that can do the same for me.
06-28-2018, 11:49 PM
#28
Advanced
Thread Starter
06-29-2018, 01:28 AM
#29
You will always get your best deal paying cash for a new Corvette. ALL of my new Corvettes are paid for in cash.
Your best financial terms are done through GM. Go see what you qualify for. Any Chevrolet dealer near you can also get you a good deal. You should be prepared to pay the taxes on the car too. Again, your nearest Chevrolet dealer will help you figure that out too.
Your best financial terms are done through GM. Go see what you qualify for. Any Chevrolet dealer near you can also get you a good deal. You should be prepared to pay the taxes on the car too. Again, your nearest Chevrolet dealer will help you figure that out too.
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Sam_ha (06-29-2018)
06-29-2018, 02:35 AM
#30
Tech Contributor
No property tax on cars in CA. Instead, we have to pay sales tax on the full purchase price, regardless of down payment or trade in. Was always nice when I lived in MO...buy a car for $50k, trade in one for $25k, and only pay sales tax on the remaining $25k.
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Sam_ha (06-29-2018)
06-29-2018, 03:27 AM
#31
Advanced
Thread Starter
Well, CA is not the best place for tax!
06-29-2018, 03:07 PM
#32
Many people have been known to register/title their vehicles out-of-State, if paying the sales tax (CA) to you is a deal breaker. Oregon, for example, has no sales tax when registering and getting your first license plates.
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Sam_ha (06-29-2018)
06-29-2018, 04:16 PM
#33
Advanced
Thread Starter
Would you please share more information about that?
I did a quick google search and people saying your insurance and registration usually should be same state and match your driver license. They said insurance companies usually do not accept that.
06-29-2018, 05:31 PM
#34
Le Mans Master
When you approach a dealer to purchase a car, they try to find out how you are going to pay for it. Quite often the first words out of salesman's mouth are "what kind of payments are you hoping to get". In almost every case. they want you to finance it through them. I recommend being non committal to their inquiries. Inform them you haven't decided on financing and you first want to establish a price, then discuss financing. Don't commit.
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Sam_ha (06-30-2018)
06-29-2018, 05:54 PM
#35
Team Owner
When you approach a dealer to purchase a car, they try to find out how you are going to pay for it. Quite often the first words out of salesman's mouth are "what kind of payments are you hoping to get". In almost every case. they want you to finance it through them. I recommend being non committal to their inquiries. Inform them you haven't decided on financing and you first want to establish a price, then discuss financing. Don't commit.
06-29-2018, 06:02 PM
#36
Really? I did not know about that.
Would you please share more information about that?
I did a quick google search and people saying your insurance and registration usually should be same state and match your driver license. They said insurance companies usually do not accept that.
Would you please share more information about that?
I did a quick google search and people saying your insurance and registration usually should be same state and match your driver license. They said insurance companies usually do not accept that.
You can also do a State of Montana LLC, for a few hundred bucks, and do the same from CA or any State. Save thou$ands by doing so.
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Sam_ha (06-30-2018)
06-29-2018, 06:06 PM
#37
When you approach a dealer to purchase a car, they try to find out how you are going to pay for it. Quite often the first words out of salesman's mouth are "what kind of payments are you hoping to get". In almost every case. they want you to finance it through them. I recommend being non committal to their inquiries. Inform them you haven't decided on financing and you first want to establish a price, then discuss financing. Don't commit.
06-29-2018, 06:35 PM
#38
Race Director
You will always get your best deal paying cash for a new Corvette. ALL of my new Corvettes are paid for in cash.
Your best financial terms are done through GM. Go see what you qualify for. Any Chevrolet dealer near you can also get you a good deal. You should be prepared to pay the taxes on the car too. Again, your nearest Chevrolet dealer will help you figure that out too.
Your best financial terms are done through GM. Go see what you qualify for. Any Chevrolet dealer near you can also get you a good deal. You should be prepared to pay the taxes on the car too. Again, your nearest Chevrolet dealer will help you figure that out too.
In addition, a purchaser can typically make a higher return by investing his/her cash than what they will save in interest by paying cash for their C7.
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Sam_ha (06-30-2018)
06-29-2018, 07:01 PM
#39
Thank you very much for the advise. To be honest I am shopping more for a deal.
I am also not prepared for that yet. Not that I do not have the down payment, just because my Mustang lease will end in next February and I do not need two cars at the same time.
However, if meanwhile I see a crazy killer deal in these coming few months I will jump on that and put my Mustang in Swapalease.com.
I am also not prepared for that yet. Not that I do not have the down payment, just because my Mustang lease will end in next February and I do not need two cars at the same time.
However, if meanwhile I see a crazy killer deal in these coming few months I will jump on that and put my Mustang in Swapalease.com.
The following users liked this post:
Sam_ha (06-30-2018)
06-30-2018, 02:46 AM
#40
Advanced
Thread Starter
The only concern that I have right now is the future price of C7 when mid engine comes. That is a big question mark for me ...
Regarding Swapalease I should say that I do not have any experience doing that. I am also member of another forum called "leasehackr.com" and once a while see people doing that.