Questions about Z06 purchase
#1
Instructor
Thread Starter
Questions about Z06 purchase
A couple of questions I have from a buyer stand point - I would like to rent one to see what I think but I cannot seem to find a Z06 for rent just a Z51. How much of a difference between the 2 am I looking at? I guess the dealer would have a used z51 to test drive but am I getting all the feels of a z06 in the z51?
My thought was doing lease with buyout option at the end - any foresight on seeing this to be a problem later on after my lease ends?
I am in Atlanta and would like if someone is able/available to give me a in depth tour of their z06 and a ride around, I would enjoy that - ill pay.
Thanks
My thought was doing lease with buyout option at the end - any foresight on seeing this to be a problem later on after my lease ends?
I am in Atlanta and would like if someone is able/available to give me a in depth tour of their z06 and a ride around, I would enjoy that - ill pay.
Thanks
#3
Tech Contributor
Member Since: Oct 1999
Location: Charlotte, NC (formerly Endicott, NY)
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A lot of this depends on your previous driving experience and how powerful the cars you have driven previously have been. What I mean by how powerful I mean how much torque do they provide in the 1000 to 2500 rpm range. A Z51 will give you the overall experience from a street driving standpoint. It will have more torque in those low ranges than most any street car has total. However, the Z06 has over 100 lb-ft more torque than the Z51 in the same regions and the Z51 won't be able to demonstrate to you the large low end torque advantage the Z06 has.
From a manual transmission standpoint both cars are easily capable of driving around in 4th gear at 25 mph and accelerating hard with just a push of the gas pedal. The Z06 just does it much more forcefully. Running in the first 3 gears is a little different as the Z51 is geared down from the Z06 through those first 3 gears which helps compensate for the torque deficiency. Be advised though when driving in lower gears the Z06 can get inexperienced drivers into trouble since they aren't used to things happening, NOW and can easily get behind the car.
Bill
From a manual transmission standpoint both cars are easily capable of driving around in 4th gear at 25 mph and accelerating hard with just a push of the gas pedal. The Z06 just does it much more forcefully. Running in the first 3 gears is a little different as the Z51 is geared down from the Z06 through those first 3 gears which helps compensate for the torque deficiency. Be advised though when driving in lower gears the Z06 can get inexperienced drivers into trouble since they aren't used to things happening, NOW and can easily get behind the car.
Bill
#4
Le Mans Master
Z51, rolling hard into the gas from idle: "Wow, this is impressive acceleration"
Z06, rolling hard into the gas from idle: "Why is the world coming to an end? Why is this car sideways? And what is that beautiful sound?"
The Z06 makes close to 600 ftlbs at 2000 rpm. The Z51 is closer to 375 at that point, so the difference is even greater, I think, than what Bill calls out.
By peak horsepower they're within 200hp of each other but it's the mid-throttle RPM range where the real difference lies.
But the Z51 is still a fine car. Just completely different.
Z06, rolling hard into the gas from idle: "Why is the world coming to an end? Why is this car sideways? And what is that beautiful sound?"
The Z06 makes close to 600 ftlbs at 2000 rpm. The Z51 is closer to 375 at that point, so the difference is even greater, I think, than what Bill calls out.
By peak horsepower they're within 200hp of each other but it's the mid-throttle RPM range where the real difference lies.
But the Z51 is still a fine car. Just completely different.
#5
Racer
You could always sign up for the Spring Mountain Resorts 2 Day Z06 Performance driving school and get 2 Days of real world experience. (~250 miles of driving) You would know 100% by day two if it's for you.
Cost ~$3800 and some of the best money spent imho.
Cost ~$3800 and some of the best money spent imho.
#6
Race Director
OP either car you buy, look at the Penfed auto payment saver loan. 3yrs. Like Lease but with the perks of ownership. Cost 13 bucks to join and service is spectacular.
1.74% loan. The balloon in 3 yrs. Allows you to do multiple things.
1. If car is great and u r happy, refinance or buy outright (through pen fed their longest used loan is maybe 3%).
2. U don't like it or want new? Trade it in take advantage of the 60k plus in tax credit.u own it (leasing you don't have that advantage).
3. Refinance keep it another year or two whatever and change then.
the residual on Leasing is very good which equates to bad for purchasing. Meaning you'll pay large monthly payments and STILL owe alot at end if lease.
the payment saver option. Is same payments but what you owe on backside will be less as they umder value our cars after 3yrs. For example a 3yr old Z06 buyout is 49k. Yeah. And a lease buyout is around 60 to 65k.
1.74% loan. The balloon in 3 yrs. Allows you to do multiple things.
1. If car is great and u r happy, refinance or buy outright (through pen fed their longest used loan is maybe 3%).
2. U don't like it or want new? Trade it in take advantage of the 60k plus in tax credit.u own it (leasing you don't have that advantage).
3. Refinance keep it another year or two whatever and change then.
the residual on Leasing is very good which equates to bad for purchasing. Meaning you'll pay large monthly payments and STILL owe alot at end if lease.
the payment saver option. Is same payments but what you owe on backside will be less as they umder value our cars after 3yrs. For example a 3yr old Z06 buyout is 49k. Yeah. And a lease buyout is around 60 to 65k.
Last edited by 23/C8Z; 02-17-2017 at 12:20 PM.
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Z06NJ (02-17-2017)
#7
Melting Slicks
OP either car you buy, look at the Penfed auto payment saver loan. 3yrs. Like Lease but with the perks of ownership. Cost 13 bucks to join and service is spectacular.
1.74% loan. The balloon in 3 yrs. Allows you to do multiple things.
1. If car is great and u r happy, refinance or buy outright (through pen fed their longest used loan is maybe 3%).
2. U don't like it or want new? Trade it in take advantage of the 60k plus in tax credit.u own it (leasing you don't have that advantage).
3. Refinance keep it another year or two whatever and change then.
the residual on Leasing is very good which equates to bad for purchasing. Meaning you'll pay large monthly payments and STILL owe alot at end if lease.
the payment saver option. Is same payments but what you owe on backside will be less as they umder value our cars after 3yrs. For example a 3yr old Z06 buyout is 49k. Yeah. And a lease buyout is around 60 to 65k.
1.74% loan. The balloon in 3 yrs. Allows you to do multiple things.
1. If car is great and u r happy, refinance or buy outright (through pen fed their longest used loan is maybe 3%).
2. U don't like it or want new? Trade it in take advantage of the 60k plus in tax credit.u own it (leasing you don't have that advantage).
3. Refinance keep it another year or two whatever and change then.
the residual on Leasing is very good which equates to bad for purchasing. Meaning you'll pay large monthly payments and STILL owe alot at end if lease.
the payment saver option. Is same payments but what you owe on backside will be less as they umder value our cars after 3yrs. For example a 3yr old Z06 buyout is 49k. Yeah. And a lease buyout is around 60 to 65k.
#8
Safety Car
A couple of questions I have from a buyer stand point - I would like to rent one to see what I think but I cannot seem to find a Z06 for rent just a Z51. How much of a difference between the 2 am I looking at? I guess the dealer would have a used z51 to test drive but am I getting all the feels of a z06 in the z51?
My thought was doing lease with buyout option at the end - any foresight on seeing this to be a problem later on after my lease ends?
I am in Atlanta and would like if someone is able/available to give me a in depth tour of their z06 and a ride around, I would enjoy that - ill pay.
Thanks
My thought was doing lease with buyout option at the end - any foresight on seeing this to be a problem later on after my lease ends?
I am in Atlanta and would like if someone is able/available to give me a in depth tour of their z06 and a ride around, I would enjoy that - ill pay.
Thanks
#9
Drifting
OP either car you buy, look at the Penfed auto payment saver loan. 3yrs. Like Lease but with the perks of ownership. Cost 13 bucks to join and service is spectacular.
1.74% loan. The balloon in 3 yrs. Allows you to do multiple things.
1. If car is great and u r happy, refinance or buy outright (through pen fed their longest used loan is maybe 3%).
2. U don't like it or want new? Trade it in take advantage of the 60k plus in tax credit.u own it (leasing you don't have that advantage).
3. Refinance keep it another year or two whatever and change then.
the residual on Leasing is very good which equates to bad for purchasing. Meaning you'll pay large monthly payments and STILL owe alot at end if lease.
the payment saver option. Is same payments but what you owe on backside will be less as they umder value our cars after 3yrs. For example a 3yr old Z06 buyout is 49k. Yeah. And a lease buyout is around 60 to 65k.
1.74% loan. The balloon in 3 yrs. Allows you to do multiple things.
1. If car is great and u r happy, refinance or buy outright (through pen fed their longest used loan is maybe 3%).
2. U don't like it or want new? Trade it in take advantage of the 60k plus in tax credit.u own it (leasing you don't have that advantage).
3. Refinance keep it another year or two whatever and change then.
the residual on Leasing is very good which equates to bad for purchasing. Meaning you'll pay large monthly payments and STILL owe alot at end if lease.
the payment saver option. Is same payments but what you owe on backside will be less as they umder value our cars after 3yrs. For example a 3yr old Z06 buyout is 49k. Yeah. And a lease buyout is around 60 to 65k.
There are two main advantages to leasing that I can think of.
1) you don't own the car so can walk away after a fixed time period
2) you don't own the car and thus don't (usually) pay tax on the purchase price
What you suggest has neither advantage. And it has the distinct disadvantage of a balloon payment. In three years interest rates could be sky high and the value of your car could be in the toilet - who knows? In that case this arrangement puts you in a pickle, as you are forced to refinance. I don't see any guarantee that they will refinace the balloon payment either.
To me there is no value in owning the car, only risk. With a lease you can always buy the car anyway if you so desire. That said I financed for 6 years at 1.49%, but I would be happy to jump on a lease if I could find favorable terms.
Last edited by etekberg; 02-17-2017 at 01:53 PM.
#10
Instructor
Thread Starter
I was able to talk with a sales rep at Rick Hendrick. He said Leasing was 2k, but the payment for the buyout for the z06 I built on Chevy website w/ 10k down was $1800. Either way, I am just going to build and buy and hopefully get close to 0%. I have to check USAA rates to see whats going on in their realm prior but anything under 2% is okay with me. He also let me know I could test drive a z06 with similar options and I think I am still going to rent a Z51 for a few days and do a few hundred miles to see what I think.
My love has always been a C6 Grand Sport but I think I want to jump over and dive into a c7 z06. I'll figure it out.
Thanks for the replies guys and the great information, it is always welcomed and much much appreciated.
My love has always been a C6 Grand Sport but I think I want to jump over and dive into a c7 z06. I'll figure it out.
Thanks for the replies guys and the great information, it is always welcomed and much much appreciated.
Last edited by AMFRC; 02-17-2017 at 03:04 PM.
#13
Drifting
In other words, buy a $100k car from a dealer with a $50k trade-in, you pay sales tax on $50k, not $100k.
It's not an advantage over leasing as when buying you already paid that tax. With a lease you never pay the tax in the first place (usually).
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427Z0SX (02-17-2017)
#14
Instructor
I just came out of a Z51 7 Spd equipped stingray and into my 2017 Z06 7 speed. I can tell you that there is NO comparison in horsepower, braun, grit and seat of the pants fun between the two.
The Z51 is a great car and is very fun to drive. I don't want to take away from the stingray at all. I enjoyed driving that vette a lot - but its a different car from the Z06. If you are happy with that version of the car, then by all means, get one and enjoy it.
The Z06 is an awesome car and is the car I want to drive. To go from 460 HP/460 torque to 650 HP/650 torque is HUGE! Its quick off the line and it will snap your head back into the seat when you put your foot in it.
Either way, you can't go wrong. There both VETTES!
The Z51 is a great car and is very fun to drive. I don't want to take away from the stingray at all. I enjoyed driving that vette a lot - but its a different car from the Z06. If you are happy with that version of the car, then by all means, get one and enjoy it.
The Z06 is an awesome car and is the car I want to drive. To go from 460 HP/460 torque to 650 HP/650 torque is HUGE! Its quick off the line and it will snap your head back into the seat when you put your foot in it.
Either way, you can't go wrong. There both VETTES!
#15
Race Director
You should hear from someone in your general area that is willing to take you for a ride, and maybe even drive, so I would do that first. You need to experience the same very car you are considering. I learned this lesson the hard way. I bought a 15 Z06 M7 and hated it. After driving an A8 Z06 I sold my 15 and ordered my 16 that I dearly love. Cost me about 30K to learn that lesson.
BTW at the time I bought that 15 there weren't any dealers allowing you to sit in a new Z06 much less drive one. The moment I drove that car off of that lot I knew that I had made a big mistake.
BTW at the time I bought that 15 there weren't any dealers allowing you to sit in a new Z06 much less drive one. The moment I drove that car off of that lot I knew that I had made a big mistake.
Last edited by Thomasmoto; 02-17-2017 at 04:11 PM.
#16
OP either car you buy, look at the Penfed auto payment saver loan. 3yrs. Like Lease but with the perks of ownership. Cost 13 bucks to join and service is spectacular.
1.74% loan. The balloon in 3 yrs. Allows you to do multiple things.
1. If car is great and u r happy, refinance or buy outright (through pen fed their longest used loan is maybe 3%).
2. U don't like it or want new? Trade it in take advantage of the 60k plus in tax credit.u own it (leasing you don't have that advantage).
3. Refinance keep it another year or two whatever and change then.
the residual on Leasing is very good which equates to bad for purchasing. Meaning you'll pay large monthly payments and STILL owe alot at end if lease.
the payment saver option. Is same payments but what you owe on backside will be less as they umder value our cars after 3yrs. For example a 3yr old Z06 buyout is 49k. Yeah. And a lease buyout is around 60 to 65k.
1.74% loan. The balloon in 3 yrs. Allows you to do multiple things.
1. If car is great and u r happy, refinance or buy outright (through pen fed their longest used loan is maybe 3%).
2. U don't like it or want new? Trade it in take advantage of the 60k plus in tax credit.u own it (leasing you don't have that advantage).
3. Refinance keep it another year or two whatever and change then.
the residual on Leasing is very good which equates to bad for purchasing. Meaning you'll pay large monthly payments and STILL owe alot at end if lease.
the payment saver option. Is same payments but what you owe on backside will be less as they umder value our cars after 3yrs. For example a 3yr old Z06 buyout is 49k. Yeah. And a lease buyout is around 60 to 65k.
I will look into it. Thanks
#17
Tech Contributor
Member Since: Oct 1999
Location: Charlotte, NC (formerly Endicott, NY)
Posts: 40,078
Received 8,918 Likes
on
5,327 Posts
I was able to talk with a sales rep at Rick Hendrick. He said Leasing was 2k, but the payment for the buyout for the z06 I built on Chevy website w/ 10k down was $1800. Either way, I am just going to build and buy and hopefully get close to 0%. I have to check USAA rates to see whats going on in their realm prior but anything under 2% is okay with me. He also let me know I could test drive a z06 with similar options and I think I am still going to rent a Z51 for a few days and do a few hundred miles to see what I think.
My love has always been a C6 Grand Sport but I think I want to jump over and dive into a c7 z06. I'll figure it out.
Thanks for the replies guys and the great information, it is always welcomed and much much appreciated.
My love has always been a C6 Grand Sport but I think I want to jump over and dive into a c7 z06. I'll figure it out.
Thanks for the replies guys and the great information, it is always welcomed and much much appreciated.
The C7 Z06 weighs at least 300 lbs more than the C6Z (at least my Z07 does) but it has a lot more torque throughout the rpm range so even though it can't rev to 7K rpm like the LS7 it has a lot more torque and 105 more peak HP which occurs at about the same rpm point as the LS7 (6400 rpm).
Bill