What did you or do you do to afford a C7 ZR1?
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ViperFan1 (05-29-2018)
05-25-2018, 03:08 PM
#23
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Here are the ways people make BIG money, although a ZR1 can be had with just lots of saving and prioritizing.
1) Luck (i.e. inheritance, lawsuit, lottery)
2) natural talent and commitment (i.e. athlete, musician, writer)
3) Own a business (my path, and the hardest to succeed at)
4) Investments (primarily real estate, most reliable way, but can take decades)
5) Always spending less than you make, while maximizing your income, and saving over many years.
6) Don't have a job, yet have very good credit to avoid a POI request, add in a small down payment to buffer the risk, then hustle on the back end...who can't pay 2k a month for a car if you really try?
Good luck!
1) Luck (i.e. inheritance, lawsuit, lottery)
2) natural talent and commitment (i.e. athlete, musician, writer)
3) Own a business (my path, and the hardest to succeed at)
4) Investments (primarily real estate, most reliable way, but can take decades)
5) Always spending less than you make, while maximizing your income, and saving over many years.
6) Don't have a job, yet have very good credit to avoid a POI request, add in a small down payment to buffer the risk, then hustle on the back end...who can't pay 2k a month for a car if you really try?
Good luck!
#6 is for the road less traveled folks.
05-25-2018, 06:41 PM
#24
Instructor
Regardless of the job you do, I've found that it really helps to do the following if you want to have a substantial disposable income.
1. If you do get married, never get a divorce. Ex's are a money pit and the stress keeps you from reaching your full potential. If you're not marriage material, just don't get married.
2. If you do have kids, pray they turn out ok and you don't need to have an attorney on retainer. Hope your kids go to a state college and not some private joint, lol. My suggestion if you don't ever want kids is to get snipped asap.
3. Don't gamble (casino's, sports book, etc)
4. Don't do any recreational drugs, don't get addicted as rehab is expensive
5. Don't drink and drive, DUI's are expensive forever. God forbid you wreck and hurt somebody.
6. Don't even drink, especially at bars....super expensive to buy drinks.
7. Try to pay off your house as soon as possible so you don't have a monthly mortgage payment. Don't keep upgrading your house just to keep up with the Jones'.
8. Don't screw up your credit and try to have a credit score as high as possible. Get rid of any credit card balances, especially with high interest rates because of your mistakes.
I know people that can put 20% down on a ZR1 and easily make the monthly payments on what they spend on marijuana and bar tabs every month. Yet they complain they don't make enough money to survive. Lets not even talk about going through the drive through at Starbucks once or twice a day, that expense would cover your ZR1's insurance premium.
I also know doctors that own their own practice and and make a minimum of $35,000.00 per month and live pay check to pay check because of bad life choices. Divorces, bad real estate investments, adult kid that they still enable, etc.
It is very easy to make good money in America.....understanding how to keep it is where most people fail.
1. If you do get married, never get a divorce. Ex's are a money pit and the stress keeps you from reaching your full potential. If you're not marriage material, just don't get married.
2. If you do have kids, pray they turn out ok and you don't need to have an attorney on retainer. Hope your kids go to a state college and not some private joint, lol. My suggestion if you don't ever want kids is to get snipped asap.
3. Don't gamble (casino's, sports book, etc)
4. Don't do any recreational drugs, don't get addicted as rehab is expensive
5. Don't drink and drive, DUI's are expensive forever. God forbid you wreck and hurt somebody.
6. Don't even drink, especially at bars....super expensive to buy drinks.
7. Try to pay off your house as soon as possible so you don't have a monthly mortgage payment. Don't keep upgrading your house just to keep up with the Jones'.
8. Don't screw up your credit and try to have a credit score as high as possible. Get rid of any credit card balances, especially with high interest rates because of your mistakes.
I know people that can put 20% down on a ZR1 and easily make the monthly payments on what they spend on marijuana and bar tabs every month. Yet they complain they don't make enough money to survive. Lets not even talk about going through the drive through at Starbucks once or twice a day, that expense would cover your ZR1's insurance premium.
I also know doctors that own their own practice and and make a minimum of $35,000.00 per month and live pay check to pay check because of bad life choices. Divorces, bad real estate investments, adult kid that they still enable, etc.
It is very easy to make good money in America.....understanding how to keep it is where most people fail.
05-25-2018, 06:43 PM
#25
Instructor
Went to college and got a useful degree, in Mechanical Engineering. Worked for John Deere for 38 years. Worked hard and long. Worked my way up. Lived a relatively conservative life. Married a school teacher , which helps pay the bills. Have 1 good kid. Saved money by living below our means. Maxed out the 401K every year. Did lots of things ourselves, instead of paying others to do it. We did spend some money, road raced in a less expensive class, tried to buy things only on a good deal. Payed off mortgage and put the payment away for retirement. Retired and now we can do what ever we want within reason. Bought used Vettes when younger. Now paid cash for #12 the ZR1.
05-26-2018, 01:59 PM
#27
Team Owner
05-26-2018, 02:10 PM
#28
Team Owner
And those wet dreaming!
With number 6 I doubt you make it! First 2k is not even enough for a payment then you forgot the down payment. Then your plates, sales tax and insurance Better to pay cash!
Getting a loan on this car is not smart. Holy upside down and doubt you could obtain one. Even with 800 credit they want to see income.
With number 6 I doubt you make it! First 2k is not even enough for a payment then you forgot the down payment. Then your plates, sales tax and insurance Better to pay cash!
Getting a loan on this car is not smart. Holy upside down and doubt you could obtain one. Even with 800 credit they want to see income.
05-27-2018, 05:49 AM
#29
Regardless of the job you do, I've found that it really helps to do the following if you want to have a substantial disposable income.
1. If you do get married, never get a divorce. Ex's are a money pit and the stress keeps you from reaching your full potential. If you're not marriage material, just don't get married.
2. If you do have kids, pray they turn out ok and you don't need to have an attorney on retainer. Hope your kids go to a state college and not some private joint, lol. My suggestion if you don't ever want kids is to get snipped asap.
3. Don't gamble (casino's, sports book, etc)
4. Don't do any recreational drugs, don't get addicted as rehab is expensive
5. Don't drink and drive, DUI's are expensive forever. God forbid you wreck and hurt somebody.
6. Don't even drink, especially at bars....super expensive to buy drinks.
7. Try to pay off your house as soon as possible so you don't have a monthly mortgage payment. Don't keep upgrading your house just to keep up with the Jones'.
8. Don't screw up your credit and try to have a credit score as high as possible. Get rid of any credit card balances, especially with high interest rates because of your mistakes.
I know people that can put 20% down on a ZR1 and easily make the monthly payments on what they spend on marijuana and bar tabs every month. Yet they complain they don't make enough money to survive. Lets not even talk about going through the drive through at Starbucks once or twice a day, that expense would cover your ZR1's insurance premium.
I also know doctors that own their own practice and and make a minimum of $35,000.00 per month and live pay check to pay check because of bad life choices. Divorces, bad real estate investments, adult kid that they still enable, etc.
It is very easy to make good money in America.....understanding how to keep it is where most people fail.
1. If you do get married, never get a divorce. Ex's are a money pit and the stress keeps you from reaching your full potential. If you're not marriage material, just don't get married.
2. If you do have kids, pray they turn out ok and you don't need to have an attorney on retainer. Hope your kids go to a state college and not some private joint, lol. My suggestion if you don't ever want kids is to get snipped asap.
3. Don't gamble (casino's, sports book, etc)
4. Don't do any recreational drugs, don't get addicted as rehab is expensive
5. Don't drink and drive, DUI's are expensive forever. God forbid you wreck and hurt somebody.
6. Don't even drink, especially at bars....super expensive to buy drinks.
7. Try to pay off your house as soon as possible so you don't have a monthly mortgage payment. Don't keep upgrading your house just to keep up with the Jones'.
8. Don't screw up your credit and try to have a credit score as high as possible. Get rid of any credit card balances, especially with high interest rates because of your mistakes.
I know people that can put 20% down on a ZR1 and easily make the monthly payments on what they spend on marijuana and bar tabs every month. Yet they complain they don't make enough money to survive. Lets not even talk about going through the drive through at Starbucks once or twice a day, that expense would cover your ZR1's insurance premium.
I also know doctors that own their own practice and and make a minimum of $35,000.00 per month and live pay check to pay check because of bad life choices. Divorces, bad real estate investments, adult kid that they still enable, etc.
It is very easy to make good money in America.....understanding how to keep it is where most people fail.
05-27-2018, 09:42 AM
#30
Race Director
^^^^^ this to help the kids (and us) out. my oldest received a ton of cash from the national honor society and that was unexpected. we were pretty amazed. And happy because the same kid turned down a big Tennis Scholarship and we were NOT happy lol.
05-27-2018, 10:24 AM
#31
You just need disposable income and lots of it. If you can't have kids and cars that's pretty sad IMO, If you can't go out in order to have a car, pretty sad IMO, If you have to work 80-100 hours a week to get one, you really don't have disposable income IMO..No one should have to work that hard for a car. I get these are expensive, but most people who have them have lots of disposable income, it's that simple. Most of them already have everything they want, house, spending cash, old and retired with lots of cash.....etc.etc.etc.
Best thing to do is wait for a used one and save 40 grand, cause these people that paid MSRP are going to be here in 1-2 years complaining about the drop in value
Z06 owners did it and so will the ZR1 owners.
I'm in I/T, I have kids, I have lots of things, I drink lots of craft beer, a house, take trips everywhere over the years...etc.etc.etc...I don't work over 40-50 hours a week. With that said, I don't have a ZR1 and have no asperation to get one, but could as a "regular" Joe. It has also taken me years to get where I am, but new people in the right I/T fields are making lots of cash these days.
Don't sacrifice for a car. You can be a plumber and make $100,000+ a year, electricians make bank too these days....
Best thing to do is wait for a used one and save 40 grand, cause these people that paid MSRP are going to be here in 1-2 years complaining about the drop in value
Z06 owners did it and so will the ZR1 owners.I'm in I/T, I have kids, I have lots of things, I drink lots of craft beer, a house, take trips everywhere over the years...etc.etc.etc...I don't work over 40-50 hours a week. With that said, I don't have a ZR1 and have no asperation to get one, but could as a "regular" Joe. It has also taken me years to get where I am, but new people in the right I/T fields are making lots of cash these days.
Don't sacrifice for a car. You can be a plumber and make $100,000+ a year, electricians make bank too these days....
Yeah good advice here. I'm currently working around 60 hours a week and it's mentally and physically draining having to get up early around 2-3 am 5 days a week where most of my free time I'm too tired to do much. I'm in the process of changing though, hopefully getting it down to 30-40 hrs at the expense of less money but I realized time is very valuable.
To keep on topic as well, as awesome as it would be to get a new ZR1 or the new mid engine, the feeling of relief of getting debt free and paying off my house early would be even better(I'm early 30's). I could've paid for the house already if not for wanting some expensive cars in my 20's and while I don't regret it completely I think I would've been better off doing this.
Last edited by supermetroid; 05-27-2018 at 10:29 AM.
05-28-2018, 08:35 PM
#32
A lot of great advice from people whos been around the block! I can only hope to get there myself one day. I'm 33 single no kids and just bought my first vette live in a townhouse I bought in the recession for $80k now worth $250k+ my mortgage is $700 haha. Got a few small businesses and as soon as I have the funds I open another. I could technically buy a ZR1 now, but it would be a bad financial move for me at the moment.
live in a townhouse I bought in the recession for $80k now worth $250k+ my mortgage is $700 haha. Got a few small businesses and as soon as I have the funds I open another. I could technically buy a ZR1 now, but it would be a bad financial move for me at the moment.
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AORoads (06-11-2018)
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LoveTwoFly (05-31-2018)
05-29-2018, 07:31 PM
#35
Burning Brakes
Regardless of the job you do, I've found that it really helps to do the following if you want to have a substantial disposable income.
1. If you do get married, never get a divorce. Ex's are a money pit and the stress keeps you from reaching your full potential. If you're not marriage material, just don't get married.
2. If you do have kids, pray they turn out ok and you don't need to have an attorney on retainer. Hope your kids go to a state college and not some private joint, lol. My suggestion if you don't ever want kids is to get snipped asap.
3. Don't gamble (casino's, sports book, etc)
4. Don't do any recreational drugs, don't get addicted as rehab is expensive
5. Don't drink and drive, DUI's are expensive forever. God forbid you wreck and hurt somebody.
6. Don't even drink, especially at bars....super expensive to buy drinks.
7. Try to pay off your house as soon as possible so you don't have a monthly mortgage payment. Don't keep upgrading your house just to keep up with the Jones'.
8. Don't screw up your credit and try to have a credit score as high as possible. Get rid of any credit card balances, especially with high interest rates because of your mistakes.
I know people that can put 20% down on a ZR1 and easily make the monthly payments on what they spend on marijuana and bar tabs every month. Yet they complain they don't make enough money to survive. Lets not even talk about going through the drive through at Starbucks once or twice a day, that expense would cover your ZR1's insurance premium.
I also know doctors that own their own practice and and make a minimum of $35,000.00 per month and live pay check to pay check because of bad life choices. Divorces, bad real estate investments, adult kid that they still enable, etc.
It is very easy to make good money in America.....understanding how to keep it is where most people fail.
1. If you do get married, never get a divorce. Ex's are a money pit and the stress keeps you from reaching your full potential. If you're not marriage material, just don't get married.
2. If you do have kids, pray they turn out ok and you don't need to have an attorney on retainer. Hope your kids go to a state college and not some private joint, lol. My suggestion if you don't ever want kids is to get snipped asap.
3. Don't gamble (casino's, sports book, etc)
4. Don't do any recreational drugs, don't get addicted as rehab is expensive
5. Don't drink and drive, DUI's are expensive forever. God forbid you wreck and hurt somebody.
6. Don't even drink, especially at bars....super expensive to buy drinks.
7. Try to pay off your house as soon as possible so you don't have a monthly mortgage payment. Don't keep upgrading your house just to keep up with the Jones'.
8. Don't screw up your credit and try to have a credit score as high as possible. Get rid of any credit card balances, especially with high interest rates because of your mistakes.
I know people that can put 20% down on a ZR1 and easily make the monthly payments on what they spend on marijuana and bar tabs every month. Yet they complain they don't make enough money to survive. Lets not even talk about going through the drive through at Starbucks once or twice a day, that expense would cover your ZR1's insurance premium.
I also know doctors that own their own practice and and make a minimum of $35,000.00 per month and live pay check to pay check because of bad life choices. Divorces, bad real estate investments, adult kid that they still enable, etc.
It is very easy to make good money in America.....understanding how to keep it is where most people fail.
Teach your kids, no matter if they have kids or are kids, the importance of good grades and academic dedication. It will save everyone lots of time and money and could help someone buy their dream car.
Thank you all for the great advice and responses to the original question. I'll have to keep that all in mind so that I can buy a new Corvette someday. Until then, I'll be stuck with a Craigslist 2010-ish GTI or Mini Cooper S
Last edited by Quinten33; 05-29-2018 at 07:32 PM.
05-29-2018, 08:20 PM
#37
Yeah good advice here. I'm currently working around 60 hours a week and it's mentally and physically draining having to get up early around 2-3 am 5 days a week where most of my free time I'm too tired to do much. I'm in the process of changing though, hopefully getting it down to 30-40 hrs at the expense of less money but I realized time is very valuable.
To keep on topic as well, as awesome as it would be to get a new ZR1 or the new mid engine, the feeling of relief of getting debt free and paying off my house early would be even better(I'm early 30's). I could've paid for the house already if not for wanting some expensive cars in my 20's and while I don't regret it completely I think I would've been better off doing this.
To keep on topic as well, as awesome as it would be to get a new ZR1 or the new mid engine, the feeling of relief of getting debt free and paying off my house early would be even better(I'm early 30's). I could've paid for the house already if not for wanting some expensive cars in my 20's and while I don't regret it completely I think I would've been better off doing this.
Second, don't buy into the unsophisticated notion that living "debt free" is somehow a good thing. It does not benefit you to have your house paid off.
05-30-2018, 01:50 AM
#38
05-30-2018, 04:31 PM
#40
Some people won't spend more than a certain amount on any vehicle regardless of income, and that's on no one to judge. Everyone's propensity to allocate funds to any given expenditure varies greatly. However, in the context of a discussion amongst car enthusiasts, the notion of "at least $800K/year" in income to buy a $140K Chevy is a bit ridiculous.
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desmophile (05-31-2018)