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Not even close to enough info to provide meaningful advice. How much debt you already carrying? How much you going to have to borrow to buy the car? Do you really want a Vette as a daily driver with kids on the way? Most importantly how many fights with the wife if she is saying no? I'm not asking you to answer these questions here but just things to think about.
It's real easy for other people to spend your money for you or in some cases money you don't have yet. With kids on the way I would have far more important priorities personally but I also have no idea what your situation is. Maybe you are in a position to double your salary in the next couple years, maybe you stand to inherit millions and a C8 is peanuts. Maybe you would prefer your wife divorce you over the car and live the single life..... No matter, just make the decision that seems to make the most sense to you.
OK, let me put it simple, it's just about money and how much I like it. My savings allow me to get it in cash, while I don't know if it is worth using up my spare cash, I know it sounds silly to ask others if I like the car or not!
Your wife is the voice of reason plus you are not a car enthusiast and don't know if you like corvette. That is three strikes you are out and should not buy this car.
yep, that's why I asked here if the corvette is the car for a person like me! (my wife should be fine if I really want to)
Your wife is the voice of reason plus you are not a car enthusiast and don't know if you like corvette. That is three strikes you are out and should not buy this car.
This right here.... Doesn't like cars really.. wife doesn't want him to get it.. etc.
You'll end up regretting your decision when you buy it, and lose money when you sell it. If you want one right now, you gotta buy a used one that is over MSRP or call around trying to find a new one at MSRP. It'll take too much time for that. If you have to ask people on the internet if the car is for you, it's not. Sorry to be a downer but that's my opinion. @Razors
This right here.... Doesn't like cars really.. wife doesn't want him to get it.. etc.
You'll end up regretting your decision when you buy it, and lose money when you sell it. If you want one right now, you gotta buy a used one that is over MSRP or call around trying to find a new one at MSRP. It'll take too much time for that. If you have to ask people on the internet if the car is for you, it's not. Sorry to be a downer but that's my opinion. @Razors
Thank you! I am not just looking for support but also some realistic suggestions from whom may experienced a similar situation before.
Thank you! I am not just looking for support but also some realistic suggestions from whom may experienced a similar situation before.
I experienced a similar situation when I was 32 because I had wanted a Corvette since I was in high school, but......
Our daughter was 7 years old and the wife had a nice SUV that would carry all of us when necessary.
We had been saving money towards our retirement for 6 years and I didn't touch a penny of that money. We retired comfortably at 55.
I had been paying car/insurance payments so I found a C4 that fit that budget. It was used and the C5s had not come out yet.
After I showed my wife that WE could afford it I got her blessing.
It was my daily driver and I put 98k on the clock before I sold it.
I wouldn't do anything then or now to risk being able to provide for my family or hurt our retirement.
Since you live in Dallas, I would definitely go for it. 150-200k is not a lot in NYC or in the Bay Area, but in Texas you have the perfect combination of low cost-of-living, and year round good weather (for sports car driving).
As a data point I am similar to you in age and making similar money to you, maybe a bit more. But our living is much more expensive here.
oof you must not be familiar with the cost of living in the DFW area.
Totally up to you on if you should make it fit into your life. Maybe the convertible can be more justified as long as it is a splurge? Those days in the summer with the top down may please the wife!
Does your wife work? How much does she bring in? What does she drive? What’s your house payment? Feel comfortable with your savings? How much do you have after tax, house, other car payment, 401k, health insurance, groceries? Do you like the car enough to cut $1000-1500 a month out of that on a C8?
Is the C8 the car you’ve always wanted? If you want a V8, you could also consider trading the sedan on a CT5-V Blackwing, used E63, used M5/M550i, Charger Hellcat, etc.
Go for it. Buying a Corvette is not just a car, it's a lifestyle and community. Corvette clubs are a great way to meet people with similar interests. I bought my first C4 when I was 37, never regretted that.
Before that, my first sports car was a 924 Porsche, no regrets, then a 944, definitely had some regret due to how much money I lost in three years, and the negative reactions from some people.
I bought a C4 in 1988 and welded in a roll cage to go SCCA racing. Absolutely no regrets. Massive support on racing a C4, met a lot of people and made a lot of friends due to that car.
Do it, you won't regret the positive change in your life.
If it is not good for you, sell it in a year, it will probably cost less than what you will lose on that underpowered sedan.
I experienced a similar situation when I was 32 because I had wanted a Corvette since I was in high school, but......
Our daughter was 7 years old and the wife had a nice SUV that would carry all of us when necessary.
We had been saving money towards our retirement for 6 years and I didn't touch a penny of that money. We retired comfortably at 55.
I had been paying car/insurance payments so I found a C4 that fit that budget. It was used and the C5s had not come out yet.
After I showed my wife that WE could afford it I got her blessing.
It was my daily driver and I put 98k on the clock before I sold it.
I wouldn't do anything then or now to risk being able to provide for my family or hurt our retirement.
Thank you for sharing! yes I definitely wouldn't sacrifice family life quality for this
Go for it. Buying a Corvette is not just a car, it's a lifestyle and community. Corvette clubs are a great way to meet people with similar interests. I bought my first C4 when I was 37, never regretted that.
Before that, my first sports car was a 924 Porsche, no regrets, then a 944, definitely had some regret due to how much money I lost in three years, and the negative reactions from some people.
I bought a C4 in 1988 and welded in a roll cage to go SCCA racing. Absolutely no regrets. Massive support on racing a C4, met a lot of people and made a lot of friends due to that car.
Do it, you won't regret the positive change in your life.
If it is not good for you, sell it in a year, it will probably cost less than what you will lose on that underpowered sedan.
Does your wife work? How much does she bring in? What does she drive? What’s your house payment? Feel comfortable with your savings? How much do you have after tax, house, other car payment, 401k, health insurance, groceries? Do you like the car enough to cut $1000-1500 a month out of that on a C8?
Is the C8 the car you’ve always wanted? If you want a V8, you could also consider trading the sedan on a CT5-V Blackwing, used E63, used M5/M550i, Charger Hellcat, etc.
Thanks! My wife works, and all our living cost is under control, so an extra $1000/month wouldn't affect my life quality, but still not a negligible amount that I can buy it as a toy. The real question is my like of it worth paying the extra $1000.
Thank you all for sharing your experiences and suggestions, I am so grateful to you though I am not even a corvette owner! After seeing all replies, I feel I should rent a C8 corvette first (Seems I can only rent it on Turo) for a few days and drive it with my wife to see how much we like it before making a decision!
You are doing the right thing, weighing out all of the positive and negatives.
I am buying a C8 and have never driven one, I did sit in the drivers seat at a dealer, and got to start the motor.
Actually I bought a C6 and had never driven one, same for C5. I did test drive the C4 before buying.
I have been a car guy for many years so there were no worries from me.
My C4 was a modern hi tech race car and fast car in the 80's. A local Corvette club made me an honorary member since the members always came to the SCCA races and were really interested in my car.
I liked it so much, I bought a C4 for a daily driver.
My C5 was a racecar also. Bought it on Ebay, without driving. First time I drove that car, I was hooked on the beautiful sight line over the hood. I still love that view. Had that car for 13 years.
My C6 was a luxury cruiser, first one with an automatic. Wife and I bought it in Chicago and drove it to the west coast. Great trip, never regretted buying that car, or any of them.
Do I have any concerns that I will regret buying a C8, no way !! I am going to keep it for ten years, unless a new one comes out and I absolutely have to trade up.
After owning 5 Corvettes in the last 35 years, I can tell you it is one of the best cars you will ever own. That has been my experience, I hope the same for you.