Quick intro/purchasing a C7 question
Thread Starter
Instructor
Joined: Apr 2017
Posts: 117
Likes: 23
From: Kingsville Maryland
Quick intro/purchasing a C7 question
Hey everyone I'm a 23 year old guy and from an early age the Corvette has been my dream and passion when it comes to vehicles. I'm about to finish a medical program in Vascular Sonography starting off with no bills, under my parents roof because they love me and don't see why I should have to go pay rent somewhere, starting out making about $65,000 a year possibly a little less possibly more. My question to you is if I've had this passion and love for this beautiful car, wouldn't you say I'm completely justified to buy a new Vette for $55,000? Big down payment and sucking up the high insurance and maintenance costs? I just want some good advice on how to get this purchase made and how I can be the smartest about it. Thank you so much!
Jamie
Jamie
Race Director
Joined: Apr 2014
Posts: 15,067
Likes: 4,757
From: Washington Township Michigan
2025 C8 Stingray of the Year Finalist - Unmodified
2024 Corvette of the Year Finalist - Unmodified
2023 C6 of the Year Winner - Unmodified
2020 C6 of the Year Finalist - Unmodified
2019 C6 of Year Finalist (appearance mods)
Welcome to the forum!
Contact one of the forum dealers to get you started.
Contact one of the forum dealers to get you started.
Team Owner
Joined: Feb 2010
Posts: 37,575
Likes: 53
From: Lincoln NE
good luck with your decision and welcome to the forum!
that said, maybe a year or two wait while you save some cash before you dive into a loan on your new Corvette would be prudent.
also, you should not have too worry about maintenance costs if you buy a new warranted car.
keep your insurance deductibles as high as you can afford
that said, maybe a year or two wait while you save some cash before you dive into a loan on your new Corvette would be prudent.
also, you should not have too worry about maintenance costs if you buy a new warranted car.
keep your insurance deductibles as high as you can afford
Last edited by gilhuly; Apr 2, 2017 at 08:33 AM.
Enjoy while you can.
Joined: May 2008
Posts: 18,226
Likes: 3,360
From: 10th District Court OHIO
Ohio Events Coordinator
2025 Corvette of the Year Winner - Unmodified
2024 C2 of the Year Winner - Unmodified
2023 C8 of the Year Finalist - Unmodified
2022 C2 of the Year Finalist - Unmodified
2019 C2 of Year Finalist (stock)
St. Jude Donor '14 thru '26
I would wait a few years. Save some money and get out on your own first. IMHO
Banned Scam/Spammer
Joined: Jul 2015
Posts: 2,671
Likes: 401
I'm 53 years old and I'm three years from retirement...That being said I have owned three Corvettes in my lifetime, all were used......Presently have two. A 73 convertible and a 91 ZR-1.....
I would not buy new...That's just me....To me if you search around these forums you will find Vettes that are very well maintained by passionate owners...Chevy produced a lot of Vettes over the past few years.....If you buy new, once the tires hit the pavement,value goes down a lot...
Your age and starting salary are benefits right now....Sounds like your off to a great start.....Keep everything in moderation now as far as Vettes...Like I said, I would search the forums , lots of good deals out there.....
I would not buy new...That's just me....To me if you search around these forums you will find Vettes that are very well maintained by passionate owners...Chevy produced a lot of Vettes over the past few years.....If you buy new, once the tires hit the pavement,value goes down a lot...
Your age and starting salary are benefits right now....Sounds like your off to a great start.....Keep everything in moderation now as far as Vettes...Like I said, I would search the forums , lots of good deals out there.....
Thread Starter
Instructor
Joined: Apr 2017
Posts: 117
Likes: 23
From: Kingsville Maryland
I'm 53 years old and I'm three years from retirement...That being said I have owned three Corvettes in my lifetime, all were used......Presently have two. A 73 convertible and a 91 ZR-1.....
I would not buy new...That's just me....To me if you search around these forums you will find Vettes that are very well maintained by passionate owners...Chevy produced a lot of Vettes over the past few years.....If you buy new, once the tires hit the pavement,value goes down a lot...
Your age and starting salary are benefits right now....Sounds like your off to a great start.....Keep everything in moderation now as far as Vettes...Like I said, I would search the forums , lots of good deals out there.....
I would not buy new...That's just me....To me if you search around these forums you will find Vettes that are very well maintained by passionate owners...Chevy produced a lot of Vettes over the past few years.....If you buy new, once the tires hit the pavement,value goes down a lot...
Your age and starting salary are benefits right now....Sounds like your off to a great start.....Keep everything in moderation now as far as Vettes...Like I said, I would search the forums , lots of good deals out there.....
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer
Brett Foote
10 Things Every Corvette Owner Needs (2026 Edition)
Michael S. Palmer
8 Most "Only Corvette Owners Understand" Quirks and Problems
Pouria Savadkouei
10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years
Joe Kucinski
How Much Horsepower Every Corvette Engine "LOST" in 1972
Joe Kucinski
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!
Michael S. Palmer
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Thread Starter
Instructor
Joined: Apr 2017
Posts: 117
Likes: 23
From: Kingsville Maryland
good luck with your decision and welcome to the forum!
that said, maybe a year or two wait while you save some cash before you dive into a loan on your new Corvette would be prudent.
also, you should not have too worry about maintenance costs if you buy a new warranted car.
keep your insurance deductibles as high as you can afford
that said, maybe a year or two wait while you save some cash before you dive into a loan on your new Corvette would be prudent.
also, you should not have too worry about maintenance costs if you buy a new warranted car.
keep your insurance deductibles as high as you can afford
Thread Starter
Instructor
Joined: Apr 2017
Posts: 117
Likes: 23
From: Kingsville Maryland
Administrator
Joined: Mar 2001
Posts: 368,339
Likes: 24,781
From: In a parallel universe. Currently own 2014 Stingray Coupe.
C7 of the Year - Modified Finalist 2021
MO Events Coordinator
St. Jude Co-Organizer
St. Jude Donor '03 thru '26
NCM Sinkhole Donor
CI 5, 8 & 11 Veteran
Welcome. I tend to agree with the others - if you want a C7, find one that has barely been used and save a bunch of cash. Or, drop down to a C6 or C5 and save even more while still having a great car.