Highest monthly Vette payment?
 

I just purchased my 2016 Z06 Z07 package MSRP $125000 plus taxes, dealer fees, and 7 year warranty equals $135,000 (Canadian) Dropped $75000 as a down payment and still have a $750 monthly payment for 96 months. I thought, thats a lot of money. My first house was less than that. I wanted to stretch the payments out to reduce the monthly payment and then lump payment the loan to death to pay it off in two years. It just seems less painful that way. If I took the loan out for 24 months it would be $2500 per month plus interest and that just seemed ridiculous so I opted for long term and less per month with no early payout penalties. I thought $750 a month was a pretty heavy payment a month until I found out my secretary has the same payment on her 2014 Mazda SUV, and I know that's about half her salary, hey, I don't feel so bad now. Who's got a different philosophy and prefers high payments and short term? Which brings us to the ultimate question, who's got the highest Corvette payment per month?

Really? You can't be serious. Most of us opened the petty cash drawer and paid for it. How else are you going to get a good deal?

I prefer no payments or terms. If I can't pay for it in full when I buy something, I save up for it.

No the question should be, "Why are you paying your secretary so little"?

One million dollars.:ack:

For my 14 3Lt, I had one payment of $40K after my trade-in.

That payment for that length of years is just plain old stupid.

A better item to look at is how much you are paying in interest for that amount over 96 mos. On second thought you might not want to go down that road....

My monthly payment is $711.00 I can live with it.

Yup. That's something you could live with.

:iagree: My exact thoughts. Give the secretary a raise.

My Z06 cost more than my first house... :yesnod:

The highest monthly car payment I've ever made was right at $500 and I thought that was high.

How dare you buy a Corvette without saving the entire $135,000 first!

My loan is a shorter term than yours but my payment is a little higher.

Just my 2 cents but... this idea that you should never pay interest is a little ridiculous. Yes, I will pay more for my Corvette than someone who pays cash. That's an acceptable scenario for me. I can afford the payment easily and I didn't want to save for 5 years (until the C8 comes out) before I got one. The price to play is 3% interest.

Call me stupid or bring on the flaming. I'll be out driving my Corvette.

I got a 1.49% loan for 3 years on the entire price of the car. With an interest rate anything like that it's just plain stupid to use your own money even if you have it availablle.

I remember paying a lease payment on a new 84 z28 at 440 a month, now that was stupid!:crazy2: I have been a littler smarter over the years.:lol:

We are debt-free now thanks to following the philosophy of both or our parents and Dave Ramsey, :cheers:
(it was a looong, hard journey...)

but our Stingray actually did cost more than my first AND our second house :crazy:

https://cimg0.ibsrv.net/gimg/www.cor...95fb5b9b7c.jpg

Amen! Its great that some can pay cash for a car. My issue is I got my 15 for 1.99% for 72 months. My investments made 4.5%. I would have lost an additional 2.5%. Not a ton of money but its still a loss.

My payment is about 700 per month after my trade.

Its all relative to income, available cash and credit for each individual.

I think that would be stating the obvious :)

Mine's a bit under 1,700 a month. Low rates making the buy vs. finance decision fairly easy.