*** New Corvette Z06 ***

[///M-Spec]

BTW, length of credit line is almost as important as your credit score itself. So, being in your low 20's, I'm doubting you'd have the credit line to get that Vette at a rate that would be feasible. Not to mention insurance!

Exactly. What Swift is talking about is credit depth. And not many people who are just graduating in their early 20s have much depth or history. This is the sort of thing that takes time to build.

I have personal experience trying to buy expensive cars in my early 20s, and believe me, your debt to income ratio isn't the only thing they look at. They don't just hand out 100k car loans to every joe getting out of school with a line on a decent paying job.


M

 

[skicrush]

I'm boing back to graduate school folks, graduate school. I have a $35k/ year job right now. I already have an undergraduate degree. I have a 763 credit rating, and my wife has a 798. We're 29 this year. We have no debt whatsoever, and $15k in the bank to pay for school. I have not quite a full ride scholarship--my tuition is only $927 per semester for my MBA. No, not your typical American, I admit. And I never said I'd be making $45k after graduating--average salary for recent graduates of my program is $70k, plus an average of $10k for a signing bonus. So, yeah, I think I can make around $210-$220k in the first 3 years after school, and take home $140k after taxes. Minus $30k per year to live on=$50k saved after 3 years. OOOooh, you're right, it will take me 4 YEARS! OH NO!!

Too bad I'm a Rich Dad subscriber. I'll probably never buy one myself. I won't buy it until my investments pay for it. But if you think that $65k is really that far out of the ballpark, you must be playing little league.

 

[Famine]

I don't believe I'm being condescended to on monetary terms by a person 2 years older than me who earns less.

Out of interest "no debt whatsoever"? Where do you live - and if you don't have a mortgage, who the hell paid for it?

 

[skicrush]

I don't believe I'm being condescended to on monetary terms by a person 2 years older than me who earns less.

Out of interest "no debt whatsoever"? Where do you live - and if you don't have a mortgage, who the hell paid for it?

We rent--haven't been anywhere long enough to buy a house. So yeah, at this point, no debt whatsoever. We're buying a house when we go back to school, so we can get the equity back out of it after we graduate.

And I'm being condescending to your suggestion that a $65k car is out of my league. It shouldn't be out of YOUR league--why should it be out of mine? Maybe you just lack vision. I can see how a $100k car would be a bit of a stretch for you (or me), but not THAT bad, if you really wanted it.

I know lots of people my age and younger that make more than me. I didn't go straight to graduate school, and I quit everything for 2 years to be a missionary. Which actually wound up putting me back 3 years. You OUGHT to be making as much or more than me.

 

[Dave A]

I make more than you, but I drive a 1k SEAT that I promised myself I would have replaced somethime last year. Go figure. I won't get a nice car till I hit 25.

 

[Famine]

We rent--haven't been anywhere long enough to buy a house. So yeah, at this point, no debt whatsoever. We're buying a house when we go back to school, so we can get the equity back out of it after we graduate.

And I'm being condescending to your suggestion that a $65k car is out of my league. It shouldn't be out of YOUR league--why should it be out of mine? Maybe you just lack vision. I can see how a $100k car would be a bit of a stretch for you (or me), but not THAT bad, if you really wanted it.

I know lots of people my age and younger that make more than me. I didn't go straight to graduate school, and I quit everything for 2 years to be a missionary. Which actually wound up putting me back 3 years. You OUGHT to be making as much or more than me.

Could buy one now if it were on sale. Don't want to.

I've done two degrees myself, so really we're at the same point in our earning lives. We OUGHT to be making the same, assuming we're in the same fields, which we aren't.

Anyway, who was talking about a $65k car? I was talking about a $100k car. You say it'll take you 4 years to save for. Hurrah! So a $500k car will take you 20 years to save for. Does that make the cheaper car better because you can get it sooner?

The point was you are arguing a case of value for money between a slower $100,000 car and a faster $500,000 car. That's pretty much like arguing which is better for you, smoking or prostitution - it's utterly irrelevant to most people since the net outcome is the same.

For most people a $100,000 anything is just as much as a $500,000 anything. They won't get that much money in one place in their lifetime, except for their house (which they'll be paying off for the next 25 years). Therefore they are both expensive dream cars. So why do you persist?

 

[Dave A]

Forget tax and a mortgage, they take up plenty of money alright. But the real killer is a lady friend. They suck you're wallet dry .

Besides that, I have a mortgage and even if I could earn 100k a year I wouldn't consider a 65k car, I have too much to make in payments. You don't need a degree or two o makle money either, you do if you want to break into certain fields like Famine has in science I think, you'd have a hard, ard if not impossible time trying without going through the right channels and learning. Me I haven't got a degree, I have a GNVQ woo hoo, but I earn more than enough for an almost 23 year old.

 

[Joey D]

Wow this thread keeps going off track in the worst way...vettes anyone?

 

[skicrush]

Could buy one now if it were on sale. Don't want to.

I've done two degrees myself, so really we're at the same point in our earning lives. We OUGHT to be making the same, assuming we're in the same fields, which we aren't.

Anyway, who was talking about a $65k car? I was talking about a $100k car. You say it'll take you 4 years to save for. Hurrah! So a $500k car will take you 20 years to save for. Does that make the cheaper car better because you can get it sooner?

The point was you are arguing a case of value for money between a slower $100,000 car and a faster $500,000 car. That's pretty much like arguing which is better for you, smoking or prostitution - it's utterly irrelevant to most people since the net outcome is the same.

For most people a $100,000 anything is just as much as a $500,000 anything. They won't get that much money in one place in their lifetime, except for their house (which they'll be paying off for the next 25 years). Therefore they are both expensive dream cars. So why do you persist?

Well, I HAVEN'T done number 2 yet--just going back next month. So no, we're not really at the same point. Business programs generally require that you work for several years before you go back to school--unfortunate, but true. which usually requires working at a job that pays less just to get better experience for when you do go back. Besides, cost of living is night and day. Forget European fuel costs. What does a 3000 sq ft house cost in England? Probably not the $185k we're paying for ours.

Now, just to get one thing straight. My perspective is that the time of 7:40 was the normal Z06, and I think the Blue Devil will be significantly faster. As fast as an Enzo or CGT faster. And I know people that work for Pratt and Miller, and that have sources ringside, that tell me that. If that turns out to be wrong, then I'm way off here. But given my POV...

The point I'm trying to make is that a $100k car is a POSSIBILITY. You could go out and buy a Z06 you say. I'd wager that in the next year or two you could save enough to be able to buy a $100k Blue Devil. And I'd bet that $500k car would stay out of reach until you're close to retirement.

Let's put it this way. Lots more people own 911s than own ferraris, and we're only talking a $50-$60k difference. CGT performance for the price of a base 911--I think a lot more people will make sacrifices to own a car like that than could even DREAM about owning an Enzo or CGT. I'm one of them. I'll get a Blue Devil some day. Maybe used, maybe not, but $100k is about my moral limit for spending on a toy. $500k? That is half a million. Spent on a car? NO WAY.

Moral issues aside, there is a HUGE gulf in affordability. For what will be VERY close, if not equal, performance.

Forget tax and a mortgage, they take up plenty of money alright. But the real killer is a lady friend. They suck you're wallet dry .

Besides that, I have a mortgage and even if I could earn 100k a year I wouldn't consider a 65k car, I have too much to make in payments. You don't need a degree or two o makle money either, you do if you want to break into certain fields like Famine has in science I think, you'd have a hard, ard if not impossible time trying without going through the right channels and learning. Me I haven't got a degree, I have a GNVQ woo hoo, but I earn more than enough for an almost 23 year old.

And I have 2 lady friends! The younger one is quite expensive, and I've never even had to buy her dinner! The first time I took her out cost me over $700. And that was WITH insurance! But I wouldn't trade her for the world!

 

[Famine]

What does a 3000 sq ft house cost in England? Probably not the $185k we're paying for ours.

Mine's roughly 2000 square feet, and about the same price as your $185,000.

The point I'm trying to make is that a $100k car is a POSSIBILITY. You could go out and buy a Z06 you say. I'd wager that in the next year or two you could save enough to be able to buy a $100k Blue Devil. And I'd bet that $500k car would stay out of reach until you're close to retirement.

Actually, I wasn't entertaining thoughts of the Z06. I could go out now and buy a Blue Devil, IF it were for sale. A $500,000 car, if I wanted it would take (*calculates*) about 14 years. And, in an aspect, you're right. At the point where I can afford to spend a half million dollars on a car I WILL be retired, at the age of about 40.

Let's put it this way. Lots more people own 911s than own ferraris, and we're only talking a $50-$60k difference. CGT performance for the price of a base 911--I think a lot more people will make sacrifices to own a car like that than could even DREAM about owning an Enzo or CGT. I'm one of them. I'll get a Blue Devil some day. Maybe used, maybe not, but $100k is about my moral limit for spending on a toy. $500k? That is half a million. Spent on a car? NO WAY.

Moral issues aside, there is a HUGE gulf in affordability. For what will be VERY close, if not equal, performance.

Our personal financial situations aside, you won't find many people who can tell the difference, in terms of their ability to reach it, between $100,000 and $500,000 cars. $100,000 is roughly 3 years of average wage salary in the UK - before you get taxed to hell on it. Porsche (ignore the Poxster), Ferrari, Blue Devil, Murcielago, Koenigsegg - it's all the same. Dream cars they cannot hope to afford.

And that's the issue. Comparing price tags of dream cars is, effectively, meaningless. If you WANT something badly, you'll find a way to get it - $100,000 or $500,000. If you're considering the more expensive car anyway, a slower, cheaper car won't interest you, or bother you that it's cheaper.

 

[skicrush]

Our personal financial situations aside, you won't find many people who can tell the difference, in terms of their ability to reach it, between $100,000 and $500,000 cars. $100,000 is roughly 3 years of average wage salary in the UK - before you get taxed to hell on it. Porsche (ignore the Poxster), Ferrari, Blue Devil, Murcielago, Koenigsegg - it's all the same. Dream cars they cannot hope to afford.

And that's the issue. Comparing price tags of dream cars is, effectively, meaningless. If you WANT something badly, you'll find a way to get it - $100,000 or $500,000. If you're considering the more expensive car anyway, a slower, cheaper car won't interest you, or bother you that it's cheaper.

Wise enough. I still think that they will be a lot more accessible than any of the super expensive cars. I doubt the CGT or Enzo will depreciate. A few years old, they'll still cost at least what they cost new. The Blue devil will cost $85-90k. I think the Blue Devil and the porsches are in a different league than the super expensive exotics. They are entirely within reach of the Middle-upper class. Those $300k-500k cars are only within reach of the truly wealthy. Just look at the production numbers. I'll admit, thousands in a global market is not a lot, but still tons compared to the hundred(s) sold of the uber expensive variety.

 

[Dave A]

What does a 3000 sq ft house cost in England? Probably not the $185k we're paying for ours.

Morral issues aside, there is a HUGE gulf in affordability. For what will be VERY close, if not equal, performance.

And I have 2 lady friends! The younger one is quite expensive, and I've never even had to buy her dinner! The first time I took her out cost me over $700. And that was WITH insurance! But I wouldn't trade her for the world!

My parents house is roughly 2000 sq ft, that's valued about £350k, I live not too far away, in West Didsbury, my house is a bit smaller and is £210k.

Secondly, there is a huge gulf in price, and for that reason I think the BD will be very good at cost/performance, but I still stand with my view that it won't keep up with the likes of the CGT and Enzo.

Thirdly congrats, never knew you were a dad.

 

[McLaren'sAngel]

Hiya! Meow! (='.'=)

errr I think some of you guys are scaring some of the people here. Making life look harder than what the average teen think it is. (This is educational imo, because most teens think life is easy once you graduate)

 

[skicrush]

Hiya! Meow! (='.'=)

errr I think some of you guys are scaring some of the people here. Making life look harder than what the average teen think it is. (This is educational imo, because most teens think life is easy once you graduate)

I hope you mean graduate college. High school doesn't mean a whole lot these days, except that you can go to college. And graduating from college in most areas of specialization is fine if you and your spouse, partner, whatever BOTH intend to work, but it's pretty tough to make a very decent living on just one salary when you're feeding babies (and your other half is staying home raising said babies). Luxuries like nice cars and such are hard to come by. My advice is that you should get all the advanced schooling you can get your hands on. You've seen the poster that says, "Justification for Higher Education"? Well, besides weirdos like Bill Gates (who had an amazing idea), most people that own REALLY nice cars have advanced degrees, and are wise with their money. You should really read Rich Dad, Poor Dad. It's just common sense, but you'd be surprised how many people don't have that!

 

[Dave A]

Getting a good education is a good idea, you don't need one to make good money, but you need one to get a well paid safe job. I just got into the right market and was presented with the right opportunity at the right time , also the experience I have now and will have over the next few years stands me in good stead should I need to work for someone else again. This doesn't have much to do with the Z06 though, this threads been hijacked .

 

[skicrush]

Getting a good education is a good idea, you don't need one to make good money, but you need one to get a well paid safe job. I just got into the right market and was presented with the right opportunity at the right time , also the experience I have now and will have over the next few years stands me in good stead should I need to work for someone else again. This doesn't have much to do with the Z06 though, this threads been hijacked .

We haven't stayed on topic in this thread at all. But we have crossed back and forth over it fairly often!

 

[McLaren'sAngel]

Hiya! Meow! (='.'=)

Do you guys think that trade schools that teach specialty in automotive is a good place? I already plan on going to UTI now! I really think working at a dealership is good pay with some benefits! ESPECIALLY MERCEDEZ!!!

 

[skicrush]

Hiya! Meow! (='.'=)

Do you guys think that trade schools that teach specialty in automotive is a good place? I already plan on going to UTI now! I really think working at a dealership is good pay with some benefits! ESPECIALLY MERCEDEZ!!!

I know a kid that did that, and then went to work for Jag. He was in school for 2 or 3 years, and he got an in with them somehow. They were great--good pay great benefits, etc, and hey--he got to work on cars for a living!

 

[Swift]

Z06....hmm...I remember talking about that a few pages ago.

OH yeah, it's going to be an incredible American(go figure) sports car that can own most Porsche's for free.

That's what we were talking about right?

 

[McLaren'sAngel]

I know a kid that did that, and then went to work for Jag. He was in school for 2 or 3 years, and he got an in with them somehow. They were great--good pay great benefits, etc, and hey--he got to work on cars for a living!

Hiya! Meow! (='.'=)

mmmm I don't see Jaguar as a specialty program after you get the 51 week training on how to service everything in a car and Hot Rod U (performance/After market oriented training). Can't find it still! Must be lucky to be able to go out right away and get trained by Jag. GO UTI!

ANYWAYS! LETS GET BACK!

I would like Chevy to make the C6 Z06 look more different than the regular C6. I feel that some poeple can simply change the hood and such and make it a "fake" C6 Z06.

This is almost like the difference between a NA MKIV and a Turbo MKIV. THEY LOOK
THE SAME!!!! Except certain ones wont have the "turbo" badging on the back. Add some more details to the new Z06 so some people can't discrace the z06 name with a fake C6 Z06, get beat, and people will claim to have beaten a C6 Z06...(although the C6 is good already itself)

 

[skicrush]

Can anyone tell me what this really says? The translation given for it is so crappy you can't really tell what they're trying to say.

 

[Joey D]

Well I'll take a stab at it...let us see how Joey D's German is.

"It took first place in the GT1 class at Le Mans, and then something about it being short on Nurburging gas (?). With the ZO6 the track record should soon fall. This should be advertising for the new Sport Corvette (BD). Yet a good time of 7:40 minutes was ran at Nordschliefen. However it didn't pass other records such at one a 7:18."

I'm pretty rusty with German but it was a stab at it.

 

[skicrush]

LOL! Sorry! That was WAY worse than the one I had!

Any Germans around?

 

[Dave A]

There will be, wrong time of day right now I think.

 

[McLaren'sAngel]

Hiya! Meow! (='.'=)

What car ran it at 7:18?

 

[Famine]

The Donkervoort.

 

[Dave A]

A DRS 240 I think with the aero package, The Donkervoort did quite a few laps though but the Radical only had time for a handful and did one flying lap, they think they can get a few more seconds out of it yet.

 

[skicrush]

These supercar comparisons are gong to be quite interesting to read once this thing come out. The Ferraris and Lambos of the world will have to start leaning towards the luxury end of things to keep justifying those high prices.

 

[Dave A]

I dissagree, the people that buy Ferrari's now will continue to buy a Ferrari however good this turns out to be, it's an image thing.

 

[skicrush]

I dissagree, the people that buy Ferrari's now will continue to buy a Ferrari however good this turns out to be, it's an image thing.

I disagree with your disagreement. I think they'll drift more towards Aston in approach. The Z06, cheap as it is, will be in Ford GT and F430 territory--not a position that is comletely indefensible. IT may be a little faster, but not too much, and people will argue feel, feedback, fit and finish and such until they turn blue. But neither does the Z06 help their justification for super expensive, complicated solutions to problems when the vette's relatively cheap solutions yeild the same results. But the Blue Devil, should it ever see the light of day, will be comparable enough (leaving you some wiggle room instead of "equal"), that it will be difficult to justify the quadrupled expense in exchange for meager to negligible benefit. For street legal race cars--cars that are past the point of luxury, being stripped of amenities for the sake of weight savings.

I mean, let's say the Blue Devil does see production, and gets a time of 7:28 or 7:30 around the Ring. 10, 12 seconds better than the Z06 does it. Which is reasonable, I think. And will likely have the normal GM factory warranty, and require about the same level of maintenance (and maintenance costs) as your average corvette, or your average Silverado.

At some point, in the quiet of their studies, late in the night, the buyers of Enzos and CGTs HAVE to think, "What's wrong with Ferrari (or Porsche)? I paid half a million dollars for this car, the best production road car in the whole world. It's more expensive than a GT1 class Lemans race car, and almost as fast. And GM can make a car that is nearly it's equal for the same price as my wife's 7 series? That just CAN'T be right."