"The vette I got was an LT1 - the bare-bottom vette."

Aha! That's why it's a smoother ride than the Z:

Car&Driver: The Z06 is almost too much car for regular roads. On the highway, the ride is quite compliant, but it gets choppy over high-frequency, small-amplitude ripples. Surprisingly, it’s quieter than the base car at 70 mph, though the engine is more raucous under hard acceleration, when the V-8 snarls in a harsher, less mellifluous manner. The shifter still has a manly action but was a lot smoother than the base car’s. An observed fuel economy of 20 mpg is impressive considering the Z06’s capabilities.
Although the Z06 is even faster and grippier than the base car, it’s not as easy to drive hard on bumpy back roads, darting here and there in the braking zones. It crashes hard over the most pockmarked surfaces, and the steering feels a little less linear and more aggressive on turn-in.

One has to be young and stupid in order to be old and
wise.

After the 72-84 months. Procharger!!

Yeah, including the other 3 vehicle loans and credit card debt you have.....But, Hey! It's the American way (Which is why so many are in so much trouble these days)

Thats whats keeping me from getting my dream car. I have a loan on my car, just got the wife a jeep wrangler islander, and my daugthers car loan while she is in college. But when she is out of college and paying her own bills, dream car here I come. And a nicely loaded Vette will probably be on the list.

Words of mother fuckin wisdom. :iagree:

Well you can look at it two ways, one get the lowest paymnet you can by going longer in years cuz if you keep the car for the full length of the loan it doesnt really matter much. Two you can always pay more when $$$$ allow for it. Whe I get my so called dream car it will be a car that I keep for a very long time so if I pay on it 4 or 5 or whatever it wont really matter. A car is a loss no matter what way you pay for it so have fun in it and dont worry be happy.

One could say if you have to do anything on credit, you cant afford it.

Never more obvious than here. If the car can be bought yesterday for $42K, what's it worth today??....$38K?. That puts the OP $18,000 upside down even before the payments even start...Yikes!

:bowrofl: As a senior management level finance and banking individual with 34 years experience, I have purposly avoided posting/commenting in the thread :p

LOL...You have shown remarkable restraint!.....:bowrofl:

:bowrofl: I assure you it has not been easy :tup:

I guess, when you really wish Hard!
They sometimes do come true! :stirthepot:

This...exactly. Fact is the Z has SH|t value.

At the end of the day, the corvette is a whole $125 more a month, than my Z was. I can absorb that and not even blink.

People get themselves into trouble when they look at monthly payments instead of total cost. If you ever go to a dealership with the intent of financing through them, they always ask you "what is your maximum monthly payment?"

Translation, "how much per month can I rape you for?"

:iagree:

And yet...the night prior I decided while that I could afford 5yr terms, I can sleep better knowing that I can live with the terms that were agreed on...

There's the thought "I can always pay more" (and save myself on interest) - first priority after this is to get her Civic paid off, then roll that payment into my truck, then roll those payments into the Vette. I have no credit cards, I got rid of 21,000 of credit card debt in a year...WITH the Z payment being what it was. The loan is 4.75%/84 mo. It would have been 4.75%/72mo, or 0%/5yr, and I would have been stretching our budget more than I'd have liked (ie, dropping what we're tossing into savings by half)

Honestly, the best (financial) thing would have been for me to sell the Z outright and just walk away and take out a personal loan to finance what I'm under.

But since I posted a for sale thread here, everyone wanted to buy the parts off it, and not go off KBB...I asked $35K, and someone sh|t all over my thread saying "good luck with that"...KBB has it listed for 34...and I've got 2.5K in aftermarket stuff. And, who says I wouldn't take payoff...which I would have...

Anyhow...

Thats funny as hell but that guy might bring home a couple hundred every day. In El Paso we have beggers at every light and they are always getting a buck here and there at each light. I bet they make a hundred every day. I might dress up all bum like one weekend and pick a light and see what I get just to see.

And its tax free!!

But not everyone can look at it in the long run compared to month to month. I would rather have a nice house and nice car with low monthly payments and pay longer than get a house and car that I can really afford to save in the long run. Its all a matter of wants and needs. If you use credit you lose point blank. All you can say is that you are not losing as much as a person that got the same for a longer time but you both are losing money so either way if you dont pay cash its a mut point.

Yea baby and I might a free cig or two and some food.

Even then, who of us here *need* to drive anything more than a car/truck that costs $20K...

ME

True, 99% of the of us here would get by just fine driving a 2000 Ford Taurus that cost $3500. But what fun would that be? I'm not going to bust your balls, congrats on the car and I hope you really enjoy it. :tup:

Yep, Im on his side, play now, have fun, (cuz when you get old you might not be able to) get the lower payments so you can drive a higher end car. Like I said, all said and done we all lose money when financing, hell even if you pay cash you lose money, so enjoy. I might be there with you in a yr or two.