C6 Corvette General Discussion General C6 Corvette Discussion not covered in Tech
Sponsored by:
Sponsored by:

The $14,000 decision...help?

Thread Tools
 
Search this Thread
 
Old 05-24-2009, 01:39 PM
  #41  
Zoxxo
Safety Car
 
Zoxxo's Avatar
 
Member Since: Nov 2006
Location: San Jose California
Posts: 4,025
Received 266 Likes on 98 Posts

Default

Originally Posted by EuroVette07
Don't let these Z06 owners try and talk you in to something that you don't need.
Don't let these NON Z06 owners talk you OUT of something you don't need.

You don't NEED either car. Both are luxuries above and beyond anything anyone rational would consider to be basic transportation.

The real plus of a Z is that it *is* stock. Yes, you can get all sorts of performance with turbos and cams and headers and superchargers and such for the C6, but in the end you have to deal with any consequences yourself. There's nothing wrong with that if that's what you want to do. For my money there is value in the simple fact that I can buy a STOCK car that looks great and hauls serious butt. And if anything goes wrong along the way there is a (admittedly shrinking) dealer network across the country that can deal with it. And, as was pointed out, you can probably find a good 07 around that still have some 5 year/ 100k mile warranty on it. That's a nice plus, too.

The Z is just fine as a daily driver, too. I have 40k miles on mine in just 2 1/2 years and maybe 3/4 all of it is on city streets. I've done 2500 mile interstate trips in it, too (just change out the tires so the stock Goodyear road noise won't drive you batty all day.)

Btw, all this yapping abut resale value is silly. Almost by definition the resale value of an UNmodified car will be higher. But either way these cars are not Barrett-Jackson material and even if they ever are, it won't be in our lifetimes. So put that out of the decision process.

Yes, you can build a C6 into a thumping beast but then that's what you have - a hot rod and all that implies. Again, there's absolutely nothing wrong with that if screwing around with mechanicals and/or being a beta tester for 3rd party tuners and parts makers is your thing. Been there, done that. I'm enjoying 500 hp that I don't have to fiddle with or worry about.

And I take back what I said - DO go test drive one.

Z//
Old 05-24-2009, 01:42 PM
  #42  
moolys
Le Mans Master
 
moolys's Avatar
 
Member Since: Nov 2006
Location: Folcroft NE Pennslyvania
Posts: 7,988
Likes: 0
Received 1 Like on 1 Post
St. Jude Donor '09
Default

if you need more horse power I go with a super charger or turbo set up
Old 05-24-2009, 01:59 PM
  #43  
widgetsupply
Burning Brakes
 
widgetsupply's Avatar
 
Member Since: Mar 2009
Location: Albany Oregon
Posts: 1,211
Likes: 0
Received 1 Like on 1 Post

Default

My question is why do you want a Z06? You haven't had your vette long, so how long do you think you will be happy with the Z06? I'd say put most of the money in the bank. Take a little and try to figure out how to make yourself a glass half full kind of person and be happy with what ya got.
Old 05-24-2009, 02:00 PM
  #44  
boardroomjimmy
Racer
 
boardroomjimmy's Avatar
 
Member Since: Apr 2007
Location: washougal wash.
Posts: 351
Likes: 0
Received 0 Likes on 0 Posts
Default

So, you've had your '06 for 8 months and you are ready to move on? If money is not an issue, why didn't you buy a Z 8 months ago? I think you should add a catback to your '06 and enjoy it for a while, the extra exhaust note will add to the experience, making it seem faster. You really can't use the extra h.p. on the street anyhow. Unless money really isn't an issue (lucky you) less may be more. A car payment that's a burden will ruin all fun of ownership. I've struggled with this myself, I'll get the car I want, just to want more 6 months later. It's neverending.
Old 05-24-2009, 02:25 PM
  #45  
softballer
Melting Slicks
 
softballer's Avatar
 
Member Since: Apr 2009
Location: Central Ohio
Posts: 3,087
Likes: 0
Received 0 Likes on 0 Posts
Default

I would get the z06. What are you going to do with that 14k when you die. Sprinkle it over your casket for insulation?
Old 05-24-2009, 02:41 PM
  #46  
BobGomez
Instructor
Thread Starter
 
BobGomez's Avatar
 
Member Since: Oct 2008
Location: OKC OK
Posts: 131
Likes: 0
Received 0 Likes on 0 Posts
Default

Well I had originally been talked OUT of getting a Z because of people I know telling how much better life would be not using a track car as a daily driver...well I bought a '06 Z51 and after riding around in that I figure well what the crap this isn't that bad...

Money really isn't a problem guys...although I like the monetary breakdown logic that's presented in this thread..I pay for all of my vehicles in cash, this car cost me $34 when I picked it up and looking around at prices -in my area- my cash-out is probably around 32 now

If I'm honest with myself, I like the name recognition, more power, and the Z looks alot nicer
Old 05-24-2009, 03:20 PM
  #47  
'06 Quicksilver Z06
Team Owner
 
'06 Quicksilver Z06's Avatar
 
Member Since: Aug 2003
Posts: 38,314
Received 30 Likes on 25 Posts

Default

Originally Posted by BobGomez
Well I had originally been talked OUT of getting a Z because of people I know telling how much better life would be not using a track car as a daily driver...well I bought a '06 Z51 and after riding around in that I figure well what the crap this isn't that bad...

Money really isn't a problem guys...although I like the monetary breakdown logic that's presented in this thread..I pay for all of my vehicles in cash, this car cost me $34 when I picked it up and looking around at prices -in my area- my cash-out is probably around 32 now

If I'm honest with myself, I like the name recognition, more power, and the Z looks alot nicer
with all of the above. And you certainly don't have to "explain yourself" and "why do you want a Z06" to people who don't get that.

With the Z06, you have, by many, if not most, auto enthusiast's definitions, a true supercar. The performance capabilities of the car are legend. You have the name recognition, the from the factory power, the Z06 heritage and lineage, a warranty depending on what year you buy, a network of dealers across the globe who can service it.

Just today, I pulled into a gas station, had to go inside. Came out and this one young man of about 20 or so, had gone islands over just to get a look at my car while his buddy pumped the gas in their pickup truck.

He acted as though he had never seen a Z06 up close. Circling it, getting down so that he could look beneath it, at the stock splitter, and the exhausts. When I came out: "Wow, thats a Z06???? You have good tastes." I wound up talking to him for the next few mins or so about the car. So yeah, people recognize it.

Good for you in being "honest" with yourself in what you want, instead of trying to take a shortcut, going out into your garage, and trying to turn your current car into what you really wanted to buy in the first place, and then coming in here and trying to convince yourself, and others, that you had somehow done it because you now have "more power" than a stock Z06. ......It still ain't a Z06.

I would not spend another quarter in that endeavor. Indeed, I didn't. Believe me when I tell you, you will be a lot happier going ahead and getting what you want, if you can swing it.

With all due respect to the person who asked it, but WTF kind of question is that; "why do you want a Z06?" This ain't a job interview, or the inquisition. And this is his money we are talking about here. He doesn't have to "explain" to us why he wants a Z06. He wants one 'cause he wants one.

Originally Posted by Zoxxo
Don't let these NON Z06 owners talk you OUT of something you don't need.

You don't NEED either car. Both are luxuries above and beyond anything anyone rational would consider to be basic transportation.

The real plus of a Z is that it *is* stock. Yes, you can get all sorts of performance with turbos and cams and headers and superchargers and such for the C6, but in the end you have to deal with any consequences yourself. There's nothing wrong with that if that's what you want to do. For my money there is value in the simple fact that I can buy a STOCK car that looks great and hauls serious butt. And if anything goes wrong along the way there is a (admittedly shrinking) dealer network across the country that can deal with it. And, as was pointed out, you can probably find a good 07 around that still have some 5 year/ 100k mile warranty on it. That's a nice plus, too.

The Z is just fine as a daily driver, too. I have 40k miles on mine in just 2 1/2 years and maybe 3/4 all of it is on city streets. I've done 2500 mile interstate trips in it, too (just change out the tires so the stock Goodyear road noise won't drive you batty all day.)

Btw, all this yapping abut resale value is silly. Almost by definition the resale value of an UNmodified car will be higher. But either way these cars are not Barrett-Jackson material and even if they ever are, it won't be in our lifetimes. So put that out of the decision process.

Yes, you can build a C6 into a thumping beast but then that's what you have - a hot rod and all that implies. Again, there's absolutely nothing wrong with that if screwing around with mechanicals and/or being a beta tester for 3rd party tuners and parts makers is your thing. Been there, done that. I'm enjoying 500 hp that I don't have to fiddle with or worry about.

And I take back what I said - DO go test drive one.

Z//
Again Once you have been an unwitting "beta tester" for some of these vendors in here, and have a horror story of your own to tell as a result, like some of us in here do, you develop an increased appreciation for what the car is, be it a base Vette or a Z06, just as it came from out of Bowling Green.

To Zoxxo, I don't think people are talking about "resale" from a Barret Jackson standpoint, but rather from a standpoint of:

"What is your threshold for how much money you are willing to lose in one of these cars, whichever way you decide? Because you are going to lose money whichever way you go, how much are you willing to lose, before it becomes uncomfortable for you?"

Last edited by '06 Quicksilver Z06; 05-24-2009 at 05:51 PM.
Old 05-24-2009, 03:28 PM
  #48  
EuroVette07
Instructor
 
EuroVette07's Avatar
 
Member Since: Mar 2007
Posts: 243
Likes: 0
Received 0 Likes on 0 Posts
Default

You know it really doesn't matter what you do, the point is you own an American icon and you should be proud whether it's a base, Z06 or ZR1. The bottom line is it is a CORVETTE. How many other 50k cars are there in the world that can beat it? Dollar for dollar it can't be beat. Europeans have thier luxury sport cars but you have to go into 6 digits to get one that can compete. Whatever you choose just enjoy it.
Old 05-24-2009, 05:32 PM
  #49  
widgetsupply
Burning Brakes
 
widgetsupply's Avatar
 
Member Since: Mar 2009
Location: Albany Oregon
Posts: 1,211
Likes: 0
Received 1 Like on 1 Post

Default

Originally Posted by BobGomez
Well I had originally been talked OUT of getting a Z because of people I know telling how much better life would be not using a track car as a daily driver...well I bought a '06 Z51 and after riding around in that I figure well what the crap this isn't that bad...

Money really isn't a problem guys...although I like the monetary breakdown logic that's presented in this thread..I pay for all of my vehicles in cash, this car cost me $34 when I picked it up and looking around at prices -in my area- my cash-out is probably around 32 now

If I'm honest with myself, I like the name recognition, more power, and the Z looks alot nicer
Heck if you can sell it for only a $2K loss, there really shouldn't be much of a question in my book. $2k is only $250 a month over 8 months. My comment came from my experience, I have spent a lot of my life as a glass half empty person always questioning my choices rather than living with them.

I was totally not interested in a Z because of all that I've read in magazines and seen on tv, but after finding the forum it seems like owners are very happy with them. I think I have spent way too much time reading magazines rather than driving. Should have bought a Vette a long time ago.

For peace in your marriage though, I would recommend being really, really sure that a Z06 is what I wanted before trading.
Old 05-24-2009, 05:39 PM
  #50  
NormWild
Drifting
 
NormWild's Avatar
 
Member Since: Apr 2008
Location: Lehigh Valley Pennsylvania
Posts: 1,955
Received 20 Likes on 17 Posts

Default

Sounds like your mind is already made up, so go buy the Z and enjoy. Personally, I could think of a 1000 other things I would rather do with $14 grand.
Old 05-24-2009, 05:42 PM
  #51  
yanniz
Burning Brakes
 
yanniz's Avatar
 
Member Since: Feb 2006
Posts: 782
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by BobGomez
Well I had originally been talked OUT of getting a Z because of people I know telling how much better life would be not using a track car as a daily driver...well I bought a '06 Z51 and after riding around in that I figure well what the crap this isn't that bad...

Money really isn't a problem guys...although I like the monetary breakdown logic that's presented in this thread..I pay for all of my vehicles in cash, this car cost me $34 when I picked it up and looking around at prices -in my area- my cash-out is probably around 32 now

If I'm honest with myself, I like the name recognition, more power, and the Z looks alot nicer
buy it then....if money is not a problem then why throw the money at something to make it similar to Z, just buy the Z which sounds like it is what you want....
Old 05-24-2009, 05:45 PM
  #52  
Maui
Le Mans Master
 
Maui's Avatar
 
Member Since: May 2006
Location: The left Coast
Posts: 8,824
Likes: 0
Received 2 Likes on 2 Posts
St. Jude Donor '08

Default

It sounds like you a case of Z envy. Follow your head and not your heart. In today's economy I'd recommend hanging on to your 14k. JMHO
Old 05-24-2009, 07:38 PM
  #53  
musclecar6
Le Mans Master

 
musclecar6's Avatar
 
Member Since: Oct 2004
Location: Ft Mill, SC
Posts: 9,217
Received 148 Likes on 104 Posts

Default

Here's the thing. If you spend 14 grand to mod the C6, you'd be lucky to get back maybe a couple thousand when you go to sell on the mods. So let's say the C6 is worth maybe 30 right now, you put 14 grand in it & you sell it in 2 years. You'll probably get about 22,000 for it. If instead you pay 46 grand for the Z06 & sell it in 2 years, it'll probably depreciate about 5 grand a year, so you could sell it for about 36 grand. So the C6 costs 14,000 in mods + 8000 in depreciation = 22,000 & the Z06 costs 10,000 in depreciation. That means the C6 cost you 12,000 dollars more & you have no warranty. Unless you must have the see thru/ removable roof of the coupe, convertible or auto, I would go with the Z06.
Old 05-24-2009, 07:46 PM
  #54  
Red Cell
Melting Slicks
 
Red Cell's Avatar
 
Member Since: Apr 2007
Location: Vancouver
Posts: 2,493
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by Zoxxo
She's a woman so of course she thinks something is wrong with your head. How is that relevant?



IF you can actually afford to "throw it out the window" (your financials are truly healthy and all this financial downturn stuff is really more an annoying drone on the evening news than anything else) then get the Z06 and enjoy it. Life is short so make it as sweet as you can.

A tip: do NOT test drive a Z06 until you can afford to buy one

Z//
Eloquently said.

Red Cell.
Old 05-24-2009, 09:33 PM
  #55  
AORoads
Team Owner
 
AORoads's Avatar
 
Member Since: Jun 2005
Location: Northern, VA
Posts: 46,111
Received 2,485 Likes on 1,947 Posts
St. Jude Donor '15
"In honor of jpee"

Default

Originally Posted by musclecar6
Here's the thing. If you spend 14 grand to mod the C6, you'd be lucky to get back maybe a couple thousand when you go to sell on the mods. So let's say the C6 is worth maybe 30 right now, you put 14 grand in it & you sell it in 2 years. You'll probably get about 22,000 for it. If instead you pay 46 grand for the Z06 & sell it in 2 years, it'll probably depreciate about 5 grand a year, so you could sell it for about 36 grand. So the C6 costs 14,000 in mods + 8000 in depreciation = 22,000 & the Z06 costs 10,000 in depreciation. That means the C6 cost you 12,000 dollars more & you have no warranty. Unless you must have the see thru/ removable roof of the coupe, convertible or auto, I would go with the Z06.
I don't see the math that way. If Bob's got $34K into his purchase of his C6 which is now worth $32K, to buy his Z06, he will spend an added $14K for a $46K Z06. $34K original purchase + $14K= $48K are his all-in costs to get a Z06.

If the Z06 is then "worth" at the end of two years, $10K less than purchase price of $46K, that means $36K. $48K-$36K = $12K "loss," assuming he sells it.

The other way, on his stock C6 that he adds $14K in mods, and that is "worth" in 2 years $22K, that is a $34K original purchase price + $14K mods = $48K cost. Subtract $22K value at end of 2 years, and that means he's got a "loss," if he decides to sell it of $26K.

This assumes many things not least of which is current value, depreciation per year, cost of used Z06, etc.
Old 05-24-2009, 10:11 PM
  #56  
'06 Quicksilver Z06
Team Owner
 
'06 Quicksilver Z06's Avatar
 
Member Since: Aug 2003
Posts: 38,314
Received 30 Likes on 25 Posts

Default

Originally Posted by AORoads
I don't see the math that way. If Bob's got $34K into his purchase of his C6 which is now worth $32K, to buy his Z06, he will spend an added $14K for a $46K Z06. $34K original purchase + $14K= $48K are his all-in costs to get a Z06.
He bought his 2006 C6 back in October of 2008 though. So that approx 7 months of use cost him 2K.

Or a little under $300.00 a month.

Since he can't "rent" one for that much, for that period of time, I'd call that $2K a wash.

Especially since presumably he will be getting out of it and moving to a newer car, and a more powerful car, an improvement, in many ways, over his current car.

He can just figure that he rented a 2006 C6 for 7 months, since he is getting ready to flip it, ie in effect, take it back to the "rental place".

Similar to if he had rented a ZHZ for 7 months, though that would have cost him much more than 2K.

So he is still at 46K for the Z06 instead of 48K, because we are talking two different cars ie he is moving on to a different car.

The 2K represents his fee for use of the car for those 7 months.

The biggest way he loses, is if he puts more hard earned money into the car he currently has. A car which he is itching to "take back" to wherever it was he got it from, or move on to someone else. Anyone else who will take it off his hands for 32k, hes not particular about whom.

He is tired of using it, and wants to "cash out" and move on to something else for himself. If that only cost him 2K for 7 months, he ought to be doing back flips. He ought to get out of it as soon as he can, if the sting for 7 months is only going to be 2K.

I'll even do you one better. For 2K over nearly 8 months, he should have been out of it already. And should be posting up that he has just bought a Z06.

He is trying to "start over" but this time with a Z06. Best way for him to do that is to cut his losses and get rid of the current car, by any reasonable means necessary. His "losses" for 7 months, really aren't that bad.

If he cashes out now, and antes up at another table, letting it all ride, the whole 46k, then he doesn't get hurt too bad.

If he stays at the current table and antes up another 14 grand of his money, ....14 grand that everyone in here knows that he will never see again, ie a "sucker's bet", for a total of 48k, then when he finally does get ready to cash out, he is going to take it in the shorts.

Sure he may enjoy the mods for a while, (the equivalent of the excitement of sitting at the table and staying in the game for a while, and having the spectators look on and such. But all the while knowing that in the end, you are going to lose your ***, no ifs ands or buts about it.)

Its time to cash out and move to another table.

Originally Posted by AORoads
If the Z06 is then "worth" at the end of two years, $10K less than purchase price of $46K, that means $36K. $48K-$36K = $12K "loss," assuming he sells it.
See above. And all thats if the Z06 price drops to 36K in two years, which I don't believe that it will. But then it might. Who knows?

Either way, he still only has 46k into the Z06. The other 2 grand was a "usage fee" for the 2006 for 7 months.

And yet another way to look at it is this: that same Z06 which he is about to pay 46 for tomorrow, would have very possibly run him 48 back in October, when he first started out.

So he still comes up smelling like a rose.

Originally Posted by AORoads
The other way, on his stock C6 that he adds $14K in mods, and that is "worth" in 2 years $22K, that is a $34K original purchase price + $14K mods = $48K cost. Subtract $22K value at end of 2 years, and that means he's got a "loss," if he decides to sell it of $26K.
He can flip the 2006, get out from under it now, and the whole experience for 7 months only cost him 2 grand. The former governor of New York, paid more than that for a "date".

If he holds that current "rental", which he really wants to get rid of/take back to the rental place, and dumps another 14K of his money into it, then like you say, when he goes to flip it two years later, he is looking at a 26K loss, or thereabouts, for that particluar car.

He buys the Z06, he gets to enjoy two different cars. One an upgrade over the other.

Originally Posted by AORoads
This assumes many things not least of which is current value, depreciation per year, cost of used Z06, etc.

Last edited by '06 Quicksilver Z06; 05-24-2009 at 11:30 PM.
Old 05-24-2009, 11:10 PM
  #57  
JerriVette
Race Director
 
JerriVette's Avatar
 
Member Since: Nov 2003
Location: Bergen county NJ
Posts: 15,824
Received 3,948 Likes on 2,177 Posts

Default

Originally Posted by BobGomez
Well I had originally been talked OUT of getting a Z because of people I know telling how much better life would be not using a track car as a daily driver...well I bought a '06 Z51 and after riding around in that I figure well what the crap this isn't that bad...

Money really isn't a problem guys...although I like the monetary breakdown logic that's presented in this thread..I pay for all of my vehicles in cash, this car cost me $34 when I picked it up and looking around at prices -in my area- my cash-out is probably around 32 now

If I'm honest with myself, I like the name recognition, more power, and the Z looks alot nicer
If you can get in and out of your convertible for a couple of grand and you want the Z06..then go for it.

i'd say if you can get in and out of your convertible for less than 5600 I'd still say go for it..

Good luck and the z06 rocks!

Get notified of new replies

To The $14,000 decision...help?

Old 05-24-2009, 11:35 PM
  #58  
'06 Quicksilver Z06
Team Owner
 
'06 Quicksilver Z06's Avatar
 
Member Since: Aug 2003
Posts: 38,314
Received 30 Likes on 25 Posts

Default

Originally Posted by JerriVette
If you can get in and out of your convertible for a couple of grand and you want the Z06..then go for it.

i'd say if you can get in and out of your convertible for less than 5600 I'd still say go for it..

Good luck and the z06 rocks!
His '06 is a sinking ship.

He can get off of it for 2 grand, or he can add 14 grand to it, and still watch it sink. .........And take his 14 grand with it while it sinks.

If he can get off of it for 2 grand, and hop onto another, more sturdy boat for the same ticket fare, he'd be crazy not to.
Old 05-24-2009, 11:52 PM
  #59  
BrooklynC6
aka allbottle¬hrottle
 
BrooklynC6's Avatar
 
Member Since: Jun 2007
Location: Brooklyn New York The DVL and the chicken sleep with the fishes....
Posts: 13,759
Likes: 0
Received 0 Likes on 0 Posts
St. Jude Donor '08

Default

Comes down to the top .

If you love having it off , the Z06 will make you unhappy .

If you dont need the wind in your face , go with the Z .

Also , you dont need to spend 14k on mods . Get an A&A supercharger installed and ready to go for 7k , and you're running with the Z06's on everything but the road course .
Old 05-24-2009, 11:57 PM
  #60  
Deep Silver C6 Z51
Burning Brakes
 
Deep Silver C6 Z51's Avatar
 
Member Since: Jun 2005
Posts: 787
Likes: 0
Received 0 Likes on 0 Posts
Default

Get the Z06.

You'll never be as close in the trade than you are right now.

Enjoy the new Z and don't look back.


Quick Reply: The $14,000 decision...help?



All times are GMT -4. The time now is 02:58 PM.