RiceEater

Returning from Kuwait soon and have about $10K to put down towards a ZR1. I'm curious as to how much you put down and how much your monthly payment is? Also, if you could share your interest rate.

Looking at buying new, but I'd also consider a used low mileage car. I have USAA and they have always been great to me and offer low interest rates.

Please no flames.. I visit this forum often in hopes that I would someday be able to afford the car of my dreams and I think this is the right time.

cflm3

$0.00.

I paid cash. I don't want any debt.

Dicecal

If your gonna do it, I'd find a 2010. Have seen them new at 99K now and you can still get 0% from Ally (GMAC)

Here is an example from a Forum Sponsor:

http://www.corvetteconti.com/blog/?p=12265

911/Q45

$0 I don't borrow money to buy toys.

ufaj26

If you do decide to go used. Pen Fed Credit Union is advertising 2.49 APR if your credit score is good. Assuming 60 months that would be about 535.00 per 30,000.00 financed. These numbers aren't exact but they're very close. 0% is the best there is if you qualify!!

Good luck on your search.

Thank you for your service !!!

b16gsr

I have used them for years, and have the Z06 financed with them. Easiest financing company I have used.

QUIKAG

Please don't take this the wrong way and I'm sure many would disagree with me, but I wouldn't buy a ZR1 or like vehicle (i.e. six-figure car) if you couldn't just pay cash for it. If you need to finance, I would personally seriously consider a GS or Z06 (slightly used). You get 80% of the car for less than half the money.

This is a toy and should be a cash purchase IMHO.

gilly6993

I disagree as people's fiancial situtaions are all different.....I bought my ACR for 100K last year with no money down and 3.99% for 5 years....paid it off in 11 months....I have a mental thing with writing a huge check

Gering

Thanks for your service OP: Also take a look at https://www.navyfederal.org/ I like to use USAA for my car insureance and Navy Fed for everything else.

Good Luck!

Supersonic_ZR1

Blue by U

Why would you pay cash when you can borrow for 0 apr? If you can afford the payment and you want it, go for it!! You only live once and you cant take it with you!! Just my opinion.

jmc5

At nearly $4000, thats more than a "thing", closer to a phobia!

3LZZ06

My question to all of you that won't borrow at 0% to buy a ZR1...

Do any of you owe a mortgage for your house at 4-6%?...

Racer

0% isn't really 0% I will stick with cash.

UGAZR1

In what way?

'06 Quicksilver Z06

Homes generally don't depreciate like cars.

Though one could argue that if it's the same money, then you may as well stretch it out.

But usually the car has a bit of higher sale price with the 0% deals, than if the other incentives are taken and it's done as a cash deal.

After mulling it over, I'm pretty much convinced, there really is no right answer, or right way or wrong way to buying one of these cars though. No matter what, it's not a practical purchase. Probably no Corvette is. So it follows there is not likely a practical way to pay for it.

Either way you go, pulling $100K plus out of available cash on hand or going with 0% financed, or going used or new, is going to have advantages and disadvantages.

I'd hate for a lender to be into me for $1,400.00 plus a month until this time in 2017. I'm one of those people who will go ahead and pay cash for a toy, which when you get down to it, is what these vehicles are.

911/Q45

The OP doesn't have $100K cash, he's got $10K. So he's on the hook for the rest even if the military has a big drawdown after we pull out overseas and he's out of a job.

BT ZR1

That is to much to borrow for a car. Do not leverage for depreciating toys. If you want to leverage then buy an income producing asset. Thanks for your service .

TRR

I had a choice of 0 per cent or $4,500.00 rebate. I choose to pay cash. No way my money would have paid me that kind of interest over 60 months.

TRR

hcvone

I pay cash for cars unless I am being offered 0%, and there has been plenty of 0% offers the last few years.