mustang1999

What?. Once she turnes into a wife she probably will put her foot down and it will be no more two seat sports for for the poor guy. Bad advise. Get your toys before getting married.

05dsom

no.

jke_mn

OP could just wait until there are ObamaVette's to go with the ObamaPhones.

merim123

OP - I can't believe we got to 9 pages and not a single person said the truth = BUYING A CORVETTE IS AN EMOTIONAL DECISION! LOL

It will never make sense from a cash perspective, from an investing perspective nor from a resale perspective. Sure as hell will never make sense from the DD perspective being in Wisconsin.

Buy it so you get that great grin on your face and hear that exhaust and put it out sideways, and dump the clutch and smell the new interior and go live your life! Take your fiance out in it through the back wisconsin roads and enjoy it! You will never forget the experience or the fun you had and you will never be that young again!

dmporter31

Thanks! Life can end rather abruptly as posted elsewhere so I'm going to enjoy this bit of it while I can. When I got the original news that I had lung cancer, some of my first thoughts were of regret for all the things that I wanted to do with my life and hadn't gotten to yet. So this will be crossing one of those off the list

merim123

second congrats to you and beating cancer! lost a dear friend 6 months ago to cancer and he was your age. It's great to hear the success stories now, they register so much more.

chirovette

Take your money....start your own business....and see how much money you'll make when you own your own business. Just saying...from experience. I started my own business 10 years ago and I now make enough money to buy all my dream cars. Be smart with your money man. Make it work for you. I tell my kids the same motto "you only live once"....so go do something with your life and you can enjoy it to the fullest.

Michael A

I would have made a lot more money staying in the corporate life. I don't regret starting my own business, and, in fact, it was my calling. However, it is no slam dunk to riches, and you will never work harder either.

Michael

Michael A

Don't let the car end up being a ball and chain financially. However, I would not give up on your dreams. You may just have to do things a bit differently, than walking into a showroom and putting in an order.

Corvettes depreciate a lot in the first year. Even if someone did zero maintenance in the first year, the car would still be in good shape. Many Corvettes are garage queens, so have very few miles. They are like new cars at a heavily discounted price. If you buy one during the snow season, you can often save some money.

Wait for the market to simmer down, and for the first owners to start selling them.

Michael

Double_j01

I love the fact that "Can I afford it?" posts always blow up on car forums. I'll add another non-definitive answer!

If $60K is your only income and you need it for general day to day life, then no.

If the $60K is more or less totally disposable (i.e., general living expenses are covered via some other means), then yes.

The 1/4 to 1/3 guideline is pretty good advice. Who knows - by the time you're ready to buy you might be making a lot more than you're making now and the choice will be easy.

Also - don't finance a used car for 6 years. By the end of the loan, the car will be 8 or 9 years old. Do you really want to be stuck with a payment on a car that old?

Vetteheaven67

Bill17601

What you earn is not as important as what you spend. Have no bills, no expense $60,000 is good money. Subtract what you have to spend..what you have left is disposable income...

MikeMaj82

why don't you just save up more for a bigger down payment? I don't understand how people can pay anything over $400 a month for a car. My Vette is the most expensive payment I've ever had out of the 4 other cars I've owned in my life, and the monthly payment is only $321.

lt4obsesses

A wise man once told me, "You can do anything you want, as long as you are willing to pay the price."

So, you will obviously have to make some choices, "get the Vette and give up (insert whatever). When I bought my '96 LT4 w/ 24K miles 7 years ago, I overpaid a litte bit. It was the nicest one I could almost afford at the time. Sure, there were alot of other, smarter things, I could have done with that $420 a month for five years, but 125K miles of smiles later, I have no regrets. I didn't miss any meals and never had to sleep in the car. Life is a balance between planning for the future and enjoying today.

I personally will own a C7, but it most likely won't happen in 2014. (Unless I pick the right 6 numbers)

lt4obsesses

How is it that they always seem to find the most eloquent speakers in the group for these things.

lt4obsesses

I can't believe it took 170 posts before this came up.

fishbust

What about insurance?

Never-Enough

What kind of business should we all start? I want to open my own car lot, but I do not have $200k in the bank to do it.

Never-Enough

B/c that money is better spent in the bank for a rainy day or invested making $ for you vs dumping it down on a car.

MikeMaj82

If you're deciding on whether to get a nice car or save the money for a rainy day, you should not be looking at nice cars.