~Stingray

I know there seems to be a lot of people who are not fans of the new C7. And some have already started talking about the C8.

I for one like the new C7. But was curious, if the car does well the first year, what would be time line before they release a C8? I know there is no way to really know this, but I though from the people who have been buying and watching the corvette market might recognize some trends and give a year range.

JerriVette

Five to nine years...

Five at best.

BWF07

I would think something like 5-7 years. The C9 ran longer then GM wanted, but that was because of the financial issues they had.

-CM-

Way too many variables to make an accurate guess. GM didn't plan on the C6 lasting as long as it did, and I would bet they haven't even begun thinking about the C8.

gthal

Most cars have a 7 year life cycle +/- and I expect the C7 to be the same. Even if it were a catastrophic failure (which it will not be) all that would likely mean is a mid cycle refresh because developing a completely new car can't happen much before the normal time frame for the next generation.

punky

We should hope that the C7 sales will justify an eventual C8 model. GM has done their homework with the new C7. The car is already a hit but will need some luck to elevate its sales numbers over those of the C6 which have been anemic for years.

The sales of high ticket luxury items are under great pressure in an era of increasing taxes, socialistic regulations, and wealth redistribution. A return to Capitalism would revive our stagnated economy, and help the Corvette in the longer term

Glenmcp

As far as I will go is to say five years or more. There are way too many variables. No way to see what will happen with the economy, auto industry etc. etc.

gthal

Or maybe its as simple as people spending money they didn't have that falsely drove the economy. People were buying/leasing cars that were more than they could actually afford and that stopped. Hell, people making $75,000 a year were leasing $60,000 vehicles due to low rates, credit being available to anyone and their dog, and unrealistic residuals. Those things (other than the rates) are gone and so are the unsustainable buying habits. It was a false economy fed by debt spending. I don't think it had anything to do with the health of capitalism because that came later... but this is off topic.

punky

I can remember all the post I've read over the years about guys using equity lines of credit and 2nd mortgages to buy sports cars, boats, etc. It was dumb for many as the house of cards easily came crashing down. I wrote a check for my last C6 and the guys at the dealer looked at me like I was some kind of a circus freak. Amazing what you can do when you work your *** off and live without country clubs and Rolex watches. Totally agree with what you said but lets face it, Capitalism is being legislated out the back door.

drivestwin

The value of hard work is what is vanishing. Too many people get too much for doing too little.

Big congrats on earning your way to a 100% paid for C6!!!!

JoesC5

Last home I purchased on credit was in 1977, current home(1990) I paid cash. I paid cash for the last seven cars I've purchased. I haven't paid interest on a credit card in the past 25 years(paid in full monthly).

If I don't have the cash to pay for something, I wait until I do.

~Stingray

I think that is a great idea. And I do the same for my credit cards as well.

But some people just can't do that. Or really don't want to. I live in maryland and a average to low home is around 200K. I am not going to live in an apartment paying for someone else's retirement until I am 50 and can afford to pay the house in full.

punky

It is a really good policy if you can do it. I've got my ammo dry and ready for a C7. The discounts on C6s are getting enticing. The supporting dealers here who post their C6 inventory and discounts have some great deals, may just take on another C6 for now and go with a C7 in a couple years when they have the 5 figure discounts.

Sin City

I don't know if I would be pushing too hard for the next model. The C7 may be the last with 8 cyl and this much HP standard.

gthal

Valid point... everyone else is going FI.

OnPoint

george vee

The C8 should be out after we read 2 million posts about the C7... ROFLMAO

gthal

And then there will be 2 million further posts on the C8 about how GM is deceiving us and how they messed up the newly designed front and it is a failure

CRABBYJ

My wife and I do this too. But I did buy a Buick in 2007 where the first month payment (int+principle) on the loan was free. Used a trade, cash and the balance was a 6 month loan for $2000/payment. An instant rebate than paid off the loan with Cash the next month. Interest accrued was under $100 for a net savings of about $1900.

ck9887

If you can get a 0% interest rate, there really is no reason not to borrow the banks money if it's free...


Anyways, regarding the topic. Hopefully the C8 will be out sooner than later. Although I really don't see the C8 getting any better with the direction that GM is going.