Michael T*

With a zero percent loan the entire payment goes to principal. I was answering the cash vs financing scenario, because if you buy the car, these are the choices. You would have the original amount you financed to pay any gap. You can also insure the gap.

ZO6 cracker

GM really trying to sell off the remaining 19’s with the 0%. This is the second time I have only seen GM do the 0% financing on a corvette. I did mine in November Black Friday 2018 on my 19 Z06 they were offering 36months 0% financing. I was all over that. I owe less than 2 years on my Z. Saving all that interest. 72 months a long time but then you are saving a lot. Tough call.

Chubbydog

When i purchased my GS last month, this is exactly what i was offered. I tried getting both the $2000 cheaper price, and the 0% financing, but it wasn't gonna happen. I ended up taking the $2000 off, and financing through the credit union so they could get their kickback. I think it was roughly 3%, and then just paid it off 2 weeks later. I think i paid about $50 in %.

WickedSpeed

I almost bit on doing a 0% loan on a clearance C7, but for slightly less money than a new base C7, I discovered that I could actually get a used Z06. A Z06!

It was a no-brainer for me. I wouldn't be spending thousands modifying a NA base C7, agonizing on which mods to buy and order (and probably have problems with supply and shipping due to COVID-19), invaliding a warranty, dealing with shops and tuning for what I couldn't handle myself. Granted, I'll be stuck with a older model and no factory warranty (has aftermarket extended) once it arrives, but I think that going up to the Z06 level is totally worth it.

My numbers for those who are interested - 4.65% financing through PedFed at 60 months (5k extra out of pocket in interest alone), but will likely pay it off in less than half of that amount of time with large payments up front - will cost me 1-2k out of pocket in interest charges alone in the end).

-Wicked

lostsoul

If your getting a Z06 you better move to a bigger Island

Bruceski

If the car is totaled you're still losing money, either way. If you're right side up, that just means you've already sunk the payments. If you're upside down, you take the hit later. With inflation being like death and taxes, I'll always opt to take the hit later. And the LTV gap means nothing, as long as the plan is to keep the car. At 0% interest, the best option is to put nothing down, stretch the term as long as possible, and use depreciated money to pay the car off. The math I did earlier tells the story: buying a car for $70,000 now and financing it for 7 years is like paying $60,874 dollars for it later. That more than makes up for the $2000 rebate you'll lose when financing.

Skid Row Joe

Any finds? AutoNation on Hwy 183 Research had about 25 of em last time I was by there. Several sticks. Capitol Chev. on I-35 Internet Sales Manager, is who gave me my lead on the new 2017 Stingray 3LT/M7 FE2 I bought in Houston from Mac Haik Chev. I-10.

mtaxman

With a good trade or private sale you have a lot to put down.
Free money is good.
Use the C6 in this deal for front money; pay off the loan in 36 - 48 months.
Insure it for "Agreed Value" or "stated value."

Nothing wrong with this idea. BUT get a 2LT in my opinion.

919cw313

Using your scenario, he's actually better off (slightly) by taking the rebate and financing thru Penfed or another lender than taking the 0%.

Candy7

Go for it. The interest money saved can go towards the car principle anytime you decide to pay extra. Just because you finance for 84 months doesn’t mean that you have to wait and pay it off in 84 months. With the money you saved on interest you could probably pay off in 60 months.

bcwn

59k out the door at my dealer ain’t too shabby, maybe you’ve found a better deal?

bcwn

59k out the door from the dealer I used in Lillington NC Grand Sport 2019 I thought that was a great deal

~Stingray

Its your money, spend on what makes you happy. At 84 months and no interest, that is a great deal.

PJG65

What % off MSRP is common these days?

joemessman

10 to 13 percent. Almost all the new Z06s are gone.

JLB768

Yesterday morning I was driving a 2018 Dodge Challenger 392 Hemi Scatpack Shaker...I snatched this brand new 19 yesterday afternoon, and came home + money in pocket...Had no idea whatsoever yesterday morning, Corvette #5 would be sitting in the garage yesterday evening. Take advantage of this opportunity if it is financially beneficial...

Zjoe6

MacMulkin has 152 left according to their website.
(7) Z06
(91) Grand Sports
(54) Rays

Litfuse

...and only 25 manuals. From what I can tell, prices jumped up a lot from last time I looked a few months ago.

Oh Boy

On some cars yes they did, as much as $5K.

Bruceski

It’s funny- in the last few weeks my Vette has been my best investment. It’s held value better than my stocks or my real estate. I should have bought two!