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Household income of the average Z owner?

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Old 03-08-2014, 11:46 AM
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NICK YOSKIN
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Default Household income of the average Z owner?

Of course area were you live, family size ect all factor in...not looking to be scientific about this...
Remember "average" being the key word.
My guess is 175K a mininum.
Old 03-08-2014, 12:11 PM
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Lavender
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$1,39c here. But thats the income of both me and my wife.
Old 03-08-2014, 12:20 PM
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NSC5
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The income spread is probably huge. I am sure you will find some people who own a Z renting an apartment while others will look at it as one of many toys. It is the same with home ownership where some people will borrow every bit a bank will allow to buy a home that is really outside of the comfort zone.

Income is only part of the equation, expenses both required and discretionary are at least as important.

Personally I have been sticking 4K a month in my "C7 retirement gift to me fund" so I will just wait a few more months for purchase now that the car I really wanted is being released
Old 03-08-2014, 12:22 PM
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NICK YOSKIN
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Originally Posted by Lavender
$1,39c here. But thats the income of both me and my wife.
you are just to funny.
Sure GM put in alot of thought on what their target market will be and and i'd imagine that will have something to do with the final price of the car.
Old 03-08-2014, 12:26 PM
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NICK YOSKIN
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Originally Posted by NSC5
The income spread is probably huge. I am sure you will find some people who own a Z renting an apartment while others will look at it as one of many toys. It is the same with home ownership where some people will borrow every bit a bank will allow to buy a home that is really outside of the comfort zone.

Income is only part of the equation, expenses both required and discretionary are at least as important.

Personally I have been sticking 4K a month in my "C7 retirement gift to me fund" so I will just wait a few more months for purchase now that the car I really wanted is being released

I agree....i betcha guys that have only bought high end exotics will be in the Z market for the first time. Good thing for GM.
Old 03-08-2014, 01:04 PM
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ATC399
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you work for the IRS OP?....
Old 03-08-2014, 04:42 PM
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Stage Runner
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What is your avg. income Nick...?
Old 03-08-2014, 04:54 PM
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gthal
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Originally Posted by Stage Runner
What is your avg. income Nick...?

. Yeah, why don't you share first Nick.
Old 03-08-2014, 09:37 PM
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MKenM
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WAITING
Old 03-08-2014, 10:56 PM
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Hard to say in my case, because I work for a Botswanan company and they pay me in kubookies, their national currency. I'm not sure what the exchange rate is, because kubookies are actually pancakes.
Old 03-08-2014, 11:55 PM
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keagan
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I'm broke, anyone wanna donate a Z? I'll settle for a C5 Z at that. Seriously though, I also would like to knw more or less if it would take me eternity to own a vette.
Old 03-09-2014, 12:42 AM
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Charlie M
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$25,000 last year
Old 03-09-2014, 01:51 AM
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Nobody owns a C7Z yet
Old 03-09-2014, 03:27 AM
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Charlie M
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Originally Posted by jamesw95
Nobody owns a C7Z yet
That was what I was thinking.
Old 03-09-2014, 08:33 AM
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js59
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Originally Posted by Charlie M
That was what I was thinking.
Avg. income has to be a LOT. Depending on where you live, 175k isn't much money after housing, etc.

My guess is 250+ at least.
Old 03-09-2014, 09:12 AM
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mobius
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i think i would say 150+ easy for a single guy and 200ish married probably closer to 250. to afford it without a huge impact on life style
Old 03-09-2014, 09:22 AM
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CasperDog
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Originally Posted by mobius
i think i would say 150+ easy for a single guy and 200ish married probably closer to 250. to afford it without a huge impact on life style
First, I beleive it is lower but dependant on how well one manages his money. Secondly, as the wife has alot of influences over puchases, I assume it would depend on her attitude. Finally, if one's employment pays into retirement funds (and how much) outside of normal income I would assume the income level could be much lower.

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Old 03-09-2014, 09:50 AM
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There are actually several questions here. One is a market research question for GM as to the income parameters for interest in the Z06. Another is in the financial planning realm of who can responsibly afford the car and that takes into account both sources and demands for income. For some people it will come down to whether they can come up with the cash plus credit to sign on the dotted line. In the real world this means the answer to the OP's question is the standard, "It depends"

For me personally I spent several years earlier in life closely watching money while getting an undergrad, MBA, and Ph.D. and I am not buying anything that puts me in debt. I don't have expensive tastes but I never want to go back to those student days of "here is the steak I would like to buy but I am going home with cheap ground meat instead". If the Z06 turns out as good as it appears now in two years I hope demand has settled enough that I can do a funds transfer to one of the forum dealers and enjoy a timely museum delivery
Old 03-09-2014, 11:09 AM
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BOBSZ06
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If I can sell a good kidney for 100k.... I'm IN!
Look for me at the stoplight or under the overpass holding the sign.......

WILL WORK FOR A ZO6
Old 03-09-2014, 11:15 AM
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jacked boy
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Originally Posted by Stage Runner
What is your avg. income Nick...?



I think GM is going to have customers that they never had before


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