Chevrolet Corvette Stingray C7 Forum
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Chevrolet Corvette Stingray C7 Forum (https://www.corvette7.com/forums/index.php)
-   Corvette Stingray C7 General Discussions (https://www.corvette7.com/forums/forumdisplay.php?f=158)
-   -   How much is your Corvette monthly payment? (https://www.corvette7.com/forums/showthread.php?t=326649)

zimm888 03-27-2014 07:40 PM
Getting diddled hard, 4.98%.

What can I do about this now?

binko 03-27-2014 09:03 PM
It's paid for!!!
I'm 61 years old. At this point in my life, no loans or debt. If we can't pay for it-we don't buy it.

Nate GM 03-28-2014 03:58 PM
I'm looking at about 50k down on a 70K car for $350 a month. It could change by the time my Stingray is delivered though.

Kochaloch 03-28-2014 05:18 PM
Quote:
Originally Posted by zimm888 (Post 7531699)
Getting diddled hard, 4.98%.

What can I do about this now?
Re-finance or pay it off quickly.

noname 03-29-2014 10:49 PM
0.45% with nothing down. I have no idea why you guys are paying so much in interest!

regguy1 03-30-2014 10:48 AM
Base 1LT Coupe / Crystal Red / Perf Exhaust / Navi
MSRP $56,980.00 / Purchase Price $52,001.80 + fees and tax for total of $55,135.65

nothing down 1.49% 60 months / $954.17

stangkilr 03-30-2014 11:07 PM
$0 down, $855/month for 72 months.

blkvette00 04-03-2014 10:37 PM
I leased mine - 2LT, Convertible, Navigation, Auto, Performance Exhaust, and a few extra options - 39 Month Lease - ZERO Down $65,340 - Total Payment $929 per month - I was happy to be under $1k - as I expected a much higher payment :)

Hulkamaniac 04-03-2014 11:30 PM
Quote:
Originally Posted by mws444 (Post 7166303)
While there was a time when I had to finance my daily drivers, I have never financed a toy. Always just saved and scrimped til I had the cash. Now many hard years later and the Good Lords Blessing it is not quite as difficult as it used to be.
Credit is an easy trap to get into, many talk about their high return in investments as a reason to keep piling it on. My Dad always told me I could work for a bank or for myself, I have always chosen to for myself. I guess I would only caution people on spending tomorrows income now and paying interest to do so.
Not knocking anyone, just giving unsolicited advice.:biggrin:
AMEN! :thumbup:

regguy1 04-04-2014 12:37 PM
Quote:
Originally Posted by blkvette00 (Post 7552147)
I leased mine - 2LT, Convertible, Navigation, Auto, Performance Exhaust, and a few extra options - 39 Month Lease - ZERO Down $65,340 - Total Payment $929 per month - I was happy to be under $1k - as I expected a much higher payment :)
How much is the residual value after 39 months? (amount you can buy it for at lease end)

regguy1 04-04-2014 12:45 PM
Quote:
Originally Posted by GQ4Life (Post 7223959)
u pay taxes on the whole price of the car doesnt matter how much cash you pay toward it..
most of us that are financing the whole car do have the cash on hand. Just tied up in investments. So dont know why ur sorry.. LoL..

Though feel bad for the guy that finance the whole thing way upside down. Ops out of GAP ins then wrecks the car.. :crazy:
Good post, there's no cut and dried answer to this finance question. Depends on your situation. If you're making payments from your salary I'd say keep the financing within your comfort zone, however if you have the assets to pay cash and they're invested and earning income it wouldn't make sense to liquidate assets earning 4-5% to avoid paying 1 or 2% interest. If you're in that situation you're better off financing as much as possible and let your money earn a couple extra points for you.

Mako1 04-04-2014 10:28 PM
$20000 down, 2.74 apr, 72 mo pmt is $643, plus my ins only went up $18 a month going from a 2010 camaro ss to the vette

blkvette00 04-04-2014 10:53 PM
Quote:
Originally Posted by regguy1 (Post 7553368)
How much is the residual value after 39 months? (amount you can buy it for at lease end)
Still waiting on the delivery of my order, so I don't have the finance contract yet. My estimate would be approximately $37k to $40k for the residual.

Not sure what I will do in 39 months...may just turn it in and get another one! :)

Leasing works for me, as the Stingray is just a summer vehicle and my winter vehicle is a Lincoln Navigator. The Nav's lease is up this year and I am replacing with the 2015 Navigator in September. To me it's the cheapest way to own two nice vehicles.

thrilled 04-25-2014 07:43 PM
I put $30,000 down.Payments are $3,000 A month.hope to pay it off in 10 months.I hate writing checks.


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