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I agree with the comments above. Keep in mind you also have to factor the cost of waiting. If you are trading in a car, every month you wait puts more mileage on it and it is a month older. If it flips a model year, it drops more in value. So, if you are going to save say $2K by waiting, how much does your trade drop in that time? Net it and say is it worth the chance that the C7 is discounted vs. the pleasure of driving it sooner. You would need a great crystal ball to know for sure, but I would think in most cases, the net difference will be very low. If you can afford the C7 (and the gas to go in it) is $1k going to make a difference?
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