[IneedAZ]

Curious who will buy their ZL1 vs Leasing, and what income range do u fit

$0-50k
$51-75k
$76-100k
$101+

[gblaue]

Based on how the value of my last ZL1 dropped like a stone, I'd guess a lease is probably not going to be a good deal. Especially, if GM has anymore of their 20% off MSRP deals again.

[Waiting46]

Originally Posted by gblaue

Based on how the value of my last ZL1 dropped like a stone, I'd guess a lease is probably not going to be a good deal. Especially, if GM has anymore of their 20% off MSRP deals again.

That was just at the end of the fifth gen model lifetime wasn't it?

[mkorgan]

Since I plan on it staying stock for about 15 minutes, I am going to buy.

[DenverTaco07]

Let assume a 65K price tag.
Income being what exactly? someone with good benefits PLUS that listed income? My benefits alone cost my employer 25K a year, and that's not including any taxes, that's Healthcare, dental, paid leave, 401K, life insurance.

0 to 50K income....LOL.

at 50K, you'd better have a paid off house or living with mommy and daddy.

at 51 to 76K you'd better be single, small apartment no kids, no other debt.

at 76 to 100K, you'd better not have any kids, maybe mortgage on a small house and no other debt.

101K+...well, to me - that's absolute minimum to buy a 65K car for any person with a mortgage, wife, kid(s), i mean, that would be tough at that level. Unless that person likes a shitty house, no 401K, no investments, no saving for child's college, bad health care plan, then I suppose one could do it.

Of course, this is just my opinion.

Oh, and my current plan would be to buy one and keep it for....ever, maybe if things work out I can buy a future Z06 or something.

[IneedAZ]

i going with salary, not including benefits..money you can use to purchase your ZL1

[DenverTaco07]

Originally Posted by IneedAZ

i going with salary, not including benefits..money you can use to purchase your ZL1

Yeah, that's cool. Check it out:

Person A has a salary (aka income) of 75K a year as a contractor and get's no benefits and therefore has to pay out of his pocket for things like health care.

Person B has the same 75K salary but includes health care.

Person B makes more don't they?

I guess my point is, and I'm 40 years old so maybe my perspective is different from yours, but my point is that there are numerous other priorities people should have before buying such an impractical car such as a ZL1, and therefore one's income must be able to pay for things like: a mortgage on a nice house, saving for offspring's college, saving for retirement, good health care plan etc.

Do I sound as bad as I think I do?

To each their own, but I will be sweating bullets paying 65K for a car and I make well over your top range. Also notice that so far, all 8 folks have checked that same top range - I would hope that 99% do have that if they are planning to buy a ZL1.

[IneedAZ]

Originally Posted by DenverTaco07

Yeah, that's cool. Check it out:

Person A has a salary (aka income) of 75K a year as a contractor and get's no benefits and therefore has to pay out of his pocket for things like health care.

Person B has the same 75K salary but includes health care.

Person B makes more don't they?

I guess my point is, and I'm 40 years old so maybe my perspective is different from yours, but my point is that there are numerous other priorities people should have before buying such an impractical car such as a ZL1, and therefore one's income must be able to pay for things like: a mortgage on a nice house, saving for offspring's college, saving for retirement, good health care plan etc.

Do I sound as bad as I think I do?

To each their own, but I will be sweating bullets paying 65K for a car and I make well over your top range. Also notice that so far, all 8 folks have checked that same top range - I would hope that 99% do have that if they are planning to buy a ZL1.

I make more then the top range too, but am curious with the people that make lesser would they lease the car to get the payment down. I believe there is a good portion of the population are in cars they otherwise could not afford. I plan to buy one as long as they dont get crazy on the price. 5-10% more then Gen V i can see, but at some point i would just build another 1st gen.

[DenverTaco07]

Originally Posted by IneedAZ

I make more then the top range too, but am curious with the people that make lesser would they lease the car to get the payment down. I believe there is a good portion of the population are in cars they otherwise could not afford. I plan to buy one as long as they dont get crazy on the price. 5-10% more then Gen V i can see, but at some point i would just build another 1st gen.

mmm...yeah I suppose that would be a better option, but at 10K down a 3 year lease will be about $650, i suppose that's doable.

Could you even lease a 5th Gen ZL1? I guess it depends on the dealer?

[gblaue]

Originally Posted by Waiting46

That was just at the end of the fifth gen model lifetime wasn't it?

It dragged down he value of everyone's cars. Lease is based on residual value.

[Mr. Wyndham]

Originally Posted by DenverTaco07

Of course, this is just my opinion.

Indeed. I would be careful to pass judgement on people's financial/income decisions. I'm generally an outlier, so I'm used to "not counting". That said, I'm relatively young, and my personal financial/vehicle history would shatter most of what you've said.

I'm probably going to be purchasing this generation ZL1, drive it all year round, and keeping it for quite a while (no more new cars every two years. )

[GoneBoy]

Originally Posted by IneedAZ

I make more then the top range too, but am curious with the people that make lesser would they lease the car to get the payment down. I believe there is a good portion of the population are in cars they otherwise could not afford. I plan to buy one as long as they dont get crazy on the price. 5-10% more then Gen V i can see, but at some point i would just build another 1st gen.

Somebody making < $75K buying a $65K+ car....doesn't make a heap of a lot of sense to me. Of course there are lot of variables that can be thrown into this equation...number of mouths to feed, mortgage, student loans, how long they'd been saving to put cash down. But I guess some folks will do whatever they want to attain that fleeting sense of bliss, so who am I to judge.

But all things being equal, I just figured a solid six figure salary would be the absolute bare minimum amount that an interested party would make before even considering such a vehicle. Personally, I just wouldn't feel 'right' driving around in a car that cost more or even close to what my income is.

[DenverTaco07]

Originally Posted by Mr. Wyndham

Indeed. I would be careful to pass judgement on people's financial/income decisions. I'm generally an outlier, so I'm used to "not counting". That said, I'm relatively young, and my personal financial/vehicle history would shatter most of what you've said.

I'm probably going to be purchasing this generation ZL1, drive it all year round, and keeping it for quite a while (no more new cars every two years. )

Does my post sound judgemental, I apologize if that is the case? maybe for the 0 - 50K range. Maybe it's my age, but 65K for a car is some serious coin.

Really though, I'd love to know the details of someone making 50K and buying this car - hard to imagine FOR ME outside of having lots of cash and little to no other debt - I suppose that there are many that can do it.

I never could do that, shoot, to date the most expensive car I ever purchased was a 2013 Honda Pilot EX-L (i think like $33K)

BTW, I believe this car (in terms of it's awesomeness) is one that you can keep for 20 years. It is a toy for me, midlife crisis type one may say.

[maraging]

Only way i could buy one is if I had 30k to put down lol. Thats not happening