Economy, Camaro, and You - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

flaguy · 10-09-2008, 05:16 PM

In light of this new American economy, (or lack there of), is this putting any hesitation on your thoughts of purchasing the new Camaro? Let's face it, no matter the cost, >$20K is a very large financial commitment, whether you're paying cash or financing. Just curious if any of you are becoming hesitant or fearful?

EDIT: Added poll. Votes are private.

headpunter · 10-09-2008, 05:19 PM

not a chance. ill survive, payments arent alot of money and i will be able to make them, you cant run society without nurses so no way i get downsized.....

playhard67 · 10-09-2008, 05:20 PM

just gotta work harder to make sure I have the $$$

Supermans · 10-09-2008, 05:23 PM

More than ever GM needs our support. I'll be placing my deposit down on Monday that is fully refundable just in case something happens at that point in time. However I know I will be able to make payments of up to $500 a month at the very least and $700 a month at the most..

Yeahyouknwit · 10-09-2008, 05:23 PM

Gotta hope businesses dont go under. Being a small business owner its going to be hard to get a camaro right now. i have to put everything back into my business

flaguy · 10-09-2008, 05:29 PM

ADDED POLL!!!

Votes are private.

CaptianSam · 10-09-2008, 05:32 PM

economy... wtf is that?? smarties and crispy crunch arent that bad... cadbury or mars?

ChrisB · 10-09-2008, 05:46 PM

The economy going up or down doesnt affect me at all,my money is not in the stock market or any other investment fund , its just in a plain old regular bank account 100% risk free.

racedad70 · 10-09-2008, 05:50 PM

I will def. have to wait till the economy turns.:(

racedad70 · 10-09-2008, 05:55 PM

Quote:

Originally Posted by ChrisB

The economy going up or down doesnt affect me at all,my money is not in the stock market or any other investment fund , its just in a plain old regular bank account 100% risk free.

This would be just plain scary here in the US............

rolnslo · 10-09-2008, 05:56 PM

Quote:

Originally Posted by ChrisB

The economy going up or down doesnt affect me at all,my money is not in the stock market or any other investment fund , its just in a plain old regular bank account 100% risk free.

So, you don't work for a company that relies on sales of services or products to other people or businesses?

I feel pretty secure in my job (oil services company) but even our stock has taken a beating in the market. Combine that with a lower price for oil and I'm certain we'll start to see some curtailing of new contracts in the near future. Less revenue leads to less spending and if drastic enough, employee layoffs. I'm just hoping and hedging my bets that it won't come to that so I can enjoy my new Camaro next summer, as originally planned. If not, well, my 215k mile Chevy truck will just have to keep working as a daily driver for a bit longer.

AZCamaroFan · 10-09-2008, 05:57 PM

I hope to save as much as possible. I don't like to owe too much on cars. Hopefully the lending crisis will subside six months from now when the car comes out.

racedad70 · 10-09-2008, 05:58 PM

Quote:

Originally Posted by azfan

I hope to save as much as possible. I don't like to owe too much on cars. Hopefully the lending crisis will subside six months from now when the car comes out.

EllwynX · 10-09-2008, 09:30 PM

Not at all. My money isn't tied up in stocks (I do have Deferred Comp which is similar to a 401K, but not a lot in it yet, so am not worried), just a savings and checking account.

And my line of work is considered 'secure' when it comes to applying for a loan. The Department of Corrections will be there regardless of the economy.

View Poll Results: Is the current economy making you hesitant to purchase the new Camaro?
Yes, I am seriously debating whether or not to buy a new Camaro.	12	9.76%
Yes, I am starting to have slight hesitation.	19	15.45%
Yes, I have decided to go with a V6 instead of a V8 now.	5	4.07%
Yes, I have decided to wait for a used 5thgen Camaro with low mileage now.	4	3.25%
No, the economy has not effected my plans to purchase the Camaro at all.	83	67.48%
Voters: 123. You may not vote on this poll

10-09-2008, 05:16 PM	#1
flaguy Drives: 2014 2SS RS Spring Edition Join Date: Mar 2008 Location: Ga Posts: 230	Economy, Camaro, and You In light of this new American economy, (or lack there of), is this putting any hesitation on your thoughts of purchasing the new Camaro? Let's face it, no matter the cost, >$20K is a very large financial commitment, whether you're paying cash or financing. Just curious if any of you are becoming hesitant or fearful? EDIT: Added poll. Votes are private. Last edited by flaguy; 10-09-2008 at 05:30 PM.

10-09-2008, 05:19 PM	#2
headpunter Not That sad..considering Drives: Man Join Date: Aug 2007 Location: the part of washington the capital forgot about. Posts: 3,745 View My Garage	not a chance. ill survive, payments arent alot of money and i will be able to make them, you cant run society without nurses so no way i get downsized..... __________________ Stop Whinging

10-09-2008, 05:20 PM	#3
playhard67 come to poppa Drives: 67RS,09 Harley FLHX Join Date: Jun 2008 Location: Maryland Posts: 1,098	just gotta work harder to make sure I have the $$$ __________________ Cancelled the 2010 SS/RS (for now) and bought this instead (2009 Harley FLHX)

10-09-2008, 05:23 PM	#4
Supermans Camaro & Stang Enthusiast Drives: 2011 Mustang 5.0 in Kona Blue Join Date: Mar 2008 Location: Miami Posts: 4,729 View My Garage	More than ever GM needs our support. I'll be placing my deposit down on Monday that is fully refundable just in case something happens at that point in time. However I know I will be able to make payments of up to $500 a month at the very least and $700 a month at the most.. __________________ Bought my Camaro from Eric Hall(817) 421-7266

10-09-2008, 05:23 PM	#5
Yeahyouknwit Drives: 2003 Mustang Gt Conv. Join Date: Oct 2008 Location: Rehoboth Delaware Posts: 163	Gotta hope businesses dont go under. Being a small business owner its going to be hard to get a camaro right now. i have to put everything back into my business

10-09-2008, 05:29 PM	#6
flaguy Drives: 2014 2SS RS Spring Edition Join Date: Mar 2008 Location: Ga Posts: 230	ADDED POLL!!! Votes are private.

10-09-2008, 05:32 PM	#7
CaptianSam Car Garage Drives: 350z,A4,SRT8...see sig Join Date: Feb 2008 Location: north west Posts: 830	economy... wtf is that?? smarties and crispy crunch arent that bad... cadbury or mars? __________________ 2012 2SS RS Ordered Black on Black 6 speed Coupe Artic Lid Stripes Yes I Supercharge Everything On My Ipad Xbox McLovin1515 Ps3 McLovin1555 Current Autos:68z28,03viperSRT10,04escalade,05RangeRoverSport SC Project Autos:80corvette350-500hp 6speed,06charger S'C 6-speed posi,74Firebird400blue,69chevelle572 707 New Autos:2012CamaroSSRS,09ChallengerSRT8 Past Autos:....too many to list "i told you it was gettin' an LS3" Go down deep enough into anything and you will find mathematics. Dean Schlicter B.Sc. Hons. Mathematics

10-09-2008, 05:46 PM	#8
ChrisB Drives: 1999 Pontiac Firebird Join Date: Apr 2008 Location: quebec, canada Posts: 163	The economy going up or down doesnt affect me at all,my money is not in the stock market or any other investment fund , its just in a plain old regular bank account 100% risk free.

10-09-2008, 05:50 PM	#9
racedad70 Drives: 96Silverado,07Malibu,04MC Join Date: Aug 2008 Location: Virginia Posts: 32	I will def. have to wait till the economy turns.:(

10-09-2008, 05:57 PM	#12
AZCamaroFan Camaro6 2016-2018 Drives: sometimes Join Date: Mar 2008 Location: Phoenix Posts: 18,468	I hope to save as much as possible. I don't like to owe too much on cars. Hopefully the lending crisis will subside six months from now when the car comes out.

10-09-2008, 09:30 PM	#14
EllwynX Drives: 2010 Camaro SS Join Date: May 2006 Location: Southern NJ Posts: 2,259	Not at all. My money isn't tied up in stocks (I do have Deferred Comp which is similar to a 401K, but not a lot in it yet, so am not worried), just a savings and checking account. And my line of work is considered 'secure' when it comes to applying for a loan. The Department of Corrections will be there regardless of the economy.