Hi all! I am new to the forum, so please move if needed- this just seemed the best place for this post.
I vividly remember visiting the Corvette Plant and Museum as a kid. In fact, I still have a toy model of the 1986 Corvette Indy (mid-engine concept) that captured my imagination from that visit. I had never heard of a mid-engine car at that young age, and the idea of mid-engine Corvette had my head spinning. I have pined over the prospects of driving a Corvette off the Museum Floor ever since.
I've been blessed thus far in my career, and am striving to save enough money to pay cash for my Corvette by the time I turn 40 years old. I have 10 years (and a few months, technically) to accomplish my goal. With the Mid-Engine Corvette right around the corner, the timing couldn't be more perfect!
Now, the reason I'm creating this thread is to seek the experiences from other Corvette owners that have accomplished this goal in the past. I know there are pros/cons of buying in cash (especially with interest rates so low these days), but this is a personal goal of mine- I don't think anything will change my mind on buying in cash. So, for the questions I have for those of you that have done this...
Thanks for reading! It's going to be a fun decade
I vividly remember visiting the Corvette Plant and Museum as a kid. In fact, I still have a toy model of the 1986 Corvette Indy (mid-engine concept) that captured my imagination from that visit. I had never heard of a mid-engine car at that young age, and the idea of mid-engine Corvette had my head spinning. I have pined over the prospects of driving a Corvette off the Museum Floor ever since.
I've been blessed thus far in my career, and am striving to save enough money to pay cash for my Corvette by the time I turn 40 years old. I have 10 years (and a few months, technically) to accomplish my goal. With the Mid-Engine Corvette right around the corner, the timing couldn't be more perfect!
Now, the reason I'm creating this thread is to seek the experiences from other Corvette owners that have accomplished this goal in the past. I know there are pros/cons of buying in cash (especially with interest rates so low these days), but this is a personal goal of mine- I don't think anything will change my mind on buying in cash. So, for the questions I have for those of you that have done this...
- Do you have any tips on saving the money? Without giving too much detail, I can save between $500 and $1,000 a month towards this purchase specifically (debt free life, for the win).
- Did you invest it while saving, or did you stick to cash?
- With a sold order paid in all cash (and a museum delivery, to boot)... did you lose all negotiating power on the deal? I expect to pay full MSRP given the circumstances...
- Is there another Corvette Forum/Community of similar individuals saving for their first Corvette? It's going to be an exciting 5-10 years saving for this goal, and would be great to share in the experience with others
- Any of the "more experienced" Corvette owners have any opinions on the old-fashioned idea of keeping a Corvette for your entire life? I long for this car to be in my family for the rest of my life... I don't want to constantly 'trade-up', I want it to be a staple of the family, so to speak. Seems tough these days, but I think it's a fair enough goal.
Thanks for reading! It's going to be a fun decade

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