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Old 08-16-2008, 05:49 PM
 
1,120 posts, read 2,591,021 times
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Quote:
Originally Posted by Mathguy View Post
Please share your thoughts on the pros and cons of new vs. used vette purchase. Assume spending 50k or less.

Purpose: Fun. Won't be driving it a ton though so expect low annual mileage accrual and ownership for 10 years.

Also,
1. What does part-time insurance generally cost?
2. Depreciation, maintenance, other tips appreciated.
3. Deals? Cash vs. loan and are the running any specials

I'm sure I am missing something so throw your pennies in please.


I see one possible major problem. This is a sporty car. ZOOM! BURN RUBBER, BABY!

I would want a Corvette that doesn't have a lot of wear and tear on the gas pedal and brake pedal.
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Old 08-16-2008, 05:51 PM
 
Location: Chicago
38,707 posts, read 103,152,881 times
Reputation: 29983
Quote:
Originally Posted by Zel Ya View Post
I see one possible major problem. This is a sporty car. ZOOM! BURN RUBBER, BABY!

I would want a Corvette that doesn't have a lot of wear and tear on the gas pedal and brake pedal.
Well then it's a good thing he bought a new one...
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Old 08-16-2008, 08:42 PM
 
1,120 posts, read 2,591,021 times
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Quote:
Originally Posted by Drover View Post
Well then it's a good thing he bought a new one...

Yes!

I'd rather have a new Malibu as opposed to a used Corvette.
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Old 08-17-2008, 03:14 AM
 
Location: Texas
44,254 posts, read 64,342,342 times
Reputation: 73931
Quote:
Originally Posted by HowDeDo View Post
You can get that premium down alot on the sports cars . Try Insurance Companies that write sports cars at a pre-determined max. miles driven and agreed value . Try American Modern , Haggerty, and American Collectors Insurance Company.
Cool, thanks!
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Old 08-17-2008, 10:07 AM
 
464 posts, read 1,741,374 times
Reputation: 216
Also,
1. What does part-time insurance generally cost?
2. Depreciation, maintenance, other tips appreciated.
3. Deals? Cash vs. loan and are the running any specials
'

REPLY: 1. Depends on the year of the corvette, yearly miles driven, agreed value amount, and deductibles. My 2006 LS2 Vette with agreed value of $30,000 / driving no more than 5,000 miles annually / $1,000 deductibles...runs $480 per year. Regular insurance for it runs $860. 2. A newer corvette depreciates until the 25 year mark is reached usually, then it creeps up slowly . Maintenance is in the owners manual and I wouldnt go as long on the oil as they list it -- id do it every 3,000 miles since its a very nice car . 3. Check the automotive section of any major city newspaper under Auto Rebates and they list each brand/model of car that a rebate or special deal is offered on.
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