Where do I need to be to afford a (NEW only) Corvette? Like what kind of income do I need etc?

Question

A Corvette is a 50000 car. How much do you think I need to make per year to afford a car like this comfortably? I have really no bills and no responsibilities... probably going to have a 50k/year job pretty soon so I'll start saving up

Answer 1

A car should cost about six months' salary and no more. Even if you don't have responsibilities now, you should be putting money towards retirement, taxes, perhaps a future home or education. I'd get a car that's about three years' old for half the cost. The first mile you drive is the most expensive, because that changes the car from 'new' to 'used' and the value drops all at once. Read "The Millionaire Next Door" if you want to be a millionaire and not just be broke all your life, and it will explain this in more detail.

Answer 2

Vettes are closer to 60K. Dealers dont offer an incentives on them b/c they sell themselves. I would wait until you have the 50k a year job before anything but once you have the job consider this. The largest percent of new Vette owners are older men who never come close to pushing the car to its potential which breaks my heart. I work at Ecklers Corvette Parts for my dad who is the president of the company. I know Corvette people b/c I've been around them my whole life. If you want a new Corvette body style (C6) and are willing to just consider a used one it wont be like buying a normal used car that has been driven like it was stolen. Used Vettes usually have only had 1 owner and were never driven hard. Check out this website and consider a used one b/c 50k a year even w/ no other bills isn't enough for a brand new Corvette. Sorry.

Answer 3

well, when you are 55 years old and still renting i guess you can say "when i was young i had a nice car"

dont waste so much money on a car, the only time to get something like that is if you have a house-mostly paid for, a fully funded retirement, and you still have extra money