View Poll Results: Income vs Purchase
Household makes less than 50k a year cant purhcase a new Camaro.
12
7.69%
Household makes less than 50k a year CAN Purchase new Camaro.
18
11.54%
Household makes less than 75k a year Cant Purchase a new Camaro
16
10.26%
Household makes less than 75k a year CAN Purchase a new Camaro
31
19.87%
Household makes less than 100k a year Cant Purchase a new Camaro
16
10.26%
Household makes less than 100k a year CAN Purchase a new Camaro
17
10.90%
Household makes less than 125k a year Cant Purchase a new Camaro
3
1.92%
Household makes less than 125k a year CAN Purchase a new Camaro
14
8.97%
Household makes less than 150k a year Cant Purchase a new Camaro
2
1.28%
Household makes less than 150k a year CAN Purchase a new Camaro
27
17.31%
Voters: 156. You may not vote on this poll
2010 Camaro Price vs Household Income Poll
10-15-2008, 05:25 PM
#31
Registered User
Thread Starter
Join Date: Feb 2005
Location: Columbia, SC
Posts: 506
She is a keeper, but i hate you have to get rid of *2* to get one. I wish i had the money or i'd buy the "old blue" as i assume she'd be the one of the 60's leaving. If not then goldie would be nice too.. Lol.
I knew that cost of living was higher in other places as im originally from D.C., which is why i left the whole poll thing kinda on the "low" end of the spectrum, but that being said, i find it bad that the majority of folks have to make 75k or so to buy one of these in this economy. I know im not the only one, that is disturbed for this fact, and not because the car is necessarily over priced, but because it cost more than we anticipated, and also because it is out of our "pay grade" so to speak.
I knew that cost of living was higher in other places as im originally from D.C., which is why i left the whole poll thing kinda on the "low" end of the spectrum, but that being said, i find it bad that the majority of folks have to make 75k or so to buy one of these in this economy. I know im not the only one, that is disturbed for this fact, and not because the car is necessarily over priced, but because it cost more than we anticipated, and also because it is out of our "pay grade" so to speak.
10-16-2008, 11:04 AM
#32
Registered User
Join Date: Apr 2000
Location: CNY
Posts: 2,224
She is a keeper, but i hate you have to get rid of *2* to get one. I wish i had the money or i'd buy the "old blue" as i assume she'd be the one of the 60's leaving. If not then goldie would be nice too.. Lol.
I knew that cost of living was higher in other places as im originally from D.C., which is why i left the whole poll thing kinda on the "low" end of the spectrum, but that being said, i find it bad that the majority of folks have to make 75k or so to buy one of these in this economy. I know im not the only one, that is disturbed for this fact, and not because the car is necessarily over priced, but because it cost more than we anticipated, and also because it is out of our "pay grade" so to speak.
I knew that cost of living was higher in other places as im originally from D.C., which is why i left the whole poll thing kinda on the "low" end of the spectrum, but that being said, i find it bad that the majority of folks have to make 75k or so to buy one of these in this economy. I know im not the only one, that is disturbed for this fact, and not because the car is necessarily over priced, but because it cost more than we anticipated, and also because it is out of our "pay grade" so to speak.
10-16-2008, 11:32 AM
#34
Registered User
Join Date: Nov 2000
Location: Kansas City, MO
Posts: 1,958
10-16-2008, 11:44 AM
#36
Registered User
Join Date: Nov 2000
Location: Kansas City, MO
Posts: 1,958
I guess that shows what a disconnect there is between buyers and the market. The Median household income in the U.S. in 2007 was $50,233.00. The average cost of a new car according to the FTC is $28,400. So that means that the average new car costs nearly 3 times what the average household can afford.
10-16-2008, 11:57 AM
#37
Registered User
Thread Starter
Join Date: Feb 2005
Location: Columbia, SC
Posts: 506
yea, the numbers get scary when you start running them. Especially when you know you want a better / bigger/ more expensive car, than you can truely afford.
In 2007 i made more than the US median income, now in 2008, I'll make less do to me switching jobs... but thats life. Yes, I could have stayed where i was, but i wasnt happy, and now where I am, I am happy, but i bring home 30% less roughly per year.. SO, that being said, IDK. I've never seen a camaro go for 10 k new.lol.
20k, sure, in 3rd and 4th gens... but the larger problem isnt that the car is priced too high, its that we arent bringing home enough... thats the real problem.
In 2007 i made more than the US median income, now in 2008, I'll make less do to me switching jobs... but thats life. Yes, I could have stayed where i was, but i wasnt happy, and now where I am, I am happy, but i bring home 30% less roughly per year.. SO, that being said, IDK. I've never seen a camaro go for 10 k new.lol.
20k, sure, in 3rd and 4th gens... but the larger problem isnt that the car is priced too high, its that we arent bringing home enough... thats the real problem.
10-16-2008, 01:28 PM
#39
Registered User
Join Date: Feb 2002
Location: Confederate States of America
Posts: 1,049
Did Chevy jack the price up on the Camaro right before they released pricing? They had raised prices across the board about 2 weeks ago by about $1k a car. I wonder if they originally had a lower price for the Camaro and then right before they released pricing figured out they had to raise it?
10-23-2008, 05:45 PM
#40
Registered User
Join Date: Jan 2000
Location: Dallas, TX, USA
Posts: 52
$150K family income is high? I make that just by myself alone. I also drive around in paid off 2001 SS. Although I'd love the 2010 I'll wait until I can get one for invoice and even then I'll have to weigh the cost.
10-23-2008, 05:49 PM
#41
Registered User
Join Date: Feb 2006
Posts: 123
Well my household income is about 20K north of $150K
I drive a 13K 2006 Dodge Caravan and a 95 Firebird Convertible.
The boss lady drives a 2008 Toyota Yaris that cost 13,200K.
All 3 cars we paid cash for. Don't need no stinking payment. All 3 Cars cost me about as much as a New SS Vert will.
I drive a 13K 2006 Dodge Caravan and a 95 Firebird Convertible.
The boss lady drives a 2008 Toyota Yaris that cost 13,200K.
All 3 cars we paid cash for. Don't need no stinking payment. All 3 Cars cost me about as much as a New SS Vert will.
10-23-2008, 06:40 PM
#42
Registered User
Join Date: Apr 2001
Location: Stafford, Va
Posts: 113
My dream of a new Camaro evaporated the second the prices were posted. Even if I got what I wanted for my TA, I still can't afford the car I want. I'm not settling for anything other than what I want, and what I want costs too much. 
10-23-2008, 07:14 PM
#43
Registered User
Join Date: Dec 1998
Location: Silicon Valley
Posts: 201
Smart man...it's irresponsible to go into debt just to get something you want!
it's OK to do the right thing.
10-23-2008, 07:22 PM
#44
Banned
Join Date: Jun 2008
Posts: 107
Geeeeee I thought how can someone live under $100,000 a year able to afford anything???
I guess many people have differant life styles
Myself I would tradein my 2006 stang Gt and pay the rest in cash.
For many people if you want a loan you will need a 700 plus credit rating...
It sucks
But its like going on vacation.
Many will stay at a best western and pay $100 a night,,,,but you have others like myself rather pay $300 plus a night
Gezzz I stayed at a Bestwestern at the Mopar Nationals years ago for $75 a night,,,,,
Reason was it was at Brice Road where all the Mopar cars hungout..
Geee what a crummy hotel,Yukkkkk
I guess many people have differant life styles
Myself I would tradein my 2006 stang Gt and pay the rest in cash.
For many people if you want a loan you will need a 700 plus credit rating...
It sucks
But its like going on vacation.
Many will stay at a best western and pay $100 a night,,,,but you have others like myself rather pay $300 plus a night
Gezzz I stayed at a Bestwestern at the Mopar Nationals years ago for $75 a night,,,,,
Reason was it was at Brice Road where all the Mopar cars hungout..
Geee what a crummy hotel,Yukkkkk
