Some people don't like renting a car for 3 years...

 

Not everyone is swimming in so much money that they can afford to lease a new car every 3 years.

Also, last I heard you couldn't lease anything from GM anymore, although that could have changed without me knowing.

 

I'm not sure that an 505HP LS7 powered Z/28 even at the SS MT curb weight of 3860lb could better a new for 2011 3820lb MT 550 HP GT500. One would think the Z/28 with potentially larger wheel/tire, suspension and maybe heavier duty brake combo would weigh more. That's simply power to weight ratio.

 

GM has been leasing again for the past 5 or 6 months. There are some pretty good deals now, but none for the Camaro yet. The CTS, Lacrosse and some of GMs other popular vehicles have some good deals. GM knows that it must have a bunch of good lease deals in order to stay competitve and to not only survive but to prosper!

 

swimming in money? missing the point...if a guy is planning a 28 then why wait?? the SS is pretty damned impressive and quicker than 99 percent of people will ever need. I understand the pedigree and the "special" factor that it will command but the guy who wants a 28 will wait potentially 2 years to get good value on one if ever and YES he/she will have to be swimming in money to get one...back to my point....why wait? the SS is neat and fast and 85% there and if he really wants a 28 he can wait till prices settle on it and grab one then. But he will save 15K + by grabbing an SS now and enjoying THIS summer not dreaming about a day that may never come meanwhile driving a Camaro if he/she are Camaro people. Same analogy for an SS...if ya cant swing it by a 300+ HP(V6) Camaro today and work on it for the future but meanwhile you are in a new Camaro....am I wrong?

 

I didn't take his post to mean buy an SS now and then get a Z/28 in 2 years. I think he just means get an SS and be able to enjoy 2 more years of your life with the Camaro, rather than sit around waiting for the Z/28. If you want to make the car more like a Z/28, there are lots of mods to get you there.

That's how I took it, anyway.

 

My point is that most people can't afford to buy a $34-38k car and then buy a $40-45k car two years later (whether they sell the first one or not). That first purchase will deplete whatever savings most people can reasonably come up with to spend on a car. The point of waiting is so that he can actually get what he wants.

Also, it's Z28. Please. Calling it "28" sounds ridiculous. It's only one more letter for you to type.

 

you c an lease through gm again. and you dont need to swim in so much money to lease a car. most people have a car payment anyways. so why not atleast have a payment and be able to get a new car every 3 or 4 years without worrying about selling it.
you seem to really have a hatred toward either people with these cars or people with money. i havent decided what it is yet.

 

well, as of now, the ss is coming pretty close to the gt500(on paper) an extra80 horse would give it the extra boost to getit past the gt500 without going the boosted route. the lsa will , with no doubt, blow the gt500 away.

 

are you speaking on the majority of peoples behalf when you say this? or is "most people" just you? i know alot of people who buy and sell cars every year to every 3 years. i can say that your opinion does not count for the majority of people out there.

 

Are we still talking about '10 GT500's?

 

I think its foolish to do something like that. Why spend all that money on a new car, take the huge depreciation when they drive it off the lot, and then go and sell it while they are still behind on payments? Only to do it all over again. What a huge waste of money.

 

To comfortably afford a new $40,000 car on a 60-month loan at a 5% interest rate, you need to be able to handle a $640/month payment. $640/month is $7,680/year. On a typical budget, a practical limit on what you spend on a car should be 15% of your take-home pay. Extrapolating, that means you need an income of $51,200/year after taxes, which works out to more than 60k before taxes.

The median household income in the U.S. is around 44,000/year, using the most recent stats I could find (2007, and I wouldn't be surprised if it had gone down since then). Those are typically two-person families, which means that the income will likely need to provide transportation for two people -- i.e., two cars.

I do know a lot of people whose incomes are well above average too, and some of them do in fact buy new cars every couple of years. That (or some strange priorities) is what it takes to afford what you're suggesting. My income is above the national average, so no, I'm actually not including myself.

However, I also know a bunch of people who have roughly average or below-average incomes. They outnumber the above-average people (that I know) by a lot, and it's those people that I'm talking about. Those people can't afford a new car every few years.

Yes, there are exceptions, but that's not my point. My point is that in general, the advice that everyone should go out and buy a car today that is similar to the car they really want rather than waiting for what they really want is highly impractical and reveals a very narrow view of the world.

 

I have to agree....

 

Almost as stupid as people calling their car a "Maro". Why does everything have to be ghetto'd out these days. I see the same thing with people calling Cobalts "balts". I guess Kentucky Fried Chicken started this BS back when they just went with KFC because we are a lazy people these days.