Gen 5 Camaro Internal Engine Tech - My GTO gets paid off in '11: should I buy a C7, my Mom's '07 Z06, or a '12 Z28?

From http://www.camaro5.com/forums/showthread.php?t=29766

Scott, Cheryl, John, Al, design guy?(forget his name?) and John Cox
These are the people you should thank for bringing the Camaro back to life!
They were in Carlisle PA showing off the Camaro (which was easy to do)
They answered all questions from the crowd....which brings me to the Z28.

I don't want this thread to be a boring talk again and again about the Z28 speculation.
There is no doubt that there will be a Z28
It will have the Z28 hood (like bumblebee 2)
It will have a different grill which will include the chevy bowtie somewhere (top executive decision making here)
It will probably have a different rear spoiler
It will have Z28 emblems and/or graphics
It will have a high output engine LS ? something (as long as it meets government standards for fuel economy)

They want you to enjoy the NEW Camaro, the way it is offered now, for the next couple years
Then, the convertible will be out in the spring of 2011
Then, the Z28 will probably come out a year later

Let's assume that the new Corvette C7 is the concept in the Transformers sequel; that the new Camaro Z28 comes out as a 2012 model; that I survive this economy and get to pay off my brand-new bought 2006 GTO in 2011; and that my Mother finishes her 60-month lease on her Atomic Orange '07 Z06, what should I do? Buy a brand-new C7, buy my Mom's slightly-used Z06, buy the new Camaro Z28, or remain car payment free and do nothing? Thanks in advance for the opinion.

I dont really want to read all of that, but you need to weigh what you really want?

Pure speed?
looks?
Prestige?

To me, its a no brainer, the Z06 in every way would be my choice! they're so damn much fun to drive...

Things are bad... and may get worse.

Save your money and go debt free!!

BTW your Mom is cool to Drive Z06 !!

deff Z06

Z06 unless you have kids to haul around.

Honestly, I think you should come back in 2011 and ask this question. Thats not for 2 years, and a lot can happen in 2 years :thumb:

hands down the C6z!

Honestly, I think you should come back in 2011 and ask this question. Thats not for 2 years, and a lot can happen in 2 years :thumb:

This. Who knows what will happen.

my GTO has been paid off for over a yr and i was planning on getting a new camaro but for now i like not having a car payment and putting money away.

id get a z28 if its available depending on price.

two of these cars don't exist yet- ReFtheMC is right- hold your horses, dude! :nod:

get the zo6, it will lay the smackdwon to all those cars listed.

After driving your mom's Z06 and hearing that the LS7 will be out of production. I say the Z but the c7 will prob be out. Either way you will have 3 perfect cars.

After driving your mom's Z06 and hearing that the LS7 will be out of production. I say the Z but the c7 will prob be out. Either way you will have 3 perfect cars.

If the C7 will be that concept Sting Ray from the movie, then I think it's a no-brainer that I should buy the C6 Z06. That concept Sting Ray looked garbage. I would take the Z28 over that.

Be smart. Pay off all your debt first then shop around for a C6Z.

debt free, its sooo sooo nice

Pay off the car, then dump all that extra money into your house payment. If you're wasting money on rent then get a house and pay that off. Keep your car until it is no longer reliable and it would be less hassle and not much more cost in upkeep than a falling apart car. The GTO has a proven drivetrain and is fairly reliable and shouldn't lose value as bad as a lot of other cars since it was limited to 3 year production. I don't like the current mindset that a lot of people share. Everyone is so used to having house payment and car payments and think having credit is a good thing. Go debt free, own your life and everything in it.

Pay off the car, then dump all that extra money into your house payment. If you're wasting money on rent then get a house and pay that off. Keep your car until it is no longer reliable and it would be less hassle and not much more cost in upkeep than a falling apart car. The GTO has a proven drivetrain and is fairly reliable and shouldn't lose value as bad as a lot of other cars since it was limited to 3 year production. I don't like the current mindset that a lot of people share. Everyone is so used to having house payment and car payments and think having credit is a good thing. Go debt free, own your life and everything in it.

Once the GTO is paid off in 2011, I could quickly save up a downpayment for mortgage on a cheap condo so that I can generate monthly rental income that would exceed the monthly mortgage payments. My Mom's lease on the Z06 ends in 2013 and will have a residual value of $28,000. I can easily finance that with my 9-5 professional job and offset the monthly car payments with the monthly net profit from the rental income. As for an actual place of residence, I can live with my Mom for the rest of my life being single and paying gas and electric bills that total $400 while helping to maintain her house. Being single will be my key to easy living.

Once the GTO is paid off in 2011, I could quickly save up a downpayment for mortgage on a cheap condo so that I can generate monthly rental income that would exceed the monthly mortgage payments. My Mom's lease on the Z06 ends in 2013 and will have a residual value of $28,000. I can easily finance that with my 9-5 professional job and offset the monthly car payments with the monthly net profit from the rental income. As for an actual place of residence, I can live with my Mom for the rest of my life being single and paying gas and electric bills that total $400 while helping to maintain her house. Being single will be my key to easy living.
But do you always want to be single living with your mom?

But do you always want to be single living with your mom?

No doubt about it. It's one of the smartest and most respectable things that anybody can do.

I am in the same type of dilemma between saving for a house or getting a new camaro. Im 24 and still living at home. Just recently finished school and have a good job as a radiologic technologist. I have been saving my money and have about 5k saved so far in the past few months.

If I was a few years younger I would get the car...but I want to move out by the time im 26. I feel like a free loader and it is looked down on by some females when you have to take them back to your parents house...lol.

It sucks bad but I know in the future I will be better off saving for a nice house.

But damn it is going to be hard to resist next summer when I got plenty of money in the bank and can easily afford a new camaro...I hope I can resist.

I am in the same type of dilemma between saving for a house or getting a new camaro. Im 24 and still living at home. Just recently finished school and have a good job as a radiologic technologist. I have been saving my money and have about 5k saved so far in the past few months.

If I was a few years younger I would get the car...but I want to move out by the time im 26. I feel like a free loader and it is looked down on by some females when you have to take them back to your parents house...lol.

It sucks bad but I know in the future I will be better off saving for a nice house.

But damn it is going to be hard to resist next summer when I got plenty of money in the bank and can easily afford a new camaro...I hope I can resist.

Man, you can stay single and stay at your parent's house, but not feel like a free-loader. All you have to do is help with their utility bills, do their landscaping, and promise to take care of them in their house when they're older. Avoid females like a plague, because they will be the death of you and your car dreams.

I don't even know what to say to that. If your highest aspirations in life are to stay in your mother's house forever then I'd go with the Vette.

I just go to the club and have one nighter girls, that way i just spend like 20 dollars a day, and save the rest of the paycheck, gf are a money pit, i want this i want that. The only way to get rich is to do it when you are single, i would save the money anyway you can probably use your mom's z06 whenever you want!

LOL...I have had 2 one night stands and I wasnt very impressed with them.

Having sex with some drunk chick that 50 other guys have done before just isnt as exciting as finding a nice clean girl of your own.

But yes GF's are a money pit. The one I have now isnt that bad though.

thats 2 years away. WHO CARES

I just go to the club and have one nighter girls, that way i just spend like 20 dollars a day, and save the rest of the paycheck, gf are a money pit, i want this i want that. The only way to get rich is to do it when you are single, i would save the money anyway you can probably use your mom's z06 whenever you want!

Thats perfect! Which clubs are you hitting! The ones in AC suck:jest:

Well up in north jersey, theres clubs all over the place, places where i can guarantee you, that you will get laid that same night. I never been to a club in ac but last time i went i got lucky and ended up getting laid by a hot blond that i found on the boardwalk :D

This
thats 2 years away. WHO CARES


BTW your mom is a badass

Dude....alot can happen in two years...believe me I had all sorts of cool car dreams and well its all in the for sale section now...This economy and times are very unforgiving and very unstable keep the GTO if you moms Z06 is going to be so cheap go for that its a 505 hp awesome car....you dont need much more then that. and if you want to mod it later....as for the stay at home comment. It has its benifits personally I didnt have a choice My parents split up lost the house and I was thrown out into a key part here THREE year mess. I say hold on to your money wait till your totally ready and have all of the stuff in line because....hindsight is always 20 20 and well take life as it comes dont look to far ahead or you'll miss whats coming straight at you

Dude....alot can happen in two years...believe me I had all sorts of cool car dreams and well its all in the for sale section now...This economy and times are very unforgiving and very unstable keep the GTO if you moms Z06 is going to be so cheap go for that its a 505 hp awesome car....you dont need much more then that. and if you want to mod it later....as for the stay at home comment. It has its benifits personally I didnt have a choice My parents split up lost the house and I was thrown out into a key part here THREE year mess. I say hold on to your money wait till your totally ready and have all of the stuff in line because....hindsight is always 20 20 and well take life as it comes dont look to far ahead or you'll miss whats coming straight at you

I think you have the best suggestion yet, Johnny. I am doing a lot of house-cleaning by throwing away a lot of unneeded things just to be ready to move out if an unforseen circumstance happens to come along.

Always gotta be prepared these days I still get excited myself (looking for an LS1 car) but Hey when that time comes and if you decide to get your moms z06 (Really good Idea) I want a ride!

Trust me, just save up. The feeling of no car payments right now is great.

C6 Z! :chug:

Pics of mom in the Vette, please.

This whole thread cracks me up! :lol:

Things are bad... and may get worse.

Save your money and go debt free!!

BTW your Mom is cool to Drive Z06 !!

best advice you will get in this thread.

Wait for that time to come. You must be really bored right now.