I've always heard you shouldn't buy the first model year of a "new" car... - Page 2

Sesiom Summers · 05-26-2015, 04:22 PM

Ill wait to get the 17 full loeaded SS... just because it will be the 50th anniversary camaro

LesserO2Evils · 05-26-2015, 04:26 PM

Quote:

Originally Posted by IOMike

Thankfully we would be on the 3rd year of the LT-1, 2nd of the 8l90 and it being based off an existing chassis helps too.

There may be some more gremlins on year 1, but I think it will be fine. Year 2 will probably be better, if you can wait.

My thoughts, exactly.

SubSolar · 05-26-2015, 04:32 PM

There's a lot of things you "shouldn't do." You shouldn't buy a car that costs more than 10% of your annual income. You should always buy used instead of new. If you're already violating these rules I'm not sure why the "first year" one would bug you.

It does suck for the 2014 C7 Corvette automatic buyers that the next year it was upgraded to an 8 speed. But the Camaro already has this and I don't see any other major areas of improvement for 2-3 years.

ULTRAZLS1 · 05-26-2015, 04:36 PM

So I would have to make ~600k a year to buy a corvette?

I only make 55k and not married no kids. I can easily afford my 830 house payment and 500 for my truck. Got a few toys as well. Can go out whenever I want within reason.

That's a crazy conservative number!

laborsmith · 05-26-2015, 04:39 PM

It should not suck for the 2014 model year Corvette buyers opting for the auto6 as it was well known an auto8 would come on line for the 2015 model year.

The same thing happened for the 2005 model year Corvette buyers, except the it was the auto4 being replaced by the auto6.

Laborsmith

SubSolar · 05-26-2015, 04:47 PM

Quote:

Originally Posted by ULTRAZLS1

So I would have to make ~600k a year to buy a corvette?

I only make 55k and not married no kids. I can easily afford my 830 house payment and 500 for my truck. Got a few toys as well. Can go out whenever I want within reason.

That's a crazy conservative number!

Hey, I didn't say I followed the advice lol. It's just what financial experts recommend:

http://www.financialsamurai.com/the-...e-must-follow/

http://www.cbn.com/finance/ramsey092110.aspx

Of course, if every one followed these rules, tore up their credit cards, ate all meals at home, etc the economy would go into a depression.

DenverTaco07 · 05-26-2015, 04:56 PM

It's 10% towards finance payments over the life of the loan. If you are financing the car over 6 years, multiply our income by 6, then take 10%.

So, if you make 100K and financing over 6 years, you "shouldn't" buy more than 60K car.

that's my math and i'm sticking to it

Everyone's situation is different - finance people have a very narrow goal - save money for retirement. The other end of the spectrum is folks that don't care at all about saving for retirement a "live life now" philosophy. Me...I believe somewhere in the middle is a great place to be.

ULTRAZLS1 · 05-26-2015, 04:58 PM

Quote:

Originally Posted by SubSolar

Hey, I didn't say I followed the advice lol. It's just what financial experts recommend:

http://www.financialsamurai.com/the-...e-must-follow/

http://www.cbn.com/finance/ramsey092110.aspx

Of course, if every one followed these rules, tore up their credit cards, ate all meals at home, etc the economy would go into a depression.

I wasn't trying to call you out or anything. I haven't read the links just looked shockingly conservative at a glance.

With my current situation I could easily afford a car that costs around the same as my annual income. But I put 10k down on my Silverado and 14k on my 10 camaro. This helps obviously...

Bo White · 05-26-2015, 05:04 PM

My 2010 has had one visit to the dealer.

ssrs2lt · 05-26-2015, 05:07 PM

My 2010 2ss had zero visits dealer..awesome car

ULTRAZLS1 · 05-26-2015, 05:08 PM

Quote:

Originally Posted by DenverTaco07

It's 10% towards finance payments over the life of the loan. If you are financing the car over 6 years, multiply our income by 6, then take 10%.

So, if you make 100K and financing over 6 years, you "shouldn't" buy more than 60K car.

that's my math and i'm sticking to it

Everyone's situation is different - finance people have a very narrow goal - save money for retirement. The other end of the spectrum is folks that don't care at all about saving for retirement a "live life now" philosophy. Me...I believe somewhere in the middle is a great place to be.

Nice... I've pretty much inadvertently followed this rule and it has worked for me. I agree with this estimate.

The most I've ever financed is 36k on my Silverado and I make ~55k. Slightly over the recommended... But I'm not married and no kids. Far Less expenses than the average 4 person household.

ULTRAZLS1 · 05-26-2015, 05:10 PM

My 2010 never went to the dealer and I voided the warranty the first year with bolt on and tune. Did heads cam after that. Beat the hell out of it. Not one problem for 4 years and 20k HARD miles...

SubSolar · 05-26-2015, 05:21 PM

Yes, everyone's financial situation and goals are different. I myself want to retire around 50 (15 years from now), so I'm saving 50% of my income towards stocks/real estate, or at least trying lol.

RenegadeXR · 05-26-2015, 06:06 PM

Maybe not entirely surprising, but based on the NHTSA's compilation of recalls and complaints by model year, the 2013 MY Camaro has the least issues. The only recalls were for extremely small things — the ignition key recall, which almost everybody felt was a joke because it's so incredibly difficult to knock the key unless you intentionally tried, and a recall for, of all things, a label on the sun visor peeling off. Big deal. And after the 2014 MY refresh, a much more serious issue with the steering assembly was introduced.

http://www-odi.nhtsa.dot.gov/owners/SearchSafetyIssues

2010 (148 complaints):
14V346000 - Knee contact may turn ignition switch off
09V155000 - Positive battery cable reroute due to wear on cable insulation

2011 (90 complaints):
14V346000 - Knee contact may turn ignition switch off
14V447000 - Seat height adjuster bolt may fall out

2012 (52 complaints):
14V346000 - Knee contact may turn ignition switch off
14V447000 - Seat height adjuster bolt may fall out
14V300000 - Driver side frontal air bag may not deploy
13V023000 - (Duplicate of 14V300000)

2013 (52 complaints):
14V346000 - Knee contact may turn ignition switch off
14V447000 - Air bag warning label may detach from sun visor

2014 (mid-cycle refresh) (36 complaints):
14V346000 - Knee contact may turn ignition switch off
14V447000 - Air bag warning label may detach from sun visor
14V409000 - Improperly torqued steering component fasteners

2015
(Insufficient data)

In a product lifecycle, it's not uncommon for the most stable products to be seen either after the 1 year mark or near the end of the lifecycle when issues have been fixed. The 1-year mark is important because the original engineers who helped with the launch are likely still contributing toward addressing teething issues. From there, the launch team may move on to other projects in the company, and product quality might dip slightly, but improves again over time so long as major changes to features and function aren't made.

05-26-2015, 04:22 PM	#15
Sesiom Summers Drives: 94 Z28 / 01 Z28 / 2015 50th GT Join Date: Oct 2011 Location: Winter Park-FL /Bogota Col Posts: 447	Ill wait to get the 17 full loeaded SS... just because it will be the 50th anniversary camaro __________________ 01 SOM A4 Z28 / 15 Mustang A6 50th anniversary XXXhp 460hp

05-26-2015, 04:32 PM	#17
SubSolar Drives: 2009 Corvette, 1987 Buick GN Join Date: Sep 2008 Location: Corona, California Posts: 197	There's a lot of things you "shouldn't do." You shouldn't buy a car that costs more than 10% of your annual income. You should always buy used instead of new. If you're already violating these rules I'm not sure why the "first year" one would bug you. It does suck for the 2014 C7 Corvette automatic buyers that the next year it was upgraded to an 8 speed. But the Camaro already has this and I don't see any other major areas of improvement for 2-3 years. __________________ 2009 Corvette A6, Victory Red, bone stock dyno: 373.8 rwhp / 364.5 lbs. torque 1987 Buick Grand National Dyno run: http://www.youtube.com/watch?v=qghTd47KOgY&hd=1

05-26-2015, 04:56 PM	#21
DenverTaco07 Drives: 2017 SS 1LE, 2017 Volt, 2013 Pilot Join Date: May 2014 Location: Colorado Posts: 4,274	It's 10% towards finance payments over the life of the loan. If you are financing the car over 6 years, multiply our income by 6, then take 10%. So, if you make 100K and financing over 6 years, you "shouldn't" buy more than 60K car. that's my math and i'm sticking to it Everyone's situation is different - finance people have a very narrow goal - save money for retirement. The other end of the spectrum is folks that don't care at all about saving for retirement a "live life now" philosophy. Me...I believe somewhere in the middle is a great place to be. __________________ 2017 SS 1LE \| HBM \| Vortech V3-Si supercharger (620RWHP and 575ft lbs) \| PDR \| Black Bowties \| Illuminated Front Black Bowtie \| Illuminated Door Sills \| Smoked Tails \| vented seats mod

05-26-2015, 05:04 PM	#23
Bo White Drives: 2015 Summit White 2SS 1LE Join Date: Feb 2012 Location: Vance Alabama Posts: 8,018	My 2010 has had one visit to the dealer. __________________ Retired wanna be cylinder head porter 2015 2SS 1LE Clutch reservoir, Vararam DRX, ported TB, TSP 2" headers, MGW shifter Totalled: 2010 1SS Wilkes Performance/Eagle 416 shortblock, TSP custom valvetrain, PRC 260 heads, Edelbrock Pro Flo 102, th400 swap, 8" PTC 5500 stall= 535/435 at the wheels tuned Gen 3 Performance and Dyno 10.97 @ 124 full weight in 3100 DA CamaroFest X

05-26-2015, 05:07 PM	#24
ssrs2lt Drives: too many Join Date: Jul 2013 Location: oh va pa ma tx Posts: 3,046	My 2010 2ss had zero visits dealer..awesome car __________________

05-26-2015, 04:36 PM	#18
ULTRAZLS1 Drives: 14 Silverado LTZ Z71, 16 Camaro SS Join Date: Nov 2009 Location: Jackson, Michigan Posts: 4,407	So I would have to make ~600k a year to buy a corvette? I only make 55k and not married no kids. I can easily afford my 830 house payment and 500 for my truck. Got a few toys as well. Can go out whenever I want within reason. That's a crazy conservative number!

05-26-2015, 04:39 PM	#19
laborsmith Drives: 1969 Corvair, 2018 Camaro T4 RS Join Date: Mar 2009 Location: Detroit Metropolitan Area Posts: 2,881	It should not suck for the 2014 model year Corvette buyers opting for the auto6 as it was well known an auto8 would come on line for the 2015 model year. The same thing happened for the 2005 model year Corvette buyers, except the it was the auto4 being replaced by the auto6. Laborsmith

05-26-2015, 05:10 PM	#26
ULTRAZLS1 Drives: 14 Silverado LTZ Z71, 16 Camaro SS Join Date: Nov 2009 Location: Jackson, Michigan Posts: 4,407	My 2010 never went to the dealer and I voided the warranty the first year with bolt on and tune. Did heads cam after that. Beat the hell out of it. Not one problem for 4 years and 20k HARD miles...

05-26-2015, 05:21 PM	#27
SubSolar Drives: 2009 Corvette, 1987 Buick GN Join Date: Sep 2008 Location: Corona, California Posts: 197	Yes, everyone's financial situation and goals are different. I myself want to retire around 50 (15 years from now), so I'm saving 50% of my income towards stocks/real estate, or at least trying lol. __________________ 2009 Corvette A6, Victory Red, bone stock dyno: 373.8 rwhp / 364.5 lbs. torque 1987 Buick Grand National Dyno run: http://www.youtube.com/watch?v=qghTd47KOgY&hd=1

05-26-2015, 06:06 PM	#28
RenegadeXR Drives: 2011 Camaro SS Join Date: Apr 2013 Location: North Carolina Posts: 1,849	Maybe not entirely surprising, but based on the NHTSA's compilation of recalls and complaints by model year, the 2013 MY Camaro has the least issues. The only recalls were for extremely small things — the ignition key recall, which almost everybody felt was a joke because it's so incredibly difficult to knock the key unless you intentionally tried, and a recall for, of all things, a label on the sun visor peeling off. Big deal. And after the 2014 MY refresh, a much more serious issue with the steering assembly was introduced. http://www-odi.nhtsa.dot.gov/owners/SearchSafetyIssues 2010 (148 complaints): 14V346000 - Knee contact may turn ignition switch off 09V155000 - Positive battery cable reroute due to wear on cable insulation 2011 (90 complaints): 14V346000 - Knee contact may turn ignition switch off 14V447000 - Seat height adjuster bolt may fall out 2012 (52 complaints): 14V346000 - Knee contact may turn ignition switch off 14V447000 - Seat height adjuster bolt may fall out 14V300000 - Driver side frontal air bag may not deploy 13V023000 - (Duplicate of 14V300000) 2013 (52 complaints): 14V346000 - Knee contact may turn ignition switch off 14V447000 - Air bag warning label may detach from sun visor 2014 (mid-cycle refresh) (36 complaints): 14V346000 - Knee contact may turn ignition switch off 14V447000 - Air bag warning label may detach from sun visor 14V409000 - Improperly torqued steering component fasteners 2015 (Insufficient data) In a product lifecycle, it's not uncommon for the most stable products to be seen either after the 1 year mark or near the end of the lifecycle when issues have been fixed. The 1-year mark is important because the original engineers who helped with the launch are likely still contributing toward addressing teething issues. From there, the launch team may move on to other projects in the company, and product quality might dip slightly, but improves again over time so long as major changes to features and function aren't made.

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