08-09-2008, 07:57 AM
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#1 (permalink)
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Tilted Cat Head
Administrator
Location: Manhattan, NY
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Ask Suze Orman: Can I Afford a Corvette ZR1?
Quote:
View: Can You Afford A Corvette ZR1?
Source: Jalopnik
posted with the TFP thread generator
Can You Afford A Corvette ZR1?
If you're looking to justify the purchase of a 2009 Corvette ZR1, Suze Orman may not be the best person to call. That's what one potential ZR1 buyer found out when he called into the "Can I Afford It?" segment of Orman's financial advice show on CNBC.
But Dan, the caller, isn't exactly some penniless chump dreaming beyond his means: He's got $150k just chillin' in his savings account. Now, we know the ZR1 starts at $103,300, but Dan was figuring on spending $120,000. Of course, Orman apparently doesn't understand just how special the ZR1 is, claiming that its value will drop like a brick as soon as it pulls off the dealer lot. We're not so sure, what with the first car being auctioned off for a cool $1,000,000. Not to mention, if Dan can actually find a ZR1 for $120k, with all the inevitable dealer mark-ups, he'll be getting quite the bargain. [via CorvetteBlogger]
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This is one of my favorite segments on the Suze Orman show. I love watching people list out their assest and liabilities and find out that they have too many liabilities and/or not enough assets asking dumb questions like,"Can I afford to take a $10,000 dream vacation?"
Of course, if he keeps the car and doesn't drive it... will it really be an investment vehicle?
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