The TRUE Cost Of Ownership | Corvette Stingray (Insurance, Taxes, Maintenance, Etc.)
Vložit
- čas přidán 25. 06. 2024
- Here is a full breakdown of my ongoing costs to own a 2016 Corvette Stingray. Some of these (Tires & Maintenance) I haven't actually paid for yet, but still wanted to share. It's definitely not cheap to own, but I think it is an outstanding value compared to the cost to own some of it's competitors with similar performance. I did not discuss the cost of repairs since majority of C7 Stingrays are still covered under warranty and there is little information available about repair costs to owners.
Help get this channel to 3,000 subscribers! Subscribe and share this video with your friends!
Send pictures of your car to be featured in an upcoming video!
Twitter link:
goo.gl/WJJ3LA
Instagram:
@carscoststech
Email:
carscostsandtechnology@gmail.com
Follow these guys!
Inspiration_ (CZcams)
@vette_toy78 (Instagram)
@vettehub (Instagram) - Auta a dopravní prostředky
You should be a radio host. Your voice is clear while talking fast
Lol thanks man. I don't think anyone has ever said that to me before.
I agree your delivery is dope.
+Jeff King Thanks man 👍
Underrated comment 100% agree lol
Cars, Costs and Technology if your ever in Michigan hmu love to do a meet up your an honest legit CZcamsr and I like your content also if you wanted to look into radio business lmk I’ll help you out!
in two years i will have a corvette🤞🏽
Edit: lmfao hell naw. I’m in the navy now saving up. But at least I got a career🫡
Just make sure the cops don’t see you stealing one.
Hopefully me 2 soon
gocrazyjames good luck. I am hoping to get one in the next 6 months to year and pretty excited
you have a corvette yet? its been 2 years
@@JuanMartinez-iw5nx lol I wanna know too
Your gas prices blew me away. My basic gas in CA is about 3.50-3.90 a gallon.
lol I pay £6 a gall, Premium,, 1 -30 us to the £1 = 7.80 :-(
thank you for this video. good layout of information and clear explanation. much appreciated :)
Thought your info was great,thanks for taking the time to do this.
+Tom Lucas No problem Tom. Thanks for watching 👍
Thank you for making these videos my Audi A6 finally gave out and I'm considering a Vette because it's a car that I love and watching these videos have given me so much information about what it would be like to own a corvette
+Logic 301 So glad I could help man 👍 I appreciate you watching and taking time to leave positive feedback!
Owning this vehicle in NYC is a nightmare. I'd love to own a corvette. But the potholes, terrible roads and bumper to bumper traffic make ownership awful.
Just move out of that shitehole
Another great video! thanks!!
+American_Patriot_24 Thanks for watching and supporting the channel 👍👍
This was what i needed to see thank you so much !!!
+Brandon Smith No problem man! I'm glad I could help. Thanks for watching.
Another reason to love Texas. Here only income generating vehicles are taxed.
+Michael Gonzales That's awesome!
Great video.. I cant wait to get mine. Keep up the great videos. congrats on 2k subs. 👌
+LILSAM702 Thanks man!
Broooooo this ideo is freaking golden knowledge for me thank you!!!!!😫
Wonderful video about theC7 Chevrolet Corvette. I PLAN ON GETTING ONE. The Stiingray MODEL is the one I like.
Thanks! You'll love the Stingray. It's an awesome car 👍🏻
Good job on the video!
Very good continuation of your first video on costs. Interesting your state charges you Property Tax on automobiles. That's what you call the Uranium Mine Trick. The state gets the uranium and you get the shaft. As to insurance, check with your insurance company to see if their rate will go down if/when you get married. You have the expense of insuring a second driver, but it's possible your rate will be lower. Congrats on the 2k subscribers.
+Daphne CArey Thank you 😊 It seems like yesterday that we were celebrating 1K lol. I'm very thankful. I'm definitely not a fan of the property tax... In SC we pay income tax, property tax, sales tax, etc. Then you have to pay taxes again on earnings from your savings and gains from stocks sold. It's pretty frustrating.
I’m thinking bout getting one after I finish paying off my mustang thanks for the help 👍🏽
Very good video!
Most informative car video I have seen.
+1NinjaSamurai Thank you! 👍
My dream car
I am 24 have a perfect record and am paying like 400 a month for my Z51... any ideas?
Buy a honda
Enjoy your content bud. Waiting on my build week (told I should find out by 2/14) Torch Red HTC. I've only caught a few videos so far - as funny as it sounds since I ordered a C8...I can't wait to own a C7 down the line too.. Not sure if you are near me (Nashville) but you can definitely check out my car - hoping for an early May build week. Keep up the good work.
That's awesome man. I'm not too far away (Greenville, SC). My TPW for my C8 is 4/6, so I'm hoping to have my car by late April!
Like my Father said , " if you want to be like a sport you'll pay like a sport ".
great work thanks man
👍🏻👍🏻
Looking to get this car, man i'm 18 and Statefarm quoted me a whopping $617/mo. Does this sound right? Or are the trying to swindle?
If anyone can help please let me know
Swift ya this actually fairly decent depending what year you get.
Depends on where you live, how densely populated, how old you are, whether you are married or not, what your driving record is, what type of car you drive and how old it is, whether you want full tort or not, what type of coverage you want, how much you drive the car and how far you drive, and sometimes other factors. But you might want to shop around. As an 18 year old your insurance is going to be high. It drops when you get married and it drops as you get older. It bottoms out in your 40's and 50's and then it climbs again when you are in your 70's and 80's. If you want to minimize your insurance costs, move to a rural area, get married, get older, telecommute, drive a cheap, undesirable, older car and maintain a good driving record.
Thanks for making great videos and posting my cars
+Darrick Campbell Thanks for sending them to me 👍 Really cool cars for sure.
Very good video your great
Good information
Nice video breaking it down. Like you said, tires are variable based on how you drive. The SuperSports can go 30K plus miles on the highway if you don't push them hard. I destroyed the fronts on my Z06 in just 2400 miles because I track it and the rears are half shot.
+Glenn K Thanks for the feedback! I'm sure it was worth the money, but new tires every 2,400 would be crazy expensive! Especially on a Z06.
mines in the garage till weekend, 16 3LT
Nice video informative. I have been looking into a C7 perhaps a z
+dmcepeda Thanks!
Had one at 22 in 2005, and know it “comes with the territory!”
Corvette owners don't want to drive fast or do burnouts!
They have to! It's a contractual obligation after purchasing the vehicle! Not doing either is heretical! 💩
a first of its kind vlog.. cool!!
+Mr. Lopez Thanks man! I appreciate the feedback.
No prob!
25+corvette=A#HARDWORKER!
You're the first person to say that. Thank you! Most people assume it's my parent's money or I'm in over my head with debt. There are still young people in this world that work hard lol! Thanks again man, made my day.
As a 23 year old I was torn between a brand new evo x and a used z06. I love my evo but I just can't do slides or burnouts for obvious reasons. With the vette I was scared of insurance and it was much easier to justify a four door awd. This video makes me long for a vette even more :/ my current goals are a turbo upgrade and supporting mods. I've been working hard towards this but I'm missing rwd. If all goes as planned I'll have a video of my modded evo on my channel in 2-3 months. But I might cave and get something rwd. Either way great content! Very helpful.
Thanks man! I'm biased towards the Corvette, but you probably could've guessed that by the video lol. I hope you figure out which will be best for you! Thanks for watching.
John Smith I have 2 boosted cars (EVO X and STI hatch) Iwanted my 3rd car to be an NA build. The STI is my daily. Both the EVO and C7 are pretty steep on insurance compared to the STi. Just keep that in mind. If you are just looking for the fastest best driving car its the vette hands down. The evo is awsome but the seats dont go up and down and the steering wheel is only up n down. If your gonna daily one car, make it an STI! There is a few videos on my dog channel you can see the Jap cars in the background. I will be making car videos starting in July with all 3 cars! I just got the Z51 C7 last week or so. it's an awsome car!
When I was 16, my Dad asked me if I wanted to buy a Corvette, he would co-sign. I was working full time while going to school. The Vette was used at a local Chevy dealer. $36 down and $36 a month. The first thing I did was call my insurance company. They said if I got a Corvette they would drop me.
Rick Uyeda But did you get the Vette? lol
Z06
Right on man. I am 24 (mechanical engineer in sales) and just purchased a 2018 Grand Sport - hopefully this helps someone understand cost.. I paid roughly 65k out the door for it. MSRP was 75k. I pay 868 every 6 months for insurance. This includes full coverage and gap insurance with direct OEM replacement in accidents. FYI monthly payment on a car like this is roughly $900.
Matty Hitz that's exactly why most 23 year olds are driving these cars unless there living with mommy, daddy and have no bills 😏
How long is your loan for?
I find it insane that everyone pays so little for their insurance and mine still wants 300+ a month. I had one ticket that fell off a few months ago as well.
@@westdeaton4127 not true man, picking up my Stingray tomorrow brand new and I turn 20 in November. 730 credit score and doing it all myself
@@westdeaton4127 Not all of us younger generations are broke. I'm fully living on my own working as an engineer in oil and gas and i'm 21. I could get one of these badass cars. but not until i'm able to afford two in cash.
30 mpg on the highway?! Geez, my Acura TL doesn't get more than 24, if I'm careful. I am torn between a C7 and a C6, and like some others who have commented, a Cayman S. This video was very helpful in my decision process!
+James I'm glad that the video was helpful for you! Good luck with your car shopping and thanks for watching 👍
Must be nice out there with low fuel prices.... Not so lucky for us Californians... 😭
Great videos! Quick question: What city/state are you insured in? I am older than you, with a professional license (chiropractor), have no charged accidents, and a completely clean license, and I am paying almost what you are just for liability on an older car, not even a Vette. Of course, I am in NY City (Brooklyn) so I assume you are in a very rural area? Thanks, and again, great video!
+ChiroVette Thanks for the feedback! I'm in SC, so that definitely makes a big difference from NY.
4:00 the good ole days 🥺
Property tax on a car?! Wtf
Jordan Hyatt yep ):
And now he can’t deduct it from his taxes anymore lol
Good old Kansas has this too.
with normal driving about how many miles do you get out of the summer performance tires? Thanks for the vids and info, helps a lot
+rajparmarman Thanks for the feedback 👍 I've only put about 4,000 miles on the tires since I bought the car, but they seem to be holding up great so far.
I'm looking at moving south, and trading in my newer Ram for a Corvette as my only car.
Hope u did it bro
Tony stevens update?
Any update
Wish I didn't spend my 22 - 27 buying random crap... could off got a nice car or house. Never too late so guess. Bought a C7 in my 28 bday. New life and saving for the future.
Do you drive your car daily or is it a weekend car? I want to purchase this car hoever plan to use it as a daily car.
See it really sucks. My insurance typically costs me double what my car payments are. I have no tickets and I have high deductibles. It’s absurd. I just don’t see why.
But what are you insured for? I found out that Geico tends to give you the bare legal minimum so you get a lower rate, but that ends up screwing you if you end up in an accident.
(I got rear ended by someone who was insured with geico, but was only insured for half of what it would cost to fix the car)
You obviously don't live in Michigan (based on your insurance rates alone). Great video discussing the potential costs. Compared to comparable sports cars the cost per mile is very low.
:-)
I think the your estimates are very high, however, I have owned several Corvettes over the years and have never spent that amount of money per year. I have Historic plates which are good for life and never have to be renewed or the vehicle inspected, however, you are restricted to limited mileage per year which is fine as I only drive mine in the summertime. I also do most of the mechanical work myself and save money. Tires last me several years and I do pay personal property tax and my insurance premium is much lower than yours. The total for me is about $1000.00 or less for the year.
I wouldn't expect to get much more than 12,000 miles on the summer tires. And that's with "spirited" driving and nothing juvenile.
I'm 23 and I pay $270 for insurance for my Chrysler 300s each month because I had an accident 1 year ago.
Shit I’m 19 and pay 300 a month on my grand Cherokee cause of my accident
i'm about to be 18 and am gonna need insurance of my own. how much do you think mine will be considering i had an accident that totaled my car a few months ago and got a misdemeanor
autumnn paige that depends on your car, if you need full coverage or not, if the accident was your fault. Your grades. Your best bet is just to call and get a quote. Doesn’t cost anything. But at the same time don’t expect anything super cheap. Especially at a young age
@@autumnnpaige6415 489.72 a month
I’m 23 and I pay 160 a month for my Mini Cooper S
Ugh. It's seems like the only reasonable okay looking sports car I can afford is a mustang.. I don't care much about the speed. I just want something that looks cool. I'm not even a mustang type of person but it seems to be my only option.
Great video. I have to ask though, what state is this where gas is so cheap?
Thanks for the feedback 👍 I live in SC.
Cars, Costs and Technology wait seriously same! Where did you find those roads tho? I’m in the Charleston area and there’s no nice rural winding roads like that.
Thanks. Now I gotta make some calls to used Camry dealer
If you pay cash, i wonder what liability insurance would be? Im not interested in taking out a loan
Some insurance companies won't insure a Vette. Heck, they won't even insure a V8 Mustang if it has a stick shift.
+Rick Uyeda That's crazy. Geico has been pretty good to me with my C6 and C7.
Have you ever seen a V8 Mustang leaving a car meet? I don't blame them.
Well V8 mustangs have pretty bad record for crashing because many of the people that buy them are young kids that have never driven a fast car before.q
What di you do to earn that Corvette? And what do you do now?
So much cheaper than my BMW, cant wait to get a c7 corvette.
Wtf i have a 2017 v6 camaro and yesterday i spent $55 on gas ...
property tax? probably means personal property tax on plates that goes down every year as value goes down..
I'm 58 great driving record. Insuring it scares me
We have property taxes in the state where I live, but I don't pay annual tax on my car... wtf?
I'm 58 I pay more for instance for my suburban than my vette I pay 650 a year for both vehicles
What does property tax have to do with your car I don't understand
Just curious what state you live in. Although Colorado doesn't have property tax here, they do hammer you on registration, which is based on the value of your car. Is this basically the same in your state?
+Bill Hengsteler Same concept. In SC you have to pay property tax based on the value of the car in order to register it.
Then I definitely feel your pain for that. I have 2015 Stingray. Thankfully I just recently retired from the Army after 21 years, and since my disability rating is high enough, i never have to worry about registration fees. Otherwise it would run me about $850 a year. Gotta add though. What a deal/steal you got. When I bought mine new, the sticker was 74,000.
Thanks for posting the drawing :D I really like Corvettes, I really do, and I love the cars, but I think since I want some luxury... I'm gonna have to let the 2017 Porsche 718 Cayman S be my first car. After taking into account the money I can earn through investing, I think I could pay the ~$35,000 for a used one in 5 years. I'll be 17 in 5 years. I had a whole spreadsheet and it came down to either a 2016 Stingray or the Porsche and the Porsche won. They are still magnificent American cars :)
Thanks for sending me the drawing! I'm sorry to hear that you want to join the dark side... Lol just kidding. I like Porsches also. At least you've got plenty of time to save and do research before the time comes to buy your car.
Cars, Costs and Technology Yeah. I guess I do. My parents are telling me my opinion will change very much, but I have had enough research and the Cayman in either a Blue or Lava Orange would look the best. I have $200 saved up in capital and I'm waiting so I have $500 to invest in... you guessed it... maybe or maybe not guessed it, but Ford, GM, and various others seem pretty steady but so do IT and energy companies. Sorry for going off topic a little \(•_•)/ I get caught up saying what's on my mind a lot. Anyways, thanks for responding! :D
Inspiration _ calculate maintenance costs... oil change and normal runs cost a lot more than on average...and that's first hand knowledge
I'm 20 and gonna pick up a 19 grand sport 😁 just waiting for my civic lease to end. And college is cheap where I live. 1
UKnow wow that’s awesome, congrats. How much will insurance cost? I’m 19, and unsure.
How much was ur insurance?
Anthony Fernandez I picked up a 2020 Supra actually! $66/month for full coverage haha
I’m 19 and in NY. Roughly, how much would insurance cost? (Just curious)
Not sure man. Find a Corvette VIN at a local dealership and ask your preferred insurance company to put together a quote for you 👍
Do you think it's a good idea to first get a non sports car that is a 2018 model then a few years after trade it in for a sports car? Really thinking about this because I have a steady job and have more then enough to get a 2018 model car. (Not a sport car)
Droidz Designs get a escalade
Westside Hustle your comment is interesting. My humble advice is get what you like enjoy it and be done with it
That’s a terrible idea financially.
I’m California the gas prices are twice as that the gas your paying for there.
so... between corvette,viper, camaro, or shelby gt ????
+Manuelbacon40 All awesome options! 🇺🇸 I would choose the Corvette with the Viper as close second 👍👍
and if you're in southern ontario you can pretty much double the cost of fuel and even with my clean driving record of almost 30 years i know my insurance would be at least 3k a year
+Dave H Wow, I didn't realize it would be that much more there. Thanks for sharing.
Cars, Costs and Technology sad but true. I pay over a grand just to insure a 2011 malubu and gas today is $1.13/litre and gets more expensive the more north you go.
whats your mic setup like??????????
Just use my Galaxy S8 👍🏻
Almost $1k for property tax? Holy crap 😱
+Skullcrusher Gaming Yeah I know... 😔
Cars, Costs and Technology could you elaborate a bit on property tax for the Vette? I thought that was only for houses lol
Damn you need property tax on top of full-coverage auto insurance?! Is it because the car is a collectible of some sort?? I don't think this applies in California..
Do you have to pay property taxes in Texas for an average pickup truck
Los Ojos De HotSpanish no
Is the insurance full?
Yes, full coverage with a high deductible.
When I was 23 I had 2 Lamborghini diablos
Nice 👌
Why do you have to pay property tax on your vette our license fees cover the tax
Z0mbiekiller254 I did it when a lease to own truck in my county. Tx. I did it with out know it. No good.
Second!
How tall are you? Im 6'4'' and Im trying to figure out if I can fit in these newer corvettes
+John Doe Around 5'10" so I fit in it fine lol. I would go test drive one. They're fairly spacious.
I wouldn't be too concerned. I'm 6'3 and have plenty of room in mine, and I have abnormally long legs (36" inseam)
I’m 23 and I have questions what do you know I want to learn you got an email
Wish I pay that much for gas were is this
Texas got property taxes?
First!
Resale value???!!?? We don't buy Corvettes to resale them.
understanding the value of depreciation is critical... even if you don't sell it. It still has a value that contributes to your overall assets. that's like buying a house for 300k knowing that in 1 year it'll be worth 150k. but saying I don't plan to sell it so it's no big deal.
Third!
I actually got a great deal on insurance because I don't put many miles on mine. My 2004 only has 16,000 miles
Wow, it must be in mint condition.
Randy Correia my 2014 only has 2000 miles on it
Wtf property tax on your car per year wtf
Regular gas here is more than premium for you 😱
Eddy Alvarado
Lol same here. Just paid 2.44 for the cheap shit! At a shitty gas station to. Its my back up car so fuck it.
22 years old and pay $130 for insurance on a Porsche Boxster PDK
Bruh 1.87 lol, not no mo.
Wait a minute $900 dollars good bye
Property tax on a car? whatbullshit is this? 😂😂😂
CCT: Property taxes on your vette? Do you mean your annual vehicle licence registration fee? Please advise.
Here in Kansas gotta do it too :(
Noice
Lol excellent word choice!
czcams.com/video/rQnYi3z56RE/video.html
Appreciate the info, but you have to consider that costs vary WIDELY! I pay $735 a year for insurance. $100 a year in taxes, and about $700 in gas (6000 miles) so you can see that my expenses are vastly less than yours. You really can't take your experience and extrapolate to the general population. Yes, you had lots of caveats in your vid, but still--you can't come to any conclusions here because, really, the vid is all about you.
+Michael Schuyler Absolutely, I tried to emphasize that everyone's individual situation will determine their cost of ownership. I just wanted to give some type of reference point for those that have no idea what to expect.
Six years ago Trump had this country on track, $44 for a full tank.
This guy talks ridiculously fast.
Breath at the end of a sentence. Geezzz
I like that he talks fast. I don't have time for x1 speed, lol.
how many of these type of vids do u plan on making? its getting a little annoying
+killer KEEMSTAR Sorry that you feel that way man. I'm trying to make some videos based on requests that I get in the comments in addition to my own ideas. Do you have anything in particular that you would like to see a video on?
+killer KEEMSTAR No problem man. I try to stay open minded to constructive criticism to make sure that the channel keeps on improving. I've actually gotten that suggestion before. I'll see what I can do! Thanks for the feedback 👍