Who can Realistically Afford a Corvette?

As a premier vehicle transporter and a trusted ally for thousands of customers nationwide, we are one of the first places that Internet users look when they need to move a Corvette across the United States. One of the first things that people have to consider with any substantive service – such as a vehicle or the shipping of a vehicle – is cost. Our third-party reviews help narrow the playing field, but money is always a factor.

Corvettes are too expensive for many people. Even at the base rate, the least costly Corvette model is almost $50,000: the MSRP of the 2013 Corvette Coupe is $49.6K. Many people crave a Corvette because of its style, and many, because of its speed. The latter trait also applies to us and the companies with which we partner – we aim to be the most efficient, fastest transport option available.

Nationwide Figures – the Upper Half

Looking at 2012 household incomes across the country from the US Census Bureau gives us a sense of how many of us can afford a new Corvette – and who, in turn, might become a customer of ours. Owners of these fantastic cars often opt to ship rather than drive to avoid wear and tear. We can provide that service if needed, getting your Corvette to or from Florida, a location in California, or anywhere in between.

Without further ado, let’s take a look at household income percentages throughout the United States. 28% of households are in the lowest bracket, $25,000 and below. This bracket could be assumed not to be able to purchase the sports car. The same could probably be said of the next tier up, making up 27% of the population and bringing home between $25,000 and $50,000 a year. Households below $50,000, then, make up 55% of the total population. So it appears that less than half of us can afford a Corvette, even on a payment basis.

Purchase by Loan or Outright

18% of the population is in the $50,000-$75,000 household range. People in this category, as well as those in the $75,000-$100,000 range – making up 11% of households – are at a level where it starts to become possible to get a loan for the vehicle. Those in the latter category could even purchase it outright, though that is unlikely because it would eat up so much of the household’s disposable income.

The vast majority of cash buyers of Corvettes, then, are those making more than $100,000 a year. Those households make up 15.93% of total American households. If you can afford a Corvette, whether by loan or in cash, go out and get one, and we would be happy to transport it for you.

Source:

Chevrolet

Wiki