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*Pics* New user (Corvette, Trans Am owner)

Discussion in 'American Muscle' started by Polish/Chrome Pro, Jun 6, 2006.

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  1. Polish/Chrome Pro

    Polish/Chrome Pro Rookie

    Jun 6, 2006
    7
    #1 Polish/Chrome Pro, Jun 6, 2006
    Hello, the name's Joshua. I'm seriously thinking about buying a 355 within the next 3 months.

    I have a couple cars (GM) and I consider them to be a "poor man's Ferrari." ;)

    Anyways, here's a couple shots of my favorite- 2002 Firehawk- 515 bhp/ 6 speed/ 4.11 gear ratio. Best 1/4 mile time is 11.4 @ 124mph on street tires.

    All work was done by me. Here are a couple shots of the engine and car.

    [​IMG]
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  2. ramjusk

    ramjusk Rookie

    May 20, 2006
    25
    #2 ramjusk, Jun 6, 2006
    hell of an engine bay.
     
  3. dongerdude

    dongerdude Formula 3

    Mar 17, 2006
    1,200
    Full Name:
    Carl
    #3 dongerdude, Jun 6, 2006
    Helluva 1/4 mile time - would like to know what it can do on slicks!
     
  4. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,380
    Houston, Texas
    Full Name:
    Bubba
    #4 BigTex, Jun 6, 2006
    Welcome!

    Man, makes me embaressed..I don't even WASH the engine in my 25th Anniversary Trans Am LT1 6 speed......LOL!

    It's a different felling in the 308GTBs, with the weight behind you..you are about 6' lower to the road as well!
     
  5. Polish/Chrome Pro

    Polish/Chrome Pro Rookie

    Jun 6, 2006
    7
    #5 Polish/Chrome Pro, Jun 6, 2006
    I've been a passenger before in a 355 and it was a treat to say the least. Lots of attention.

    I found a finance company that has extended terms (up to 120 months!!!) @ 8.9%.

    I'm thinking about a 20k downpayment (my limit) on a $70k 355 financed over 96 mo using collector insurance should keep my payments around $750 per month max.

    That seems worth it to me for such a fine machine. Of course I'd have to figure in service costs and so on, but..... :)
     
  6. jimpo1

    jimpo1 Two Time F1 World Champ
    Owner Silver Subscribed

    Jul 30, 2001
    24,904
    Dallas, TX
    Full Name:
    Jim E
    #6 jimpo1, Jun 6, 2006
    And don't underestimate those costs....
     
  7. Darolls

    Darolls F1 Veteran
    BANNED

    Jul 2, 2003
    7,782
    Full Name:
    Sparky
    #7 Darolls, Jun 6, 2006
    IMO, to finance a depreciating investment for a long period of time, is not a wise financial decision.
     
  8. Polish/Chrome Pro

    Polish/Chrome Pro Rookie

    Jun 6, 2006
    7
    #8 Polish/Chrome Pro, Jun 6, 2006
    Yeah, but the financed price will be around 55k. (after my 20k down.) It's hard to believe that a 355 will ever be worth much less than that.

    It's not like I'm financing a Mustang.

    I can pay the whole principle even with the 10k in finance charges over time I can get the enjoyment out of the horse and still get most of my money back if I want to sell it in the future.

    Buying a Ferrari when it's almost fully depreciated can't really be a bad choice. If I bought the car brand new then it would be a totally different thing. ~Joshua
     
  9. Darolls

    Darolls F1 Veteran
    BANNED

    Jul 2, 2003
    7,782
    Full Name:
    Sparky
    #9 Darolls, Jun 6, 2006
    And you will have paid $92k for a car worth $70k today.

    In 8 years, what do you think the car will be worth?

    I know, it's hard to say!
     
  10. Polish/Chrome Pro

    Polish/Chrome Pro Rookie

    Jun 6, 2006
    7
    #10 Polish/Chrome Pro, Jun 7, 2006
    Tough decision.... especially with life being so short.
     
  11. racespecferrari

    racespecferrari F1 Veteran

    Jan 31, 2006
    7,583
    Suffolk, Uk
    Full Name:
    Pete.G By The Sea
    #11 racespecferrari, Jun 7, 2006

    Thats a fine machine
     
  12. racespecferrari

    racespecferrari F1 Veteran

    Jan 31, 2006
    7,583
    Suffolk, Uk
    Full Name:
    Pete.G By The Sea
    #12 racespecferrari, Jun 7, 2006

    Exactly, buy it and enjoy it ;-)
     
  13. SSNISTR

    SSNISTR F1 Veteran

    Feb 13, 2004
    8,046
    SFL
    #13 SSNISTR, Jun 7, 2006
    Wecome, from a fellow F-body owner.
     
  14. Ducman491

    Ducman491 Formula 3

    Apr 9, 2004
    1,591
    Mentor OH
    Full Name:
    Jason
    #14 Ducman491, Jun 7, 2006
    That is a really nice car. I'm a former Trans Am owner myself. (15th anniversary) I don't know about financing that much of a Ferrari. Maybe look into a 348 or a 328 and only finance 25k to 30k. It seems to me that $750 a month for 8 years on a car I will only drive sporadically is too much. But it is your money and your car. Good luck. If you are going to do it, post pics, the 355 is a great looking car.
     
  15. Polish/Chrome Pro

    Polish/Chrome Pro Rookie

    Jun 6, 2006
    7
    #15 Polish/Chrome Pro, Jun 8, 2006
    Thanks everyone. I really appreciate the reception. We'll see what pans out. :) ~Joshua
     
  16. TexFerrari

    TexFerrari Formula 3

    Sep 11, 2004
    1,194
    Texas of course!
    #16 TexFerrari, Jun 9, 2006
    Nice car and good luck Joshua. Hope your credit score is in the high 700's.
     
  17. SMS

    SMS F1 Veteran

    Jan 7, 2004
    6,775
    Indy
    Full Name:
    Bill S.
    #17 SMS, Jun 16, 2006
    Man, I'm real dissapointed in that ugly radiator hose clamp you've got in there.


    Seriously though, great looking car. I know GM used composite intakes, and less intake charge heat build up is the big deal, but your alum one is awsome, and one can't complain about your perf.

    Bill
     
  18. bostonmini

    bostonmini Formula 3

    Nov 8, 2003
    1,890
    #18 bostonmini, Jun 16, 2006
    I like your car; that engine is incredible. The 355 is a beautiful car; just be sure u realize how much slower it is!!!
     

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