Zr1

[cobrar1339]

I'm wondering if it will handle as well as a Z06 with the added 200 pounds, although the ceramic brakes are sweet! Wish our GTs had them.

I have a good friend that runs a high end Porsche shop and they actually take off the ceramic rotors.

Owners store them as no one wants to pay for the replacements. He builds the Rotors for Porsche Motorsports and that is what the guys are swapping to.

Good idea, but not cost effective to run very long. But GM has a way of getting replacment costs on Vette parts as Chaep as most Mustang stuff.

I really like the C6Zas a track car or Daily Driver. You have to step up to better brakes, but other than that, I hear they are holding up pretty well so far.

The ZR1, well I think I would rather buy a New C6 and a good 1st gen ZR1, and bank a few bucks. That engine was a work of art. And they run very strong with a flash and gear change, totally different animal after that.

 

[Waxer]

I admit I don't know alot about Corvettes so I must defer to you guys...but $900k sounds rich for a vette even if it is number 1.

Dan, I'm not an accountant, so I'm not following the "write off" angle on the $900K ZR1. I have a hard time understanding how could it be justified as a business expense:confused

Thanks.

 

[DoctorV8]

The ZR1, well I think I would rather buy a New C6 and a good 1st gen ZR1, and bank a few bucks. That engine was a work of art. And they run very strong with a flash and gear change, totally different animal after that.

+1

The C4 ZR-1's DOHC is more unique than the new cars blown engine, and with a few choice mods, you can have a serious beast on your hands. my Lingenfelter stroker ZR-1 makes over 550 rwhp on pump gas with 12:1 compression, and revs to 7500 rpm like no LSx motor ever could.

 

[barondw]

I admit I don't know alot about Corvettes so I must defer to you guys...but $900k sounds rich for a vette even if it is number 1.

Dan, I'm not an accountant, so I'm not following the "write off" angle on the $900K ZR1. I have a hard time understanding how could it be justified as a business expense:confused

Thanks.

Trying to keep it as simple as possible.
Two angles:
First check is written to a charity. Thus a portion is tax deductable as a charitible deduction. If 50% tax bracket maybe $ 400-500,000
Second, since the car will probably be displayed at his 2 dealerships, it is advertising, a legitimate business expense. Write off rest of cost as an advertising expense.

Between the 2 very little cost to him. Of course you need the cash flow to write the check unless you have a rich uncle.

:cheers
Dave

 

[B O N Y]

Evan,
It is a straight charitable deduction for every dollar above retail paid.

It is also a great promotional device.

Meanwhile, the car does not stir my soul.
Cheers,
Daniel

 

[ChipBeck]

In person.

I'm just wondering if this car looks better "in person", you know?

I remember I wasn't really all that impressed with the looks of the '06 ZO6 when pics of IT were first released, but, when I actually SAW one (yellow) in person - me likey'd.

'Wonder if the same will be the case this time around? :shrug

Gentlemen,

Remember in high school when one of your buddies wanted to introduce you to a girl you had never seen before. And the first thing you would always ask was, "What does she look like?" If his answer was, "She has a great personality", that was the kiss of death. In automobiles as in women, you can combine merely adequate performance with a beautiful body and guys will flock to it. But if you offer outstanding performance in an average body with a big butt and some odd features, you are not going to get many takers. :ack

Over 600 hp combine with world-class handling and brakes to give the new ZR1 a "great personality". The superlatives stop there. :thumbsdow

A couple days ago at Barrett Jackson I spent about 20 minutes studying a blue ZR1 that General Motors had on display. Does it look better "in person"? In a word, NO! After reading about the car, its features, and tremendous performance for $99,000, you gotta love it right? But in person it looks big and bulky. I think the base model Corvette being produced today is better looking than the Z06 and I think they're both better looking than the ZR1. The cheesy black plastic front fender air extractor moldings combine with other inappropriate splashes of black plastic in odd places to unnecessarily cheapen the appearance of this car. The superthin spoke wheels contrast with the thick bulk of the sides and rear end of this car. With the looming 35 mile per gallon performance killing regulations headed our way, this ZR1 may be the last American supercar for a while. If it looked like the base Corvette, which I think is a very nice looking car, I believe I'd have to add one to my stable. The styling of the new ZR1 is a deal killer for me however.

Chip

 

[Waxer]

Dan: You put it perfectly. Thats exactly it. The car "doesn't stir my soul" either.

It doesn't evoke the emotion and the "butterflies in your stomach" like everytime I look at the FGT.

Well put.

 

[Fast Freddy]

imo the ZR1 is not a supercar. i don't think the viper is a supercar either. the ford GT is a supercar.

 

[ChipBeck]

Faster than a speeding bullet, more powerful than.....

Super is as super does.

Forrest Gump

 

[mousecatcher]

Trying to keep it as simple as possible.
Two angles:
First check is written to a charity. Thus a portion is tax deductable as a charitible deduction. If 50% tax bracket maybe $ 400-500,000
Second, since the car will probably be displayed at his 2 dealerships, it is advertising, a legitimate business expense. Write off rest of cost as an advertising expense.

Between the 2 very little cost to him. Of course you need the cash flow to write the check unless you have a rich uncle.

:cheers
Dave

50%? wow.

top corporate fed rate in US is 35%. ND (where ressler is located) state rate is 7%. dunno how deductions work for state though. but if he can negate 100% of the retail cost and 42% of the premium he effectively paid $522k. i'd hardly call that "very little cost".

if he's doing it as a corporate deal, he'd do better to pay BJ (or whomever) the $1mm outright and write off 100% as a business expense. i think the irs might have something to say about that though, not sure. it might have to be a capital expense that he has to depreciate over 3 or 7 years?