![]() No one took the time to really explain it to me. “Enjoy making your car payments for the rest of your life while I take my family to Europe on vacation whenever I want.”Īt that time I wasn’t really familiar with the concept of time value of money and compounding interest. The professor’s next statement has stuck with me ever since: Over half of the class raised their hands with me. I recall being one of the first students to immediately raise my hand. He asked the class to raise our hands if this were true. How many of you plan on buying a new car every 3-5 years? During one of his lectures, he asked our class the following question: Then one day the professor of my Finance 361 class changed my outlook on car payments for the rest of my life. If it wasn’t a BMW, it was going to be something foreign for sure. I had this vision that once I graduated and got a real job I’d be driving something sporty like BMW. I was supporting myself all through college (with the help of the National Guard) and shelling out $250 a month for a car payment just didn’t feel right. Not having a car payment was huge for me.Īlthough I constantly visioned myself driving something A LOT cooler, it was still nice having extra cash to enjoy life. I was lucky enough to have an awesome grandmother who offered to pay it off as a graduation gift. It was the first car that I was actually responsible for the payment.Įither way, I was ecstatic. I bought the car when I first moved back to Illinois to attend junior college. ( Guess I had some weird obsession for 4 doors, huh?) My “Nanny” to be exact.īefore the Lumina I drove a 4 door ’96 red Pontiac Grand-Am. In Latin America, the Chevrolet Lumina is sold under the Omega nameplate.A champagne colored 4 door ’98 Chevy Lumina Sedan that was suitable for a grandmother to drive. In some Asian countries, the Chevrolet Lumina continued as a rebadged Buick Century/Regal. The front-wheel drive Chevrolet Impala was introduced as a replacement for the Chevrolet Lumina in 2000, although GM did produce 2001 model year Luminas to be exclusively sold for rental fleets. Also in 1998, the Chevrolet Lumina received second generation airbags. m) more torque and general reliability.The (3.8 liter) LTZ has impressive performance because of such refinements,with 0-60 mph (0-100 km/h) times of 7.5 seconds,1/4 mile (400 km) times of 15.0,but high 14 second runs have been achieved,it is also limited at 120 mph (190 km/h) because of the rev limiter at 5500 rpm.Because it's very light weight for a mid size sedan (3300 lbs) it is possible for them to go much faster with little modification.m) torque.The 3800 Series II has been noted as an all around better motor than the 3.4 liter because of its ability to get power to the ground faster because of its 25 ft.m) torque,The 3.4 L V6 was replaced by the 3800 Series II in 1998 which made 205 hp (153 kW) and 230 ft.It's standard features included the 3100 SFI V6,sporty alloy wheels (similar in style to the Impala SS's),a rear spoiler,restyled front and rear body clips (resembling the Monte Carlo Z34,called the "appearance package"), a tachometer, and a floor-mounted shifter.Additional options included an electric sunroof,leather bucket seats,power driver seat,AM/FM stereo with CD player and the "Sport Performance Package",which included 16" Brushed aluminum wheels,blackwall radial sport tires,sport tuned suspension and a 3.4 L V6 rated at 210 hp (160 kW) and 200 ft An up-level (high performance) LTZ trim was introduced in 1997 to soften the blow from the discontinued Impala SS and Caprice. This Lumina was also sold with police (code 9C3) and taxi packages after the Chevrolet Caprice was dropped after the 1996 model year. The LHO V6 was dropped in favor of the L82 V6, also known as the 3100 SFI. The Euro model was dropped, replaced by the LS trim. The Chevrolet Lumina received a major redesign for 1995, and the Monte Carlo name was resurrected for the 2-door version previously sold as the Lumina coupe.
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