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Here's a three way comparison, in my opinion based on cars I've either owned or driven
2004 Corvette Z06: Pros - Currently the best "bang for the buck" of anything I've driven. Seamless power delivery.usable on a daily basis, and can be your only car. You can race it on Sunday and drive it to work on Monday. For approximately $52,000 it is as fast as an older Viper, faster than many Ferraris, and has the best brakes on any car I've ever tried. Truly an outstanding vehicle with 405 hp, 400 ft lbs of torque, sport seats, and a smooth as butter transmission. Power windows, seats, room for luggage or golf clubs, terrific ergonomics.
Cons - No removable top or convertible top. Sound is too well muffled. The ergonomics are so well mastered that the driver doesn't feel "accomplished" in driving the vehicle because it is so well put together that it is comfortable, and easy to drive at extra-legal speeds. Ultimately less involving because of the competency.
1999 C5 Convertible: Pros - Being able to put the top down. Full convertible. With the top under the "waterfall" hard cover, the lines of the vehicle are beautiful, and in the Pewter I leased, a subtle form of power. Very smooth six speed. The standard suspension was forgiving over road ripples and expansion joints in freeways. Decent power. Full size trunk that could be used even when the top was down. Great road trip car for two. Wine country, anyone? Can also be your daily driver.Cons - Feels down on power after a while. Really no stronger than an Audi S-8 sedan, or several other daily drivers. Brakes are fine, but not up to Z06 standards. Suspension is fine, but not up to Z06 standards. No exclusivity. The Corvette "wave" could tire out your arm, as there are hundreds of Vettes in your daily drive. Some niggling problems with the engine burning oil, some electronic glitches, the run-flat tires are hard as a brick when cold. Top shows grease marks if open and closed regularly.
1996 Dodge Viper: Let's start with the cons: The convertible top that comes with the car is ugly. The Hennessey aftermarket hard top rattles, shakes, and required two people to get on and off. The side windows have to be lowered into tabs in the doors, and they are fixed in place, with a small opening to reach through to open the doors from the inside, as there is no outside door handle. The trunk is good sized, but if you put the top and side windows into it, there is no space left for luggage. Steering is razor sharp, and many people have spun and crashed their Vipers when they've gone around a corner and put the power on a bit too soon, without being smooth. People stare at your car, tailgate you and zoom by in Camaros to VWs, all smug that they can outdrive you in your Viper. The ride is harsh. There is no ABS, no safety gadgets to take over for you and fix your driving mistakes. The sills below the doors on both sides get hot to the touch. The lumbar support has to be pumped up by hand. It's hard to get into and out of. At stop lights the gear cut cams rattle, and whine, and make the engine sound like it's coming apart. Under acceleration, two people inside the car can't hear each other talk. No cupholders. None. Flimsy door to the glove box. Tires are different sizes so they can't be rotated. Gas mileage is awful. Your feet are offset to the left. The brake and clutch pedals are too close together. The windshield is so low that when the hard top is on, you are looking out a tank slot. New prices are close to twice the cost of a C5, and 80% higher than a Z06.So why would anyone, much less someone who has owned a C5, and driven a Z06 EVER buy a Viper?
Pros: If you want to DRIVE a 415 hp, 488 ft. pounds of torque, V-10 for less than the entry price of a Ferrari, this is it. Stump pulling torque. And if you are old enough to grin with the memories of when your MGB left you stranded, your TR-6 spun in an intersection, your 383 Mopar powered Plymouth with AFBs , flat spotted tires, and you want to grin every minute behind the wheel, then this might be for you. If you like complaining about how you have to contort to get in, burn your hand getting out, and can't hear anyone speak over dinner, this could be for you. If you are willing to leave the top and side windows at home, and risk being rained on...... If your significant other is willing to have her teeth chipped while the car bangs over expansion joints, and steps out on the curves...........
And so on. This is an extremely involving ride. I recently gave up motorcycles, and this approximates the type of focus that was required to ride sport bikes. You have to stay involved, or the Viper will bite you. And that's what I want from a sports car.
Mind you, I have a sedan with an automatic transmission for a daily driver. I'd never own the Viper as my daily driver, like I did with the Vette. But if you can afford it (and used prices aren't too bad..... the one I bought only had 9000 miles on it despited being a '96) and want to be totally involved with the experience, then the Viper may be for you.
Which is not to say that a competent driver in a Z06 couldn't murder me on a track. Just like in motorycles, the skill of the driver ultimately determines how the vehicle can be used. It is far harder to drive a Viper to its limits than a Vette.
I've also driven some Ferraris, and would be willing to trade the Viper for an F355 Spyder, or a 360. I've owned a couple of 911s over the years- 77 81 82, and drove a 996 recently. I would not prefer a non-turbo modern 911 based Porsche over either a Z06 or a Viper.
How does this match up to other people's experiences?