How close to invoice?
Racer
Joined: May 2006
Posts: 376
Likes: 0
From: Suburbs of New Orleans La
Oops
For the float. If dealers in the US are selling 700,000 vehicles per month, over the 3 month period it turns into 2,100,000 cars and trucks at an average holdback of the same 750 mentioned above, that means at a 5% rate of return, the manufacturers have the use of 525 thousand a month plus interest by "holding back".
I meant the use of 525 MILLION PER MONTH plus interest!
Sorry!
I meant the use of 525 MILLION PER MONTH plus interest!
Sorry!
Advanced
Joined: Oct 2005
Posts: 62
Likes: 0
From: New York City
I started to look in october 2005 for a leftover 2005 convertible.
I haggled for 2 months with a Long Island dealer.
He had the last silver, black, ebony in NY.
This is my breakdown.
$1034 over invoice (advertising included)
+$25 excess document fee (NY limit is $20)
+$2.50 excess tire disposal fee (dealer charged for 5 tires)
-$1000 gm card
Final was $61.50 over invoice plus tax, title, license.
The car had all options CM7, QG7, UE1, URB, U2K,Z51, 1SB
They gave me 3/4 tank of gas. The dealer said GM allows them $35, and that's all I could get.
I refused the $375 dealer prep fee. I told them GM pays for the PDI.
I went to the DMV web site, and made a list of all charges. It totaled to $146.50.
I started to negotiate using one of kerbecks winter ads.
The general manager and sales people laughed at me.
I walked into the dealership once, and did the rest of the dealing by email.
They eventually met my price.
I kept telling them if we can't do business...no problem.
I have a Camaro SS convertible, that will keep me happy.
Now I have both.
Benny
I haggled for 2 months with a Long Island dealer.
He had the last silver, black, ebony in NY.
This is my breakdown.
$1034 over invoice (advertising included)
+$25 excess document fee (NY limit is $20)
+$2.50 excess tire disposal fee (dealer charged for 5 tires)
-$1000 gm card
Final was $61.50 over invoice plus tax, title, license.
The car had all options CM7, QG7, UE1, URB, U2K,Z51, 1SB
They gave me 3/4 tank of gas. The dealer said GM allows them $35, and that's all I could get.
I refused the $375 dealer prep fee. I told them GM pays for the PDI.
I went to the DMV web site, and made a list of all charges. It totaled to $146.50.
I started to negotiate using one of kerbecks winter ads.
The general manager and sales people laughed at me.
I walked into the dealership once, and did the rest of the dealing by email.
They eventually met my price.
I kept telling them if we can't do business...no problem.
I have a Camaro SS convertible, that will keep me happy.
Now I have both.
Benny
Team Owner
Joined: Sep 2005
Posts: 29,113
Likes: 2,194
From: Big Bend Country, TX
St. Jude Donor '06-'07-'08-'09-'10-'11-'12-'13-'14-'15- '16-'17-‘18-‘19-'20-'21
NCM Lifetime Member
Originally Posted by 4thC4at60
Just continue looking, no need to pay that kind of money. I bought my C6 (base coupe w/A6) for about $250 over invoice.
Racer
Joined: Feb 2004
Posts: 465
Likes: 0
From: Conroe TX
I haven't read all of the post but just my situation. I paid $500 over invoice for my 07 and $1000 under invoice for my 05. But it was late 05 and GM had a rebate. We had already agreed on invoice and the day I went to pick her up, GM had released it. I asked for it as well since it is not money out of the dealers pocket.
Burning Brakes
Joined: Jun 2006
Posts: 1,034
Likes: 0
From: Enumclaw WA.
Originally Posted by steppindown
For the float. If dealers in the US are selling 700,000 vehicles per month, over the 3 month period it turns into 2,100,000 cars and trucks at an average holdback of the same 750 mentioned above, that means at a 5% rate of return, the manufacturers have the use of 525 thousand a month plus interest by "holding back".
I meant the use of 525 MILLION PER MONTH plus interest!
Sorry!
I meant the use of 525 MILLION PER MONTH plus interest!
Sorry!
Thread Starter
Advanced
Joined: Oct 2006
Posts: 67
Likes: 0
From: Long Island NY
Anyone have any thoughts on "Winter" pricing versus "Spring/Summer" pricing? How much more aggressive do you think dealers are in the Winter, which here in the Northeast is not generally considered Corvette friendly weather? I'm hoping that dealers will really be looking to make a deal if fewer people are looking to buy during the Winter. Thoughts?
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Safety Car
Joined: May 2006
Posts: 3,732
Likes: 710
From: Shelton, Connecticut
St. Jude Donor '08-'09-'10-'11-'12-'13-'14-'15-'16
Check the net
There is at least one dealer offering 500 under invoice and another at invoice for a new one. The market is very slow. And, remember, you can order and have it courtesy delivered to a dealer near you.
Thread Starter
Advanced
Joined: Oct 2006
Posts: 67
Likes: 0
From: Long Island NY
At invoice or $500 under invoice on an ordered car? That is extremely interesting.
I have calls in to 3 of the Forum supporting dealers. I hope to get some good news/info tomorrow. I'll post what I hear.
I have calls in to 3 of the Forum supporting dealers. I hope to get some good news/info tomorrow. I'll post what I hear.
Safety Car
Joined: Mar 2006
Posts: 4,519
Likes: 194
From: O-K-L-A-H-O-M-A! Oklahoma!
Originally Posted by GN1270
WHy wouldn't you take a drive down to Kerbeck since it is only a couple hours away and save another $1500 and possibly have the car you want on the lot?
when i contacted the forum dealers I was not all that impressed with what they were offering for the car I wanted which is why I did not pursue serious negotications with any of them. I know there are people in here that got really good deals from them but perhaps I was just trying at the wrong time. at the very least the forum dealers are easy to contact, respond promptly, and represent other options besides the local dealerships. There is no good reason not to at least consider them as an option.
Thread Starter
Advanced
Joined: Oct 2006
Posts: 67
Likes: 0
From: Long Island NY
4 MY EGO-What does POP mean? You have posted it twice but I don't know what it means.
Mark06-Can you give more info on your $500 under? Specs on car, when, and where? Your overall experience with the purchase?
Mark06-Can you give more info on your $500 under? Specs on car, when, and where? Your overall experience with the purchase?
Burning Brakes
Joined: Jun 2006
Posts: 1,034
Likes: 0
From: Enumclaw WA.
Originally Posted by Craymond
4 MY EGO-What does POP mean? You have posted it twice but I don't know what it means.
Mark06-Can you give more info on your $500 under? Specs on car, when, and where? Your overall experience with the purchase?
Mark06-Can you give more info on your $500 under? Specs on car, when, and where? Your overall experience with the purchase?
Racer
Joined: May 2006
Posts: 376
Likes: 0
From: Suburbs of New Orleans La
Trunk Money
Originally Posted by bocabob
Steppindown.... I have heard there is even more money for the dealer after the holdback. Can you educate us on what 'trunk money' is?
$10,000 off MSRP on every '06 Expedition in stock
The manufacturer has a much larger margin on a vehicle then the dealer does. It was rumored that every Lincoln Navigator sold in it's first years generated 10000 in profit for Ford. So when things slow down, it isn't a problem for them to dangle 5000 infront of the dealer to help them sell.
A Corvette would definitely not be a "trunk money" candidate unless sales were in the toilet.