LSTHREE

May have already been posted, but what do you know about this offer? It says not in conjunction with other offers. No supplier?, is this gmac or Kerbeck? Just curious, can't pull the trigger until Feb. dkf

http://www.kerbeck.com/

not08crmanymore

If it's 0%,it would have to be the bank as KERBECK is a dealer and not a bank.That's cool though if it's 0% on 08's!!

talon90

The add reads 0% apr for 60 Months for well qualified buyers on

New 2008 Corvette Coupes and Convertibles with 3LT Equipment Group and Z06's with 2LZ Equipment Group.

The fine print reads

Zero % financing for 60 months on new 2008 3LT Coupes and Convertibles and on new 2008 2LZ Z06's in stock. 0% APR financing in lieu of dealer discount and not in conjunction with other offers. Amount financed is limited to $45,000 thru primary lender, Qualifications exist.

This is through Kerbecks lender would be my guess. I'd recommend that you contact them and ask them about supplier. If it includes GSU it is a great deal.

marc4427

If they are giving you the car w/o discounts I guess that means u are buying at sticker price, if thats true you are actually paying more money with 0 % because if I got the car discounted 6k and paid 6% interest I would still be saving money with 6% interest Since Im going to Atlantic city today I will stop in and check for myself.

gilly6993

true...and if you wanted a Z you would probably have to fork over 20-30K as the most you can finance is 45.....

yell01

You have a choice. Take the 10k off or get 0% financing. Not both. Too bad.

chris36053

[QUOTE=talon90;1562872468]The fine print reads
Zero % financing for 60 months on new 2008 3LT Coupes and Convertibles and on new 2008 2LZ Z06's in stock. 0% APR financing in lieu of dealer discount and not in conjunction with other offers. Amount financed is limited to $45,000 thru primary lender, Qualifications exist.QUOTE]


With the way this reads it looks like there is no discount on the vehicle if you take the 0%. The way it's set up is to draw people with money into the dealership. My 08 3LT with some options came out to over $58K, with the max amount financed being $45,000 then you need $13,000 for a down payment to take advantage of the 0%. Am i missing something ?

Mr Valet

[QUOTE=chris36053;1562873787]

I don't think you are missing a thing, its called a COME ON

Dave@Ciocca

It's only a come on for those who can't do math!

If you take a 60 month loan on $45,000 at 6.9% interest rate, your payment would be $889 per month.

$889 x 60 = $53,340 - $45,000 = $8,340 in interest.

$8,340 is a bigger discount than we are giving on 3LT coupes or verts or 2LZ Z06s. If you've got the down payment in cash or trade equity, it's a great deal.

If not, than you can still take advantage of our discounts.

No secrets, no surprises. Some people aren't used to ads that simply say what they mean.

Jimspeed

they are just buying down the rate.. it's simple to do.. they are using the money that would be used as discount for the rate instead.

smart idea!

Mr Valet

Like I said, a COME ON.

Dave@Ciocca

Like I said, for someone who can't do math.

JerriVette

All I can say is I paid cash for my Z51 coupe from Dave at kerbeck last week and I'm loving the car!

Dave's a straight shooter and the deal he emailed me, spoke on the phone, faxed me was exactly the deal I got when I got there.

Dave's staff were wonderful. They treated me very very well. Drove me to the very close airport to drop off the renta car and called me a few days after the sale to make sure I was completely satisfied.

Zero percent interest is a great deal. Money off the top was good too!

Thanks Dave and wanted to say I appreciate the way Kerbeck does business.

It was a pleasure and an experience to remember.

Let Sam know I'm still digging the ride. This 2008 C6 with Z51 and NPP exhaust is an amazing vehicle. Quiet sneeking out of town and then when you hammer it out in the wild the car growls, howls and takes off like a bat out of hell! 500 miles couldn't come fast enough but since passing that mark I'm really impressed with what GM has been able to acomplish. This car is a true supercar!

190 mph top speed.. zero to 60 in four flat..(not that I've tested either yet but you can tell from just tipping in this thing flys! )

Happy holidays ...hope you had a nice dinner with the family. I know I did and the car was a huge hit with the family and friends.

Its like the batmobile!

Jerri

susko

Dave,

The ad shows a 2007 for $33,967.

What are the details on that?

Dave@Ciocca

Thanks Jerri!!!


Here ya' go!

http://www.kerbeck.com/kerbeck/kerbe...25739A00676FC8

BD Z06

Dave, That looks like a great discount and I am sure that that will work for many people. To be fair, though, the "present value" of the total interest on a 60 month loan in your example above is much less than $8,340. In order to do an "apples to apples" comparison, you should compare the present value of the interest savings to the discount available if you don't take the 0% offer. Also, since most people don't actually hold a 60 month loan to term, the savings will probably be less (if the car is sold or the loan is paid off early for any other reason you wouldn't get the benefit of the 0% for the full 60 months).

I would guess that Kerbeck's generous discounts are worth more to most people than the 0% offer.

Brian Daley, CPA

Dave@Ciocca

OK, I understand the part about not keeping a car for 60 months, but there's no way to be sure how long someone will keep a car, so by taking both to 60 months is the only way to compare.

What I don't understand is what you are saying is present value. What is the difference? For this offer, the maximum you can finance is $45,000, so all I can do is show what a total of payments for a $45k loan would be at 6.9% compared to 0%...or at least I thought.

The last thing I would want is to appear to confuse someone. Please explain what the savings would be based on present value so that people can see the real difference between the offers.

Thanks!

susko

CPA!! haha loving the signature after the financial explanation.

lets not forget the opportunity cost of the $45k... emerging markets keeps on tearing and there you have another $45k

Dave@Ciocca

That's what I thought too! The example I gave was based on a $45,000 loan, so the savings I gave are the same whether you get the discount or pay MSRP.

BD Z06

Dave,

Present value gives you the value today based on inflation or an assumed rate of return for a value received over time or in the future. In your example, if inflation or an assumed rate of return was zero percent, the present value would be the full $8,340. If we use a more realistic value of say 3% to indicate either a rate of inflation or an assumed rate of return, the present value of the $8,340 in interest saved over 60 months would have a present value of approximately $7,200. As the discount rate (the 3% in my example) increases, the present value decreases. Hope this helps!

Brian