So, I tried to buy a new 2010 yesterday...
04-14-2011, 12:15 PM
#21
Safety Car
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St. Jude Donor '08-'09-'10-'11-'12-'13-'14-'15-'16
Drive to the dealership
I have found the dealerships are somewhat more responsive if you
are there with your trade in. It appears you are more serious than just placing a phone call.
I have also run into dealers who happen to think they have the last model in the world and could care less if you walked out.
are there with your trade in. It appears you are more serious than just placing a phone call.
I have also run into dealers who happen to think they have the last model in the world and could care less if you walked out.
Last edited by jaki30; 04-15-2011 at 11:23 AM.
04-14-2011, 12:21 PM
#22
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They are indeed in business to sell cars and make a profit, but as all of us in business should know, sometimes you have to eat a loss. Holding a 2010 in the middle of 2011 is not going to get better. If those dealers can sell their leftovers for the price of current models, more power to them. Just don't criticize the OP for trying to take advantage of the obvious situation.
I bought a new 2009 in january of 2010 and got a very good deal, but many other dealers would not budge off their price that was same as a new model year. The carrying cost on a Corvette has to be significant, so I would think they would discount as opposed to trying to recover past month's interest from buyer.
I bought a new 2009 in january of 2010 and got a very good deal, but many other dealers would not budge off their price that was same as a new model year. The carrying cost on a Corvette has to be significant, so I would think they would discount as opposed to trying to recover past month's interest from buyer.
04-14-2011, 12:51 PM
#23
Safety Car
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But from what I've seen, .. with a trade in .. , the Dealers don't seem to offer the "biggest" discount.
Why? I don't know, just what I've seen a lot of times.
You'd probably be surprised to find they'll give a bigger discount buying the car without a trade in
04-14-2011, 01:11 PM
#24
that cars almost 2 years old 
it won't book for more than 40k-43k
don't belive me take it for a test drive to another dealer and ask how much he will give you.let them set on it and wait on something else .some fool will buy it .
it won't book for more than 40k-43kdon't belive me take it for a test drive to another dealer and ask how much he will give you.let them set on it and wait on something else .some fool will buy it .
04-14-2011, 01:15 PM
#25
Race Director
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C6 of Year Finalist (performance mods) 2019
Just checked pricing this morning on my '08 Caddy STS for current value to use in negotiating a trade. I found one local dealer who still has a new '08 on the lot and is asking full original MSRP. 
He'd be lucky to sell it at a 40% discount. Why even bother advertising it for full price? Just still having it on the new car lot tends to make you think you'll never get any deals from that dealership.
He'd be lucky to sell it at a 40% discount. Why even bother advertising it for full price? Just still having it on the new car lot tends to make you think you'll never get any deals from that dealership.
04-14-2011, 01:23 PM
#27
Racer
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0% for 72 months costs somebody thousands of dollars just by itself on a purchase that large. And $15,000 off MSRP is probably an $8000 loss to the dealership. How could they possibly resist a deal like that? I think most of them will wait a few months till the Japan effect hits and then say goodbye to stupid deals!
04-14-2011, 02:26 PM
#28
Melting Slicks
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The dealers will not cut a sweet deal on any 0% stuff. Also a trade complicates the whole dickering issue.
I bought my C6 holdover vert for 20K off sticker but they had 5 identical cars and wanted to move them. I had half down and floated the other half at my credit union at 4 %.
I also did not have a trade.
They still made 2 K on the sale over auction price.
No question I had to hunt for this deal and hung up on a couple of other dealers.
I bought my C6 holdover vert for 20K off sticker but they had 5 identical cars and wanted to move them. I had half down and floated the other half at my credit union at 4 %.
I also did not have a trade.
They still made 2 K on the sale over auction price.
No question I had to hunt for this deal and hung up on a couple of other dealers.
04-14-2011, 03:04 PM
#29
Melting Slicks
so what happens to all the new cars that dont get sold cuz the dealer wont come down on them? I mean how long are they going to let a 2010 sit on the lot before they come off it. Im assuming they are paying for the car every month it sits on the lot just like we make payments, right? I got a 2010 for 0% interest and went in with the pricing that USAA says they can do and got it even a little lower than that. We did haggle a good bit over the trade in tho, which is still sitting on their used lot 5 months later.
04-14-2011, 03:32 PM
#30
Melting Slicks
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I understand wanting the best deal you can get but if you really wanted the car I don't see how a few grand on a $70k car makes a difference. Over the 72 month you are talking $25 a month..... Personally I think that taking a 6 year loan on a car is a bad idea but what do I know. I'm signing a 15 year loan on a boat tomorrow (but it will be paid off in 8-10 if I keep it that long). These are toys so expect them to cost you some major $$$
04-14-2011, 03:40 PM
#31
Heel & Toe
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Keep pushing. I just bought my 2010 GS coupe 3LT for 17k under. It was the end of the month and quarter so maybe tht helped. No trade, half down and got 2.5 rate from the dealer. I think it helps to deal with a larger dealer as they seem to want to move the cars so they can get more.
04-14-2011, 04:01 PM
#32
Le Mans Master
Maybe there is something I don't understand. Why do car dealers not put the bottom dollar on the car and sell it for that price...why do you have to haggle over price. You don't go into Wally World and haggle over the price of a gallon of milk, or clothes, or anything. Looks to me like they would sell more cars if they just put the price on it.
I think the OP has a legit claim. Maybe they will change their mind in a few days.
I think the OP has a legit claim. Maybe they will change their mind in a few days.
04-14-2011, 04:14 PM
#33
Safety Car
I find that deals vary with how the sales mgr runs his shop. A lot of places want to get you there in person so they can work the high pressure sales tactics-especially with a trade.
04-14-2011, 04:17 PM
#34
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Maybe there is something I don't understand. Why do car dealers not put the bottom dollar on the car and sell it for that price...why do you have to haggle over price. You don't go into Wally World and haggle over the price of a gallon of milk, or clothes, or anything. Looks to me like they would sell more cars if they just put the price on it.
I think the OP has a legit claim. Maybe they will change their mind in a few days.
I think the OP has a legit claim. Maybe they will change their mind in a few days.
Even many dealers who do give you rock bottom prices still want to charge you junk fees, charge higher finance rates and sell you so called extended warranty's, paint protection, interior protection or steal your trade in.
04-14-2011, 05:20 PM
#35
Le Mans Master
The key word is tried. I've been thinking about trading my 2006 convertible for a 2010 or 2011 GS convertible and I found 2 new 2010 GS convertibles on the Jeff Hardy site that had the equipment I was looking for and were within driving distance from my home. I called both dealers and gave them all of my trade info and told them what I was willing to pay. I felt that $15,000 off MSRP was a fair discount on a new car that in 3 more months will be 2 model years old.
Dealer number one called back 2 hours later and said that the most they could discount their car was $9000! I asked why so little discount if I can get a new 2011 for $12,000 off from numerous forum dealers with no negotiation. His answer was "I can't loose money to sell you a car"! I told him he was out of his mind and told him to have a nice day.
Dealer number two has not even bothered to get back to me.
It is nice to see that the car business is booming and the economy is in full recovery if dealers are willing to sit on new cars (almost 2 year old new cars) rather than try and make a deal with someone who is ready to buy.
Dealer number one called back 2 hours later and said that the most they could discount their car was $9000! I asked why so little discount if I can get a new 2011 for $12,000 off from numerous forum dealers with no negotiation. His answer was "I can't loose money to sell you a car"! I told him he was out of his mind and told him to have a nice day.
Dealer number two has not even bothered to get back to me.
It is nice to see that the car business is booming and the economy is in full recovery if dealers are willing to sit on new cars (almost 2 year old new cars) rather than try and make a deal with someone who is ready to buy.
04-14-2011, 05:32 PM
#36
Melting Slicks
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They will run the gambit, Bait and switch, false adds, in person impulse buy is a favorite. Add ons, on and on it goes.
Yes sell your car first then go with cash and purchase for a killer deal.
04-14-2011, 05:44 PM
#37
A lot of what is said on here is good stuff, but dealerships don't make 30 percent to 40 percent on a new car.
An OK deal is 10 percent off MSRP price. A good deal is 15 percent off. A great deal is anything above that.
$72,000 car - 15 percent discount is about $10,800 off or $61,200
Tell them it's a cash deal, settle on the price and then talk about financing and trade.
And whoever said that it's hard to get deals with 0 percent financing is exactly right. Same thing with rebates.
A discount is a discount.
The dealership on here that was talking about $12,000 off seems like a pretty good deal. Was their original MSRP in the same ballpark as the ones you were looking at?
An OK deal is 10 percent off MSRP price. A good deal is 15 percent off. A great deal is anything above that.
$72,000 car - 15 percent discount is about $10,800 off or $61,200
Tell them it's a cash deal, settle on the price and then talk about financing and trade.
And whoever said that it's hard to get deals with 0 percent financing is exactly right. Same thing with rebates.
A discount is a discount.
The dealership on here that was talking about $12,000 off seems like a pretty good deal. Was their original MSRP in the same ballpark as the ones you were looking at?
04-14-2011, 05:44 PM
#38
Melting Slicks
I didn't see anywhere what they gave you for the trade in.
If you expect that much off of a new 2010, I am sure your trade won't be worth all that much in relation to what you want to pay for the new car.
What were the trade numbers?
If you expect that much off of a new 2010, I am sure your trade won't be worth all that much in relation to what you want to pay for the new car.
What were the trade numbers?
04-14-2011, 05:46 PM
#39
I gotta tell you, if I could get into a new GS 4lt or 3lt Convertible for around $60K, I would take it in a freakin' heartbeat.
I don't see that car going south of 60K unless there is some other stuff, like dealer fees, added on the back end.
I don't see that car going south of 60K unless there is some other stuff, like dealer fees, added on the back end.
04-14-2011, 05:50 PM
#40
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Sounds like the dealer wants to make a buck...God Bless them! Isn't that why they are in business? If you think your offered price is reasonable make the offer to another dealer...see what happens.