Price Protection
Thread Starter
Racer
Joined: Jun 2011
Posts: 364
Likes: 0
From: Cincinnati OH
Price Protection
For those who have taken delivery and were price protected:
Did your dealer deduct the extra $1,000 off the sales price for your payment due on delivery? Or did they make you pay that extra $1,000 and be reimbursed upon them receiving the money back from GM?
Did your dealer deduct the extra $1,000 off the sales price for your payment due on delivery? Or did they make you pay that extra $1,000 and be reimbursed upon them receiving the money back from GM?
Advanced
Joined: Apr 2007
Posts: 84
Likes: 0
From: Northeast OH
Reimbursed here, not a big deal. I got a good price and service so I was fine waiting.
Advanced
Joined: Apr 2007
Posts: 84
Likes: 0
From: Northeast OH
Melting Slicks
Joined: Aug 1999
Posts: 3,204
Likes: 1
From: Indiana
Dealer took care of it before we signed papers $1000 was subtracted from the price of the car
Team Owner
Joined: Jun 2000
Posts: 23,435
Likes: 42
From: Germantown, TN
CI 2-3-4-5-6-7-9-11 Veteran
St. Jude Donor '05-'06-'07-'08-'09-'10-'12-'13-'14-'15-'16
First St Jude Donor '14-'15-'16
NCM Lifetime Member
Price was adjusted before completing the paperwork. I didn't even have to ask.
You'll never get the tax back you paid on the 1K if it was not adjusted prior to completed transaction.
You'll never get the tax back you paid on the 1K if it was not adjusted prior to completed transaction.
Last edited by Woody; Sep 11, 2014 at 11:07 AM.
Pro
Joined: Jun 2014
Posts: 722
Likes: 274
From: Colorado Springs, CO
My dealer played dumb and tried to make me pay the extra $1,000. I felt he was trying to screw me, so I held extremely firm with him. I presented the owner with copies of the GM letter as well as the original price and the August 4th price.
He did not want bad marks on his report so he finally gave in.
I got $3,500 off the old msrp plus tax and fees.
He did not want bad marks on his report so he finally gave in.
I got $3,500 off the old msrp plus tax and fees.
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Every 2027 Corvette Engine Explained
Joe Kucinski
Designer Imagines A Corvette That Looks More Like a Corvette Than the Corvette
Verdad Gallardo
10 Ugly Corvettes That We Still Kinda Love
Joe Kucinski
Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer
Brett Foote
10 Things Every Corvette Owner Needs (2026 Edition)
Michael S. Palmer
8 Most "Only Corvette Owners Understand" Quirks and Problems
Pouria Savadkouei
10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years
Joe Kucinski
How Much Horsepower Every Corvette Engine "LOST" in 1972
Joe Kucinski
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!
Michael S. Palmer
Team Owner
Joined: Apr 2001
Posts: 54,204
Likes: 180
From: S.W. Ohio. . . . . . NRA Life Member
The car comes in to the dealership at the current price. If it was price protected, the dealer has to request a rebate/reimbursement from GM.
I paid the current price; with my dealer guaranteeing I will get the funds when they do. I only agreed to this because I have a long term relationship with this dealer.
I don't know how long the process takes; it's only been a little over a week since I took delivery.
I paid the current price; with my dealer guaranteeing I will get the funds when they do. I only agreed to this because I have a long term relationship with this dealer.
I don't know how long the process takes; it's only been a little over a week since I took delivery.
Advanced
Joined: Jul 2014
Posts: 58
Likes: 1
My dealer played dumb and tried to make me pay the extra $1,000. I felt he was trying to screw me, so I held extremely firm with him. I presented the owner with copies of the GM letter as well as the original price and the August 4th price.
He did not want bad marks on his report so he finally gave in.
I got $3,500 off the old msrp plus tax and fees.
He did not want bad marks on his report so he finally gave in.
I got $3,500 off the old msrp plus tax and fees.
Team Owner
Joined: Jun 2000
Posts: 23,435
Likes: 42
From: Germantown, TN
CI 2-3-4-5-6-7-9-11 Veteran
St. Jude Donor '05-'06-'07-'08-'09-'10-'12-'13-'14-'15-'16
First St Jude Donor '14-'15-'16
NCM Lifetime Member
Instructor
Joined: Jun 2014
Posts: 101
Likes: 16
From: Talladega Alabama
I placed an order on 6/30 with dealer and got allocation on 7/21. I gave them a $5k deposit. It is not my fault that they chose retail stock instead of sold. I will not let them get away with the extra $1K. Any suggestions?
TPW 9/22
Last edited by Jasonhol; Sep 11, 2014 at 07:32 PM.
Pro
Joined: Jun 2014
Posts: 722
Likes: 274
From: Colorado Springs, CO
The car comes in to the dealership at the current price. If it was price protected, the dealer has to request a rebate/reimbursement from GM.
I paid the current price; with my dealer guaranteeing I will get the funds when they do. I only agreed to this because I have a long term relationship with this dealer.
I don't know how long the process takes; it's only been a little over a week since I took delivery.
I paid the current price; with my dealer guaranteeing I will get the funds when they do. I only agreed to this because I have a long term relationship with this dealer.
I don't know how long the process takes; it's only been a little over a week since I took delivery.
My dealer wanted me to wait and we have a great relationship as well, but I said no. He finally gave me the correct price.
Is your dealer going to refund you the sales tax as well?
Just being a former dealer, I do not trust dealers in general.
Yes i was the type of dealer that mainly looked at the bottom line.
Le Mans Master
Joined: Sep 2003
Posts: 8,847
Likes: 795
From: Longview Texas
My Stingray was price protected on the first $2000 price increase, so dealer reduced the sticker price by that amount, and I did not pay tax on it.
The dealer is invoiced at the current sticker price, and gets a "credit" back, and not an actual cash refund... If the original buyer backs out of the deal and the car is sold to another buyer, then the price reverts back to the higher MSRP.
The dealer is invoiced at the current sticker price, and gets a "credit" back, and not an actual cash refund... If the original buyer backs out of the deal and the car is sold to another buyer, then the price reverts back to the higher MSRP.
Team Owner
Joined: Apr 2001
Posts: 54,204
Likes: 180
From: S.W. Ohio. . . . . . NRA Life Member
My 2015 was ordered via the d-e-e-p-e-s-t discount available; GM Employee. There's no room in the deal for any errors or mishaps.
They placed my order for a brand new 2015 on the first day allowed, and assigned their first allocation to this order on the first day possible, and in writing said it would be a GMS deal. This was my second time of doing exactly that on a new Corvette through them. If for some strange reason GM balks on the price protection totally & completely; I can not fault the dealer (and I'm still way ahead on the deal).
FYI; I won't get the full $1000; as the GMS discount on that is $875'ish
Heel & Toe
Joined: Jul 2014
Posts: 18
Likes: 0
From: Ohio
price protected
Elliot; valid question.
My 2015 was ordered via the d-e-e-p-e-s-t discount available; GM Employee. There's no room in the deal for any errors or mishaps.
They placed my order for a brand new 2015 on the first day allowed, and assigned their first allocation to this order on the first day possible, and in writing said it would be a GMS deal. This was my second time of doing exactly that on a new Corvette through them. If for some strange reason GM balks on the price protection totally & completely; I can not fault the dealer (and I'm still way ahead on the deal).
FYI; I won't get the full $1000; as the GMS discount on that is $875'ish
My 2015 was ordered via the d-e-e-p-e-s-t discount available; GM Employee. There's no room in the deal for any errors or mishaps.
They placed my order for a brand new 2015 on the first day allowed, and assigned their first allocation to this order on the first day possible, and in writing said it would be a GMS deal. This was my second time of doing exactly that on a new Corvette through them. If for some strange reason GM balks on the price protection totally & completely; I can not fault the dealer (and I'm still way ahead on the deal).
FYI; I won't get the full $1000; as the GMS discount on that is $875'ish