Poor C6 owner breaks into piggy bank.
11-06-2014, 07:29 AM
#102
He knew the Chevy dealer, was a repeat customer, yada, yada.....
Sometimes you walk into buy a new Corvette in-stock, and they floor you with their low, low sales number. H#ll, that happened to me when I walked in to buy a new Corvette in December 1976. Brand new 1977 L82 was over $2K less than any other Chevy dealer I shopped at the same time. Owner hit me with a cash price - so I pulled out a Cashiers Check for $5K and the title for my 2-year old Cadillac, bought it on-the-spot and drove home in a new Corvette an hour later. Miracles do happen.
Sometimes you walk into buy a new Corvette in-stock, and they floor you with their low, low sales number. H#ll, that happened to me when I walked in to buy a new Corvette in December 1976. Brand new 1977 L82 was over $2K less than any other Chevy dealer I shopped at the same time. Owner hit me with a cash price - so I pulled out a Cashiers Check for $5K and the title for my 2-year old Cadillac, bought it on-the-spot and drove home in a new Corvette an hour later. Miracles do happen.
11-06-2014, 07:42 AM
#104
Team Owner
Thread Starter
MAYBE the original purchaser made a $2,000-$3,000 deposit when he special ordered the car.
MAYBE the contract stipulated that if the final purchase was not completed within 30 days after the dealer received the car, then MAYBE the deposit was forfeited.
MAYBE the combination of color/options was such that the dealer felt he would have trouble selling the car in a reasonable period of time.
MAYBE the dealer decided to attach the forfeited deposit to their normal discount in order to quickly move the car off the showroom floor, instead of having it sit there on the floor plan, costing the dealer money in interest.
MAYBE the dealer did not know the car had a defective transmission when they put it on their showroom floor for sale.
MAYBE you are wrong.
I'm not presenting the above MAYBE's as a statement of fact as I don't know the nit and gritty details of why the dealer offered to sell the car with a $9,000 discount and neither does my friend. BUT, it is a fact that the car was discounted $9,000 and it's a fact that you don't know why it was discounted $9,000.
Last edited by JoesC5; 11-06-2014 at 07:46 AM.
11-06-2014, 07:57 AM
#105
Team Owner
Thread Starter
Personally, I believe the car will be okay after the new transmission is installed, and it won't have any effect on the car's resale value 5 years down the line, and like you, that would be a hard deal to pass on.
11-06-2014, 07:58 AM
#106
You are entitled to your theory but it is not a proven fact as to why the $9,000 discount was offered,
MAYBE the original purchaser made a $2,000-$3,000 deposit when he special ordered the car.
MAYBE the contract stipulated that if the final purchase was not completed within 30 days after the dealer received the car, then MAYBE the deposit was forfeited.
MAYBE the combination of color/options was such that the dealer felt he would have trouble selling the car in a reasonable period of time.
MAYBE the dealer decided to attach the forfeited deposit to their normal discount in order to quickly move the car off the showroom floor, instead of having it sit there on the floor plan, costing the dealer money in interest.
MAYBE the dealer did not know the car had a defective transmission when they put it on their showroom floor for sale.
MAYBE you are wrong.
I'm not presenting the above MAYBE's as a statement of fact as I don't know the nit and gritty details of why the dealer offered to sell the car with a $9,000 discount and neither does my friend. BUT, it is a fact that the car was discounted $9,000 and it's a fact that you don't know why it was discounted $9,000.
MAYBE the original purchaser made a $2,000-$3,000 deposit when he special ordered the car.
MAYBE the contract stipulated that if the final purchase was not completed within 30 days after the dealer received the car, then MAYBE the deposit was forfeited.
MAYBE the combination of color/options was such that the dealer felt he would have trouble selling the car in a reasonable period of time.
MAYBE the dealer decided to attach the forfeited deposit to their normal discount in order to quickly move the car off the showroom floor, instead of having it sit there on the floor plan, costing the dealer money in interest.
MAYBE the dealer did not know the car had a defective transmission when they put it on their showroom floor for sale.
MAYBE you are wrong.
I'm not presenting the above MAYBE's as a statement of fact as I don't know the nit and gritty details of why the dealer offered to sell the car with a $9,000 discount and neither does my friend. BUT, it is a fact that the car was discounted $9,000 and it's a fact that you don't know why it was discounted $9,000.
The transmission problem didn't just magically create itself while the car sat motionless on the showroom floor.
There are no 2015s on dealer lots long enough for them to start worrying about inventory cost.
Any dealer that wouldn't try to pocket a deposit from a buyer that backed out and also try to get as much as they can from the next buyer is a bad business person.
But the dealer never kept a deposit from the first buyer, because they had "cause" for backing out - a MAJOR issue.
Why didn't you post the color combo?
Even if your "dealer kept the deposit" theory were somehow true, it shows that a $9k discount on a 2015 without qualifying for Supplier discount and with absolutely no strings attached, is not a reality.
Last edited by RedC7AZ; 11-06-2014 at 09:11 AM.
11-06-2014, 09:57 AM
#107
Team Owner
Member Since: Jun 2005
Location: Northern, VA
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St. Jude Donor '15
"In honor of jpee"
Dealers are in the biz to make money, and sometimes it doesn't make sense to the average person walking in the door. Reducing the price more than supposedly needed, as defined by whom? I've seen cars equipped a certain way that would take added time to sell (I've even had one). Added time is, and costs, money--money not to the buyer, but to the dealer.
Extra discount? Who knows? Maybe they needed a number of sold cars for that month. Maybe not making that number costs them.....money to NOT make that number sold in that particular month. This little/not so little glitch is big to them, but not a buyer's wallet.
As to pricing, I've just had a dealer change a price on a car in a day, upwards, after publishing both initial and upped price on their website and a national one. It didn't stick at the higher number, but it could have to the more unsuspecting buyer. And just so it's understood, at any given dealer there really are only a couple to a few people who really know the reason for the price and profit of any particular car or cars (it's subject to change frequently).
As to dealers pocketing deposits on ordered cars, very unusual, not the norm and not a good biz practice. Some do, but very few because most can sell them and you can't do that by many state and local laws.
Extra discount? Who knows? Maybe they needed a number of sold cars for that month. Maybe not making that number costs them.....money to NOT make that number sold in that particular month. This little/not so little glitch is big to them, but not a buyer's wallet.
As to pricing, I've just had a dealer change a price on a car in a day, upwards, after publishing both initial and upped price on their website and a national one. It didn't stick at the higher number, but it could have to the more unsuspecting buyer. And just so it's understood, at any given dealer there really are only a couple to a few people who really know the reason for the price and profit of any particular car or cars (it's subject to change frequently).
As to dealers pocketing deposits on ordered cars, very unusual, not the norm and not a good biz practice. Some do, but very few because most can sell them and you can't do that by many state and local laws.
11-06-2014, 12:05 PM
#108
A new C7 is hard to find with a drop dead price of $9K off on-the-spot.
You sound like you paid list price plus having to go pick it up @ the museum for your C7, right?
11-06-2014, 12:08 PM
#109
Dealers are in the biz to make money, and sometimes it doesn't make sense to the average person walking in the door. Reducing the price more than supposedly needed, as defined by whom? I've seen cars equipped a certain way that would take added time to sell (I've even had one). Added time is, and costs, money--money not to the buyer, but to the dealer.
Extra discount? Who knows? Maybe they needed a number of sold cars for that month. Maybe not making that number costs them.....money to NOT make that number sold in that particular month. This little/not so little glitch is big to them, but not a buyer's wallet.
As to pricing, I've just had a dealer change a price on a car in a day, upwards, after publishing both initial and upped price on their website and a national one. It didn't stick at the higher number, but it could have to the more unsuspecting buyer. And just so it's understood, at any given dealer there really are only a couple to a few people who really know the reason for the price and profit of any particular car or cars (it's subject to change frequently).
As to dealers pocketing deposits on ordered cars, very unusual, not the norm and not a good biz practice. Some do, but very few because most can sell them and you can't do that by many state and local laws.
Extra discount? Who knows? Maybe they needed a number of sold cars for that month. Maybe not making that number costs them.....money to NOT make that number sold in that particular month. This little/not so little glitch is big to them, but not a buyer's wallet.
As to pricing, I've just had a dealer change a price on a car in a day, upwards, after publishing both initial and upped price on their website and a national one. It didn't stick at the higher number, but it could have to the more unsuspecting buyer. And just so it's understood, at any given dealer there really are only a couple to a few people who really know the reason for the price and profit of any particular car or cars (it's subject to change frequently).
As to dealers pocketing deposits on ordered cars, very unusual, not the norm and not a good biz practice. Some do, but very few because most can sell them and you can't do that by many state and local laws.
Miracles do happen. The guy saved me over $2K which was significant on a Corvette that listed for $11K.
11-06-2014, 12:13 PM
#110
You are entitled to your theory but it is not a proven fact as to why the $9,000 discount was offered,
MAYBE the original purchaser made a $2,000-$3,000 deposit when he special ordered the car.
MAYBE the contract stipulated that if the final purchase was not completed within 30 days after the dealer received the car, then MAYBE the deposit was forfeited.
MAYBE the combination of color/options was such that the dealer felt he would have trouble selling the car in a reasonable period of time.
MAYBE the dealer decided to attach the forfeited deposit to their normal discount in order to quickly move the car off the showroom floor, instead of having it sit there on the floor plan, costing the dealer money in interest.
MAYBE the dealer did not know the car had a defective transmission when they put it on their showroom floor for sale.
MAYBE you are wrong.
I'm not presenting the above MAYBE's as a statement of fact as I don't know the nit and gritty details of why the dealer offered to sell the car with a $9,000 discount and neither does my friend. BUT, it is a fact that the car was discounted $9,000 and it's a fact that you don't know why it was discounted $9,000.
MAYBE the original purchaser made a $2,000-$3,000 deposit when he special ordered the car.
MAYBE the contract stipulated that if the final purchase was not completed within 30 days after the dealer received the car, then MAYBE the deposit was forfeited.
MAYBE the combination of color/options was such that the dealer felt he would have trouble selling the car in a reasonable period of time.
MAYBE the dealer decided to attach the forfeited deposit to their normal discount in order to quickly move the car off the showroom floor, instead of having it sit there on the floor plan, costing the dealer money in interest.
MAYBE the dealer did not know the car had a defective transmission when they put it on their showroom floor for sale.
MAYBE you are wrong.
I'm not presenting the above MAYBE's as a statement of fact as I don't know the nit and gritty details of why the dealer offered to sell the car with a $9,000 discount and neither does my friend. BUT, it is a fact that the car was discounted $9,000 and it's a fact that you don't know why it was discounted $9,000.
If anything, the new trans. would be more thoroughly gone over for perfection than a new C7 w/o such detail.
Some ppl seem to think that their C7 is the only one that will never need warranty action/service taking place on their Corvette. They're living in a dream world - warranty needs are a fact of life on the C7.
No one knows what issues if any were involved. I chalk it up to C7 price envy. They paid list+, so they get all bent out of shape when they hear somebody else didn't.
11-06-2014, 12:18 PM
#111
Team Owner
Thread Starter
Dealers are in the biz to make money, and sometimes it doesn't make sense to the average person walking in the door. Reducing the price more than supposedly needed, as defined by whom? I've seen cars equipped a certain way that would take added time to sell (I've even had one). Added time is, and costs, money--money not to the buyer, but to the dealer.
Extra discount? Who knows? Maybe they needed a number of sold cars for that month. Maybe not making that number costs them.....money to NOT make that number sold in that particular month. This little/not so little glitch is big to them, but not a buyer's wallet.
As to pricing, I've just had a dealer change a price on a car in a day, upwards, after publishing both initial and upped price on their website and a national one. It didn't stick at the higher number, but it could have to the more unsuspecting buyer. And just so it's understood, at any given dealer there really are only a couple to a few people who really know the reason for the price and profit of any particular car or cars (it's subject to change frequently).
As to dealers pocketing deposits on ordered cars, very unusual, not the norm and not a good biz practice. Some do, but very few because most can sell them and you can't do that by many state and local laws.
Extra discount? Who knows? Maybe they needed a number of sold cars for that month. Maybe not making that number costs them.....money to NOT make that number sold in that particular month. This little/not so little glitch is big to them, but not a buyer's wallet.
As to pricing, I've just had a dealer change a price on a car in a day, upwards, after publishing both initial and upped price on their website and a national one. It didn't stick at the higher number, but it could have to the more unsuspecting buyer. And just so it's understood, at any given dealer there really are only a couple to a few people who really know the reason for the price and profit of any particular car or cars (it's subject to change frequently).
As to dealers pocketing deposits on ordered cars, very unusual, not the norm and not a good biz practice. Some do, but very few because most can sell them and you can't do that by many state and local laws.
Or, maybe they never were able to locate the original purchaser, to return his deposit, thus the 30 day wait came into play. I bet that all that is covered in the contract that the original purchaser signed.
11-06-2014, 12:23 PM
#112
Team Owner
Thread Starter
A replaced transmission would make the car more valuable to me, since it was done right that go around from the manufacturer.
If anything, the new trans. would be more thoroughly gone over for perfection than a new C7 w/o such detail.
Some ppl seem to think that their C7 is the only one that will never need warranty action/service taking place on their Corvette. They're living in a dream world - warranty needs are a fact of life on the C7.
No one knows what issues if any were involved. I chalk it up to C7 price envy. They paid list+, so they get all bent out of shape when they hear somebody else didn't.
If anything, the new trans. would be more thoroughly gone over for perfection than a new C7 w/o such detail.
Some ppl seem to think that their C7 is the only one that will never need warranty action/service taking place on their Corvette. They're living in a dream world - warranty needs are a fact of life on the C7.
No one knows what issues if any were involved. I chalk it up to C7 price envy. They paid list+, so they get all bent out of shape when they hear somebody else didn't.
11-06-2014, 04:11 PM
#113
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Being new to the Corvette family I'm a little confused by the theme of this thread.
I had assumed that buying a Vette was buying into a family and that many were multi-generational buyers who started somewhere. Certainly I am hoping to be in a financial position to 'upgrade' to a C8 in due course but wouldn't think less of C7 drivers, rather be happy for them as I know how much joy this car gives me.
The only negative reaction to the car I've experienced was from a C5 driver at a gas station. Does this mean I think all C5 drivers have a problem? Not at all. I wave at all vettes I pass and get waves back a lot of the time from all generations. The good owners far outweigh the negative ones in my limited experience so don't understand the snobbery and reverse snobbery hinted at (or in some cases explicitly stated).
Aren't we all car people at the end of the day?
Someone says something as a slight towards my car I'll put my head in the garage, look at it and smile knowing it's not a car problem, it's that person's problem, not worth worrying about.
I had assumed that buying a Vette was buying into a family and that many were multi-generational buyers who started somewhere. Certainly I am hoping to be in a financial position to 'upgrade' to a C8 in due course but wouldn't think less of C7 drivers, rather be happy for them as I know how much joy this car gives me.
The only negative reaction to the car I've experienced was from a C5 driver at a gas station. Does this mean I think all C5 drivers have a problem? Not at all. I wave at all vettes I pass and get waves back a lot of the time from all generations. The good owners far outweigh the negative ones in my limited experience so don't understand the snobbery and reverse snobbery hinted at (or in some cases explicitly stated).
Aren't we all car people at the end of the day?
Someone says something as a slight towards my car I'll put my head in the garage, look at it and smile knowing it's not a car problem, it's that person's problem, not worth worrying about.
11-06-2014, 05:23 PM
#114
Seems like you were a psychic with no powers and that's what landed you on skid row....Joe.
Last edited by RedC7AZ; 11-08-2014 at 12:19 AM.
11-06-2014, 07:12 PM
#115
8th Gear
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11-07-2014, 12:29 AM
#116
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Member Since: Sep 2001
Location: Denison, TX
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2022 C8 of the Year Finalist - Unmodified
CI 3-4-5-6-7-8-9-10 Veteran
St. Jude '03-'04-'05-'06-'07-'08-'09-'10-'16
That orange would look good on the c7, yes?!
11-07-2014, 03:35 PM
#117
Team Owner
Thread Starter