Purchasing your Corvette
Thread Starter
Cruising
Joined: Nov 2014
Posts: 11
Likes: 0
Purchasing your Corvette
Hi guys,
I'm a new future c7 owner, with a few questions about the whole buying process. This will be my first new car, so I don't really know what to expect during the process.
I'm planning on shopping for an auto loan prior to the car arriving, have members found that Chevy offers better financing rates compared to banks?
I've heard a lot of negative things that happen talking with the finance managers and signing papers. Did you guys encounter any of this and could you share your experiences?
How much time should I expect to spend at the dealership purchasing my car?
Thanks for the help.
I'm a new future c7 owner, with a few questions about the whole buying process. This will be my first new car, so I don't really know what to expect during the process.
I'm planning on shopping for an auto loan prior to the car arriving, have members found that Chevy offers better financing rates compared to banks?
I've heard a lot of negative things that happen talking with the finance managers and signing papers. Did you guys encounter any of this and could you share your experiences?
How much time should I expect to spend at the dealership purchasing my car?
Thanks for the help.
Melting Slicks
Joined: Nov 2007
Posts: 2,472
Likes: 75
From: Cleveland, OH
Hi guys,
I'm a new future c7 owner, with a few questions about the whole buying process. This will be my first new car, so I don't really know what to expect during the process.
I'm planning on shopping for an auto loan prior to the car arriving, have members found that Chevy offers better financing rates compared to banks?
I've heard a lot of negative things that happen talking with the finance managers and signing papers. Did you guys encounter any of this and could you share your experiences?
How much time should I expect to spend at the dealership purchasing my car?
Thanks for the help.
I'm a new future c7 owner, with a few questions about the whole buying process. This will be my first new car, so I don't really know what to expect during the process.
I'm planning on shopping for an auto loan prior to the car arriving, have members found that Chevy offers better financing rates compared to banks?
I've heard a lot of negative things that happen talking with the finance managers and signing papers. Did you guys encounter any of this and could you share your experiences?
How much time should I expect to spend at the dealership purchasing my car?
Thanks for the help.
My personal thoughts are to decline extras like extended warranty, "special glaze" applied to exterior, interior protection of seats, etc. In other words, just get the car with no extras.
I drove to KC in Aug with my trade-in and was at the dealer for @ 2hours and then on my way home.
You can do most by phone and you can search here for supplier and credit union pricing, your biggest savings. There's a member here who will gladly get you the supplier pricing so be diligent in your preparation to buy. Others will chime in too so good luck.
Thread Starter
Cruising
Joined: Nov 2014
Posts: 11
Likes: 0
Thank you for your insight, i should add that I've already ordered my car, currently at 3400 and used supplier. The next few weeks are going to be the longest weeks ever!
First, make sure you can find a dealer that will accept supplier pricing or credit union member pricing(This alone can save you @ 9%.) Then I would check with your credit union on financing as they often undercut the banks. Also check with dealer on this.
My personal thoughts are to decline extras like extended warranty, "special glaze" applied to exterior, interior protection of seats, etc. In other words, just get the car with no extras.
I drove to KC in Aug with my trade-in and was at the dealer for @ 2hours and then on my way home.
You can do most by phone and you can search here for supplier and credit union pricing, your biggest savings. There's a member here who will gladly get you the supplier pricing so be diligent in your preparation to buy. Others will chime in too so good luck.
My personal thoughts are to decline extras like extended warranty, "special glaze" applied to exterior, interior protection of seats, etc. In other words, just get the car with no extras.
I drove to KC in Aug with my trade-in and was at the dealer for @ 2hours and then on my way home.
You can do most by phone and you can search here for supplier and credit union pricing, your biggest savings. There's a member here who will gladly get you the supplier pricing so be diligent in your preparation to buy. Others will chime in too so good luck.
Melting Slicks
Joined: Nov 2007
Posts: 2,472
Likes: 75
From: Cleveland, OH
You may want to fill in your profile so everyone knows where you're located. Unless you're in the witness protection program.
Race Director
Joined: Jan 2014
Posts: 10,709
Likes: 7,102
From: Fulshear, TX
Talk to both your bank and the dealership to see who can get you the better interest rate. I was prepared to finance through my bank (Chase) but the dealership offered me a much better rate financing through them using Bank of America. Dealership finance departments have gotten pretty aggressive and if you push them they can come up with some pretty nice rates. Not to mention, doing it in-house makes the paperwork much quicker & smoother (at least in my experience).
Drifting
Joined: Nov 2014
Posts: 1,782
Likes: 106
From: Salado TX
Hi guys,
I'm a new future c7 owner, with a few questions about the whole buying process. This will be my first new car, so I don't really know what to expect during the process.
I'm planning on shopping for an auto loan prior to the car arriving, have members found that Chevy offers better financing rates compared to banks?
Credit Unions are hard to beat unless GM offers incentives to move the cars. They are not on Corvettes at this time.
I've heard a lot of negative things that happen talking with the finance managers and signing papers. Did you guys encounter any of this and could you share your experiences?
Just don't buy anything. This summer, when we bought our Jeep Cherokee, I told the salesman we weren't in the market for anything extra from the dealership. The finance guy didn't even try to sell us anything but he was big enough jerk that the wife mentioned it after we left the dealership. I told her he was just pissed he wasn't going to make any extra off of us.
How much time should I expect to spend at the dealership purchasing my car?
15 minutes tops to sign papers, not counting waiting time. Actual delivery depends on how detailed the salesman goes over the cars features with you.
On edit, this assumes you bring your own financing. If the dealer finances, there will be extra paperwork to go over with you.
Thanks for the help.
I'm a new future c7 owner, with a few questions about the whole buying process. This will be my first new car, so I don't really know what to expect during the process.
I'm planning on shopping for an auto loan prior to the car arriving, have members found that Chevy offers better financing rates compared to banks?
Credit Unions are hard to beat unless GM offers incentives to move the cars. They are not on Corvettes at this time.
I've heard a lot of negative things that happen talking with the finance managers and signing papers. Did you guys encounter any of this and could you share your experiences?
Just don't buy anything. This summer, when we bought our Jeep Cherokee, I told the salesman we weren't in the market for anything extra from the dealership. The finance guy didn't even try to sell us anything but he was big enough jerk that the wife mentioned it after we left the dealership. I told her he was just pissed he wasn't going to make any extra off of us.
How much time should I expect to spend at the dealership purchasing my car?
15 minutes tops to sign papers, not counting waiting time. Actual delivery depends on how detailed the salesman goes over the cars features with you.
On edit, this assumes you bring your own financing. If the dealer finances, there will be extra paperwork to go over with you.
Thanks for the help.
Last edited by Ernest_T; Jan 12, 2015 at 11:42 AM.
Thread Starter
Cruising
Joined: Nov 2014
Posts: 11
Likes: 0
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From: I live my life by 2 rules. 1) Never share everything you know. 2)
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I had my financing in place before I ordered my C7 in November and renewed the approval every 30 days until I took delivered in February.
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Thread Starter
Cruising
Joined: Nov 2014
Posts: 11
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Drifting
Joined: Oct 2011
Posts: 1,299
Likes: 79
From: Wichita Kansas
Hi guys,
I'm a new future c7 owner, with a few questions about the whole buying process. This will be my first new car, so I don't really know what to expect during the process.
I'm planning on shopping for an auto loan prior to the car arriving, have members found that Chevy offers better financing rates compared to banks?
I've heard a lot of negative things that happen talking with the finance managers and signing papers. Did you guys encounter any of this and could you share your experiences?
How much time should I expect to spend at the dealership purchasing my car?
Thanks for the help.
I'm a new future c7 owner, with a few questions about the whole buying process. This will be my first new car, so I don't really know what to expect during the process.
I'm planning on shopping for an auto loan prior to the car arriving, have members found that Chevy offers better financing rates compared to banks?
I've heard a lot of negative things that happen talking with the finance managers and signing papers. Did you guys encounter any of this and could you share your experiences?
How much time should I expect to spend at the dealership purchasing my car?
Thanks for the help.