Wow, I got a deal!
10-29-2015, 01:01 AM
#21
I think with the 15s there was about 14% profit in the car at MSRP. Now for the 16s there's supposedly 12%. I'm gonna guess there's money we don't know about as well. So assuming no other fees, they made at least $1600ish on the deal less whatever registration costs they're covering.
These C7's are "hot" cars and there is no need to sell them at a loss. As others have stated it would be a bad business model.
As others have stated in this thread an MSRP of $84,045 for a Z51 must be fully loaded with tons of options. The MSRP is certainly priced to the max on this C7, even if it is a 2016MY.
10-29-2015, 01:21 AM
#22
Racer
Thread Starter
Here's the options I have:
2016 3LT Torch Red Coupe w/ Z51 package
8 speed automatic
Black 19/20 inch wheels
Red calipers
Exposed carbon fiber roof
Exposed carbon fiber stinger strip
Carbon flash painted mirrors and spoiler
Carbon flash badge package
Magnetic selective ride control
Black competition seats with suede inserts
Carbon fiber interior trim
Red stitching
Front & Rear splash guards
10-29-2015, 01:23 AM
#23
Melting Slicks
The final deal on my 2015 C7 1LT was 12.3% off the MSRP, and I know the dealer still made money. While I got a great deal, the dealer certainly was not going to sell me the C7 at a loss.
These C7's are "hot" cars and there is no need to sell them at a loss. As others have stated it would be a bad business model.
As others have stated in this thread an MSRP of $84,045 for a Z51 must be fully loaded with tons of options. The MSRP is certainly priced to the max on this C7, even if it is a 2016MY.
These C7's are "hot" cars and there is no need to sell them at a loss. As others have stated it would be a bad business model.
As others have stated in this thread an MSRP of $84,045 for a Z51 must be fully loaded with tons of options. The MSRP is certainly priced to the max on this C7, even if it is a 2016MY.
10-29-2015, 01:29 AM
#24
Congrats on your new car! And don't let some of the negative remarks bring you down or say you could have had this vs. that and so on! Some on here don't understand some/a lot of people like nice options on their cars and are okay to pay for it. 
You got a great deal on a great car! Enjoy it and drive it in good health!
You got a great deal on a great car! Enjoy it and drive it in good health!
10-29-2015, 03:00 AM
#25
Burning Brakes
I knew a 10% discount was an awesome deal, but I didn't know how good it was until tonight. I was just looking over copies of the paperwork the dealer sent my bank for the vehicle and saw that it listed how much the dealer paid for the car.
MSRP: $84,045.00
Supplier Pricing: $77,978.50
Invoiced Price: $75,641.00
So the dealer lost $2,337.50, which is before considering the cost of the employees time who worked on the deal and the cost of title and registration which they are also covering. I figure around a $3,000 loss for them.
MSRP: $84,045.00
Supplier Pricing: $77,978.50
Invoiced Price: $75,641.00
So the dealer lost $2,337.50, which is before considering the cost of the employees time who worked on the deal and the cost of title and registration which they are also covering. I figure around a $3,000 loss for them.
I'm sure you sales person works on commission so he pays the dealership back for a loss? or do they eat even more? common sense applies here......just enjoy the car but if it rolled off the lot... it WAS for profit - backside rebates once its sold - don't take offense - everyone here that bought a car from a dealer - the dealer made money....its acceptable and a given.
Last edited by Steve Garrett; 10-29-2015 at 04:21 PM. Reason: Merged Posts-please use the Multi-Quote button in the lower right hand corner (middle icon).
10-29-2015, 05:55 AM
#26
Le Mans Master
I believe you have it wrong here. If you bought it at a 10 percent discount off of msrp, that equals the invoice price in this example. Invoice is the price the dealer pays GM for the vehicle( absent any hidden incentives), meaning you're paying invoice for the car, which is a good deal right now. In addition to the invoice price GM pays the dealer, the dealer often has "hidden" ( from you the buyer) incentives like 3 percent holdbacks, making sales targets for given months or quarters, etc. So typically the buyer really doesn't know how much the dealer pays for the vehicle with all items taken into account, unless your relative, close friend, etc discloses " honestly" what the dealer pays for a specific vehicle. FWIW, most car dealers, salespeople, etc are not known for their honesty. Many times you'll hear phrases like " We're not making any money on this deal" or worse yet " We're losing money on this deal".
In most if not all cases. total BS.
10-29-2015, 06:46 AM
#28
Le Mans Master
They paid dealer invoice, in this case 75,641.00. Supplier pricing is not the pricing the supplier (dealer) pays, it's a special deal GM has with its suppliers (to GM) for pricing (like Employee Pricing).
You paid invoice. The dealer walked away with $2200 on the deal plus whatever extras you bought (if any).
10-29-2015, 07:43 AM
#31
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You got a very good deal on the car and that's what matters. 
10-29-2015, 07:48 AM
#32
Drifting
Get a 3LT Z51, twilight blue package, standard color, full stripes, and your bill will be near 80k. Add convertible, nicer wheels, any carbon, and you're letting your mother in law move in
10-29-2015, 07:53 AM
#33
Le Mans Master
If you think the dealer lost money on that transaction, I have a bridge for sale.
10-29-2015, 08:03 AM
#34
Racer
Is this a MY 15 or 16?
10-29-2015, 08:20 AM
#36
E-Ray, 3LZ, ZER, LIFT
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I would have to question your thoughts.
I don't believe that dealerships are in business to lose money on a car sale, especially a Corvette C7. In addition yet alone a $3000 loss as you might suspect.
However, if you really think the dealer lost money and you got a good deal that is all that matters.
It is the psychology of the sale. If you think it's true and it is not, it doesn't matter to anyone else except the buyer, and no one person will change your mind or thoughts.
In your mind, you got a good deal.
I don't believe that dealerships are in business to lose money on a car sale, especially a Corvette C7. In addition yet alone a $3000 loss as you might suspect.
However, if you really think the dealer lost money and you got a good deal that is all that matters.
It is the psychology of the sale. If you think it's true and it is not, it doesn't matter to anyone else except the buyer, and no one person will change your mind or thoughts.
In your mind, you got a good deal.
I recall for my '08 I bought from Kerbeck their quote included a 50% discount on a ~$5000 package that another dealer said no way. I believe when GM has excess of select options there are special deals available plus growth incentives and volume incentives that are above the 3% hold backs! Combined with other discounts no one could match their price for a car they had to order for me. It was the first month of the ordering year not a left over. There is a reason they are the #1 volume seller.Showing an "invoice price," isn't their cost! But agree if you think you got a good deal that's all that matters!
Last edited by JerryU; 10-29-2015 at 08:23 AM.
10-29-2015, 08:21 AM
#37
Team Owner
Wow.
That is about all I can say.
Dealers do not sell cars to lose money, if you think they lost money then you really need to understand how this works.
That is about all I can say.
Dealers do not sell cars to lose money, if you think they lost money then you really need to understand how this works.
10-29-2015, 08:30 AM
#38
CF Senior Member
OP, I'm not sure of the reason for you starting this thread? If you get a "great deal" when you actually finalize the deal, then good for you. You should be proud of yourself. When you have the final details of the "deal" and if you'd like to share them with us then please do so. More importantly, we'd love to see some pictures of what you've actually purchased and learn more about how you plan to enjoy your great car.
All this BS about what dealers make or lose on transactions is just nonsense. They're not in business to lose money and all of the dealers I know are doing quite well.
All this BS about what dealers make or lose on transactions is just nonsense. They're not in business to lose money and all of the dealers I know are doing quite well.
