Wow, I got a deal!
10-28-2015, 11:52 PM
#1
Racer
Thread Starter
Wow, I got a deal!
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 (this is what I am paying exactly)
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 (this is what I am paying exactly)
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.
Last edited by efarley; 10-29-2015 at 10:04 PM.
10-28-2015, 11:58 PM
#3
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.
The following 2 users liked this post by Black&White:
LIE2ME (10-30-2015),
Scoobydoobydoo (10-29-2015)
10-29-2015, 12:01 AM
#4
Racer
Thread Starter
10-29-2015, 12:11 AM
#5
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.
The following users liked this post:
OLD_GOAT (10-30-2015)
10-29-2015, 12:13 AM
#6
Racer
Thread Starter
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.
The following users liked this post:
rickvette (10-29-2015)
10-29-2015, 12:18 AM
#7
unfortunately they did not show you the backside cash.....but no one sees that - $75.6 for a z51? depends on your options - If your happy - I am happy - besides it's to late now
Enjoy and congrats.
Enjoy and congrats.
10-29-2015, 12:20 AM
#8
Race Director
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.
The following users liked this post:
nmvettec7 (10-29-2015)
10-29-2015, 12:21 AM
#9
Very true with the laws on selling - that is the correct invoice they were billed, but what you DONT know is when they sell it they get a kickback- or Spiff from GM.........no worries - enjoy - but they didn't sell a new car and lost money - bad business model!
The following users liked this post:
nmvettec7 (10-29-2015)
10-29-2015, 12:22 AM
#10
Racer
Thread Starter
In layman's terms that means the dealer pays the supplier price and I'm paying the invoice.
10-29-2015, 12:25 AM
#11
Burning Brakes
Member Since: Jan 2014
Location: Colorado Springs, CO/Augusta,GA Colorado
Posts: 1,178
Received 211 Likes
on
157 Posts
I'm guessing that Z51 had almost every option available for a MSRP of $84,045.00 (and into Z06 territory).
There are some numbers missing from what you provided. Things like Dealer fee, if you paid for extended warranty....the extras. I highly doubt the dealer lost any money. Be easier to think you got a good deal and not think that because you got a good deal, the dealer lost money. I guarantee the dealership was smiling after the deal also.
There are some numbers missing from what you provided. Things like Dealer fee, if you paid for extended warranty....the extras. I highly doubt the dealer lost any money. Be easier to think you got a good deal and not think that because you got a good deal, the dealer lost money. I guarantee the dealership was smiling after the deal also.
The following users liked this post:
nmvettec7 (10-29-2015)
10-29-2015, 12:30 AM
#12
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.
10-29-2015, 12:39 AM
#13
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.
The following users liked this post:
nmvettec7 (10-29-2015)
10-29-2015, 12:41 AM
#14
Instructor
Car invoice is 92.7% of sticker.
Options are 90.9% of sticker
Shipping is a pass through cost
GM pays 3% holdback on every vehicle
90% is a very good deal. Basically the dealer made 2.1% of all the options costs as profit
True dealer cost was around 75,100.
If it is a 2016, you did better than 90% of buyers on here.
for clarification: supplier price is not a number that dealer pays factory. it is a price GM dealer will but doesn't have to sell to GM affiliated buyers (not obligated to participate), such as a goodyear employee who is a "supplier of tires"
Options are 90.9% of sticker
Shipping is a pass through cost
GM pays 3% holdback on every vehicle
90% is a very good deal. Basically the dealer made 2.1% of all the options costs as profit
True dealer cost was around 75,100.
If it is a 2016, you did better than 90% of buyers on here.
for clarification: supplier price is not a number that dealer pays factory. it is a price GM dealer will but doesn't have to sell to GM affiliated buyers (not obligated to participate), such as a goodyear employee who is a "supplier of tires"
Last edited by douginkc; 10-29-2015 at 12:58 AM.
The following users liked this post:
OLD_GOAT (10-30-2015)
10-29-2015, 12:45 AM
#15
Le Mans Master
Since you started this thread how about posting exactly what you paid for the car out the door, everything totalled up.Then everyone can then decide on their own if they think you got a good deal or not.
The following users liked this post:
nmvettec7 (10-29-2015)
10-29-2015, 12:48 AM
#16
Le Mans Master
Supplier pricing is special pricing for GM suppliers. Some people can buy at the "Suppliers"" pricing.
Dealer invoice is what the dealer likes you to think they paid for the car, but they also have a 3% hold back which GM pays them.
If you paid dealer invoice, they still made 3% of list price on the deal.
The following users liked this post:
nmvettec7 (10-29-2015)
10-29-2015, 12:50 AM
#17
Melting Slicks
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.
10-29-2015, 12:51 AM
#18
Racer
Thread Starter
I haven't finalized the deal yet. I'm waiting to inspect the car once it arrives at the dealer. I had to have it courtesy delivered to Oregon. I'm not buying any additional crap from the dealer so it will be the invoice price that I pay.
10-29-2015, 12:55 AM
#19
Melting Slicks