Sticker Price Discounts?
#1
Racer
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Sticker Price Discounts?
Greetings from the UK.
Out of curiosity, when C7 is being sold via a dealer, what would you suggest is the haggle room on the sticker price?
I know it's like asking how long is a piece of string and it will depend on the car and the dealer, but what would you go in at offering on say a $50,000 sticker?
Finally, what would a $50.000 sticker dealer car typically sell for privately? (just as a guide.)
Would be interested to know as I'm looking to buy my next Corvette from America and bringing it to the UK as I can't get what I want here.
Thank you in advance.
Out of curiosity, when C7 is being sold via a dealer, what would you suggest is the haggle room on the sticker price?
I know it's like asking how long is a piece of string and it will depend on the car and the dealer, but what would you go in at offering on say a $50,000 sticker?
Finally, what would a $50.000 sticker dealer car typically sell for privately? (just as a guide.)
Would be interested to know as I'm looking to buy my next Corvette from America and bringing it to the UK as I can't get what I want here.
Thank you in advance.
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Art17 (02-08-2022)
#3
Greetings from the UK.
Out of curiosity, when C7 is being sold via a dealer, what would you suggest is the haggle room on the sticker price?
I know it's like asking how long is a piece of string and it will depend on the car and the dealer, but what would you go in at offering on say a $50,000 sticker?
Finally, what would a $50.000 sticker dealer car typically sell for privately? (just as a guide.)
Would be interested to know as I'm looking to buy my next Corvette from America and bringing it to the UK as I can't get what I want here.
Thank you in advance.
Out of curiosity, when C7 is being sold via a dealer, what would you suggest is the haggle room on the sticker price?
I know it's like asking how long is a piece of string and it will depend on the car and the dealer, but what would you go in at offering on say a $50,000 sticker?
Finally, what would a $50.000 sticker dealer car typically sell for privately? (just as a guide.)
Would be interested to know as I'm looking to buy my next Corvette from America and bringing it to the UK as I can't get what I want here.
Thank you in advance.
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Atomic UK (02-06-2022)
#5
Race Director
Greetings from the UK.
Out of curiosity, when C7 is being sold via a dealer, what would you suggest is the haggle room on the sticker price?
I know it's like asking how long is a piece of string and it will depend on the car and the dealer, but what would you go in at offering on say a $50,000 sticker?
Finally, what would a $50.000 sticker dealer car typically sell for privately? (just as a guide.)
Would be interested to know as I'm looking to buy my next Corvette from America and bringing it to the UK as I can't get what I want here.
Thank you in advance.
Out of curiosity, when C7 is being sold via a dealer, what would you suggest is the haggle room on the sticker price?
I know it's like asking how long is a piece of string and it will depend on the car and the dealer, but what would you go in at offering on say a $50,000 sticker?
Finally, what would a $50.000 sticker dealer car typically sell for privately? (just as a guide.)
Would be interested to know as I'm looking to buy my next Corvette from America and bringing it to the UK as I can't get what I want here.
Thank you in advance.
As far as offers go, it depends on what they are asking for the particular C7 and how reasonable or unreasonable price is.
10% off, often seems a good starting point.
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Atomic UK (02-06-2022)
#6
Race Director
I wouldn't necessarily agree with that. As many nice C7s are selling considerably below their original Manufacturer's Suggested Retail Price even in today's inflated market.
Last edited by Kevin A Jones; 02-06-2022 at 02:37 PM.
#7
#8
Instructor
I have a few suggestions, having just made a purchase (car is yet to be delivered by the online dealer).
1) Know the trade-in value of your candidate car through this appraisal site (KBB): https://www.kbb.com/whats-my-car-worth/. It's important to know the features of the car because the site will ask for them, which will affect the trade-in value. By and large, the dealer or private seller will tell you what the features are (glass roof, 2LT package, etc.). To be sure, you can buy for $8.00 the window sticker or "Monroney" label if the window sticker is unavailable. Here's the site: https://monroneylabels.com/
2) Then go to this page of the same KBB site to know the dealer's asking price for your target car: https://www.kbb.com/car-prices/. If you have existing knowledge of your target car's asking price and features, proceed to the next step.
3) Compute the difference between the dealer's asking price and the trade-in price. The result represents the gross profit the dealer makes if you buy at their asking price. If it's an online dealer like the one I bought mine from, there's no negotiation (I tried).
Consider that "gross profit" will need to cover the dealer's cost of bringing the product to sale status, which includes inbound freight (if online dealer), reconditioning (may include new tires, paint touch-ups, etc.) and the dealer's regular overhead (staff, insurance, etc.). My experience is that traditional, physical-site dealers are more likely to negotiate but consider that their initial asking price may be inflated to make room for negotiation. It's their practice to reduce prices up to US$1,000 when the car stays too long in the lot.
Part of your budget decision will obviously include ocean freight cost, which will entail another process of due diligence to arrive at the best fee-to-performance ratio. I'm not sure if US domestic car dealers will ship your car to your local pier (terms like "CIF," C&F" come into play where the dealer pays for Cost, Insurance, Freight or CIF, for example) or where the dealer says "pick it up from my dealership and it's your responsibility to bring it home" otherwise referred to as "ex-works" or "ex-plant."
Maybe a bit of info overload, but the above steps are highly recommended. Good luck!
1) Know the trade-in value of your candidate car through this appraisal site (KBB): https://www.kbb.com/whats-my-car-worth/. It's important to know the features of the car because the site will ask for them, which will affect the trade-in value. By and large, the dealer or private seller will tell you what the features are (glass roof, 2LT package, etc.). To be sure, you can buy for $8.00 the window sticker or "Monroney" label if the window sticker is unavailable. Here's the site: https://monroneylabels.com/
2) Then go to this page of the same KBB site to know the dealer's asking price for your target car: https://www.kbb.com/car-prices/. If you have existing knowledge of your target car's asking price and features, proceed to the next step.
3) Compute the difference between the dealer's asking price and the trade-in price. The result represents the gross profit the dealer makes if you buy at their asking price. If it's an online dealer like the one I bought mine from, there's no negotiation (I tried).
Consider that "gross profit" will need to cover the dealer's cost of bringing the product to sale status, which includes inbound freight (if online dealer), reconditioning (may include new tires, paint touch-ups, etc.) and the dealer's regular overhead (staff, insurance, etc.). My experience is that traditional, physical-site dealers are more likely to negotiate but consider that their initial asking price may be inflated to make room for negotiation. It's their practice to reduce prices up to US$1,000 when the car stays too long in the lot.
Part of your budget decision will obviously include ocean freight cost, which will entail another process of due diligence to arrive at the best fee-to-performance ratio. I'm not sure if US domestic car dealers will ship your car to your local pier (terms like "CIF," C&F" come into play where the dealer pays for Cost, Insurance, Freight or CIF, for example) or where the dealer says "pick it up from my dealership and it's your responsibility to bring it home" otherwise referred to as "ex-works" or "ex-plant."
Maybe a bit of info overload, but the above steps are highly recommended. Good luck!
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Atomic UK (02-06-2022)
#10
Race Director
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2023 C6 of the Year Finalist - Unmodified
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2021 C6 of the Year Finalist - Unmodified
Used Corvettes are priced historically high right now in the USA, if you can get the seller to drop their price at all you have done well, good luck
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Atomic UK (02-07-2022)
#11
Moderator
It all depends on the year and condition of the car, like all used cars. Miles, how well maintained, etc. MSRP is a good reference but value varies depending on above.
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Kevin A Jones (02-07-2022)
#12
Racer
I just bought a sub 10k mile 2019 GS 2LT manual trans car, it is flawless.
I paid a few hundred less than the exact original sticker price for this configuration (mid 70’s). There was no negotiating.
I found out the other day that the car has a 3/4 clear SunTek PPF wrap, so I’m starting to feel like I got a really good deal given the insane market we are in.
I paid a few hundred less than the exact original sticker price for this configuration (mid 70’s). There was no negotiating.
I found out the other day that the car has a 3/4 clear SunTek PPF wrap, so I’m starting to feel like I got a really good deal given the insane market we are in.
#13
Le Mans Master
Get it before the weather warms up.
Check comparable sales
Check comparable sales
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Atomic UK (02-07-2022)
#15
Instructor
Glad to be of help.
I'll suggest further to start with the freight service that will collect your car from the seller and deliver it to your local port. Google international freight forwarders, global logistics services, etc. to know what US locations they're able to service. Then get a quote for shipping the car from any of those locations to your local port. Doing this, you're establishing your cost of freight.
Then based on those locations serviced by the freight service provider, look for the sellers. Any seller that matches the logistics part then completes your realistic path to a purchase. You'll also get a very close-to-reality idea of how much the total purchase is delivered to your local port, from which you or an overland carrier can collect your car.
I'll suggest further to start with the freight service that will collect your car from the seller and deliver it to your local port. Google international freight forwarders, global logistics services, etc. to know what US locations they're able to service. Then get a quote for shipping the car from any of those locations to your local port. Doing this, you're establishing your cost of freight.
Then based on those locations serviced by the freight service provider, look for the sellers. Any seller that matches the logistics part then completes your realistic path to a purchase. You'll also get a very close-to-reality idea of how much the total purchase is delivered to your local port, from which you or an overland carrier can collect your car.
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jlbruggeman (02-07-2022)
#16
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Virtually no haggle room here now. That and prices are unprecedented... still. All the best, in any event.
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Atomic UK (02-07-2022)
#17
Atomic.
My experience is $0- $10,000 off asking price. Not MSRP!!
The highly optioned, manual trans and low mileage cars are hot.
Buy the car that checks your boxes.
Do your research. Talk to previous owners.
I have bought 3- C7s for $30,000 under MSRP. Each.
And one, way over MSRP.
Good luck with the transport !!
My experience is $0- $10,000 off asking price. Not MSRP!!
The highly optioned, manual trans and low mileage cars are hot.
Buy the car that checks your boxes.
Do your research. Talk to previous owners.
I have bought 3- C7s for $30,000 under MSRP. Each.
And one, way over MSRP.
Good luck with the transport !!
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Atomic UK (02-08-2022)