C7 General Discussion General C7 Corvette Discussion not covered in Tech
Sponsored by:
Sponsored by:

Negotiating on a NEW 2016 2LT

Thread Tools
 
Search this Thread
 
Old Dec 21, 2016 | 11:16 AM
  #1  
dotbowels's Avatar
dotbowels
Thread Starter
Advanced
10 Year Member
 
Joined: Nov 2007
Posts: 76
Likes: 0
From: Kansas City Missouri
Default Negotiating on a NEW 2016 2LT

What would the lowest/fair price be for a new Corvette like this be? I'm not sure why the Magnetic Ride is on a non Z51. As a woman I feel intimidated by the process (I know all women aren't

I started out looking t used, but that hasn't gone well.

So far I'm not acting enthusiastic so if it is around after xmas maybe I can get a better deal.

Any thoughts/suggestions appreciated! Dorothy

Destination Charge $995.00
Installed Options
Carbon Flash Badge Package $100.00
Magnetic Selective Ride Control™ $3,495.00
Red-painted brake calipers $595.00
8-speed paddle shift transmission $1,725.00
Performance exhaust $1,195.00
19" front/20" rear, Black aluminum wheels $495.00
Carbon Flash-painted rear spoiler and outside mirrors $100.00
Performance data and video recorder $1,795.00
2LT $4,455.00
Total Options $13,955.00
MSRP* $70,350.00
Reply
Old Dec 21, 2016 | 11:21 AM
  #2  
billyboy47's Avatar
billyboy47
Race Director
 
Joined: Feb 2013
Posts: 12,687
Likes: 224
From: Nazareth, PA.
St. Jude Donor '17
Default

Originally Posted by dotbowels
What would the lowest/fair price be for a new Corvette like this be? I'm not sure why the Magnetic Ride is on a non Z51. As a woman I feel intimidated by the process (I know all women aren't

I started out looking t used, but that hasn't gone well.

So far I'm not acting enthusiastic so if it is around after xmas maybe I can get a better deal.

Any thoughts/suggestions appreciated! Dorothy

Destination Charge $995.00
Installed Options
Carbon Flash Badge Package $100.00
Magnetic Selective Ride Control™ $3,495.00
Red-painted brake calipers $595.00
8-speed paddle shift transmission $1,725.00
Performance exhaust $1,195.00
19" front/20" rear, Black aluminum wheels $495.00
Carbon Flash-painted rear spoiler and outside mirrors $100.00
Performance data and video recorder $1,795.00
2LT $4,455.00
Total Options $13,955.00
MSRP* $70,350.00
Tell the dealer to find the same exact car without the MSRC and save over 3 grand.
Reply
Old Dec 21, 2016 | 11:23 AM
  #3  
k_arnold's Avatar
k_arnold
Racer
10 Year Member
Liked
Loved
Community Favorite
 
Joined: Dec 2012
Posts: 334
Likes: 121
From: Gahanna Ohio
Default

Well GM announced the Bowling Green plant is adding a 1 week shut down and they have 170 days of inventory on the lots. You're in control on this negotiation!
One forum member just said they got a 24% discount off a 2016 so I would open at that and take anything in the 20%+ range.
It's winter and these cars aren't going to sell themselves....
Reply
Old Dec 21, 2016 | 11:24 AM
  #4  
ersatz928's Avatar
ersatz928
Melting Slicks
25 Year Member
Liked
Top Answer: 1
Top Answer: 5
 
Joined: Mar 2001
Posts: 2,671
Likes: 850
From: New Jersey
Default

A good price would be 22% to 24% off of the total MSRP : $54,873 to $53,466

Tell them your offer is $53,466, which INCLUDES the dealership "DOC Fees", and be firm. If they say they can't do it, tell them to contact you if they re-consider, and walk out. They will most likely call you back....worked for me.

Last edited by ersatz928; Dec 21, 2016 at 11:28 AM.
Reply
Old Dec 21, 2016 | 11:26 AM
  #5  
Larry/car's Avatar
Larry/car
Race Director
10 Year Member
 
Joined: May 2008
Posts: 10,742
Likes: 629
From: Manheim Pennsylvania
Default

Watch options, many that you selected will not have any value when it is time to trade.
Reply
Old Dec 21, 2016 | 11:31 AM
  #6  
Strake's Avatar
Strake
Safety Car
10 Year Member
Conversation Starter
Photogenic
Community Favorite
 
Joined: Nov 2012
Posts: 3,997
Likes: 2,612
From: Gettysburg PA
2020 C8 of the Year Finalist - Unmodified
Default

I for one, REALLY value, and like the Mag ride. We had it on our 2016 Stingray, and now on the '17 Grand Sport. It is a desirable option to have for yourself, and resale.

As for what's a fair offer. I would agree with others above. Start at 24% off MSRP and if you really like this particular car, perhaps settle at 20+ % off. If they won't take that I'd walk. In fact, I'd walk at 24% and let them call you back. Bet you don't get out to your car to drive home

Also agree that I won't pay "DOC Fees" any longer..... haven't for the last few cars we've bought, including the past 2 vettes. Rubs me the wrong way..... YOU are in the driver's seat..... end of month, end of year, WINTER time.....

Check to see if you are ALSO entitled to any of the incentives going on...

Last edited by Strake; Dec 21, 2016 at 11:35 AM.
Reply
Old Dec 21, 2016 | 11:32 AM
  #7  
OL2yellr's Avatar
OL2yellr
Racer
15 Year Member
 
Joined: Aug 2008
Posts: 335
Likes: 35
From: SW Utah
Default

20-25% off sticker. Start a 25.
Reply
Old Dec 21, 2016 | 11:38 AM
  #8  
Strake's Avatar
Strake
Safety Car
10 Year Member
Conversation Starter
Photogenic
Community Favorite
 
Joined: Nov 2012
Posts: 3,997
Likes: 2,612
From: Gettysburg PA
2020 C8 of the Year Finalist - Unmodified
Default

Originally Posted by billyboy47
Tell the dealer to find the same exact car without the MSRC and save over 3 grand.
It's a left over 2016....... good luck with that....
Reply
Corvette Stories

The Best of Corvette for Corvette Enthusiasts

story-0

5 Best & 5 Most Overrated Corvette Track Packages of All Time!

 Joe Kucinski
story-1

Every 2027 Corvette Engine Explained

 Joe Kucinski
story-2

Designer Imagines A Corvette That Looks More Like a Corvette Than the Corvette

 Verdad Gallardo
story-3

10 Ugly Corvettes That We Still Kinda Love

 Joe Kucinski
story-4

Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer

 Brett Foote
story-5

10 Things Every Corvette Owner Needs (2026 Edition)

 Michael S. Palmer
story-6

8 Most "Only Corvette Owners Understand" Quirks and Problems

 Pouria Savadkouei
story-7

10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years

 Joe Kucinski
story-8

How Much Horsepower Every Corvette Engine "LOST" in 1972

 Joe Kucinski
story-9

Top 10 DOs and DON'Ts for Protecting Your Convertible Top!

 Michael S. Palmer
Old Dec 21, 2016 | 11:44 AM
  #9  
Strake's Avatar
Strake
Safety Car
10 Year Member
Conversation Starter
Photogenic
Community Favorite
 
Joined: Nov 2012
Posts: 3,997
Likes: 2,612
From: Gettysburg PA
2020 C8 of the Year Finalist - Unmodified
Default

Originally Posted by Larry/car
Watch options, many that you selected will not have any value when it is time to trade.
While that is a subjective comment, and depending on WHICH options you are speaking of, there is a more important thought....... if these options are preferred by the OP then there is value. Even if perceived value. How many times do we see folks post here asking about ADDING certain options to their car, after the fact? Sure, some are easy add on's such as stripes, etc. But for other options, they are not practical, or even not possible to add. If the OP likes the package as it sits, then it's a win win.
Reply
Old Dec 21, 2016 | 11:54 AM
  #10  
mpuzach's Avatar
mpuzach
Race Director
10 Year Member
 
Joined: Mar 2005
Posts: 16,684
Likes: 1,193
From: La Center WA
Default

I highly doubt that you'll get 20 - 25% off sticker unless the car you choose is a Chevrolet Bonus Tag car. If it's not, 15% off is reasonable. As for "Magnetic Selective Ride Control™ $3,495.00", keep in mind that it also includes the 19" / 20" wheels and full-width rear spoiler. I can tell you with absolute certainty that mag ride is worth the extra cost.
Reply
Old Dec 21, 2016 | 11:55 AM
  #11  
tlippy's Avatar
tlippy
Advanced
 
Joined: Oct 2016
Posts: 86
Likes: 8
From: Central Oregon
Default

Originally Posted by dotbowels

Destination Charge $995.00
Installed Options
Carbon Flash Badge Package $100.00
Magnetic Selective Ride Control™ $3,495.00
Red-painted brake calipers $595.00
8-speed paddle shift transmission $1,725.00
Performance exhaust $1,195.00
19" front/20" rear, Black aluminum wheels $495.00
Carbon Flash-painted rear spoiler and outside mirrors $100.00
Performance data and video recorder $1,795.00
2LT $4,455.00
Total Options $13,955.00
MSRP* $70,350.00
You have great taste !!!!!
I feel fortunate. I bought this identical car used for $48,000 with 2400 miles on the odometer. Mine does have the removable roof panel for an additional $1995. Your accessory list is perfect. My first Vet and is the most incredible vehicle I've ever driven. Just sorry it's in my garage snow bound. Go for it
Reply
Old Dec 21, 2016 | 12:01 PM
  #12  
mpuzach's Avatar
mpuzach
Race Director
10 Year Member
 
Joined: Mar 2005
Posts: 16,684
Likes: 1,193
From: La Center WA
Default

Originally Posted by tlippy
You have great taste !!!!!
I feel fortunate. I bought this identical car used for $48,000 with 2400 miles on the odometer. Mine does have the removable roof panel for an additional $1995. Your accessory list is perfect. My first Vet and is the most incredible vehicle I've ever driven. Just sorry it's in my garage snow bound. Go for it
All C7 Corvette coupes have the removable roof panel. The standard painted carbon fiber one comes at no extra cost; it can be replaced with the unpainted carbon fiber one for $1,995.
Reply
Old Dec 21, 2016 | 12:05 PM
  #13  
tcinla's Avatar
tcinla
Melting Slicks
Supporting Lifetime
 
Joined: Nov 2016
Posts: 2,274
Likes: 621
From: Los Angeles CA
Default

Your biggest weapon is the power to walk away at ANY point... There are many other cars and many other dealerships...

- Invoice : You must know the dealer invoice (what the dealer paid GM) for that car so you can make a firm offer that is at least reasonable. i.e. let them make at least a few hundred to a thousand of profit. If you do that and they say it's too low, simply say it's fairly above invoice, that there are many other cars sitting on other dealers lots, and walk away. MSRP / 'List' price IS MEANINGLESS. IT'S EVIL. WHENEVER YOU SEE ONE, TREAT IT LIKE THE MANGY SCOUNDREL IT IS. Seriously. MSRP is just a tool to help set your expectation of paying more than you actually need to. Note the 'Suggested' part of MSRP.

- The power of the feet : 90% chance they will try to re-connect with you after you leave or try to stop you. If they don't then that wasn't the place for you to be buying from anyway. The Bottom line is that if you don't get your price, as long as it's fair, WALK....

- Fear of loss leads to the Dark Side, padawan : If the sales guy gets the slightest notion that you can't leave without that car (not just liking it, mind you), your negotiating power is weakened.

- Let someone else do it : Another option is an auto broker, a REPUTABLE one that has no financial relationship with car dealers (i.e., they are paid by you only). The one's with a simple flat fee are the best to start looking at if that's the route you want to go. The more complicated the financial structure gets with an auto broker, the higher the likelihood that there is something hidden from your view going on.


Nobody hits a home run w/o practice. Because this is such a big purchase, it is entirely appropriate for you to.... practice. What I mean by that is try it out on a car you have no intention on actually buying... Go to a dealership, find a corvette and go through the process once or twice and you will feel more confident when you get to what you do want. Sales is not altruistic... Don't feel bad about taking up time. Sales people do it for a living "Let me go talk to my manager...." while you wait.... and wait...

Last edited by tcinla; Dec 21, 2016 at 12:47 PM.
Reply
Old Dec 21, 2016 | 12:06 PM
  #14  
Supersonic 427's Avatar
Supersonic 427
Le Mans Master
20 Year Member
Veteran: Navy
Liked
Community Favorite
 
Joined: Nov 2002
Posts: 5,832
Likes: 1,682
From: Rochester New York
Default

I purchased my new '16 Convertible back in October of this year. It had a MSRP of $65,980. The dealer discounted the car $6000 + 10% off for Bonus Tag ($6598) So, it had a total discount of $12,598 off MSRP or $53,382. That was a little better than 19% off. At the time there was a $2000 Corvette Loyalty Rebate and 0% Financing for 72 months. However, neither could be used in addition to the Bonus Tag Rebate. I thought it was a decent deal!
My car also has the Mag Ride option (FE2) without being a Z51. This $3495 option not only gives you the Mag ride it also includes the Z51 19" front and 20" Wheels and Tires and Z51 rear spoiler.
I would say if you like the '16 that is in question, expect about 20% off MSRP. Note: it must be a Bonus Tagged Car to get that deal.

Last edited by Supersonic 427; Dec 21, 2016 at 12:22 PM.
Reply
Old Dec 21, 2016 | 12:28 PM
  #15  
GM'er's Avatar
GM'er
Drifting
10 Year Member
 
Joined: Jul 2012
Posts: 1,697
Likes: 94
From: Canton MI
2017 C7 of the Year Finalist
Default

Originally Posted by ersatz928
A good price would be 22% to 24% off of the total MSRP : $54,873 to $53,466

Tell them your offer is $53,466, which INCLUDES the dealership "DOC Fees", and be firm. If they say they can't do it, tell them to contact you if they re-consider, and walk out. They will most likely call you back....worked for me.
Right in the ballpark, assuming this is a bonus tag car.
Reply
Old Dec 21, 2016 | 12:31 PM
  #16  
TEXHAWK0's Avatar
TEXHAWK0
Le Mans Master
15 Year Member
 
Joined: Sep 2003
Posts: 8,847
Likes: 795
From: Longview Texas
Default

Originally Posted by dotbowels
What would the lowest/fair price be for a new Corvette like this be? I'm not sure why the Magnetic Ride is on a non Z51. As a woman I feel intimidated by the process (I know all women aren't

I started out looking t used, but that hasn't gone well.

So far I'm not acting enthusiastic so if it is around after xmas maybe I can get a better deal.

Any thoughts/suggestions appreciated! Dorothy

Destination Charge $995.00
Installed Options
Carbon Flash Badge Package $100.00
Magnetic Selective Ride Control™ $3,495.00
Red-painted brake calipers $595.00
8-speed paddle shift transmission $1,725.00
Performance exhaust $1,195.00
19" front/20" rear, Black aluminum wheels $495.00
Carbon Flash-painted rear spoiler and outside mirrors $100.00
Performance data and video recorder $1,795.00
2LT $4,455.00
Total Options $13,955.00
MSRP* $70,350.00
You might want to build and price it on the Chevy website. I noticed that when I priced a 2017 Grand Sport, GM was giving everyone supplier pricing, and there was also a Corvette Loyalty discount of $2000.
Reply
Old Dec 21, 2016 | 12:36 PM
  #17  
TEXHAWK0's Avatar
TEXHAWK0
Le Mans Master
15 Year Member
 
Joined: Sep 2003
Posts: 8,847
Likes: 795
From: Longview Texas
Default

Originally Posted by tcinla
Your biggest weapon is the power to walk away at ANY point... There are many other cars and many other dealerships...

- Invoice : You must know the dealer invoice (what the dealer paid GM) for that car so you can make a firm offer that is at least reasonable. i.e. let them make at least a few hundred to a thousand of profit. If you do that and they say it's too low, simply say it's fairly above invoice, that there are many other cars sitting on other dealers lots, and walk away.o
Remember that the dealer can sell the car at invoice price and still make money. There is a 3% hold back by GM that the dealer gets later which can be $2000 to $3000.
Reply

Get notified of new replies

To Negotiating on a NEW 2016 2LT

Old Dec 21, 2016 | 12:42 PM
  #18  
tcinla's Avatar
tcinla
Melting Slicks
Supporting Lifetime
 
Joined: Nov 2016
Posts: 2,274
Likes: 621
From: Los Angeles CA
Default

Originally Posted by TEXHAWK0
Remember that the dealer can sell the car at invoice price and still make money. There is a 3% hold back by GM that the dealer gets later which can be $2000 to $3000.
I which I knew that, I would have LOVED to retort with that to the sales guy in my 'Practice' buy session before I purchased the one I ended up with.
Reply
Old Dec 21, 2016 | 12:42 PM
  #19  
netster's Avatar
netster
Racer
15 Year Member
Conversation Starter
All Eyes On Me
Liked
 
Joined: Oct 2007
Posts: 332
Likes: 23
Default

See what Mike Furman at Criswell can do for you.

http://www.criswellcorvette.com/Vehi...model=Corvette
Reply
Old Dec 21, 2016 | 12:56 PM
  #20  
JonMN's Avatar
JonMN
Safety Car
Liked
Loved
Community Favorite
Top Answer: 1
 
Joined: May 2016
Posts: 4,492
Likes: 1,028
From: MN
Default

By the way, MSRC is pretty nice to have, even on a non Z51.
Reply



All times are GMT -4. The time now is 04:30 PM.

story-0
5 Best & 5 Most Overrated Corvette Track Packages of All Time!

Slideshow: The 5 best and 5 most overrated Corvette track packages ever.

By Joe Kucinski | 2026-06-09 12:46:45


VIEW MORE
story-1
Every 2027 Corvette Engine Explained

Slideshow: Every 2027 Corvette engine explained

By Joe Kucinski | 2026-06-09 12:16:31


VIEW MORE
story-2
Designer Imagines A Corvette That Looks More Like a Corvette Than the Corvette

Slideshow: A Jaguar designer's personal project imagines what a modern front-engined Corvette might look like if Chevrolet revisited the golden age of the Stingray.

By Verdad Gallardo | 2026-06-08 19:53:43


VIEW MORE
story-3
10 Ugly Corvettes That We Still Kinda Love

Slideshow: 10 ugly Corvettes that we still kinda love.

By Joe Kucinski | 2026-06-03 10:34:17


VIEW MORE
story-4
Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer

A lot of money has changed hands at the online auction house over the years.

By Brett Foote | 2026-06-03 10:21:50


VIEW MORE
story-5
10 Things Every Corvette Owner Needs (2026 Edition)

Slideshow: 10 great gifts Corvette enthusiasts actually want for Father's Day!

By Michael S. Palmer | 2026-06-03 15:43:40


VIEW MORE
story-6
8 Most "Only Corvette Owners Understand" Quirks and Problems

Slideshow: These are the quirks, annoyances, and oddly lovable problems that every Corvette owner eventually learns to live with.

By Pouria Savadkouei | 2026-05-28 09:31:39


VIEW MORE
story-7
10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years

Slideshow: 10 reasons why the C6 Z06 is still a performance benchmark after 20 years.

By Joe Kucinski | 2026-05-27 17:20:09


VIEW MORE
story-8
How Much Horsepower Every Corvette Engine "LOST" in 1972

Slideshow: How much horsepower every Corvette engine lost in 1972.

By Joe Kucinski | 2026-05-27 16:54:53


VIEW MORE
story-9
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!

Slideshow: How to Protect A Convertible Top: 10 DOs & DON'Ts

By Michael S. Palmer | 2026-04-03 00:00:00


VIEW MORE