A personal question for current owners...
04-14-2018, 03:46 PM
#1
Burning Brakes
Thread Starter
A personal question for current owners...
I'll dance around the impoliteness of asking directly...How much are dealers getting for the "dealer price adjustment" after the haggle?
One dealer near me (Orange County CA, unfortunately in this case) mentioned they would be marking up $8-10k over sticker and another dealership's sales manager wanted to add $20k (before the salesman hurried over after he left and said don't worry about that number!). So what are people actually paying for their ZR1s?
Thanks in advance for your responses. My decisions time is approaching rapidly.
One dealer near me (Orange County CA, unfortunately in this case) mentioned they would be marking up $8-10k over sticker and another dealership's sales manager wanted to add $20k (before the salesman hurried over after he left and said don't worry about that number!). So what are people actually paying for their ZR1s?
Thanks in advance for your responses. My decisions time is approaching rapidly.
04-14-2018, 03:47 PM
#2
Team Owner
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Location: Kansas City, Missouri
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St. Jude Donor'15
My dealership in Kansas City (Hendrick Chevrolet) is selling at MSRP. Do NOT buy from any dealership charging more!
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04-14-2018, 03:56 PM
#3
Burning Brakes
Thread Starter
Unfortunately, and I don't know if this phenomenon is common elsewhere, but in OC (and LA I'd imagine) the dealer markup seems not only common but apparently supported by customers (via sales). My friend was looking to buy a Raptor, was at the dealership ready to trade in his Alfa, and they were asking $15k over sticker for the Raptor. He flat out refused to pay that, and they wiggled a little to bring the markup down to $6k over but he refused, willing to pay MSRP (as opposed to % over invoice). Their retort was that Raptor demand was so high they went through their allocation months back and were now selling ones purchased from other dealers in lower-demand markets that they had to buy at MSRP themselves (lying? a salesman's lips were moving). Anyway, cut to the chase and we walked out and he let us...with 12+ Raptors sitting on their lot.
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Palantirion (04-14-2018)
04-14-2018, 04:22 PM
#5
Le Mans Master
Greedy dealers. But it’s supply and demand and the newness factor. Elco chevy in Ballwin in winter of 1990 sold a c4 zr-1 for 110k. A 50k markup on the 60k sticker . Then new 1991 zr1’s stacked up on dealer parking lots in Jan of 1992 were being sold at 15 to 20k under their 65k sticker price then.
similar with the c6zr1. 110 to 120k sticker cArs going for 10 to 20k over sticker and recall Londoff Chevrolet sold a 110k new 2010 zr1 for 72k in feb 2011
the same will likely happen c7zr1. As happened with the c7z06 and c6z06
similar with the c6zr1. 110 to 120k sticker cArs going for 10 to 20k over sticker and recall Londoff Chevrolet sold a 110k new 2010 zr1 for 72k in feb 2011
the same will likely happen c7zr1. As happened with the c7z06 and c6z06
Last edited by Mr. Gizmo; 04-14-2018 at 04:31 PM.
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Palantirion (04-14-2018)
04-14-2018, 06:29 PM
#7
Instructor
Greedy dealers. But it’s supply and demand and the newness factor. Elco chevy in Ballwin in winter of 1990 sold a c4 zr-1 for 110k. A 50k markup on the 60k sticker . Then new 1991 zr1’s stacked up on dealer parking lots in Jan of 1992 were being sold at 15 to 20k under their 65k sticker price then.
similar with the c6zr1. 110 to 120k sticker cArs going for 10 to 20k over sticker and recall Londoff Chevrolet sold a 110k new 2010 zr1 for 72k in feb 2011
the same will likely happen c7zr1. As happened with the c7z06 and c6z06
similar with the c6zr1. 110 to 120k sticker cArs going for 10 to 20k over sticker and recall Londoff Chevrolet sold a 110k new 2010 zr1 for 72k in feb 2011
the same will likely happen c7zr1. As happened with the c7z06 and c6z06
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Palantirion (04-14-2018)
04-14-2018, 06:52 PM
#12
Unfortunately, and I don't know if this phenomenon is common elsewhere, but in OC (and LA I'd imagine) the dealer markup seems not only common but apparently supported by customers (via sales). My friend was looking to buy a Raptor, was at the dealership ready to trade in his Alfa, and they were asking $15k over sticker for the Raptor. He flat out refused to pay that, and they wiggled a little to bring the markup down to $6k over but he refused, willing to pay MSRP (as opposed to % over invoice). Their retort was that Raptor demand was so high they went through their allocation months back and were now selling ones purchased from other dealers in lower-demand markets that they had to buy at MSRP themselves (lying? a salesman's lips were moving). Anyway, cut to the chase and we walked out and he let us...with 12+ Raptors sitting on their lot.
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Palantirion (04-14-2018)
04-14-2018, 07:59 PM
#13
Burning Brakes
Thread Starter
Thanks guys. I just got back from one dealer. Their Internet Specialist was nice and spent time working up my order even though they don't have any more allocations yet. On the way out I asked him about markup and he said he thought it was $5k as that was what they had on their ZL1, but was corrected by some higher-up that it was $20. To which I told them no way in hell, especially since every current owner I've talked to payed MSRP. He told me that it's supply and demand and that demand is high right now. Which it must be. So he's got my info and said he would call if/when allocation came up, understanding that he's wasting his time if he doesn't deal. So we will see if that call ever comes.
Early next week I'll be going to a less well known dealer, one that sells more run-of-the-mill Chevys. This one told me that they did have 1 allocation, and no one else on the list, so I'm first. Their sales manager that day mentioned $20k, but we will see if they really want to sell the car.
I am a sniper mentality - very, very patient, but also very picky. I want exactly the ZR1 I have spec'd or none at all. In this context, and knowing that I live in an area rife with supercar sales and lots of cash flow, how realistic is it that I can wait out the initial rush and pay MSRP later on - or will the chance to option my own ZR1 pass?
Also, I would be paying via wire transfer, not financing. Does this help or hurt me in negotiations? To be blunt I wouldn't even mind putting down a huge deposit if that meant getting a better deal. I'm an investor and I don't mind losing potential capital gain for a few months at this time in the market. Would an idea like $50k (or more) up-front motivate a dealer to drop their $total? I'm sure it would help their cash flow issues.
Early next week I'll be going to a less well known dealer, one that sells more run-of-the-mill Chevys. This one told me that they did have 1 allocation, and no one else on the list, so I'm first. Their sales manager that day mentioned $20k, but we will see if they really want to sell the car.
I am a sniper mentality - very, very patient, but also very picky. I want exactly the ZR1 I have spec'd or none at all. In this context, and knowing that I live in an area rife with supercar sales and lots of cash flow, how realistic is it that I can wait out the initial rush and pay MSRP later on - or will the chance to option my own ZR1 pass?
Also, I would be paying via wire transfer, not financing. Does this help or hurt me in negotiations? To be blunt I wouldn't even mind putting down a huge deposit if that meant getting a better deal. I'm an investor and I don't mind losing potential capital gain for a few months at this time in the market. Would an idea like $50k (or more) up-front motivate a dealer to drop their $total? I'm sure it would help their cash flow issues.
Last edited by Palantirion; 04-14-2018 at 08:03 PM.
04-14-2018, 08:05 PM
#14
Why don't you order from one of our forum dealers here? I'm sure you can get MSRP and go pick it up or have it transported.
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Palantirion (04-14-2018)
04-14-2018, 08:11 PM
#15
Burning Brakes
Thread Starter
04-14-2018, 08:19 PM
#16
Scroll down to the C7 dealer inventory. Reach out to as many as it takes to find an allocation. They will make you a great deal. I didn't buy my Z06 from them because I found what I was looking for at a dealer in ILLINOIS. It's still cheaper to pay transport costs than paying 5k to a ridiculous 20k over. Also the dealers here are known for excellent service throughout the process.
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Palantirion (04-14-2018)
04-14-2018, 08:51 PM
#17
Burning Brakes
Thread Starter
Scroll down to the C7 dealer inventory. Reach out to as many as it takes to find an allocation. They will make you a great deal. I didn't buy my Z06 from them because I found what I was looking for at a dealer in ILLINOIS. It's still cheaper to pay transport costs than paying 5k to a ridiculous 20k over. Also the dealers here are known for excellent service throughout the process.
04-15-2018, 12:56 AM
#18
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If you are in CA, make sure you either get a courteous delivery (Shipped to a local CA dealer) so the DMV paperwork can be done and make sure it has CA emissions code.
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Palantirion (04-15-2018)
04-15-2018, 01:00 AM
#19
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Palantirion (04-15-2018)
04-15-2018, 01:34 AM
#20
Burning Brakes
Thread Starter
