Who has put down a deposit?
04-06-2018, 09:23 AM
#141
Burning Brakes
Thread Starter
Tesla seems to selling an awful lot of it.
According to its latest earnings report, Tesla holds $616 million in customer deposits. Most of that money comes from Model 3 reservation holders.
Last edited by Bikerjulio; 04-06-2018 at 09:25 AM.
04-06-2018, 10:44 AM
#142
Melting Slicks
Well, snake oil or not, some of the bigger dealers are taking deposits to get in line for the first allocation. And customers are happy to do it. $1000 is not that much on a $xx,xxx car with no "market adjustment" fee. The alternative is to wait until all those cars with deposits are sold which could be months.
So, how does your dealership handle customers who want to be the first to buy the new Supra? Is there a "market" adjustment added and if the 1st in line says "no", they call the 2nd in line to see if they will pay the "market adjustment" fee? I've heard of that has happened.
The other important point is when it comes time to order, the buy can choose the options they want and the factory builds it that way. Is that the case for the Supra or does the factory build cars with various options & colors and put them on the boat?
So, how does your dealership handle customers who want to be the first to buy the new Supra? Is there a "market" adjustment added and if the 1st in line says "no", they call the 2nd in line to see if they will pay the "market adjustment" fee? I've heard of that has happened.
The other important point is when it comes time to order, the buy can choose the options they want and the factory builds it that way. Is that the case for the Supra or does the factory build cars with various options & colors and put them on the boat?
04-06-2018, 12:13 PM
#143
Team Owner
Well, snake oil or not, some of the bigger dealers are taking deposits to get in line for the first allocation. And customers are happy to do it. $1000 is not that much on a $xx,xxx car with no "market adjustment" fee. The alternative is to wait until all those cars with deposits are sold which could be months.
So, how does your dealership handle customers who want to be the first to buy the new Supra? Is there a "market" adjustment added and if the 1st in line says "no", they call the 2nd in line to see if they will pay the "market adjustment" fee? I've heard of that has happened.
The other important point is when it comes time to order, the buy can choose the options they want and the factory builds it that way. Is that the case for the Supra or does the factory build cars with various options & colors and put them on the boat?
So, how does your dealership handle customers who want to be the first to buy the new Supra? Is there a "market" adjustment added and if the 1st in line says "no", they call the 2nd in line to see if they will pay the "market adjustment" fee? I've heard of that has happened.
The other important point is when it comes time to order, the buy can choose the options they want and the factory builds it that way. Is that the case for the Supra or does the factory build cars with various options & colors and put them on the boat?
If the delivery is two years from when I place the deposit with my dealer, it will only cost me $8 to ensure that I'm one of those that will take delivery early on.
So if the agreed price of the car is $100,000 with my dealer, it will actually cost me $100,008. One $8 lunch that I can afford to miss so I can get my new car before my neighbor does, because he didn't want to spend the extra $8.
When the car is finally revealed next year, and I decide I don't want it, I get my $1,000 back from my dealer, and all I would lose is $4 in interest that I would have made if I had left the $1,000 in my checking account for that year.
Why are people arguing about spending $8 over a two year period for a car?
Last edited by JoesC5; 04-06-2018 at 12:20 PM.
04-06-2018, 12:16 PM
#144
Safety Car
I have several times placed a deposit for a Corvette that “yet did not exist,” and each time I got exactly what I wanted, e.g. total honesty and integrity from a top forum dealer, and got my car the first week of manufacture.
Do I place my deposit with a shyster dealer? Of course not. I do my due diligence. Those who spend time on the top two Corvette forums, know whom to trust and who to ignore.
Do I place my deposit with a shyster dealer? Of course not. I do my due diligence. Those who spend time on the top two Corvette forums, know whom to trust and who to ignore.
04-06-2018, 12:29 PM
#145
Team Owner
I have several times placed a deposit for a Corvette that “yet did not exist,” and each time I got exactly what I wanted, e.g. total honesty and integrity from a top forum dealer, and got my car the first week of manufacture.
Do I place my deposit with a shyster dealer? Of course not. I do my due diligence. Those who spend time on the top two Corvette forums, know whom to trust and who to ignore.
Do I place my deposit with a shyster dealer? Of course not. I do my due diligence. Those who spend time on the top two Corvette forums, know whom to trust and who to ignore.
But, if I were pretty sure that I want a mid engine car, and just have to have one of the first ones built, I would have no problem placing a $1,000 deposit to get my *** in line for one.
BUT, I'm a little more conservative(actually very butt shy) about any car that is 100% new from the ground up and I'm not fixing to buy one of the first cars off the assembly line. I'll wait until there are some field reports back on the car. I've been down that road before(buying unproven new technology) and got bitten in the butt bad.
04-06-2018, 01:36 PM
#146
Safety Car
Joe,
Lots of wisdom in your post. The 2015 Z06 had 750 new parts. If so, guessing we are looking around 2,000+ new parts for the ME.
As I shared with a top Corvette team member at the BASH, as we were alone in the NCM Conference room early, early its first morning in 2013, as we were standing next to the two new C7’s, here’s the conversation that occurred:
GM Corvette person: “Do you like it?”
My response: “I love it; saw it at the reveal and absolutely getting one.”
GM person: “Do you have a deposit down?”
My response: “No, waiting for year two — for I always buy a year two of a new generation. I assume the team has gotten 99+% of its parts right, but that still leaves some that needed ‘second year help’, so I will wait until year two. I have more faith in the Corvette team to further refine things over the next year, than I wish to make first-year, warranty visits to my dealership for those remaining few items.”
GM person: First looking around the room to again confirm he and I were the only ones in that room..., “you have a point there, and we know we still sell out of first year production. However, glad you will be getting a second year!”
*****
However, if the first year comes with its “maybe’ 550 HP/627 TQ, my having thrived from open heart surgery and like many, having lost friends due to medical and other reasons, I know life is short, and thus might go “reason be damned,” and for the first time ever, get a first year of a new gen.
Lots of wisdom in your post. The 2015 Z06 had 750 new parts. If so, guessing we are looking around 2,000+ new parts for the ME.
As I shared with a top Corvette team member at the BASH, as we were alone in the NCM Conference room early, early its first morning in 2013, as we were standing next to the two new C7’s, here’s the conversation that occurred:
GM Corvette person: “Do you like it?”
My response: “I love it; saw it at the reveal and absolutely getting one.”
GM person: “Do you have a deposit down?”
My response: “No, waiting for year two — for I always buy a year two of a new generation. I assume the team has gotten 99+% of its parts right, but that still leaves some that needed ‘second year help’, so I will wait until year two. I have more faith in the Corvette team to further refine things over the next year, than I wish to make first-year, warranty visits to my dealership for those remaining few items.”
GM person: First looking around the room to again confirm he and I were the only ones in that room..., “you have a point there, and we know we still sell out of first year production. However, glad you will be getting a second year!”
*****
However, if the first year comes with its “maybe’ 550 HP/627 TQ, my having thrived from open heart surgery and like many, having lost friends due to medical and other reasons, I know life is short, and thus might go “reason be damned,” and for the first time ever, get a first year of a new gen.
Last edited by elegant; 04-06-2018 at 01:38 PM.
04-06-2018, 01:53 PM
#147
Team Owner
Joe,
Lots of wisdom in your post. The 2015 Z06 had 750 new parts. If so, guessing we are looking around 2,000+ new parts for the ME.
As I shared with a top Corvette team member at the BASH, as we were alone in the NCM Conference room early, early its first morning in 2013, as we were standing next to the two new C7’s, here’s the conversation that occurred:
GM Corvette person: “Do you like it?”
My response: “I love it; saw it at the reveal and absolutely getting one.”
GM person: “Do you have a deposit down?”
My response: “No, waiting for year two — for I always buy a year two of a new generation. I assume the team has gotten 99+% of its parts right, but that still leaves some that needed ‘second year help’, so I will wait until year two. I have more faith in the Corvette team to further refine things over the next year, than I wish to make first-year, warranty visits to my dealership for those remaining few items.”
GM person: First looking around the room to again confirm he and I were the only ones in that room..., “you have a point there, and we know we still sell out of first year production. However, glad you will be getting a second year!”
*****
However, if the first year comes with its “maybe’ 550 HP/627 TQ, my having thrived from open heart surgery and like many, having lost friends due to medical and other reasons, I know life is short, and thus might go “reason be damned,” and for the first time ever, get a first year of a new gen.
Lots of wisdom in your post. The 2015 Z06 had 750 new parts. If so, guessing we are looking around 2,000+ new parts for the ME.
As I shared with a top Corvette team member at the BASH, as we were alone in the NCM Conference room early, early its first morning in 2013, as we were standing next to the two new C7’s, here’s the conversation that occurred:
GM Corvette person: “Do you like it?”
My response: “I love it; saw it at the reveal and absolutely getting one.”
GM person: “Do you have a deposit down?”
My response: “No, waiting for year two — for I always buy a year two of a new generation. I assume the team has gotten 99+% of its parts right, but that still leaves some that needed ‘second year help’, so I will wait until year two. I have more faith in the Corvette team to further refine things over the next year, than I wish to make first-year, warranty visits to my dealership for those remaining few items.”
GM person: First looking around the room to again confirm he and I were the only ones in that room..., “you have a point there, and we know we still sell out of first year production. However, glad you will be getting a second year!”
*****
However, if the first year comes with its “maybe’ 550 HP/627 TQ, my having thrived from open heart surgery and like many, having lost friends due to medical and other reasons, I know life is short, and thus might go “reason be damned,” and for the first time ever, get a first year of a new gen.
I too have seen a lot of my old high school classmates pass away as well as way too many of my Corvette buddies.
Monday I had a colonoscopy and I told the doc, that that's the last time he will doing it to me. No way I'll be around 10 years from now.
04-06-2018, 02:09 PM
#148
Safety Car
My heart surgery was 7 years ago, luckily never had a heart attack, right afterward lost and kept off 50 extra pounds, now eat right (instead of my old “cheeseburger and fries diet”), and after a decades long hiatus after playing college ball, now go to the gym at least five days a week.
I am planning, along with several others friends to do a Museum delivery on our 100th birthday, getting our new C12’s then, driving them across the country in our mini Corvette Caravan. All are invited to join us.
I am planning, along with several others friends to do a Museum delivery on our 100th birthday, getting our new C12’s then, driving them across the country in our mini Corvette Caravan. All are invited to join us.
Last edited by elegant; 04-06-2018 at 02:10 PM.
04-06-2018, 11:44 PM
#149
Banned Scam/Spammer
I talked to the dealer I'm with now and they were the same way. "Its not out yet why worry". I made it plain and simple.
1) Make a list
2) take deposits
3) MAKE MONEY OFF THOSE DEPOSITS(CD or money market)
4) Honor it
5) end up with happy long term customer and make money for the dealership. Use it for a party or whatever.
Last edited by lostsoul; 04-07-2018 at 09:56 AM.
04-08-2018, 03:42 PM
#150
Safety Car
According to a reliable source, who I can not ID,
04-08-2018, 04:50 PM
#151
Burning Brakes
Well, snake oil or not, some of the bigger dealers are taking deposits to get in line for the first allocation. And customers are happy to do it. $1000 is not that much on a $xx,xxx car with no "market adjustment" fee. The alternative is to wait until all those cars with deposits are sold which could be months.
So, how does your dealership handle customers who want to be the first to buy the new Supra? Is there a "market" adjustment added and if the 1st in line says "no", they call the 2nd in line to see if they will pay the "market adjustment" fee? I've heard of that has happened.
The other important point is when it comes time to order, the buy can choose the options they want and the factory builds it that way. Is that the case for the Supra or does the factory build cars with various options & colors and put them on the boat?
So, how does your dealership handle customers who want to be the first to buy the new Supra? Is there a "market" adjustment added and if the 1st in line says "no", they call the 2nd in line to see if they will pay the "market adjustment" fee? I've heard of that has happened.
The other important point is when it comes time to order, the buy can choose the options they want and the factory builds it that way. Is that the case for the Supra or does the factory build cars with various options & colors and put them on the boat?
Remember, "market adjustments" **** people off, so dealers get around it by ordering in cars with a LOT of frivolous, high margin options. Don't fall for this BS. Case in point: 3LT vs. 2LT packages. 2LT gets you 95% of the goodness of 3LT at half the price. Caveat Emptor applies.
04-08-2018, 05:24 PM
#152
Actually, I have owned Corvette's and have owned Ferrari's. The Ferrari company has both front engined cars(812) and mid-rear engined cars(488). This new mid engined Corvette will be a additional model that will supplement the C7 line(Stingray,GS,ZO6,ZR1) not replace it. The current C7 front engined Corvette will then be replaced by the C8 generation of front engined models. Bowling Green didn't double it's building size to one million square feet to stop building their cash cow front engined car. Both FE and ME will be built there and we will have most likely five models to choose from starting at the Stingray all the way up to the Mid engined Zora which GM has trademarked that name. I believe you can take that to the bank !!!
Last edited by supermetroid; 04-08-2018 at 05:25 PM.
04-08-2018, 11:24 PM
#153
Race Director
Ferrari does offer its top dog as a front engine rear wheel drive although it does have a v12 engine I believe..
I don't see the front engine corvette continuing alongside the rear mid engine but what the hell do any of us know.
I don't see the front engine corvette continuing alongside the rear mid engine but what the hell do any of us know.
04-09-2018, 01:48 PM
#154
Race Director
Member Since: Aug 1999
Location: Bluffton SC via Canton Oh
Posts: 11,358
Received 1,986 Likes
on
1,145 Posts
Here's my experience with the C7. I got lucky and stumbled into an order and discount in the C7 in 2013. Dave Gil Cheverolet in Columbus Ohio. Taked to the salesmanager in the spring, he had an allocation to get in and off we went. I asked how much deposit do you want and he said ZERO, we trust you! OK you dont know me but that works. I had just bought a 13GS from Coughlin and they wanted $2K to get on their C7 list.
So small dealers can treat you right.
I got the C7 in Oct 8 th about 3 weeks after the first car came off the line. I will say this, I am rather conservative but it was nothing short of incredible the reactions I got over the car. I could tell story after story. The wife actually got tired of us being stopped. I was leaving Columbus on the freeway and quickly discovered I had to be extra careful because so many others were driving unsafe just to get a picture of the car. When I showed up the dealer said the car was hidden out back because it attracted so many lookers and they did not want lookers at customers cars. Went for a test drive and I parked it out front. I was not even in the dealers storefront when folks pulled in to see it. Dealer had the saleman stand by it until I left.
When I got home wife and I went to the grocery; yea I do that. People were waiting for us when we came out.
Thats one thing you get with a brand new model sports car. I was not looking for it, did not expect it but actually really enjoyed it.
Lifes too short, enjoy every moment. The post above, waiting for 1st year bugs to be worked out, they are under warranty.
So small dealers can treat you right.
I got the C7 in Oct 8 th about 3 weeks after the first car came off the line. I will say this, I am rather conservative but it was nothing short of incredible the reactions I got over the car. I could tell story after story. The wife actually got tired of us being stopped. I was leaving Columbus on the freeway and quickly discovered I had to be extra careful because so many others were driving unsafe just to get a picture of the car. When I showed up the dealer said the car was hidden out back because it attracted so many lookers and they did not want lookers at customers cars. Went for a test drive and I parked it out front. I was not even in the dealers storefront when folks pulled in to see it. Dealer had the saleman stand by it until I left.
When I got home wife and I went to the grocery; yea I do that. People were waiting for us when we came out.
Thats one thing you get with a brand new model sports car. I was not looking for it, did not expect it but actually really enjoyed it.
Lifes too short, enjoy every moment. The post above, waiting for 1st year bugs to be worked out, they are under warranty.
04-25-2018, 04:56 PM
#157
I'll probably have to wait but I'm not giving a dealer a deposit or paying sticker. I'll just wait. I guess they'll make the ME for a while so I believe there will be one available when I'm ready. I'm ready now but just not gonna go crazy to get this car
04-25-2018, 05:00 PM
#158
This guarantee is based on what?
As to the rationale that the 1,000 sold orders were not able be delivered that first year solely because of Aug/Sept, 2013 production hold/rework campaign, while that is factually correct, there is always at least a two week, typically a four week quality control (QC) hold for a new generation. Can you guarantee that there will not be another QC hold this next generation when there has been one the last three generations?
If 40,500, 2013 C7’s were made, yet over 1,000+ sold orders were unable to be made that model year, and if there is now only 33,000 annual-unit-capacity and some good sized number of those 2020’s will be C7 SR/GS/Z06/ZR1’s — leaving say only 20,000 ME being produced during the model year, how can you guarantee the future?
What if there are 26,000 ME orders with capacity to only make 20,000 first year ME’s — especially if there are 13,000+ sold 2020 C7 order’s?
As to the rationale that the 1,000 sold orders were not able be delivered that first year solely because of Aug/Sept, 2013 production hold/rework campaign, while that is factually correct, there is always at least a two week, typically a four week quality control (QC) hold for a new generation. Can you guarantee that there will not be another QC hold this next generation when there has been one the last three generations?
If 40,500, 2013 C7’s were made, yet over 1,000+ sold orders were unable to be made that model year, and if there is now only 33,000 annual-unit-capacity and some good sized number of those 2020’s will be C7 SR/GS/Z06/ZR1’s — leaving say only 20,000 ME being produced during the model year, how can you guarantee the future?
What if there are 26,000 ME orders with capacity to only make 20,000 first year ME’s — especially if there are 13,000+ sold 2020 C7 order’s?
04-25-2018, 05:24 PM
#159
Safety Car
Those orders, if GM’s past practice is again followed, will be prioritized as first accepted, second-year ME orders (e.g., 2021 ME’s). [This is just as was done for the 1,100+, 2014 Stingray orders that GM was unable to produce that first year due to not enough production capacity.]
04-27-2018, 06:41 PM
#160
Here's my experience with the C7. I got lucky and stumbled into an order and discount in the C7 in 2013. Dave Gil Cheverolet in Columbus Ohio. Taked to the salesmanager in the spring, he had an allocation to get in and off we went. I asked how much deposit do you want and he said ZERO, we trust you! OK you dont know me but that works. I had just bought a 13GS from Coughlin and they wanted $2K to get on their C7 list.
So small dealers can treat you right.
I got the C7 in Oct 8 th about 3 weeks after the first car came off the line. I will say this, I am rather conservative but it was nothing short of incredible the reactions I got over the car. I could tell story after story. The wife actually got tired of us being stopped. I was leaving Columbus on the freeway and quickly discovered I had to be extra careful because so many others were driving unsafe just to get a picture of the car. When I showed up the dealer said the car was hidden out back because it attracted so many lookers and they did not want lookers at customers cars. Went for a test drive and I parked it out front. I was not even in the dealers storefront when folks pulled in to see it. Dealer had the saleman stand by it until I left.
When I got home wife and I went to the grocery; yea I do that. People were waiting for us when we came out.
Thats one thing you get with a brand new model sports car. I was not looking for it, did not expect it but actually really enjoyed it.
Lifes too short, enjoy every moment. The post above, waiting for 1st year bugs to be worked out, they are under warranty.
So small dealers can treat you right.
I got the C7 in Oct 8 th about 3 weeks after the first car came off the line. I will say this, I am rather conservative but it was nothing short of incredible the reactions I got over the car. I could tell story after story. The wife actually got tired of us being stopped. I was leaving Columbus on the freeway and quickly discovered I had to be extra careful because so many others were driving unsafe just to get a picture of the car. When I showed up the dealer said the car was hidden out back because it attracted so many lookers and they did not want lookers at customers cars. Went for a test drive and I parked it out front. I was not even in the dealers storefront when folks pulled in to see it. Dealer had the saleman stand by it until I left.
When I got home wife and I went to the grocery; yea I do that. People were waiting for us when we came out.
Thats one thing you get with a brand new model sports car. I was not looking for it, did not expect it but actually really enjoyed it.
Lifes too short, enjoy every moment. The post above, waiting for 1st year bugs to be worked out, they are under warranty.
My dealer didn't need a deposit, however I told him if I could have the 1st one he received I would put down a $5000 deposit. As stated by JoesC5, the loss of interest is minimal, plus I put it on my GM Card which gets me $250 earnings to use.