Allocation observation
Thread Starter
Race Director
Joined: Apr 2005
Posts: 10,179
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From: Wesley Chapel, FL Las Vegas, NV
Allocation observation
I know many people have multiple allocation slots, as many as 5 or 6.
IMHO these guys are speculating and hoping to flip for a profit.
Well it appears GM has nixed their plan by not allowing them to sell, transfer, give away etc. As I understand the car may be purchased only by the individual named in the allocation.
Obviously these speculators are not going to actually buy all the Vettes they have dibs on.
I also believe GM, like they did with the C7, will flood the dealers with them once they start rolling. The dealers will not be able price gouge by adding dealer mark ups.
Bottom line is I think there will be a lot of C8s available sooner then later.
Thoughts?
IMHO these guys are speculating and hoping to flip for a profit.
Well it appears GM has nixed their plan by not allowing them to sell, transfer, give away etc. As I understand the car may be purchased only by the individual named in the allocation.
Obviously these speculators are not going to actually buy all the Vettes they have dibs on.
I also believe GM, like they did with the C7, will flood the dealers with them once they start rolling. The dealers will not be able price gouge by adding dealer mark ups.
Bottom line is I think there will be a lot of C8s available sooner then later.
Thoughts?
Last edited by Vega$Vette; Jan 17, 2020 at 09:12 AM.
Popular Reply
Jan 23, 2020, 04:56 PM
Racer
Joined: Mar 2016
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2020 C8 of the Year Finalist - Unmodified
If you don't make enough then sure it would be dumb to pay retail or a markup.
Fortunately for me that's not a factor: I've made enough where I don't remotely have to sweat a few grand and my time is way more valuable.
AKA for me - waiting year or two to save a couple thousand is stupid. For me that couple thousand means next to nothing. The year of calendar ticking means far more.
But that doesn't make what someone else chooses stupid.
Not everyone operates from the same equation. Do what's right for you. Don't project.
Fortunately for me that's not a factor: I've made enough where I don't remotely have to sweat a few grand and my time is way more valuable.
AKA for me - waiting year or two to save a couple thousand is stupid. For me that couple thousand means next to nothing. The year of calendar ticking means far more.
But that doesn't make what someone else chooses stupid.
Not everyone operates from the same equation. Do what's right for you. Don't project.
Le Mans Master
Joined: Feb 2007
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From: Oviedo Florida
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Those that must have the newest right now are
lucky the dealers are not charging above MSRP.
I am sure many would pay the higher price.
Like many new products once the product hits
the shelf (lot) the price will go down. Some are
impulsive shoppers others use their heads.
Esp. when buying a car (see,drive,ask questions)
lucky the dealers are not charging above MSRP.
I am sure many would pay the higher price.
Like many new products once the product hits
the shelf (lot) the price will go down. Some are
impulsive shoppers others use their heads.
Esp. when buying a car (see,drive,ask questions)
Burning Brakes
Joined: Aug 2019
Posts: 1,227
Likes: 861
From: Philadelphia Suburbs
Those that must have the newest right now are
lucky the dealers are not charging above MSRP.
I am sure many would pay the higher price.
Like many new products once the product hits
the shelf (lot) the price will go down. Some are
impulsive shoppers others use their heads.
Esp. when buying a car (see,drive,ask questions)
lucky the dealers are not charging above MSRP.
I am sure many would pay the higher price.
Like many new products once the product hits
the shelf (lot) the price will go down. Some are
impulsive shoppers others use their heads.
Esp. when buying a car (see,drive,ask questions)
Thread Starter
Race Director
Joined: Apr 2005
Posts: 10,179
Likes: 2,306
From: Wesley Chapel, FL Las Vegas, NV
Those that must have the newest right now are
lucky the dealers are not charging above MSRP.
I am sure many would pay the higher price.
Like many new products once the product hits
the shelf (lot) the price will go down. Some are
impulsive shoppers others use their heads.
Esp. when buying a car (see,drive,ask questions)
lucky the dealers are not charging above MSRP.
I am sure many would pay the higher price.
Like many new products once the product hits
the shelf (lot) the price will go down. Some are
impulsive shoppers others use their heads.
Esp. when buying a car (see,drive,ask questions)
The rest of my post I believe the buyers with multiple allocation reservations (that they can not sell or transfer) are ultimately going back to the dealers which will result in available inventory sooner then later.
Not a genius for waiting just IMHO the smart thing to do. I have friends that did the premium purchase on C6 ZR1s that were buried when they wanted to go with a new C7. 3 or 4 months after you pop extra for the newest kid on the block syndrome nobody know but you.
Le Mans Master
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From: Oviedo Florida
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Racer
Joined: Mar 2016
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2020 C8 of the Year Finalist - Unmodified
Just because some pre-order something doesn't make them stupid, nor impulsive.
Just capable of doing so.
Remember some people have been waiting for decades for a mid engine Corvette.
For some, time is far more valuable than money.
And yes I believe there will be C8 vettes for sale on dealer lots at ~MSRP by Christmas time. But not likely before then, excepting the odd car here or there one may stumble upon.
If you're willing to wait and buy from dealer stock, good on ya. Just don't assume that makes you smarter. You're just lining up with your own personal priorities and capabilities. Like everyone.
Just capable of doing so.
Remember some people have been waiting for decades for a mid engine Corvette.
For some, time is far more valuable than money.
And yes I believe there will be C8 vettes for sale on dealer lots at ~MSRP by Christmas time. But not likely before then, excepting the odd car here or there one may stumble upon.
If you're willing to wait and buy from dealer stock, good on ya. Just don't assume that makes you smarter. You're just lining up with your own personal priorities and capabilities. Like everyone.
Premium Supporting Dealership
Joined: Oct 2016
Posts: 1,162
Likes: 139
From: Detroit, Michigan
To be quite honest, I've added so many people in the last 3 months that I don't think that many will be on lots as stock units. GM is putting an emphasis on Sold Retail units so those who lie about having SRE units may get penalized later. GM is doing a nice job of prioritizing customers who are buying over retail stock units.
Just my 2 cents on the issue. Having an order in with a dealer not charging over is the best way to get a deal on a great car sooner than later.
Just my 2 cents on the issue. Having an order in with a dealer not charging over is the best way to get a deal on a great car sooner than later.
Last edited by @MatickChevy; Jan 22, 2020 at 11:02 AM.
Le Mans Master
Joined: Feb 2007
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From: Oviedo Florida
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Just because some pre-order something doesn't make them stupid, nor impulsive.
Just capable of doing so.
Remember some people have been waiting for decades for a mid engine Corvette.
For some, time is far more valuable than money.
And yes I believe there will be C8 vettes for sale on dealer lots at ~MSRP by Christmas time. But not likely before then, excepting the odd car here or there one may stumble upon.
If you're willing to wait and buy from dealer stock, good on ya. Just don't assume that makes you smarter. You're just lining up with your own personal priorities and capabilities. Like everyone.
Just capable of doing so.
Remember some people have been waiting for decades for a mid engine Corvette.
For some, time is far more valuable than money.
And yes I believe there will be C8 vettes for sale on dealer lots at ~MSRP by Christmas time. But not likely before then, excepting the odd car here or there one may stumble upon.
If you're willing to wait and buy from dealer stock, good on ya. Just don't assume that makes you smarter. You're just lining up with your own personal priorities and capabilities. Like everyone.
I don't .
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Racer
Joined: Mar 2016
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If you don't make enough then sure it would be dumb to pay retail or a markup.
Fortunately for me that's not a factor: I've made enough where I don't remotely have to sweat a few grand and my time is way more valuable.
AKA for me - waiting year or two to save a couple thousand is stupid. For me that couple thousand means next to nothing. The year of calendar ticking means far more.
But that doesn't make what someone else chooses stupid.
Not everyone operates from the same equation. Do what's right for you. Don't project.
Fortunately for me that's not a factor: I've made enough where I don't remotely have to sweat a few grand and my time is way more valuable.
AKA for me - waiting year or two to save a couple thousand is stupid. For me that couple thousand means next to nothing. The year of calendar ticking means far more.
But that doesn't make what someone else chooses stupid.
Not everyone operates from the same equation. Do what's right for you. Don't project.
Le Mans Master
Joined: Feb 2007
Posts: 9,290
Likes: 1,522
From: Oviedo Florida
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If you don't make enough then sure it would be dumb to pay retail or a markup.
Fortunately for me that's not a factor: I've made enough where I don't remotely have to sweat a few grand and my time is way more valuable.
AKA for me - waiting year or two to save a couple thousand is stupid. For me that couple thousand means next to nothing. The year of calendar ticking means far more.
But that doesn't make what someone else chooses stupid.
Not everyone operates from the same equation. Do what's right for you. Don't project.
Fortunately for me that's not a factor: I've made enough where I don't remotely have to sweat a few grand and my time is way more valuable.
AKA for me - waiting year or two to save a couple thousand is stupid. For me that couple thousand means next to nothing. The year of calendar ticking means far more.
But that doesn't make what someone else chooses stupid.
Not everyone operates from the same equation. Do what's right for you. Don't project.
like a millionair or not.
Burning Brakes
Joined: Aug 2019
Posts: 1,227
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From: Philadelphia Suburbs
What a ridiculous train of thought. Does not take into account the value of one's time or magnitude of one's desire. This is the mindset of a depression era person or an excessively cheap one.
Pro
Joined: Jan 2015
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Actually sounds like someone who is financially responsible. I am all for buying something like a Corvette but only if it is well within your means. Meaning you can buy it in cash without hurting your retirement plans and without having to finance it and pay interest on an already fast depreciating asset. Of course buy what makes you happy but be financially responsible about it.
Burning Brakes
Joined: Aug 2019
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From: Philadelphia Suburbs
Actually sounds like someone who is financially responsible. I am all for buying something like a Corvette but only if it is well within your means. Meaning you can buy it in cash without hurting your retirement plans and without having to finance it and pay interest on an already fast depreciating asset. Of course buy what makes you happy but be financially responsible about it.
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MSRP is just a number. Is paying $20k under MSRP for a Porsche, totaling $180k smarter or more financially responsible than paying MSRP for a Vette at $90K? Maybe, maybe not. I would suggest it's smarter to pay $90k less for the Vette. Everyone's situation is different. No right or wrong answer on this one.
Pro
Joined: Jan 2015
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MSRP is just a number. Is paying $20k under MSRP for a Porsche, totaling $180k smarter or more financially responsible than paying MSRP for a Vette at $90K? Maybe, maybe not. I would suggest it's smarter to pay $90k less for the Vette. Everyone's situation is different. No right or wrong answer on this one.
Le Mans Master
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From: Oviedo Florida
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Le Mans Master
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He is not talking about being financially responsible. That is a given that hardly needs to be debated. He is talking about paying MSRP vs. under MSRP. If you go down that road, then paying $500 under MSRP is stupid compared to paying $1,000 under MSRP, and on and on. Ridiculous.
before any purchase. But , you have a valid point by you
paying MSRP or more and establishing the price point. It
ensures the rest of the depression era and lower class's,
the opportunity to negociate a fair price between the buyer
and the dealer.
Thanks
Racer
Joined: Oct 2002
Posts: 351
Likes: 169
From: Overland Park KS
Its not what you pay but what you pay to actually own the car when you sell it. Someone who pays $5k under MSRP but only drives the car 10,000 miles before they sell it may fare much worse than someone who drove it 40,000 miles and got almost the same amount at trade/private sale. I prefer to base buying decisions on $'s per mile spent versus the actual price paid. That's why I waited and bought one of the last ZR1's.
Racer
Joined: Mar 2016
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Once again, considering cash outlay as the only metric is being simplistic. Opportunity cost of time lost. Joy factor. Etc.
But remember - time is a commodity that is never refundable. Cash is fungible and renewable. Time is neither.
Assuming one's personal valuation of time vs cash and their personal finance stance is the same as everyone else's is just as near sighted as assuming cash is the only commodity in play.
But whatever makes you feel better about buying the car you want, think that and enjoy your purchase. Just don't pretend your situation applies to others, or try to play sour grapes on others because they're not constrained by your constraints.
Just enjoy your damn car. Geesh.
But remember - time is a commodity that is never refundable. Cash is fungible and renewable. Time is neither.
Assuming one's personal valuation of time vs cash and their personal finance stance is the same as everyone else's is just as near sighted as assuming cash is the only commodity in play.
But whatever makes you feel better about buying the car you want, think that and enjoy your purchase. Just don't pretend your situation applies to others, or try to play sour grapes on others because they're not constrained by your constraints.
Just enjoy your damn car. Geesh.
Last edited by Hillslam; Jan 26, 2020 at 08:36 PM.
Racer
Joined: Jul 2019
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BINGO! just ask Kobe...or any of the 8 other folks in that helo. Live joyfully today, not saving for "some day" as that day may never come.