To me this reads like a Troll. All caps (yelling), attacking pretty much everyone here as nobody gets a C8 under MSRP, pushing monetary savings as a be all end all among car enthusiasts.

I will pay MSRP for a C8, because I don't want to wait several years for a 5k discount on an 80k car, and because the enjoyment the forgoing of said 5k savings and driving the C8 instead is worth it to me.

20k over is too rich for my blood, but if someone wants to skip the line and will enjoy the car enough to make it worthwhile, why not?

If you want to save money, buy a used Prius.

 

if GM raises the price by 10 or 20k, would everyone be a fool to buy it? Or if they raised the MSRP by 20k and dealers were "discounting" 5k, would you feel better?

 

Interesting when someone post a topic for debate, there is always the guy who pulls out the trolling word. This is the guy.

 

You could wait until the end of the model run to find out what every one has enjoyed for ten years when the C9 is out. I'm sure there is a nice used C6 with your name on it out there. That's the way life goes pay to play.

 

Maybe these folks are helping some dealers stay profitable because anything over MSRP is pure profit. I doubt it's being shared with sales personnel.

 

Perhaps for you maybe, I've made money on just about every Corvette I've ever owned including my 4 year old C7 Grandsport I purchased new and just sold a few days ago.

 

Some people have a lot more money than you. (Not me.)

 

Paying MSRP versus not paying more than MSRP versus whatever amount is just psychological, it really doesn’t matter. MSRP is just an estimate on the expected price. New cars are so tied to MSRP that it’s not as readily apparent. Easier to see with used cars, doesn’t matter what NADA, KBB, or anything else says. It comes down to what is someone willing to and can afford to pay. That also plays into why some goods are priced differently based on geographic location.

 

It’s a world few if us can understand including me. I took a retirement gig at a super rich community. The disposable income these folks have is incredible! I see it all the time and still cannot digest it. We are very blessed, have money but wife still clips coupons.

I see folks coming into the community with tons of Mercedes, bmws and most popular range rovers. I’m sure they are not worried about depreciation.

Some folks want it, have the money, lot of money and like to spend it.

 

They value the time in the car more than the additional money they will spend. Imagine you just invested 60,000 on the day you wanted the car, and 2 weeks latter your investment had sky rocketed because you bought a penny stock at $0.25 and it has now rocketed to $3.00 would you care to pay $30k over to avoid a 18 month wait? I wouldn't. Now imagine in that same time period you had been diagnosed with terminal cancer with 12 months to live. Would you wait and hope the car shows up before you die? Or would you spend the $30k over (without hurting your heirs)? Imagine you had decide to spend up to $2.5M on a sports car, and a friend let you drive their new C8 and you had never expected to like it, and you did. Would you have heartburn over dropping $120k on a Corvette, while saving $2.5M by not buying some other car?

The simplest answer is they have the money and the want the car, right now, more than the money. Why does anyone care.

 

I never infer trolling just because someone opens a debate. What made me conclude you were trolling is that you used all caps to do that (rude, the internet version of yelling at others, mostly used by trolls) and that you are calling people who do not share your viewpoint stupid ("Do they not know that ...?", also a prime troll tactic). Maybe you really weren't trolling, but your initial post very much looked like a copy-paste of the standard troll thread starter.

I get it, you don't like to pay MSRP. I don't like to wait 5 years, so I do pay MSRP. I know the car is going to cost me money, and not just the few k I can save by waiting a few years. I don't buy it to be an investment. I know it will need tires, insurance, registration, fuel, repairs. TCO on a sports car is high. The few bucks you can save by waiting for years until demand normalizes are just a drop in the bucket.

I am sure that the vast majority of the people here does understand that and they know the cars will eventually depreciate, that $20k to get the car now is not an investment other than an investment, and that the C8 is mass produced. They just have made the decision to set their priorities different than you do, which does not mean they are stupid or wrong.

 

Back in early 2020 I really could understand the concept of time vs money to pay over sticker. But today we're heading into the third model year.. Anyone using the time vs money to justify paying over sticker this late in the game to me is just a plain stupid.idea.

 

Very well said. And, one persons time value may be very different than another's. Some people can charge over $1,000 per hour where another gets $20 per hour.

Exactly, traditionally people accumulate money by working hard and being smart with their money.

Yes, and obviously a majority of people consider the C8 to be an extraordinary value. I think that anyone that buys a Porsche is really stupid regardless of any discount they might have received. Or what about people that buy a Porsche Cayenne instead of a Volkswagen Touareg? Do they even realize that they are paying much more for the same car?

Agreed.

I listed mine at Christmas for 40K over with the "make offer" option. I did not want to lose my car "boom, gone", but I was OK with losing it and getting 50%. I did not get any offers and am basically happy to not have sold it.

Some of us that went through the whole allocation - wait game received unsolicited impromptu offers that we could not refuse. Maybe we didn't like our color choice as much as we thought we would, or wanted to change our option choices, etc... Knowing the purchasing process makes the decision to sell and reorder easier. How someone gets a C8 or what they pay is really immaterial. This car is different. It is an exceptionally engineered automobile that can be used as a daily driver without incurring ridiculous maintenance fees or excessive depreciation. I have waited for 50 years for it and am very glad it's here.

 

I recently rented one off Turo. I spoke with the owner and he stated that he paid 20k over MSRP. He rents it out at a minimum of $500 a day and he is partnered with other rental agencies which sometimes he gets much more than that. (Las Vegas area).
if you do some math and he rents it out say 20 days a month, the thing is paid for after year one and everything thereafter is profit. When he sells it it won’t be worth zero so deduct that from costs and he has a decent business going. I would never rent mine out but to some people it’s no big deal.

 

I have never seen a market like this and probably won't again in my lifetime. I currently have 3 vehicles. A 2020 C8, a 2019 4 runner and. a 2012 Boss 302.

I went on cars.com and Auto Trader and if I believe what they are asking for a similar C8 with 1300 miles I could get $20,000 over MSRP..

I then looked at 3 used C8's that the dealer who sold me my C8 from at MSRP and they are asking between $20,000 and $30,000 over MSRP. I believe they are paying way over MSRP for those cars. By the way their lot is almost empty of cars both new and used. They are desperately trying to buy cars.

So I go into Kelly Blue to see what my 4 Runner is worth. I paid $36,000, for it in 2019 and it's now worth $40000. I found that hard to believe, until I am contacted by 2 dealers wanting to buy it offering me over $40,000. So I go down to one of the dealers and find out their inventory is very limited also. The Offer is real!

So I find it ironic that dealers who have sold us cars
at MSRP are now paying over MSRP to get inventory.

Then reallty hits me. If I sell my truck for s profit or trade it, where do I find a replacement and at what price..

By the way my Boss Mustang is also worth about $6000 more, than what it was valued at this time last year. Crazy! My guess is that this will all change in the coming months.

 

I don't know what everyone else has said, but the answer is simple... because THEY CAN! Do you think this has never happened before?

 

Same thing is happening in Real Estate.

 

Some people make 30k dollars a day and to them it’s no big deal. One thing I’ve learned over the years is that there are many many people out there, more than you’d think, that are making crazy amounts of money every single day and spending 50k to them is like spending 50 dollars to everyone else. It keeps the economy moving so I don’t mind.

 

There are over 320 million people in the USA. The .001 percent that are paying over MSRP also represent a fraction of the people where $20k to $50k is a rounding error in their bank account. It’s like paying $2 for a candy bar that can be had for $1.50 at the supermarket. It’s a convenience fee to have it now vs waiting 8 to 12 months. I lose no sleep over people who may take a substantial loss in a year or two when these cars are on dealer lots and being discounted. They want it now and it’s simply a supply and demand issue.

 

So many? I know some have, but I’d bet the vast majority here have not paid over MSRP. I won’t…though as I continue to wait on mine, if a dealer had mine In stock 5 miles away for 5k over, I’d probably take it. But then again, I’ve waited this long…what’s another 4-6 months?