this site should ban all of the new flippers out there absolutely ruining the market

 

I personally don't like what the flippers are doing, but it is entrepreneurship in action - capitalism at its finest. Isn't wanting to ban them from the site a little excessive? I think they are taking advantage of the market that exists, not ruining the market. Just my $.02.

 

I mean I ordered my car 100% because I want it. But at the same time, if someone offers me 20K more, I’d just sell it and order another. I have more time than money I think the bigger issue is people ordering for the sole purpose of flipping.

but like the previous poster said, that’s capitalism. It’s annoying but it is what it is.

 

I got mine in December 2020. Texas reseller reached out to me and offered me 11k over what I paid,would come to Ohio and pick it up, zero effort on my part. I thought you can’t drive money, I don’t need 11k, I want the car. 6 months later I’m at a high end used car shop….guy offers me more. The car has 4500 miles on it and was last years model, base car 2lt. Just out of curiosity…I get on truecar. I clear 22500 on the sale to a Honda dealer, who adds 10k to it and sells it in 2 days. He told me he’d take 5k over so I think that’s the market last June. 2 weeks later I get another truecar offer for 2k more!

I made 31% more then I paid in 6 months, a 62% annual return.

My dealer gets an allocation in August, my 22 sb home by the end of this month.

I never bought the car to flip…..but there comes a point where I felt I needed to take advantage of a once in a lifetime opportunity.

It’s called freedom something that’s getting eroded everyday like calling for banning folks on a car forum.

 

It has nothing to do with the flipper its the buyer-you can post what ever price you want but its up to the buyer to either pay that price or wait till it lowers. Lets not forget what we are now setting our self up to by buying a car we have never even sat in or driven some time down the road cars will be sold and delivered to one facility and serviced there as well-no dealers.

 

How are "flippers" even ruining the market? Person 1 buys a car person 2 wants X amount okay done. Just like dealers getting cars in and adding a premium do you ban the dealers also? Theirs an old saying "the value of "Place anything here" is worth whats someone is willing to pay for it. Houses, cars, boats, shoes. The fact is someone "flipping" isn't doing any harm to anyone else, it's just giving someone else something they want. In the end, it actually makes YOUR car, house, boat etc more valubale. And most importantly it's free CAPITALISM.

 

Chevy dealer near me has same spec. C8 as mine for $108,800. approx. $30,000. more than what I paid/MSRP with 61miles on it, owned for 22 days and purchased at same dealership. Tempting but the money is not worth it to wait another 12 months to replace, besides the money in the bank would not put a smile on my face like driving this car does. Going to enjoy for awhile and see what the future brings.

 

Cool story bro. Since we are telling the mods who to ban, are there other legal activities you would like to restrict?

Also, when you say flippers are ruining the market…..are you suggesting that the 40000 2020 and 2021 C8 owners who are still original owners don’t appreciate the fact that GM made such a great car that it’s worth more than they paid? Because I don’t consider that a ruined market.

Are you still having a tough time getting your hands on one at MSRP? If so, you didn’t plan well. When I picked up my 2021 C8 from MacMulkin in March, (6 months ago) I thought I should put another deposit down on a ‘22 in case I wanted a new car in the driveway next year. Well, I just got the email from Shane. And that’s after they rolled all of the unallocated ‘21 orders in front of me. So according to you….(the ban police) you’re mad because you didn’t put your name on a forum dealer waitlist 6 months ago and now you would like if used C8s were worth $10-30,000 less than the market is demanding. And the root cause of this is the seller of the used C8.

I blame GM, BGA, the Corvette design team, Tadge and Zora. If it weren’t for those yahoos, we wouldn’t have the problem of our used C8s being worth so much. (Sarcasm included)

Save the wave my friend.

 

I will tell you what say something about one of your new members
and watch them restrict your freedon of speech then tell me
i am being unreasonabele this is a forum for enthusiasts
or am i wrong? Someone coming and offering you money for your car
isnt the same. Try to buy a new one right now and tell me the market isnt ruined.

 

People pay a premium so they don't have to wait a year.

Look at it this way. Would you pay $20,000 over MSRP? Probably not. But let's say the day after you pick it up someone offers you $20,000 premium and you don't sell it. You just paid $20,000 over MSRP. It didn't come out of your pocket but it is an opportunity cost. You could have sold it and then immediately order another one. But you didn't. Why? Because you didn't want to wait a year to receive another one. You wanted to drive it today. It's the same thinking by the people who pay a premium.



And no one is getting ripped off. A void in the market place is being filled by willing buyers and sellers.

 

If someone wants a C8 so bad they are willing to pay a substantial premium over MSRP to get one, more power to them. Flipping a car is not illegal and can’t say I blame someone for taking advantage of a market situation where a substantial profit can be made quickly. It will eventually settle down and if you don’t want to pay the flipper or ADM premium, get on a wait list at a dealer that sells at MSRP.

 

Call MacMulkin, put a deposit down, wait some time and pay MSRP. How is the market ruined? Not seeing your point, at all.

 

have a deposit down you bet your *** i get to wait longer for another genuis trying to make a quick buck
then main point was this forum was supposed to be for the hobby
not flippers/you dont need to see my point some will some wont

 

Chy-nuh

To date there is approximately a 36,000 car void that could have been filled if not for strikes and chynuh. I can’t say for certain that C8 demand would have been satiated if not for those things, but it certainly would not have been backlogged over a year.

 

There is no requirement that an "enthusiast" keep possession of a car for a minimum period of time or to NOT sell the car for more than they paid. Just because someone wants to try and sell their car for more than they paid for it, does not make them a non-enthusiast. Lots and lots and lots of people have decided they will pay "nearly-whatever" for the privilege of owning a C8 NOW. Dont be mad that you are not, or at least dont want to be, one of those people. As with most everything in life, if you wanna play, you gotta pay.

 

and if you think this furthers the hobby that is great but you are wrong

 

The market is not ruined. And it's not limited to C8's, have you driven by any dealer lots lately, and noticed just how many cars aren't on their lots? That wasn't caused by "C8 flippers", there has been a man-made world-wide virus wrecking havoc across the globe, and for many reasons, exposing just how fragile the supply chain for goods really is.

I agree with you that "flippers" are extremely frustrating, but there is a very easy way to get rid of them...don't buy their flip. There's plenty of dealers willing to sell at msrp, so just put your name on their lists, and beat the flipper to the punch. It's hard to flip thin air, so buy the product before they get their hands on it.

Flippers are not the problem.

 

Based on your use of the word 'enthusiast', let's ban everyone that doesn't opt for Z51. How can they be an enthusiast in the hobby if they don't track their cars?

Let's also ban people that get their cars ceramic coated instead of doing it themselves. Surely they aren't furthering the hobby by paying someone to coat their car.

Let's also ban people that use CarPlay. That doesn't help the hobby. You should use a paper map and send letters to friends, not texts.

 

that is hardly the same i have bought restored and sold far more cars then most ever owned
there is a venue for everything i am saying this isnt it.But Ken your
comments arent relevant to it at all

 

lol, yep gotta watch those flippers.