Upcoming Allocation Available
Thread Starter
Advanced
Joined: Sep 2022
Posts: 61
Likes: 53
From: Trempealeau, WI
Upcoming Allocation Available
Looking for thoughts on my situation.
I have been on a list with my local dealer since June of 2021. I am next up to order and they just received on Monday the car ahead of me so he believe he will get his next allocation for me in the next 30 days (it's a smaller local dealer that typically get his allocation as he delivers them).
Well, I happened to make a ton of hail mary calls on Monday and found a dealer that had an allocation for my order and he was able to place it yesterday and I'm at event code 2000. I couldn't pass it up to get my order in!
Now, my question is, do I find someone that wants to order now and just place their order and sell them the car with a slight markup of say 2-3K since it'll get to them faster or do I just let the next person in line go?
What would you do?
I have been on a list with my local dealer since June of 2021. I am next up to order and they just received on Monday the car ahead of me so he believe he will get his next allocation for me in the next 30 days (it's a smaller local dealer that typically get his allocation as he delivers them).
Well, I happened to make a ton of hail mary calls on Monday and found a dealer that had an allocation for my order and he was able to place it yesterday and I'm at event code 2000. I couldn't pass it up to get my order in!
Now, my question is, do I find someone that wants to order now and just place their order and sell them the car with a slight markup of say 2-3K since it'll get to them faster or do I just let the next person in line go?
What would you do?
Drifting
Joined: Apr 2021
Posts: 1,911
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From: Chicago-ish
Let the next person in line go. Your spot isn't inherently worth anything. I passed up on 4 allocations from small dealers that I called around to while waiting on other big lists because being a 0 value flipper doesn't interest me. Would rather do a flip off a bridge if I was that kind of person.
Thread Starter
Advanced
Joined: Sep 2022
Posts: 61
Likes: 53
From: Trempealeau, WI
Not trying to be a jerk at all. I think the consensus in the Vette community is let it pass. I'm not interested in flipping a car. Just didn't know if people did this type of thing.
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Just give up the allocation so some other Corvette lover can get their car.
Le Mans Master
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From: Charles Town WV
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It's a free market, if you have the means to and you think you can make a profit its your right to keep the allocation, buy both cars, and flip one. That being said its also a cooling market so your profit margin will be much lower than it would have been a few months ago. I personally dont let the opinions of strangers on the internet determine my own values/fiances... What I would ask myself is to the time you pay taxes and dealer fees is their enough meat left on the bone to make it worth your while. Honestly probably not at this point in time but again, make the decision that makes the most sense to you. A Corvette is a luxury item, its not like your taking food out of someones mouth or raising the price on a hotel room for someone trying to escape a storm...
Last edited by StayinStock; Oct 28, 2022 at 11:28 AM.
Le Mans Master
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From: Rural NW Georgia. GO DAWGS!
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I had deposits down last year at MacMulkin, Ciocca, and Rick Hendrick in Duluth, GA. MacMulkin announced their change in courtesy deliveries so I got my deposit back from them. I kept the deposit at Ciocca (just in case something went wrong) because Hendrick had gotten me an allocation and I picked up my C8 from them five months after my initial deposit.
I was in the same situation as you but it was last September when the market was better. Ciocca called me the same week that I picked up my C8 from Hendrick and told me they had my allocation. I thought about it for about ten seconds before I told them I had a car and wanted them to send my deposit back. I really didn’t want to fool with selling a C8 even though I could have made a nice profit on it. Your call!
I was in the same situation as you but it was last September when the market was better. Ciocca called me the same week that I picked up my C8 from Hendrick and told me they had my allocation. I thought about it for about ten seconds before I told them I had a car and wanted them to send my deposit back. I really didn’t want to fool with selling a C8 even though I could have made a nice profit on it. Your call!
Burning Brakes
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From: Houston, TX
Le Mans Master
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From: Rural NW Georgia. GO DAWGS!
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Melting Slicks
Joined: Aug 2022
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What a waste of effort to net a couple of grand at best. It would actually be hilarious if OP would try this and the car has some terrible mechanical issue that takes ages to resolve, it gets hit in the dealer parking lot so there is an insurance claim on it. That, along with skyrocketing interest rates and some ugly color combo spec'd by the prospective buyer that has now backed out make it impossible for him to sell.
It is hilarious to see people jump all over dealers for markups when they all want to do the same thing. At least the dealer has a physical building with service bays and overhead. They provide some level of 'service'. This guy is just trying to make a quick buck with no intention of ever offering anything to anyone at any time.
It is hilarious to see people jump all over dealers for markups when they all want to do the same thing. At least the dealer has a physical building with service bays and overhead. They provide some level of 'service'. This guy is just trying to make a quick buck with no intention of ever offering anything to anyone at any time.