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Hi, I ordered a 70th anniversary c8 stingray in white for myself at msrp.
My cousin also ordered a 70th anniversary coupe with z51 in black at msrp. He has backed out of his order. Dealer told him, the car will be delivered around January. We haven't told our dealer yet about him backing out. I am seeing some c8 selling for msrp. So my question is this, would it be worth it to take delivery of his to flip it for a bucks or have prices flatten on these new c8.
Being an 70th anniversary, I'd say taking delivery to flip it will be a fairly safe investment. He should be about to make approx $12k>$15k on it after taxes/expenses, IF he knows how and where to sell it. For example don't expect to post an ad and sell it locally at a significant profit unless you live in one of the "HOT" C8 markets (FLA, TX, AZ, CA) etc..
Being an 70th anniversary, I'd say taking delivery to flip it will be a fairly safe investment. He should be about to make approx $12k>$15k on it after taxes/expenses, IF he knows how and where to sell it. For example don't expect to post an ad and sell it locally at a significant profit unless you live in one of the "HOT" C8 markets (FLA, TX, AZ, CA) etc..
thanks for the detailed reply. any quick tips or tricks to selling it? I have no experience selling these.
Also, Should we finances or lease his c8? What's the easiest way of doing this process?
thanks for the detailed reply. any quick tips or tricks to selling it? I have no experience selling these.
Also, Should we finances or lease his c8? What's the easiest way of doing this process?
Pay for it cash. As a potential buyer, I don't like dealing with the complication of a lien on the title.
You sure the dealer will even let you take delivery of it? Order is in his name so why would dealer let someone else's name take delivery when they can just pocket any deposit he put on the car and put it on the showroom floor for $30k over
Cousin should nut up and take the car otherwise I think you guys are SOL
You sure the dealer will even let you take delivery of it? Order is in his name so why would dealer let someone else's name take delivery when they can just pocket any deposit he put on the car and put it on the showroom floor for $30k over
ya pretty sure they dont mind. We talked about having me co sign for him in the beginning already.
They said wait until January and call us back.
but I would like to add, IMO corvette world has VERY inaccurate pricing and are very out of touch with the market. Look at the comments on there YouTube video for more proof. They over price. I am unsure if it's because they leave room to negotiate or the market is that hot in TX.
That would indicate the market is cooling and they have enough cars. Last summer they would have sent you flowers and chocolate.
Maybe i would of got a more concrete answer if I had the car already but I understand, how can they quote me on a car I don't have 2 months early. That's why I am asking on this forum of enthusiast experts who may be able to give me some market foresight
The market on C8s is cooling. My C8 at carvana was worth 81k in July. As of today it was worth 66k. Carmax offered 71k in person. Anyone thinking they are going to make big money flipping is going to be out of luck. Private party is probably the best option but I think dealers are going to start being very cautious with their offerings. I'll find out next weekend what Chevy is willing to offer.
Pay for it cash. As a potential buyer, I don't like dealing with the complication of a lien on the title.
If you have the title to a car you are selling, you will get a lot of offers of " sign the title and we will pay you within 10 days."
That's what happened when I was selling my C6 this summer. Dealers and wholesaler want to buy now pay later.
They always ask if you have the title, because they know the bank would never go for that scam.
It may be legit, but who knows, any dealer big or small could go out of business tomorrow. That is possible with the economy today.
As a buyer, I would prefer to go to the bank or credit union and handle the transaction.
The market on C8s is cooling. My C8 at carvana was worth 81k in July. As of today it was worth 66k. Carmax offered 71k in person. Anyone thinking they are going to make big money flipping is going to be out of luck. Private party is probably the best option but I think dealers are going to start being very cautious with their offerings. I'll find out next weekend what Chevy is willing to offer.
thanks for the info! Let us know what chevy said and your msrp / miles
When I purchased my 2022 C8 the dealer said if you are going to flip the car you should lease it so you only pay the tax on the monthly payment and not the entire purchase. I don't know how accurate this is but I did not lease the C8 because I was not flipping the car. Good luck!!
MSRP was $70,935. I'm sure they'll go and list it for $87,000 but they certainly won't pay that much to me. Carvana's bond ratings are in freefall and people think they're headed for bankruptcy.
Worth taking delivery
with Kevin. Easy for me to say though as it is not my money tied up in the car.
