You’re Willing To Pay MSRP +
10-22-2021, 03:28 PM
#21
Le Mans Master
I would not pay more than MSRP, but I also don't have to have the car the moment it's released and I don't throw money away. But there is something like 8-9 million multi-millionaires in the US alone and you only need a few thousand of those to want something bad enough that they are willing to drop $50K+ ADM to get it now vs in a few years.
The Z06 is also a pretty safe investment the first 12-18 months (or longer). Even if you pay ADM to get one, you could likely sell in within the first 24 months and recoup all or most of your money.
Last edited by thill444; 10-22-2021 at 03:29 PM.
10-22-2021, 05:49 PM
#22
Zero. Why would anyone want to create a expectation in the minds of dealers that they are willing to pay more than MSRP. It is the worst negotiating tactic ever. I have never been in a negotiating where the buyer successfully negotiating the price lower, after they have said they are willing to pay higher. "I am willing to pay no more than $40K over list. Will you sell it to me for $5k over list?" Seller responds with "How about $50k over list?" Buyer says "How about $10K over list?" Seller says "how about $40k over list?" Buyer say "great! that is just what I willing to spend."
10-22-2021, 07:14 PM
#24
an american revolution
Member Since: Mar 2009
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2022 C3 of the Year Finalist - Unmodified
I figured I will pay $135k for 3 LZ + $50k mark up around $200k
it will be the most expensive American car ever bought
I am not on any list but have a connection at the same dealer who delivered my 2020 c8 in march 2020
it will be the most expensive American car ever bought
I am not on any list but have a connection at the same dealer who delivered my 2020 c8 in march 2020
10-22-2021, 07:45 PM
#26
Pro
I wish more forum members had taken Economics 101. Price is the result of demand. Lower demand. Lower price. We, as consumers, have the power but we give it up when some wealthy morons pay a big premium. We have to hold firm and not pay a premium. Prices will come down to less than list eventually.
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10-22-2021, 08:27 PM
#27
Melting Slicks
Thread Starter
I think that’s understood…
10-22-2021, 08:30 PM
#28
Melting Slicks
Thread Starter
Then if it was $100K they’d charge $120K. This game can be played all day.
10-22-2021, 08:35 PM
#29
Melting Slicks
Thread Starter
10-22-2021, 10:30 PM
#31
$0 .
10-22-2021, 10:35 PM
#32
Then let the manufacturer set the price and sell the cars direct. I don't need a middle man marking up the price to make a quick buck.
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10-22-2021, 10:37 PM
#33
Race Director
My dealer has always sold me cars at MSRP. I'm #1 on the list for this car. If the car shows up and they ask a $10K mark up, I'll pay it, but I won't be happy about it. But realistically, I'm not going to walk away from a car that will be worth +$50K over MSRP if I am asked to pay +$10K. That would be a terrible financial decision.
This makes sense if you are buying a new Corvette Z06 to flip it and make $40k from some other sucker willing to pay 5x the amount over MSRP than you did.
Supply and Demand, I guess.
10-22-2021, 10:37 PM
#34
Race Director
10-22-2021, 11:10 PM
#35
Safety Car
Member Since: Sep 2004
Location: Western Chicago Suburbs
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And this is why I put my deposit down with MM… it was obvious this was going to make the C8 Stingray dealer shenanigans look like child’s play. I don’t mind waiting and not having to deal with a dealer pulling last minute BS.
My coworker, who for the past 10 years has purchased a new Corvette from his local dealer about once every couple years, Z06’s included, was just informed they will be charging him $20k over. They apparently are willing to lose a long time, frequent customer to capitalize off this opportunity for profit. He luckily knows someone at his church who is a sales manager at another Chevy dealer who promised him MSRP after they heard what happened to most likely capture his loyalty and future sales.
Unless the market collapses, stories like these will unfortunately be the norm.
My coworker, who for the past 10 years has purchased a new Corvette from his local dealer about once every couple years, Z06’s included, was just informed they will be charging him $20k over. They apparently are willing to lose a long time, frequent customer to capitalize off this opportunity for profit. He luckily knows someone at his church who is a sales manager at another Chevy dealer who promised him MSRP after they heard what happened to most likely capture his loyalty and future sales.
Unless the market collapses, stories like these will unfortunately be the norm.
10-22-2021, 11:39 PM
#36
Racer
I am on two lists. One is like, we don't know what we're going to charge, could be anything, so we're not opening our list yet. I said, put me on the list anyway to the sales director.
Another place, they said, we don't know but it'll probably be msrp or 5k to 10k over. I said whatever lmk when you figure it out.
I don't care. I always have my c8 and I'll keep that if prices on the z06 are too ridiculous.
I will say, if the place in idaho where I've been on the list for like 2 years is going to sell at 10k over, I can probably flip it for 50k back in california. 😅
Another place, they said, we don't know but it'll probably be msrp or 5k to 10k over. I said whatever lmk when you figure it out.
I don't care. I always have my c8 and I'll keep that if prices on the z06 are too ridiculous.
I will say, if the place in idaho where I've been on the list for like 2 years is going to sell at 10k over, I can probably flip it for 50k back in california. 😅
10-22-2021, 11:44 PM
#37
Drifting
Member Since: Oct 2013
Location: Fort McMurray Alberta
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2018 C7 of Year Finalist
I didn't put my name on the list to flip it. I am an avid Corvette enthusiast who had one of the fastest M7 C7's on the planet. Drove that car to 80,000kms (summer driving only) and did everything with it. I was planning on thoroughly enjoying my new Z06 and have had my name in the #1 spot for 2 years. BUT, money talks. I have a child on the way and a quick $50K profit is not something I can reasonably turn down if someone is willing to pay it. So I'll take delivery, put it up for sale and drive it till someone buys it. If no one buys it, I am not upset to have to keep my Z06 lol. But if someone does want to skip the line, then I have a nice payday and someone just put my kid through university. That's my situation. That's why I will still pay $5K-10K over sticker IF the dealer surprises me with that, which I don't believe they will. Even so, its going to be YEARS before this car drops back under its MSRP value. And I don't mean like 1 or 2, I mean like 4-5.
Last edited by blue_bomber697; 10-22-2021 at 11:45 PM.
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10-23-2021, 07:42 AM
#38
Instructor
I'm probably in the boat of people willing to pay over. The question is how much. I think my limit would be $15k-$25k to put me at all in price of $150-165k fully loaded. If that's not possible then I'll just go buy a used Huracan for $40k more.
I love my current C7Z but I'm ready for something else. As it is deliveries won't start for another year and a half assuming im in the first round of allocations. Which I'm not sure I am at Crisswell even though I've been on Mike's list since April 2020. So possibly looking at a 2-3 year wait. Sigh.
I love my current C7Z but I'm ready for something else. As it is deliveries won't start for another year and a half assuming im in the first round of allocations. Which I'm not sure I am at Crisswell even though I've been on Mike's list since April 2020. So possibly looking at a 2-3 year wait. Sigh.
Last edited by Rock0720; 10-23-2021 at 07:43 AM.
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10-23-2021, 02:00 PM
#40
Instructor
An interesting analogy to the current sportscar markup phenomenon is the market for Rolex sport watches. Rolex sets the price, and no authorized dealer can deviate from that price. The price of a stainless steel Daytona is $13,150. Demand so far outstrips supply that no Rolex dealer will sell a steel Daytona to anyone but an existing valued customer. In many urban markets, you have to have already spent >$100k with the dealer to get within a 2-year wait for a steel Daytona. Don’t have the money to build a relationship with the dealer or the patience to wait? You can get an unworn steel Daytona from the grey market delivered tomorrow for $35k.