C7 General Discussion General C7 Corvette Discussion not covered in Tech
Sponsored by:
Sponsored by:

Is 20% off MSRP good enough?

Thread Tools
 
Search this Thread
 
Old 01-23-2018, 01:21 PM
  #1  
p4snow
Burning Brakes
Thread Starter
 
p4snow's Avatar
 
Member Since: May 2010
Location: Spring Texas
Posts: 1,038
Received 453 Likes on 244 Posts

Default Is 20% off MSRP good enough?

Looking at a 2018 1LT coupe, Watkins Glen Gray, A8, NPP, black rims. Been at dealer since 6-27-16 or 209 days as of today. Should I be able to do better than 20% off MSRP? Intercity would charge $1,796 to ship to my door. Tks.
Old 01-23-2018, 01:24 PM
  #2  
saleen556
Le Mans Master
 
saleen556's Avatar
 
Member Since: May 2010
Posts: 5,153
Received 2,202 Likes on 1,193 Posts

Default

A great deal. Get it and enjoy it. I only got 12.5% off in August. My only regret is I didn't pull the trigger sooner to have more time driving it.
Old 01-23-2018, 01:29 PM
  #3  
tcinla
Melting Slicks
Support Corvetteforum!
 
tcinla's Avatar
 
Member Since: Nov 2016
Location: Los Angeles CA
Posts: 2,275
Received 619 Likes on 357 Posts
Default

Very good. But the details matter. What's the MSRP and Options on it? A forum dealer is currently advertising 1LT's as low as $45.7k :

https://www.corvetteforum.com/forums...corvettes.html

So, it depends on what your car is built as.
Old 01-23-2018, 01:31 PM
  #4  
tractman
Drifting
 
tractman's Avatar
 
Member Since: Sep 2004
Posts: 1,487
Received 945 Likes on 414 Posts

Default

Its NO 2018 if its been at the dealership since 6/27/16!!!


Originally Posted by p4snow
Looking at a 2018 1LT coupe, Watkins Glen Gray, A8, NPP, black rims. Been at dealer since 6-27-16 or 209 days as of today. Should I be able to do better than 20% off MSRP? Intercity would charge $1,796 to ship to my door. Tks.
The following users liked this post:
Perf n Restore (01-25-2018)
Old 01-23-2018, 01:33 PM
  #5  
rmorin1249
Le Mans Master

 
rmorin1249's Avatar
 
Member Since: Sep 2012
Location: Hagerstown MD
Posts: 6,876
Received 1,738 Likes on 1,174 Posts
St. Jude Donor '15-'16,'18

Default

Originally Posted by p4snow
Looking at a 2018 1LT coupe, Watkins Glen Gray, A8, NPP, black rims. Been at dealer since 6-27-16 or 209 days as of today. Should I be able to do better than 20% off MSRP? Intercity would charge $1,796 to ship to my door. Tks.
I'll bet it is a 2017. Check the doc fees and any other extra charges.

Last edited by rmorin1249; 01-23-2018 at 01:34 PM.
Old 01-23-2018, 01:35 PM
  #6  
Foosh
Team Owner
 
Foosh's Avatar
 
Member Since: Oct 2004
Posts: 25,434
Received 16,667 Likes on 8,311 Posts

Default

Originally Posted by tractman
Its NO 2018 if its been at the dealership since 6/27/16!!!
He said it had been there 209 days, so he meant 6/27/17.

'18 production did start early.

Last edited by Foosh; 01-23-2018 at 01:37 PM.
The following 2 users liked this post by Foosh:
Perf n Restore (01-25-2018), Skid Row Joe (01-24-2018)
Old 01-23-2018, 01:43 PM
  #7  
Jeffthunbird
Melting Slicks
 
Jeffthunbird's Avatar
 
Member Since: Dec 2004
Location: Cortez, FL
Posts: 2,710
Received 892 Likes on 439 Posts

Default

If it's a 2017, you should get 25% off.
If '18, that's a great deal. The local dealer is selling a silver 1LT GS 2018 at 15% off. Other 2018's in their inventory are 10% off. The '19's are coming out very soon they will need to clear out the '18's.
Old 01-23-2018, 01:56 PM
  #8  
thill444
Le Mans Master
 
thill444's Avatar
 
Member Since: Jan 2017
Location: New England
Posts: 5,363
Received 4,100 Likes on 2,003 Posts
Default

If it's a 2018 it's a solid deal as long as it is the color/options you wanted. It sounds like they did not bloat it with a bunch of useless options which is a good thing.
Old 01-23-2018, 01:59 PM
  #9  
smajicek
Burning Brakes
 
smajicek's Avatar
 
Member Since: Apr 2014
Location: MV CA
Posts: 779
Received 176 Likes on 111 Posts
Default

Originally Posted by p4snow
Looking at a 2018 1LT coupe, Watkins Glen Gray, A8, NPP, black rims. Been at dealer since 6-27-16 or 209 days as of today. Should I be able to do better than 20% off MSRP? Intercity would charge $1,796 to ship to my door. Tks.
I was not aware that 2018's were available in mid 2016??
Old 01-23-2018, 02:02 PM
  #10  
Foosh
Team Owner
 
Foosh's Avatar
 
Member Since: Oct 2004
Posts: 25,434
Received 16,667 Likes on 8,311 Posts

Default

I don't think there will be any hurry to clear out 18's built since November '17 in the retooled plant and new paint facility. Those will be sought after by many in the know.

The pre-plant shutdown '18s built up until July '17 I suspect will be more deeply discounted.
The following users liked this post:
Perf n Restore (01-25-2018)
Old 01-23-2018, 02:03 PM
  #11  
Foosh
Team Owner
 
Foosh's Avatar
 
Member Since: Oct 2004
Posts: 25,434
Received 16,667 Likes on 8,311 Posts

Default

Originally Posted by smajicek
I was not aware that 2018's were available in mid 2016??
But, were you aware that typos are frequent on this forum? 209 days ago would have been in June 2017.

Last edited by Foosh; 01-23-2018 at 02:04 PM.
Old 01-23-2018, 02:46 PM
  #12  
red62vette
Pro
 
red62vette's Avatar
 
Member Since: Apr 2006
Posts: 718
Received 220 Likes on 152 Posts

Default

I don't think you'll get 25% off on anything. IMO more than 13-15% off is a good deal, 20% would be a great deal if you could actually get it.
The following 2 users liked this post by red62vette:
harmonyp (01-25-2018), thrilled (04-28-2018)
Old 01-23-2018, 02:53 PM
  #13  
Judgment Day
Burning Brakes
 
Judgment Day's Avatar
 
Member Since: Jan 2017
Location: Saint Clair Shores Michigan
Posts: 767
Received 218 Likes on 153 Posts
Default

"Is 20% off MSRP good enough?"

Yes - Because if you say no, at that percentage, someone else will say "yes" and buy the vehicle before you know it.
Old 01-23-2018, 02:55 PM
  #14  
whitec7
Burning Brakes
 
whitec7's Avatar
 
Member Since: Oct 2013
Posts: 1,168
Received 610 Likes on 234 Posts

Default

I just ordered a 19, 11150.00 below sticker
Old 01-23-2018, 03:00 PM
  #15  
Foosh
Team Owner
 
Foosh's Avatar
 
Member Since: Oct 2004
Posts: 25,434
Received 16,667 Likes on 8,311 Posts

Default

. . . well the quality of that deal would depend upon the sticker price.
The following 2 users liked this post by Foosh:
Bassassin (01-23-2018), DALE#3 (01-23-2018)
Old 01-23-2018, 03:15 PM
  #16  
GOC
Burning Brakes
 
GOC's Avatar
 
Member Since: Aug 2017
Posts: 985
Received 199 Likes on 114 Posts
Default

Originally Posted by p4snow
Looking at a 2018 1LT coupe, Watkins Glen Gray, A8, NPP, black rims. Been at dealer since 6-27-16 or 209 days as of today. Should I be able to do better than 20% off MSRP? Intercity would charge $1,796 to ship to my door. Tks.

If this is the color that you want and has the options that you like, buy it now. You may be able to find a few offering at 22-25% off in another 4-6 months. But a good chance is you end up buying one with options that you don't want but you have to pay for them because the one you wanted was sold at 20% off.
Old 01-23-2018, 03:19 PM
  #17  
Billy346
Burning Brakes
 
Billy346's Avatar
 
Member Since: Oct 2017
Posts: 881
Received 405 Likes on 228 Posts
Default

Buy it now before someone else does!

Get notified of new replies

To Is 20% off MSRP good enough?

Old 01-23-2018, 03:20 PM
  #18  
direct007
Melting Slicks
 
direct007's Avatar
 
Member Since: Sep 2004
Location: Southern NJ
Posts: 3,247
Received 2,007 Likes on 1,025 Posts

Default

I would jump on 20% off as long as the offer isn't contingent on any financing gimmicks. Some people get so caught up on the discount and the figure that the car is selling for, they don't realize the difference in interest payments on a loan that is 5.9% compared to a loan that is 2.14%.

Using a total financed amount of $50,000 for illustration purposes.
$50,000 over 72 months at 5.9% is a monthly payment of $826.29 with total interest expense of $9492.61

That same $50,000 over 72 months at 2.14% is a monthly payment of $740.60 with total interest expense of $3323.18 A savings of over $6,000 over the course of the loan!!!!

Bottom line...
It sometimes can make more sense to pay a little more for the car if you can get a better interest rate.

Last edited by direct007; 01-23-2018 at 03:29 PM.
The following 3 users liked this post by direct007:
Bassassin (01-23-2018), Corgidog1 (01-24-2018), Foosh (01-23-2018)
Old 01-23-2018, 03:31 PM
  #19  
dvilin
Team Owner
 
dvilin's Avatar
 
Member Since: Nov 2007
Location: Rochester, NY
Posts: 44,741
Received 7,921 Likes on 4,807 Posts

Default

Originally Posted by red62vette
I don't think you'll get 25% off on anything. IMO more than 13-15% off is a good deal, 20% would be a great deal if you could actually get it.
Old 01-23-2018, 03:41 PM
  #20  
gavinvr4
Racer
 
gavinvr4's Avatar
 
Member Since: Oct 2017
Location: Dallas, Texas
Posts: 310
Received 73 Likes on 56 Posts
Default

Originally Posted by direct007
I would jump on 20% off as long as the offer isn't contingent on any financing gimmicks. Some people get so caught up on the discount and the figure that the car is selling for, they don't realize the difference in interest payments on a loan that is 5.9% compared to a loan that is 2.14%.

Using a total financed amount of $50,000 for illustration purposes.
$50,000 over 72 months at 5.9% is a monthly payment of $826.29 with total interest expense of $9492.61

That same $50,000 over 72 months at 2.14% is a monthly payment of $740.60 with total interest expense of $3323.18 A savings of over $6,000 over the course of the loan!!!!

Bottom line...
It sometimes can make more sense to pay a little more for the car if you can get a better interest rate.
Anytime you can get 20% off MSRP is a good deal,
Also paid attention to what he said very valuable info.


Quick Reply: Is 20% off MSRP good enough?



All times are GMT -4. The time now is 11:39 PM.