Is 20% off MSRP good enough?
#1
Burning Brakes
Thread Starter
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.
#2
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.
#3
Melting Slicks
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.
https://www.corvetteforum.com/forums...corvettes.html
So, it depends on what your car is built as.
#4
Its NO 2018 if its been at the dealership since 6/27/16!!!
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Perf n Restore (01-25-2018)
#5
Le Mans Master
Member Since: Sep 2012
Location: Hagerstown MD
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St. Jude Donor '15-'16,'18
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.
#6
The following 2 users liked this post by Foosh:
Perf n Restore (01-25-2018),
Skid Row Joe (01-24-2018)
#7
Melting Slicks
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.
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.
#8
Le Mans Master
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.
#9
Burning Brakes
I was not aware that 2018's were available in mid 2016??
#10
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 pre-plant shutdown '18s built up until July '17 I suspect will be more deeply discounted.
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Perf n Restore (01-25-2018)
#11
#14
I just ordered a 19, 11150.00 below sticker
#15
. . . well the quality of that deal would depend upon the sticker price.
#16
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.
#18
Melting Slicks
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.
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.
#19
Team Owner
#20
Racer
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.
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.
Also paid attention to what he said very valuable info.