Oh come on fellas, you're disappointing me. I'm far from a rich man and would give my left *AHEM* for a new ZR1, but isn't free market capitalism a big part of what makes this country great? Absolutely no offense intended, but I hardly see dealerships as bad guys here (unless they did indeed back out of a contract, but that's what courts are for). I'm sure many would argue that even 50k is outrageous for a toy sports car, a price set by greedy car companies for greedy dealerships to charge even greedier consumers. I can see dealers as makers of great frustration for us less well-heeled or otherwise cheap folks, but far from evil. Their ability to feed their families relies on squeezing out the most profit from their products. Or at least to pay for the owner's new boat, but hey, that's just part of the great game and the reason there are Chevy dealerships and fun toys like Corvettes to begin with. Heck, two to four times MSRP may actually be a STEAL...if people are willing to pay six to eight times it! (And remember the first ZR1 went for what, $1 Million, which is roughly 10 times sticker, although though it WAS #1 and the money did go to charity). And if you really think about it, the folks who do pay what most would consider obscene markups aren't nuts nor are they stupid, they just plain like cars like ZR1's and were smart, hard-working, and successful enough to be able to pay top dollar for stuff like that. The markup is in reality a mere drop in the pond to folks like them, perhaps the cost equivalent of say a nav package on a C6 to most would-be Vette owners.
Maybe President Obama will just have to come in and put price caps on such rare vehicles for the anti-capitalist folks who just can't afford one at true fair market value
I don't believe the issue is price or the dealer mark up. The issue is the terms quoted at the time the dealer accepted the deposit and then changing those terms when it is time to place an order. Free enterprise is good, dealer profits are good but if they can't be honest and honor their word, then I for one will not do business with them.
I don't believe the issue is price or the dealer mark up. The issue is the terms quoted at the time the dealer accepted the deposit and then changing those terms when it is time to place an order. Free enterprise is good, dealer profits are good but if they can't be honest and honor their word, then I for one will not do business with them.
Here's my take on this and sorry if I step on someone's feet. Basically, the buyers are the ones allowing the dealership to do this. Let's think back when the 06 Z06 came out. How many people paid over sticker? Probably 100% of the buyers. Let's throw in the 07's as well since most of those probably sold over sticker. Now let's fast forward about 1 1/2 yr later when the 08's started coming out. We all know that the 08's were selling below sticker and you would have to be dumb and didn't do your homework if paid sticker for an 08. Now, you don't even have to look to far. At Autotrader, there are still brand new 07's which hadn't been sold. Given that the ZR1 is a limited production, the dealerships will sell the cars over the sticker depending on what the market will bear. Essentially, how much is the next sucker willing to pay over the sticker. So you can either be patient and wait until the market cools off or bite the bullet and pay an exuberant amount knowing that if you ever have to trade the car in or sell it, that you won't even come close to the msrp. When I started looking for a C6 Z06, I always thought it was funny when a private seller stating how much over they paid over the sticker to justify their asking price for the car. When it comes down to it, to it, doesn't matter how much you paid over sticker, it's what the KBB, NADA thinks your car is worth.
HI there,
Being a dealership employee, I can relate to this.
Fact is, there is only ONE dealership in the state of CT that has allocation for ZR1 Corvette.
Price is still a variable.
But I also do agree with the setiment of selling price being whatever the customers are willing to pay.
BUT, dealership should also stand by their word and sell to what they agreed to.
The key, get all agreements in writing, then they cannot back out.
Personally, I have issue with the sales being the only reason to be able to sell ZR1. This is my opinion, wouldnt the dealerships with the most satisfied Corvette service customers be the BEST to sell such a limited, highly advanced car?
JMO, because maybe, if the service is the best, so too may be the SALES department.
Allthebest, c4c5
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GM World Class Certified Service Technician. Chevrolet Professional Service Guild. Museum member #7993. http://www.corvettemechanic.com
Like the WORLD FAMOUS BILL HEARD ENTERPRISES needs anymore money. There comes a point in life where you dont need more money but you become greedy and dont give a crap about others and only see $$ signs instead of people. Ive not seen too many dealers go out of business and I venture to say that their houses reflect more than that horrible MSRP they whine about. Ask a dealer if your going to get your head ripped off (dealer lingo for screwing the customer), ask them how many ways they can get you and they will know your on to something. They have 4 ways to get you...price, trade, finance and warranty. I always finance it with them and within 30 days I go to my credit union and the dealership has to write a check back to the original bank for the lost deal! FUNNY!! Screw them because they will screw you in a heartbeat....they are almost as bad as lawyers.
Why you gotta bring lawyers into this? I thought this thread was about carstealers... I still don't understand why people bash lawyers. They should bash the individuals paying the lawyers to represent them, because they are the true dirt bags. All the lawyers do is take on a role that requires a zealous advocate...far cry from whay some of these used car dealers do. Just my .02.
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02 MY/Mod.Red Z06 - all options.
HI there,
Personally, I have issue with the sales being the only reason to be able to sell ZR1. This is my opinion, wouldnt the dealerships with the most satisfied Corvette service customers be the BEST to sell such a limited, highly advanced car?
Allthebest, c4c5
I agree. The MY2009 allocation plan is very heavily skewed toward big volume Chevy sales with some smaller component toward corvette sales. I think next year the allocation plan will revert back to being weighted for corvette only sales and service only as it should be.
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1972 WB Coupe L48/TH400 - Sold
2001 QS Z06 - Sold
2006 VY Z06 - NCM Delivery & Daily Beater!
2007 MR Vert - NCM Delivery & Wife's Car!
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I thought this thread was about carstealers... I still don't understand why people bash lawyers. They should bash the individuals paying the lawyers to represent them, because they are the true dirt bags. All the lawyers do is take on a role that requires a zealous advocate...far cry from whay some of these used car dealers do. Just my .02.
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