[FRF Z06]

When I was looking at the end of January my dealer who had sold one the day before at MSRP plus $10,000 slipped me a locate with 12 Torch Red Z06es within 500 miles. Luckily the 1st dealer I called, Coastal Chevrolet in Kitty Hawk, NC offered me one at MSRP minus $2,000. I accepted pending calling the 11 others. I called them all. 1 sold for MSRP plus $5,000. 7 for MSRP. And 2 were still available in Columbia, NC for MSRP plus $3,000 FIRM and Norfolk, VA for MSRP plus $10,000. I took great pleasure in calling the Norfolk dealer, who I had visited the night before, to break the good news.

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[Zippy]

I continue to be amazed at some of these stories! I do not, will not, nor understand why anyone would pay MSRP or higher for a yellow (or any other color) Z06? Hello?

I have turned down 3 yellow Z06's, at 3 different dealers before I decided on a beautiful re-sale red that was in stock, along with 3 others, at a local dealer. And I paid LESS than MSRP. One has to be willing to walk away, and continue looking before they find their dream Z06 at a FAIR price. I had one local dealer with a Yellow Z in stock, ask me "how much are you willing to pay?" I told him 1) I am prepared to buy this car today, and 2) I do not pay MSRP for any car. He then told me he has already turned down $3K over MSRP, so "our conveersation is ended." I reminded him that the car had been sitting there for at least 3 weeks and he can continue to pay interest on it...to which he replied, "We have lots of money." That's when I walked out. Greed is what it is all about guys. Do you have any idea what a dealer pays for a Vet vs what they sell it for? How about thousands, plural, thousandS. Example I had a yellow 2000 convertible with a MSRP of $51,154. The Invoice shows a GMS price of $43,243.15 The difference is $7,910. 85!!! I bet the dealer pays less than GMS for the car, plus YOU must pay taxes on the selling price, so you have to figure the cost difference PLUS taxes to the difference to realize your total savings by NOT buying at MSRP or higher. One more point, ask the used car manager at your local, friendly, Chevrolet dealer what they would buy the car for next year when the next "best Ever Vet" comes out. Notice I said "buy" the car for, NOT trade-in value. You will be surprised, and disappointed at what he offers you. I know because I have asked.

Fair prices are out there, you have to look hard and be patient...hope this helps.

Zippy

Red/Black Z06

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[CorvetteSS]

I'm sure you know he's FOS. Many delaers are selling at MSRP and some are discounting. I turned down a yellow one at MSRP from the greediest dealer in Houston. For 10K more than what I paid for my Z06, I'd sell it tomorrow. Ask your dealer if he's interested.

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SSPORT IT UP!!!

2001 Corvette Z06 SS

E-Mail: [email protected]
National Corvette Museum Member #4641
2001 Speeday White Z06 Corvette SS
2001 Navy Blue Metallic Coupe

 

[fcalmes]

My dealer here in St. Louis refuses to sell over MSRP. I paid MSRP for my Quicksilver Z and got $500 off MSRP for the black Z.

They still made a lot of money off me!!

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Frank Calmes Quicksilver 2001 Z06
Vortex Rammer & Power Duct, B&B PRT's with Speedway Tips, Ripper Shifter with Momo Knob, Chrome Z06 Wheels

Sherylann Calmes Black 2001 Z06
Vortex Rammer & Power Duct, Chrome Z06 Wheels

f[email protected]

 

[Guest]

There are a few ZO6'S AVAILABLE IN SO. FLORIDA AT @ $500 below msrp email me at [email protected] and I will direct you where to find. FUBU69/LES

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[Guest]

I tried to let the guy know that I had already spoken with another Dallas dealer and he was willing to sell at MSRP, but I couldn't really get a word in edgewise. The only reason I called these guys in the first place was because they are supposed to have a great service department (Corvettes only get serviced by corvette certified servicemen who only service corvettes). But when this guy calls back I will have to tell him thanks but no thanks. I want to ask him if he feels bad for sending some people to Oregon when he only had to send them down the street!

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[ZEEE 06]

I agree. This guy is bigtime FOS.

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2001 Torch Red Z06

 

[SumoWoody]

Originally posted by BLyle:
Hello, I wanted to take a poll and see how high the markups are on the Z-06. I called one dealer in Dallas and the salesman told me that there is a $3K--10K markup. Before I could get a word in he told me that he knew of no dealers that were selling at sticker and then said he had to send a client to Oregon in order to get one at $3k over sticker. I politely asked why there was such a range in markup prices and he told me it depends on the car. "Which one goes for 10K over," I asked? "The Yellow one", he replied.

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Only owned a Corvette Keyring-And that was a long time ago!

 

[SumoWoody]

Hi there Z06 Fans. I checked a few days ago with the 11 dealers in a 1000 mile range of Philly about the M.Yellow Z's they had.(Offering a possible dealer trade using a Black Z06 for "Bait"). Trying to help a 2nd "buyer" find one now. WELL, 1st my Sales Mgr. thought I was nuts, 2nd I half felt nuts when I called & 3rd - the reply's I got were quite interesting.West of here in a big Midwest city 1 dealer said he's sold 3 @ 10 over. He looks every morning to see if there are any he can buy from dealers @ list price. Rumors circulate now that dealers will pay 3 over list just to get them.Another dealer told me he's "Smashing em out of the box" a phrase I have not heard before. The 11 that were listed included maybe 6 that were in transit (not in yet). A couple of dealers had sold their's out of state. One dealer told he he sold his to a lease co. (? Either @ list or 3 over?). One dealer told me he gets $4995. I am not sure if that meant very close to list or 5G's over. A number of dealers just have answering machines (Meaning they don't really work w/ other dealers,unless it is a leftover -Year old car-or "Turd" Etc.)
I left msg's anyway and have had no reply's. My impression is that these cars are truly "Hot" and if someone "Must" have one "Now" (A Yellow One) it is likely that they will not find one @ list with their 1st call to a dealer.
(Unless its a real good friend,Golf buddy or relative, "in good standing!" He He He). My thoughts- There is no question a Yellow one can sell @ list(Or higher),"Quick". Other colors take a bit longer to sell but will "Speed up" as the weather warms up in the East(and other area's where it is still cool now) & production winds down for year 2001. We all know (but may conveniently forget) that there really is a collector market in the US and even the world and that 1st year of production cars will bring "Big Bucks" down the road.("Big Picture"). One other thing -the part of the transaction involving trades is very important. I would think that the nicer the car to trade the quicker a deal could be struck (Dealer could make some $ from that).For Example with the Yellow I sold (@ MSRP) we are getting a 99 Hard Top.(That the dealer owner is a bit scared of...It has 30,K miles ..He's Concerned about condition Ex..Paint chips etc)
Oh well, thats it for now. I still have a Double Black to "Offer"(at MSRP) & will continue to bust my ... to find a buyer for it at list (Many interested-No takers yet) Except a "Way Cool Marine"-Subject to financing

. Here is what is up now on my end. Have an agreement(Out of state buyer,Thousands of miles away)(with check coming) to sell 2002(Silver) at list with a NCM delivery. This may be (Store A's) only one for 2002. Nice 71 Chevelle SS to trade (Not Original)(I will send buyer's info(With his permission) to any interested parties.A pre trade deal w/ him)

I have (Store B's) 2002 that I might be able to lock in for someone, just email me)I hope the last part of this was not too confusing.
Sincerely,SumoWoody. The car biz. can take it's toll on salesmen, & all other people at the dealership's but this whole thing(Hot Cars that people want to buy) are what it's all about!!!!!!!!!!!!!!!!!!!!!!!!
PS If anyone would like to see a couple dozen digital photos(Of a new Black Z)(in a showroom) just email me. They will be ready to send after 3PM Saturday 2/24/01. Thanks for reading my thoughts on the subject.

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Only owned a Corvette Keyring-And that was a long time ago!

 

[Zapper]

Was at one of our Cortette club meetings yesterday. Seems up here in Canada, some of them have gone up to 75K list from original 67K list in Sept. In Sept dealer net was about 57K - list was about 67K. To convert all of these prices to US multiply times .65

Apparently our dealer prices also went up by 1500.00 Cdn ( approx 1000.00 US ) although it took a while for GM Canada to pass that on. I was aware of the US pricing bump a long time ago. Maybe because we get so few up here, it took a while for the news to come through to the retail sector. Oh well, in either case it looks like the media has done a good job telling the public about the value of these models. Yippee !

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2001 Quicksilver Z06

 

[Guest]

Hello, I wanted to take a poll and see how high the markups are on the Z-06. I called one dealer in Dallas and the salesman told me that there is a $3K--10K markup. Before I could get a word in he told me that he knew of no dealers that were selling at sticker and then said he had to send a client to Oregon in order to get one at $3k over sticker. I politely asked why there was such a range in markup prices and he told me it depends on the car. "Which one goes for 10K over," I asked? "The Yellow one", he replied. So for all of you yellow Z-06 owners, if you ever want to trade you car in, come to Dallas and deal with this guy, he should give you 10K more for trade in than anywhere else! You could trade your yellow in for, say red or black, and take the extra money they give you to take a trip to Hawaii.

Anyother dealers out there like this?

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[BurkeSS]

The Houston dealers are rapacious! The two biggest Chevy dealers in the nation supposedly reside here and they're owned by the same guy! They get the allocations for Z06s around here and they'r not dealin'! I know a Yellow went for 25k over MSRP to a guy from Oklahoma, and the Black that was next to mine went for 9k over. They had mine stickered at 20k over and I could not get them lower than 5k over. I walked. The next day I brought them a bank check for MSRP, but they said no. I walked. A week later they called me and suddenly my MSRP bid was adequate. Now every time I go in there, salesman I don't even know call me "the guy that stole that silver Z06". They are definitely not used to "losing" here!

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2001 Z06 Quicksilver, stock (for now!)
1999 Camaro SS NBM'white, MN6, MTI Stage II heads/cam/headers/Borla etc 392RWhp
1994 Trans Am GT Black/grey, MN6, 383ci stroker LT1 with Vortech T-trim 560RWhp @ 10psi 50k miles (FOR SALE)

 

[Dennis Jurs]

And a big AMEN to that JimmyZee.

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Quicksilver Z06 Moon
KN w/Modified Air Box

 

[Guest]

$1,000 under.

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[zman]

Hey JimmyZee!!!!
Willing to sell me a Z06 for under MSRP?

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Deposit on 2002 MY Z06-First on Campbell Chevy(Bowling Green,KY)list!! Due in late July!

 

[JIMMYZEE]

I'm a General Sales Manager at a Chevy store, and these stories make me laugh.
1st, Chevy stores have to purchase $4K worth of special tools from GM just to be able to sell Vettes. 2nd, not ALL dealers are the GREEDY dirtbags that we are portrayed to be.
Yes, we do make alot of money when a Vette is sold and when a Suburban,Tahoe,HD Silverado,etc.That's what we're supposed to do to pay our employees. No, I do not think that jacking up prices way over MSRP is a good way to earn customer loyalty which is what my business looks to get rather than a quick buck. I'd rather sell someone many vettes for a fair profit than lay em' to rest on just one car. Bottom line, if you don't want to get screwed by a big dealer, SHOP! There are smaller dealers like me that want to earn your business not just see how much we can make you pay over sticker!


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[corvette dave]

Somehow I do not feel sorry for JimmyZee having to pay $4000 just to sell one corvette. The profit on one corvette at MSRP is about $7500. That does not include profit from financing, if needed. How about another $2000-$3000 profit from a trade in.
I see a profit from one sale to be $7500-$12000. Again I do not feel sorry for Jimmy.
I probably sound a little bitter. Just tried to buy another Z today from a dealer in Pittsburgh. Finally got him to come off MSRP $1000, however he wanted to wholesale my 6800 mile '99 6-speed coupe. This was a $10000 profit for the dealer and he would not come down another dollar. I walked and will continue walking.
Am I missing something here?
Jimmyzee, let's hear from you. Will you discount a Z?

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'99 SILVER 6-SPEED COUPE, LOWERED, CHROME WHEELS, CAGS

 

[JIMMYZEE]

MAN, ARE YOU TOUGH ON DEALERS. DO YOU BEAT UP ON THE CASHIER AT YOUR LOCAL GROCERY STORE FOR SELLING A DOZEN EGGS @$1.99. I MEAN THEY PROBABLY ONLY COST $.99. THAT'S A 50% MARK-UP! POINT TO BE MADE, CORVETTES HAVE LIKE A 12% MARK-UP SO GIVE ME A BREAK!
SURE I'LL DISCOUNT A Z06. AND LET ME LET YOU IN ON A SECRET. SMART BUYERS SELL THEIR TRADES THEMSELVES "FOR RETAIL" AND BUY THEIR VEHICLES FOR WHOLESALE. DEALERS WON'T DISCOUNT THIER VEHICLES AND GIVE RETAIL FOR TRADE-INS. ESPECIALLY WHEN GM AUCTION PRICES ARE SO CHEEP. 01' MILLENIUM YELLOW DUE IN APRIL. 01' TORCH RED DISCOUNTED AND SOLD.

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[corvette dave]

Jimmyzee, The secret you speak of is one I have used for the last 12 corvettes I have bought. Sometimes though the bug for a new one hits and you are not able to buy wholesale.
You say you can't discount a new car and retail a trade. I realize that. The deal I described was retail for the new one and wholesale for mine. This dealer would not discount his or retail mine. He wanted to hold all the cards. All I wanted was for him to give a little on either end. To top it off, if he sold the car before March 1, GM would give him $1000 on some type of incentive program.
If I would have agreed to the deal, it meant about a $10,000 profit to the dealer. We were $2,000 off from making the deal. I do not think an $8,000 deal would be a bad thing for the dealer. The Z I was looking at had been sitting there for over a month! All I'm saying is that seems like a fair profit.
BTW: The egg analogy was pretty bad!
No, I do not hate car salesmen. I have talked to most supporting ones on this forum and found them to be honest and knowledgable. I would buy from any of them.
Jimmyzee,I am having a little fun with you here, although I still think $8,000 profit is damn good. Other than taking the chance of making even more money on the Z from the next guy, please tell me and others why $8,000 is not a good deal for the dealer. Dave

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'99 SILVER 6-SPEED COUPE, LOWERED, CHROME WHEELS, CAGS

 

[JIMMYZEE]

A BIRD IN THE HAND BEATS TWO IN A BUSH IS MY MOTTO. IN THIS BUSINESS IF YOU TRY TO HOLD OUT FOR THAT XTRA BUCK, YOU CAN GET BURNED. MAYBE THIS GUY THINKS HE CAN DO BETTER.???

ME, I JUST ENJOY SELLING CORVETTES.

P.S. I DIDN'T THINK THE EGG ANALOGY WAS THAT BAD!



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