Adnimation ATF

Collapse

MECF_728x90_top

Collapse

Announcement

Collapse
1 of 4 < >

CORVETTE TODAY - Kevin Mackay Talks About The Cunningham Corvette & Bringing It Back To Life

In 1960, Briggs Cunningham took 3 Corvettes to France to race at Le Mans. After that race, the cars were brought back to the United States, put back to original and sold to consumers. The #3 car was recovered about put back to the way it was when it raced in 1960 at Le Mans and is owned by a private owner. https://youtu.be/_g_9Eah8pS8; https://podcasts.adorilabs.com/corve...FbtXiohpLYxLCh The car is owned by Bruce Meyers of the Peterson Automotive Museum in Los Angeles. But what happened to the car? After a long legal battle, Kevin Mackay from Corvette Repair in Long Island, New York, has been putting this historic Corvette back to it's original 1960 livery for the past year (after it was purchased by Briggs Cunningham's family at auction). Kevin comes back on CORVETTE TODAY to tell the story of the Cunningham Corvette and to tell you when and where you can see this car...with its two siblings! If you love the history of Corvette and its racing past, DO NOT MISS this episode of CORVETTE TODAY. www.CorvetteToday.com
2 of 4 < >

Corvette Brand Manager, Harlan Charles Talks Everything E-Ray

Corvette Marketing & Brand Manager, Harlan Charles returns to CORVETTE TODAY with your host, Steve Garrett, to talk about the new 2024 Corvette E-Ray. https://youtu.be/3u0WMcgtnWI ; https://podcasts.adorilabs.com/corve...GToHlBAjuBPZxz. Harlan gives us an extensive overview is this revolutionary new Corvette and give us insight never heard before about the upcoming E-Ray. www.CorvetteToday.com
3 of 4 < >

Corvette Today News & Headlines: Late January, 2023

With the announcement of the 2024 Corvette E-Ray, your CORVETTE TODAY host Steve Garrett, and Keith Cornett from CorvetteBlogger have a lot to tell you about !!! https://youtu.be/734VgDupTBI; https://podcasts.adorilabs.com/corve...UAAEX2obMOXMml
Plus, we get a possible glimpse into the Corvette future with Manny Katakis from Muscle Cars & Truck with what the C9 Corvette could look like. Besides the E-Ray, here are some of the other stories Steve and Keith will discuss....
1. Corvette beats the Porsche 911 as Consumer Reports most satisfying car to own.
2. GM delivers over 9,000 Corvettes in the 4th quarter of 2022
3. Corvette Racing debuts the GT3.R on January 27th at the Rolex 24
4. The Mecum Auction at Kissimmee sells the very first Corvette Sting Ray
5. The National Corvette Museum hosts exhibits to celebrate 70 years of Corvette
All the Corvette E-Ray news you want and need plus much more on next week's CORVETTE TODAY News & Headlines show!
Listen to the podcast, watch the YouTube video, join the Facebook group, sign up for email notifications and shop in the Merchandise Store at: www.CorvetteToday.com
4 of 4 < >

2023 Corvette Info Including E-Ray, SR & Z06 Pricing, SR & Z06 Visualizers, 70th Anniversary Info, Press Releases for SR & Z06 & Their Build & Price, Order Guides & Visualizers

E-Ray Visualizer: https://visualizer.chevrolet.com/ui?...US&channel=b2c
Official E-Ray Press Release: https://www.midenginecorvetteforum.c...-press-release
Official GM E-Ray Pictures: https://www.midenginecorvetteforum.c...and-visualizer
+ 25 KEY E-Ray Components/Factors: https://www.midenginecorvetteforum.c...rs-information
E-Ray Leaked Info/Visualizer: https://www.midenginecorvetteforum.c...tte-e-ray-leak
Z51 & Z06 GM Track Specs: https://www.midenginecorvetteforum.c...ecommendations
Z06 BUILD & PRICE: https://www.chevrolet.com/performanc...d-price/config
Z06 Order Guide: https://www.gmfleetorderguide.com/NA...D=22412&type=0
Z06 Pricing Spreadsheet: https://www.midenginecorvetteforum.c...9Chvp%E2%80%9D
Z06 MSRP and Options Pricing: https://www.midenginecorvetteforum.c...freight-charge
2023 SR Build & Price: https://www.midenginecorvetteforum.c...up-and-running
*2023 SR & Z06 Official Owners Manual: https://www.corvetteblogger.com/docs...ersManual.pdf; and,
https://www.midenginecorvetteforum.c...owner-s-manual
* 2023 GM Bash Major Seminar with HQ video: https://www.midenginecorvetteforum.c...ore-bash-video
*2023 Stingray Visualizer: https://visualizer.chevrolet.com/ui?...US&channel=b2c
* COPMPLETE 2023 STINGRAY PRICING: https://www.corvetteactioncenter.com...ion-Center.pdf
*2023 Stingray (ONLY Order Guide: https://www.gmfleetorderguide.com/NA...D=22412&type=0
*70th Anniversary Combined Press Release For SR & Z06: https://www.midenginecorvetteforum.c...iversary-model
*Z06 Press Release: https://www.midenginecorvetteforum.c...-press-release
*Z06 Reveal Pictures: https://www.midenginecorvetteforum.c...eveal-pictures
*Z06 Visualizer: https://visualizer.chevrolet.com/ui?...US&channel=b2c
Order Guide (unofficial): https://www.midenginecorvetteforum.c...-action-center
*Z06 vs Z07 Aero Components: https://www.midenginecorvetteforum.c...s-similarities
See more
See less

Don't Pay ADM / Markup!

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Don't Pay ADM / Markup!

    As public service announcement and hopefully a help to the greater automotive community as a whole: If/When you purchase your C8 DO NOT pay Additional Dealer Markup (cost over MSRP).

    While I'm probably young compared to the average demographic to the vehicles I'm purchased new, I have never paid a markup. You shouldn't either! The two that come to mind are the 2014 GT-R and the 2016 GT350. With both I dealt with Stealerships that attempted to charge $5,000 - $20,000 over MSRP for the vehicles. I politely declined and continued my search elsewhere, and was able to find dealers willing to sell the GT350 at MSRP, and the GT-R below MSPR (new 2015 refresh was coming in, I got a decent deal).

    I am not saying anything crazy such as refuse to pay MSRP, you should only offer invoice, etc. MSRP is perfectly fine for all parties involved. It allows Chevy and the dealer to make a profit. What bothers me most about the markups if people pay, is it hurts everyone else attempting to buy the vehicle. I promise you that Chevy will want you to purchase a C8. I promise you that they will make enough that you will be able to purchase one at MSRP! While the US still has to deal with the archaic dealership system, it is wholly unfair for a dealer to demand a markup. They do not do any R&D, testing, development, or building of the vehicle. They are the middle man that by law we have purchase the vehicle through. Also, it gives the dealer a bad reputation. I would be happy to give continued service to a dealer that sells at MSRP and it decent to work with.

    For example of putting my money where my mouth is, I flew to Alabama to purchase the GT350 because all the dealer in my area (VA) wanted $10k over MSRP. The flight and gas home was much less that the $10k cost. I was also in and out of the dealer in 30 minutes from arriving, because they knew I wanted to get on the road. They even picked me up from the airport! That's service right. I'd be more than happy to travel (if needed) for a fair deal on a C8 Z06 And, I would tell anyone thinking about purchasing one to go to that dealer. Whereas the dealer with the markup, I'd tell everyone to avoid.

    All that being said, it's simple. If you refuse to pay ADM, the dealer will not be able to sell a C8 at a markup, and they will stop with the silly games and sell at MSRP. Buying at a markup only hurts your wallet, and the generally community as a whole.

    Soapbox rant over.
    Last edited by P-Tree; 07-30-2019, 02:46 PM.

  • #2
    Watch out for large documentation fees that appear for the first time on the payment invoice. Paper work is part of the dealer's cost of doing business. When they tack on advertising fees, documentation fees, or other such fees, and do it late in the game, its a foul. Next, they will want to tack on a pro rata share of their municipal property taxes.

    I bought my C7 in Nashua NH. No documentation fees, or anything else that was not part of the initial price. I bought under a "friends and family" GM promotion program, and the price developed on the GM web site for my specific options is exactly what I paid, to the penny, with nothing tacked on by the dealer (MacMulkin).
    2022 HTC 2LT Z51
    Front lift, mag ride
    black exterior, adrenaline red interior, bright red calipers

    Comment


    • #3
      Originally posted by P-Tree View Post
      As public service announcement and hopefully a help to the greater automotive community as a whole: If/When you purchase your C8 DO NOT pay Additional Dealer Markup (cost over MSRP).

      While I'm probably young compared to the average demographic to the vehicles I'm purchased new, I have never paid a markup. You should either! The two that come to mind are the 2014 GT-R and the 2016 GT350. With both I dealt with Stealerships that attempted to charge $5,000 - $20,000 over MSRP for the vehicles. I politely declined and continued my search elsewhere, and was able to find dealers willing to sell the GT350 at MSRP, and the GT-R below MSPR (new 2015 refresh was coming in, I got a decent deal).

      I am not saying anything crazy such as refuse to pay MSRP, you should only offer invoice, etc. MSRP is perfectly fine for all parties involved. It allows Chevy and the dealer to make a profit. What bothers me most about the markups if people pay, is it hurts everyone else attempting to buy the vehicle. I promise you that Chevy will want you to purchase a C8. I promise you that they will make enough that you will be able to purchase one at MSRP! While the US still has to deal with the archaic dealership system, it is wholly unfair for a dealer to demand a markup. They do not do any R&D, testing, development, or building of the vehicle. They are the middle man that by law we have purchase the vehicle through. Also, it gives the dealer a bad reputation. I would be happy to give continued service to a dealer that sells at MSRP and it decent to work with.

      For example of putting my money where my mouth is, I flew to Alabama to purchase the GT350 because all the dealer in my area (VA) wanted $10k over MSRP. The flight and gas home was much less that the $10k cost. I was also in and out of the dealer in 30 minutes from arriving, because they knew I wanted to get on the road. They even picked me up from the airport! That's service right. I'd be more than happy to travel (if needed) for a fair deal on a C8 Z06 And, I would tell anyone thinking about purchasing one to go to that dealer. Whereas the dealer with the markup, I'd tell everyone to avoid.

      All that being said, it's simple. If you refuse to pay ADM, the dealer will not be able to sell a C8 at a markup, and they will stop with the silly games and sell at MSRP. Buying at a markup only hurts your wallet, and the generally community as a whole.

      Soapbox rant over.
      Nice rant P-Tree. MSRP will probably be the norm for the first year or two of the C8. I can wait. I have never and will never pay more than or even MSRP. I guess that's just my Economics degree kicking in.

      Comment


      • #4
        Originally posted by Milliwatt Rob View Post
        Watch out for large documentation fees that appear for the first time on the payment invoice. Paper work is part of the dealer's cost of doing business. When they tack on advertising fees, documentation fees, or other such fees, and do it late in the game, its a foul. Next, they will want to tack on a pro rata share of their municipal property taxes.

        I bought my C7 in Nashua NH. No documentation fees, or anything else that was not part of the initial price. I bought under a "friends and family" GM promotion program, and the price developed on the GM web site for my specific options is exactly what I paid, to the penny, with nothing tacked on by the dealer (MacMulkin).
        Rob, that is exactly the reason why when I negotiate a deal with the dealership, we always settle on a hard number to include all the incidentals. If I say $50k, the $50k check is all I'm gonna write so they better be comfortable with that number to be inclusive of all taxes and fees or I walk.

        Comment


        • #5
          Originally posted by Fireeagle View Post
          Nice rant P-Tree. MSRP will probably be the norm for the first year or two of the C8. I can wait. I have never and will never pay more than or even MSRP. I guess that's just my Economics degree kicking in.
          Currently in my EMBA. Makes you wonder what the opportunity cost of the mark up is. Many people walking away and telling other not to purchase at that location. Going out on a limb and thinking they're probably losing more than the mark up is worth.

          Originally posted by Milliwatt Rob View Post
          Watch out for large documentation fees that appear for the first time on the payment invoice. Paper work is part of the dealer's cost of doing business. When they tack on advertising fees, documentation fees, or other such fees, and do it late in the game, its a foul. Next, they will want to tack on a pro rata share of their municipal property taxes.

          I bought my C7 in Nashua NH. No documentation fees, or anything else that was not part of the initial price. I bought under a "friends and family" GM promotion program, and the price developed on the GM web site for my specific options is exactly what I paid, to the penny, with nothing tacked on by the dealer (MacMulkin).
          Agreed. I work with Out the Door (OTD) price. Tax/Tag/Tile. It baffles me why some make it so difficult to purchase a vehicle.

          Comment


          • #6
            As long as both parties are honest and work in good faith, I have no problem with anyone choosing to pay anything. An acquaintance of mine, super late to the party, chose to pay $25K OVER sticker for his 2015 Z06 — so he could be the first in his area. He got his Z06 super, super early in southern Florida and was a very happy camper. He could well afford it and truly enjoyed every mile of driving it.

            Like each of us paying a different price on a single plane trip (a study found that prices for the identical seat varied to sometimes by a 300% factor), whatever anyone choose to pay for their C8 is just fine with me.

            However, I choose to never pay over sticker. Nice that the three largest Corvette dealers in the country (who are MECF vendors), have put into writing that they are going to not charge over sticker for the C8 — and not once did so for any C6 nor any C7, even for the very limited production models.

            As to paying a documentation fee, different states have different fees and someone needs to pay the dealerships finance and admin staff to deal with their DMV’s, pay a share of local advertising fees, etc. Again, each of us gets to choose what we are willing to pay for that fee and all others.
            2023 Z06: Hypersonic Gray HTC, two tone blue interior, CCB’s, 3LZ, E60, and with every visible carbon fiber option order-able including wheels. Lifetime, annual contributors, and 24 year members of National Corvette Museum. Home is the beautiful Pacific Northwest.

            Comment


            • #7
              I'll politely disagree with you John. While it's a free market economy, and no one forced your friend to purchase a want (lets face it, all of our sports cars are wants not needs) at a high premium, it gives leverage for the dealership to do these actions to someone else. Especially in places where there are not a variety of dealerships in close(ish) proximity. Sometimes these ADMs give the manufacturer bad press too, when they actually can't 100% affect dealership pricing. As for the doc fees, I'm even willing to go up to $500 for those. I'm still amazed when I say I'll pay MSRP+Tax+Title+$500 doc fee and dealers still act like I'm trying to purchase the vehicle out the door at invoice...

              Perhaps someone saved and budgeted for $80k. Large price delta between that and $105k. Same goes for $60 - $80k.

              That is awesome to hear that forum sponsors have stated they will sell at MSRP! Even the Zed models. I'll be eyeballin' that FPC Z06 in drop top form myself. I'll have to contact them down the road.

              Comment


              • #8
                Thanks and yes, we get to politely disagree. I am a firm believer that each seller gets to set their price for their product and each buyer gets to choose where they buy from. I rarely choose to price shop, instead respecting that each business makes their choices, but in turn I choose when and where I wish to buy from.

                I might care less about paying 20% more than a low bid when I have someone do a house repair if I have 100% confidence in that contractor, but resent someone charging me even a little more on an item that is widely available, i.e., if two top tier gas stations are across the street from one another, say a Shell and a Chevron, I will go across the street to pay 5 cents less per gallon.

                No, I am not logical, but then as an individual consumer, like all, we each get to choose.

                My acquaintance choose to pay $25K more than MSRP to get his Z06 that very day, and if that worked for him, and his smiles told it all, fine with me. However, I have never and would never pay over sticker (exception if one includes the documentation free). However, it a dealer wanted $750 for a doc fee, count me out.

                Same is true of my PDI on my C8, in that I am choosing to pay $100 more at my special Chevy dealer who has the work’s best Corvette Master Tech, than I would be paying at another dealership located about the same distance from my house. But for my Corvette, I am just fine with paying $350 instead of $250 for the PDI because of my confidence in my Corvette Tech Ken.

                2023 Z06: Hypersonic Gray HTC, two tone blue interior, CCB’s, 3LZ, E60, and with every visible carbon fiber option order-able including wheels. Lifetime, annual contributors, and 24 year members of National Corvette Museum. Home is the beautiful Pacific Northwest.

                Comment


                • #9
                  I'm all for quality John! Agreed if you know someone will do good work the first time, it can be good to pay for it. Better than getting a half baked product / service, and having to pay more just to fix it or bring it to standards.

                  Comment


                  • #10
                    I won't pay ADM on anything, but that's a personal choice. I am sometimes amused at the outrage over dealers charging what the market is willing to pay, though. If a car model is selling slowly, everyone expects the dealer to discount the car well below MSRP. Maybe even below invoice, just to clear the lot. Well, the reverse is also true. If a dealer has one and only one Model X, and 10 people who want to buy it, and are willing to bid up the price, why should the dealer forgo the profit (that helps offset losses on other slow selling cars).

                    I don't know where in Virginia P-Tree lives, but in Northern VA where I live you see home buyers bidding up the prices well over asking. A house in my neighborhood recently went on the market, and within 24 hours had 3 offers for $17K over the listing price. Should the seller say "No, no, I really only want [the asking price]? I don't think anyone here would turn down the extra money. Why is a businessman any different?

                    If you want the car, but don't want to pay ADM, you can make an offer at list, and the dealer can decide whether he'd rather wait for a buyer who will pay more or take the money now. But just as it's the buyer's choice what he's willing to pay, it's the dealers choice of what he's willing to accept.

                    (I do think there's an exception for price gouging during emergencies. It's morally wrong, and in many places illegal, to jack up the price of plywood, bottled water, etc. when a hurricane is coming, or after any natural disaster, where the buyers don't have the option to walk away.)

                    The law of supply and demand still holds, most of the time.
                    Delivered 5/29!: Scarlet Fever 2021 2LT HTC, Red Mist Metallic Tintcoat, two-tone Naturalw/ suede inserts, Mag Ride, Performance Exhaust, MRR 755 Gunmetal wheels

                    Proud member of the Old Dominion Corvette Club: https://www.olddominioncorvetteclub.org/

                    Never grow up - It's a trap.

                    Comment


                    • #11
                      I have no problem with supply and demand pricing, so long as there is transparency. All costs and charges should be itemized and totaled up in an "out the door" price before the customer signs or commits to anything.
                      2022 HTC 2LT Z51
                      Front lift, mag ride
                      black exterior, adrenaline red interior, bright red calipers

                      Comment


                      • #12
                        I couldn't agree more with you more meyerweb !
                        (I do think there's an exception for price gouging during emergencies. It's morally wrong, and in many places illegal, to jack up the price of plywood, bottled water, etc. when a hurricane is coming, or after any natural disaster, where the buyers don't have the option to walk away.)
                        2022, 2LT Elkhart Blue ..

                        Comment


                        • #13
                          My dealer has promised to charge only MSRP. They suggested GM would frown on ADM
                          Torch red 1LT, no options. Built June 4, received July 2

                          Comment


                          • #14
                            Originally posted by WillRockwell View Post
                            My dealer has promised to charge only MSRP. They suggested GM would frown on ADM
                            I wish the had more recourse than "frown upon". Or consumers had more option than send GM a letter, to which they reply they can't do anything about deal pricing.
                            That being said, there is an excellent list on this forum of MSRP dealers.

                            Comment


                            • #15
                              As to the thread title, do not pay mark up over MSRP, all of our forum dealers at selling at sticker!!!
                              2023 Z06: Hypersonic Gray HTC, two tone blue interior, CCB’s, 3LZ, E60, and with every visible carbon fiber option order-able including wheels. Lifetime, annual contributors, and 24 year members of National Corvette Museum. Home is the beautiful Pacific Northwest.

                              Comment

                              MECF_728x90_bottom

                              Collapse
                              Working...
                              X