Corvette owners trying to unload their cars fast
11-20-2008, 05:09 PM
#61
Safety Car
A few questions - you state you "need" to get a new car to replace the BMW. Did you purchase or lease the BMW? If lease - you definitely have a bit of additional leverage with the dealer because they should REALLY want to keep you as a customer. They aren't GM / Ford / or Chrysler but I'd bet they're sales are down substantially also. Negotiate the lease and then deal with the Vette separately. IF you purchased the BMW you also need to hassle out the trade in of the BMW - that likely won't be pretty either. I would NEVER trade two vehicles in on a single purchase - you'll get screwed twice in a row (and that's gotta hurt)......
Last comment - assess whether you "need" to get a new car or "want" to get a new car. There is a difference.
Last comment - assess whether you "need" to get a new car or "want" to get a new car. There is a difference.
11-20-2008, 05:17 PM
#62
Melting Slicks
This is interesting.
Manny (seller) wants $XX,XXX for his vehicle. Salesman (buyer) says it isn't worth squat due to economy, market, etc. Manny then comes here to complain (not a problem) about situation. Most everyone is sympathetic to seller's situation. All he did was try to trade (sell) his car.
On the other side:
Chevy dealer (seller) wants $XX,XXX for his vehicle. Forum member (buyer) says it's not worth squat due to economy, market, etc. Chevy dealer would like to complain (is a problem) about situation. No one is sympathetic to seller's situation because dealers are known as "stealerships", ripoff artists, slimeballs. etc. All they want to do is sell a car.
A seller wanting too much and a buyer not wanting to pay what the seller wants is how the car business runs. I find it interesting how the two situations are viewed differently.
Manny (seller) wants $XX,XXX for his vehicle. Salesman (buyer) says it isn't worth squat due to economy, market, etc. Manny then comes here to complain (not a problem) about situation. Most everyone is sympathetic to seller's situation. All he did was try to trade (sell) his car.
On the other side:
Chevy dealer (seller) wants $XX,XXX for his vehicle. Forum member (buyer) says it's not worth squat due to economy, market, etc. Chevy dealer would like to complain (is a problem) about situation. No one is sympathetic to seller's situation because dealers are known as "stealerships", ripoff artists, slimeballs. etc. All they want to do is sell a car.
A seller wanting too much and a buyer not wanting to pay what the seller wants is how the car business runs. I find it interesting how the two situations are viewed differently.
11-20-2008, 05:23 PM
#63
Safety Car
This is interesting.
Manny (seller) wants $XX,XXX for his vehicle. Salesman (buyer) says it isn't worth squat due to economy, market, etc. Manny then comes here to complain (not a problem) about situation. Most everyone is sympathetic to seller's situation. All he did was try to trade (sell) his car.
On the other side:
Chevy dealer (seller) wants $XX,XXX for his vehicle. Forum member (buyer) says it's not worth squat due to economy, market, etc. Chevy dealer would like to complain (is a problem) about situation. No one is sympathetic to seller's situation because dealers are known as "stealerships", ripoff artists, slimeballs. etc. All they want to do is sell a car.
A seller wanting too much and a buyer not wanting to pay what the seller wants is how the car business runs. I find it interesting how the two situations are viewed differently.
Manny (seller) wants $XX,XXX for his vehicle. Salesman (buyer) says it isn't worth squat due to economy, market, etc. Manny then comes here to complain (not a problem) about situation. Most everyone is sympathetic to seller's situation. All he did was try to trade (sell) his car.
On the other side:
Chevy dealer (seller) wants $XX,XXX for his vehicle. Forum member (buyer) says it's not worth squat due to economy, market, etc. Chevy dealer would like to complain (is a problem) about situation. No one is sympathetic to seller's situation because dealers are known as "stealerships", ripoff artists, slimeballs. etc. All they want to do is sell a car.
A seller wanting too much and a buyer not wanting to pay what the seller wants is how the car business runs. I find it interesting how the two situations are viewed differently.
11-20-2008, 05:26 PM
#64
Drifting
Interesting debate - I'm looking to buy a C5 or C6. I am a very serious buyer, with all cash and absolutely no need for loan or anything. However, I am in no big hurry to buy a car that is mostly just a toy. So I won't be jumping unless I see a heckuva deal.
The problem with a Vette is - it's not the very first vehicle that comes to mind when someone needs a viable, practical automobile. Yeah, the Vette is a wonderful car, but it's still mostly an extravagance.
So, as a prospective buyer, I am concerned about investing in a Vette. The valuations going forward do not seem too bright for cars such as these, IMHO. Now, if they were limited production or true collector cars, that would be different.
I am gonna bide my time......................
-
The problem with a Vette is - it's not the very first vehicle that comes to mind when someone needs a viable, practical automobile. Yeah, the Vette is a wonderful car, but it's still mostly an extravagance.
So, as a prospective buyer, I am concerned about investing in a Vette. The valuations going forward do not seem too bright for cars such as these, IMHO. Now, if they were limited production or true collector cars, that would be different.
I am gonna bide my time......................
-
11-20-2008, 05:31 PM
#65
Safety Car
Interesting debate - I'm looking to buy a C5 or C6. I am a very serious buyer, with all cash and absolutely no need for loan or anything. However, I am in no big hurry to buy a car that is mostly just a toy. So I won't be jumping unless I see a heckuva deal.
The problem with a Vette is - it's not the very first vehicle that comes to mind when someone needs a viable, practical automobile. Yeah, the Vette is a wonderful car, but it's still mostly an extravagance.
So, as a prospective buyer, I am concerned about investing in a Vette. The valuations going forward do not seem too bright for cars such as these, IMHO. Now, if they were limited production or true collector cars, that would be different.
I am gonna bide my time......................
-
The problem with a Vette is - it's not the very first vehicle that comes to mind when someone needs a viable, practical automobile. Yeah, the Vette is a wonderful car, but it's still mostly an extravagance.
So, as a prospective buyer, I am concerned about investing in a Vette. The valuations going forward do not seem too bright for cars such as these, IMHO. Now, if they were limited production or true collector cars, that would be different.
I am gonna bide my time......................
-
11-20-2008, 05:33 PM
#66
Le Mans Master
Last edited by DSOM Z06; 11-20-2008 at 05:42 PM.
11-20-2008, 05:41 PM
#67
Safety Car
That my friend is a very ignorant statement and quite the generalization. I think the "Joe Isuzu" perception is all too alive and well. I know many car salespeople that make a six figure living by working their tails off and many, including myself, are in the field because I chose to be . So don't feel too sorry for me for taking my college degree, leaving a lucrative Wall Street position and going into the automotive field because I have a passion automobiles. I certainly didn't leave "The Street" to make $20K a year and as you can see Wall Street is doing just fine without me.
11-20-2008, 05:51 PM
#68
Melting Slicks
Once in my lifetime I was trained for car sales tricks. And it was in a BMW dealership.
This is a simple sales statement. Does not matter if GM goes down or not. He is a salesman and he is doing his pitch to earn his bread and butter. Nothing personal. Now if he wanted to sell you a Vette he would say like "You know if GM goes down this Vette appreciates like crazy. It is like a prime land. It always appreciates because
they don't make land anymore" or some other analogy like that.
Car sales business is a business.
By the way: "Bimmer" is BMW car. "Beemer" is BMW motorcycle.
This is a simple sales statement. Does not matter if GM goes down or not. He is a salesman and he is doing his pitch to earn his bread and butter. Nothing personal. Now if he wanted to sell you a Vette he would say like "You know if GM goes down this Vette appreciates like crazy. It is like a prime land. It always appreciates because
they don't make land anymore" or some other analogy like that.
Car sales business is a business.
By the way: "Bimmer" is BMW car. "Beemer" is BMW motorcycle.
Last edited by bimmerborn; 11-20-2008 at 05:53 PM. Reason: ps !
11-20-2008, 05:54 PM
#69
Instructor
Member Since: Aug 2007
Location: Denver CO
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Once in my lifetime I was trained for car sales tricks. And it was in a BMW dealership.
This is a simple sales statement. Does not matter if GM goes down or not. He is a salesman and he is doing his pitch to earn his bread and butter. Nothing personal. Now if he wanted to sell you a Vette he would say like "You know if GM goes down this Vette appreciates like crazy. It is like a prime land. It always appreciates because
they don't make land anymore" or some other analogy like that.
Car sales business is a business.
By the way: "Bimmer" is BMW car. "Beemer" is BMW motorcycle.
This is a simple sales statement. Does not matter if GM goes down or not. He is a salesman and he is doing his pitch to earn his bread and butter. Nothing personal. Now if he wanted to sell you a Vette he would say like "You know if GM goes down this Vette appreciates like crazy. It is like a prime land. It always appreciates because
they don't make land anymore" or some other analogy like that.
Car sales business is a business.
By the way: "Bimmer" is BMW car. "Beemer" is BMW motorcycle.
11-20-2008, 06:00 PM
#70
Pro
Member Since: May 2007
Location: Pittsburgh PA in mind, Atlanta GA in body
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I am actually on nothing,..i forgot to mention ...this is Canada where car prices are alot different then the US...and brand new Z06 in the US will cost you 69K ..here it will cost you 103K
So comparing an 08 here which would be 60K plus...compared to you and 08 at 40K where you are...do you get it?
Manny
So comparing an 08 here which would be 60K plus...compared to you and 08 at 40K where you are...do you get it?
Manny
Sorry way offtopic, but it was funny to see that portrayed here. Don't worry buddy with our new prez and crew that z06 will soon be 103k down here "south of the border" very shortly!!
11-20-2008, 06:22 PM
#72
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St. Jude Donor '09-'11
If you have a car in good shape, why waste value on a trade-in? Private sale is the way to go.
I got 40% more a BMW I sold a couple months ago than anyone else who was advertising on CraigsList. Why? Because I knew every inch of the car, buyers could tell it, and was mechanically in tip-top shape, although aesthetically 10 years of wear. Trade in would probably only have netted me about 1/4 of what I got.
I got 40% more a BMW I sold a couple months ago than anyone else who was advertising on CraigsList. Why? Because I knew every inch of the car, buyers could tell it, and was mechanically in tip-top shape, although aesthetically 10 years of wear. Trade in would probably only have netted me about 1/4 of what I got.
11-20-2008, 06:24 PM
#73
[QUOTE=KB9GKC;1567918591]
Obviously he didn't do well in school, that's why he is selling cars. You have to feel sorry for car salesman, for the past few years they were making 50-60 grand a year, now they are making 20K.
>
>
there's one reason you should not feel sorry for us... certified Pre-owned. With GM no longer leasing and the average american living pay check to pay check the smartest thing for them to do is buy cetified pre-owned. Which means they save money instead a new car and I make money due to larger profit margin.
I haven't sold a new Chevrolet yet this month, but I have sold 9 certified pre-owned and 2 non-gm pre-owned vehicles.
Obviously he didn't do well in school, that's why he is selling cars. You have to feel sorry for car salesman, for the past few years they were making 50-60 grand a year, now they are making 20K.
>
>
there's one reason you should not feel sorry for us... certified Pre-owned. With GM no longer leasing and the average american living pay check to pay check the smartest thing for them to do is buy cetified pre-owned. Which means they save money instead a new car and I make money due to larger profit margin.
I haven't sold a new Chevrolet yet this month, but I have sold 9 certified pre-owned and 2 non-gm pre-owned vehicles.
11-20-2008, 06:28 PM
#75
Melting Slicks
[QUOTE=:C6vette:;1567919621]
Obviously he didn't do well in school, that's why he is selling cars. You have to feel sorry for car salesman, for the past few years they were making 50-60 grand a year, now they are making 20K.
>
>
there's one reason you should not feel sorry for us... certified Pre-owned. With GM no longer leasing and the average american living pay check to pay check the smartest thing for them to do is buy cetified pre-owned. Which means they save money instead a new car and I make money due to larger profit margin.
I haven't sold a new Chevrolet yet this month, but I have sold 9 certified pre-owned and 2 non-gm pre-owned vehicles.
With 11 pre owned out the door, you're aboslutely making more than the genius's extremely rude assumption of 20K per year.
Great job. Still plenty of time left in this month.
Obviously he didn't do well in school, that's why he is selling cars. You have to feel sorry for car salesman, for the past few years they were making 50-60 grand a year, now they are making 20K.
>
>
there's one reason you should not feel sorry for us... certified Pre-owned. With GM no longer leasing and the average american living pay check to pay check the smartest thing for them to do is buy cetified pre-owned. Which means they save money instead a new car and I make money due to larger profit margin.
I haven't sold a new Chevrolet yet this month, but I have sold 9 certified pre-owned and 2 non-gm pre-owned vehicles.
With 11 pre owned out the door, you're aboslutely making more than the genius's extremely rude assumption of 20K per year.
Great job. Still plenty of time left in this month.
11-20-2008, 06:38 PM
#77
Race Director
Don't know about that dealer, but many simply wholesale all the cars they take in on trade. His statement might be (I state might be) simply that the current wholesale price(s) are reflecting some nervousness in the used market for GM cars
11-20-2008, 06:44 PM
#78
I really find it funny how people perceive car sales people. there are so many third party sources that will tell you how much a vehicle is, the invoice, the rebates, the trade value, etc. how can a dealer/sales person really cheat a client anymore. we live in the age of information.
the real thieves are the dentists. I just had to have a root canal last month and the bill came in for $2,600.00. wtf, I can't make that kind of money selling a Z06.
the real thieves are the dentists. I just had to have a root canal last month and the bill came in for $2,600.00. wtf, I can't make that kind of money selling a Z06.
11-20-2008, 07:33 PM
#80
Le Mans Master
Member Since: Feb 2008
Location: S.F. Bay Area CA.
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Interesting debate - I'm looking to buy a C5 or C6. I am a very serious buyer, with all cash and absolutely no need for loan or anything. However, I am in no big hurry to buy a car that is mostly just a toy. So I won't be jumping unless I see a heckuva deal.
The problem with a Vette is - it's not the very first vehicle that comes to mind when someone needs a viable, practical automobile. Yeah, the Vette is a wonderful car, but it's still mostly an extravagance.
So, as a prospective buyer, I am concerned about investing in a Vette. The valuations going forward do not seem too bright for cars such as these, IMHO. Now, if they were limited production or true collector cars, that would be different.
I am gonna bide my time......................
-
The problem with a Vette is - it's not the very first vehicle that comes to mind when someone needs a viable, practical automobile. Yeah, the Vette is a wonderful car, but it's still mostly an extravagance.
So, as a prospective buyer, I am concerned about investing in a Vette. The valuations going forward do not seem too bright for cars such as these, IMHO. Now, if they were limited production or true collector cars, that would be different.
I am gonna bide my time......................
-
