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2015 Vette - Average Discount off MSRP

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Old 07-31-2014, 09:59 AM
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doctorwill
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Default 2015 Vette - Average Discount off MSRP

Looking to order a 2015 Vette....What are the discount people are getting? Some dealers are giving $1K off msrp...some at msrp...Can anyone advise what dealer I should deal with? I live in Baltimore MD...

Thanks

Will
Old 07-31-2014, 10:10 AM
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ATX-C7
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Originally Posted by doctorwill
Looking to order a 2015 Vette....What are the discount people are getting? Some dealers are giving $1K off msrp...some at msrp...Can anyone advise what dealer I should deal with? I live in Baltimore MD...

Thanks

Will
Get supplier (or credit union pricing)...8-9% off. Paying more is silly.

Just like anything, it comes down to you putting in a little effort. Start calling forum dealers.

Last edited by ATX-C7; 07-31-2014 at 10:12 AM.
Old 07-31-2014, 10:21 AM
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doctorwill
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How do one get suppplier discount? Do you have to have a family member who work or worked at GM? My friend dad used to work for GM and got his Vette at employee pricing..

Thanks for the advice...Will be calling around...
Old 07-31-2014, 10:29 AM
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I got CU pricing on my 2014 and that came to 11% off MSRP and I didn't have to jump through hoops to get it from a small local dealer. Which worked out to $5700 off MSRP on a car that listed for $63,400.

http://www.lovemycreditunion.org/GM-171.html

2015 Corvette's haven't been added yet, but you can play around configuring a 2014 to see how big the CU discount really is.

So for me if you don't get at least 10% off MSRP you are paying too much.

Tom

Last edited by AFVETTE; 07-31-2014 at 10:33 AM.
Old 07-31-2014, 10:36 AM
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Originally Posted by AFVETTE
I got CU pricing on my 2014 and that came to 11% off MSRP and I didn't have to jump through hoops to get it from a small local dealer. Which worked out to $5700 off MSRP on a car that listed for $63,400.

http://www.lovemycreditunion.org/GM-171.html

2015 Corvette's haven't been added yet, but you can play around configuring a 2014 to see how big the CU discount really is.

So for me if you don't get at least 10% off MSRP you are paying too much.

Tom

That's about 9%

11% = $6974


Still a great discount.
Old 07-31-2014, 10:56 AM
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z51vett
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Originally Posted by doctorwill
How do one get suppplier discount? Do you have to have a family member who work or worked at GM? My friend dad used to work for GM and got his Vette at employee pricing..

Thanks for the advice...Will be calling around...
Les Sanford call Dennis tap, he will help you out.
z51vett
Doug
Old 07-31-2014, 10:57 AM
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Bomeyer
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Credit Union Member Discount Vehicle Eligibility

For eligible program participants residing in the United States.

Updated 7/29/14

Dealers are not required to participate in the program. Please see the program Rules and Guidelines for complete details.

NEW VEHICLE PURCHASE

All 2015 and 2014 GM cars, SUVs, crossovers and 1500, 2500 and 3500 light-duty pickup trucks are eligible for the purchase program except:

Chevrolet

Camaro Z/28
Spark EV


Cadillac

All models
Old 07-31-2014, 11:21 AM
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Mike Mercury
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a rule-of-thumb for GMS (employee) discount on a C7 is...


take the MSRP and multiply by 0.875; gets you within a hundred or so.
Old 07-31-2014, 11:30 AM
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dwward
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I'm a member of a credit union that participates. Will paying cash for the new Vette prevent me from using the credit union discount?

Frankly, it's enough of a discount that I would borrow a small amount and immediately pay it off just to get the discount.
Old 07-31-2014, 11:33 AM
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John Ulrich
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Originally Posted by dwward
I'm a member of a credit union that participates. Will paying cash for the new Vette prevent me from using the credit union discount?

Frankly, it's enough of a discount that I would borrow a small amount and immediately pay it off just to get the discount.
Not required, but I did a small loan in the spirit of it!
Old 07-31-2014, 12:03 PM
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Originally Posted by John Ulrich
Not required, but I did a small loan in the spirit of it!
I love my credit union so I probably should as well.

In the wake of the financial crisis I became a big fan of credit unions. When big banks fat with government bailout money refused to loan to consumers choosing instead to invest that money in the market i soured on them a little. LOL

credit unions are in our communities and keep our money working in our communities. They loaned to consumers and small businesses when banks wouldn't. A friend would have lost her business but for a credit union loan in 2009. But I digress,...
Old 07-31-2014, 02:01 PM
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Originally Posted by John Ulrich
Not required, but I did a small loan in the spirit of it!
That would do it. Unless your loan has stipulations saying you cannot pay it off early. There's absolutely nothing to stop you from financing the car, then paying off the full amount of the loan with the first payment. You can put down as much or as little as needed to accomplish this.

Considering some Credit Unions are still offering 1-2% loans on new vehicles. Why not take it a step further, finance the entire amount of the new Corvette and keep your cash in the market where it can make money for your. Find a good fund and invest the cash in it and enjoy the dividends. If the market ever starts going the other way.. then simply take your cash out and pay off the loan on the car.

Pretty simple math really.
Old 07-31-2014, 02:14 PM
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Originally Posted by Daekwan06
That would do it. Unless your loan has stipulations saying you cannot pay it off early. There's absolutely nothing to stop you from financing the car, then paying off the full amount of the loan with the first payment. You can put down as much or as little as needed to accomplish this.

Considering some Credit Unions are still offering 1-2% loans on new vehicles. Why not take it a step further, finance the entire amount of the new Corvette and keep your cash in the market where it can make money for your. Find a good fund and invest the cash in it and enjoy the dividends. If the market ever starts going the other way.. then simply take your cash out and pay off the loan on the car.

Pretty simple math really.
Unless you lose $5K in the market before you can pull out the cash
Old 07-31-2014, 02:25 PM
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vetdude
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Originally Posted by ATX-C7
Unless you lose $5K in the market before you can pull out the cash
Bingo! Like today's market, DOW down 227 points/S&P down 27, capping off a lousy week - lost $7,000 this week alone.


Last edited by vetdude; 07-31-2014 at 02:27 PM.
Old 07-31-2014, 02:56 PM
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Just looked and this is what I saw for my zip code.


2014 models


Last updated 07/31/14

Total Cash Allowance(**)


BUICK
Enclave $2,000
Encore $500
LaCrosse $1,500
Regal $1,000
Verano $750
CHEVROLET
Camaro Convertible $2,000
Camaro Coupe $2,000
Corvette Stingray Base $0
Corvette Stingray Z51 $0
Cruze with 1SA and 1SB $2,000
Cruze without 1SA and 1SB $2,500
Equinox $1,500
Old 07-31-2014, 03:03 PM
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Originally Posted by ATX-C7
Unless you lose $5K in the market before you can pull out the cash
Since we are talking about a $60,000 investment here. I'd love for you guys to show me a fund that has lost 9% of value in a single day.

If you are betting big on single stocks. Then thats your problem. You knew that risk going in.
Old 07-31-2014, 03:08 PM
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Originally Posted by Stan0324
Just looked and this is what I saw for my zip code.


2014 models


Last updated 07/31/14

Total Cash Allowance(**)


BUICK
Enclave $2,000
Encore $500
LaCrosse $1,500
Regal $1,000
Verano $750
CHEVROLET
Camaro Convertible $2,000
Camaro Coupe $2,000
Corvette Stingray Base $0
Corvette Stingray Z51 $0
Cruze with 1SA and 1SB $2,000
Cruze without 1SA and 1SB $2,500
Equinox $1,500
Don't worry. That's referring to something else added on top of the discount. You can still get the same supplier or CU discount as everyone else.

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Old 07-31-2014, 03:57 PM
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Originally Posted by Mike Mercury
a rule-of-thumb for GMS (employee) discount on a C7 is...


take the MSRP and multiply by 0.875; gets you within a hundred or so.
Your died on......
Old 07-31-2014, 04:15 PM
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punky
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Originally Posted by vetdude
Bingo! Like today's market, DOW down 227 points/S&P down 27, capping off a lousy week - lost $7,000 this week alone.

You have not "lost" a nickel if you haven't sold anything.
Old 07-31-2014, 04:38 PM
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doctorwill
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Default Appreciate the input...

Thank you all...

Hopefully will be ordering my Torch Red Pacific Edition Stingray soon...

Will


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