DCL Bill

Curious if anyone else has had a similar experience. Just picked up my Red Mist 3LT and was great, but the window sticker included the mid year $1k price increase. My order was at 3400 as of the date of the increase and I thought cars under order were not affected by the increase? The dealer was great to deal with, but said that the price increase affected any car that wasn't yet produced. Will have to call GM tomorrow to discuss, but curious to see if others have had a similar situation.

Despite that small hiccup, was a great day!!!

Kracka

You were price protected, the dealership is reimbursed by Chevy and owes you $1k. Your window sticker will reflect the current pricing, not your protected price. I had a similar situation with my C7 and the 2014 mid-year increase. Luckily I'm price-protected again this time too!

LIStingray

It will depend upon whether the OP was the person on the GM order - if so he is price protected; if the car was for dealer stock or someone else he is not price protected and will have to pay the $1,000 extra.
As an aside if the OP is price protected and the dealer still took the extra $1,000, then the OP should post the name of the sc*mb*g dealer so other victims will know how to deal with said dealer.

DCL Bill

I placed my order at the end of Dec. and put down a $3,500 deposit so sounds like I should have been protected. Will call GM and if they agree try to get it resolved with the dealer. I'll post their name if they don't do the right thing, but right now I am assuming it is a mistake.

heisnuts

If your order was marked as a retail sold order AND you name AND address match the info entered when that order went in then your dealer will be reimbursed the extra cost for the increase. As Rick Conti documented in one of his videos, if the name and address do not match (or it was not entered as a retail sold order) then GM will not be reimbursing the dealer.

Assuming everything was entered correctly, I am sure most dealers will go ahead and honor the original MSRP at the time of the order, but there is no legal (or GM requirement) to do so.

dahogan

start at 10:00

Zymurgy

"Dealers don't have to give you price protection, and most won't".

RKCRLR

Do dealers actually get to keep the $1K credit if they don't pass it on? I thought they had to document the sales price (I didn't watch the video).

JT#7

I checked with my dealer, Superior Chevrolet in Conway, Arkansas, about the price increase. They confirmed that since the order was entered as an SRE Sold Order, that I was price protected - the $1K increase will not be passed on. My car is being built this week.

Zymurgy

Apparently it is all done electronically now. If the order is SRE (Retail Sold) and the buyer Name and address matches what is on the order then about 30 days after the purchase, the dealer gets the refund. It is up to the dealer to give the correct price at the purchase. So, yes the dealer will get to keep the credit (but it is not $1000. They get reimbursed at dealer cost, not MSRP.

C5 Dawg

So, if the dealer charges MSRP, the customer will pay an extra $1000. A month later GM will refund the dealer about $900. The customer is now left hoping that the dealer will send a check for the full $1k, or at least the $900. What could ever go wrong here?

Zymurgy

No, the dealer should only charge the customer the original price protected MSRP. The dealer gets refunded later. The big dealers will charge the lower price adjusted amount at the time of sale. Other dealers, as indicated, won't pass savings on to the customer. Buyer beware!

C82021

Literally, no one is “PRICE” protected. All prices RISE.

You’re protected from what you need to pay GM & your dealer. A good thing obviously.

The cost of every vehicle is $1,000 higher ($1500 for 1 LT HTC).

You don’t pay $1,000 more—but your STATE recognizes the actual higher price. So you’ll pay a higher tax now than you would have last month on the exact same car.

Zymurgy

That depends on how your state taxes vehicles. In TX, you pay sales tax based on the bill of sale - so it would be on the "price protected" (lower) price. There is no property tax on vehicles in TX.

C5 Dawg

Good to know, thank you.

C82021

I believe that’s incorrect.

The price is $1,000 higher. Isn’t that the “bill of sale” to Texas?? It is to ME the buyer. It is the actual sales price. It’s my sticker price. Personal property tax is a different matter..it’s usually recurring annually. . Some states have it. Others don’t.

Texas has a pretty aggressive SALES TAX rate which applies to CARS and most other purchases: 6.25%. . So I believe that’s an unprotected $62.50 price hike for Texas C8 buyers.

Not complaining at all, greatly appreciate GM/dealer essentially paying the difference. From a transaction/tax perspective it’s the same as my wife flipping me a grand towards the car cost. Love the help, but I still pay tax on the full bill.

Zymurgy

NO. The dealer will show an adjustment on the bill of sale. Just like buying a car at a discount. You're taxed on the price you pay, not the MSRP of the car. At least that is how it works in Texas.

C82021

Really interesting. That’s how it SHOULD be!!!

No wonder everyone’s moving to Texas

thill444

In CT you pay tax based on the purchase price (and minus any tax credit for trade in). Not MSRP. Honestly I’ve lived in a lot of states and all of them taxed cars based on the purchase price. Where do you live?

Zymurgy

TX also only taxes on the net price after any trade-in. I know that not all states do that.