What defines a “Flipper”… Am I a Flipper??.
10-20-2021, 12:33 PM
#21
Le Mans Master
haha, yup. I’m getting from the responses that I’m a flipper. So be it. I was a car salesman many years ago (Ford) and the goal of the dealer was to separate customers from their money. It would be nice to win for once. This dealer made lots of money on my C7 trades and I never asked for a portion of it. I wonder if this dealer is enforcing their flipper tax on all customers.
Bottom line is, once you buy the car for their agreed price, it should be of no concern to them what you sell it for! This is all about them getting your trade for a pittance and ringing the bell when they sell it! Basically they are telling us that only we can make money on your trade...not you! And if you do make money on it we will penalize you for doing so!
Also a "Flipper" to me is one who buys the car with the sole of intention of selling it for a profit. These cars are sold usually with the delivery miles on it window sticker on the windshield etc.
I did not buy my 2020 to sell, I bought it to keep but when I saw the used car prices I thought I would take advantage of the market and upgrade to a '21HTC. I did the same with the '21 HTC to go for the 2023 Z06. Basically using these cars as a stepping stone to get to the Z06. Call me a Flipper...I call it being savvy!
Last edited by Supersonic 427; 10-20-2021 at 12:54 PM.
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10-20-2021, 12:46 PM
#22
They are on me... 15K over MSRP on a 2023 Z06. This because I sold 2 C8's, but not to them. I have bought 8 cars from them...6 new Corvettes, a new Camaro and a used Corvette in less than 6 years. There was a trade involved in every purchase except for the used Corvette. My 2019 GS that I used as a trade on the 2020 Corvette...I was given $50,750 in January of '20. Car was sold the same day I traded and has been bought and traded back to the dealership 3 times. It now sits on their showroom floor for $72,995!!! That is 4k more than the original list price new!
Bottom line is, once you buy the car for their agreed price, it should be of no concern to them what you sell it for! This is all about them getting your trade for a pittance and ringing the bell when they sell it! Basically they are telling us that only we can make money on your trade...not you! And if you do make money on it we will penalize you for doing so!
Bottom line is, once you buy the car for their agreed price, it should be of no concern to them what you sell it for! This is all about them getting your trade for a pittance and ringing the bell when they sell it! Basically they are telling us that only we can make money on your trade...not you! And if you do make money on it we will penalize you for doing so!
10-20-2021, 01:05 PM
#23
I don't consider you a flipper in this case. If the dealer wants to charge you a surcharge, find another dealer...we have several on the forum..
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Jeffthunbird (10-20-2021)
10-20-2021, 01:16 PM
#24
Race Director
I concur. The dealer is the 'flipper' because they're going fck you on the trade-in then 'flip' it for more than msrp.
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Jeffthunbird (10-20-2021)
10-20-2021, 01:32 PM
#26
Race Director
One of the 'msrp' dealers has a used 3LT for $38K over msrp... fck 'em.
Last edited by jim2527; 10-20-2021 at 01:42 PM.
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Jeffthunbird (10-20-2021)
10-20-2021, 05:41 PM
#28
Burning Brakes
If the market was different and the car depreciated by 10k would the dealer make that up in the trade? Keep in mind they also made some cash at MSRP and increased their future allocations. Always a win win win for the dealer- Order an MSRP car elsewhere and screw them
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Jeffthunbird (10-20-2021)
10-20-2021, 06:50 PM
#29
I vote flipper. But, a well intentioned one.
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Jeffthunbird (10-20-2021)
10-20-2021, 06:58 PM
#30
Not a flipper. Shitty dealer.
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CJ Willys (10-21-2021),
Jeffthunbird (10-20-2021)
10-20-2021, 09:34 PM
#31
Burning Brakes
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Jeffthunbird (10-21-2021)
10-20-2021, 10:17 PM
#32
Racer
Who is the dealer?
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Jeffthunbird (10-21-2021)
10-20-2021, 11:26 PM
#35
it’s a terrible analogy. People aren’t waiting 15 months for the chance to buy a share of stock. I can buy a share of stock today with no wait. The car is very different since people are forced to wait months before they can have the opportunity to pick one up. (Unless you wanna pay the scalping price)
10-21-2021, 08:50 AM
#37
Racer
I came to post the same. They didn't need to know whether or not you still own the first C8 when you show up to pick up your second that is on order. Either way find another dealer and start the wait with them. Your dealer wants to punish you and flip the car themselves.
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Supersonic 427 (10-21-2021)
10-21-2021, 09:28 AM
#38
Instructor
it’s a terrible analogy. People aren’t waiting 15 months for the chance to buy a share of stock. I can buy a share of stock today with no wait. The car is very different since people are forced to wait months before they can have the opportunity to pick one up. (Unless you wanna pay the scalping price)
Personally I wouldn't consider him a flipper either.. Take your profit and find another dealer!
10-21-2021, 09:31 AM
#39
Racer
GM I believe is putting pressure on the dealers to do this. GM is making multiple efforts to get the cars to enthusiasts at MSRP. Good for them trying to do the right thing. My MacMulkin documents clearly state when you buy at MSRP you are not suppose to flip the car and they reserve the right to cancel your order if suspected.
If you buy the car and sell it in less than 1 year - you are a flipper. If you had a hardship or are buying a Z06 that would be different, but if you are selling for a profit in a <1 year period you are a flipper.
It is separate and legitimate discussion about who should make a profit on a short term sale, the dealer or flipper, but I think this is about GM trying to ensure and reward dealers selling at MSRP.
If you buy the car and sell it in less than 1 year - you are a flipper. If you had a hardship or are buying a Z06 that would be different, but if you are selling for a profit in a <1 year period you are a flipper.
It is separate and legitimate discussion about who should make a profit on a short term sale, the dealer or flipper, but I think this is about GM trying to ensure and reward dealers selling at MSRP.
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Amoreloba (10-21-2021)
10-21-2021, 09:36 AM
#40
