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Currently I'm on the ERay list sitting just under 300 with MM, I have been keeping a lookout for a C8Z just in case I saw one and the price seemed reasonable. A contact of mine clued me in on a 2024 1LZ that somebody drove for 824 miles and then returned to the dealership...dealership purchased back as the owner wanted to buy a new truck instead. I pointed out that the warranty was voided regardless so wasn't interested. Dealer came back and said they would drop the price $3k and throw in a 4-year bumper to bumper warranty, and that the car was flawless and the aftermarket warranty is as good if not better than the GM warranty as it was longer and even transferable if I sold the car.
Sale price is $126k with a 4-year bumper to bumper warranty. Even though it is a 1LZ, it has PDR, front lift, Black wheels/lugs, body color accents, red seats/belts, black exhaust tips, red calipers, door sills, heated mirrors, red engine cover/plenum. I priced out all the options from the build sheet on the GM configurator, and it came out to about $122K. Looks like they are trying to make about $3-4K off the deal. For taking delivery immediately, not waiting on a list, and for the options it seems reasonable to me. It doesn't have the Z07 option, but I wasn't looking for a Z07 either. I like that it has the PDR and the Camera Rear View mirrors are standard now on the 2024.
Seems like many of these aftermarket warranties don’t cover repairs if the factory warranty was voided. I would make for damn sure the warranty they are selling you is actually going to cover the cost if the car has an issue. Like call the warranty company and don’t just trust the dealer.
I bought a 1LZ for 5k over MSRP end of Feb. MSRP was $126,865. It has CCBs, PDR, red intake, red seat belts, red calipers, black wheels and black tips. Car is black/red. Very happy with it and no issues with 1200 miles. Good luck
Last edited by c7gsmike; 04-09-2024 at 08:39 PM.
Reason: Txt
Currently I'm on the ERay list sitting just under 300 with MM, I have been keeping a lookout for a C8Z just in case I saw one and the price seemed reasonable. A contact of mine clued me in on a 2024 1LZ that somebody drove for 824 miles and then returned to the dealership...dealership purchased back as the owner wanted to buy a new truck instead. I pointed out that the warranty was voided regardless so wasn't interested. Dealer came back and said they would drop the price $3k and throw in a 4-year bumper to bumper warranty, and that the car was flawless and the aftermarket warranty is as good if not better than the GM warranty as it was longer and even transferable if I sold the car.
Sale price is $126k with a 4-year bumper to bumper warranty. Even though it is a 1LZ, it has PDR, front lift, Black wheels/lugs, body color accents, red seats/belts, black exhaust tips, red calipers, door sills, heated mirrors, red engine cover/plenum. I priced out all the options from the build sheet on the GM configurator, and it came out to about $122K. Looks like they are trying to make about $3-4K off the deal. For taking delivery immediately, not waiting on a list, and for the options it seems reasonable to me. It doesn't have the Z07 option, but I wasn't looking for a Z07 either. I like that it has the PDR and the Camera Rear View mirrors are standard now on the 2024.
Thoughts?
Find a new one, I did, 2024 1LZ paid MSRP $117,075 on 12/30/2023. Plenty can be had at MSRP if the dealer want to sell a car.
If they are saying it has front lift, they are lying. Front lift is only available on 2LZ's and 3LZ's.
This is good advice. Dealerships will give you all the lip service you want just so they can get the car off the lot. Then, when you go back to them after the 3rd party warranty company voids the warranty, they'll tell you to kick rocks. Never take them at their word.
Originally Posted by smithers
Seems like many of these aftermarket warranties don’t cover repairs if the factory warranty was voided. I would make for damn sure the warranty they are selling you is actually going to cover the cost if the car has an issue. Like call the warranty company and don’t just trust the dealer.
In any case, I feel like you could still do better on price. You're essentially paying MSRP for a used 1LZ. Lightly used, sure, but used nonetheless. You have no idea if it was properly broken in or if there are any other problems that the 1st owner or the dealership brushed under the rug, and now you don't even have the original warranty to back you up. I would strongly consider shopping around a bit more. There are Z06's sitting on lots at MSRP; granted, they don't sit for very long. And if you're willing to stretch the budget (+$5k), you could probably get one built to spec in short order. That said, if this car has all the options you want in the color(s) you want, you've done your due diligence from the warranty side, and you don't want to wait or spend a bunch of time calling dealerships across the state for a better deal, then go for it.
This is good advice. Dealerships will give you all the lip service you want just so they can get the car off the lot. Then, when you go back to them after the 3rd party warranty company voids the warranty, they'll tell you to kick rocks. Never take them at their word.
In any case, I feel like you could still do better on price. You're essentially paying MSRP for a used 1LZ. Lightly used, sure, but used nonetheless. You have no idea if it was properly broken in or if there are any other problems that the 1st owner or the dealership brushed under the rug, and now you don't even have the original warranty to back you up. I would strongly consider shopping around a bit more. There are Z06's sitting on lots at MSRP; granted, they don't sit for very long. And if you're willing to stretch the budget (+$5k), you could probably get one built to spec in short order. That said, if this car has all the options you want in the color(s) you want, you've done your due diligence from the warranty side, and you don't want to wait or spend a bunch of time calling dealerships across the state for a better deal, then go for it.
Great call on the window sticker grabber, I had no idea that existed. I actually asked them for it and they said they could find it. I'm going to tell them that I don't want the car unless they sell to me for no more than the MSRP price. They also told me that the vehicle warranty was more than the GM warranty, window sticker shows 5 year from GM. Here is the window sticker.
I was wondering about that too on the build sheet, I must have read it wrong. It says VRM Front Vertical Suspension.
Alied...and it covers everything I already went over the policy with them.
You should call them to ask specifically what’s covered when the manufacturer has voided the warranty. Every aftermarket contract I’ve seen specifically says repairs will not be covered if claims during the manufacturer warranty period aren’t honored by the manufacturer. Read the exclusions section of your contract VERY CAREFULLY. I can guarantee you they will not put it in writing that they will cover those repairs during the 4 years. Why would they when they’re charging the same price as a car that has the factory warranty in place?
You should call them to ask specifically what’s covered when the manufacturer has voided the warranty. Every aftermarket contract I’ve seen specifically says repairs will not be covered if claims during the manufacturer warranty period aren’t honored by the manufacturer. Read the exclusions section of your contract VERY CAREFULLY. I can guarantee you they will not put it in writing that they will cover those repairs during the 4 years. Why would they when they’re charging the same price as a car that has the factory warranty in place?
I remember reading something very similar on the only aftermarket warranty contract I've ever purchased. I agree, unless they can guarantee in writing on the contract itself that they will cover warranty items even if the original warranty is void, then this is a no-go. Those transmission replacements are mighty expensive...
As others have already pointed out, this doesn't appear to be a good deal. Are you sure the warranty isn't through Ally? That's generally who dealerships are partnered with. If so, the Ally Major Guard Warranty clearly states the vehicle is not eligible if the manufacturer's warranty has been void.
As others have already pointed out, this doesn't appear to be a good deal. Are you sure the warranty isn't through Ally? That's generally who dealerships are partnered with. If so, the Ally Major Guard Warranty clearly states the vehicle is not eligible if the manufacturer's warranty has been void.
Dealership GM called me last night at 10 and said they would drop the price and provide a 5 year bumper to bumper warranty including powertrain. You are correct it is Ally. I will have to mention the voided warranty language in the Ally contract.
The dealer can sell you the warranty, but you will never be able to actually use that warranty if the manufacturer warranty is voided by GM. RUN away from this "deal".
Question:
Given the litigious nature of the USA, if this stealership put this in writing and warranty work was required. would they be responsible to cover all costs or would this be strictly a "buyer beware" moment?
2020 Corvette of the Year Finalist (performance mods)
C4 of Year Winner (performance mods) 2019
There is no way you should do this deal unless you are good without a warranty. There have been multiple cases of dealers selling Z06s that were traded under the 6 month mark and selling an aftermarket warranty on the car only to have it denied the first time the new owner tried to use it. Do NOT fall for this BS! If it was sold/traded under the 6 month mark, the warranty is blocked and there is NO WAY TO WARRANTY IT! As to litigation, pretty sure it's be a "buyer beware" moment as it is printed right in the 2024 Owner's Manual. If you still want to consider it, figure out how much the warranty is worth to you. For me, it'd have to be at least $10-$15K under MSRP.
04-09-2024, 08:23 PM
Taking ownership of a 2024 1LZ tomorrow.
