My dealer offered me 5k to walk away, then asked how much then...................No thanks
Flipping your C8
- Thread starter Rruuff Day
- Start date
But, what if a dealer orders one in a buds name to get the order in and then when car
arrives he puts the C8 in dealer inventory claiming buyer walked.
Who is to know the difference?
Ordered cars at this, and most dealerships sell to the client that puts down a deposit and ordered the car at MSRP and waits their turn. Dealer owned cars do not. Flipping cars within Canada doesn't affect the dealership. It's the cross border ones that are frowned upon. Like Gilles mentioned, his dealer was fully prepared to cut him a fat cheque to buy back his car before it left the lot. You really think they were going to resell it at MSRP? Yeah Right.
If you're prepared to scout out a dealer across Canada that has allocation and you can get on the list, you won't pay $20 or $30k over and as you say, can ship the car for less than $2k. But if you dogged around and didn't get on an allocation list, can't find a dealer who has enough allocation, aren't prepared to wait one to two years for your car while your dealer buys lunch everyday with the interest off your deposit, or were at 3000 and all of a sudden GM stopped production, those are the buyers that will spend the big bucks extra to get a new car next week while the rest drool when they see it driving down the street and spend every day on the phone wondering why Joe has a car and John doesn't. JMO
JohnP said:
"IMO, any GM dealer asking over MSRP should have their franchise license pulled."
So which is it then? Ban five buyers for exporting a C8 or ban a 2000 vehicle a year dealership for selling their own C8 for whatever a buyer will pay?
Just my opinion ...
A Dealership with selling policy and acting in a way seen with very little
difference to what they are discouraging, is Dealership Sales being run by hypocrites.
(important is that I judge a dealership separately from its sales and its service)
To deflect with reasoning of sustaining c8 allocation versus just profiting $30k is
an excuse that smells like poop. Now, if dealership truck and suv allocations were affected
as a result of c8 abuse, that would have me believing with a business level of understanding.
Be honest ... with wanting $30k along with an ambiance of being OK with never seeing a customer again.
They obviously don't give a crap about referrals and servicing. I realized this during many unsuccessful
efforts for a new C7-ZR1 and am absolutely OK by not compromising disposable
nor the level of integrity that I hold myself to.
Again ... it's just opinion.
I have actually seen a "no-resale agreement" signed during three referrals of mine whereas my
referral-purchaser is receiving an awesome price reduction benefit from a "pricing program"
(ie Telus and EPS) whereas a customer will not be able to benefit from the program again
if found abusing the rather short-term no resale agreement.
Unless mandated via Provincial Registry (transfer) and/or Border Services (import/export),
I really can't see a no resell agreement being effective when paying no less than MSRP.
A Dealership with selling policy and acting in a way seen with very little
difference to what they are discouraging, is Dealership Sales being run by hypocrites.
(important is that I judge a dealership separately from its sales and its service)
To deflect with reasoning of sustaining c8 allocation versus just profiting $30k is
an excuse that smells like poop. Now, if dealership truck and suv allocations were affected
as a result of c8 abuse, that would have me believing with a business level of understanding.
Be honest ... with wanting $30k along with an ambiance of being OK with never seeing a customer again.
They obviously don't give a crap about referrals and servicing. I realized this during many unsuccessful
efforts for a new C7-ZR1 and am absolutely OK by not compromising disposable
nor the level of integrity that I hold myself to.Again ... it's just opinion.
I have actually seen a "no-resale agreement" signed during three referrals of mine whereas my
referral-purchaser is receiving an awesome price reduction benefit from a "pricing program"
(ie Telus and EPS) whereas a customer will not be able to benefit from the program again
if found abusing the rather short-term no resale agreement.
Unless mandated via Provincial Registry (transfer) and/or Border Services (import/export),
I really can't see a no resell agreement being effective when paying no less than MSRP.
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Here's the verbiage that was on my bill of sale about the refund GM is going to give me, Customer agrees to accept program resposibility ( I.E any chargeback vehicle must be retained in Canada for minimum or 12 months and 12,000kms) which is fine no plans on selling
CamsC8
Power User
All I can say guys is GM is in fact blacklisting folks from buying new GM products if you were complacent in "flipping" a new C8.
It all depends on the scenario. If you or the person you sold it to is a known exporter then kiss goodbye any chances of getting another GM product, especially if the car lands in the U.S. (yes, protectionist measures by GM). Furthermore, there's a stipulation that you must own the vehicle for a certain period of time or mileage.
GM is in the business of selling cars but they also have markets and Corvette image to maintain. They will in fact ban you regardless of whether you knew or didn't know who you sold the car to. Want to test this? I don't advise trying.
I know of two firsthand but cannot elaborate more on it.
It all depends on the scenario. If you or the person you sold it to is a known exporter then kiss goodbye any chances of getting another GM product, especially if the car lands in the U.S. (yes, protectionist measures by GM). Furthermore, there's a stipulation that you must own the vehicle for a certain period of time or mileage.
GM is in the business of selling cars but they also have markets and Corvette image to maintain. They will in fact ban you regardless of whether you knew or didn't know who you sold the car to. Want to test this? I don't advise trying.
I know of two firsthand but cannot elaborate more on it.
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To each their own. I’ve expressed my view. No one needs to agree. I was talking more about dealers selling over MSRP not about peeps exporting to the USA. In any event, enjoy your cars or your money!
CamsC8
Power User
Dealer's aren't allowed to sell over list and they aren't allowed to sell for stock with lists of folks with SRE orders. Any dealership selling over list right now would either have bought the vehicle used or done am agreement to sell after a cancellation but still then, I don't think they can sell over list unless used with mileage and punched.
Like the total they've ever received and sold? No, best you can do is ask them how many yearly allocations they get and make a guesstimate based on that. You won't find the exact number on a list somewhere.
As the word “suggested” implies, the car dealerships are under no obligation to actually sell a stock vehicle at the M (Suggested) RP. Car dealers can set their own prices and advertise vehicles for whatever the market demands once that car is invoiced and paid for by them. No time limit and no mileage required. A car special ordered at MSRP, or a car on the lot advertised for MSRP must be sold for MSRP (dealer admin and PDI extra). That's law.
Since the market is high demand for C8's (and other high end, short supply cars and trucks), if the dealer is able to acquire these cars by cancelled special orders or cutting the buyer a fat cheque for his special order, the car then gets a 'sticker' price and can be sold legally for whatever a buyer will pay. In a perfect world, a very fair dealer would offer that car to someone who has yet to pay for their car, and further down on their special order allocation list, and at MSRP but perfect worlds are few and far between. Maybe @Andrew Spencer or one of the other CCF vender dealers would like to chime in as it appears there are still many assumptions out there.
Since the market is high demand for C8's (and other high end, short supply cars and trucks), if the dealer is able to acquire these cars by cancelled special orders or cutting the buyer a fat cheque for his special order, the car then gets a 'sticker' price and can be sold legally for whatever a buyer will pay. In a perfect world, a very fair dealer would offer that car to someone who has yet to pay for their car, and further down on their special order allocation list, and at MSRP but perfect worlds are few and far between. Maybe @Andrew Spencer or one of the other CCF vender dealers would like to chime in as it appears there are still many assumptions out there.
I wonder if it would actually make sense to order now, under the anticipation that you want the car in 2022/2023... Who knows what happens between now and then though?
I guess that’s the trick of the trade. I’ll keep hunting for something old something new something borrowed some blue. Hey wait a minute am I getting !!!!!!! to a Corvette. Cheers
no rush. Save the best for last.
Over here, the 2nd hand dealers are buying them from owners and flipping them. It must be working because they do not sit long at all.
