I would not hesitate to buy a car from @Mr.CorvetteThe E-Ray has a price of $200,892.52 That's $23,738.52 over MSRP. The over MSRP includes $499 admin fee, another $409 for some mandatory package and tire duty, OMVIC and $85 for gas. So that $22K and change over sticker. All Taxes are extra.
There you go Scott, it's time to open up that Dealership!100 %
IMHO anything being sold over MSRP is gouging/scalping . Rude . That goes for concert tickets, ps5’s , or vehicles. They can slather it in lube and……reasonable profit is factored into MSRP is it not ?How is that car only costing the potential new owner $5400 in luxury and HST tax?
Forget the $892.52 for now to keep the #'s simple. MSRP is $177k and change, dealer markup is $23k making it $200k. Luxury tax is 10% of the total selling price of the car or 20% of the amount over $100k. In this case both works out to $20k so selling price is $220k + HST $28600 so total selling price is $248,600 to drive the car home.
edit: Ok, after reading Scott's post again I figured it out I didn't take in the additional part of the amount that he had posted I just thought he meant the car with the markup is only adding $5400 to the car in Lux and HST. He is right. That's a hell of a markup it's also another small car you can buy as a daily. Really super tough right now to buy a new car in these price ranges.
I was trying to answer the question that was asked and yet to be answered being - how much for the car?How is that car only costing the potential new owner $5400 in luxury and HST tax?
Forget the $892.52 for now to keep the #'s simple. MSRP is $177k and change, dealer markup is $23k making it $200k. Luxury tax is 10% of the total selling price of the car or 20% of the amount over $100k. In this case both works out to $20k so selling price is $220k + HST $28600 so total selling price is $248,600 to drive the car home.
edit: Ok, after reading Scott's post again I figured it out I didn't take in the additional part of the amount that he had posted I just thought he meant the car with the markup is only adding $5400 to the car in Lux and HST. He is right. That's a hell of a markup it's also another small car you can buy as a daily. Really super tough right now to buy a new car in these price ranges.
Darrell, my wife's uncle spent 40 years at Humberview as Secretary Treasurer and if I ever had a chance to own that or any other Chevrolet/Cadillac dealership believe me, I would have been all over it! I think my rules would have been when a potential customer asks you for the price of a car, your damn well answer it or pack your stuff and get out!There you go Scott, it's time to open up that Dealership!
I was trying to answer the question that was asked and yet to be answered being - how much for the car?
My mathematics was meant to point out how much extra was being charged for the car over sticker including the additional taxes
and I'm glad that Vettenut got a good laugh out of my answer.
Reasonable profit is one thing. Potential profit is another matter. Many dealerships have been languishing in potential profit since the the C8 hit the market.IMHO anything being sold over MSRP is gouging/scalping . Rude . That goes for concert tickets, ps5’s , or vehicles. They can slather it in lube and……reasonable profit is factored into MSRP is it not ?
Sure in our capitalist economy one could say charge what the market will bear as the old cliché goes but if that is the case why even have something like MSRP ? If that rationale applied to all transactions a large portion of the population would be priced out of the opportunity to purchase many goods.Reasonable profit is one thing. Potential profit is another matter. Many dealerships have been languishing in potential profit since the the C8 hit the market.
This one is a different car with a window sticker of $193,844. It's a 3LZ HTC, with CF wheels, CF ground effects, front lift, ZER, black exhaust tips and more.I think this is it.