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I am wondering what is a good price for a 2016/2017 Verano. I am interested in a purchase, not a lease. The local dealer has a 2016 1SV for $17900. That seems to be rather high.
I am wondering what is a good price for a 2016/2017 Verano. I am interested in a purchase, not a lease. The local dealer has a 2016 1SV for $17900. That seems to be rather high.
Hi @jjpcat, welcome. On the 2016 1SV, invoice is $21,885 and MSRP is $21,990. Don't know if that's a mistake or not - invoice has been inflating so much the last few years that it doesn't mean much any more but usually there's a couple of thousand dollars between the two numbers.
The True Market Value average price paid for a random zip is $21,019 or about $900 off invoice. That means that the typical below TMV price is around $19,000.
So that quote of $17,900 actually looks pretty good to me.
The trick I guess is finding out what other fees may be added on.
2017 numbers aren't much different - invoice is $21,884, MSRP is $21,990 and TMV is $21,225. Something tells me that a quote for the 2017 will be closer to $19,000, perhaps more.
All my numbers include the $925 destination and no options.
If you think you want the 2016 and think the number is too high, then you can test it by emailing some other dealers and see if they'll beat it. First you may want to get your local dealer to figure in all the taxes and fees and find out what the out the door (OTD) price will be. That'll tell you if there are any hidden fee surprises. Stuff like wheel locks or pro packs or paint protection are mostly just extra dealer profit.
Answers
The True Market Value average price paid for a random zip is $21,019 or about $900 off invoice. That means that the typical below TMV price is around $19,000.
So that quote of $17,900 actually looks pretty good to me.
The trick I guess is finding out what other fees may be added on.
2017 numbers aren't much different - invoice is $21,884, MSRP is $21,990 and TMV is $21,225. Something tells me that a quote for the 2017 will be closer to $19,000, perhaps more.
All my numbers include the $925 destination and no options.
If you think you want the 2016 and think the number is too high, then you can test it by emailing some other dealers and see if they'll beat it. First you may want to get your local dealer to figure in all the taxes and fees and find out what the out the door (OTD) price will be. That'll tell you if there are any hidden fee surprises. Stuff like wheel locks or pro packs or paint protection are mostly just extra dealer profit.
Holler if you have more questions!