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Comments
I had a similar experience when I purchased my coupe in 2003. When I placed the order in December, 2002, the local dealers were asking and getting MSRP for non-Z06s ($2,500 over MSRP for Z06s). As a result of the considerable business that I had done with other dealers in the group that the dealer is a member of, I was able to get a significant discount.
Warranty service is another area where a prior relationship pays dividends. This past March, I had a problem with the transmission. I dropped the car off on a weekend. On Monday, the service manager called me to let me know that he had assigned their top mechanic to fix the problem. By Friday, the car was fixed and when I picked it up, it had been freshly washed and vacuumed.
To net it out, I have a relationship/reputation with the group of dealers - they give me their best price and I give them the service business on the cars. They in turn put their best people on any problems that need to be fixed. If you have a similar relationship with your local dealer (it sounds like you do), that relationship is worth keeping as the dealer can make or break the ownership experience.
We are set to pick up the wife's new Vette in early July and are already booked on the lake in Yellowstone on the way back. I think that combination will be worth the extra effort to get it home.
a 2006 Z06 will not happen. You all would not believe that I make a living as a crisis consultant( USA and Europe) where quick and sound decisions can be a matter of life or death--and I stress,ponder, rationalize, yin/yang and vaciliate over C5 or C6.Deep Discounts on Corvettes can make you crazy.
Please continue to share, this weekend is Decision Weekend!
Thanks, Guys---Ultraman19
Sure, the C5 Z06 will take a hit depreciationwise. How much is questionable right now...depends on the sticker of the C6 Z06. If they tag the new one near 60k, then the '04 will remain an attractive buy for those looking. If GM mid 50's it and it comes with 500+hp and 3000# then the C5's will get hit harder. Remember also, the C6 Z06 will command sticker+ when it comes out next summer so figure spring of '06 before you see some good discounts on the '05.
Sorry I can't be more help...whatever you do, DON'T LOOK BACK and enjoy whatever you get!
The current Z06 had about a $7k premium from a coupe so that puts the new one very close to $60k and I'm guessing more, early on. Enjoy the ride for a couple years, at that price the value will hold to some extent.
BTW, I've got just a couple years info on you and never looked at a Vette before the one I bought in 2001. No expert here, just like to think I'm observant of the market.
early Monday. You guys have been a wonderful help in giving me perspective and the benefit of your expertise.
Thank you and please share any further ideas and guidance. I promise I will pass on your advice and feel grateful for your interest in someone you don't even know. The "Corvette Family" is special.
Ultraman 19
http://www.westcoastcorvette.com/shop_online/prod_detail.cfm?id=5- 13
The wheels are very handy - more so if you have bad (dippy) roads.
My option list was about 4500. I had HUD on my old SSEi. It was neat but could be forgotten. I'd like to see heated seats, garage door opener, XM radio, on star ...all stuff on my wife's Denali. Maybe one of those stratolounger chairs that lifts old people out of the seat would be nice too. Black over silver/black interior.
Comments?
Thanks,
Ultraman19
Now ready to trade up to the Vette and need help. I got a price on an '04 convertible in torch Red with no options from a local dealer. MSRP $51,535, Net price of $46,535.
From earlier postings I've seen discounts of up to $10K and wonder if I'm not getting the best price possible. With the 2005 coming shortly, I think this would be my best opportunity.
As to: "Had it not been for the impending C-6, it would be a justified investment."
I think the pricing is so far down for the C5 right now that they can be a 'reasonable' investment when compared to what was paid just a couple years ago. I think they will hold current value for some period until the C6 starts to get discounted. MSRP was common at local dealers for '02's and depreciation was probably close to $4k or maybe $5k per year for at least several years. But when there are $10k discounts in pricing for new ones the cost starts so much lower that the per year decline falls by a big factor and tightens up the spread between yearly values.
http://www.kerbeck.com/2004_corvette/2004_corvette.htm
Or you might get a better deal going through one of the web sites mentioned above that are corvette specific. Good luck.
BTW, that deal above is on a Coupe, almost fully optioned but still just a coupe.
My local dealer matched Kerbecks price and saved me the $1350 to have the car shipped to my door.
Dealer list price: $57,485 I paid: $45,479
Too late to be concerned but will these deep discounts be reflected in an artificial depreciation? I don't see how because many people are not getting close to that kind of discount.
Thank you everyone for the advice and guidance.
Ultraman19
As for GM protection plan, Major Guard, this is from a newsletter:
1) GM now defines new as cars and trucks that are less than one year old and have less than 12,000 miles!!
If you fall into this category you can purchase the plan at the much lower new car price!!
2) Any customer who has a GMPP contract with at least 3 months AND 3000 miles of coverage term remaining may purchase additional coverage. This can only be done by canceling the existing contract and submitting a Contract Registration Form for the new coverage desired. The existing contract will be canceled and the refund will be calculated on a pro rata basis with all refunds going to the appropriate parties with the cancellation fee waived. The following purchase rules will apply:
* The customer may purchase only the same or a lesser level of coverage.
* The customer may choose only a $50, $100 or $200 deductible regardless of the deductible on the original contract.
* The customer may purchase only a term and level of coverage that is available for the vehicle based on its current age and odometer miles.
* The Dealer Cost and MSRP will be those in place at the time of purchase of the new contract.
3) Please note the following enhancements to the 2004 General Motors Protection Plan (GMPP) and Mechanical Repair Protection (MRP) program:
*Term and mileage of coverage will be calculated from the date of contract purchase and the current odometer mileage. This change should eliminate consumer confusion regarding term of coverage.
*General Motors Dealers can now sell GMPP on all makes and models
regardless of manufacturer.
We sell the plan on all vehicle makes and models, not just Corvettes!!!
Save BIG BUCKS today!
Give us a call or email us with your VIN and present odometer reading for a no hassle quick and easy price quote:
Email address is:
gmpp@fichtnerchevrolet.com
Or call us at: 406-628-4618
WE WILL MATCH ANY OTHER GM ...
I get my Vettes through them, in Montana, if you want another quote.
I also found some after market splash guards on a couple of web sites [thanks all for the input] but there were none on the GM accessory site of GM parts, so I suspect even if I got some after market ones the dealer would not want to put them on since they wouldn't be GM parts. No big deal to me as my Ziebart guy can probably get some and do the mounting just as easily when the car goes in for tinting.
I'm out of the net for 10 days of vacation, then the honeymoon starts with the new Vette. Be checking back then. Have good weekend everyone.
Could you discribe the product?
Does it discolor paint?
Cost?
Where to purchase? I live in Edmond, Ok.(outside
OKC)
How is everyone doing?--it seems many are taking delivery on new deep discounted Corvettes--SUPER!!!
I appreciate the support and guidance.
Ultraman 19
As to the 3M bra thing, I've heard it was great. As I recall, it must be applied professionally and the cost escapes me now...$500???
If you do not get an answer here, I'll go on another board and get specifics. Post here and I'll follow up if you do not get an answer.
Now, go out and stand on that gas pedal...the smile will not get erased!
appreciate all the specific information you
could supply.
Thanks----Ultraman19
Please private me at gbjerke@aol.com and I'll supply additional info.
Down side? 1. have to keep it clean and occassionally wash it 2. pita to take on and off for washing and rainshowers, but overall a good prophalatic!
There are tests that can be done to check for leakage from the seals; however, I doubt that the dealer will want to go through these tests, since you always have the factory warranty for any problems that occur.
See if the dealer will throw in a new battery when you buy the car.
If it's a coupe, no way it's worth $15K. More like half that.
The problem with buying a low miles car is this: Now what do you do?
Since you paid a premium for the low miles, if you drive it, each mile you add is going to be more expensive to you than to the guy who bought the identical car to yours but with higher miles. He's already had the depreciation for miles deducted prior to his purchase.
If you DON'T drive it, that's somewhat pointless, because a '91 Corvette is not going to appreciate in value anytime soon, and will in fact decrease in value over time.
So I'd say, yeah, sure, if you can get a cherry, low miles '91 convertible in outstanding condition for a fair price, do it. But then, don't forget to drive it. If you "horde" it, both you and the car will lose, I think.
Back to what it's worth, what willing buyer and seller agree on! Getting a car that will depreciate only $1k to $2k per year vs. the $5k per year for a newer more expensive model seems good to me. But then again, I've got too many cars. And I'm enjoying it!