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Holdback, how much is it really on Corvettes?

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Old May 15, 2004 | 06:43 PM
  #1  
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Default Holdback, how much is it really on Corvettes?

I am on a list like many people for the new C6 Corvette, but there are some very attractive prices available right now. I have a dealer tellilng me he will sell me a Z06, at invoice, less rebates ($3,000 right now!), less holdback!

Isn't this basically dealer net, before dealer specific incentives and volume bonus at the end of the year? So, the real question is this: This 2004 Z06 MSRP is $52,885 which means invoice is $46,367. Take $3000 off (Bonus Cash right now if you don't finance) and you are at $43,367.

So now it's how much more would be taken off for "holdback"? What I really want to know, does anyone know for sure, what holdback is on a new Z06 with an MSRP of $52,285? Or, does it vary as I have been told?

I have heard several numbers, I have heard it varies, for a number of reason, like: based on region, dealer size/volume, and supposedly the number of different brands a dealership may represent. Maybe I am confusing two different items, or am I?

I have heard "holdback" is anywhere from 2 1/2% of MSRP, 4%, 5% or , even 6% of MSRP,which would be from $1322, $2115, $2645 or $3173 respectively, on this Z06. I want a good deal, but I would like to know-- how much the dealer is really making on me.

What's the truth folks? Do I really need to see the dealers specific paperwork to know the truth?

Is $41,900 for a new 2004 Z06 worth it, especially with a new model coming out? AND, when I really want the new 2005 Convertible that will be out in January!

I do know this. If I take this deal, I will be regretting it come March. Is there any dealer out there willing to agree to a two car deal? Sell me a 2004 at a specific price, WITH the agreement that I can trade for a preset price for a new 2005 Corvette Convertible when it comes out. I sure would like to find a dealer willing to do this............AND have it on paper what it would cost to trade for a new 2005 Corvette convertible.
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Old May 24, 2004 | 09:19 AM
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Default

Originally Posted by Red02Firehawk
Is $41,900 for a new 2004 Z06 worth it, especially with a new model coming out? AND, when I really want the new 2005 Convertible that will be out in January!

I do know this. If I take this deal, I will be regretting it come March. Is there any dealer out there willing to agree to a two car deal? Sell me a 2004 at a specific price, WITH the agreement that I can trade for a preset price for a new 2005 Corvette Convertible when it comes out. I sure would like to find a dealer willing to do this............AND have it on paper what it would cost to trade for a new 2005 Corvette convertible.
If you really want a C6 convertible, which, BTW should be out in September as they are starting it within the first month of production, don't get the Z06. The price they are giving you is great, but trade in will be based on the selling price for 04 C5s, which is, as you have seen, is in the crapper. You would be lucky to get 35K for your trade, especially from the same dealer.
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Old May 24, 2004 | 02:21 PM
  #3  
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Default But I want the convertible, which I think is January

I want a convertibe C6 and have my name at one dealer already. He wanted money, I said no, so he's going to order it, with the options I want, but he can sell it, should someone give him more then MSRP.

Which means, I have nothing......

I am willing to wait until later in the spring when prices, hopefully will soften a bit. I just refuse to pay full MSRP, I never have, and don't intend to. And, I was the first person in Iowa with a new 1984 Corvette! I have owned several but I just cannot bring myself to pay full sticker.

I may have to wait until 2006, but I can be patient. Now, you see why I was leaning towards buying a Z06 now.

How about it dealers???? Anyone willing to sell me a C6 convertible for $1000 under MSRP? I can wait until March, or April!

JC
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Old May 25, 2004 | 11:58 AM
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Holdback is 3% of MSRP not including destination charge. If the car's MSRP is 52,800 and $800 is destination fee, holdback is $1560.00.

I have an invoice in my hand.
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Old May 26, 2004 | 01:15 AM
  #5  
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Originally Posted by Red02Firehawk
How about it dealers???? Anyone willing to sell me a C6 convertible for $1000 under MSRP? I can wait until March, or April!

JC
Not to hype another site but if you really want a C6 Corvette ,
then you should check out a Forum that has 7 or 8 supporting dealers. Most are selling at MSRP, but several are already giving up to $500 off, and the 1st one isn't even built. By spring, they may give more than $1000 off. They're already giving $10-11K off C5s.
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Old May 26, 2004 | 11:07 AM
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I just ordered my '04 Corvette from http://www.nationalcorvettesales.com/ Karl has competitive prices, is honest, nice, and VERY helpful. Yup, Karl is da man.

("CorvetteForum" is not a dirty word here.)

Last edited by Colonel; May 26, 2004 at 02:13 PM.
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Old May 27, 2004 | 11:06 PM
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If you look around CF, you can find 04' Coupes in the mid to upper $30k's from supporting vendors.
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Old May 28, 2004 | 11:09 AM
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Originally Posted by Colonel


I just ordered my '04 Corvette from http://www.nationalcorvettesales.com/ Karl has competitive prices, is honest, nice, and VERY helpful. Yup, Karl is da man.

("CorvetteForum" is not a dirty word here.)
Hey, Colonel, Karl sold me my vette, too, although for me, he is a local dealer, even though I found him through CF. He'll treat you right. He spends about 1 1/2 hours with you in the car, including the test drive, explaining all the features and quirks.
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Old Jun 1, 2004 | 12:30 PM
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there is a lot of great info on the Corvette Forum... including tons on the C6... I just got bak from the Cruise in at Bowling Green... got to spend lots of time with Dave Hill and 2 C6's.... with feed back from those who got to drive them...
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