Originally Posted by ls11

so can u really get a base 08 vette automatic for around 34 otd with the zero percent?

what would be the otd on a 08 z06 1lz base?

i might be interested in one of each. let me know.

Originally Posted by 9sec02ss

here is an email i got and responded to, i figured i would share it with yall and it will help the ones that are shopping for a vette or any gas drinker right now in this economy




i cant tell you how much we can sell a car for #1 i work as a finance manager #2 i could lose my job #3 sales managers will not go into holdback unless you are doing extensive price comparising on a car that cost them money to keep in stock..... but i can tell you how to negotiate the best deal, #1 do a search of all the chevy dealers within 250mi. from your house #2 get their internet sales fax numbers #3 fax all the dealers a letter saying your name and e mail, which vehicle you want and note that you're not interested in employee pricing or invoice pricing and you know dealers will go into holdback to get rid of non selling units, include its towards the end of the year and you want an 08, also state that you are sending this fax to every dealer withing 250mi of you and whoever gives you the best otd price will earn your business #4 always negotiate through the internet and e mail or fax, not by phone or going into the dealership, only go there to sign after all the negotiating is done #5 not everyone will give you attention cuz they work off of commision and if they sell it that cheap they are basically working for free... so the ones that dont email back or fax you back anything then find out the name of the general manager of that dealership,.... contact him by phone or email, tell him exactly what you are doing, general managers get paid from inventory and number of units sold and they lose money on their pay check by cars sitting on the lot costing the dealer thousands in interest, so the general manager wants this gas drinker gone!!! and he will get on the *** of the internet dept to do exactly that,...... this method should be very helpful on getting a smoking deal, i hope it helps you on your purchase

Originally Posted by Nine Ball

Hmmm.... I've bought numerous new cars in the last few years (sickness? yes) and I am leaning towards what 9sec02 has said, based on my own experience.

GMS is a good starting price. But, don't forget to tack on any available rebates and slap down your GM card points on top of those too. Typically I've paid total invoice (green area shown above) minus holdback, minus rebates. Basically the same thing as GMS minus rebates.

I also do my negotiations via email, just as that guy recommended. Only chumps waste their time at a dealership haggling with commission guys who aren't looking out for your best interests. The internet sales mgr at each dealership is also the one I prefer to chat with.

Recent brand-new purchases:

2005 Corvette
2006 Civic
2006 Harley Fat Boy
2006 Harley Sportster
2006 GTO
2006 Mustang GT
2006 Ram 2500 4x4
2006 Ram 1500
2007 GMC Sierra
2007 Ford F150
2007 Escalade
2008 Silverado 2500
2008 Cadillac CTS

I've had a little experience buying cars

Originally Posted by Nine Ball

Sarge, most people would just call me broke after wasting all that money on new car purchases. I was displaying my poor judgement skills at financial decisions.

Originally Posted by 9sec02ss

look dude let me help you understand this..... im not talking about getting a better deal on the "employee" pricing promotion, the employee price is 5% over invoice minus rebates,..... gm does not include any holdback on their gm employee pricing promo, thats what you dont understand,...... holdback is different for each dealer when you factor in amount of inventory, amout of vettes that were ordered and delivered this year, and how much interest owed on the banks holding the mso's on current inventory,..... look everyone in arlington knows vandergriff is famous for their $100 over invoice pricing on their cars,...... FOR EXAMPLE: if a cars invoice is $20,000 then we could sell it for $20,100 thats $100 over invoice but if you get the "employee" pricing promo its 5% over invoice which would mean you would take 20k and times it by 5% and adding the two figures together,..... that means the gm employee price would be $21,000 on a invoice of $20,000,...... we sell $100 over invoice all the time which in this example would be $900 less than the "employee" pricing,..... negotiating has nothing to do with the employee pricing, the dealer can sell something for as much or as little as they want its up to the dealer but when you sell something on a promo like the gm employee pricing promo you have to go by the guidelines which is 5% over invoice,..... so you say how do we make money on a car if we sell alot of them $100 over invoice??? HOLDBACK!!! if we only make $100 on a car today and it has a holdback of say like a silverado z71 of $6200 then when the dealer gets their quarterly holdback checks we will have totally made $6300 dollars on that silverado z71, $100 from over invoice when it was sold and $6200 in holdback on their quarterly checks....... how do you think dealerships make money?!?!?!?! its all holdback, look with all the internet pricing and shopping and negotiating going on, i mean look, who goes into buying a car and not beat the dealer up on price???? i would say maybe just maybe 1% of the population buys cars for msrp. well if everyone is negotiating and there is soo much competition then how can these dealerships afford to pay all their employees, pay for insurance, health insurance, taxes, payroll, all the property and afford the multi million dollar lot and showroom and service dept and the hundereds of thousands they spend every 2 months on just interest alone on current inventory to the banks holding mso's???? how do they afford that??? HOLDBACK..... when negotiating sales managers never go into holdback they just go off of invoice plus what they sell it at and thats their profit, THE ONLY TIME A DEALER WILL GO INTO HOLDBACK IS ON SOMETHING THAT DOSENT SELL, COST THEM MONEY ON INTEREST AND THEY ARE NOT HOT SELLERS, like the suburban, tahoe, 2500hd silverado and the gas drinking vettes,..... gm employee pricing has nothing to do with holdback, holdback is strictly confidential to the individual dealer, I WAS JUST POINTING OUT THAT YOU CAN GET WELL INTO HOLDBACK WHICH RANGES FROM $6000-$9000 ON VETTES AND Z06 IN THIS MARKET RIGHT NOW, just trying to help other ls1 guys understand that 5% over cost which is gm's employee pricing may sound good for advertisement purposes and comercials saying hey gm now has employee pricing,.... but its not the best way to get the best deal...... sorry for trying to help other people, but now i hope you understand the difference between a promo and non promos, and if you dont understand after all of that then just go back to changing oil in the service dept and leave all of this to someone with an education, im not trying to sound like a dick but your calling me a liar and im not lying im telling the truth about the market right now and trying to help people.....

Originally Posted by Nine Ball

Hmmm.... I've bought numerous new cars in the last few years (sickness? yes) and I am leaning towards what 9sec02 has said, based on my own experience.

GMS is a good starting price. But, don't forget to tack on any available rebates and slap down your GM card points on top of those too. Typically I've paid total invoice (green area shown above) minus holdback, minus rebates. Basically the same thing as GMS minus rebates.

I also do my negotiations via email, just as that guy recommended. Only chumps waste their time at a dealership haggling with commission guys who aren't looking out for your best interests. The internet sales mgr at each dealership is also the one I prefer to chat with.

Recent brand-new purchases:

2005 Corvette
2006 Civic
2006 Harley Fat Boy
2006 Harley Sportster
2006 GTO
2006 Mustang GT
2006 Ram 2500 4x4
2006 Ram 1500
2007 GMC Sierra
2007 Ford F150
2007 Escalade
2008 Silverado 2500
2008 Cadillac CTS

I've had a little experience buying cars

Originally Posted by Ravenous T\A

and that has nothing to do with what were talking about. I said u get rebates and/or rate. Morpheus posted an actual GM invoice......H/B and Invoices are the same for all dealers...why would we dealertrade if H/B is different for each dealer? That makes no sense that H/B is different from each dealer. The amount stated on the invoice is the amount that will be paid. But hey u would rather believe a racist commenting (jewish people are not all penny pinchers and thats one race all people should have respect for with their history u goose stepper) F&I guy who has the maturity of a 15yr old and I bet hasn't been the business as long as I have. Im sure he works off of the ReyRey system (ERA link) for his finance screen and I see the same thing he does everyday and he has no idea what he is talking about

Originally Posted by Ravenous T\A

and that has nothing to do with what were talking about. I said u get rebates and/or rate. Morpheus posted an actual GM invoice......H/B and Invoices are the same for all dealers...why would we dealertrade if H/B is different for each dealer? That makes no sense that H/B is different from each dealer. The amount stated on the invoice is the amount that will be paid. But hey u would rather believe a racist commenting (jewish people are not all penny pinchers and thats one race all people should have respect for with their history u goose stepper) F&I guy who has the maturity of a 15yr old and I bet hasn't been the business as long as I have. Im sure he works off of the ReyRey system (ERA link) for his finance screen and I see the same thing he does everyday and he has no idea what he is talking about

Originally Posted by Morpheus

Dealers do receive holdback money from GM during the year.

I'm not trying to start a war here, I'm just saying that I've never seen a dealer offer up prices $900 less than GM employee pricing before rebate unless the vehicle is old aged or is something that is hard to sell. If you'll notice on the invoice that I posted where it says MEMO and has a dollar amount beside it. That's roughly what the dealer gets paid for selling that unit on the GMS program. If they want to sell lower than that WITHOUT FIGURING IN REBATES, more power to them but I promise you it's going to be hard to find a dealer that will do it.

Originally Posted by Ravenous T\A

that is what the dealer gets paid on GMS, sometimes on old units that are hard to sell GM will come out with dealer cash that only the dealer may know about yes sometimes the dealer does Hold it, I wouldnt consider that Holdback, since I put that amount on a different line when I recap and close a deal. But most of the time a dealer will give that money from GM to the customer cause it will help sell that old unit faster....right now there is none on vettes accepts direct mail coupons and GM card earnings, no "old invoice cash"