What an Outrageous Rip Off from A Dealer on a Corvette Purchase

[Lakota]

I glad it's not me. I feel sad for anyone accepting this deal. :cuss:

[StaticCling]

**** THAT!

90k over MSRP non refundable deposit? Crooks. :wtf:

[Norm]

Has since been rescinded and dealer apologizes.
But outragious nevertheless.

[Rob]

Looks like they know the f'd up - they have turned off commenting on their social media posts

https://www.facebook.com/machaikchevrolet


mac haik chevrolet

[vettemed]

Highway Robbery, but you know what they say about a fool and his money...

And, on a different note, it's still better than the taxation without representation we're all living under right now.

[Stevedore]

Dealers are scum. They campaign against manufacturers' direct sales to consumers, saying that the "dealer model" provides a valuable service to the customer, but then they pull crap like this.

[StaticCling]

Dealers are scum. They campaign against manufacturers' direct sales to consumers, saying that the "dealer model" provides a valuable service to the customer, but then they pull crap like this.

Probably why places like Carmax and Carvana are thriving. Yeah, you might pay an elevated price for a slightly used car, but you don't have to deal with some slimy smarmy sales asshole. :island14:

[Dan47]

Supply / demand and a dumbass consumer that can’t control his desire for “stuff”. I’m not seeing a problem here outside government intrusion/ incentives, (e.g. easy money interest rates, welfare/stimulus checks, etc.)?

I wouldn’t buy from that dealer under those conditions but who am I to decide for other’s? Maybe the consumer has a smooth swamp gig, paying him to look busy? Technically then, taxpayers are overpaying for the corvette not him. He’s getting something for nothing.

Just another example of this crazy government/central bank, command economy, IMO. Not unlike current prices for homes, stocks, etc.

[LATB]

[devil’s advocate on] and every person selling their home for hundreds of thousands more than they paid for it 3-5 years ago? [devil’s advocate off]

[m and t's77]

[devil’s advocate on] and every person selling their home for hundreds of thousands more than they paid for it 3-5 years ago? [devil’s advocate off]

Shhhh,you might ruin some good rants with your logic.:D

[VatorMan]

I see the customer signed it KNOWING he was being charged and for his non refundable deposit. Hell, that wasn’t even fine print.

The only way to keep it from happening is to go to the Tesla/Saturn way of sales. Take the dealer out of the equation.

[LATB]

I see the customer signed it KNOWING he was being charged and for his non refundable deposit. Hell, that wasn’t even fine print.

The only way to keep it from happening is to go to the Tesla/Saturn way of sales. Take the dealer out of the equation.

That may happen sooner than later. Dealers will become order takers and delivery facilities with parts and service being the profit centers.

[Egnalf]

Why would you feel bad for someone who can afford to throw away 90k for a "must have it now" car?

I love the biased comments from the poor people. I see it frequently where I spend my summers. There are anything from those worth a few million to a few billionaires. The "poor folks" there cry about the one guy who gets custom painted lambos and bently's seemingly every few months. I applaud him for enjoying his money.

[LATB]

Why would you feel bad for someone who can afford to throw away 90k for a "must have it now" car?

I love the biased comments from the poor people. I see it frequently where I spend my summers. There are anything from those worth a few million to a few billionaires. The "poor folks" there cry about the one guy who gets custom painted lambos and bently's seemingly every few months. I applaud him for enjoying his money.

And on the flip side, I know a guy worth a few 100M who’s bitching about new F250’s are 20K over MSRP.

Some people are just cheap.

[Rob]

[devil’s advocate on] and every person selling their home for hundreds of thousands more than they paid for it 3-5 years ago? [devil’s advocate off]

:afrocool: well....it is tempting

[StaticCling]

And on the flip side, I know a guy worth a few 100M who’s bitching about new F250’s are 20K over MSRP.

Some people are just cheap.

The wealthiest person I ever knew rode the bus.

[Don Rickles]

That flyer was made up by their biggest competitor a few towns over! His markup is only 85,000 with a $5000 deposit nonrefundable!

[Bill]

Local dealer. They should be able to sell for whatever they want, as long as they are following their agreement with gM. And we should be able to choose not to do business with businesses we think are scalping. Cheaper Than Dirt, looking at you here......

[DJ_Critterus]

Looks like they know the f'd up - they have turned off commenting on their social media posts

https://www.facebook.com/machaikchevrolet


mac haik chevrolet

looks like the post is gone, too.

[ratflinger]

If buyers would refuse to deal like this then the car sellers would have no choice but to stop. But as long as there is one asshole, with a bank full of cash, saying 'I want that car at any price' this is what you'll get.

[Onebadcad]

Capitalism at its finest.
With that said it must be compliant with all applicable laws, with GM policies, and should not replace written, not oral, agreements in place with customers.

I am on Ciocca / Kerbeck lists, #698, I may not get mine until end of 2025, I was told MSRP, the wait will be worth it.

Have seen a few dealers mentioned in CF C8Z section that told all on their list, many with deposits, that they would not be honoring the verbal offers, all on list would be removed, the list has started anew, with the agreement there would now be an ADM, and the ADM is yet to be determined. This sucks, but the problem is nothing was in writing and signed. Not sure if an argument could be made that a buyer went on this list after being told NO ADM, and no they cannot get on another dealer's list this late in game and hope to get an C8Z by end of production run.

[Onebadcad]

If buyers would refuse to deal like this then the car sellers would have no choice but to stop. But as long as there is one asshole, with a bank full of cash, saying 'I want that car at any price' this is what you'll get.

I would not label them aholes, a buyer willing to pay a price above MSRP because they place greater value on the vehicle is good for every dealership.

IIRC, the Ford GT, 2004 - 2006, was about $155K MSRP, I believe every dealer got one at most, and every one sold using auction technique, with each subsequent bid requirement of a $2K minimum increase.

Also, I believe this has been the policy that Porsche has used for many, many years on their low allocation vehicles, mainly the 911 RS variants, it works for them, and their buyers, no one complains except the dood not willing to pay the ADM.

Should GM release a C8ZR1 and a Zora, the ADMs may top $100K, none of the buyers will complain, only complainers will be those who did not see value in the ADM.

I am pretty certain many of here would have no issue selling any item they own for more than they paid for it.

[Bill]

Mac Haik: No low ballers. I know what I got.


...

[DJ_Critterus]

Capitalism at its finest.
With that said it must be compliant with all applicable laws, with GM policies, and should not replace written, not oral, agreements in place with customers.

I am on Ciocca / Kerbeck lists, #698, I may not get mine until end of 2025, I was told MSRP, the wait will be worth it.

Have seen a few dealers mentioned in CF C8Z section that told all on their list, many with deposits, that they would not be honoring the verbal offers, all on list would be removed, the list has started anew, with the agreement there would now be an ADM, and the ADM is yet to be determined. This sucks, but the problem is nothing was in writing and signed. Not sure if an argument could be made that a buyer went on this list after being told NO ADM, and no they cannot get on another dealer's list this late in game and hope to get an C8Z by end of production run.
If there was a witness who would testify under oath, isn't a verbal agreement the same as a written contract in the eyes of the law?

[Onebadcad]

If there was a witness who would testify under oath, isn't a verbal agreement the same as a written contract in the eyes of the law?

Good question, but not sure, state laws will vary.
If i was on a MSRP list and gave a deposit, and then was told I am off the list, but could re-join by agreeing to ADM, I would go legal, not sure if I could win but hopefully a competent attorney could advise in the first meeting if I would win, or not.

Anyone not on a list today will have to pay ADM, as I think every dealer at MSRP has more than enough deposits for their allocation through end of run, assuming 2029.

[Anjdog2003]

[devil’s advocate on] and every person selling their home for hundreds of thousands more than they paid for it 3-5 years ago? [devil’s advocate off]




My son asked 1.2 million for his Townhome in July and it sold for 1.4. Over 90% of the homes here sell way more than asked for, makes the sellers mad.

[ratflinger]

I would not label them aholes, a buyer willing to pay a price above MSRP because they place greater value on the vehicle is good for every dealership.

IIRC, the Ford GT, 2004 - 2006, was about $155K MSRP, I believe every dealer got one at most, and every one sold using auction technique, with each subsequent bid requirement of a $2K minimum increase.

Also, I believe this has been the policy that Porsche has used for many, many years on their low allocation vehicles, mainly the 911 RS variants, it works for them, and their buyers, no one complains except the dood not willing to pay the ADM.

Should GM release a C8ZR1 and a Zora, the ADMs may top $100K, none of the buyers will complain, only complainers will be those who did not see value in the ADM.

I am pretty certain many of here would have no issue selling any item they own for more than they paid for it.




Capitalism and all, but you know what - if GM set the price $100k higher and then had to discount some to move cars I'm okay with that. But to know that some dealer is just pocketing the money pisses me off. If GM brings that in, it's spread amongst the shareholders, the dealer just buys new tits for his wife and girlfriend.

[Onebadcad]

Capitalism and all, but you know what - if GM set the price $100k higher and then had to discount some to move cars I'm okay with that. But to know that some dealer is just pocketing the money pisses me off. If GM brings that in, it's spread amongst the shareholders, the dealer just buys new tits for his wife and girlfriend.

I do not believe the dealers charging the ADM will get the allocation they were hoping for, this is the only way for GM to limit this.

I am against ADM, will never pay it, but what others do with their money has no impact on me.

I do hope one, or more, who were told No ADM and got screwed will go after the stealerships, not easy without a written and signed contract, but a good lawyer can cause some pain.

[Steve_R]

Capitalism and all, but you know what - if GM set the price $100k higher and then had to discount some to move cars I'm okay with that. But to know that some dealer is just pocketing the money pisses me off. If GM brings that in, it's spread amongst the shareholders, the dealer just buys new tits for his wife and girlfriend.

You’re okay with GM charging a lot more, but if a dealer does it you get pissed off? Huh???

[Don Rickles]

My son asked 1.2 million for his Townhome in July and it sold for 1.4. Over 90% of the homes here sell way more than asked for, makes the sellers mad.

2022 “Townhome”= 1950 “Row-home”:yesnod:

We grew up in a “Twin Home”

[ratflinger]

Steve_R



Dollars are the same, but the corp shares that money with the shareholders, the dealer just lines his pocket. Growth of a company vs wealth of a sleaze dealer

[slewfoot]

2 years ago, my plan when I retired (last February) was to buy a new C8. With what has gone on this past year, fk that. Not paying these prices. I looked at used ones, same sht.

I'm in no hurry, if the prices ever come down, I may go find a low mileage garage kept C7. Frankly I like the looks of them better.

[Tpatt]

And on the flip side, I know a guy worth a few 100M who’s bitching about new F250’s are 20K over MSRP.

Some people are just cheap.

I thought you said you was keeping the F250 you had now. :funniest:

[LATB]

I thought you said you was keeping the F250 you had now. :funniest:

I am keeping it. :seasix:

[ptindall]

Gm, the dealer, and buyer all willfully entered into a contract. There is no problem with any of that. But the communists are butthurt they can't afford it, and like always prefer shortages over higher prices, so they hate and shame to cancel the contract, making sure the buyer willing to pay what it takes to buy the car can't buy the car at any price, just like them.

[Rob]

My son asked 1.2 million for his Townhome in July and it sold for 1.4. Over 90% of the homes here sell way more than asked for, makes the sellers mad.

Homes in my neighborhood are 5 years old or less, most people paid around $110 a sq/ft for new construction. Now days, most homes are selling around $275-$290 a sq/ft

If I had a place I wanted to go, I would take the money and run since I work 100% remote :yesnod:

[sublime1996525]

That doesn't surprise me at all. I definitely wouldn't buy from that dealer but I'm also not in the market.

[LATB]

Homes in my neighborhood are 5 years old or less, most people paid around $110 a sq/ft for new construction. Now days, most homes are selling around $275-$290 a sq/ft

If I had a place I wanted to go, I would take the money and run since I work 100% remote :yesnod:

This is exactly what we did.
Sold 2 homes recently on the coast and moved to Mayberry north of I-10.
Bought a little tract home in town for a temporary stay while we build our rural homestead on 33 acres we recently contracted.

The profit from selling down in the south end of the county will cover the cost of the acreage and home and barn construction.

After 33 years "at the beach" we couldn't be happier with our decision and new direction. :cert:

[Onebadcad]

Steve_R



Dollars are the same, but the corp shares that money with the shareholders, the dealer just lines his pocket. Growth of a company vs wealth of a sleaze dealer

I hate all stealerships, have filed two Small Claims, both were settled by stealership rep after they received the filing paperwork, also had the general manager of one write me a $1K check after he agreed my service work did not require a 50-mile joyride.

With that said, I have no issues with stealerships and ADM, they need to pay the bills, they do employ many who are very dependent on the business making a profit. In no way do I feel GM as a corporation is a better entity, as they are equally useless when you have an issue with one of theirs, GM stock price today is about what it was 5 years ago, I do not see the value in being a shareholder.

I dislike both, but will continue to buy their products, as feel their SUVs and Corvettes are great values, even though the corporation AND the stealerships do nothing for me when I have an issue, I have learned to work around most of these, most times a expense to me I am willing to absorb.

[theandies]

How can someone smart enough to have a career that allows them to afford a brand new Corvette and willing to pay 90G's over retail think this is a good idea in any way, shape, or form? I guess when you have that kind of money you don't give a shit. Problem is most that have that kind of money are not buying new Corvettes, they are buying Ferrari, Lamborghini's etc.
And where is the government on this? This kind of business practice should be illegal.

[VatorMan]

How can someone smart enough to have a career that allows them to afford a brand new Corvette and willing to pay 90G's over retail think this is a good idea in any way, shape, or form? I guess when you have that kind of money you don't give a shit. Problem is most that have that kind of money are not buying new Corvettes, they are buying Ferrari, Lamborghini's etc.
And where is the government on this? This kind of business practice should be illegal.

The language is in huge font. Not fine print. Why should the .gov get involved with this ? Who is getting screwed ? If the .gov gets involved, be damn sure EVERYONE will get screwed after.

[LATB]

How can someone smart enough to have a career that allows them to afford a brand new Corvette and willing to pay 90G's over retail think this is a good idea in any way, shape, or form? I guess when you have that kind of money you don't give a shit. Problem is most that have that kind of money are not buying new Corvettes, they are buying Ferrari, Lamborghini's etc.
And where is the government on this? This kind of business practice should be illegal.

It’s called capitalism and it is not illegal…yet. Would you prefer a socialistic/communistic system?

And the government needs to stay the fuk out of it.

[Murray]

That may happen sooner than later. Dealers will become order takers and delivery facilities with parts and service being the profit centers.

It’s been like that for 40 yrs or more

[99 pewtercoupe]

Although I find these practices distasteful, I don’t think they are illegal unless you have a signed contract to buy the car at a specified price. If someone has FU money it’s their right to spend it as they want

[ptindall]

How can someone smart enough to have a career that allows them to afford a brand new Corvette and willing to pay 90G's over retail think this is a good idea in any way, shape, or form? I guess when you have that kind of money you don't give a shit. Problem is most that have that kind of money are not buying new Corvettes, they are buying Ferrari, Lamborghini's etc.
And where is the government on this? This kind of business practice should be illegal.

...

[LATB]

It’s been like that for 40 yrs or more

The parts & service yes. But the point is, many believe the future will not see a new car dealers lot full of inventory.

[Burro (He/Haw)]

Jalopnik ran this story.

Internet Roasts Chevy Dealers for Corvette Z06 Allocation Auctions (Update)

Road & Track reports that a few Chevy dealers were auctioning off their Corvette Z06 allocations to the highest bidder. The latest markup scam-like action was first noticed on the Corvette Forums. In a thread posted by user ElFingers, the commenter shares they were recently contacted by the local dealer they had a Z06 deposit with. The call was to inform him that dealer only had one Z06 allocation, and they were going to auction it off.

[dvarapala]

Jalopnik ran this story.

Internet Roasts Chevy Dealers for Corvette Z06 Allocation Auctions (Update)

And we thought mrvette's links to his Yahoo! Mail inbox were bad... :funniest:

Try this:

https://jalopnik.com/the-internet-roasts-chevrolet-dealers-for-corvette-z06-1849446571

[Onebadcad]

Only you, NO ONE ELSE, determines what you buy and how much you pay on most discretionary items.
When you do not like the price you go elsewhere, or simply decide not to buy at all.

[MY03C5Z]

Jeesus…..gonna be a while before I can even afford a used c8z at this rate…..that’s insane.

[Burro (He/Haw)]

And we thought mrvette's links to his Yahoo! Mail inbox were bad... :funniest:

Try this:

https://jalopnik.com/the-internet-roasts-chevrolet-dealers-for-corvette-z06-1849446571

:D

[dvarapala]

Only you, NO ONE ELSE, determines what you buy and how much you pay on most discretionary items.
When you do not like the price you go elsewhere, or simply decide not to buy at all.

Here's hoping you never get your vehicle totalled by some incompetent **** driver and need to replace it immediately but all the stealerships in your area are charging ADM. :yesnod:

[Loco Vette]

Here's hoping you never get your vehicle totalled by some incompetent **** driver and need to replace it immediately but all the stealerships in your area are charging ADM. :yesnod:

Would recommend against a C8Z on that scenario.:D

[LATB]

Here's hoping you never get your vehicle totalled by some incompetent **** driver and need to replace it immediately but all the stealerships in your area are charging ADM. :yesnod:

I have actually thought about that. I suppose it would be one of those times in life when you take it in the shins.

[Anjdog2003]

Only you, NO ONE ELSE, determines what you buy and how much you pay on most discretionary items.
When you do not like the price you go elsewhere, or simply decide not to buy at all.




Why do you want to bring common sense into this thread?

[Burro (He/Haw)]

Only you, NO ONE ELSE, determines what you buy and how much you pay on most discretionary items.
When you do not like the price you go elsewhere, or simply decide not to buy at all.

I agree with this in its entirety. That being said it’s still a shit practice of the part of the dealer.

[Iron Chef]

The C300 is getting up there in miles and is well out of warranty. And while I haven't had a lick of trouble with it, it's never a good idea to keep a German car when it's out of warranty. So I went to the salesman that I work with and said I wanted to get into an "new-ish" AMG E53. We started looking around and the prices for even a 3 year old high mileage model were INSANE. He opened his dealer allocations and showed me that I could buy a brand new car spec'd out my way for within $2K of a 2 or 3 year old one. I don't normally buy new, but this actually made more sense. So I put down a deposit on a 2023 E450 Coupe that I ordered from Germany.

He did make the point of saying that they were selling all cars at MSRP but that there would be no markup. I told him there had better not be, at which time he put in writing on the deposit receipt "Car will be sold to customer at MSRP or deposit will be refunded in full" and it was signed by him and the sales manager. I realize that, technically, it gives them an out, but this is probably the most honest dealership I've ever dealt with so I'm not at all concerned. I felt a little bad because I've bought three cars from him and my son bought one as well and he's always been great to work with and given me a fair deal. But...these are strange times.

My build date is October 4. Merry Christmas to me. :D

[Dr. Jacoby]

The parts & service yes. But the point is, many believe the future will not see a new car dealers lot full of inventory.

One thing that most people don't understand with dealers is that they are the actual customers of car manufactures. The buying public is a customer of the dealers. What this means is the dealers dictate what cars are being made. If the middle man was gone, you would see a bunch more low option cars and I think even more types of cars. The fact that everyone is driving a small SUV is due to the dealers making the decisions. They buy what they can sell the easiest, but that does not mean they are really offering what 100% of the buying public wants. There are plenty of people who would like something else, but simply can't find what they want, or don't want the hassle of ordering, so they buy what is on the lot, thus the easy sell.

I applaud the Tesla, no dealer process, and I hope we get to the point of buying a car by ordering it on the internet. Although I doubt I'll be buying a new car anytime soon, the value just isn't there.

[Onebadcad]

Here's hoping you never get your vehicle totalled by some incompetent **** driver and need to replace it immediately but all the stealerships in your area are charging ADM. :yesnod:

Yeah, that would suck, but that is a risk I will take rather than allowing it be a garage queen, of which I have two already.

[Onebadcad]

I agree with this in its entirety. That being said it’s still a shit practice of the part of the dealer.

As I have stated multiple times in multiple threads, stealerships are the BIGGEST ASSHOLES ON THE PLANET, well, other than cf mods.
I detest stealerships and would pay out-of-pocket when possible, and affordable, to avoid an interaction with them.

Also, I have never purchased a vehicle with ADM, never will, but do not care if others decide to do so.

It will be interesting to see if stealerships charging ADMs will get teh C8Z allocation they were hoping for, I think not.

[LATB]

Maybe some new car dealers know the days of new car profits the are numbered so they are milking every dollar they can from what they have or can get? :island14:

[Onebadcad]

Maybe some new car dealers know the days of new car profits the are numbered so they are milking every dollar they can from what they have or can get? :island14:

I have heard this side of the argument, and includes that due to new car inventories at stealerships are far below normal, they need to make more per sale.
Again, capitalism, other industries do exactly the same, as I know a dood, sells industrial supplies, cannot get his warehouse filled due to china and supply (and transport) issue. His company has 12-month EVERY MONTH sales and net profit records WHILE TOTAL PRODUCT SALES HAVE DECREASED, they charge more for what they have in stock.
Buyers no longer ask the price, they only want to know how soon they can get the product, works out well for the seller and buyer, as the end user pays the price hike.

Again, buy, or do not buy, or go somewhere else for it, bitching is too damn easy.

BTW, anyone been grocery shopping, many priced items are 30+% higher than just 24 months ago,,, every damn restaurant, fast food or fancy dining, is up over 30% in the past 18 months.

Gotta love depends joe's new economy, remember it is only transitory.

[6spdC6]

The way I see it the only way you can get ripped off by a dealer on a car sale is if you allow then to do it to you.

I have bought in excess of 55 loaded new cars and trucks over the years so I'm not a virgin in car sales. I normally fight hard for a good price and will easily walk out of a dealers office if they offend me. The only vehicle I ever bought at MSRP was the 98 Vert 6spd I ordered. So many constraints on the options so the dealers had a lot of ADP bullshit going on. This was the first year for the C5 vert and many people wanted one.

I gave it as good of a fight as I could and for the only time in my life I paid full price. Yes I did not get my normal better price by being a knowledgeable customer but I did not pay, nor would I pay a ADP.

[Onebadcad]

An acquaintance, not a friend, went to japanese stealership for an SUV to replace his 18-year old GMC SUV--he spent less than $5K in service and repairs the last 14 years of ownership, GM hit 200+K miles, was still running, but he wanted a new SUV and for some reason stated that GM has not earned his repeat business--I guess we should all ignore past performance.

Again the GMC was still running, but he wanted a newer one, so he paid $3K over MSRP as was told the ADM could be waived if he would wait three months, pretty damn certain the 18-year GMC has another 3 months in her, but he decided not to wait and paid the $3K ADM,,, and then he bitched about the dealer and the ADM he paid.

Yeah, you have choices, do not bitch about the one you make!!

[VatorMan]

The reason I now own a Subaru was they were the only dealer not charging ADM on their SUVs. Still a bit miffed I paid MSRP tho.

[dvarapala]

sXCcRsEtOYA

[dvarapala]

The reason I now own a Subaru was they were the only dealer not charging ADM on their SUVs. Still a bit miffed I paid MSRP tho.

That's no reason to turn gay. :nono: