I am trying to sell my 15 gt premium so I can get the gt350 but I was still a little concerned with pricing. Does anyone know if those dealer mark ups are going to go down? Also if you guys don't mind me asking, what kind of interest rates did you get. My credit is excellent but I know for cars like this they sometimes bump that up too.
Questions about pricing for gt350
- Thread starter Kyle Dougherty
- Start date
I don't think the ADM additions will change for a while. Maybe later in the summer when 17 models start showing up, 16's will be let go at MSRP at some smaller dealers that have been holding out for a while but even that will be hard to find. This same thing was going on back when the 13/14 GT500's were the new thing. I waited a year to finally find one at MSRP at a local dealer and even then they had a 10K ADM on the sticker when I went in person to buy it. There was another local dealer that a year ago still had a few new 14 GT500's asking 10-15K ADM with the explanation that they were the only dealer on the west coast with new GT500's. Also watch out for the false advertisers - the ones who will have cars listed on Auto Trader for MSRP and then you get down there and they have the mark up on them. There is a dealer near me now with a white/blue 16 GT350 with the tech pack on auto trader at MSRP but call them or go down and they are asking 15K over and they aren't budging 1 bit on it for now. For these cars you have to be patient and wait for the next big thing to come out like the possible 18 GT500.
As for financing, get your own lined up. Pen Fed for example is a CU with used car rates better than most banks new car rates. I say this because Ford Motor Credit doesn't offer anything special on Shelby's, at least they didn't when I bought by 08 and 13 models. Credit unions like Pen Fed don't care about the make or model, they just want customers. If you do end up negotiating a MSRP deal, don't tell them you have your own financing until the price is settled either. My brother worked for Ford for a while prior to 2010 and they would all the time agree to MSRP on Shelbys with the assumption that the buyer would finance through the dealer and let them make even more money.
As for financing, get your own lined up. Pen Fed for example is a CU with used car rates better than most banks new car rates. I say this because Ford Motor Credit doesn't offer anything special on Shelby's, at least they didn't when I bought by 08 and 13 models. Credit unions like Pen Fed don't care about the make or model, they just want customers. If you do end up negotiating a MSRP deal, don't tell them you have your own financing until the price is settled either. My brother worked for Ford for a while prior to 2010 and they would all the time agree to MSRP on Shelbys with the assumption that the buyer would finance through the dealer and let them make even more money.
Markups don't appear to be going down, and hype has obviously grown. I would bet the smaller dealers that sold for MSRP might decide to do a small adm this year. In looking for an R model I've found most dealers across the country have waiting lists or are sold out already, and have ADM's. This is for both th R and "regular" 350 at dealers all across the country.
Interest rates will vary by institution and how much you put down. If they have to fund less than a certain percentage of the cars worth they will usually drop the interest rate some. That said my score was in the 800's and I got the 1.75% rate, which is the lowest that institution offered.
Interest rates will vary by institution and how much you put down. If they have to fund less than a certain percentage of the cars worth they will usually drop the interest rate some. That said my score was in the 800's and I got the 1.75% rate, which is the lowest that institution offered.
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Don't feed the greed. Wait it out if you're not a gotta have it type. Ford dealers really seem to be the most stubborn when it comes to adm. Some of these fools sat on 13/14 GT500's until the tires almost rotted.
ADMs will probably start falling off the cars once GM announces pricing for the new ZL1 and Z/28. I'm sure they've learned a valuable lesson from the pricing they put on the last Z/28. I expect pricing will be right in line with the GT350/GT350R with maybe a modestly higher MSRP.
I have no reason to doubt both those cars will hand the GT350 its ass, and the Z/28 is probably going to shut the door on the GT350R. There will probably be some initial ADMs on them, but GM markups don't tend to last very long at all.
I have no reason to doubt both those cars will hand the GT350 its ass, and the Z/28 is probably going to shut the door on the GT350R. There will probably be some initial ADMs on them, but GM markups don't tend to last very long at all.
You really think it'll "hand it it's ass"? That means GM will have a Camaro that hands it's Corvette it's "ass" too at basically the same price. What would be the purpose of the Corvette at that point then?
The Gt350, used, at auction, is still averaging about 5k over sticker, with up to about 3k miles.
The average transaction price of a new GT350 is a hair under $11k over sticker.
The car is so hyped up by litterally everyone, I would be shocked to see any car, sans a new GT500, hurting its value.
Maybe end of the 17 run we'll start to see them come down. But when brokers are paying over sticker used, it'll stay propped up for awhile.
MSRP is do-able if you do some leg work
The average transaction price of a new GT350 is a hair under $11k over sticker.
The car is so hyped up by litterally everyone, I would be shocked to see any car, sans a new GT500, hurting its value.
Maybe end of the 17 run we'll start to see them come down. But when brokers are paying over sticker used, it'll stay propped up for awhile.
MSRP is do-able if you do some leg work
According to Chevy (both Oppenheiser and Wilburn), there is no [longer an] edict protecting the Corvette from the Camaro. Plus, anybody that is wanting a Corvette is going to buy a Corvette. A 4-seat pony car is not a 2-seat sports car.
Can't just assume what that salesman says is true.
I don't see GM selling a Corvette killer. Killing it's own halo car from within and making it obsolete makes no sense. We'll just have to wait and see, but that one is just hard to assume.
Can't just assume what that salesman says is true.
I don't see GM selling a Corvette killer. Killing it's own halo car from within and making it obsolete makes no sense. We'll just have to wait and see, but that one is just hard to assume.
The current Z/28 outperforms the base Corvette on a track. Why would the new one be any different? Don't forget Chevy still has the GS, Z06, and ZR1 monickers available to produce to "protect" the Corvette's street cred, so neither the ZL1 nor the Z/28 will be Corvette "killers". Depending on the power output and assuming it's weight will be somewhere around the GT350R's, the new Z/28 might not be too far behind the C7 Z06 on track.
Think about it. Do you think a base 911 is faster around a track than a Cayman GT4? Porsche owners had been saying for years that Porsche was under-powering the Cayman just to protect the 911. With a bajillion different performance options/models available in the 911 lineup, it doesn't make sense to keep doing that. Same thing with with Chevy. Why shoebox one of your most popular vehicles just to protect another one that doesn't even come close to selling half as many units? With what Ford's doing with the Mustang lately, it's not like they have a choice BUT to up the Camaro's game. Ford doesn't have to worry about stepping on any toes with the Mustang. If the Mustang surpasses GM's top dog, then so be it. No skin off Ford's back, and it's all the better for us Mustang fans. How funny would it be if one day in the future a "lowly" Mustang GT could drag a Corvette [of the same year] around a track?!
The z28 is $75,000, the base corvette is $55,000. Your argument doesn't hold water. I have yet to see GM undercut their own halo car. The whole idea of the Corvette existing is that it's a performance bargain in comparison to everything.
I don't understand what you're trying to say here.
That's fine. You seem to think GM is willing to sh!t all over it's own halo car, and I don't believe GM is really willing to do that. Either way, this debate won't be settled until performance figures and pricing is released on the ZL1.
I think you're forgetting that not all Camaros are Z/28s and ZL1s. Having limited numbers of those two packages outperforming base Corvettes and possibly coming close to the Z06 is not "shitting all over" their halo car.
When it comes in at the same price point it is, and that hasn't happened before.
So a dealer has offered me what seems to be a decent deal. They will give me 31k for my 2015 gt and sell me a new base gt350(no track or tech pack) for sticker. Should I jump on this offer? So far they are the only ones to go msrp for me
Depends on the miles on your car, mods, etc.
I mean, I could sell it to you for $10k under MSRP...and give you a lot less for your car.
Just how you want to spin the numbers.
I mean, I could sell it to you for $10k under MSRP...and give you a lot less for your car.
Just how you want to spin the numbers.
31K cash for your 15 GT and sticker on the GT350 sounds like a good deal, to me anyway...things are always relative depending on time and place.
LOL - but you don't see hundreds of pages on all the supercar forums talking about the ZL1 or Z/28. The GT350 is in it's own league.
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