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recent purchase downpayment

Joined
Jun 22, 2007
Messages
153
Location
marysville,wa
Corvette
08 Atomic orange, Z-51, 6 speed
I was told by the internet sales person that everyone pays a 1.5% of the msrp including optios ,advertising fee when working from the dealer invoice. Can anyone confirm or deny this? Was I sucker punched?
 

XLR8

Gone but not forgotten
Joined
Jun 23, 2004
Messages
6,662
Location
Mississippi Gulf Coast
Corvette
2003 AE Convertible, 1998 LCRM Convertible
I was told by the internet sales person that everyone pays a 1.5% of the msrp including optios ,advertising fee when working from the dealer invoice. Can anyone confirm or deny this? Was I sucker punched?

I can't answer your question but hopefully someone with personal experince will come along soon.

:wJane Ann
 
Joined
Jun 22, 2007
Messages
153
Location
marysville,wa
Corvette
08 Atomic orange, Z-51, 6 speed
advertising fees when working from dealer invoice

Got the dealer to go for $1000 over dealer costs/invoice. Then she said their was a mandatory advertising fee of 1.5% of MSRP plus options. Does anyone have any solid advice. It amounts to about $1800 over dealer invoice. By the way I got the 2008 prices from a thread at this forum. Any help before I go final will be appreciated. Thanks those who have responded already:confused
 

IH2LOSE

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Joined
May 24, 2001
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3,908
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We Will All Meet Again
Corvette
1966,and a 1962 thats almost complete
I was told by the internet sales person that everyone pays a 1.5% of the msrp including optios ,advertising fee when working from the dealer invoice. Can anyone confirm or deny this? Was I sucker punched?


Maybe every one at there dealership does?

I purchase allot of truck for my company and we pay $200.00 over invoice less any rebates or incentives

Not sure how the 2007 vette market is now but in a couple of more weeks ( 8 or so) the 07 will officially be last years models, I hate when that happens

Best of luck with your purchase.
 

jhecox

Well-known member
Joined
May 11, 2006
Messages
1,178
Location
Auburn Hills-MI
Corvette
2016 Corvette Racing Yellow, Z51, OURS C7
darkstar,

Maybe the specific dealer you are dealing with has it's own policy about charging an additional add on price of 1.5%, but this is NOT a GM policy.

When GM "sets" the dealer / MSRP price on a vehicle, all related costs associated with the vehicle are added in. The only "add on" cost I know of is the destination charge.

But the "bottom line" is, what is this dealers bottom line verses other dealers?

Hecox
 
Joined
Feb 13, 2003
Messages
946
Location
San Jose, CA
Corvette
1972 LT-1/Air coupe w/all options
Sounds like they are trying to yank more cash. I'd tell them to drop dead, personally. ;)
 

NORTY

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Joined
Sep 7, 2006
Messages
851
Location
Carlsbad,Ca.
Corvette
2006 C6Z DSOM
Always negotiate the final price, THEN negotiate the terms of the contract. Neither of these are "etched in stone."
 
A

asby69

Guest
I was told by the internet sales person that everyone pays a 1.5% of the msrp including optios ,advertising fee when working from the dealer invoice. Can anyone confirm or deny this? Was I sucker punched?

Most, if not all, dealers do this. It's not that uncommon. ;shrug

Sorry for the news. BUT enjoy your CORVETTE!!!!
 
Joined
Apr 18, 2002
Messages
1,441
Location
Staten Island, NY
Corvette
1999 Torch Red Coupe
Thats Bulls*&t - the advertising fees are part of the cost of doing business.

Dealers actually dont pay the "dealer cost" of the car anyway.,there is somthing called "holdback" for american car dealers - the factory gives them a percentage of the cost as a credit until the vehicle is actually sold - like between 2 to 4 percent. Its so the dealer doesnt eat the loss of equity as the cars sit on the lots for days to possibly months before it sold off.
 

hardnoks

Well-known member
Joined
Feb 26, 2005
Messages
247
Location
queensbury,new york
Corvette
2008 CRM/EBONY Z51 MZ6 COUPE-NPP
FEES

Just offer the people xxx over invoice .peiod.If they say no,move on.Ad fees are not an after charge,they're in the invoice already.Plus,HOLDBACK is to help dealers with the costs incurred by the cars sitting on the lots for however long they sit,that incur lot charges.They do pay ad fees,plain and simple.
 

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