11-16-2005, 09:37 PM
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#1
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Registered User
Join Date: Nov 2005
Location: Rochester, NY
Posts: 37
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Quote:
Originally Posted by SoCal
Read through this thread. Among other things, it discusses the dealer cost for options.
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Thanks for the response...my dealer is so ambigious about all actual costs (he's trying to get me into a payment). And is just fluffing me with glowing praise of the car. Must have read the art of selling in an old college class. I'm talking numbers, he's talking hand stitched leather.
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11-17-2005, 02:38 AM
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#2
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Guest
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RevDice, you need to make sure you negotiate the 2 transactions separately. One, being the purchase of the new Porsche, and two, being the trade-in of the Corvette.
You might be better off just purchasing the Porsche, and selling the Corvette on your own through different channels. More work for you, but you'll get a better price. The good thing about trading it in, is the reduced sales taxes.
If the new Porsche is $62K and is a 2005, they really-really want to sell that thing, and get it off their inventory. They should be very-very motivated. A good price for you to buy it would be no more than $54K. They need to discount the car 13-14%.
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11-17-2005, 05:42 AM
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#3
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Registered User
Join Date: Sep 2005
Location: Minneapolis/St. Paul, Minnesota, USA
Posts: 3,308
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Hi,
Depending upon how willing you are to take the risk that the Car may be sold, I'd wait 1 week - 10 Days to do any negotiating. Car Sales usually fall off the Table between Thanksgiving and January 10th, so the Dealer will be much more Pliable.
Then, come up with Your price (I'd go with $52K, pointing out the Depreciation Loss and the Fact that this Depreciation will also Hit them if the Car stays on their Lot - I'd also be willing to increase this Price with a Direct Warranty extension of Equal Value) and make them an offer, but also send this offer to 4 other Dealerships within a 200 Mi. Radius (What's a 4 Hr. Drive to save $$?) and state that you'll do the Deal with the 1st Dealership to respond within 72 Hrs. (Let them all know that they are one of 5 in the Running).
Also, if your C6 is well sorted and optioned, as mentioned, sell this on your own - you'll probably do much better. You could offer it in Trade, but at the NADA, Kelley BlueBook, Edmunds Wholesale Price Averaged out and see if they Bite. Good Luck!...
Happy Motoring!... Jim'99
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11-17-2005, 06:13 AM
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#4
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Registered User
Join Date: Nov 2004
Location: New Jersey
Posts: 8,709
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Just curious, why does the dealership have 05's sitting on the lot? I thought each new Porsche was 'made to order'. Are these canceled cars?
Have you considered waiting for the 2006 models? I'm sure there are quiet a few bugs and gremlins that were discovered and will cured in the second version of the 987S. Not to mention some other unrelated improvements and enhancements.
and I don't understand of negotiating a lower price on a new car purchase if you will then be trading in a car and giving back the discount when you sell the old car for lower than private seller value. In the end your not getting a deal at all, just saving time.
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11-17-2005, 06:29 AM
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#5
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Guest
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Perfectlap, these are not canceled cars. There are literally hundreds of 05's sitting in dealers lots across the USA. I still see brand new 02's, 03's and 04's out there too.
While they may be made to order, they are ordered by the dealers, based on their market knowledge and customer base, with a best-guess as to colors and options and etc. And they hope to sell them.
Now, a custom order is different. And sometimes those get canceled, and the dealer needs to find a home for it. Sometimes you can tell what car that is because it is usually pretty optioned-out with some of the more unique selections.[/
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11-17-2005, 06:36 AM
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#6
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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You have a problem of sorts.
Now is a great time to buy a leftover Boxster and a lousy time to sell your C6 (esp in your area).
Tell me a bit more about your C6 and I can develop some REAL prices and strategies for moving that car.
Regarding the Porsche, the absolute best time to buy this type of car is between 12/26 and 12/31.
Your bargaining power will never be better.
On the C6, the same thing in reverse holds true. Your Porsche dealer does not want that car right now and his offer will reflect that indifference.
Good luck.
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11-17-2005, 10:05 AM
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#7
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Registered User
Join Date: Nov 2005
Location: Rochester, NY
Posts: 37
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Thanks for the advice guys...I visit the dealer on Saturday to talk about the purchase. I now may have a private buyer considering the Vette. So fortunately I may go that route and negotiate my deal on the Boxster.
The help is much appreciated...
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