02-23-2016, 04:00 AM
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#26
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Drives: 2016 SS
Join Date: Oct 2015
Location: Metairie
Posts: 654
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Quote:
Originally Posted by My87z28
What you have to take into account here is that the car was a 2SS, and likely loaded. What Chevrolet says the options cost YOU is not what it costs the dealer. So the more options a car has, the more money the dealer will make if it where to sell at MSRP. This also means that they have a lot more room to negotiate.
I only have two options on a base 1SS, that's a $200 set or wheels and $145 black badges, so a total of $345.00 in options. The dealers cost is around 83%, so these options cost them around $286.35. A base 1SS MSRP is $37,295, dealer invoice on the Chevrolet Camaro is almost exactly 96% of MSRP. So dealer invoice on a base 1SS is $35,803.25. Now add the $286.35, in dealer priced options and you have $36,089.55. Give or take $50 and this is exactly what the dealer will pay for the car (this includes destination). However then you have to take into account that all Chevrolet vehicles get a 3% hold back, that's 3% of MSRP that will be paid back to the dealer. The holdback for the car I've optioned is $1129.20. Normally dealers will not dip into this in order to sell you a car, they'll let you walk. However, if you put dealers against each other, they might dip into the holdback slightly. For the price I have, the dealer is dipping into the holdback for the cost of the all weather floor mats.
I know more about the numbers of buying a car than around 90% of the rest of the population. I took classes while in the military that outlined all these things, and how to gain the upper hand when buying a car. Trust me, when it comes to the pricing, I know what I'm doing.
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Interesting! My HB on my invoice is 1225.65 on a 1SS, you're very accurate with your calculations. Thanks for sharing this info with us, it gives us a greater understanding for negotiations.
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1SS Summit White Coupe MRC NPP A8
Ordered 1/12/16
TPW 2/15/16
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