2009 Corvette ZR1 Employee Prices. Make Money?

Just for the fun of it today. If I order a new Corvette, here is my pricing. If I order this, can I drive it for 3 months and resell it and make money?

A couple of problems. 1. GM Monitors your car ordering and limits how many. 2. GM may not actually "take" this order and process it. Shoot, my wife waited 6 months for a 1986 Pontiac Grand Am SE. (Why???) 3. I do not have the cash.........

model 2009 Corvette - type 2dr Cpe - style ZR1 w/3ZR - base msrp* $103,970 - options $12,190 - delivery & handling $850 - total msrp $117,010 GM employee price $103,625

Details are: Ebony, Custom Leather Wrapped Seating Surfaces, (Custom leather wrap with embroidery. Includes specific console trim plate.) $0 Victory Red $0 Mechanical Engine, 6.2L supercharged V8 SFI with dry sump oil system (638 hp @ 6500 rpm, 604 lb-ft of torque @ 3800 rpm) $0 Transmission, 6-speed manual, short-throw. $0 Exterior Wheels, ZR1 sterling silver painted aluminum, 19" front and 20" rear. $0 Interior Seats, Sport front bucket with perforated leather seating surfaces, includes back angle adjustment, adjustable lumbar and side bolsters. Includes embroidery and contrasting stitching. $0 Audio Audio System with Navigation, AM/FM stereo with CD player, MP3 playback and DVD-based touch-screen navigation, seek-and-scan, digital clock, auto-tone control, Radio Data System, automatic volume, TheftLock, 6.5" LCD color display and voice recognition. Includes Bose premium 7-speaker system. Replaces 6-disc in-dash CD changer with single-disc CD. $0 Other Corvette Museum Delivery, Acknowledgement form required. $490

I don't see a problem with buying it and keeping it.

carguy123 wrote: I don't see a problem with buying it and keeping it.

I see one problem, he says he doesn't have the cash .

FINANCE IT! Just get it!

rebelgtp wrote:

carguy123 wrote: I don't see a problem with buying it and keeping it.

I see one problem, he says he doesn't have the cash .

Financing?

at 72 months, it is 1.5k a month before figuring interest

1. Debt free is a goal at my age.
2. GM will not really fill this order, they might have filled the lot.

I'm assuming this is not a real question, just expressing your amazement at the current rock bottom pricing.

In case it's not, no, you can't make money on the deal.

Even if the car is worth $117K new, it won't be once you drive it. Picture it in smaller numbers...imagine it was a $25K car. The options were $2930, and the delivery was $204. The total was $28134, and your price was $24915. Could you sell it in 3 months and make money?

Those are the same percentages you suggested.

Besides, anyone who can afford a $100K+ car, would rather a new one than an old one, and whose to say GM will be here in 3 months? The March '09 price on that car might be $40K.

Additionally, the financing will cost you $1500 for 3 months (if you can find a 6% no load rate).

But it DOES sound like a LOT of fun!

what would the depreciation be in the first few months? I dont think buying a brand new car could ever be a sound investment.

It'll only be worth $35k in three months (lol GM depreciation). Don't do it.

You also have to consider you will be paying 5-10 grand in sales taxes (depending on your location) as well as a pretty hefty registration fee.

The only way you make money is if you can get to the front of the line and sell to someone with more money than sense who doesn't want to wait.

skruffy wrote: It'll only be worth $35k in three months (lol GM depreciation). Don't do it.

Buy it, and I'll take two at that price three months from now...

The ZR1, being a supercar, may very well be immune to normal pricing practices that bother mortal cars. Inconvenient things such as "depreciation" do not always follow the normal procedures in the case of supercars.

And sometimes they do - but more.

I can remeber when I was in college and a new AC 427 Cobra was under $7000.

And later on, there was all that cheap Micorsoft stock too......

Hindsight!

How many ZR1's are they making? You might stand to make some money from the people at the tail end of a huge waiting list.

Keith wrote: The ZR1, being a supercar, may very well be immune to normal pricing practices that bother mortal cars. Inconvenient things such as "depreciation" do not always follow the normal procedures in the case of supercars. And sometimes they do - but more.

That's true. It is possible there is money to be made.

But not in 3 months, and not if you can't afford to park the 100 large.

Making money on this kind of stuff is a rich man's sport.

Yep, truely a rich man's sport.

That's a bunch of $$!!
I bet insurance isn't cheap either.

Keith wrote: The ZR1, being a supercar, may very well be immune to normal pricing practices that bother mortal cars. Inconvenient things such as "depreciation" do not always follow the normal procedures in the case of supercars. And sometimes they do - but more.

Maybe it's like art: worth more when the artist is dead.

I've said it before: cars are NOT investments.

Even if GM will sell you the car, you said you can't afford it. That means that were you to buy it, what does happen in 3 months when you can't find someone else to buy it from you?

Only invest money you can afford to lose.

ReverendDexter wrote: I've said it before: cars are NOT investments. Only invest money you can afford to lose.

I totally agree with you on investments. I think I was having a slow day at work.....