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Old 03-17-2019, 07:05 AM   #1
AVANTI R5
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Default You Can Grab a Gigantic Deal on a New Chevy Corvette, Camaro as GM Fights Falling Sal

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You Can Grab a Gigantic Deal on a New Chevy Corvette, Camaro as GM Fights Falling Sales

$15,000 off sticker price plus zero-percent, 72-month financing for a Corvette Z06? Alrighty then.



Chevrolet Corvette sales are flatlining as buyers await the mid-engined C8 due later this year, and last month it was revealed that around 9,000 'Vettes have stacked up on dealership lots as a result. Now Chevrolet is finally doing something about it, offering zero percent financing for a tantalizing 72 months on all versions of the 2018 Corvette—and an even better deal on the 2018 Camaro.

The offer was quietly added to the Chevrolet website earlier this week, viewable under the "Shopping Tools" drop-down menu. For the Corvette, the six-year, interest-free loan is available on the Stingray, Grand Sport, and Z06 trims, and there doesn't appear to be any sort of built-in markup on the total purchase price. The monthly payment is calculated with a simple formula: $13.89 for every $1,000 financed. Of course, we're talking about the 2018 model year here, but it's nearly the exact same vehicle as the '19 'Vette.

If you're in the market for a solid, straightforward performance car, the deal gets even better when you factor in the additional discounts being offered under MSRP to help move these cars. Take a look at this 2018 Corvette Z06 at Diver Chevrolet in Delaware being offered at $71,194, a full $15,000 under the sticker price. It's an automatic base model, but hey, it's still got a 650-horsepower supercharged V-8.



Looking for a more enthusiast-focused choice? How about this 2018 Chevy Corvette Grand Sport with a manual transmission, selling for a mere $62,297 at Merit Chevrolet in St. Paul, Minnesota—also nearly $15,000 under MSRP. Plowing those savings into an equivalent down payment will bring the monthly price down to around $666.



It's certainly a lot of money, but considering the average new car payment in the U.S. currently sits north of $500, it's a remarkably good deal for what you'd be getting: a stick-shift, rear-wheel-drive sports car that punches above its weight and deserves better than the boomer-barge stereotype it's been saddled with.

Now, about the Chevrolet Camaro. 2018 Camaros of any trim—from the base four-cylinder 1LS to the stonking supercharged ZL1—are also being offered with zero percent financing for 72 months, but with the added bonus of $1,000 cash back. Factor in the lower price of the Camaro across the board compared to the Corvette, and you've got a bunch of bargains out there. As a bonus, the 2018 Camaro predates the controversial facelift bestowed upon the 2019 cars, so opting for the cheapest V-8-powered SS under this deal won't mean living with a droopy, regrettable grille.

Consider this 2018 Camaro 1SS convertible on offer for a mere $35,000 at Heritage Chevrolet Buick Owings Mills in Maryland, $10,000 off MSRP. It doesn't have much in the way of options, but what it does have is the same basic 455-horsepower, 6.2-liter V-8 as the Corvette Grand Sport and a six-speed manual transmission wrapped in a tighter-handling package than the 'Vette. Throw those savings at the down payment and the monthly total comes out under $350.



Or take this Red Hot (that's the color name, not our assessment) 2018 Chevy Camaro 2SS coupe being sold in Ohio for $44,434. It's got the same basic engine as the Corvette Grand Sport wrapped in a tighter-handling package that's already $4,000 off MSRP. Toss in a modest down payment of just $5,000 and your monthly bill falls to the mid-$500 range, putting it right around the new vehicle average in America for a car that's anything but.

Neither car is selling especially hot at the moment for a variety of reasons. But don't let market forces, upcoming models, or brand snobbery stop you from taking advantage of Chevrolet's desperation. The offer is only good until April 1.
Chevrolet Corvette sales are flatlining as buyers await the mid-engined C8 due later this year, and last month it was revealed that around 9,000 'Vettes have stacked up on dealership lots as a result.

Now Chevrolet is finally doing something about it, offering zero percent financing for a tantalizing 72 months on all versions of the 2018 Corvette—and an even better deal on the 2018 Camaro.
The offer was quietly added to the Chevrolet website earlier this week, viewable under the "Shopping Tools" drop-down menu. For the Corvette, the six-year, interest-free loan is available on the Stingray, Grand Sport, and Z06 trims, and there doesn't appear to be any sort of built-in markup on the total purchase price. The monthly payment is calculated with a simple formula: $13.89 for every $1,000 financed. Of course, we're talking about the 2018 model year here, but it's nearly the exact same vehicle as the '19 'Vette.

http://www.autospies.com/news/Chevro...rvettes-98706/
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Old 03-17-2019, 09:11 AM   #2
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How does 0% interest = 13.89 per 1000 financed?
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Old 03-17-2019, 03:21 PM   #3
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Quote:
Originally Posted by shake-rattle-n-roll View Post
How does 0% interest = 13.89 per 1000 financed?
Author means on how to calculate your monthly payment, assuming you take advantage of the full 72 months of 0% financing. If you elect to do a shorter term (or if the underwriter only allows a shorter term to qualify), the calculation is a little different. Why anybody wouldn't take advantage of the maximum term of free money is arguable (and before anybody starts about a car being a depreciating asset, that's a different topic. If one's gotten to the point of trying to figure out how to afford a luxury item, that argument has already made it into the garbage can as far the person's concerned).

In other words, if I finance $50,000 over 72 months, to calculate my monthly payment, I would take ~$13.89 (rounded up by the author) x 50 ($1000 financed) = ~$694.50 monthly payments.

While this seems like a great deal (depreciating assets aside). thinking about affordability in terms of monthly payments is a great way of staying poor however.


(clicking on Chevy's monthly payment calculator...) =D
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Old 03-17-2019, 04:14 PM   #4
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Journadvertism
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Old 03-17-2019, 05:46 PM   #5
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I don't understand why the new Camaro sells so poorly. It's a great car.
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Old 03-17-2019, 06:10 PM   #6
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I don't understand why the new Camaro sells so poorly. It's a great car.
I think the improvements are under the skin, the outside looks too much like the old model. Also it's kinda pricey.

The bubble economy is also benefiting Porsche buyers, not the working stiff.
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Old 03-17-2019, 07:00 PM   #7
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I agree it looks way too much like the previous gen and those owners are not upgrading and then the poor visibility alienates a lot of buyers who don't already own one. The refreshed front end is not really a step in the right direction either.
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Old 03-17-2019, 10:52 PM   #8
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That Red Hot paint on the Camaro is stunning! Too bad they didnt offer the SS still. They were practically giving those away a couple years ago.

Last edited by h3llsp4wn; 03-17-2019 at 11:00 PM.
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Old 03-17-2019, 11:22 PM   #9
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I don't understand why the new Camaro sells so poorly. It's a great car.
i was pretty set on getting a 1le ss until i went to the dealer and sat in one. the doors are 6' long and 18" thick, and the seat is ahead of the b pillar quite a bit so you need to swing the doors open pretty far to even get in it (next to impossible in a normal parking spot). once you are in it the windows are so short i dont even think i could crawl through one if my life depended on it. if you can get past that, its like driving a cube van with motorcycle mirrors in regard to rear visibility. the trunk opening is smaller than a brz's, etc. its a great car if you dont have to live with it daily. i lived with a brz daily and it felt far more practical.
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Old 03-18-2019, 09:55 AM   #10
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2018 models already have $15-$20k instant depreciation. I bet you could do much better than their offer and Alfa Romeo Quadra at$20k off for 18 model. If you want new Supra just wait a year for discounts also. Consumers are tapped out with too much debt right now. Watch for even more sales.

Last edited by Masterauto; 03-19-2019 at 01:30 PM.
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Old 03-18-2019, 10:26 AM   #11
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Seeing 10k off 2019 models 455hp for 29k very tempting
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Old 03-18-2019, 10:50 AM   #12
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Originally Posted by n2oiroc View Post
i was pretty set on getting a 1le ss until i went to the dealer and sat in one. the doors are 6' long and 18" thick, and the seat is ahead of the b pillar quite a bit so you need to swing the doors open pretty far to even get in it (next to impossible in a normal parking spot). once you are in it the windows are so short i dont even think i could crawl through one if my life depended on it. if you can get past that, its like driving a cube van with motorcycle mirrors in regard to rear visibility. the trunk opening is smaller than a brz's, etc. its a great car if you dont have to live with it daily. i lived with a brz daily and it felt far more practical.
That's a show stopper for me and a lot of people. Maybe it's a good car if you live in Montana, but not in a populated area where you have to do crap like parallel park and park in parking garages.

Seems like GM designed the look without any thought to usability.
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Old 03-18-2019, 11:19 AM   #13
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Originally Posted by shake-rattle-n-roll View Post
How does 0% interest = 13.89 per 1000 financed?
Because that's the financing cost. Finance fees are calculated at a certain amount per $1k financed. Interest is a separate cost applied to the principle.
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Old 03-18-2019, 12:35 PM   #14
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Watch for Falling prices world wide. World economies slowing down so consumers win.Don't expect any lower taxes anytime soon but expect a big rise
http://www.chinadaily.com.cn/a/20190...5c34ef392.html

Top global car brands slash prices ahead of VAT cuts
By Wang Junwei | chinadaily.com.cn | Updated: 2019-03-18 15:05
A customer consults with a salesperson in Shanghai, Feb 23, 2019. [Photo/VCG]

Mercedes-Benz, BMW, Jaguar Land Rover, Lincoln and other foreign carmakers announced price cuts for their models in response to the upcoming value-added tax cuts, according to Beijing Daily on Monday.

The VAT rate in China for manufacturing sectors will be cut to 13 percent from 16 percent starting April 1, the report said.

Last Friday, Mercedes-Benz took the lead in reducing prices for its models, with the maximum drop of 64,000 yuan ($9,500) for Mercedes-AMG starting from March 16.

BMW, Volvo, Lincoln and Jaguar Land Rover then joined the move, with price of Range Rover, a premium SUV model of Land Rover, cut by up to 85,000 yuan.

Despite this, some insiders said the price cuts will have limited impact on consumers.

"The auto market may not see a 3 percent change in actual terminal price, and for some models, prices may even increase after the implementation of the National VI emission standards," said Cui Dongshu, secretary-general of China Passenger Car Association.

"Car buyers should not have unrealistic expectations for price reductions, and they should make reasonable choices according to their needs and purchasing ability," Cui added.
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Old 03-18-2019, 02:46 PM   #15
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I don't understand why the new Camaro sells so poorly. It's a great car.
Because the Mustang and Challenger look better and are more practical as a daily driver because of better visibility.
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Old 03-18-2019, 04:32 PM   #16
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Seeing 10k off 2019 models 455hp for 29k very tempting
Not seeing any discounts on 2019 here, and not many 2018s left.
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Old 03-18-2019, 06:40 PM   #17
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Not seeing any discounts on 2019 here, and not many 2018s left.
https://www.cars.com/for-sale/search...28880&zc=28202
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Old 03-22-2019, 07:39 AM   #18
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Corvettes have an image problem and I'm not sure a halo mid engine version is going to fix it. There are only so many aging baby boomers who can still get in and out of them. The performance is fine, although the styling of the C7 hasn't aged well either.
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