Been thinking of upgrading your current ride? Now may be a good time to go shopping. Chevrolet is giving out a good deal, and is currently offering rebates up to 10 percent off the price tags of certain C7 Corvettes, according to Corvette Blogger.
Now, you must be asking why they are pulling off this promo. The reason for this is most likely because they have a lot of Corvettes stocked in their inventory that they have to get rid of. That usually is the main reason why cars go on sale, to move the cars out from the dealership to the driveway, and to your garages.
Compared to last year’s records, Corvette sales this year have gone down significantly. But they aren’t the only ones suffering from this. Many automakers have been experiencing a decline in the sales of their sedans too. There seems to be a trend where people are shifting to crossovers and SUVs.
So the way the deal works is that a certain allotment of rebates are given to dealerships for every car they sell at supplier price, which usually is priced between employee pricing and the standard pricing. This rebate can then be added to the supplier price (that is already lower than MSRP), which can save you a lot of money.
Now that this incentive is up for grabs, the earlier promos such as the owner loyalty rebate of $2,000 and $5,000 Brembo brakes incentive have now ended. The Brembo brakes deal was a pretty interesting one - it was tied with the Grand Sport and Z06 models, which really don’t need any kind of incentive to begin with as they were high-end, low production cars that will definitely sell out in a matter of weeks. Also, the incentive was just an option that comes with the Brembo ceramic brake package, which costs $7,495. In short, they were giving away a $5,000 rebate if you get the optional add-on that costs $7,500. So the deal really did not make sense.
The odd thing is that incentives for limited edition high end cars are unusual. On the rare occurrence, incentives are given when there’s too many of a certain model and they need to dispose of them. And oftentimes, $70,000 cars usually are so in demand because of what they are and what they offer, so rebates and discounts aren’t really necessary.
Not so long ago, they still had a 267-day supply of new Corvettes. So if you have the cash, and have been wanting a Corvette for some time now, then you might want to head down to the closest dealer before this special deal ends. You definitely won’t regret it!