http://www.autotrader.com/fyc/vdp.js...ce=&cardist=13

I couldn't believe my good fortune to find a GT-500 for $41,302. And on top if that it was only 20 miles away. I wasn't in the market for this car but this was too good to pass up. I immediately called the local dealer and asked about the car. The first thing I did was to confirm the price. And the dealer confirmed that the price was $67K. If it sounds to good to be true...

 

Looks like false advertisement to me

 

Well, you certainly got my attention,,,,,

 

I'm surprised that the P-town dealership has it. Why they didn't send it to the Greenbrier store is beyond me, because I don't think there is any market for that car in that area. Someone who is looking for that car already knows to go to VA beach, Norfolk, or Greenbrier.

I have a funny feeling it will end up at their other store in not so long a time.

 

That could be the invoice price.

 

Realistically, if the dealership didn't get a retraction letter printed by the advertiser, then legally, they have to sell you the car AT the advertised price. If they have the letter, then they are in the clear (at least that is what I have been told).

 

Legally, the dealership does NOT have to sell it at that price. The reason is that this is an invitation to the public to make an offer. There is no binding requirement to sell at this price, because it is considered an ad and is therefore an invitation, not an offer. Even if someone accepts the invite, and makes an offer that encompasses all the terms set in the invite, the inviter may refuse to accept the offer.

This info comes straight out of a business law book that I have kept because I knew it would come in handy at different points in my life.

what they doing may not be good business ethics, but it is legal.

 

IT is my understanding that autotrader automatically lists all cars at the MSRP even before the dealer gets it. Several GT500s are showing up at the MSRP, but, when you call, it is not the case

 

This is case in point why you'd be crazy to buy a shelby at more than msrp. That's crazy money and you would be on the depreciation train as soon as you sign the papers.

It'd make much better finacial sense to wait until the market gets flooded with them and the price drops to msrp.

 

Well, I felt it was worth $5000 to enjoy the car for 2 years before that happens....

 

Looks like the listing's been updated.

 

Disapointing to say the least, hang in there AFBlue you will get what you want.

 

I'll have to go by and drool on it. I hope it sits there a good long time.

 

Well, $5,000 I could live with........$20,000 I can't. That's just stupid money to pay over sticker.

 

if they hold the value as well as 03-04 cobras then they'll be fine.

I see 03-04 cobras listed for over 30k still.

 

That'll drop as soon as the GT500s come down to normal. Right now there is no car in that price range with that kind of power. That is allowing the Terms to stay up there.

 

there is a low milage 03 for 28k at the dealer in town.

 

a car that MSRP was $33,460 and still going for 28k 4 years later is pretty good.

 

Yeah, but dealer's asking prices on used cars are typically always inflated. Depending on how much they have in it, they may go down to 25K on the car to sell it. Or, if they have a lot in it (ie-the guy traded it in on a shelby, so they put more into the 03 to get more out of the shelby, they may not move on it as much).

Just remember, if a used car at a new-car dealer doesn't sell, it goes to auction or gets wholesaled out. So, if their 3 months (or whatever time frame they have to sell a used car) gets close, they will probably move it for anything above wholesale price.

 

So your telling me that someone that pays 20k over sticker is doing good as long as it holds it's msrp value?? That still isn't good financial sense. So your saying, if that person bought that '03 cobra originally for 55k, that they're doing good because it's value is still at 30k?? It doesn't make sense.

Now, as I said earlier, if they pay 5k over sticker and it holds, then that is much better. I could live with that. But paying 67k for a 41k msrp car is nuts no matter how you slice it.