When (how many days) do you feel you have "High Leverage" for purchasing a vehicle? Thank you.


Asked by Jetpilotrick Jan 26, 2013 at 03:58 PM about the 2005 Chevrolet Corvette Convertible

Question type: Shopping & Pricing

1 Answer

Mike Rabkin

If for a new vehicle: Dealers have a period of time where they pay very subsizied financing on the vehicle on their lots (known as the "floorplanning" period. This is for 90-100 days. Once this period ends, theyhave to pay a lot more to the manufacturer for financing to keep the vehicle on their lot, so have an incentive to get rid of the oldest vehicle on their lot. Just look at when the vehicle arrived on the window sticker to get an idea when the floorplanning period began for the vehicle you are interested in. If a used vehicle: Dealers keep used vehicles on their lots for an average of 90 days or so until they send it to an auction (because they can't tie up their capital forever, and must have turnover to get new vehicles), so if you can check the carfax report for a vehicle on a dealer's lot, and see when it changed titles, that's an indication of when the dealer received it from the previous owner. So the closer you are to 90 days past that date, the more leverage you have, since they'll get bottom dollar for the vehicle at the auction, and have to pay to enter it, clean it up, gas it, pay someoen to drive it there, etc.... (NADA does put out auction numbers each week that dealers subscribe to, so if you can get your hands on that, can get an idea what a dealer will get at auction if they don't sell the car within 90 days of receiving it. Mike Rabkin Fromcartofinish.com

3 out of 3 people think this is helpful.

Your Answer

Add photo

Related Questions

Search Chevrolet Corvette Questions

Chevrolet Corvette Experts

#1 califcarson
Reputation 1,320
#2 carGrrl
Reputation 1,090
#3 Tom Demyan
Tom Demyan
Reputation 910
View All

Related Models For Sale

Used Ford Mustang"
687 Great Deals out of 37,653 listings starting at $1,800
Used Porsche 911"
141 Great Deals out of 4,275 listings starting at $11,950
Used Dodge Viper"
6 Great Deals out of 369 listings starting at $24,990
Used Dodge Charger"
487 Great Deals out of 30,715 listings starting at $2,999
Used BMW M3"
43 Great Deals out of 1,065 listings starting at $2,995
Used Jeep Wrangler"
670 Great Deals out of 43,273 listings starting at $3,000
Used Chevrolet Silverado 1500"
2,056 Great Deals out of 137,148 listings starting at $999
Used Mercedes-Benz SL-Class"
113 Great Deals out of 3,111 listings starting at $3,999
Used BMW 3 Series"
987 Great Deals out of 37,629 listings starting at $1,500
Used Porsche Boxster"
74 Great Deals out of 1,730 listings starting at $3,985

Used Cars For Sale

2016 Chevrolet Corvette For Sale
3,544 listings starting at $61,000
2015 Chevrolet Corvette For Sale
17 Great Deals out of 1,539 listings starting at $49,995
2014 Chevrolet Corvette For Sale
44 Great Deals out of 908 listings starting at $46,488
2013 Chevrolet Corvette For Sale
18 Great Deals out of 430 listings starting at $29,943
2012 Chevrolet Corvette For Sale
7 Great Deals out of 331 listings starting at $26,985