I think you will struggle with that much of a pre-incentive discount. There’s not $17k in margin on those things - maybe half - so you’re asking the dealer to take a $9k loss. Not saying they won’t given the time of year, but it will be a struggle.
Yes 10k loss is what dealers told me at 18% off before rebates.
Their loss will be much higher later.
They are already selling pre-owned 24s for 65k.
As you know the unit economics of pre-owned and essentially “new old stock” is different. The former is market driven and the latter manufacturer / distributor driven.
so it’s not apples to apples.
I imagine the captives are going to have to kick in even more $$$ to move these before year end, despite how much they are already losing with incentives.
I’m not saying it is the same, but they are delusional to push these as brand new just because they haven’t been titled yet.
Dealers are expecting the customer to be ok with the fact that once you title your “brand new” 5k miles retired loaner (that didn’t even have full 3-year warranty anymore) you’ll automatically lose $20k.
So the 8750 in rebates are correct.
however, there is another 4750 in dealer cash from GM. So the actual dealer discount is $9048, or around 9%.
For an RST it’s not a terrible deal. The 2025 LTs are more favorable and might be as much as half that amount due to better RV and MF and lower MSRP. You might also want to think about a one-pay if you can do it, as the MF reduction is material and drop your effective monthly by ~$100.
maybe go in and tell them if they will do 460/mo for the 36/10 all in you’ll sign. You’ll be asking them for an 11.5% discount, which will probably be about a $5k loss for them, but it will get a unit off their books and get them a sale before month end. Just a thought.
Hope this helps.
Well it can be a delusional business ![]()
I’m at 15% off with a dealer, but their truck was used by management issues of loaner and they are claiming it isn’t eligible for the 5750 discount.
Yeah - I mean $545 with zero down isnt bad with a money factor of .00131.
However, it is a 2024 with 2k miles, I am seeing 2024s for sale on Cargurus for $66k now. Which makes zero sense to me that this unit will be worth $66k with 30k miles in 2028.
Do you think more of these and the 2025s will come up for sale in the next month? Would love to snag one soon.
I would just move on… 1 month from now a lot of dealers are going to be scrambling to get rid of any EVs . They are going to have to eat another $7500 loss starting October.
It’s not going to be worth that which is why leasing makes the most sense. One thing I’m trying to figure out is that you have 24 RSTs that have “loaner” miles (say under 5k), that have clearly been used as a loaner (titled corporate) but are selling “pre-owned” for like you said $66k-$69k. Then you have “new” “loaner” units (same miles) but are selling as “new” because of the loaner status and they don’t want to go below X to make these deals work.
Regardless, the only thing that has to make sense is for the deal you want to happen. The rest is a waste of time deal.
Keep on moving until a dealer wants to move the unit off their lot.
Again, it’s not apples to apples. What they pay for a trade in or auction vehicle is a different cost basis - market driven vs manufacturer driven. Some of those may have indeed been courtesy or loaner vehicles that were sent to auction. But they weren’t cars that were used at that particular dealer as a new loaner and just retitled.
You just have to decide what you want your outlay to be for your next vehicle and figure out how to make it work. If you are looking to buy and hold, then 1)leasing should not be considered in nearly all cases, and 2)you shouldn’t be looking at an EV - even slightly used - due to the massive continuing depreciation which will only grow as tech and battery options get better.
In my mind, if you can get an RST - a $97k sticker vehicle - for less than $500/mo out the door you’re doing pretty good. Or, find a 25 LT loaner and pay less than $250. If it were me, the 25 LT is the better deal despite how nice the 24 RSTs are. But it all depends on what you want.
I think it will be in the high 30s to mid 40s in two years, IMO.
I am at $545 out the door. I also get free charging at my office. So that’s part of my calculation.
I’m never going to buy this car, for the ev market it makes more sense to just lease. I want the lowest possible monthly, and I’m ok with the LT, just don’t have a ton of time these days to chase every deal.
Last days of the month with lease support on the 24s?
Any chance they are still supported next month?
I’ve sent so many offers in the last few days but just a few dealers replied.
No one knows until the new numbers come out…. but I would be somewhat surprised if they are still there given 25/26s are stacking up.