One of the concerns we’ve had over the past few months is the growing inventory surplus of Corvette ZR1s. Since January this year, the amount of available Corvette ZR1s has grown from 175 units to over 500 at the beginning of July. GM has obviously seen the trend as well and has decided to offer the very first rebates for the 638-horsepower supercharged Corvette.
The rebates for the Corvette ZR1 run through September 7th. You can get either a $3,000 rebate on the purchase of the 2010 Corvette ZR1 or 0% APR for up to 60 months. A $5,000 rebate is being offered on 2009 Corvette ZR1s, but we see there are only 11 09′ Corvette ZR1s available.
The Corvette ZR1 also qualifies for the $1,000 Toyota Conquest rebate which can be combined with the $3,000/$5,000 rebate. However, you lose that money if you take the 0% APR financing.
When the Corvette ZR1 first became available, we saw dealers applying “Market Adjustments” to the tune of $50,000+ over MSRP. It looks like those days are gone. Pre-owned Corvette ZR1s are now hitting the market with prices in low to mid $90,000s so buyers do have choices now that the market for the Supercharged ZR1 has cooled.
If you’re interested in buying a Corvette ZR1 or any Corvette for that matter, check out the inventory at Kerbeck Corvette and then call our friend Dave Salvatore at 877-537-2325.