Chevrolet has recently sent out an email to their Z06 list, which highlighted the Z06 Corvette‘s pricing, which was announced a week ago. After showing the $106,395 MSRP, the link on the email sends you to the Z06 page at Chevrolet.com. However, if you kept reading the email, you would come across an addendum not seen before.
C8 Corvette Z06 Customers Can Make $5,000
The second section of the email pointed out by Corvette Blogger was titled “Go ahead, reward yourself,” it appears that Chevrolet is offering a financial incentive for owners who keep their Z06s for 12 months from the date of purchase. The rewards come in the form of redeemable points on the My Chevrolet Rewards Program. Members will earn an additional 500,000 points, a $5,000 value in points that can be redeemed on GM Financial Payments, Accessories, and more.
There are a few other things in fine print at the bottom of the email, which may cause some to get booted from the opportunity. The individual must be 18 years or older, they must have a GM Financial My Account and a minimum of 500 points ($5) Available, and once again, the reward is only redeemable through the GM Rewards program. This is great for those with no intention of flipping their Corvette Z06. A nice thank you from GM for keeping and enjoying the 2023 supercar. But we don’t see this program making any significant impact on slowing down the flippers.
It’s clear that Chevy has been thinking of a way to retain owners and stop the flippers, but $5,000 isn’t that much when you think about it. We believe it should have been something more like $50,000, which is likely more closely related to what people will turn in profit when they flip the Z06. Especially since the incentive isn’t even cash, just reward points. Of course, being such a hefty chunk of change, we can understand why GM wouldn’t want to pay customers so much money just to keep the Corvette market stable. The truth is that both opportunistic dealers and hype beasts will profit on Z06 flips, and little can be done to stop it at the moment. Save for federal intervention, perhaps.