Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Chevrolet Silverado Prices Paid and Buying Experience

191012141538

Comments

  • guardian03guardian03 Posts: 12
    Please...educate us on how you acheived 10k off the MSRP on your NBS Chevy/GMC truck. We're all ears. In fact, why don't you write a book? Hell, I'll buy a copy. Let me know when you go to print.

    Looking at Edmunds.com, a base NBS extended cab Silverado has an MSRP of $25,960 and an invoice of $23,753. Including dealer holdback, that is a profit of $2,985. However, YOU can buy this truck for $15,960? Hmmmm.
  • jfritschjfritsch Posts: 958
    Actually, I could write a book, but I pointed to the few worthwhile resources that have already been written. Already in print from 24 months to 25 years. (Accord prices paid section msg 14394) Do this and you will be well educated.

    No you will not probably get 10000+ off a base 25000 truck like the 32000+ trucks. Don't we wish. However this summer is likely to be a shooting gallery at least if not more than last summer for this segment so I wouldn't doubt anything. Give a month for the new body style to wear off the Chev and a few months for the Tundra and it will be business as usual. If not already.

    However, an invoice of 23753, with a "profit" of 3000, + 3500-4000 in rebates, + 2000 or so in hidden dealer cash (based on sales volume and targets) may get us dangerously close to $9000 off for a dealer needing to make a sale, even on a base truck. Your 16000 figure may not be far off this summer.

    Happy Hunting
    --jjf

    Please...educate us on how you acheived 10k off the MSRP on your NBS Chevy/GMC truck. We're all ears. In fact, why don't you write a book? Hell, I'll buy a copy. Let me know when you go to print.

    Looking at Edmunds.com, a base NBS extended cab Silverado has an MSRP of $25,960 and an invoice of $23,753. Including dealer holdback, that is a profit of $2,985. However, YOU can buy this truck for $15,960? Hmmmm.
  • guardian03guardian03 Posts: 12
    So, what you're saying is you can't get 10k off MSRP on an extended cab NBS LT1? Ok, I believe that; but I don't follow your numbers on your example showing a 38% discount from invoice that will still give the dealer some profit. Don't get me wrong, I'd love to get 10k off the truck I ordered, but was ONLY able to get it for $82 over invoice minus any discounts. My math shows the dealer will still make about $700 from the holdback, but I doubt there are another 8k of secret factory-to-dealer dollars coming to him for volume sales, etc. What did you pay for your truck?
  • ktpklossktpkloss Posts: 28
    "What did you pay for your truck?"

    lol...yeah...too bad this forum isn't more active...looking few pages back, there were only a handfull of REAL reports from people who actually purchased the truck, and none of them came even close to the "10k off" mark on a new 2007 silverado...well i guess just a bunch of naive neophytes, letting the dealers make $6000+ profit on each car they sell...
  • guardian03guardian03 Posts: 12
    Absolutely. You know, I've driven a few bargins with car dealers in my 42 years, and those car dealers sometimes say "NO." They are under no obligation to sell you the vehicle and I experienced a sales manager tell me they were closing when I wouldn't budge off the numbers I brought in from Edmunds.com. You'd think if he still had another 5 or 6k in profit in that car (as has been suggested), he would have been more than happy to finish the sale and get me out of his dealership.
    I promise to post my actual numbers of my Silverado purchase when I take delivery in June.
  • oomag12oomag12 Posts: 5
    Bought a new Silverado vortek v-6 4 speed auto WT, March 1 06. April 1, 07, the tranny is fried.... The truck did have miles, but all highway, and no hauling or towing, but none the less out of warranty, GM agreed to pay half of 3600. repair at alternate dealer, but at 13 months, i really felt they should have covered the total. I have also had the AC/Heater "resitor" burn out, wiring included..... The orginal dealer that i purchased the truck from, did replace it free of charge. Service manager told me the 06's and 07 classic's had faulty resisitors and he took care of it for me. He also told me if I would have towed the truck back to him ( dealership where truck was purchased) he would have got that trans. replaced free of charge. So i guess, good advice is GM dealerships ARE competetive, and if at all possible return your vehicle (even if warranty is expired) to the dealer you bought it from. The dealership that i had evalutate the truck when the tranny took a dump, is also where i tried to make a deal on a truck 13 months earlier. The truck broke down 1.5 miles from thier dealership, so had them take a look at it. I am conviced, because they asked where the truck was purchased, they hung it to me. They even, for lack of a better word, lied to GM customer service concerning the diagnosis. I learned a hard lesson, no matter, return to the exact dealer for ANYTHING, regardless......
  • jfritschjfritsch Posts: 958
    On the Honda repair board there are numerous Oddessy owners who have gone thru 3 trannys. A 05 Tundra owner is furious for having to foot the bill for his tranny (no towing, 70000 miles). I really don't know which manufacturer you would go to avoid this. Maybe other makes have a 1/30 chance of this happening vs 1/20 ?. IE 50% better.

    --jjf

    Bought a new Silverado vortek v-6 4 speed auto WT, March 1 06. April 1, 07, the tranny is fried.... The truck did have miles, but all highway, and no hauling or towing, but none the less out of warranty, GM agreed to pay half of 3600. repair at alternate dealer, but at 13 months, i really felt they should have covered the total. I have also had the AC/Heater "resitor" burn out, wiring included..... The orginal dealer that i purchased the truck from, did replace it free of charge. Service manager told me the 06's and 07 classic's had faulty resisitors and he took care of it for me. He also told me if I would have towed the truck back to him ( dealership where truck was purchased) he would have got that trans. replaced free of charge. So i guess, good advice is GM dealerships ARE competetive, and if at all possible return your vehicle (even if warranty is expired) to the dealer you bought it from. The dealership that i had evalutate the truck when the tranny took a dump, is also where i tried to make a deal on a truck 13 months earlier. The truck broke down 1.5 miles from thier dealership, so had them take a look at it. I am conviced, because they asked where the truck was purchased, they hung it to me. They even, for lack of a better word, lied to GM customer service concerning the diagnosis. I learned a hard lesson, no matter, return to the exact dealer for ANYTHING, regardless......
  • flysprayflyspray Posts: 15
    I just ordered a silverado 1500 extended cab 8' bed LTZ. The dealer gave it to me at dealer invoice... We will also deduct any discounts offered when the truck comes in. (around june 10-15th)

    I thought I made a pretty good deal.... Am I wrong?????

    I know I could have gotten a better price if I was willing to take one off the lot. I'm getting my truck exactly the way I wanted it.

    One thing I do have going for me (I think) is that I ordered the truck with a dealer installed tonneau bed lid. The salesman told me that they don't have them yet but they will be available in 2-3 weeks...(last week). I checked with him friday and they are not available yet. I plan on not taking possession of the truck until the lid is installed. By the way NOONE makes a lid for the new body 07 with 8' beds yet. They all claim that they will be out any day now... but not yet. If the salesman wants me to take the truck without the bed lid he is going to have to lower the price. If not I will ask for my $500.00 deposit back because he tried to sell me something that doesn't exist.

    Back to my original question... Did I get a good deal??? At dealer invoice less any incentives available when delivered.

    gregC
  • jfritschjfritsch Posts: 958
    Don't know if the dealers are able to milk the Truck of the year thing for the new 07 body style for a few months, but if you look up a used 06 LTZ (or equivalent) like the one you ordered, it probably wholesales 13-15k off MSRP 1st year. I would want (and got on my 06) 10k off. A guy a work got almost that much off the older 07 body style. (~$33000 trucks)

    In general rebates and dealer incentives sometimes don't apply to ordered trucks so if the $1500 rebate now goes to $4000 like it was on the 06's and older 07's neither may apply.

    If a $40000 or so machine depreciates 13k or so in a year $3000 off MSRP is not a good deal. If the dealers got a 60 day reprieve from gravity and got some increased traffic for the Truck of the Year headline, that isn't helping you any. If they actually have a $4000 rebate by June, and they apply it, a $7000 off deal would be OK for an ordered truck.

    Happy Hunting
    --jjf

    I just ordered a silverado 1500 extended cab 8' bed LTZ. The dealer gave it to me at dealer invoice... We will also deduct any discounts offered when the truck comes in. (around june 10-15th)

    I thought I made a pretty good deal.... Am I wrong?????

    I know I could have gotten a better price if I was willing to take one off the lot. I'm getting my truck exactly the way I wanted it.

    One thing I do have going for me (I think) is that I ordered the truck with a dealer installed tonneau bed lid. The salesman told me that they don't have them yet but they will be available in 2-3 weeks...(last week). I checked with him friday and they are not available yet. I plan on not taking possession of the truck until the lid is installed. By the way NOONE makes a lid for the new body 07 with 8' beds yet. They all claim that they will be out any day now... but not yet. If the salesman wants me to take the truck without the bed lid he is going to have to lower the price. If not I will ask for my $500.00 deposit back because he tried to sell me something that doesn't exist.

    Back to my original question... Did I get a good deal??? At dealer invoice less any incentives available when delivered.

    gregC
  • jerrywimerjerrywimer Posts: 588
    For someone claiming to be in the know, you're posting quite a bit of incorrect information.

    Don't know if the dealers are able to milk the Truck of the year thing for the new 07 body style for a few months, but if you look up a used 06 LTZ (or equivalent) like the one you ordered, it probably wholesales 13-15k off MSRP 1st year.
    There is no 'LTZ' package on the 06 or 07 Classic trucks. The closest you could go is a fully (or extremely well) loaded LT3. Even then there are many additions to the new trucks that just can't be had on the old body style, so an 07 NBS LTZ will be practically guaranteed to have something that would require 'modding' the old truck (and extra cash out of your pockets after the sale to do so). I could let you slide here because of the 'or equivalent' part of your post though.

    In general rebates and dealer incentives sometimes don't apply to ordered trucks so if the $1500 rebate now goes to $4000 like it was on the 06's and older 07's neither may apply.
    This is where I find the biggest problem with your post. Rebates and Dealer Incentives ALWAYS apply, but only whatever's in effect when you accept the truck (after delivery). Basically, the using the scenario you present, the $1500 wouldn't be given, but the $4000 would! Other incentives that are optional (and usually only known by the salespeople) would of course be contingent on negotiating skills at time of vehicle delivery. I know this because I custom ordered my 07 Avalanche and went through the same process, losing the $2000 GM Owner Loyalty discount because my truck came in less than a week after it expired, but instead talked the dealership into most of that back using some certificates they had available for use to swing buyers who were on the fence.

    If a $40000 or so machine depreciates 13k or so in a year $3000 off MSRP is not a good deal. If the dealers got a 60 day reprieve from gravity and got some increased traffic for the Truck of the Year headline, that isn't helping you any. If they actually have a $4000 rebate by June, and they apply it, a $7000 off deal would be OK for an ordered truck.
    Not really true. We aren't buying the truck after depreciation, nor (hopefully) with plans of keeping it only for a year. ALL vehicles go through heavy depreciation as soon as you drive them off the lot, some moreso than others. But after the first year's big hit things tend to stabilize and drop much more slowly. You numbers here don't sound so bad though (the $4000.. $7000 part- I got around $6000 of my Av as a brand new buyer and that was using only the GMID certificate plus military discount and dealer incentives).
  • flysprayflyspray Posts: 15
    I dont know anything about hidden incentives or manufacturer to dealer hidden cash. All I can go by is what the dealer tells me is his dealer invoice price. I know that he is not selling me the truck at no profit. How do I find out what is his true net profit on the truck.

    By the way... the salesman emailed me to tell me the production week on my truck has moved up a week (may 21st). He also told me that the bed lids are scheduled for production this month. He said no part number or price on the bed lid. He did already quote me the bed lid so if its lower I benifit... if higher I have it in writing.

    Does anyone know if on past versions of the bed lids or lockable tailgates if the key flop that unlocks the doors also unlocks the tailgate and/or bed lid???

    gregC
  • jerrywimerjerrywimer Posts: 588
    I believe the new trucks are the first with lockable tailgates. And bedlids / covers and their like normally come with their own keys, usually with a different style of lock than takes a standard vehicle key. I'm guessing that the tailgates on the new trucks use the same key as the doors and ignition, but that the lids will be the same as always with their own key / lock. Also, I don't believe the truck's tailgate has a power lock mechanism, so the fob won't open them. The Avalanche (mine for instance) goes the other way, where the tailgate has a power lock operated from the fob along with the rest of the doors, but no actual opening to use the key to manually unlock it.

    Previous model Avs were like the new trucks with the manual locks, and lots of folks did mods to get 'power locks' for the tailgate. So if you're into modding, I suppose you might be the first to do that with your new truck. ;)
  • jfritschjfritsch Posts: 958
    Its a good thing I put the "or equivalent" in there or then I would be in big trouble. :)

    --jjf



    There is no 'LTZ' package on the 06 or 07 Classic trucks. The closest you could go is a fully (or extremely well) loaded LT3. Even then there are many additions to the new trucks that just can't be had on the old body style, so an 07 NBS LTZ will be practically guaranteed to have something that would require 'modding' the old truck (and extra cash out of your pockets after the sale to do so). I could let you slide here because of the 'or equivalent' part of your post though.
  • stariostario Posts: 3
    Classic body Style z71, 4 dr, short box
    Sticker price - 52,000.

    Paid 44,200 had them install nerf bars, and spray in box liner.

    Hidden costs :
    $400.00 document fee, which is just money in their pockets, it doesn't go towards anything.
    $3000.00 In life insurance costs on the loan... which I cancelled the next day and got a private 100k policy for 5 years for only $700.00

    about $6000.00 in taxes as I live in British Columbia. and then there was the extra taxes, new battery tax, rubber tax, antifreeze tax and what ever else..

    and the interest on the loan, got 1.9% financing...

    when i finish paying for the truck, i will have paid back Just under $60,000.00 over 5 years.

    Montly payment is just under 1000.00

    Go figure.
  • jerrywimerjerrywimer Posts: 588
    Its a good thing I put the "or equivalent" in there or then I would be in big trouble.

    --jjf

    Okay. I won't slap your hands this time! :P
  • joe29001joe29001 Posts: 48
    $3000.00 In life insurance costs on the loan...

    ???

    Why would you buy life insurance on a loan? Who benefits from this - the lender?? Once you're dead, who cares if the loan gets paid? What are they going to do - hurt your credit score? With this policy, you'll still be dead, your credit will be impeccable (that's some relief). On top of that, $3,000 for a $44,200 5-year policy seems obscene (unless you're already 90+ years old). Even $700 even seems high. That's $140/year for a $100,000 5-year term policy. It's better, but still seems high, unless you're a high risk of becoming dead (old/sick/both).
  • jfritschjfritsch Posts: 958
    Yeah in general you are better just to get a $500000 term policy for your family to cover everything (probably for 140/yr if healthy.) If you have no family then you need no insurance unless someone cosigned.

    Actually he did pretty good considering the folks who will go the $3000 route. (I put myself thru college on this stuff... Its good stuff.)

    --jjf

    $3000.00 In life insurance costs on the loan...

    ???

    Why would you buy life insurance on a loan? Who benefits from this - the lender?? Once you're dead, who cares if the loan gets paid? What are they going to do - hurt your credit score? With this policy, you'll still be dead, your credit will be impeccable (that's some relief). On top of that, $3,000 for a $44,200 5-year policy seems obscene (unless you're already 90+ years old). Even $700 even seems high. That's $140/year for a $100,000 5-year term policy. It's better, but still seems high, unless you're a high risk of becoming dead (old/sick/both).
  • flysprayflyspray Posts: 15
    Ive talked to the dealer and he didnt know... Does anyone know if the lockable tailgate works with the keyflop.

    jerrywimer mentioned that I might be the first to make the bed lid work with the keyflop.

    Is it possible to tie into the doors auto unlock wires and run them to a actuator on the bed lid??? This will mean that when I press the button to unlock the doors the bed lid should unlock also. I know this sounds simple but Ive tried simple projects like this before and got bitten in the AXX.

    Im hopeing that the tailgate works with the keyflop because this will make this project a lot easier.

    gregC
  • ktpklossktpkloss Posts: 28
    "I just ordered a silverado 1500 extended cab 8' bed LTZ. The dealer gave it to me at dealer invoice... We will also deduct any discounts offered when the truck comes in. (around june 10-15th)

    I thought I made a pretty good deal.... Am I wrong????? "

    You made a better deal than i'd get today , when i tried
    a different approach (as i want this track really bad) --> GM Supplier cert, to get supplier pricing...well...i'm still drivng my old car. they honored the GMS pricing, which comes to just a bit over "regular" invoice pricing (in my case LTZ, excab, 4x4 with few options MSRP 36600, GMS 34000, invoice 33500), but that was it, they also apply curent incentive (only $1500 , as compared to $1000 cash + $1000 back for a trade-in of a car 1999+)...which made the car around 32500, not a PENNY less ("only" $4k off MSP, total), the salesman did the "let me ask my sales manager" routine...but came back with NOTHING not even a $500 off.... wow....i mean ... i had my checkbook and all ready to pay for the car, so it's not like i wasn't trying to get the car for real... and also, it's not like the dealer was soo busy selling these trucks either --> believe me, saturday early afternoon, i spent about an hour and a half there...and i was the ONLY guy there besides the sales staff for the whole time. I honestly don't get it... hey "10000 off msrp dude" how about i pay you a $1000, and you find me my car for $7k off MSRP?, shouldn't be any problem, since you can get $10k off w/o breaking a sweat.
  • jfritschjfritsch Posts: 958
    Read my message 238 and 231. I got 10k off my 06 in December. The truck of the year thing may have bumped things for while. .

    Email 20 chevy dealers around you with your specs last week of the month thru the chevy website with a request for bids. Top 3 color choices etc and your desire to buy before EOM. I wouldn't be surprised if you can approach or exceed 7k now even though the LTZ is a lower supply vehicle. (and you want every bit of it because it probably barely wholesales for 25000 in a year) If you can't get it you're probably better off waiting a month or two for prices to drop, or getting a similar higher volume truck equipped like the LTZ.

    Its really rather silly to walk into one dealership at the beginning of the month no less and expect them to drop their pants immediately. Even though you saw nobody around, the sales manager has a better feel for the trend over the last 40 days (he's there you know). If he's got a bunch of folks moving these things off his lot nicely he's likely to give you (and the folks) a mediocre deal.

    There may be another chevy dealer 20-70 miles away who has these things gathering dust like boat anchors, or needs to meet a sales target end of month. Don't you think you should find him? You'll like him. He'll be the one (or two) pestering you on your cell out of the 20 solicitations you mailed last week of the month.

    And yes, letting your cell phone and email do 90% or the narrowing down work, letting the minorithy of eager beavers come to you, one breaks very little sweat.

    Good Luck
    --jjf

    You made a better deal than i'd get today , when i tried
    a different approach (as i want this track really bad) --> GM Supplier cert, to get supplier pricing...well...i'm still drivng my old car. they honored the GMS pricing, which comes to just a bit over "regular" invoice pricing (in my case LTZ, excab, 4x4 with few options MSRP 36600, GMS 34000, invoice 33500), but that was it, they also apply curent incentive (only $1500 , as compared to $1000 cash + $1000 back for a trade-in of a car 1999+)...which made the car around 32500, not a PENNY less ("only" $4k off MSP, total), the salesman did the "let me ask my sales manager" routine...but came back with NOTHING not even a $500 off.... wow....i mean ... i had my checkbook and all ready to pay for the car, so it's not like i wasn't trying to get the car for real... and also, it's not like the dealer was soo busy selling these trucks either --> believe me, saturday early afternoon, i spent about an hour and a half there...and i was the ONLY guy there besides the sales staff for the whole time. I honestly don't get it... hey "10000 off msrp dude" how about i pay you a $1000, and you find me my car for $7k off MSRP?, shouldn't be any problem, since you can get $10k off w/o breaking a sweat.
Sign In or Register to comment.