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Chevrolet Silverado Prices Paid and Buying Experience

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Comments

  • sleukemsleukem Posts: 22
    You really don't know a thing about purchasing a new vehicle. It doesn't matter one ioda which day of the month you decide to purchase a vehicle.

    I'm sorry to say but you are half wrong on that statement.

    If a dealership is approaching the end of the month and has not made their sales quota, they will be more willing to deal on their inventory.

    Now if the dealership has been hot then they will not have much incentive to deal on their vehicles. In this case, you are right. It will not depend on what day of the month it is to buy. Jfritsch covered this in post 459. He mentioned that if a dealer was popular, you could beat your head against a wall and only get a free oil change. Something to that effect anyway. :)
  • fueledupfueledup Posts: 64
    Wrong wrong wrong! If a car is hot it's all about negotiation skills. If a car is cold it's gotta go. On the first , the fiftenth, the thirty-first, or any day in between. The last day of the month b.s. is all about creating a mirage of you have to buy it now or this great bargain will disappear. Quota is every day of the month!
  • sleukemsleukem Posts: 22
    I realize quota is every day of the month. That is why if they haven't reached their sales quota by the end of the month they would be more likely to deal with you.

    Sorry but I have never heard a car salesman tell me that at the beginning of the next month it will go up so I really don't get your mirage scenario.
  • puttercaputterca Posts: 4
    after a few months of researching, i finally pulled the trigger today.
    1500 ext cab, 2wd, with california pkg MSRP 29315
    i paid 26480, so about 10% off MSRP and i took the 0% financing
    they also gave me a fair deal on my trade-in.
    from my experience, the internet quotes i was getting were 5-6% below msrp, and I could get a few of them to 8-9% after a little negotiating, but they were insulting me with what they wanted to give up for the trade-in. my biggest asset was the research i've done and the posts i've read on edmunds to see what everyone else is paying. having the knowledge of a what a good deal would be, as well as having a few dealers competing for my business gave me the advantage in the negotiating process and it was actually very quick and painless.
  • fueledupfueledup Posts: 64
    congrats. give updates on your mpg as you motor along. good luck.
  • ocautoseekerocautoseeker Posts: 425
    The last day of the month b.s. is all about creating a mirage of you have to buy it now or this great bargain will disappear. Quota is every day of the month!

    True, a good deal can be had any day of the month, but the "best" deals will be had the last couple days of the month. Why you ask? Because at the beginning of each month, dealers are optimistic about hitting their numbers and believe that they have 31 days to achieve their goals.

    Example: Customer comes in on the 2nd and gets quoted $250 over (sounds decent, right?). Besides, dealer has 29 days to haggle with him, or move on to customer B, so the desperation of a sale is not prevalent yet.

    Now, the same customer waits 'til the 30th and that $250 over quote drops to $1250 below. That's a $1500 swing and a subtantial savings - certainly worth waiting a few weeks for.

    You have to remember though, prices are affected in so many different ways - color, engine, tranny, options, length of time in inventory, etc.
  • kgabekgabe Posts: 25
    Rebates $2000 Cash to Customer start: 03/04/2008 end: 06/02/2008
    Get Dealer Pricing
    Restrictions $2000 Customer Cash may not be combined with 3.9% - 6.9% APR.
    Comments Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement.
    $1000 Cash to Customer start: 05/22/2008 end: 06/02/2008

    Restrictions GM Memorial Day Event Bonus Cash is good towards the purchase or lease of select vehicles.

    $1500 Cash to Customer start: 05/22/2008 end: 06/02/2008
    Restrictions GM Memorial Day Overage Bonus Cash is good towards the purchase or lease of select vehicles. Vehicles must have a price effective date on or before January 22, 2008 to qualify.

    WHAT does this last sentence mean?
  • jfritschjfritsch Posts: 958
    I'm assuming it means the manfacture date sticker on the door or drivers doorjamb.

    --jjf
  • dukebludukeblu Posts: 18
    Just bought a 5.3 LB WT. Had air, Z85 suspension and dealer installed bed liner. Didn't want the bed liner, but nobody else around had a 5.3 LB WT. MSRP $20,890, $21,118 with bedliner. Well after the main $1500R, Memorial Day $1000R, Pre 1/22 R $1500, Private Conquest $1500R, GM Card $1500R, GM Card Bonus $1000R, I used a total of $8000 in rebates. I thought I would never beat the $7700R I got off my GMC Classic 5.3 WT last year. To top it off the pre 1/22 trucks MSRP base at 17,455 newer ones at $17,890.

    So traded in the GMC plus $2,950 and have a new truck. Upgrades were cd, bed liner and HD suspension over the GMC. Plus I had three gallons in the GMC 33 in the Chevy. Thats $120 buck incentive right there. 7% better fuel economy with 7% more horse power. And XM radio. The GMC had 12,500 miles. The deal is out the door.

    With the better options, better 5.3 the deal is right there with the trade I made last August for the GMC trading a 2006 bare bones 5.3/Air LB Silverado WT with 32k miles plus $2,150 for same 2007 GMC. GM is letting me always drive a new 5.3 LB for under $250 a month. The no trade in cost on the truck cash after tax would have been under $13,700. I paid $14,200 for my SB 5.2 Dakota Sport with less options 14 years ago. Needless to say, I'm a fan of the GM Card.
  • asylum575asylum575 Posts: 72
    Dukeblu,
    Where did you find out about the $1000 GM card bonus rebate? I haven't seen it or gotten any information on it.
  • hotrod1965hotrod1965 Posts: 19
    GM dealers can only go so low off the sticker price.(unless you expect them to lose money) They are generally regulated my GM on what they can sell trucks and cars for. So to expect 10K off sticker is pretty unlikely, since GMS pricing is usually about 10% off. So if you get 10% off plus rebates you are doing pretty good.
    As far as what it is worth 12 months later... who cares? A vehicle isn't an investment, it's a tool you need to live.
  • dukebludukeblu Posts: 18
    GMCard just sent it to me out of the blue, probably around the first of May. $1000 bonus good only on Silverado and Sierra. gmcard.com/1000offer is the link. Offer expires on 6/02

    So they sent me a private offer and additionally sent me the $1000 GM card bonus. When I saw the Memorial Day incentives and realized the base price had gone up $435 on newer arriving ones as of late, figured pulling the trigger now would be a lot cheaper than trying to upgrade a bit later.
  • jfritschjfritsch Posts: 958
    Thats silly. The first 12 months depreciation is a good determinant of how unrealistic msrp is. Almost all trucks depreciate about the same after the 1st year. The Dodge Ram 1500 msrp 42000 wholesales for 20000 after 12 months or so. Adding up rebates, subtract invoice etc gets you about 8000-9000 off msrp. They sell all day long at 12000+ (preferably the plus off), except for unfortunates who pay msrp (not an insignificant number) and folks trying to calculate dealer "cost" by published invoice figures. Invoice has been a nominal figure for over 15 years. This is especially true for trucks. Eating 10000 to drive a truck 1st year with a 12000 discount is financially painful.

    Chevy isn't this bad, (their msrp is slightly more realistic) but with a 38000 vehicle wholesaling for 14000 off msrp or so after 12 months, don't get carried away with a big 7500 discount with conquest rebate, military rebate, student discount,loyalty discount, trade in bonus,dealer discount, gm card, gm card bonus, x-plan, wack dealer's ex-wife discount, etc... 7500 off is an average deal, and they are hardly giving it away at that price.

    Good luck
    --jjf

    GM dealers can only go so low off the sticker price.(unless you expect them to lose money) They are generally regulated my GM on what they can sell trucks and cars for. So to expect 10K off sticker is pretty unlikely, since GMS pricing is usually about 10% off. So if you get 10% off plus rebates you are doing pretty good.
    As far as what it is worth 12 months later... who cares? A vehicle isn't an investment, it's a tool you need to live.
  • dukebludukeblu Posts: 18
    When you leverage $8000 of rebates against a $21k MSRP whole different set of economics. I can have them give me between 10-10.5K trade on the same truck that's one year old and have it equate to a cost of less than $250 a month depreciation. So yes, I'm getting carried away. On a $42k truck, agree the economic picture changes.
  • hotrod1965hotrod1965 Posts: 19
    You missed the point. The dealer doesn't get to decide what the lowest price is on the truck, GM does. The trick is figuring out what that lowest price is, which typically is the GMS price, then you can add on whatever rebates ...etc
  • sleukemsleukem Posts: 22
    I don't know why you are replying to my post. At no time did I say you should expect 10K off sticker price. Your arguement is with someone else.
  • dukebludukeblu Posts: 18
    But is GM Supplier price valid with all types of the GM Card? Think after July 2003, that quit being an option on a lot of the card variants. So for those with a standard type GM Card, probably wiser to not worry about Supplier pricing.
  • hotrod1965hotrod1965 Posts: 19
    How much better do you guys think prices will be after june?
  • crewcabbcrewcabb Posts: 13
    I have a chance to purchase this vehicle with a 5.3L engine,it is a demo ,has 3500 miles on it,for $9000.00 off Invoice of 32306.00,is this a good deal at all??? Thanks for your help.
  • hotrod1965hotrod1965 Posts: 19
    So you would be paying $23306.? If that is the case, that would be a sweet deal. At 3500 miles, it really is a new truck!
  • asylum575asylum575 Posts: 72
    Is the $32306 the invoice or MSRP? If it's the invoice, then the MSRP would be around $35500 and getting it for under $24000 would be a steal, um, ehr a very good deal.
  • First off let me just say hello to all my chevy silverado owners....just thought id start off with....i just bought a 07 LT2 new body style silverado with the 5.3 flex fuel, loaded to the gills except leather and GPS with only 2100 miles, yes 2100 miles, for a price of 25,000 including TTL. i absolutely love it, especially the 20" rims. The crew cab is awesome for the kids and the truck doesnt even have so much as a mark on it anywhere. Billet grille, toneau cover and bed liner, running boards, rear stereo, towing pckg, garage door opener, remote start, and on star. i think i got lucky with the buy...just wondering what you guys thought. Cant wait to be active in the forum here. Looking to see what you guys think about oils, CAI's, exhaust, etc. Anyways....first post here so please feedback with anything.... later!
  • crewcabbcrewcabb Posts: 13
    Actually it will come off the MSRP which is 34,620.00 on this vehicle,so it would be 25,620.00 plus TTL.
  • crewcabbcrewcabb Posts: 13
    No,my mistake ,it is off the MSRP,which is 34,620.00 ,which would come to 25,620.00 plus TTL. ,still a deal????
  • asylum575asylum575 Posts: 72
    What was the sticker?
  • jfritschjfritsch Posts: 958
    I thought the way a dealer would drop his pants off a demo for 12000 off msrp was suspicious, if it was a second owner or wrecked. MSRP makes a lot more sense.

    About 8000 off msrp has been an average deal off a new vehicle like this in july for the last few years, that was before the gas prices made the value of these vehicles really fall. About 3500 miles on a demo at 30 cents a mile or so would put you at 9000 off msrp for an average or slightly better deal a year or two ago. Definitely nothing to write home about for an 08 now unless a significant amount of dealer add-ons.

    Its not a really bad deal either, just don't base the purchase on the assumption you're getting a great deal. The deal with 0% for 36 or 60 months would be much better.

    If you look up the wholesale trade in value of a used 07 like the 08 you're looking at (what your 08 will be worth in 12 months) on kbb.com or nada.com you will see it probably wholesales for about 15000 off msrp. This is probably optimistic as the value of 20 mpg trucks are falling as we speak and the books are high.

    Good luck
    --jjf

    No,my mistake ,it is off the MSRP,which is 34,620.00 ,which would come to 25,620.00 plus TTL. ,still a deal????
  • hotrod1965hotrod1965 Posts: 19
    Just got my 08 ext cab 2wd all star edition. Also love the 20in rims! Leased it for $204/month out the door with no money down. Has a sticker of $30110. Deals are pretty sweet if you really need a truck. I leased, for the fear it may be worthless in 3 years.
  • kyfdxkyfdx Posts: 28,574
    Hi cleansilverado...

    Be sure to check out our other Silverado forums here:

    Chevy Silverado

    regards,
    kyfdx
    Host-Prices Paid Forums

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • crewcabbcrewcabb Posts: 13
  • crewcabbcrewcabb Posts: 13
    yes,I thought the deal wasn't that good after all,they don't want to dicker on the price of more than 9 grand off, another question,I have talked to 2 people that have gotten the Silverado "08" with the Z71 package on it and they said they have a hard time gettin 13mpg. on the highway,very dissappointed in the gas mileage on them,another thing for me to look at I guess, I am looking for better gas mileage,but,hopefully more than that and that is also with the 5.3L engine,yikes!!
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