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Chevrolet Silverado Prices Paid and Buying Experience

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Comments

  • rorerore Posts: 13
    Bash GM? Sales are down 20%, that’s not bashing, that’s just describing the water. “Aggressive pricing” has not worked; it’s more like “Aggressive advertising” that’s worked. These prices have been around for some time now.

    I may buy a truck. I may not. That's up to me, not some salesman. Unfortunately for GM and the dealers, I don’t have too, and I’ve done my homework. There are other trucks to be had on the market.

    More importantly, I’m not going to fork over $20k+ just because someone tells me it’s a good deal. If that’s your case, I’ll sell you some ocean front property in Kansas for a “good deal”.
  • $1500 rebate through the mail ! What is that? sounds good...
  • I agree. The out the door price has not changed in months. It's another sales gimmick. Whenever GM comes out with employee pricing or cash back, they subtract that number off of your trade in. Out the door price is the bottom line. To GM's benefit, many people are not savy enough to figure that out. Then we wonder why were in a mortgage crisis! Smart buyers do their homework and can recognize the sales gimmick.
  • Most dealers are within a couple hundred of each other when I shop. I always go to three.

    Its the dealer that dips into his numbers more
    to move an earlier build that gets my business. That- and usually I buy a base non-a/c truck(You know, the ones nobody buys from those screamer ads in the paper)

    I got mine.
  • Yup. years and years of stuff have the domestic buyers trained for some sort of "dinner bell" to ring around the end of the year. GM is spending big bucks to ring it and of course should make the most out of it. Pitty the "dinner" is in most cases the same stew served the last few months anyway. With that and the usual "gm card" folks on the leash (GM allows or disallows as many points usable on a single purchase as it wishes) it can dump stock with less pain than usual. With this and other stuff they may whittle a 190 day supply to a more reasonable 70 day supply with some luck.

    Good luck
    --jjf

    I agree. The out the door price has not changed in months. It's another sales gimmick. Whenever GM comes out with employee pricing or cash back, they subtract that number off of your trade in. Out the door price is the bottom line. To GM's benefit, many people are not savy enough to figure that out. Then we wonder why were in a mortgage crisis! Smart buyers do their homework and can recognize the sales gimmick.
  • The only way GM being in the red will affect the price you (the customer) pays is if they (GM) incent either you as the customer and/or the individual dealerships.

    The price any given dealer pays GM for it's product is fixed throughout a given period. It's the rebates, bonus cash, dealer cash etc. that "sweeten" the deals. The bottom line is that the vehicles on the lot have already been paid for by the dealer (well, actually it's on loan through the captive bank, in this case, GMAC). The juice will start tickin' usually between 60-90 days depending on loan structure and terms specified. It's like any other loan, the bank wants it's money back!

    Simple economics tells you that... sell enough vehicles for less than what you've paid, you're gonna' go out of business. Car dealers are closing down in record numbers. The Ford, Dodge and GMC dealers right down the street from my home all closed down within 6 months of each other - yeah, they were obviusly making a killing!

    It just irks me when I hear people say that "employee pricing" is a gimmick. It's an incentive, so how is that a gimmick? Is a $5000 rebate a gimmick? No way! The emp pricing actually helps the dealer because the holdback money is what GM is subsidizing. Now, as opposed to a few months ago, you don't really need to haggle since GM is essentially "dipping" into the dealer's holdback "for you" and giving you that money. But, 3 months ago, dealers were dipping into their own operating accounts without help from the factory.

    Don't get me wrong, I'm a big proponent of getting a great deal, but when you've worked in the business and you know how things work, you understand when someone is being reasonable and when someone has absolutely no clue.

    As a dealer, I'm not gonna' make any money on the sale of my new inventory... why? Because we live in the free information age and an educated buyer knows what I paid. A savvy buyer probably has his own financing, so I lose there. A trade-in (if desirable) and aftermarket (finance products) are my only profit sources left. Sure, I'd love to sell you a vehicle for cheap, but it has to make sense. Even in rough times, unless GM keeps incenting me, my cost on any given vehicle is fixed.

    The number of "roll-over" customers is dwindling because even a soccer mom will jump on edmunds nowadays to get pricing information.

    Last thing... yes, there are some really scummy dealers - no doubt about it. However, if you act professional and courteous, you may just find that it will be reciprocated. If you walk into a delaership and act like an 'a-hole know-it-all' trying to prove something, I guarantee you're gonna' close the gap on your options. If you p*ss off enough dealers, pretty soon they'll blackball you and then you'll have no options left. You can be friendly,yet firm and still drive a hard bargain.

    Sorry for the rant guys (and girls), just trying to educate some of you since making a purchase should be fun and exciting, rather than having stories about what a moron dealer A was, or how stupid dealer B is, yada yada yada...

    The information you need to find holdback (for every manufacturer) is listed right here on Edmunds, as are rebates, bonus cash, lease and finance specials, and even marketing support monies.

    Good luck in your searches! Be sure and post the details.
  • sorry this has nothing to do with what u are talking about im new in this blog just wondering how to leave questions?? just trying to find out what a good intake for my 04 duramax maybe banks,airaid,AEM,k&n,,,,, not sure lol thank u
  • kyfdxkyfdx Posts: 27,885
    Hi!

    Here is a list of all of the Chevy Silverado discussions. Just click on the link, and pick the discussion that is most on-topic for your question.

    Post your questions there, and wait for others to join in!

    regards,
    kyfdx
    Host-Prices Paid Forums

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • cac4cac4 Posts: 11
    I have a quick question on a purchase i am going to make. A 08 chevy 1500 lt 1 4x4 with 17000 miles for $19000.00. That is over $5000 less than a new one. The only probelm is that it has the 4.8L motor. I have not heard anything bad about this motor. Has anyone else?
    I wanted a 5.3L but this is a great deal, I just dont want to have any problems with the motor being to small for the truck. I dont tow much so I dont think i will have a problem.
    Thanks for any input.
  • I had an 03 Silverado Z71 with the 4.8. At the time I wasn't towing much and it was fine. Averaged about 16-17 with careful driving. If you just need a truck for the bed and won't be towing, you should be OK. I have a 6.0 engine with a 4 spd now and love the power, but man does it drink gas. The 5.3 has the alternative fuel management and they will add a 6 spd in 09. Only issue I would have is towing capacity. The 4.8 with the 3.42 gears tows 5500 lbs and the 5.3 with 3.73 gears tows 7000. Remember most dual axle trailers are a minimum of 7000 GVW, but if you don't tow, you're good.
  • Dicked around with a dozen dealers for 6 weeks best I could do was $10000 off msrp. Now that I bought I'am sure the rebates will go up for the rest of you, your welcome.
  • rorerore Posts: 13
    Thanks.

    With talks of a government bail out there’s little incentive to move inventory, so every little bit helps.
  • The 2009s are hitting the dealers. Inventory of 08s is still good. The rebates and employee pricing is a good package. I was hoping the GM card would raise redemption allowances. $1500 is peanuts these days, especially when I'm sitting on $5000 the GM card dollars.
  • I was thrilled to get 6385 off a base truck with a MSRP of 18,380. Thats the cheapest longbed Chevy you can buy. (and I'm the cheapest longbed owner out there)

    65 more payments and that baby's ALL MINE !!!!!!
  • skipnsbskipnsb Posts: 12
    Anyone have any recent buying experience for the 2008 Silverado? thanks
  • i know there was a bunch of 2008 silverados sold and nobody is posting anything here! well for me, i would be buying through the college grad program so i get supplier pricing plus 6500 off a crew cab silverado 2008. thats what im aiming for right now. i got quoted a truck msrp of approx 38,000 for 29,500 or so. i know it can still be beat but the places around here (alaska) dont budge for crap. its irritating.
  • I am in the market for a 2008 GMC Sierra. I waited too long to start looking and there are very few available in my area. I found a dealership that had 5 or 6 that were close enough to what I wanted... Sierra 1500 Crew Cab SLE1 with 20" rims and 5.3L (Pro-package). Their sister dealership ran an ad for 10k off MSRP on all '08 1500's, however, when I called they didn't have any left. I presented the ad to the other dealership and they were willing to honor it. The sticker price on the vehicle I wanted was approx 32,900. They had a $650 charge for interior and exterior protectant that was not on the official sticker and brought the total to about $33,550. I also had a trade in (2002 Ford Expedition) which Kelly blue book indicates is worth about $3,300. I told the dealer I wanted 5k for it.

    Their first offer came back at 10k off the MSRP and 4k for my trade in. I told them I was fine with the 10k off, but wanted 5k for trade in. Also, they had some $390 fee in the price, which was a service charge. The saleslady attempted to explain what it was for but it didn't make sense. I told her I wanted that waived in addition to adding the additional 1k to trade in price. She took it to the manager who said she would work with me but couldn't give me another 1k on trade in. Since it was our first place to shop, we left. I should also note that I was buying a "crimson" truck, which is really metalic purple in the sunlight, and that 3 of the 5 2008's on the lot were this color. Also, the mgr claimed the GM rebate was ending that day (10/31). It looks like it ends on 11/3 so I have a few more days to decide.

    Here are my questions...

    1) Do you think their initial offer was pretty good and worth taking if they would knock a few hundred more off?

    2) Any idea what the GM incentives will be on '08's come 11/4?

    3) Is that $650 protectant charge BS or do all dealerships have that?

    4) Is that $390 service charge BS?

    Any help anyone could offer would be greatly appreciated!
    Thanks, Donnie
  • jfritschjfritsch Posts: 958
    Yes, the 650 is bs.

    Yes the 350 (usually called a doc fee) is bs.

    Email 20-30 dealers within 200 miles of your locale (chevy website) for a truck of your specs. (about 32000 msrp, etc) for an 08 and 09 version. Ask their best price and that you will buy before nov 3 or end of month. Describe your trade and ask for kbb good (or fair) price (the lowest of nada kbb or edmunds). Set that and let them compete on the new truck.Give the top 4-6 your cell#. Chevy may well be more productive to work with as there are 4x as many dealers. Do 95% of the work by email and phone on your couch. Last week off the month is usually crunch time for about 10% of dealers not making quota. If you are paying cash or other financing your only concern is the lowest difference owed.

    If you run a 07 version of your $32000 gmc (or silverado) truck you may find it may have a trade in value of about 17000 or so. This is what your 08 will be worth in 12 months. Even 22000 isn't exactly giving it away. Get prices for an 09 version too because you may get a dealer competitive on it as dealers can work 08 leftovers for more dough if supplies are low.

    Good luck
    --jjf

    Good luck
    --jjf
  • rorerore Posts: 13
    The “charges” are BS.

    But, as a consumer, all you care about is price out the door. A price of $24K with “charges” included is better than $26K with no charges. That may be kind of hard for some folks to wrap their heads around. Get the final price and make your comparisons from there.
  • Thanks. Great advice!
  • A co-worker bought that exact Crew cab model in black at the same time I bought my Silverado.
    Said he paid 23k OTD.
    With an add on bed cover (folding)

    Personally, I don't think a lot of Silverados have been sold since my last post.

    Two of the trucks I test drove are still on the lot. And that was back in April.
  • ALL the dang dealerships in alaska wont budge on price. they simply wont. i go in, talk for 2 hours, and they wont budge. they tell me they can give me the current offers and thats it, so i say no take something off, they say they simply "cant lose money" and every time i walk out. nothing happens. they call me tell me to come back in, i go in, they show me the truck again, show me the price plus the current offers, they wont even take a penny off because they "cant lose money" and i tell them no again and walk out. im 21 years old, maybe thats why? anyone have advice? ive been to EVERY dealership in alaska. which is about 6 or so. ive been doing this for like 6+ months and i get the same answer EVERY freakin time. any advice would be GREATLY appreciated.
  • Buyer should get the any factory to buyer rebate money plus ..there's a factory to dealer spiff ($2000) out there on leftovers. Apparently they aren't that hurt- or your offer can't be supported by GM (its too low- GM basically makes the minimum prices up, not the dealer)

    See whats on the net ...say eBay for instance. If there's a truck on there, get the particulars. If its priced to your liking, you might be better off. Shipping might be an issue......or not.
  • rorerore Posts: 13
    They have no incentive to budge. They stand to receive billions in government bail outs. It behooves them to continue to hold out as long as possible to make the bailouts more likely and come more quickly.
  • jfritschjfritsch Posts: 958
    I would quit exhausting yourself walking into 6 dealerships end of month (if thats what you did, walking into 1 or 2 each month would be ineffective) and just email for their best quotes on an 08 or 09 model last week of the month and see what pops up. 98% less energy expended. (Read my last few posts here) If the particular store is meeting quota or good sales you can talk for 4 hours, tap dance, sing yankee doodle, do a strip tease and only entertain them. The one 50 miles away (that you're not at) may need to make some sales that month.

    You may have answered your own question noting there are only 6 dealerships in the state.(there are 33 within 40 miles of me). If you are in a captive mkt like hawaii, your options may be limited. If you don't need a truck now, I would try the end of month thing for a few months, especially if you expand it to Ford and Toyota.

    I also have no idea what prices you are getting. A 07 32000 msrp chev truck barely has a trade in of 17000 (if that) so you would want at least 10k off an 08

    Good luck
    --jjf

    ALL the dang dealerships in alaska wont budge on price. they simply wont. i go in, talk for 2 hours, and they wont budge. they tell me they can give me the current offers and thats it, so i say no take something off, they say they simply "cant lose money" and every time i walk out. nothing happens. they call me tell me to come back in, i go in, they show me the truck again, show me the price plus the current offers, they wont even take a penny off because they "cant lose money" and i tell them no again and walk out. im 21 years old, maybe thats why? anyone have advice? ive been to EVERY dealership in alaska. which is about 6 or so. ive been doing this for like 6+ months and i get the same answer EVERY freakin time. any advice would be GREATLY appreciated.
  • i dont understand this. dealerships in the lower 48 consistantly sell vehicles for under invoice and on top of that, you get the rebate. say a truck is 32,000 msrp, the invoice is 30,000, and the rebate is 5,000. alaska dealerships right now say 30,000 plus 5,000 rebate. and consistantly say "we cant lose money". ok well how can dealerships down in the states sell a vehicle for under 30,000 plus rebate. example i got a quote from bill pierre, the truck was 1,000 UNDER invoice plus rebate of 7,000. putting the truck at almost 11.5k under msrp. so to jjf, how do i go about getting a truck, msrp of 37,550, red tag plus 6500 rebate on it now puts it at 28,133. how can i get it for 10k off?!? its just frustrating to me. thank you for your help! i know all about dealer holdback and everything. i know when gm says ok red tag on there vehicles, that the dealerships get an additional incentive to sell. and they still simply wont budge.
  • Went by my local Chevy dealer, looking for a work truck. I had looked at a truck a couple of months ago and it was still on the lot. I had some old notes on the truck and had the employee price that was offered. It was $1000 less than the "red tag" sale" price. The rebate is $500 more now than before, so the net is about $500 better a month ago. I asked for the $1000 lower employee price. I made the offer by price. I didn't say, "Give me the employee price". Then I came up $500. They wouldn't budge. What's the deal? Are they waiting for a congressional bailout? Seems to me, if they want to stay in business, they need to sell vehicles. I am against the auto bailout as well as the $700 billion bailout.
    Good luck GM.
  • Just made what I think is a good deal (don't tell me if it isn't). Frankly, I haggled with Toyota, Ford and Nissan. This was the best deal (though I got the Ford guy to within 200 bucks of the Chevy on a nice FX4).

    2008 4WD Ext. Cab LT1
    5.3 Auto
    LT1 Convenience Pkg
    "All Star" Edition
    3.73 axle
    ============
    OTD $24.2K
  • Dave,
    What was the sticker? A good deal is about 7-8% off sticker plus rebates. If you can get 10-12% off sticker plus rebates, then you're talking employee pricing.
  • sticker (msrp) was $33,165 ...

    BTW, the "Red Tag" was 23,737. NC taxes are 3%, tags are $68. I spoke with the sales guy (one of the commercial/fleet guys) over a couple of days and he said he couldn't come down off the "red tag". I said fine, but I would only pay $50 for a doc fee (they wanted $399), taxes and 68 for tags. He actually came back to me with a lower price.

    As you can see, the red tag price plus state tax is over the OTD price I have. So they did come down off the red tag enough to negate the other fees; plus they threw in a bed liner.
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