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Chevrolet Silverado Prices Paid and Buying Experience

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Comments

  • joe,

    What was invoice on that truck?
    I have never purchased a new vehicle before
    and am looking at a similar truck but the lowest quote I am getting for a 30K MSRP truck(after 5K rebates and 2K gm card) is 20,700.
    Any insight or help would be appreciated.
    Dillydill
  • The invoice on the truck was $27,040, according to dealer's web site (I never actually saw the invoice sheet though).

    Based on my experience, you should be able to get a better deal. In some shopping around, most dealers were offering ~ $10,000 off a $30,000 MSRP (without much haggling at all). Not sure where you're located, maybe the rebates/incentives are different (I'm in Massachusetts).

    Basically, I was considering 3 different trucks:
    1. MSRP: 30,285 - Dealer offer = Trade + $6,000 ($9,985 Discount)
    2. MSRP: $29,605 - Dealer offer = Trade + $7,000 ($9,605 discount)
    3. MSRP: $30,037 - Dealer offer = Trade + $6,000 ($11,037 discount)

    I took these offers to another local dealer and he offered me a similar truck (off the showroom floor, brand new, with 4 miles on the odometer) for $4,500 + trade ($12,808 discount - the best deal I could find).

    Here's the deal (from the purchase agreement)
    $30,308 MSRP
    -$3,500 GM Cash
    -$1,500 GMAC rebate (financed at 6.5% - will refinance soon)
    -$1,500 Mfg coupons (3 at 500 each)
    -$994 GM Card Earnings
    -$6,308 Dealer Discount
    -$13,000 Trade (Fair trade value, per KBB)

    $3,506 + Trade Bottom Line
  • Joe,

    I am in MA too. It has been pretty crazy lately. Could you post the dealership name and where you got your truck? or email the details. My email should be in my profile.

    Also the Mfg coupons. . .how did that work out?
    Did you get them in the mail or basically how do you get them?

    Thanks again and go sox!

    Dillydill
  • Bought it @ Imperial Chevrolet - Milford, MA.

    The Mfg coupons are additional discounts from GM to the dealer. Most dealers seem to have them lately.

    These are in addition to any other 'secret' Mfg to dealer incentives, and the holdback, which is at least 3% of MSRP.

    Go Sox!!!
  • I tell myself I'm not in the market as my 97 1500 is still holding up pretty well. But, I made the mistake of looking at the Saturday classified in the Houston Chronicle this weekend and I'm seeing many dealerships offering LS 2WD Crew Cab's in the neighborhood of $21,000. If is was just one dealer, I'd blow it off, but there were several that had this configuration in this price range. And these were for 2005s!

    What's going on here? That's less than I paid for my 97 extended cab.
  • What is the rebate for this truck? Dealership is telling me that it is 2000.00 and they are going to give me 2 - $500.00 certificates, then GMAC is giving us 1000.00 for repeat business..
    I looked on a website about Chevy rebates, it has 3500.00 until 1/05..
    Am I getting scammed? Or did I look at it wrong.
    thanks
  • Crabhvac go to gmbuypower dot com they have the current incentives for 2004 and 2005 model years. Also if you want to make this deal hotter try and get a gm card. my buddy had the card for only few months and he got a offer from gm that bumped his card earnings up to 2K! His card rebate points were only at 369 so not bad good deal so check it out....
  • The salesman showed me a invoice sheet for the 1500 extended cab 5.3 aluminum V-8 wilh leather seats, the dealer invoice was around 30K, the MSRP listed was 38K, I talked them down to 29.5K. Was this a true invoice the dealer paid for this vehical, I'm told they have several invoice prices and I wasn't showed the real invoice for this truck. Is this True? I walked away from the supposed deal, I thought the MSRP was too high in the first place.

    Frustrated in Tucson
  • balichbalich Posts: 62
    That was probably invoice .. but keep in mind:

    to subtract REBATES .

    Also subtract dealer prep (advertising, etc)
  • I just wanted to share my experience and thank those who have posted before me especially
    joe29001.(I got almost the same truck as him. The sticker on mine was 100 more.)

    Yesterday I picked up a 2004 1500 LS 4 x 4 with Snow Plow prep, HD Trailering and suspension, Light Duty pack with 5.3 V8, 6 way power seat, powerfolding heated outside mirrors with turn signals, and tinted glass from Imperial Chevy in Milford MA.

    MSRP 30,418
    Invoice 27,142
    Agreed upon price 26,650
    Minus 3500 Rebate
    Minus 3 Instant Value Coupons 1500
    Minus GMAC financing 1000 (They said had to have for 90 days)

    Total was 20,650

    I also had 2400 GM card points that was bumped up to 3000 making the total purchase price before TTL 17,650. I did not have a trade in.

    I did all negotiating on the phone after not getting a great response via email from most dealers. Truck was in the showroom and had 10 miles on it. This dealer was about an hour away but gave me the best deal with least amount of hassle. I would not hesitate to recommend this dealership. . .i was not pressured to buy anything extra.

    Any questions feel free to email me.

    Thanks also to Carman in the rebates thread as that was very helpful in getting the deal.

    Dillydill
  • Kirstie_HKirstie_H Posts: 10,890
    Car_man "Rebates, Incentives, APRs - Questions & Comments" Dec 7, 2004 1:08pm

    from car_man:
    No details of this promotion, called the "Red Tag Sales Event" are available yet, but it would definitely be in the best interest of anyone who is considering purchasing a GM product to hold off on buying anything for a few days (it is rumored that the new program will begin on the 10th).

    Check our Rebates, Incentives & APRs discussion for updates!

    kirstie_h
    Roving Host & Future Vehicles Host

    MODERATOR
    Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.
    Share your vehicle reviews

  • I just bought a new 2005 duramax diesel crew cab LS package manual 4 wheel drive, has camper mirrors, cruise control, stereo with CD player, HD trailering, tinted windows. Stickered for $44,000 I got the truck out the door including tax,lic for around $38,000. Got a great deal and a great kick [non-permissible content removed] truck.. I love my truck.. It took my around 6 months to find the right deal..
  • Even with the current $2k rebate the 05 Silverado Reg Cab V8 & auto tranny cost in the low 20's. I can get a similarly equipped F150 for about 17k.

     

    Has Chevy always costs more than Fords?
  • pkmuppkmup Posts: 1
    Looking at a 04 Ford F-250 diesel but alarmed by the 66 TSB posted. Ford diesel is supposed to have better fuel economy.

    Chevy 04 2500HD diesel has complaints about fuel economy but doesn't show any TSB's posted. Any body have any input on the better vehicle?
  • Hi everyone, I'm new to this discussion group and have been looking around for a truck for a while. Thank you for all your comments regarding the Chevy 1500 Crew Cab Silverado. I found a leftover 04 on the lot at a local dealer and seems like a good deal. It's a Z71 package, candy apple red, and he's asking $33919 with zero percent financing for 72 months (in lieu of the $3500 factory rebate and $1500 GMAC financing rebate.

     

    What do you think? Has anyone have any major mechanical problems that I should really worry about with their 04 Silverado?

     

    Thanks very much.

     

    jcchevy
  • jcchevy,

     

    I have not had any problems with my 04 reg cab.

    Also, it is not my daily driver as I would go insane driving a truck everyday. I much prefer a sedan to commute and use the truck for chores and light plowing.

     

    The price you were quoted seems high.

    What is the invoice and Msrp?

    Are you aware about the Instant value coupons?

    Some previous posters have said that you should be able to get about 10K off sticker(w/ rebates) on an 04 . . . I was hesistant at first but with patience found a deal for almost 10K off sticker and then another 3K in GM card earnings.

     

    I went to a couple of small local dealers that did not want to deal and did not have many coupons to use so I ended up at a dealer about an hour from my home that moves a lot of vehicles.

     

    Good luck and keep us posted.

     

    Dillydill
  • In Sept. I decided to get rid of my 02 S-10 and move up to a 05 Silverado.

    I got internet pricing from 2 dealers both came in at about the same $26500 for an Ext Cab 5.3Ltr Trailer package LS equipt.

    I then selected a 3rd dealer who was a high volume dealer. I checked his inventory on line and selected three trucks that were in stock, all similar equipt. I made sure that I got to the dealer early so I could be the salesmen's first customer of the day. When I got to the dealer I gave the saleman the VIN numbers for the three trucks and told him that I was ready to buy one of the trucks that day. I ended up taking one that also had XM radio (only because it was there not because I wanted it) Dealer MSRP was $32,500, Dealer invoice was $27,300 (according to Edmunds) I paid $23,500 and got him to throw in a bed liner and running boards which were not on the truck. The secret was I told him I had been internet shopping at other dealers but I never told him what the others had quoted. I just let him talk himself into a lower and lower price. I guess that they are really desperate to make sales and timing is everything. Also do yopur homework up front.
  • To those who responded to my questions in particular owns2chvtrks and dillydill, thanks very much for the input and sharing your experiences with some Chevy dealers in obtaining a truck. I have a 2002 Chevy Suburban z71 with 18,000 miles and love it. I haven't had any problems with it whatsoever.

     

    The truck I'm looking at is a leftover 2004 Silverado Z71 4x4 4 Door crew cab, 5.3l v8, with running boards, trailer pkg, and Bose speaker system. MSRP is 37567, and with current factory discounts, rebates, etc., the price is at 28919, which seems like a good deal to me. Because I'm looking to take the 0% financing I lose 5k on the truck so my price is 33919 which if financed at 0% is cheaper for me in the long run. The other piece of my situation (which I only have myself to blame) is i'm underwater on a two trades on making to obtain the vehicle but my third trade covers the difference as i own the last car free and clear. Yes, im trying to trade three cars, long story.

     

    I've looked around for the last several months for a truck and I really like the power in the Chevy. I drove a 2004 Ford f150 crew cab with the 4.6L v8 engine but it had no acceleration whatsover. The Ford delaer is asking 29500 for the 4 door 2004 f150 with a 5.4 l v8 (i didn't drive it but assume it probably has more pickup than the 4.6), power moonroof, step bars and a few other features. I didn't look at Dodge. Looked at 2005 Toyota Tundra, 4 door, SR5, dealer asking 31000, 282 hp v8. Tundra just seemed "soft" but actually a pretty nice truck especially since it comes with the 6 foot bed.

     

    Anyhow, thanks to all who provided some input and I hope you all have a great holiday.

     

    jcchevy
  • Thats' total B.S.. There's NO way a dealer could sell that truck for that price. They'd be out of business in a week. Current "going rate" on these trucks is 20% OFF sticker AT BEST. You're "talking" around 28%. THERE'S NO WAY.
  • Don't bet on it. I just cruised through one local Chevrolet lot yesterday, and saw at least one $35k sticker on a truck with a tag showing $25k hanging from the mirror.

     

    The Avalanches weren't going for nearly so much off the stickers, but those red tags on the 1500 Silverados made my jaw drop. (Just paid ~32k after trade on a 35k truck, adding in 1500 debt on the trade + spray in liner + 0 ded 72 month extended warranty, back in October)
  • That's not BS at all. Dealers can and do sell new trucks at > 20% discounts every day.

     

    Think about it:

    There's $3,500 in incentives on some Silverado models.

    Add $1,500 in instant value coupons.

     

    With those discounts, you're at ~17% off a 30K MSRP (without negotiating a single penny off the MSRP). To get to your "AT BEST" 20% discount, they only need to knock $1,000 off MSRP (nowhere near invoice, forget about invoice minus holdback minus MFG-dealer incentives).

     

    I'm not sure where you get your 'going rate' values, but I'm afraid you're misinformed.

     

    When I bought my 04 Silverado, I got over 45% off MSRP. To be fair, $994 of that was GM Card earnings, and $1,500 was a GMAC bonus (not currently offered), so I wouldn't expect that sort of discount off an 05 (without the GM Card). The equivalent deal right now (without the extra incentives) would be:

     

     $16,506 (Price paid)

    +$1,500 (GMAC bonus)

    +$994 (GM Card $)

    =$19,000 (~37% discount).
  • cmwcmw Posts: 1
    We are interested in replacing our diesel F250HD that we use for snowplowing and towing a horse trailer/boat. I can't seem to find any of the Chevy Silverado's with a diesel that take a snowplow package. Is this just not an option? We really want the diesel engine.
  • jcchevyjcchevy Posts: 13
    Hi all,

     

    In follow-up to a discussion I wrote 12-24-04, I went ahead and confirmed some 04 Silverado prices.

     

    I had looked and test drove 04 Silverado Z71 Crew cab (standard 1500), 05 Cilv Crew Cab Z71, 04 Ford F150 Crew Cab, 04 Nissan Titan Crew, and 05 Toyota Tundra Double Cab.

     

    Prices the dealers were selling these for, as of Dec 31, 2004 were as follows (all bottom lines):

     

     04 Chevy Silv Z71, Crew Cab, standard 1500, 28,919 - taking all factory rebates, incentive, and bonus cash and financing at 6.9% for 5 years. Truck came with standard bucket seats, cloth, Bose speakers, z71 package, tow, package, side steps. No XM FM radio or sunroof.

     

    2005 Chevy Silv Z71, Crew Cab, standard 1500, 30775 - taking all factory rebates, incentive, and bonus cash and financing at 6.9% for 5 years. Truck came with standard bucket seats, cloth, Bose speakers, z71 package, tow, package, no side steps AND XM FM radio AND sunroof. Silver in color.

     

    04 Ford f150 XLT crew cab - 5.4 L V8, moonroof, tow, bed liner, bucket seats, cloth, 29,500 taking all incentives, bonus cash etc. and financiving for 60 months at 7%.

     

    04 Titan Crew Cab, SE, 29990 - taking discounts, bonus cash, rebates, etc, and financing for around 6.9%, 60 months. Included tow, off road, bedliner and a few extras.

     

    05 - Toyoato Tundra Double Cab SR5 - 31000, taking current rebate of $1250 (or maybe $1500 - I can't remember) and financing around 6.9% for 60 months. Included tow pkg and all standard SR5 features with only thing missing was the moonroof.

     

    Lot's of pretty good deals out there for these full size trucks.

     

    Take care.

     

    jcchevy
  • jcchevyjcchevy Posts: 13
    Hi all,

     

    In follow-up to a discussion I wrote 12-24-04, I went ahead and confirmed some 04 Silverado prices.

     

    I had looked and test drove 04 Silverado Z71 Crew cab (standard 1500), 05 Cilv Crew Cab Z71, 04 Ford F150 Crew Cab, 04 Nissan Titan Crew, and 05 Toyota Tundra Double Cab.

     

    Prices the dealers were selling these for, as of Dec 31, 2004 were as follows (all bottom lines):

     

     04 Chevy Silv Z71, Crew Cab, standard 1500, 28,919 - taking all factory rebates, incentive, and bonus cash and financing at 6.9% for 5 years. Truck came with standard bucket seats, cloth, Bose speakers, z71 package, tow, package, side steps. No XM FM radio or sunroof.

     

    2005 Chevy Silv Z71, Crew Cab, standard 1500, 30775 - taking all factory rebates, incentive, and bonus cash and financing at 6.9% for 5 years. Truck came with standard bucket seats, cloth, Bose speakers, z71 package, tow, package, no side steps AND XM FM radio AND sunroof. Silver in color.

     

    04 Ford f150 XLT crew cab - 5.4 L V8, moonroof, tow, bed liner, bucket seats, cloth, 29,500 taking all incentives, bonus cash etc. and financiving for 60 months at 7%.

     

    04 Titan Crew Cab, SE, 29990 - taking discounts, bonus cash, rebates, etc, and financing for around 6.9%, 60 months. Included tow, off road, bedliner and a few extras.

     

    05 - Toyoato Tundra Double Cab SR5 - 31000, taking current rebate of $1250 (or maybe $1500 - I can't remember) and financing around 6.9% for 60 months. Included tow pkg and all standard SR5 features with only thing missing was the moonroof.

     

    Lot's of pretty good deals out there for these full size trucks.

     

    Take care.

     

    jcchevy
  • jcchevyjcchevy Posts: 13
    Hi all,

     

    In follow-up to a discussion I wrote 12-24-04, I went ahead and confirmed some 04 Silverado prices.

     

    I had looked and test drove 04 Silverado Z71 Crew cab (standard 1500), 05 Cilv Crew Cab Z71, 04 Ford F150 Crew Cab, 04 Nissan Titan Crew, and 05 Toyota Tundra Double Cab.

     

    Prices the dealers were selling these for, as of Dec 31, 2004 were as follows (all bottom lines):

     

     04 Chevy Silv Z71, Crew Cab, standard 1500, 28,919 - taking all factory rebates, incentive, and bonus cash and financing at 6.9% for 5 years. Truck came with standard bucket seats, cloth, Bose speakers, z71 package, tow, package, side steps. No XM FM radio or sunroof.

     

    2005 Chevy Silv Z71, Crew Cab, standard 1500, 30775 - taking all factory rebates, incentive, and bonus cash and financing at 6.9% for 5 years. Truck came with standard bucket seats, cloth, Bose speakers, z71 package, tow, package, no side steps AND XM FM radio AND sunroof. Silver in color.

     

    04 Ford f150 XLT crew cab - 5.4 L V8, moonroof, tow, bed liner, bucket seats, cloth, 29,500 taking all incentives, bonus cash etc. and financiving for 60 months at 7%.

     

    04 Titan Crew Cab, SE, 29990 - taking discounts, bonus cash, rebates, etc, and financing for around 6.9%, 60 months. Included tow, off road, bedliner and a few extras.

     

    05 - Toyoato Tundra Double Cab SR5 - 31000, taking current rebate of $1250 (or maybe $1500 - I can't remember) and financing around 6.9% for 60 months. Included tow pkg and all standard SR5 features with only thing missing was the moonroof.

     

    Lot's of pretty good deals out there for these full size trucks.

     

    Take care.

     

    jcchevy
  • jcchevyjcchevy Posts: 13
    Hi,

     

    I forgot to include some addl info on my prior posting:

     

    1. MSRP on 04 Silv z71 Crew cab - 37,638

    2. MSRP on 05 Silverado Crew Cab Z71 - $39,795

    3. MSRP on 04 Titan - $35310

    4. MSRP on 05 Tundra - $34110

     

    Just curious to all you reading this message.

     

    1. Which truck would you purchase?

     

    2. I'm looking for best resale value and Toyota came in first, then Titan, then Chevy, then Ford. Anybody have any add'l infor or comments?

     

    thanks,

     

    jcchevy

     

    Prior posting:

     

    Hi all,

     

    In follow-up to a discussion I wrote 12-24-04, I went ahead and confirmed some 04 Silverado prices.

     

    I had looked and test drove 04 Silverado Z71 Crew cab (standard 1500), 05 Cilv Crew Cab Z71, 04 Ford F150 Crew Cab, 04 Nissan Titan Crew, and 05 Toyota Tundra Double Cab.

     

    Prices the dealers were selling these for, as of Dec 31, 2004 were as follows (all bottom lines):

     

     04 Chevy Silv Z71, Crew Cab, standard 1500, 28,919 - taking all factory rebates, incentive, and bonus cash and financing at 6.9% for 5 years. Truck came with standard bucket seats, cloth, Bose speakers, z71 package, tow, package, side steps. No XM FM radio or sunroof.

     

    2005 Chevy Silv Z71, Crew Cab, standard 1500, 30775 - taking all factory rebates, incentive, and bonus cash and financing at 6.9% for 5 years. Truck came with standard bucket seats, cloth, Bose speakers, z71 package, tow, package, no side steps AND XM FM radio AND sunroof. Silver in color.

     

    04 Ford f150 XLT crew cab - 5.4 L V8, moonroof, tow, bed liner, bucket seats, cloth, 29,500 taking all incentives, bonus cash etc. and financiving for 60 months at 7%.

     

    04 Titan Crew Cab, SE, 29990 - taking discounts, bonus cash, rebates, etc, and financing for around 6.9%, 60 months. Included tow, off road, bedliner and a few extras.

     

    05 - Toyoato Tundra Double Cab SR5 - 31000, taking current rebate of $1250 (or maybe $1500 - I can't remember) and financing around 6.9% for 60 months. Included tow pkg and all standard SR5 features with only thing missing was the moonroof.

     

    Lot's of pretty good deals out there for these full size trucks.

     

    Take care.

     

    jcchevy
  • Instant value coupons of $1,500? What are you talking about here? As for your price you said you received on an 04', I'm talking about an 05' model. Sure you got a GREAT deal on an 04', so did everyone else around Oct. or so. For the dealers were up to their eyeballs in vehicles and GM threw every incentive one can imagine to "move" their bloated inventories.
  • I was looking at a Chevy truck recently and the instant value coupons are still available. The dealer offered 3 (@ $500 each) towards an 04 or an 05 truck. Furthermore, the GM Card/GM just offered me $1,500 in GM loyalty dollars towards a new 04 or 05 (won't apply to everyone, but it's a nice bonus).

     

    I did get a good deal on an 04, (with GM incentives and the dealer's desire to move a stale leftover at a minimal profit, or even a loss?). Dealers are less motivated to move an 05 now (at the beginning of a model year) but the GM incentives are as good on a new 05 they were on my leftover 04.

     

    I don't assume that you'll get an October-November type deal now, but I'm certain they'll do better that 20% off of the bloated MSRP.
  • Thanks for your input. And will do my best NOT to pay any more than I have to for a new 05'. The instant value coupons still elude me however. NO dealer has offered or even acknowledge they exist. Ditto with internet quotes. The 20% OFF sticker is about as good as any dealer has offered (internet as well as in person) me on a $36K+ 4WD truck so far.
  • Jerry,

     

    Do you currently own a GM? If so, the $1,500 loyalty rebate should help.

    Do you insist on a 2005? There's still some 2004 models in/around Massachusetts (not sure about where you're located). If you think that the deals were good in October, they should be even better now.

     

    Unless you need a gas-electric hybrid or a factory sunroof, a 2004 model would do (if you can find one with your color/equipment requirements - not many to choose from now).

     

    The other differences (on the 1/2 ton models) are:

    Larger wheels on the 05 (could be added to an 04).

    Dual electric fans - vs. engine driven (not sure this is an improvement).

    04 actually had a better standard gear ratio than the 05 (3.73 vs. 3.42).

    One model (ext cab, std bed) offers the aluminum (& slightly more powerful) 5.3 (most of the early 05s have the cast iron motor though). I've driven both and can't tell the difference.
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