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Chevrolet Colorado Prices Paid and Buying Experience

lee_wlee_w Posts: 239
Hello, and welcome! Share your buying experiences here!
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Comments

  • ajaxbroajaxbro Posts: 5
    Has anyone purchased a colorado lateley using the GM supplier discount. Specifically a Z71 LS 4x4 Extended cab.
  • banjoecbanjoec Posts: 5
    Just factory ordered a '04 Canyon. 4WD Z71 SLE W/3.5L engine & 5speed. Paid $21,499 before rebates. Can anyone that really knows the answer, tell me why the GMC's sell for $600-700 more than the Chevy's. Lots of reasons floating around out there.
    Thanks
  • tkotko Posts: 1
    Was at a dealer and told him that I only wanted to pay $400 over invoice - handed me a dealer search report with the MSRP, DIP and GMS figures on it. Told me that GMS is below invoice and reserved for employees or current GM owners. Is this the case? Much obliged.
  • madridjoemadridjoe Posts: 28
    I sell Chevrolets in Fl. Here is the scoop

    DIP = Dealer invoice price, what the dealer pays not counting holdback

    Supplier price = price reserved for employees of large companies like Disney that have an arrangement with GM. Usually around invoice, sometines below.

    GMS is reserved for current, and retired GM employees. It will always be below invoice, but GM makes it up to the dealer
  • I just took delivery on '04 Colorado Z71 4X4 in blue, crew cab with every option but Onstar. Paid invoice price ($28488) plus body molding add-on (nicer chrome $100) minus $3000 (rebate plus GMAC bonus). Came out to be a little above $27K with taxes. Plan to pay it off as soon as the payment book comes from GMAC. Did not really want XM radio, but man is it nice! Like the truck so far. Anyone have any advice on bed covers that look nice on the crew cab? How about bedliners?
  • Check with your dealer, you have to make at least 3 payments or lose the GMAC bonus on that rebate.
  • Are you sure about that? One dealer told me to wait 90 days before paying it off, or the title work would get screwed up, which makes a little sense. The dealer I bought from told me that I could pay it off the minute I got my payment book. It's probably worth a call to GMAC.....I have to get the pay off amount from them anyway.
  • I sell Chevrolets in Florida, and unless it is state regulated, you will find that to avoid a penalty you need to make the first 3 payments before you pay it off.
  • walletwallet Posts: 38
    In MA, several dealers told me I could pay the note off as soon as I got the paperwork in the mail. One single dealership told me I had to wait 90 days lest GM somehow bill me for the rebate.....
  • We bought a 2004 Chevy Colorado today at a dealership in Northern California: extended cab, 4x4, 5cyl, 3.5L, auto, 3800mi for $19,500 cash before taxes & fees. Has premium sound, CD, XM radio, OnStar, alum. whls, power windows & locks, sliding rear window. Dealer price was $23,995. Purchase experience was easy.
  • Supplier discount $26,014. Got some front tint and a bed liner for $100 to close deal. Dealer fee (couldn't negotiate it away) $150, so $26,264. Less $4k in rebates...so $22,264 plus tax and license.(I am active duty military so got another $500 in rebates). Dealers agent was good, dealership management a pain. Used GMAC financing for one month, then paid off with credit union (4% for 5 years 50% loan to value) The credit guy at the dealership said it was a convenience issue with title work; no penalty for early payoff.
  • 05 Colorado 4WD LS Crew Cab Z71 1SE 3.5L I5 Automatic w/ Heavy Duty Trailering Equipment ($270), Body Colored Wheel Flares ($100) & Body Side Moldings ($100) $28,355-MSRP. Paid $22,943.85 after GM Employee Discount and $2000 cash incentive. Tax, Title, License and Dealer Fees were extra.
  • Why did the employee pricing change from end of July to September on Colorados? It appears GM is still advertising employee pricing but is it truly employee pricing since prices decreased approx. $700 - $1000? Employee pricing is usually a percentage off of invoice and the invoice price did not change on the colorado. Is this false advertising?
    I paid approx. $800 more in July than the current employee price in September even though I purchased with a dealership that participated in employee pricing.

    I do not think I paid what GM employees paid as there advertising goes.
  • I got the employee price after reviewing my contract.

    The #14 posting is in error. No wrong doing by the dealership or GM.
  • Hi, my brother just bought a 2006 Chevy Colorado Regular cab, 2WD, 5-speed manual Transmission, 2.8 liter/4-cylinder. He was telling me over the phone that the MSRP on the truck is $15,330 and the Invoice price is $16,260. when he said this, i got a very bad feeling that he got taken by the salesman. I looked over my papers from the purchase of my 2004 Silverado that i bought new back in mid-2004. It had an MSRP $27,260 and the Invoice price of $24,096. I believe that the Invoice for my brothers truck includes the Factory Holdback and possibly other in-valid charges. Can anyone on this forum tell me if i am reading these numbers correctly? Should the Invoice price always be quite lower than the MSRP? I read this really good site that is very imformative. The Factory Holdback is not supposed to be included in the buyers price as it is given back to the Dealership once it sales the vehicle. Please contact me if you have any information on this issue.

    Thanks,

    Juan, Tampa, FL
  • I sell Chevys not that far from you, Invoice will always be lower than MSRP, I suspect your brother did not have his figures right. Holdback is not reflected in either MSRP or Invoice pricing, it is listed separately on the invoice. For the record, if you ask to see the invoice and the salesman refuses, you are in the wrong dealership. Today, since everyone has access to this info anyhow on the net, there is no reason not to be up front with all of this information.
  • c0mc0m Posts: 5
    Does $24,000 with $26000 OTD sound like a good price on a left over 2006 Canyon SLT 4x4 with an MSRP of about $32,000?
  • jfritschjfritsch Posts: 958
    Check the used price of your vehicle 06 with 100 miles on kbb.com, nada.com and edmunds.com. Take the average of the 2 lowest prices and add 1000-1500. The car is almost 2 years old. I'm assuming around $21000 is what you are looking at (closer to 20-21 if the build date on the drivers door well is in 05). Otd is not very descriptive as sales tax is 300- $2000 depending on State.

    Do check into the 07 Nissan Frontier (they sell for 3500-4000) off MSRP or the Tacoma. (5000-6000 off MSRP). The quality differential, power and features are too good to mess with colorado/canyon as GM really screwed the pooch with it.

    You are probably talking about 24-$27000 for a 07 crew Frontier or Tacoma with features of the SLT. The Honda Ridgeline may also be something you want to check out. (5000-6000 off MSRP)

    If you want to go GM the Silverado Full size is the way to go. If published turning circle is correct, a Chev Silverado is the same as the Canyon in a fullsize truck, and much higher quality and power. Last summer the Silverado sold for 9-10k off MSRP and will probably do the same this year putting you in the 22-24000 range for a 07 Silverado (with the new 100k warranty).

    Happy Hunting
    --jjf

    Does $24,000 with $26000 OTD sound like a good price on a left over 2006 Canyon SLT 4x4 with an MSRP of about $32,000?
  • bobadbobad Posts: 1,587
    The Colorado is the only midsize truck I can find with a powerful 4cyl, double cab, and automatic. Anyone recently get one in that trim, and what did you pay?

    Ford, Nissan, and Toyota don't seem to want business, so why is this forum so dead?
  • jfritschjfritsch Posts: 958
    See if you can work 10000 off msrp for a 07 Dodge Dakota 4x4 v6, (19000 range with lifetime powertrain warranty) or a nissan frontier 4x4 crew 21000-22000 range. A tacoma will cost you at least 23000-24000. The colorado interior an build quality are miserable and you should at least test drive the others to prove it. It would be less for a 2wd.

    The Colorado is the only midsize truck I can find with a powerful 4cyl, double cab, and automatic. Anyone recently get one in that trim, and what did you pay?

    Ford, Nissan, and Toyota don't seem to want business, so why is this forum so dead?
  • bobadbobad Posts: 1,587
    Thanks for the reply jfritsch.

    I want a double cab, strong 4cyl, automatic, and 2wd. I guess the Colorado is the only truck that can deliver all those requirements.

    I would take a V6 if the purchase price and gas mileage weren't more than an I4, but I guess that ain't happenin'.

    I know the Colorado's interior is no great shakes, but I'm not style conscious for work trucks. Are you saying the Colorado's mechanicals are poor? I thought the Vortec 2.9L and Hydramatic were considered rock solid. Am I hearing wrong?

    Thanks,,,
  • jfritschjfritsch Posts: 958
    If you look at the specs, you have an awful heavy truck paired with a 4 cyl. Even the I5 5 cyl colorado is criticized for being underpowered. The reason you can only find one option in a crew cab 4 cyl is that it isn't a good idea.

    If the real world hwy/city mpg of the others would be about 19mpg, I wouldn't trade a weak truck for 22 mpg. The mileage might not even pan out. Check out the new mileage specs for the 08s (which is supposed to be more "realistic") and see. Perhaps there is a real world mpg forum for the colorado like the other vehicles.

    I drove the colorado 4cyl in addition to the others and the body roll (with a 200 lb passenger), handling, build quality and power were miserable. No comparison to the quality of Chev's Big Silverado and other more mid size offerings. Plus with the others you can tow 6000+ pounds.

    Given the choices, I would not buy the 07 4 cyl crew colorado in a 4x4 unless well under 19-20k. A 2wd even less. This is if you have many GM points and need to use them.

    Good luck
    --jjf
  • bobadbobad Posts: 1,587
    Yea, I do have about $2K worth of GM points. :D

    Look, I have an old Toyota that is surprisingly heavy, and has a 105hp 4cyl. Now that truck has always been a dog, and I've lived with it happily for 14 years. I don't need to drive faster than 65mph, I don't need to tow, and I don't need a 0-60 time in under 10 seconds. So I figured the 185hp would be fine.

    I do get your drift about a 4cyl. If you are impatient or tow, a big 4cyl can be less fuel efficient than a small 6cyl. I am concerned with every MPG, considering that gas may be $8 a gallon in 5 years.

    While the power issue doesn't bother me, I am concerned with your comments about build quality. I thought the GM I4, Hydramatic, and driveline were reliable, but apparently you know something I don't. Do you care to elaborate?

    Thanks,,,
  • jfritschjfritsch Posts: 958
    In my drives I was noting the interior quality, body fit and finish, handling, comfort and power.

    As far as statistical quality for mechanics goes, Consumer reports yearly automotive survey at your library has the most comprehensive survey of reliability available.

    Good luck
    --jjf

    Yea, I do have about $2K worth of GM points.

    Look, I have an old Toyota that is surprisingly heavy, and has a 105hp 4cyl. Now that truck has always been a dog, and I've lived with it happily for 14 years. I don't need to drive faster than 65mph, I don't need to tow, and I don't need a 0-60 time in under 10 seconds. So I figured the 185hp would be fine.

    I do get your drift about a 4cyl. If you are impatient or tow, a big 4cyl can be less fuel efficient than a small 6cyl. I am concerned with every MPG, considering that gas may be $8 a gallon in 5 years.

    While the power issue doesn't bother me, I am concerned with your comments about build quality. I thought the GM I4, Hydramatic, and driveline were reliable, but apparently you know something I don't. Do you care to elaborate?

    Thanks,,,
  • poncho167poncho167 Posts: 1,178
    I don't consider CR to be a legitimate source for auto info. It's one scandle after another with CR outsourcing drivers seat tests and making a public announcement about the contractor who messed up the test giving 8-11 bad ratings incorrectly. CR bases its owner evaluations off of those who subscribe to the rag so who knows why some of their subscribers respond and why others don't.
  • A left over, never titled 2006 Chevrolet Colorado with a window sticker of $21,230.00 can be mine for $16,500.00 plus tax and title. Is this a fair price?
  • jfritschjfritsch Posts: 958
    Look up your vehicle used on kbb.om or edmunds .com since that is what your car is now for practical purposes. That may be a mediocre price on a new 07 much less an 06.

    Good luck
    --jjf

    A left over, never titled 2006 Chevrolet Colorado with a window sticker of $21,230.00 can be mine for $16,500.00 plus tax and title. Is this a fair price?
  • poncho167poncho167 Posts: 1,178
    I would try to get at least another $500 off.
  • I never throught I would buy a Colorado because the automotive press has always been so hard on them, but the deals over the past few weeks were too good to resist. Frankly, once I test drove one, it was clear the press had really exaggerated any drawbacks compared to the Tacoma. Also, after reading on the internet about Tacoma's un-resolved "engine surge" issues and the company's refusal to acknowledge them, I really soured on getting one of those. I had also considered Nissan's Frontier, but the company's reliability record has been generally no better (or worse) than Chevy's on JD Powers surveys the past few years, so I couldn't justify the higher price. Basically, the small-sized GM trucks started looking better and better, and the massive incenrtives finally enticed me. Anyhow, I digress. Here was my buying experience on Sunday, 21 September 2008.

    I did massive research on he internet, so I walked in knowing exactly what I wanted, and exactly what I was willing to pay. I found exactly what I was looking for and called the dealer up to make sure it was still in-stock - a 2008, Colorado Crew Cab, LT, 5 Cyl, RWD, in Dark Ruby pretty well "loaded" with:
    - Leather seats & Leather wrapped steering wheel
    - Power seats (both passenger & driver)
    - Heated seats
    - Side air bags
    - Power windows, locks and mirrors
    - Sunroof/moonroof
    - 6-disc,CD changer w/ XM & MP3
    - Sliding rear window
    - Chrome wheels (basically extra-shiney "alloy" wheels)
    - Onstar
    - Bedliner
    - probably a couple of things I'm forgetting

    MSRP was 27,5XX, GM Employee price was 24,7XX, minus $1,500 "cash back" it came to $23,265, and after subtracting an additional $1,500 in GM credit-card discounts, it came to $21,765. Unfortunately sales tax was $1,800, which pretty much wiped out my GM-card benefits - Maryland sucks for sales tax.

    The dealer's finance guy got us 4.9% interest over 60 months thru BoA (which beat my bank's pre-approved 5.44%).

    I'd newer used this dealer before (Ourisman Rockmont, in Rockville MD), but they were fine, and very efficient. The entire process from walking in, to driving home took about 1hr 20 minutes.

    So far, so good. I'm happy with my purchase. We'll see how it holds up over time; maybe I'll post a follow up in a few months.

    Regards,

    Mike R.
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