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Chevrolet Equinox Prices Paid and Buying Experience

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  • According to GM, the Conquest incentive, and 60 day guarantee are expiring today.

    Have any of you heard if either of these incentives will be extended beyond January 4th, or if they'll be replaced by anything else?

    (As luck would have it, the Equinox that we've had on order since the first week of October has a January 11th build date.)
  • Hi kirkkempen. I ordered my Equinox on October 27. It had a build date of the week of December 21. I went to the dealer on Friday because they called and told me they have a VIN so I could complete my paperwork. I looked at what they had and noticed that my vehicle was shipped on December 22 and has an expected date of arrival of January 8. Seems odd that you ordered early in the month and your build date is January 11.
  • colt_herocolt_hero Posts: 104
    I'm in the market for a small SUV - possibly the 2010 Equinox. Reviews seem good, people here seem to like them, however, neither GM nor the dealers are offering any real money to help buy these things. Just out of bankruptcy and GM thinks they can sell cars like Honda and Toyota with little or no rebates and dealer incentives. For an Equinox, it looks like I'd be interested in at least an LT1 unit, but with only a meager $1500 off sticker right now, that would only amount to a 6% discount off MSRP (a terrible deal by my standards)! And obviously if I start adding extras onto an LT1 or jump to a "stripped" LT2, the percentage drops even more!

    What happens if 50,000 miles down the road the intake gaskets start leaking (like they did on my '02 Impala)? Is GM going to fix this for free, or am I going to get stuck with the bill (again)?

    I don't think GM can be trusted just yet. These "new" vehicles certainly LOOK better, and the reviews are favorable, but we won't know if they actually ARE better for 3-5 years! Let's see some better rebates and dealer discounts for the brave souls that are taking a chance with the "new" GM. Reward us for putting faith in you in the absence of any kind of real long-term test data to justify it...
  • ems1ems1 Posts: 48
    I just bought a 2010 LT1 Equinox and am not at all concerned with the long term reliability. I traded a 2006 Saturn Vue for the Equinox. The Equinox is based on the Vue platform that was introduced in 2002 and has had the "bugs" worked out for a few years now. The same can be said for the engine.

    This is amusing, I bought the Vue because it had a Honda drivetrain that I thought would be bullet proof. Guess what prompted me to trade the Vue? It was the Honda transmission that turned out to be trouble prone!

    I test drove nearly all the competition and the Equinox had the best combination of room, performance & price; in my opinion. The dealer was very competitive in price, offering an overallowance for my trade and discount off the MSRP.
  • colt_herocolt_hero Posts: 104
    Forget the trade-in, what discounts did you get off the MSRP?
  • I am thinking of ordering the LTZ 4cyl in black granite with the nav/dvd system msrp 32,405. would like feed back as to what other have been paying lately whether off lot or ordering. dealer quoted $31,015 before the $500 rebate. thanks
  • colt_herocolt_hero Posts: 104
    Whoa! That's a LOT of money for that class of vehicle - and that's with a V6, so there goes the gas mileage. I'd be looking at the next class of vehicle up (eg: Traverse) and comparing the deals at those kind of numbers.

    Let's face it - the Equinox is little more than an Impala with a roof rack (and AT LEAST a $5,000 mark-up)...
  • "Let's face it - the Equinox is little more than an Impala with a roof rack (and AT LEAST a $5,000 mark-up)... "
    Uh....... No it's not. I've got my LT 2 with V6. Currently 3500 miles on it and I get 28 hwy at 75. I ALSO own a 2009 Traverse LTZ. The Equinox is my work vehicle and the traverse is my family vehicle. Ride is similar to better with the Equinox. Off the line, the Nox takes off much better. Pioneer system WAY BETTER than Bose and MPG is better on the Nox.
    Do you even have an Equinox or did you just test drive one to make this decision?
  • You are getting a good price. I retired as a Sales manager for a GM dealership 3 years ago. I ordered a 2010 LTZ Equinox from my good friend who is a sales manager at a Chevy dealer. I went on the dealer computer with him to order my car and I got the car for invoice. You have to understand the dealer pays $611 in advertising on that car and that is added to the price of the car. You are paying about $200 over dealer invoice. The dealer makes his money on the holdback which is about $1000. You will NOT get a better deal than what you got. And believe me, the Equinox is not an Impala with roof racks. I priced many similiar SUVs and they were extremely close in price. Just look at the reviews on the Equinox. I have driven many cars in my life. This Equinox is giving Chevy the boost it needs for a big comeback. Make no mistake-you will love that vehicle.
  • Just saw a news story about the auto industry and compared to December '08, the Equinox sales have increased 121% in Dec. '09. Not that the old Nox was that great of a seller, but come on, 121% - that's huge. Of course that's probably including blown out '09's along with the '10's, but still.... :)
  • I'm looking for some help on what kind of total discount people are actually getting. This is my first new car purchase and I haven't owned a car in 10 years.

    I have money to put down which can go anywhere from 4-10k and I'm not trading anything in. I'm trying to figure out what I can realistically expect the dealer to negotiate down to on the MSRP. As much as I'd love the options of a sun roof and heated seats they're not deal breakers for me so lets assume I'm talking base model.

    I've been told by other folks anywhere from 1500-4500k off isn't unreasonable. I'm also wondering what they're usually willing to add at no cost options wise as well as are there any "extra" fees they're willing to knock off.

    Also do people think they'll offer any of the standard incentives like 0%, 1.9% or 2.9% over Presidents Day in Feb?

    Appreciate the help!
  • The average difference between MSRP and dealer cost on the Equinox is $1300-$1500, not upwards of $4500. Go to the following website:msn.com. Click on the word autos.When the new screen comes up on the left is a column stateing new cars. Put in the make and model and click on go.The next screen shows a picture of the car you picked. Just to the right of the picture click on price it with options. On the next screen pick the trim of car you want. E.G. 2lt FWD or LTZ AWD. You can then build the car you want and you will get the MSRP including destination and also the dealer cost. Be aware that the Equinox just went up $200 so add $200 to the price on the website. Also-very important-on the final base invoice price add the $200 increase plus dealer advertising which is $400-$600 depending on the price of the car. So if the base invoice price on the car you build is $29,000 add $200 plus another 400-600 for advertising. Dealers are not willing to go much under MSRP on these cars because thet can't get them. But they will negotiate if you order one from the factory. Also you would be entitled to any rebates or incentives at time of delivery, not when you order the car. Good Luck.
  • the MSRP on the one I built on the website (2LT w/sunroof, power liftgate, leather seats) was $30,540 and invoiced at $28869. I got 1156 off for credit union pricing, 1000 conquest cash and 500 instead of the 60 day guarantee for a net price of $27,884. I went to the dealer with my paper in hand and said this is what I want exactly as I built it. My final price is 27,884 plus sales tax.
  • Without the 1000 conquest and 500 for 60 day you paid $29400. When adding in the advertising you got a very good deal. However if you are waiting for the ca and it hasn't been delivered yet there is no $500 any more and the conquest is down to $500.
  • Yep, I know. I ordered the car on 10/27/09. The dealer received the VIN number on 12/28. I went to the dealership that day and the finance manager reported the vehicle as sold. Though it won't be here until Wednesday or Thursday, my incentives were locked in on 12/28. I asked for copies of the paperwork, so I have it all in writing. I had a feeling my car wouldn't be here before Jan 4 and I wanted those incentives. I asked how I can get them and was told once they get the VIN they can report the car as sold and lock in the 1000 and 500. I also got a 2.94% interest rate!
  • fshifshi Posts: 57
    too bad, rebates all gone, and according to lutz, equinox has a very tight supply of 13 days inventory, and Terrain has 18 days. and invoice of equinox just went up $200.
  • I realize this is all speculation and they seem to keep upcoming deals under lock and key but do people think that we'll see some more 0, 1.9, 2.9 % financing for Presidents Day? That usually seems to be a big incentive weekend and I for one am hoping that GMC and Chevy offer at the very least low financing.
  • Hi kirkkempen. In January, General Motors is providing $1,000 loyalty cash or $500 conquest cash on the 2010 Equinox. It also has a special lease program on this model.

    Unfortunately, the $500 cash incentive that was available in lieu of the 60-Day Guarantee is no longer available.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • fshifshi Posts: 57
    If you read the fine print, 1000 loyalty case does not apply to 2010 equinox.
  • boomxrboomxr Posts: 4
    We ordered the 2010 Equinox 4cyl AWD 1LT with Sunroof in mocha at the end of October 2009, and took delivery on the 11th of January. As we were able to get the VIN before the 4th, we were lucky to take advantage of the 1500 in rebates. The total net we paid was 26,200 - 1,500 in rebates got us to 24,700 before our trade and taxes. The dealer was pleasant to deal with, and we were prepared to wait on production of the vehicle. The wifey loves it. Thanks to the forum for having a place to chill while we waited. :)
  • After many weeks of working through many dealers in the Chicago area, I was finally able to purchase my 2010 Equinox. I purchased a 2010 LTZ model (Cardinal Red with Black leather, V6, AWD, trailering equipment, 18" machined AL wheels, and Sunroof) from a dealership North of Chicago who had this model in stock. The MSRP was $33,435 with the purchase price of $32,351 (before rebates and Tax/Title/License). I also qualified for the $750 USAA rebate but this was not compatible with the $500 conquest rebate. USAA has an excellent car buying service program where they pre-negotiate pricing on vehicles which is guaranteed with certified dealers. On the Chevy Equinox, they have a certified dealer in the Chicago area which would sell the Equinox for $500 below invoice (plus you would also qualify for the $750 rebate for a total of $1250). However, this dealer had no vehicles in stock. The dealership I worked with had the LTZ in stock but would not sell it for the USAA pricing. However, they did give me more for my trade-in to make up for it. In addition, I had $3000 of GM points from their GM Card earnings top off program ( which expire Feb 1) which I was able to use as well. GM's incentive programs can be complicated and change frequently - different dealers would give me different answers on which rebates were applicable - be sure to do your homework.
  • Please review this and let me know if i am missing something bc i think i did pretty well today, this was my first time negotiating with car dealers... they were successful bc i drove the car home but i think i got a good deal, any feedback would be great.

    Thanks to all the info here on the forum and on Edmunds, I was able to go into a dealership today and pluck an Equinox right off the lot in Northern New Jersey. It came with just about everything I wanted, excluding the GPS interface... but no biggie, i have a moto droid so i can always use the google maps...

    Anyway, I went with the Silver Ice Metallic, Jet Black Light Titanium, Premium Cloth, 1LT (AWD) 4 cylinder
    Options included: 8 way power seat adjuster, rearview camera system, pioneer 8 speaker system, cargo management package, vehicle interface package (leather wrapped wheel, remote starter, usb port, audio controls, etc), XM, onstar, etc.

    When I plug all of this on edmunds, the results were....
    MSRP - $27,950
    Invoice - $26,457
    True Market - $27,428

    I talked the dealer down to $25,000, traded in my 2007, Mazda-3 for $8,300, (researched what I should have expected to get with my mileage and $8300 was competitive) I owed $9,775 so I ate the $1475 and rolled that into my new finance agreement so even adding that amount in, the end result was...

    $26,475 at 6.9% (I dont have the best of credit) but considering I was at 12.5% when I originally bought my Mazda three years ago will tell you that I was okay with 6.9% (Obviously my credit improved since than but still not great by any means)

    So, I just want to make sure I am correct with all of this but it appears that I made out okay, right? I would have definately liked a lower interest rate but what could i have done? I dont belong to credit union or anything... but in the end, $26,475 and invoice was $26,457...

    Sorry for the novel, wanted to put as much info as possible...

    Thanks to all!
  • bilbo6bilbo6 Posts: 1
    What dealer in northern NJ were you able to get a price of $25,000 on a car with list of $27,950.
  • Ordered my 2010 LT2 Nox 4cyl FWD on 10/22/09. It arrived 1/25/10. Mocha with black/ brownstone leather, chrome package and 18" wheels. MSRP was $28,360
    and invoice was $26,840. I paid $27,272 minus $500 conquest. Final coast was
    $26,772. Dealership also allowed top blue book price for trade in. Except for the three months wait it was a hassle free experience.
  • What's the big deal here? After the smoke cleared, he only got $1500 of MSRP - and he had to trade in his 2007 Mazda to get it! He could've gotten most (maybe all) of that just by joining a Credit Union prior to purchasing ($1200-$1500). And had he purchased a month or so ago, he could've gotten an additional $500 off MSRP just by refusing the 60-day return policy!

    Then he could've sold his Mazda privately and picked up another $500-$800.

    I'm not saying he made a bad deal - selling the car privately (especially when you're paying a loan on it and with such a thin margin) could be dicey, but don't get hung up on the "I talked the dealer down to $25000" because he really didn't (and neither will you - without some kind of serious collateral).

    Personally, I refuse to buy a 2010 Equinox at only $1000 to $1500 off sticker. That's why I just passed on the $1000 "Loyalty" rebate offer. Just not enough incentive. And it shouldn't be enough for anyone else either. That's Japanese pricing - and GM is simply not in that class right now...
  • As a point of information, there is only about a $1500 difference between sticker and invoice with GM pricing and I know because I recently retired as a GM dealer sales manager. And Chevy is in the driver's seat on the Equinox. It is one of the hottest selling cars in America. Dealers only have a 12 day supply of them when normally they carry 60 day supplies. The factory in Canada is working 24 hours a day to compete with the backlog of orders and GM is planning on opening the Spring Hill, Tenn. plant (old Saturn plant) in a couple of months to produce the Equinox there also.That is why they don't have to be so generous with rebates. They know they have a winner-FINALLY!
  • Let's HOPE they have a winner. There's something called "Long-Term Testing" that will prove whether or not GM is building better cars this time around. Remember - we've been through this kind of thing already once before with Saturn.

    New company ... better cars ... attention to detail .. blah, blah, blah. We all know where that ended up.

    I'd say right now all we can say about GM is that their cars LOOK better. Whether they actually ARE any better (quality-wise) remains to be seen (3-4 years from now).
  • fushigifushigi Posts: 1,235
    Well, colt, they are selling better. Look back at this thread and you'll see lots of posts from people who had to order & wait for their 'nox. And if the prior poster is to be believed, which we've no reason not to, there's only a 12 day supply which is very low especially given the current market.

    The Equinox is definitely a sales winner.

    I agree, though, that long term reliability is less obvious. For GM's sake I hope they turn out to be great vehicles that satisfy their owners enough that they buy more GM products.

    I'd like GM to succeed and gave the 'nox consideration when I was shopping but I wound up buying a competing CUV.
  • I have a 1998 Honda CR-V real time, and I am thinking about buying a 2010 Equinox. Do you think I would miss the AWD if I got the FWD? I live in Michigan so I do have to deal with the winter elements. What's the difference in gas mileage?
    Thanks,
    Realtor4
  • Hi...

    I am looking into buying a 2010 Equinox All-Wheel Drive LT w/2LT in the New York/New Jersey area and I priced it on the Chevy website and came up with a Net Price of $28,115.

    I would like to know what I could expect to pay in the dealership. I would like to go in with as much information as possible so I can get the best deal.

    Also, does anyone know what type of finance rates they are offering. I have excellent credit, close to 800.

    Thanks
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