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Chevrolet Silverado Prices Paid and Buying Experience

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Comments

  • 2doorpost2doorpost Posts: 74
    Rebate is 1500 on this truck. I am going down there on Monday morning to see if this is for real.
  • Well I got exactly what I was looking for and at a very fair price I think
    2008 Ext Silverado
    Dark Metallic Blue
    Texas Edition-5.3lt V8 20" aluminum wheels, trailering package, power fold mirrors. cargo management system)
    LT1 Equipment group
    LT1 convenience package(fog lights, steering wheel controls etc.)
    MSRP 29950
    $26100 plus TTL
    I got 0% financing plus I knocked a good deal off with my GM card.
    I have to say I'm impressed with the new Silverado's. Compared to my 05 F150 which I traded in, it rides much smoother and the interior build quality is much nicer.

    Thanks for your help!
  • 2doorpost2doorpost Posts: 74
    Went down there - They still had a lot of trucks- So I felt there was no hurry.

    Waited for April 1st- And the Owner Loyalty Rebate Arrived- 2000.00

    In addtion to the 1500.00 that was out there.

    The dealer that I went to raised the price on their trucks 2000.00. Nice.

    I found my ideal truck in the right color at another dealer-One that I've bought from before. Thats where I'm heading next.
  • asylum575asylum575 Posts: 72
    Did you as the dealer what was the unexpected cost of having the truck on his lot, that sparked the $2000 price increase. Go back to the dealer on a day the salesman isn't around and don't mention or show up with your trade. Negotiate the price without the trade, see if you can get the old price. Then, hit them with the trade and the fact you want the $2000 loyalty rebate. This is the kind of stunt that gives dealerships bad names.
  • darkbludarkblu Posts: 5
    Anyone know if the loyalty rebate is combined with the regular rebate? For instance if I want a Silverado Crew cab and am eligible for Loyalty, it should be the $2000 plus $2000 correct? Anyone have a confirmed sale getting both yet?
  • asylum575asylum575 Posts: 72
    That is correct. I also had a dealer say it was good on leftover 07s for $3000+$2000=$5000 rebate. Gm card redemptions have not gone up yet. Maybe for May
  • 2doorpost2doorpost Posts: 74
    I got a confirm from another dealer that the loyalty rebate and the other rebate are separate. IN print. From GM.

    By the way- I did go down to the first Dealer today- What a treat. I took a printout of their internet Ad (dated today) with the original cheap price.
    While I was there- the saleperson asked another if the original discount still applied- and they said NO.
    I knew right there-
    1)- They were full of crap.
    2)- I wouldn't spend my hard earned money there even if I convinced to
    give me the deal. They weren't worth it.

    So I let them spin their wheels for a little bit- let them do a computer search for color- where I saw the real inventory and locations of the vehicles I wanted (complete with number of days in stock) - let them do a ridiculous "first pencil" and basically told them I was going home. Done.

    This little effort taught me-
    Who has the exact truck I want (x4) color and all.
    The rebate setup- (1500 plus the loyalty 2000)
    Dealer mark up approx( 2000 )
    Holdback (560)
    Factory to dealer money(400)

    I might not be able to grab the last two- but I do know that I won't get cheated out of either rebate.
  • asylum575asylum575 Posts: 72
    Sorry you had a bad experience. Been there, I know what that feels like. At the end of the day, make sure you get the deal you want with the truck you want in the color you want. Where you buy really shouldn't make a difference. I know the first dealer tried to pull a fast one, that's why I recommended going back and trying for the deal. Remember , the best revenge is living well. Get what YOU want.
  • 2doorpost2doorpost Posts: 74
    I had an old timer (salesman) tell me one time "How much is your time worth?" (when it comes to grinding out a deal)

    The internet and support by this site makes it that much simpler and quicker.

    Thanks for your help.
  • darkbludarkblu Posts: 5
    Well, did it all in one jump. I guess I've made a couple of posts here in the last month or so and I finally got the truck I've been wanting since high school. Took only 10+ years, but hey, it's good to say you're earning your wheels now.

    Things got really jumbled up during the whole deal, moreso than the last deal we made with another dealership at least from what I can remember. It's hard to say exactly what I got off the truck because of trade in, taxes and how complicated the write-up looked, but I figure I got between $7000 and $7500 off MSRP. Not quite $1000 below invoice, but maybe $200 below or so.

    Not the absolute best deal, but a pretty good one I believe. This is an 08 LT1 Z71 4x4 Crew with $2400 in options. Went the $2000+$2000 rebate route and got them to compete for financing.
  • jwill340jwill340 Posts: 3
    I have been shopping for a new Silverado for awhile now. I think that I may have the deal that I want and would appreciate any input. The truck is an extended cab 4x4 Z71 with LT1 and Power Plus package. The MSRP is $31,800 and with the $2000 + $2000 loyalty rebates my price is $25,000. Does this sound like a good deal? Thanks for any input!
  • Currently driving a 2003 Ram 1500 with towing option and towing the max at 8500 pounds. With 100k miles and moving to a slightly larger towing load, I just started looking.

    Today at a Dodge/Chevy (small southern town) I came across this:

    2007 (new) Silverado 2500HD 2WD (that's all I need since I am 100% highway) LWB with:
    -5 year/100k Drive Train warranty
    -2LT and Power Option package
    -4 door Crew Cab
    -OSRV Mirrows
    -6 speed Allison Automatic
    4.10 Rear end
    -8,1L V8 Vortec engine

    and a few other minor options.

    All this for just under 24,000 + TTL

    Now this seems like an excellent price to me, but not knowing the Silverado, thought I ask you kind folks opinion.

    Knowing there are many factors in calculating gas mileage, I am also wonder about the MPG for this engine/Transmission combo for Freeway (400-500 mile trips) without a towed vehicle.

    Any feed back would be GREATLY appreciated, Thanks
  • jfritschjfritsch Posts: 958
    The vehicle sounds like its msrp would be around 34000. Since an 07 used probably wholesales for about 13000+ less, (check on kbb.com,nada.com) 10000 off a new one would be around what you want off. (and a good deal)

    The dodge ram 1500 msrp 38000 regularly sells for 12000+ off. (a mediocre deal considering its hi msrp and 07 used wholesale ) and can be had for more off. It has a lifetime powertrain warranty. Some think the chevy's styling is better though.

    --jjf

    Currently driving a 2003 Ram 1500 with towing option and towing the max at 8500 pounds. With 100k miles and moving to a slightly larger towing load, I just started looking.

    Today at a Dodge/Chevy (small southern town) I came across this:

    2007 (new) Silverado 2500HD 2WD (that's all I need since I am 100% highway) LWB with:
    -5 year/100k Drive Train warranty
    -2LT and Power Option package
    -4 door Crew Cab
    -OSRV Mirrows
    -6 speed Allison Automatic
    4.10 Rear end
    -8,1L V8 Vortec engine

    and a few other minor options.

    All this for just under 24,000 + TTL

    Now this seems like an excellent price to me, but not knowing the Silverado, thought I ask you kind folks opinion.

    Knowing there are many factors in calculating gas mileage, I am also wonder about the MPG for this engine/Transmission combo for Freeway (400-500 mile trips) without a towed vehicle.

    Any feed back would be GREATLY appreciated, Thanks
  • asylum575asylum575 Posts: 72
    I didn't think the 8.1/4.10 combo was offered in the new style silverado/sierra. It could be an 07 Silverado Classic. That being said , it's a towing beast. probably will get no better than 13-15 with conservative highway travel. But nowadays with diesel so expensive, it's a good gas alternative to pull some weight around.
  • It is an 07, but still new, a leftover on a local dealers lot. I wasn't sure about the capabilities of the 4.10, but suspected that with the 8.1 and Allison 6 speed, it should be very good for towing.

    With the additional cost of the diesel engine and fuel, I just can't justify a diesel and thought this sounded good for towing.

    13-15 conservative highway sounds GREAT. My 5.9L Dodge Ram gets only 15-16 with passengers only highway. When I stick the trailer behind it, I get 8.2 - 9.6 mpg. Actually I just jumped to 9.6 mpg after having the truck and trailer tires purged and Nitrogen filled. Before that the best I ever got Freeway towing was 8.6.

    Thanks to you both for the feedback
  • asylum575asylum575 Posts: 72
    The 13-15 MPG is just a guess. And that's empty. Pulling a load you're probably looking at 10mpg with a light foot.
  • 7gentex7gentex Posts: 2
    2008 Silverado 1500 2WD Ext. cab SWB
    LT2 - includes 5.3 V8 LY5, A95 with AG1 and AG2 - cloth, etc.
    PDA - Texas Edition - includes P58 20" rims, QSS, RAE cargo system, etc
    PDD, PCW - includes ASF airbags and JF4, UD7
    PCY, K47, KNP, G80, GU6, Z60, Z82, PDF, PPA

    MSRP - $33,895
    Paid - $26,947 = TT&L

    Internet quote approach
  • 7gentex7gentex Posts: 2
    Missed the edit window........

    the above should be

    MSRP - $33,895
    Paid - $26,947 + TT&L
  • wahoojblwahoojbl Posts: 1
    What rebates are included in that price? Sounds like a pretty good deal.
  • branhapbranhap Posts: 10
    Purchased my Extended Cab 4wd LT2, LT2 Convenience, Towing, Z71, safety package, standard bed this past weekend. 5.3L; 3.73 axle ratio

    MSRP - $36,700
    After Rebates- $29,599.

    Ended up driving 6 hours, local dealer wanted $32+ for the same truck.

    Paul
  • asylum575asylum575 Posts: 72
    Branhap,
    Does your deal include the $2000 rebate + the $2000 loyalty rebate.
    I hate all these rebates, It's hard to see if you got a good deal. I guess that's the point. I operate under the rule that the vehicle should discount 10% off sticker then deduct rebates.
  • branhapbranhap Posts: 10
    Yes.

    $2,000 for rebate, plus $2,000 for loyalty rebate. Although Loyalty rebate doesn't really matter as Sunday Chevy added a Conquest Rebate to the Silverado even. *shrug*

    With regard to discount, most of the dealers I got quotes from were in the 7 to 8% range off MSRP before rebates, with one dealership at 9.6% (but didn't like that truck as much.) For the most part. Local dealership wanted only 5% off MSRP.

    My main goal is to get the truck for close to invoice, then take off the rebate.

    For the most part, I did not find Edmunds TMV or the cars.com smart price to be very accurate. Just better to go in and ask for invoice price, and go from there!

    Paul
  • 44blues44blues Posts: 1
    Yesterday I purchased a 2008 Silverado 1500 4wd ext cab work truck with full towing package (rear locker etc) and bedliner/rack mounting system. Sticker was $28,810
    minus 2k standard rebate, minus 2k conquest rebate and $1875 off from dealer ...sales price is $22,994 plus 95 title/doc prep.
  • spahutspahut Posts: 6
    I got my 2008 LTZ 4WD crew cab. Had engine block heater, skid plates, 6 CD, sunroof, EZ Lift, and safety package.
    MSRP - $42,204
    My Price - $ 39,077 b4 rebates
    cust $ - $ 2,000
    loyalty - $ 2,000
    -------------
    $ 35,077 before trade and money down

    Input would be appreciated.
  • jfritschjfritsch Posts: 958
    A 42000 Ltz will probably wholesale used for about $26000 in 12 months. (Look up an 07 on kbb or nada.com). If thats the case, eating 9000 or more (depending on how you did on your trade.) to drive a chev pickup for the 1st 12 months wouldn't appeal to me. 7000 or 8000 off msrp for a truck that depreciates $16000 from msrp 1st year (like most of the 42k'ers) isn't exactly giving it away.

    --jjf
  • spahutspahut Posts: 6
    Yea, after the trade price of $5500 that gave me $29,500 before putting any money down so it was about $13k off the msrp. If I read you correctly should I have gotten the price down to about $36k before rebates and trade to be in the ballpark? If so how do you get a dealer to come down when they still consider the truck "new"?
  • jfritschjfritsch Posts: 958
    Read my message 4681 in the Hyundai Sonata forum for useful info on how to buy a car. Yes I would have wanted a minimum of 10k off the msrp.

    Of course the truck is new. An 08 dodge ram 1500 msrp $41000 may be new. An used 07 like it 13 months or so old according to kbb.com or nada.com will barely trade in for $20000. (its msrp is even more unrealistic than most trucks). Even 12000 off msrp is financially yuckky. This will be more yuckky if gas is $4.00 and above in the future.

    If you got about kbb value for your trade you didn't leave much more money on the table. If the dealer in question happens to have a gold mine due to his location or otherwise, he may be able to work 7000 off deals on 42000 LTz's frequently (frequently enough to work them). You may have been able to work a better deal (walking out and leaving your # helps) but if his business is great, you could beat you head against the wall for hours and get an additional free oil change and a chevy hat.

    But not all the dealers, competitive bids (via email phone or fax) is the way to go.

    Good luck
    --jjf
  • spahutspahut Posts: 6
    I guess my comment about the truck being new was the comment the dealer made. I went in trying to get them to come down about 10% off MSRP and that would be close to invoice and then take rebates, trades from there. Looking to come down $10k from MSRP was something I had not heard nor would I have thought you could get a dealer to come down that much.
  • jfritschjfritsch Posts: 958
    Its much better to get many dealers to bid end of month for your business. That way you separate the wheat from the chaff and get the few who need to make a sale. The bids may go down (over telephone or email) as the 30th or 31st ticks nearer.

    You really can't have an auction (for your business) with only one bidder. Its like one hand clapping. For price targets a fairly good rule of thumb is to take the kbb or nada wholesale of the vehicle you are looking at used (12-14 months old) with average miles and add about 20% for the target on a new one. One should shoot for as close to that as possible.

    --jjf
  • fueledupfueledup Posts: 64
    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. If a dealership needs to move a vehicle it's more than willing to make that move on the first,thirty-first or any day in between. To say to target a price at 20% above the kbb wholesale of a 12-14 month old value is just stupid. What matters is having the actual knowledge of the dealers cost of whatever vehicle your interested in purchasing. Using your theory a dealership is willing to lose apprx. 5,000.00 on every vehicle it sells. Yes depreciation sucks but thats a fact of life. Knowledge is king. If there's trunk money , holdback ,dealer adv., rebates ,etc. If its a cold car you can get all that. If not your somewhere in between. And thats when you turn the table and waste there time invested so they dont want to lose your business.
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