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My question is: how long do I have to leave my car financed with GMAC? If their rates are too high, can I refinance through my credit union, and how soon?
There is no minimum time limit.
Equipped with:
LS Decor, Light Duty Power Pack, Plow Prep Package, 245/75R16 ALS WOL Tires, HD Suspension, 6-Way Power Driver's Seat, OSRV Mirror w/Driver Side Auto Dimming, Pwr Fold, Adj, Heat, Turn Signal, Deep Tinted Glass
MSRP: $30,308
Paid: $16,600 (45% off MSRP After Rebates (3500 + 1500 GMAC + 994 GM Card)
Trade Difference = $3,500 + 03 GMC Sierra W/T w/18K miles, KBB trade value 13,100
(Bought the 03 Sierra new in 8/03 for $15,132, 35% off $23,265 MSRP after rebate, Olds loyalty & GM card earnings)
It has LS Package with single disc and BOSE and bucket seats. Lt duty package and a few other odds and ends.
Sticker is 35,050. They are discounting it to 30,600. Then 5000 in rebates and its 25,600.
I am upside down in my trade. Its a 2002 2WD silvarado LS Ext cab with 49000 miles. I owe 20,200 on it and they are offering 13000. So add that back in and we are at 32,800. Still under MSRP.
Any ideas on getting them lower on new truck or getting more out of the trade?
The dealership still has 22, 2004 4x4s ext cabs on the lot!!! All simular in price and packages.
Any help?
Don't do it. Of course, I'm no financial advisor.
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
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
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
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!!!
What's going on here? That's less than I paid for my 97 extended cab.
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
Frustrated in Tucson
to subtract REBATES .
Also subtract dealer prep (advertising, etc)
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
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
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Has Chevy always costs more than Fords?
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?
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
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
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.
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
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)
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).
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
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
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
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
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.
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.
The electric fans are supposed to allow for slightly better fuel efficiency among other things. It's an upgrade some owners of earlier models are doing to their own vehicles. (there are companies that offer aftermarket electric fan kits for our trucks)
Not only is the 3.73 no longer standard on the 2005's, it isn't even available on them any more. I was shocked that the '05's couldn't be bought with that rear end any longer. Another attempt to push the mileage higher I think.
Too bad about the non-availability of the 3.73 gears. Now it really makes sense to spring for the 4.10 gears (they're still available).
I have the 17's on my '04 and it rides pretty good, but I know from experience with the '03 Trailblazer I had before that the 16's actually rode better, at least on that vehicle. The larger wheels look better to me though.
Thank you in advance for your input.
Go Rams!
I live in central NY
kirstie_h
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