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I may buy a truck. I may not. That's up to me, not some salesman. Unfortunately for GM and the dealers, I don’t have too, and I’ve done my homework. There are other trucks to be had on the market.
More importantly, I’m not going to fork over $20k+ just because someone tells me it’s a good deal. If that’s your case, I’ll sell you some ocean front property in Kansas for a “good deal”.
Its the dealer that dips into his numbers more
to move an earlier build that gets my business. That- and usually I buy a base non-a/c truck(You know, the ones nobody buys from those screamer ads in the paper)
I got mine.
Good luck
--jjf
I agree. The out the door price has not changed in months. It's another sales gimmick. Whenever GM comes out with employee pricing or cash back, they subtract that number off of your trade in. Out the door price is the bottom line. To GM's benefit, many people are not savy enough to figure that out. Then we wonder why were in a mortgage crisis! Smart buyers do their homework and can recognize the sales gimmick.
The price any given dealer pays GM for it's product is fixed throughout a given period. It's the rebates, bonus cash, dealer cash etc. that "sweeten" the deals. The bottom line is that the vehicles on the lot have already been paid for by the dealer (well, actually it's on loan through the captive bank, in this case, GMAC). The juice will start tickin' usually between 60-90 days depending on loan structure and terms specified. It's like any other loan, the bank wants it's money back!
Simple economics tells you that... sell enough vehicles for less than what you've paid, you're gonna' go out of business. Car dealers are closing down in record numbers. The Ford, Dodge and GMC dealers right down the street from my home all closed down within 6 months of each other - yeah, they were obviusly making a killing!
It just irks me when I hear people say that "employee pricing" is a gimmick. It's an incentive, so how is that a gimmick? Is a $5000 rebate a gimmick? No way! The emp pricing actually helps the dealer because the holdback money is what GM is subsidizing. Now, as opposed to a few months ago, you don't really need to haggle since GM is essentially "dipping" into the dealer's holdback "for you" and giving you that money. But, 3 months ago, dealers were dipping into their own operating accounts without help from the factory.
Don't get me wrong, I'm a big proponent of getting a great deal, but when you've worked in the business and you know how things work, you understand when someone is being reasonable and when someone has absolutely no clue.
As a dealer, I'm not gonna' make any money on the sale of my new inventory... why? Because we live in the free information age and an educated buyer knows what I paid. A savvy buyer probably has his own financing, so I lose there. A trade-in (if desirable) and aftermarket (finance products) are my only profit sources left. Sure, I'd love to sell you a vehicle for cheap, but it has to make sense. Even in rough times, unless GM keeps incenting me, my cost on any given vehicle is fixed.
The number of "roll-over" customers is dwindling because even a soccer mom will jump on edmunds nowadays to get pricing information.
Last thing... yes, there are some really scummy dealers - no doubt about it. However, if you act professional and courteous, you may just find that it will be reciprocated. If you walk into a delaership and act like an 'a-hole know-it-all' trying to prove something, I guarantee you're gonna' close the gap on your options. If you p*ss off enough dealers, pretty soon they'll blackball you and then you'll have no options left. You can be friendly,yet firm and still drive a hard bargain.
Sorry for the rant guys (and girls), just trying to educate some of you since making a purchase should be fun and exciting, rather than having stories about what a moron dealer A was, or how stupid dealer B is, yada yada yada...
The information you need to find holdback (for every manufacturer) is listed right here on Edmunds, as are rebates, bonus cash, lease and finance specials, and even marketing support monies.
Good luck in your searches! Be sure and post the details.
Here is a list of all of the Chevy Silverado discussions. Just click on the link, and pick the discussion that is most on-topic for your question.
Post your questions there, and wait for others to join in!
regards,
kyfdx
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I wanted a 5.3L but this is a great deal, I just dont want to have any problems with the motor being to small for the truck. I dont tow much so I dont think i will have a problem.
Thanks for any input.
With talks of a government bail out there’s little incentive to move inventory, so every little bit helps.
65 more payments and that baby's ALL MINE !!!!!!
Their first offer came back at 10k off the MSRP and 4k for my trade in. I told them I was fine with the 10k off, but wanted 5k for trade in. Also, they had some $390 fee in the price, which was a service charge. The saleslady attempted to explain what it was for but it didn't make sense. I told her I wanted that waived in addition to adding the additional 1k to trade in price. She took it to the manager who said she would work with me but couldn't give me another 1k on trade in. Since it was our first place to shop, we left. I should also note that I was buying a "crimson" truck, which is really metalic purple in the sunlight, and that 3 of the 5 2008's on the lot were this color. Also, the mgr claimed the GM rebate was ending that day (10/31). It looks like it ends on 11/3 so I have a few more days to decide.
Here are my questions...
1) Do you think their initial offer was pretty good and worth taking if they would knock a few hundred more off?
2) Any idea what the GM incentives will be on '08's come 11/4?
3) Is that $650 protectant charge BS or do all dealerships have that?
4) Is that $390 service charge BS?
Any help anyone could offer would be greatly appreciated!
Thanks, Donnie
Yes the 350 (usually called a doc fee) is bs.
Email 20-30 dealers within 200 miles of your locale (chevy website) for a truck of your specs. (about 32000 msrp, etc) for an 08 and 09 version. Ask their best price and that you will buy before nov 3 or end of month. Describe your trade and ask for kbb good (or fair) price (the lowest of nada kbb or edmunds). Set that and let them compete on the new truck.Give the top 4-6 your cell#. Chevy may well be more productive to work with as there are 4x as many dealers. Do 95% of the work by email and phone on your couch. Last week off the month is usually crunch time for about 10% of dealers not making quota. If you are paying cash or other financing your only concern is the lowest difference owed.
If you run a 07 version of your $32000 gmc (or silverado) truck you may find it may have a trade in value of about 17000 or so. This is what your 08 will be worth in 12 months. Even 22000 isn't exactly giving it away. Get prices for an 09 version too because you may get a dealer competitive on it as dealers can work 08 leftovers for more dough if supplies are low.
Good luck
--jjf
Good luck
--jjf
But, as a consumer, all you care about is price out the door. A price of $24K with “charges” included is better than $26K with no charges. That may be kind of hard for some folks to wrap their heads around. Get the final price and make your comparisons from there.
Said he paid 23k OTD.
With an add on bed cover (folding)
Personally, I don't think a lot of Silverados have been sold since my last post.
Two of the trucks I test drove are still on the lot. And that was back in April.
See whats on the net ...say eBay for instance. If there's a truck on there, get the particulars. If its priced to your liking, you might be better off. Shipping might be an issue......or not.
You may have answered your own question noting there are only 6 dealerships in the state.(there are 33 within 40 miles of me). If you are in a captive mkt like hawaii, your options may be limited. If you don't need a truck now, I would try the end of month thing for a few months, especially if you expand it to Ford and Toyota.
I also have no idea what prices you are getting. A 07 32000 msrp chev truck barely has a trade in of 17000 (if that) so you would want at least 10k off an 08
Good luck
--jjf
ALL the dang dealerships in alaska wont budge on price. they simply wont. i go in, talk for 2 hours, and they wont budge. they tell me they can give me the current offers and thats it, so i say no take something off, they say they simply "cant lose money" and every time i walk out. nothing happens. they call me tell me to come back in, i go in, they show me the truck again, show me the price plus the current offers, they wont even take a penny off because they "cant lose money" and i tell them no again and walk out. im 21 years old, maybe thats why? anyone have advice? ive been to EVERY dealership in alaska. which is about 6 or so. ive been doing this for like 6+ months and i get the same answer EVERY freakin time. any advice would be GREATLY appreciated.
Good luck GM.
2008 4WD Ext. Cab LT1
5.3 Auto
LT1 Convenience Pkg
"All Star" Edition
3.73 axle
============
OTD $24.2K
What was the sticker? A good deal is about 7-8% off sticker plus rebates. If you can get 10-12% off sticker plus rebates, then you're talking employee pricing.
BTW, the "Red Tag" was 23,737. NC taxes are 3%, tags are $68. I spoke with the sales guy (one of the commercial/fleet guys) over a couple of days and he said he couldn't come down off the "red tag". I said fine, but I would only pay $50 for a doc fee (they wanted $399), taxes and 68 for tags. He actually came back to me with a lower price.
As you can see, the red tag price plus state tax is over the OTD price I have. So they did come down off the red tag enough to negate the other fees; plus they threw in a bed liner.
http://gmfactsandfiction.com/
They must be getting worried.
Good luck
--jjf
2008 2500HD 6.0 Gas WT 2wd regular cab, summit white, trailer package (hitch ,locking diff, wiring and heavy suspension) pwr windows doors locks, cruise, AC, tilt. They got to work on it and said they could have it the next day. Total cost excluding title-$15,900! I about fell over, that was so cheap I couldn't afford not to buy it! Took delivery on Dec 11 and am very satisfied. Screw the diesel, this thing tows the new trailer like a charm.
The 6.0 engine is great, I have one in my 06 Silverado. It can pass anything on the road, except a gas station. The 08s come with a 6 spd unlike mine with a 4 spd. Should be a little better. That's a great price. I've been looking to replace mine with a 5.3 The 6.0 was a killer at 4.00 a gallon gas. It's better now, but who knows for how long. Being that I doubt I'll tow anything more than a tandem 7000# trailer the 5.3 should do. The 08 inventory is really getting tight, the employee pricing in Nov really cleared old inventory. Let's see what happens next week when the red tag event is over. Maybe they will start discounting the 09s. I think the big 3 are shutting down production for a while to clear inventory and save costs. Go figure, they get tax dollar bailout and take a break to clear inventory, so that they can make money. On our tax dollars. Is this the bizarro world?
2008 SIlverado Ext-Cab Z-71 LTZ
Sticker $36,375
Invoice $32,301 (true invoice)
AFter rebates and discounts -
$28,800.00
It almost seems the dealers know the Sailors returning from deployment have money in their pocket to burn and refuse to fairly negotiate
I don't know what the deal is, but the price is the price. Get bids from 20 other dealers last week of the month and see what shakes out. If the dealer in question (located favorably usually) is moving all he can get his hands on at a certain price that is it. There is no unfairness. Since Chevy has about 3500 dealerships there are alternatives.
Good luck
--jjf
Was looking for an 08 Silverado last year in Hampton Roads area of South East Virginia. Dealers seemed to all have inflated pricing and would not negotiate at all. Ended up purchasing the same truck in North Carolina and saving over $4,000.00 Would high recommend checking prices in other areas of Virginia before buying the Hampton Roads areas. It almost seems the dealers know the Sailors returning from deployment have money in their pocket to burn and refuse to fairly negotiate. One dealer even refused to allow for the current GM rebate. OVer all deal -
2008 SIlverado Ext-Cab Z-71 LTZ
Sticker $36,375
Invoice $32,301 (true invoice)
AFter rebates and discounts -
$28,800.00
I am about a year away from a new vehicle, so I hope it will still be on next year!
2021 Toyota Venza Limited Hybrid, 2022 Ram 2500 Laramie 6.4 Hemi, 2007 Mazda MX-5 Miata PRHT
kcram - Pickups/Wagons Host
Anyway, after a lot of research and dickering with dealers, the best we could get was exactly invoice price from Fuccillo Chevrolet in East Greenbush, NY (DeNooyer and DePaula would not go less than $500 over invoice--downstate, closer to Manhattan, was even worse).
'09 Silverado 1500 LT Crew Cab Z71 off-road in Blue Granite Metallic. 5.3 V-8. Chrome running boards, soft tonneau cover, multi-zone electronic heat/air, rear-window defogger, radio controls on steering wheels, Stabilitrak, cloth bench seats, nice center console, Bluetooth/XM radio, chrome grille, etc.
pathetic trade-in on a '98 Silverado--but didn't want to try to sell this thing by ourselves--170,000 miles, some rust, check engine light on, non-working tailgate.
MSRP: $38,542
Invoice : $35,754 (price paid)
Incentive -$4,000
_________________
$31,754
GM points:-$1500
Trade in: -$2500
So total without tax that we owed was $27,871.50
And the tax (at least here in NYS) can be written off on your taxes if you purchase a new car in '09. So that's a pretty good chunk--$2660.32 to write off.
Hope that helps...and I hope we didn't get ripped off!!!!
Sarah
SHOULD I TRY A HIGH FLOW CAT CONV AND NEW AIR INTAKE??
Since this is a pricing discussion, you might have better luck posting your question, here: Chevy Silverado and GMC Sierra Trailer and Towing Questions
Good luck!
kyfdx
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MSRP - $36,320
Price - $*28,767
that looks nice to me before even talking to them. How much lower do you think they can go? I really want to get the best deal possible (who doesn't) this is in Wisconsin. Anybody eles purchased a Silverado recently and willing to share their price?
MSRP was 50,945.
Invoice was about $46,500
After 3500 cash back plus 2000 GM Card money.
I paid $41,345. I felt that wasn't too bad.
2009 Silverado, Regular Cab, Long Bed, V-6, Auto, Cruise & Radio/CD. White with Grey Vinyl
Build date 1/2009 so these prices are pre '09 price increase(guessing 4 %)
MSRP with freight $ 21,060, Invoice 19,622.67, Dealer net price 19,826.32
less Loyalty cash(from GM) -1,000
less Rebate (from GM) -1500
less GM Card(from GM) - 3279.15 (had to buy in my name which was bad, they've
gotten more stringent on use)
plus Tax & title(from Gov.) 673.68
Out the door 14,720.85
Not a great deal but got burn't out after several days of going back and forth with several dealers. Learned a lot though. Would zero in on which 2 dealers that had suitably equiped truck in stock and get vin then call sales manager and ask for best out the door price on that vin # truck. I probably could have gotten couple hundred more off. But finding the pre price increase inventory softened the over invoice price.
All four dealers that played quoted same +- 100 for same package with cruise. Could have gotten same unit but less cruise for 600-700 less at one dealer. But had to have that stupid factory cruise. I knew since was buying in my name I'd drive it personally till next tax year and hate not having cruise. Particularly with v-6.
LIke these new ones better than the classic '06(5.3l ext cab) we have. Also have '01 F150 V-6 whose performance proved we could work with v-6 in full size truck.