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I'm in the process of helping my parents purchase a new 2009 Silverado and I have a couple of questions.
First, here is the info about the deal. We already reached an agreement about the price, so I'm providing this info to give everyone a recent data point.
2009 Silverado LT (2wd Crew Cab)
Color - Victory Red
Options - Interior Plus Package, Exterior Plus Package & Power Plus Package
MSRP - $34,870
Dealer Invoice - $32,882.03
Price before rebates - $32,482.03 ($400 under invoice)
Rebates - $6500 ($6000 rebate and $500 for waiving the 60 day return)
Final Price - $25,982.03 + tax, registration, etc.
Location - San Bernardino, CA
Now, for my questions:
1. My parents would like a car alarm. I pretty sure the F&I folks will offer to activate one that has already been installed (at least they did for my dad's 04 Silverado). If I remember correctly, they wanted $795 last time. I know aftermarket will be cheaper, but my parents would rather just use the one that's pre-installed. What would be a fair price to pay for the alarm activation?
2. My parents also want an extended warranty. I know GM offers one and we can get it from the F&I folks. My parents will want the best one, which was 5 years, 70k miles last time. What is a fair price to pay for the GM warranty?
3. My dad will also be trading in his 04 Silverado LS. I've gotten quotes from Edmunds, NADA, and KBB. NADA is the highest of the three. I also plan to take the truck to Carmax and get a quote from them as well. I plan to use these quotes to establish an acceptable range for the trade. Anyone have any other advice about how to maximize the trade in price?
Thanks in advance for your assistance!
1. LT equiped Silverado's come with a factory alarm system. I am not sure what else you are looking for unless you want GPS tracking, etc. But this is also a feature of On-Star so that if the vehicle is reported stolen, On-Star can put the engine in "limp" mode so that it is difficult to drive.
2. Ex Warranties are a crap shoot. Do some research with reputable companies and get a price quote. Use that info to negotiate a better price with the F&I guys.
3. The Carmax thing is your best bet. The price they give you is the "real" trade in value. Regardless of what NADA, KBB, etc. say. If there is another used car dealer locally that offers to buy your car without purchasing, you could check with them.
I have personally done the Carmax thing on a prior vehicle. I just told the dealer the price I wanted for the trade in and why, they asked to see the Carmax "offer" and they matched it No questions asked.
Good luck.
I wasn't aware that the LTs came with an alarm. I guess I somehow missed that fact when I was going over the options. But that is good news, as that is one less expense my parents have to worry about.
Also, thanks for the Carmax advice. I plan to use that as our bottom line for the trade. I'm gonna try to negotiate down from the highest estimate (NADA at this point). But it's good to know that dealers seem willing to at least match the Carmax offer.
Pricing out that truck here on edmunds shows an invoice of $32110.
Are they including the "advertising fees" in their invoice? That's probably how you got under their invoice.
As far as the extended warranty, remember the current GMs give a longer warranty on powertrain than the 04.
Thanks for the tip though. We are going to finalize everything on Sunday. I'll be sure to check the itemized list for "advertising fees" and object to paying them if they are on there.
As for the extended warranty, it is something my parents want. They are in their 70s and think the extra cost is worth it. I've tried to talk them out of it, but I think they value the peace of mind it provides. Ultimately, it is their decision because they are the ones who will own the vehicle. Since the decision has already been made, my role is simply to get them the best warranty I can for the best price.
I sent this to dealers and one came back with $40,838, one with $41,375 otd, the others just want to call & get info. I live in South Ga. Driving chevy for 19years. These guys aren't close to TMV for my region and surely not $10k less otd after taxes like I read on other post.
Question, aren't they suppose to add taxes after deducting rebates & incentives?? My quotes have rebates deducted after taxes figured on MSRP. That adds approx $500 more to their profit/ my cost.
One more, I'm suppose to get gm supplier discount through my company. I haven't seen any mention of this in my quotes after requesting.
You pay taxes before rebates and incentives. The only thing you don't pay tax on is the value of trade in, if you have one. If you don't have a trade, you pay tax on the selling price.
I ended up making the following deal at Crest Chevrolet in San Bernardino, California -
2009 Silverado LT (2wd Crew Cab)
Color - Victory Red
Options - Interior Plus, Exterior Plus, Power Pack Plus
MSRP - $34,870
Invoice - $32,882.03 (slightly differs from Edmunds but I saw an itemized list and it looked completely legit; no advertising fees or anything like that)
Price before rebates - $32,482.03
Price after Tax/License/Registration/etc. - $36037.77
Rebates - $6500
Out the door - 29,537.77
My parents wanted an extended warranty (this truck is theirs), so I ended up negotiating for 84mo/84k Major Guard with a $100 deductible for $1180. They also had a trade in Credit of $5987.28. So the final price for everything was $24,730.49.
Financed through Pentagon Federal Credit Union for 60 mo. at 3.99%.
Overall, I'm pretty happy with the deal I made for them. I probably could have gotten a little more for the trade, but the dealer did beat Carmax's offer by $2200.
Anyway, I hope this info helps someone.
The MSRP was bump up $1000 a few days after I brought it.
Greaat... They bump the MSRP and give you an extra $1,000 rebate. Good Game.
2009 GMC Sierra SLE (2wd ext. cab) 4.8 liter basic truck no package.
MSRP - $29,200
Dealer discount about $3500
Rebates - $5500 ($5000 rebate and $500 for waiving the 60 day return)
Price OTD include tax 8.75% and licenses - $22,000 (should had been $21,000 OTD)
Location - Louisiana
I didn't want to negotiate and told them in the beginning I'll buy it for $22,000 OTD with tax included. They wanted $23,800 OTD and called me called me back in when I was getting into my car to leave agreeing on $22,000 Drive Out. You should never rush to buy even though I thought $23,800 was a reasonable deal. I guess I really wanted it like impulse buying.
I got about $ 9000 discount off msrp. (I should of waited a little longer and got a $10,000 usual discount. So my deal was about average )
I just got ripped by $1,000.
After driving for a week, I would have prefer a Toyota Tundra double cab with many other things standard on the truck. I know it would cost a few thousand more, but in the end, it would be worth it.
I feel like I'm driving a $15,000 outdated truck.
Looking for your thoughts. I have been working with a local dealer on the above truck. MSRP $43,000. Options include:
6.0L Engine, 6speed Trans, Max Trailer Package, Exterior Plus, Safety Package, Interior Plus, Trailer Brake, Bose, and Dual automatic seats. Working with the Dealer for 2 weeks and they are offering $39K out the door (tax rate is 8.75% plus 1500 license). Is this a good deal? Your thoughts?
If it's $39k then rebates and some GM point or the topoff you're at $10k+ off.
I'm still annoyied about not getting the topoff. I don't qualify for it because I have $5K+ in points. So I have a lower redemption allowance than someone who got the topoff. makes alot of sense.
The price was after a $3,500 rebate back in early July.
MSRP with Destination Charge=$36705
Invoice=$33038
Rebates=$4000 ($2000 rebate, $1000 Bonus, $1000 Old Age(? older inventory)
The quote from the dealer= $30176 + Tax, Title License
Invoice $33038-Factory Holback $1071.3-rebates $4000= $27966.7+$995= $28961.7
Delear profit would be $1214.3 or roughly 4%
The deal seems really to good to be true. should I even offer less than the quote? I am not going to finance through the dealer and I am not sure if they will try and pull the advertising, dealer prep, vin# etching, and dealer floor plan assistance scams but I hate to not make a lower counter offer.
MSRP: 32,465 (Base price + Texas Edition + Seat Adjuster-Driver Side + Dest)
Negotiated: $29,000
Cash Rebate: -$4000
GMAC Financing: -$1000
Sale Price: $24,000
+ had dealer throw in matching front windows tint AND chrome sidesteps.
Joe/Jason at Mac Haik Houston were tough negotiators, but cordial the entire process. Negative reviews on Google, but my experience was all positive.
What do you think?
I apologize that you have been experiencing a concern with your vehicle. Please keep me informed on how the test goes at the dealership. Thank you,
Mariah GM Customer Service
I will say my purchase was from a dealership but not a GM Dealership. I have alway's had great service from GM over the year's. I'm just frustrated with the other place of purchase and believed that they would stand behind a new sale, I will keep you posted on the test and result's.
Thank you for keeping me posted.
Mariah GM Customer Service
This is the biggest POS i have ever owned from GM, everyday it seems like a new problem, never again will i buy a truck from GM.
So now it's heading back to the shop again, i have dumped over 600 in repairs and i have only had it 5 weeks. out of that 5 weeks its been in the shop for 10 days total. totally frustrated
I would like to have an agent look at your concerns further. In order to do this I will need you to email me contact information, dealership, VIN, current mileage and best time to contact you. You can get my email by clicking on gmcustsvc. Thank you,
Mariah GM Customer Service
Guess i'll find out soon enough, hopefully now i can concentrate on the other crap that is wrong with the truck.
upgrade tires
HD suspension
Locking Diff
Cruise contol
sticker $23500
trade: 1997 Isuzu Hombre 2wd PU w/93k miles(rusted body)
$13500 with trade. No money out of pocket.
Over at GM the best we could get on a 2010 GMC Sierra SLE 1500 ext. cab with the 4.8L v8 was $23k out the door.
Are these fair prices with the Employee discount and factory incentives? Should we spend the extra grand and get the 2011 Silverado?
Any feedback on this would be greatly appreciated.
Thanks
He currently has a 2005 Chevy Silverado with 55k miles on it. We still owe $15k on it.
Has anyone bought a 2011 crew cab recently? if so would you mind sharing your deal? what are your monthly payments? etc?
Dealer wants 21k for a V6 crank window 1500 series 2wd Ex cab W/T Silverado ..or for that matter a GMC in the same trim.
This is with EVA- 5005.00 rebates, a 1000.00 private offer, and its a 2011 leftover- needless to say- I'm not impressed.
The last time I was faced with this, it was through Ford, and the minimum amount to be financed was $7.5k, and you had to make 3 payments before you could refinance.
And approximately how bad are you getting scr**ed on the interest rate? My credit union is offering 2.49% for 60 months.
2010 5.3L Taupe/Gray Metallic 2WD
Package add-ons - 1. Interior Plus 2. Power Plus 3. Exterior Plus 4. Z71 Appearance
It has around 18,000 miles on it.
Dealer is asking $25,500. Edmund's is showing around 22,279 for trade in value. And I assume no dealer is actually giving a customer that much for a trade in. Does anyone know the avg percentage below trade in value that most dealers buy vehicles for? My question is where to start the negotiations. What is too low? I do not have a trade in, will be paying with a check, no financing from the dealer.
Thanks!
A guess would be (and it's only a guess) is that perhaps the dealer paid "back of book" meaning less than the wholesale price. I believe the high gas prices are making trucks soft in the market place. I would start at wholesale book and not move much and see what happens.