Last post on Oct 17, 2006 at 8:34 PM
You are in the Chevrolet Silverado & GMC Sierra
What is this discussion about?
Chevrolet Silverado 1500, Chevrolet Silverado 2500, Chevrolet Silverado 3500, GMC Sierra 1500, GMC Sierra 2500, GMC Sierra 3500, Truck
#4951 of 5688 New GM Incentives vs. today's???
May 24, 2005 (2:14 pm)
I am about to buy a 2005 Silverado 1500 extended cab to replace my GMC Sierra. The Chevy dealers are offering $4000 in rebates through next week (expires May 31, 2005). I have heard unverified rumors that the new incentives begining in June '05 will be better, and there may even be a return of last year's Customer Loyalty credits for current GM owners.
Does anybody have any real idea if the new incentives will be better than the current $4000 rebates.
#4952 of 5688 Re: New GM Incentives vs. today's??? [malco]
May 24, 2005 (6:14 pm)
I'd be surprised if the incentives don't get better. Sales are terrible right now, even with tons of incentives. GM doesn't have many other options to move product.
#4953 of 5688 Maybe that's the answer to my '03 Sliverado blues
May 25, 2005 (6:05 am)
Trade it in on an '05! If I was out of pocket only a grand or so I'd be willing to help drive sales. LOL!
#4954 of 5688 New GM Incentives vs. today's???
May 25, 2005 (12:21 pm)
I could see waiting for a larger rebate if you do not have a trade in - but doesn't the extra rebate drive down the value of your trade? Maybe not exactly a $ for $ reduction but - it would be hard to understand how a $5K rebate on a new 2005 would not reduce the trade in value of a 2004 by close to $5k, which will impact a 2003 and so on - at least until you get down to maybe a 1999 model - that as long as it is in good shape is going to be worth $7,500.
#4955 of 5688 Re: New GM Incentives vs. today's??? [z71bill]
May 25, 2005 (4:17 pm)
Thanks for the advice. I do in fact have a '99 Sierra that I will either trade in or just sell. I just paid $2120 this afternoon to have the auto-transmission rebuilt. I guess I should have traded a month ago!
I am going to hope that better incentives come out next week, and hope to convince the dealer that my truck is worth more than $5000 with a new tranny and fuel pump.
#4956 of 5688 Re: New GM Incentives vs. today's??? [z71bill]
May 26, 2005 (11:48 am)
If the rebates went up today and you traded tomorrow that wouldn't make your trade worth less as thre bates come from GM and not the Dealer. However, all the big rebates have indeed driven down used vehicle values. BUT, it you bought your vehicle with some of those big rebates and discounts then you really haven't lost anything.
#4958 of 5688 Re: New GM Incentives vs. today's??? [txyank1]
May 29, 2005 (4:54 am)
I understand they are making employee discounts available to everyone on everything except the Corvette that should help somewhat. Look for announcement early next week.
#4959 of 5688 2001 Chevrolet Silverado (The Crimson Bomber)
May 30, 2005 (7:25 am)
I am new to the form. Glad I found this place. I have a 2001 Silverado 1500, 5.3L. Bought it used 31 months ago, and she had 33,000 miles on her. Well, lately, a few problems have come up, and I was wondering if you all could help me.
First off, the gas gauge fluxes big time. I have heard that this is a sensor, and it would cost about $700.00 to repair because the sensor is part of the fuel pump, and that it is inside the gas tank. Is this true? Am I sunk on this?
Second, the transmission will occasionally jerk on take off. Not often, but once every few days to a week. What could cause this?
Any help would be appreciated. Once I wash the Bomber, I will post a pic of her on here. She is a beauty, even if I do say so myself
#4960 of 5688 New GM Incentives vs. today's??? malco
May 31, 2005 (2:10 pm)
I understand that the rebate comes from GM - but the dealer must value a trade in based on what it is worth when they resell it (less the cost to sell & profit - of course) so it just seems that the large rebates would put downward pressure on trade in values.
Hard to see many people willing to pay more for a used vehicle than a new one - so if you throw a $5,000 rebate on top of low (or no) interest financing on new vehicles then the value of 1 year old truck would be reduced. Which would ripple down through all the model years.