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Prices Paid: Buying & Leasing Experiences Chevrolet Silverado Prices Paid and Buying Experience
540 messages, Last post on Jul 04, 2008 at 6:27 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: samhell99 (Mar 14, 2008 8:58 am) As for negotiating a price at the dealer, I would not pay more than invoice. There is a $440 Factory to Dealer incentive on most Silverado’s and I would make them give you every penny of it. The sales person may not be aware of the incentive but the sales manager definitely knows so don’t get to rude with the sales person just yet. If they act dumb, print this out and take it with you. http://www.edmunds.com/new/2008/chevrolet/silverado1500/100911251/incentives.htm- - - l?vdp=off&setzip=78759&state=TX Update: Just noticed the Factory to Dealer incentive is only available to residents of the following: LA/OK/TX/Select Counties in AR/KS/MS/MO/NM. Truck and SUV sales are way down and the purpose of the incentive is to stimulate sales. Also, on the invoice you will see LAM Dealer and LAM Group contribution. That isn’t a contribution in your favor and is just a junk advertising fee to give the dealer more profit. Some dealers will drop it if you push hard enough and others won’t. With truck sales down you have pretty good chance of getting them to do it. Give them the price you will pay and stick with it. They will try every trick to get you to budge. Tell them that if they want to sell you a car, that’s the price. If they say no deal, give them a business card or a piece of paper with you phone number and tell them you are going up the road to XYZ dealership and if they change their mind to give you a call. Also make sure you specify when you give them the price that it is $XX,XXX plus TT&L. Otherwise they will try and add other fees to the price. Good luck. Donnie
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I got it for $800 below invoice and 0% interest for 60 months. MSRP was $40,135 I think I got a good deal. |
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i'm a bit confused. edmunds describes the invoice price as the price the manufacturer charges the dealer. if this is true, why would a dealer sell a truck for less than what they paid for it? most posts suggest paying at least $1000 below invoice. doesn't sound like a profitable business to me. please correct me if this is not the case. i'm looking at a 2008 LT1 ext 2wd with the california package with an msrp of $29400. edmunds doesn't list provide the cal. pkg price, so i can't get the invoice from this website, but it seems to be typically about 10% below MSRP. so am i correct in assuming the invoice in the truck i'm looking at is about $26500? What do you guys think would be a good target price for this truck? I want to do the 0% instead of the rebates because the interest savings are greater in the long run. thanks in advance for your replies. J
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Replying to: putterca (Mar 19, 2008 10:35 am) --jjf i'm a bit confused. edmunds describes the invoice price as the price the manufacturer charges the dealer. if this is true, why would a dealer sell a truck for less than what they paid for it? most posts suggest paying at least $1000 below invoice. doesn't sound like a profitable business to me. please correct me if this is not the case. i'm looking at a 2008 LT1 ext 2wd with the california package with an msrp of $29400. edmunds doesn't list provide the cal. pkg price, so i can't get the invoice from this website, but it seems to be typically about 10% below MSRP. so am i correct in assuming the invoice in the truck i'm looking at is about $26500? What do you guys think would be a good target price for this truck? I want to do the 0% instead of the rebates because the interest savings are greater in the long run. thanks in advance for your replies. |
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I am looking at a 2008 Silverado extended cab 4wd work truck with LS package and a few other options. MSRP is $29462. I shopped one dealership so far they are telling me a price of 27281. It seems to be about $500 over invoice. I know I can do much better. What should be my lowest possible offer on this truck. I do want to take advantage of the 0%. I am in Minneapolis, if that maters. Thanks for any opinions!
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Replying to: dadwithvan (Mar 20, 2008 5:08 pm) On a $30,000 MSRP truck you should have no trouble getting one at least $400 below invoice and still get the 0% interest. Truck and SUV sales are way down so dealerships are giving much better deals.
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Replying to: trousermouse (Mar 23, 2008 10:48 pm) It is amazing how they try to get you into the dealership. I'm not falling for it either. |
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Question. MSRP on this truck is $40,920 and am negotiating with them to get to the invoice price of $37,220 and then talk trade. My question is that if you get the price to invoice, or close, do you still have room to negotiate out the holdback?
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Replying to: spahut (Mar 25, 2008 9:59 am) Also, don’t let them steal your trade in… Go to http://www.carbuyingtips.com/ and read the chapter on Trade Ins. |
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Well, here is the outcome. I was negotiating a work truck and was down to $26,261 + TTL with 0%. MSRP = $29,462. Ended up another dealership wanted a crack at pricing on a 1LT because they didn't have the specific WT in stock with a 5.3 and power windows etc. - I gave them my price of $26,200. The other dealership came back to me with a price of $28000 + TTL and 0% on a $31,485 1LT. I went and checked out the truck, It had more options I liked etc. I called and said a deal at $27,500 + TTL and 0%. The said ok - and said the invoice was $29,409 (which I am not sure I believe). That would be $1909 below invoice. I then called the previous dealer and told him I found another truck. He, of course, wanted a crack at it (the 1LT). He called back and told me to go buy the truck at other dealer - and he had no idea how they would let it go at that price. So I feel like I got a good deal - $3985 under MSRP with 0% in lieu of a rebate. My guess is one can do way better than "invoice" price right now on these trucks. Good luck... |
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