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Prices Paid: Buying & Leasing Experiences Chevrolet Silverado Prices Paid and Buying Experience
549 messages, Last post on Jul 23, 2008 at 12:47 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: spahut (May 11, 2008 9:23 pm) Of course the truck is new. An 08 dodge ram 1500 msrp $41000 may be new. An used 07 like it 13 months or so old according to kbb.com or nada.com will barely trade in for $20000. (its msrp is even more unrealistic than most trucks). Even 12000 off msrp is financially yuckky. This will be more yuckky if gas is $4.00 and above in the future. If you got about kbb value for your trade you didn't leave much more money on the table. If the dealer in question happens to have a gold mine due to his location or otherwise, he may be able to work 7000 off deals on 42000 LTz's frequently (frequently enough to work them). You may have been able to work a better deal (walking out and leaving your # helps) but if his business is great, you could beat you head against the wall for hours and get an additional free oil change and a chevy hat. But not all the dealers, competitive bids (via email phone or fax) is the way to go. Good luck --jjf
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Replying to: jfritsch (May 12, 2008 4:59 am)
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Replying to: spahut (May 13, 2008 12:12 pm) You really can't have an auction (for your business) with only one bidder. Its like one hand clapping. For price targets a fairly good rule of thumb is to take the kbb or nada wholesale of the vehicle you are looking at used (12-14 months old) with average miles and add about 20% for the target on a new one. One should shoot for as close to that as possible. --jjf
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Replying to: jfritsch (May 14, 2008 7:55 am)
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Replying to: fueledup (May 14, 2008 9:03 pm) I'm sorry to say but you are half wrong on that statement. If a dealership is approaching the end of the month and has not made their sales quota, they will be more willing to deal on their inventory. Now if the dealership has been hot then they will not have much incentive to deal on their vehicles. In this case, you are right. It will not depend on what day of the month it is to buy. Jfritsch covered this in post 459. He mentioned that if a dealer was popular, you could beat your head against a wall and only get a free oil change. Something to that effect anyway. 
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Replying to: sleukem (May 15, 2008 8:08 am)
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Replying to: fueledup (May 15, 2008 12:44 pm) Sorry but I have never heard a car salesman tell me that at the beginning of the next month it will go up so I really don't get your mirage scenario.
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after a few months of researching, i finally pulled the trigger today. 1500 ext cab, 2wd, with california pkg MSRP 29315 i paid 26480, so about 10% off MSRP and i took the 0% financing they also gave me a fair deal on my trade-in. from my experience, the internet quotes i was getting were 5-6% below msrp, and I could get a few of them to 8-9% after a little negotiating, but they were insulting me with what they wanted to give up for the trade-in. my biggest asset was the research i've done and the posts i've read on edmunds to see what everyone else is paying. having the knowledge of a what a good deal would be, as well as having a few dealers competing for my business gave me the advantage in the negotiating process and it was actually very quick and painless.
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Replying to: putterca (May 18, 2008 8:50 pm) |
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Replying to: fueledup (May 15, 2008 12:44 pm) True, a good deal can be had any day of the month, but the "best" deals will be had the last couple days of the month. Why you ask? Because at the beginning of each month, dealers are optimistic about hitting their numbers and believe that they have 31 days to achieve their goals. Example: Customer comes in on the 2nd and gets quoted $250 over (sounds decent, right?). Besides, dealer has 29 days to haggle with him, or move on to customer B, so the desperation of a sale is not prevalent yet. Now, the same customer waits 'til the 30th and that $250 over quote drops to $1250 below. That's a $1500 swing and a subtantial savings - certainly worth waiting a few weeks for. You have to remember though, prices are affected in so many different ways - color, engine, tranny, options, length of time in inventory, etc. |
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