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Chevrolet Silverado Prices Paid and Buying Experience

675 messages,  Last post on Oct 26, 2009 at 10:25 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Chevrolet Silverado 1500, Chevrolet Silverado 1500HD, Chevrolet Silverado 2500HD, Chevrolet Silverado 1500 SS, Chevrolet Silverado 2500, Chevrolet Silverado 3500, Truck


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#475 of 675
Re: LTZ purchase [hotrod1965] by jfritsch
May 29, 2008 (5:48 am)
Reply

Replying to: hotrod1965 (May 28, 2008 10:07 am)

Thats silly. The first 12 months depreciation is a good determinant of how unrealistic msrp is. Almost all trucks depreciate about the same after the 1st year. The Dodge Ram 1500 msrp 42000 wholesales for 20000 after 12 months or so. Adding up rebates, subtract invoice etc gets you about 8000-9000 off msrp. They sell all day long at 12000+ (preferably the plus off), except for unfortunates who pay msrp (not an insignificant number) and folks trying to calculate dealer "cost" by published invoice figures. Invoice has been a nominal figure for over 15 years. This is especially true for trucks. Eating 10000 to drive a truck 1st year with a 12000 discount is financially painful.
 
Chevy isn't this bad, (their msrp is slightly more realistic) but with a 38000 vehicle wholesaling for 14000 off msrp or so after 12 months, don't get carried away with a big 7500 discount with conquest rebate, military rebate, student discount,loyalty discount, trade in bonus,dealer discount, gm card, gm card bonus, x-plan, wack dealer's ex-wife discount, etc... 7500 off is an average deal, and they are hardly giving it away at that price.
 
Good luck
--jjf
 
GM dealers can only go so low off the sticker price.(unless you expect them to lose money) They are generally regulated my GM on what they can sell trucks and cars for. So to expect 10K off sticker is pretty unlikely, since GMS pricing is usually about 10% off. So if you get 10% off plus rebates you are doing pretty good.
As far as what it is worth 12 months later... who cares? A vehicle isn't an investment, it's a tool you need to live.
#476 of 675
Re: LTZ purchase [jfritsch] by dukeblu
May 29, 2008 (7:52 am)
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Replying to: jfritsch (May 29, 2008 5:48 am)

When you leverage $8000 of rebates against a $21k MSRP whole different set of economics. I can have them give me between 10-10.5K trade on the same truck that's one year old and have it equate to a cost of less than $250 a month depreciation. So yes, I'm getting carried away. On a $42k truck, agree the economic picture changes.
#477 of 675
Re: LTZ purchase [jfritsch] by hotrod1965
May 29, 2008 (8:09 am)
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Replying to: jfritsch (May 29, 2008 5:48 am)

You missed the point. The dealer doesn't get to decide what the lowest price is on the truck, GM does. The trick is figuring out what that lowest price is, which typically is the GMS price, then you can add on whatever rebates ...etc
#478 of 675
Re: LTZ purchase [hotrod1965] by sleukem
May 29, 2008 (2:02 pm)
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Replying to: hotrod1965 (May 28, 2008 10:07 am)

I don't know why you are replying to my post. At no time did I say you should expect 10K off sticker price. Your arguement is with someone else.
#479 of 675
Re: LTZ purchase [hotrod1965] by dukeblu
May 29, 2008 (2:45 pm)
Reply

Replying to: hotrod1965 (May 29, 2008 8:09 am)

But is GM Supplier price valid with all types of the GM Card? Think after July 2003, that quit being an option on a lot of the card variants. So for those with a standard type GM Card, probably wiser to not worry about Supplier pricing.
#480 of 675
better? by hotrod1965
Jun 06, 2008 (10:12 am)
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How much better do you guys think prices will be after june?
#481 of 675
2008 Crewcab 1500 LT2 Silverado by crewcabb
Jun 08, 2008 (1:54 pm)
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I have a chance to purchase this vehicle with a 5.3L engine,it is a demo ,has 3500 miles on it,for $9000.00 off Invoice of 32306.00,is this a good deal at all??? Thanks for your help.
#482 of 675
Re: 2008 Crewcab 1500 LT2 Silverado [crewcabb] by hotrod1965
Jun 09, 2008 (5:43 am)
Reply

Replying to: crewcabb (Jun 08, 2008 1:54 pm)

So you would be paying $23306.? If that is the case, that would be a sweet deal. At 3500 miles, it really is a new truck!
#483 of 675
Re: 2008 Crewcab 1500 LT2 Silverado [crewcabb] by asylum575
Jun 09, 2008 (8:49 am)
Reply

Replying to: crewcabb (Jun 08, 2008 1:54 pm)

Is the $32306 the invoice or MSRP? If it's the invoice, then the MSRP would be around $35500 and getting it for under $24000 would be a steal, um, ehr a very good deal.
#484 of 675
New Here by cleansilverado
Jun 10, 2008 (10:38 pm)
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First off let me just say hello to all my chevy silverado owners....just thought id start off with....i just bought a 07 LT2 new body style silverado with the 5.3 flex fuel, loaded to the gills except leather and GPS with only 2100 miles, yes 2100 miles, for a price of 25,000 including TTL. i absolutely love it, especially the 20" rims. The crew cab is awesome for the kids and the truck doesnt even have so much as a mark on it anywhere. Billet grille, toneau cover and bed liner, running boards, rear stereo, towing pckg, garage door opener, remote start, and on star. i think i got lucky with the buy...just wondering what you guys thought. Cant wait to be active in the forum here. Looking to see what you guys think about oils, CAI's, exhaust, etc. Anyways....first post here so please feedback with anything.... later!

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