Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences 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
|
Replying to: djhalptert (Jun 13, 2008 6:03 pm) 7000 off msrp was an ok deal the last few july's. Nothing to write home about. With these machines in freefall, and many dealers not taking them in trade, a true 9000 off deal, generous residual and 2% instead of 4.75% subsidized rate off a new lease is not inconcieveable, especially if the dealer needs to make a sale to meet a target for the month. Or in a heavy truck region. I would have thought he left off the down payment too in previous years but for 20mpg trucks (especially domestic with probably a 1million+ truck overcapacity) it wouldn't surprise me now. Good luck --jjf That monthly payment is simply not possible. I'm not completely sure of the current residual and money factor but going off the May numbers here's what I come up with: You say the truck was the Ext. Cab All-Star Edition 2WD and had a sticker price of $30,110. GMS price would at best be $28,000. You also said you got $5,000 in rebates. So, that would mean cap cost of $23,000 NOT EVEN INCLUDING ACQUISITION FEE, minus a GENEROUS? 57% residual of $17,162.70 = $5,837.30 divided by 39 = $149.67. Rent Charge at 4.75% would be $79.49 which would make your pre-tax payment $229.16 per month. Add even 7% sales tax and you are at $245.20 $245.20 a month would be the best case scenario. Add in acquistion fee and lower residual for the 39 month, even though it was the 10,000 miles, and actual GMS price closer to $29K and you are over $250 easy. If you put down money just say you did. I don't get why people come on here and lie about their deals. As I tell everyone who lies about their lease payment...POST YOUR LEASE CONTRACT NUMBERS LINE BY LINE. IF YOU ARE LYING, THE NUMBERS WILL TELL THE TALE.
|
|
I see in some posts the abbreviation ,GMS,what does that mean, I see it on a sheet the dealer gave me,and yes I forgot to ask him what that meant. I am turning in my Chevrolet 2500HD 4x4 on July 3rd ,it is a "03" ,so am looking at better gas mileage ,than 11 mpg.,it has the 6.0 in it, I wanted to buy it from the bank,but,there price on it was crazy,15,500.00,since they said they were going to send it to the auction anyways ,I wanted to see if they would discount it ,but ,hell no,they would rather take a loss at the auction,go figure!!
|
|
|
|
|
Replying to: jfritsch (Jun 14, 2008 5:45 am) I paid my security deposit, lisence plate fee, tire warrenty, doc fee and first months payment up front for about $889 (had to buy a new plate$$). If you knew a little about math, you would find that you give money away if you put money down on a lease. So here's your line by line striaght off my contract. a. Gross cap cost..........27577.23 b. cap cost reduction.....$4200 (3000 loyalty cash plus 1200 all star edition cash) c. adjusted cap cost......$23377.23 d. residual value.........$19567.20 e. depreciation etc.......$3810.03 f. rent charge...............$3118.17 g. total base of monthlypayments .....$6928.20 h. lease payments .................36 (sorry, i think I said 39 initially) i. base payment....................$192.45 j. tax.....................................$11.55 Total........................................$204 You have to remeber that right now the LT1 with the power pack and the all star pack have extra discounts. This site is to help folks out about cars and trucks. I got a lot of info off here before I leased this, which I am greatful for. It is just really sad that some folks try to pump thier egos up by trying to make someone look bad, when in this case, this guy didn't get all the info, and now needs to say he is sorry to me... Next time buddy, just ask nicely to fill in all the gaps. As you can see, I am more than happy to show you how I got my payment.
|
|
|
|
|
Replying to: crewcabb (Jun 14, 2008 6:26 am) |
|
|
|
|
Replying to: hotrod1965 (Jun 14, 2008 9:13 am) 1. You said initially that your MSRP was $30,110 with GMS Price of $26,708 with some additional undocumented $2,000 rebate phantomly applied. It doesn't make any sense. 2. You said you put "OUT THE DOOR NO MONEY DOWN" when in fact you now claim to have paid at least $889. Nothing down indicates to most people SIGN AND DRIVE. ZERO OUT OF POCKET. 3. Someone asked what SELLING PRICE was and you said... "I'm not really sure, didn't look at it that close. I get GMS and there are $5000 in rebates. So it must have been around 22K." Now you are claiming $6,200 in rebates. What? 4. You claimed initially that you leased for 39 months now claim 36 months. How could you not at least get this right? Don't tell me you don't know 36 from 39. 5. Your residual is around what 65%? On a 2wd 36 month? That is suspect. Plus your money factor seemed low to what others were getting. Again, I'm not privy to the newest info. Just saying. If these numbers ARE correct, post them right the first time. Don't guess "around $22K" and expect anyone to believe you. I still don't think that GMS price on a $30,110 MSRP is $26,708 and I don't think the residual would even be within 10% of 65%. When I looked at GM Family First website it was not even close to that. However, that was not knowing your options on the truck. I would ask you what options you have but I would probably get 3 different answers so it just isn't worth my time.
|
|
|
Replying to: djhalptert (Jun 15, 2008 8:28 am) Time to move on... Thanks, kyfdx Host-Prices Paid Forums |
|
| Live here in Arlington,Texas ,am looking at 2008 CrewCab 1500,with a 5.3L engine,2wd, with LT1 convenience package and the Texas Edition,cloth seats. On the paperwork the salesman gave me it has 32,900.00MSRP,,,,invoice amount,,,,,30,649.00,,,GMS amount,,,29,120.85. Now they are offering to sell me this vehicle for 30,424 plus 2000.00 rebate ,plus 3,000.00 GM loyality dicount ,which brings to sale price to 25,524.00. Would this be a good deal or do I need to try to get this price down more yet??? Don't forget this is 60 month no interest rite now also. Thanks for any help | |
|
|
|
Replying to: djhalptert (Jun 15, 2008 8:28 am) So to clearify for everyone. I have the invoice in my hand right now, and the GMS price really is $26708. If I could post PDF's I would be more than happy to post it here. You want me to email it to you, I will. GMS is usually about 10%(at least off the last two cars I have bought). So to help you out, 10% of 30K, is 3000. So GMS should be about 27K. So how is 26708 that far off from the 27K estimate? That would be $292 to help you out with the math...(Maybe you are confusing GMS with invoice price?? GMS is less than invoice, the invoice price was $28017) As far as the rebates, I just looked online on what GM was offering, and it seemed it was 5k. As far as flip flopping posts.... I did say I wasn't sure on the numbers, then I went and got you the line by line. I'm missing the flip flop here... AGAIN, the dealer gave me the bottom line, and I said I'll take it. At $204 per month, I don't really care how they get there. When you buy with GMS, it isn't going to get any cheaper... You also have to figure that my deals here in SE Michigan, for a family member of a GM employee, might be a little different than other parts of the world. Our lease rates might be a little better. i just wish you woulld cool it a little. All you have to do is ask and I will look into it for you. there is no real reason to be a prick about it. Why would I lie about something llike a lease payment? I posted it to let folks know that great deals are out there if you want to lease. If you do your home work, you would know that dealers add onto the base lease payment to make more money. You can use this info as a barganing point, since you will get two different lease rates for the same truck from different dealers.... As far as options. It is a LT1, has the LT1 con. pack, All star edition and a ez lift gate, 3.73 rear.
|
|
|
|
|
Replying to: hotrod1965 (Jun 15, 2008 4:35 pm)
|
|
|
|
|
Replying to: crewcabb (Jun 15, 2008 11:28 am) |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Chevrolet Silverado Prices Paid and Buying Experience
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Chevrolet Silverado 1500
2006 Chevrolet Silverado 1500HD
2010 Chevrolet Silverado 2500HD
2004 Chevrolet Silverado 2500
2006 Chevrolet Silverado 3500
Browse by Board
Browse by Topic
Today's Chats
