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Chevrolet Silverado Prices Paid and Buying Experience

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

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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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#532 of 675
Re: Amazed at how un-competitive dealer was on Silverado - what's the deal? [nyaudi] by jfritsch
Jun 22, 2008 (1:27 pm)
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Replying to: nyaudi (Jun 22, 2008 11:34 am)

If you look up a used 07 version of the new 08 you are thinking of buying it probably has a trade in value of 14000 or more off msrp, whether Tundra or Domestic.(msrp in the 35000+ range.) The 14000 figure is probably low, despite what the books say. All the 20 mpg trucks are slow, the Tundra too. The domestics have more brand loyalty.
 
This is an unusual period in auto history where a major marketing procedure for Domestics, (less so for foreign) is coming to an end. All the profits the domestics made was in trucks. They lost or broke even on most cars. The $4.00 price point has driven most drivers batty (about where research firms predicted it would) with an unprecedented dumping of 20 mpg trucks, many under 3 years old, mainly in the last 5 months (a compressed period of time). Tundras and titans are the least of their problems (not many made compared to U.S. Manufacture). Japanese producers also don't rely on trucks for most of their profit.
 
Tons of trades, leftover 08's and god help them, formerly popular trucks coming off 24-36 month leases with the 09's coming out.
 
Jesus you start even thinking about a new 08 at 10k off. Consider start of bidding used trucks considerably below kbb trade in for a retail sale.
 
Good luck
--jjf
 
Thanks for the feedback.
  
Perhaps I should look at F-series as well... seems like Ford recognizes they have to do something drastic if they want to make room for the 2009s.
  
I'm really surprised Toyota is coming out so aggressively on price relative to GM. My understanding going in was that Tundra is a great truck but expect to pay for it. If the actual price is less than the domestics, this is not going to be good for GM.
#533 of 675
Re: Amazed at how un-competitive dealer was on Silverado - what's the deal? [jfritsch] by nyaudi
Jun 22, 2008 (5:18 pm)
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Replying to: jfritsch (Jun 22, 2008 1:27 pm)

So far, I'm not seeing quite that much desperation locally - but that was why I decided to look at full-size. I only drive my truck ~3000 miles/year so I can afford the gas and capitalize on the situation if I really see these go at fire sale prices. But as you note, the industry is changing, and I think the big 3 are finally doing the smart thing - cutting supply to support price. So this will eventually work itself out and re-establish a more normal equilibrium, particularly if the speculation bubble in oil bursts, but the next few months seem like a great window of opportunity.
 
An 07 Tundra similar to what I was quoted $22K on for an 08 (about $9-10K below MSRP) works out to about $21,700 on trade-in according to Edmunds. I doubt someone would really get $21,700, but seems like $9-$10K off is about as good as it's going to get for the moment.
 
It is definitely an odd time to be looking - I'm not sure where all the cheap trade-ins are piling up yet, but they must be building pressure. And I don't need to buy right away, so may give this until Jul/Aug when pressure builds more.
 
The most comical pricing I've seen was on last gen Tundras - Toyota dealers are asking for $22-$25K on 05/06 Tundras from previous generation. So once again, if I go used for a Toyota truck, it's going to have to be 3rd party... Toyota dealers seem to think their used cars are made of gold at $1000/ounce
#534 of 675
Re: Amazed at how un-competitive dealer was on Silverado - what's the deal? [nyaudi] by jfritsch
Jun 23, 2008 (1:33 am)
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Replying to: nyaudi (Jun 22, 2008 5:18 pm)

All dealers think their cars are worth 1000/ounce. This is a valuable machine you have here.. you don't think we will part with it for nothing?
 
BTW just for kicks check the value on kbb.com and nada.com. Edmunds is frequently the most generous (of an already generous for trucks) bunch on trade in value.
 
Good luck
--jjf
 
The most comical pricing I've seen was on last gen Tundras - Toyota dealers are asking for $22-$25K on 05/06 Tundras from previous generation. So once again, if I go used for a Toyota truck, it's going to have to be 3rd party... Toyota dealers seem to think their used cars are made of gold at $1000/ounce
#535 of 675
Re: Chevrolet Silverado: Prices Paid & Buying Experience [KarenS] by pawngod
Jun 28, 2008 (8:03 pm)
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Replying to: KarenS (Sep 15, 2003 9:39 am)

08 gmc sierra denali awd sticker was 42,500 i got it for 34,225
i only have about 1000 miles on it sofar...so good.....gas mileage is a bit depressing at 14.4 mpg i have averaged. anyone know how to remove front license bumper holder??
#536 of 675
Re: Chevrolet Silverado: Prices Paid & Buying Experience [pawngod] by gnp96
Jun 30, 2008 (12:46 pm)
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Replying to: pawngod (Jun 28, 2008 8:03 pm)

Hey where did you score that deal? City, State and do they still have deals like that??? I am looking for something like that with the 0% financing deal as well.
#537 of 675
Re: Chevrolet Silverado: Prices Paid & Buying Experience [gnp96] by pawngod
Jun 30, 2008 (7:11 pm)
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Replying to: gnp96 (Jun 30, 2008 12:46 pm)

i got mine at bob howard in edmond oklahoma...i found it on the internet ...my buddy sells cars and i asked him how i could get the best deal...he said....just tell em. i want a car at invoice...i wanna see the invoice and i want to retain all applicable rebates......i got a call a few days later and he said..i can get you this denali for 34,225.00 and i said...i am on my way....they are very nice trucks...i love it....you cannot keep the rebates and get zero financing..so i went with a low interest loan to keep the rebates
#538 of 675
Re: Chevrolet Silverado: Prices Paid & Buying Experience [pawngod] by gnp96
Jul 01, 2008 (6:47 am)
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Replying to: pawngod (Jun 30, 2008 7:11 pm)

what is your monthly payment out the door without putting anything down? and what interest rate did you get?
#539 of 675
by huskyhauler
Jul 03, 2008 (7:15 am)
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I'm going to be in the market shortly for a new Silverado 3500 HD diesel, crewcab LTZ 4x4.
There's no trade in, I'll be self financing - and I'm moving from overseas, so dealer location is not an issue.
 
How much do you think I should be able to get a new truck for in those circumstances?
#540 of 675
Re: [huskyhauler] by jfritsch
Jul 04, 2008 (5:27 am)
Reply

Replying to: huskyhauler (Jul 03, 2008 7:15 am)

I would want 10k off anything around 40k just to start. With the number of used 06s 05s and 07s on the market from massive trades and lease turn ins I'd try there too. If an 07 wholesales used (trade in) on kbb.com at 17000 I would be looking to pay 16000 or less retail. The market is that bad for these. I don't know if the books will catch up (with the price drops) in the next few months or not. (They theoretically should) For a specialty truck like the 3500 the market may not be that bad.
 
Good luck
--jjf
 
I'm going to be in the market shortly for a new Silverado 3500 HD diesel, crewcab LTZ 4x4.
There's no trade in, I'll be self financing - and I'm moving from overseas, so dealer location is not an issue.
  
How much do you think I should be able to get a new truck for in those circumstances?
#541 of 675
2008 Loaded Silverado 4x4 Crewcab by rdestryw
Jul 12, 2008 (1:58 pm)
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MSRP $43k - 0% 72 months with payment of $550/month = $39.6k purchase price. Is this a bad deal? From what I've read in this forum people are getting way below MSRP - is this so with 0% financing as well? Is a price at invoice a decent deal or is the market just so bad for new trucks now that I should find a dealer who will go lower?
 
Dealer was vague and wouldn't give specifics on invoice price or lease incentives! The truck is smokin' and I almost bought it until the salesman wanted to tell me how they weren't making money ... this and that ... and so finally I told him I was done and walked out and he started mouthing! I was thinking about getting in touch with his manager and letting them know that as a previous customer at that dealership I am extremely disappointed and want a hot deal. Any thoughts?

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