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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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#562 of 675
Re: Are Rebates a joke when trading [tripper0567] by slisstudent
Aug 07, 2008 (1:51 pm)
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Replying to: tripper0567 (Aug 03, 2008 2:50 pm)

I received one of these direct mail certificates. Well, actually the certificate is in the name of a family member who formerly resided here.
 
The certificate states that "this offer may be transferred only to individuals residing in the same household (same address) as the eligible recipient noted on this certicate (FL, TX, and CA residents must show proof of residency)...."
 
The certificate further states that "This offer is not offered to the general public."
 
Excludes: Aveo, Cobalt, Corvette Z06; Pontiac G5; Saturn ASTRA; hybrids; and medium-duty trucks.
 
Oh, the certificate is valid 07/14/08 thru 09/15/08.
#563 of 675
Is this a good deal? by bjackson
Aug 07, 2008 (8:07 pm)
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What is everyone's assessment of the following deal:
 
2008 GMC Sierra 1500 Crew Cab Texas Edition (5.3l engine).
 
MSRP = $35,375.00
 
Negotiated Price incl. $5000 rebate (not incl. TT&L) = $26,357.00
 
Basically $9,018.00 off MSRP including the $5000 GM rebate.
 
Dealer is also giving Kelly Blue Book value on 2001 Ford F150 trade-in.
 
Out the door = $23,446.94
 
How does this compare with everyone else's experience? Should I be able to do better or is this a good deal?
#564 of 675
Re: Is this a good deal? [bjackson] by ocautoseeker
Aug 08, 2008 (12:46 am)
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Replying to: bjackson (Aug 07, 2008 8:07 pm)

What trade in value is the dealer utilizing via the KBB website, excellent, good or fair?
#565 of 675
Re: Is this a good deal? [ocautoseeker] by bjackson
Aug 08, 2008 (3:29 am)
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Replying to: ocautoseeker (Aug 08, 2008 12:46 am)

KBB shows the following for Trade-In value:
 
Fair = $3600.00
 
Good = $4410.00
 
Excellent = $4900.00
 
Dealer is offering $4500.00. Vehicle is in good overall shape but has 20% tread left on tires and needs some minor repairs.
#566 of 675
08 Silverado Crew Cab by jboehm
Aug 08, 2008 (6:07 pm)
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Got the following verbal deal today:
 
2008 Silverado Crew Cab LT1
4x4
Tow Package
5.3L V-8
Auto climate control
remote start
rear defroster
Z71 package
 
Out the door price = $23000
 
Trading in a vehicle that, according to the auction books I can find, is worth $4000 less than what I owe.
 
Test driving a similar vehicle now, they are bringing on the one that we are dealing on. Looking for the 'gotcha' in this deal. I know that it is verbal at this point but re-iterated, a couple of times, that this is $23000 out the door. The sales manager repeated, "$23000 out the door including doc fee".
 
Where's my gotcha? Or is this going to be a bait and switch? (yes, I'm a little cynical when it comes to auto dealers)
#567 of 675
Re: 08 Silverado Crew Cab [jboehm] by asylum575
Aug 08, 2008 (6:23 pm)
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Replying to: jboehm (Aug 08, 2008 6:07 pm)

What is the MsRP on that truck? I'm figuring $35-36000. If so that's $12-13000 off MSRP. I'd be looking for the gotcha too.
#568 of 675
Re: 08 Silverado Crew Cab [asylum575] by jboehm
Aug 08, 2008 (6:29 pm)
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Replying to: asylum575 (Aug 08, 2008 6:23 pm)

Stickers for $35855. Ya, this really bugs me. The manager didn't take long to make his decision and he is bringing in a vehicle. Doesn't make sense. Tomorrow outta be interesting.
 
I looked at their inventory and they have two other LT1s that would work for me. Different colors but they would still work for me.
#569 of 675
Re: 08 Silverado Crew Cab [jboehm] by nbtstatic
Aug 09, 2008 (6:55 pm)
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Replying to: jboehm (Aug 08, 2008 6:29 pm)

Can someone give me an opinion on this deal? I'm new to the Chevy brand and the truck market in general.
 
I'm looking at a new '08 Silverado Texas Edition with the LT2 Package.
 
The sticker says $ 31,720. They are telling me the invoice is $29,715.
 
They are offering the truck at $23,791 after the 5k rebate and some discount. It looks like they are coming off the msrp around 3k, plus the 5k rebate. Any thoughts on this? Thanks!
 
NB
#570 of 675
Re: 08 Silverado Crew Cab [jboehm] by jfritsch
Aug 10, 2008 (2:46 pm)
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Replying to: jboehm (Aug 08, 2008 6:29 pm)

I have no Idea if that otd you give involves paying off your 4000 loan, in addition to 1000 in tax. On the surface it looks like just the tax. 13000 off msrp is nothing to write home about. The bottom dropped out of the market on these vehicles 10 months ago.
 
A quick look on kbb.com for a used 07 like the 08 you are looking at would probably show a trade in value of 20000 for a 36000 msrp vehicle and many dealers not wanting to trade for that even.
 
Scepticism is always warranted but the fact the guy dropped his pants so fast for 13000 off may show how bad the market is in your area and in general. Shop your deal around for more off msrp with the vehicle locator on the chev website, leave your cell #. 13000 off is good, but not giving the vehicle away. (they've generally sold frequently for 10000 off in august for years, and that was before this year's train wreck)
 
Good luck
--jjf
 
Stickers for $35855. Ya, this really bugs me. The manager didn't take long to make his decision and he is bringing in a vehicle. Doesn't make sense. Tomorrow outta be interesting.
  
I looked at their inventory and they have two other LT1s that would work for me. Different colors but they would still work for me.
#571 of 675
Re: 08 Silverado Crew Cab [jfritsch] by ocautoseeker
Aug 11, 2008 (12:41 am)
Reply

Replying to: jfritsch (Aug 10, 2008 2:46 pm)

Hey jf,
 
I don't want to start an arguement, but I think YOU should give more realistic advice when pricing a Silverado. Even in the current market, there is no way THE DEALERS are going to let these trucks go for $13k off msrp. Only way you'll see inclusive discounts like that is if GM keeps increasing the incentives (i.e. - larger rebates). The vehicle's price (at least the numbers the public are privy too) remains the same, but w/o a factory subsidy, the dealer does not have enough in his vehicle to let it go that far below invoice. Even if you sub out the ad fee, trunk money (currrently $440), and leave him zero holdback, you're at maybe $8500 "net" off list.
 
Trust me, I agree that they should be more aggressive and for those in the market who want to grind will probably find a dealer to knock $10k off, but $13k off is not happening and I don't think it's wise to advise as such.
 
And as for all your "trade in value" opinions, they're simply a guideline and are never totally accurate. Trade values are determined by current auction prices, which are not the same as trade in values you see on kbb. Most dealers will simply offer the ACV (actual cash value) which typically represents what a vehicle can be purchased for at auction. Now, with some negotiating skills, a consumer can have them bump their offer, but it has to be a sought after trade, or something they feel they can make at least $500-$1000 on the resale.
 
Now, if you want a Dodge Ram, sure, $13k off can be had all day, but there's also $9k in rebate money!!

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