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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
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Replying to: bjackson (Aug 07, 2008 8:07 pm)
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Replying to: ocautoseeker (Aug 08, 2008 12:46 am) 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. |
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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)
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Replying to: jboehm (Aug 08, 2008 6:07 pm)
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Replying to: asylum575 (Aug 08, 2008 6:23 pm) 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.
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Replying to: jboehm (Aug 08, 2008 6:29 pm) 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 |
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Replying to: jboehm (Aug 08, 2008 6:29 pm) 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.
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Replying to: jfritsch (Aug 10, 2008 2:46 pm) 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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Replying to: ocautoseeker (Aug 11, 2008 12:41 am) Invoice values and advertised rebates and holdback frequenty don't reflect dealer cost. (especiallly on trucks) Frequent hidden cash and regional promotions etc, especially in august on slow moving vehicles. I don't price the trucks, the dealers do. Nor do I price drywall work, bricklaying, painting or anything else. Technically everyone's cost may be the same but that doesn't keep a few from sometimes underbidding the other significantly just to get the business to keep the lights on and employees paid during a bad month. Obviously putting enough bid requests out may smoke a few of these individuals out every month or quarter. Obviously suppliers selling at this price all the time will be out of business, but saying the price "can't" happen is silly. True cost is unknown. Getting 10-30 bids end of month from (actually suppliers of many things ) will smoke out the one out of 10 or so who are having a difficult month and may reveal 3 -4 or so eager ones really agressively underbidding one another to sell the car for a little profit or actual substantial loss just to rack up a sale. What it actually represents you won't know except it is the lowest price you could get within 100-200 miles which is all that counts. That 12 k can be had off a (inflated msrp) 39000 Ram all day (usually from feburary on) is old news for at least 5 years and no deal when the truck will trade in for 20000 (probably less) in 12 months if that. 13k off a silverado may be good stuff, 14k off a ram mediocre. Obviously trade in values are "average values". Varying by perhaps +-1500 or more around the average value. Many of these values have plummeted for trucks below published numbers recently because of the massive number of trade ins. Techinically a dealer with a substantial used lot should pay more than auction value, depending on their inventory, as they will sell it themselves. How effective you are in getting the maximum a dealer will let go of varies by the individual. Few know how to buy cars much less get maximum value for their trade. Technically mimimum difference owed to the dealer. Happy Huntin --jjf
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Replying to: jfritsch (Aug 11, 2008 4:53 am)
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