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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
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I’ve been in search of a fully loaded 2008 Silverado 1500 Ext. Cab Standard Box LT1 4x4 Drive for about four months now. I sent out multiple quote request out three months ago and got a price range of $24K-26K. Around the same time a friend of mine purchased one for $24K. Now, with the “employee pricing” around I decided to send out quote request again. Surprise, surprise, the price range was once again $24k-$26k. After looking around at other post, it seems to me that the focus is on how many rebates, cash back, and dealer incentives one received and not the out the door price. This seems to me a poor way to shop around for a vehicle. I could care less about which, how many, and the names given to dealer incentives I receive, bottom line for me is price. Anyone else shop that way?
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Replying to: rore (Aug 22, 2008 10:32 am)
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Replying to: dlandrum (Aug 22, 2008 12:13 pm) A 31000 08 trailblazer has a 12000 trade in value in its 07 version (kbb.com). The other books put it 5000 higher but the pie in the sky starting asking prices for most used ones around here are about edmunds $17000 trade in. The kbb value is probably closer to right. Without about $15000 off the TB is a joke. Good luck --jjf |
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Replying to: tripper0567 (Aug 21, 2008 9:46 am) I got an email from a salesmanager Thursday in regards to the pricing (remember the dealer that tried to snake me with the higher price when "Loyalty Money" was the new hook back in April? Asked me to check out the Employee price now on their Website. Guess what- they played with their prices so much it was actually higher now than back in March. And dirty me, I let them know one of their trucks was priced wrong. Didn't say exactly which one. Made them audit their site.They figured it out eventually and let me know its "fixed" Still 2 grand too high. I found one 2 grand cheaper down the street. Delivery on Monday. |
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| want to stop the sales pitch in its track, offer to pay todays price no questions asked, as long as they will throw in a two week price guarentee. Plenty of inventory out there, think I'm going to wait until after the 2nd and see how they twist up the price then. most of the dealers are with in $500-$700 of what I'm willing to pay, I'll get it when there are some 09's sitting on the lot. | |
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Replying to: dlandrum (Aug 22, 2008 12:13 pm) Think I'll wait till the end of the year. |
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Let me clarify "employee" pricing with GM. First, it's not a gimmick. It's invoice minus the holdback and the ad fee. Then, whatever rebates and/or bonus cash is available will be applied for your "net" discount. Now, if there is "trunk money" 'aka' marketing support/dealer cash, then that can be negotiated in, if the dealer is willing to give it to the customer, which most will, especiallly in these times, and to remain competitive. One of the main reasons you are not seeing a huge difference in your quotes is because even w/o the "employee pricing", dealers were already dipping into their holdbacks and eating those regional ad fee to be competitive when they're sending you those e-mail quotes. From a cost perspective, on paper, they are selling you the vehicle for "cost", however, and I've mentioned this before, but only Chevy and the owner of each individual dealership knows his true cost. His cost involves so much more than just the price he paid for his vehicle (overhead, sales comissions, etc.). These figures are really none of the customer's business, but if a dealer can hit his numbers based on profit from other vehicles, and/or volume and misc bonus', he may sell you the vehicle for even less, but those are the deals that need to be timed just right, and the right person in the dealership needs to be dealt with to get these rock-bottom prices. Not all dealer's are equal and not all of their pay plans are the same, which is why one guy will do what it takes and one guy will tell you that he's got no more room. The spread between invoice and msrp on vehicles these days is a joke, but this is how the manufacturers' have responded to having their "invoices" splattered all over the internet. The bottom line: GM employee pricing is a great deal, but like anything else, if supply continues to exceed demand, you will see more incentives from the manufacturer's side because the dealer is (in most cases) tapped out on what he actually was billed for the vehicle.
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Has anyone tried to negoiate off of the GM employee pricng to get it even lower that what it is?
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have had one dealer tell me he could go $500 under employee priceing plus the rebate. last week wallstreet journal article said the employee price with gm should be 10% under invioce, and that there was an additional 5% holdback for the dealer. most will sell for a 2.5% profit, other dealers are offering free oil changes, free gas, so there is some wiggle room, might just have to get creative on how and when you save.
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Replying to: dlandrum (Aug 25, 2008 3:40 pm) Does GM actually control the minimum sales price of a unit? I would think a new 07 would sell for a few thousand less than a new 08. What happens to the leftover 07's: Fodder for a drunken sailor on shore leave? Owner's nephews "permanent loaner"? Funny numbers on a trade deal? Permanent back lot parking to save face? What's your bet on Sept 3 prices on 08? Any Central/East Coast Florida dealers you can recommend? Is there more "fat" in a LTZ than a WT, (there must be, reason says, at least at the factory level)? Thanks, Skip |
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