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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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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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Replying to: ocautoseeker (Aug 23, 2008 6:50 pm) I care little how the dealers were coming up with those numbers 3 months ago, especially since “These figures are really none of the customer's business”, all I care about is price out the door. Compare all the dealer incentives you want, call them what you want, argue between each other about which and how many you get. I don’t care if you get 5 “dealer incentives” and I “only” get one, bottom line for me is price. |
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Replying to: rore (Aug 25, 2008 6:15 pm) 2008 Silverado 1500 2wd ext cab LT1 w/ Ca pkg and 3.73 rear axle. MSRP: $29,210.00 Invoice: $27,203.18 Emp Price: $26,071.98 (invoice less holdback and national ad fee) Selling Price: $25,295.91 Doc Fee: $55.00 Tax: $1,960.43 Gov't Fees: $405.75 Rebate: $5,000 OTD: $22,717.09 Net discount: $8,914.09 The selling price was based on an additional $440 dealer cash (my vehicle qualified), then negotiated off the 2nd ad fee of $282.65 (the regional). Happy to be back in a Chevy! |
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Replying to: rore (Aug 25, 2008 6:15 pm) Regardless of what a dealer's true cost is, you and I will never know, as it entails a lot more than just what the dealer cut a check to the manufacturer for. However, I have seen many factory invoices in my day and when they remit the check to any given factory, in this case, GMAC, they do pay the total invoice, which includes the holdback and advertisng fees. Now, when the manufacturer "incents" the vehicle, i.e. rebates, bonus cash, dealer cash, what have you... pricing will get better. With employee pricing, the manufacturer has, once again, incented the deals by giving every customer invoice minus holback and national ad fee. But, the reason why your quotes are still the same is because the rebates have not increased, and the fact that dealers dip into their HB's all the time, especially in a competitive market, your selling prices would have been roughly the same 3 months ago to present day. If on Sept.3, GM raises the rebate to say, $6000, then your deal would get sweeter by $1000 (assuming $5k currently). Giving someone invoice less the holdnback and ad fee is certainly not a gimmick. The only other way to get more money out of that is to utilize any marketing support (currently $440 on models before a certain build date) and to have the dealer relinquish his regional ad fee (seperate from the national fee that GM already waived in the emp price). Or, you would need to find a dealer who can sell the vehicle for a loss and make up for it somehow, i.e. volume bonus, finance credit, etc... I basically got a net $9k discount on my Silverado (see above post), and I'm very happy with that. Good luck with your search.
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