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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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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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Replying to: z71redneck (Aug 21, 2008 5:04 pm)
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Replying to: ocautoseeker (Aug 25, 2008 10:38 pm) Sorry to sound curt. I hate dealing with car salesmen (persons). Especially with the kind of emails I’ve had in the past few days from them. You just can’t tell them “No Thanks” without some of them responding with some very insulting comments.
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Replying to: rore (Aug 26, 2008 7:11 pm) I was never like that - if I could do something I would, if there was no chance of accomodating someones offer, as unrealistic as it may have been, I'd politely tell them I couldn't and wish them luck in their search, but would never be rude or insulting. Afterall, I didn't makle any money if I didn't move some iron. I hope you find a truck soon. If you're in Socal, I've got the right dealer for you. |
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Replying to: erikheiker (Aug 26, 2008 12:11 am) |
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| I am just curious as to when most dealers learned of when the employee pricing was going to start. Does anyone have a feel for this? | |
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