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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: 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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Replying to: ocautoseeker (Aug 23, 2008 6:50 pm)
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Replying to: catdaddy25 (Aug 25, 2008 8:14 am) |
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Replying to: jchevrolet (Sep 03, 2008 12:28 pm) So sure, you can throw out the “most situations” tag and cover your angle, but dealers are still spewing the same ole shtick. News reports are in that sales are still abysmal (GM reported that sales tumbled 20% from year-ago levels), but they did get quite a few suckers in the door with the “employee pricing” gimmick. (In fact, August turned out to be GM's best month this year. The company sold 307,285 vehicles thanks to a popular "employee pricing" incentive program which allowed any buyer to get a vehicle for the same cost as a GM employee. That offer, in place for the last third of the month, has been extended into September.) These same prices could have been had months ago. Auto sales plunge
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