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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: 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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Replying to: rore (Sep 03, 2008 5:27 pm) If as you say the same pricing could've been gotten months ago I fail to see why you haven't bought a truck. You expect a better price or are you just a stroker? I seriously doubt you can get a better price than what's being offered with employee pricing and an additional $5K off. Dang it I've got to stop feeding the trolls. |
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I just picked up a 2008 GMC 4X4 Sierra yesterday. Priceas are as follows: MSRP 36255 Employee Pricing and rebates 9072.00 Additional GM Rebate I received through the mail 1500.00 Less Trade in $19500.00 7766.21 OTD
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Replying to: obyone (Sep 03, 2008 6:31 pm) I may buy a truck. I may not. That's up to me, not some salesman. Unfortunately for GM and the dealers, I don’t have too, and I’ve done my homework. There are other trucks to be had on the market. More importantly, I’m not going to fork over $20k+ just because someone tells me it’s a good deal. If that’s your case, I’ll sell you some ocean front property in Kansas for a “good deal”. |
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Replying to: catdaddy25 (Sep 04, 2008 7:05 am) |
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Replying to: rore (Sep 04, 2008 9:32 am)
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Replying to: tripper0567 (Sep 06, 2008 8:28 am) Its the dealer that dips into his numbers more to move an earlier build that gets my business. That- and usually I buy a base non-a/c truck(You know, the ones nobody buys from those screamer ads in the paper) I got mine. |
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Replying to: tripper0567 (Sep 06, 2008 8:28 am) Good luck --jjf I agree. The out the door price has not changed in months. It's another sales gimmick. Whenever GM comes out with employee pricing or cash back, they subtract that number off of your trade in. Out the door price is the bottom line. To GM's benefit, many people are not savy enough to figure that out. Then we wonder why were in a mortgage crisis! Smart buyers do their homework and can recognize the sales gimmick. |
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Replying to: rore (Sep 04, 2008 9:32 am) The price any given dealer pays GM for it's product is fixed throughout a given period. It's the rebates, bonus cash, dealer cash etc. that "sweeten" the deals. The bottom line is that the vehicles on the lot have already been paid for by the dealer (well, actually it's on loan through the captive bank, in this case, GMAC). The juice will start tickin' usually between 60-90 days depending on loan structure and terms specified. It's like any other loan, the bank wants it's money back! Simple economics tells you that... sell enough vehicles for less than what you've paid, you're gonna' go out of business. Car dealers are closing down in record numbers. The Ford, Dodge and GMC dealers right down the street from my home all closed down within 6 months of each other - yeah, they were obviusly making a killing! It just irks me when I hear people say that "employee pricing" is a gimmick. It's an incentive, so how is that a gimmick? Is a $5000 rebate a gimmick? No way! The emp pricing actually helps the dealer because the holdback money is what GM is subsidizing. Now, as opposed to a few months ago, you don't really need to haggle since GM is essentially "dipping" into the dealer's holdback "for you" and giving you that money. But, 3 months ago, dealers were dipping into their own operating accounts without help from the factory. Don't get me wrong, I'm a big proponent of getting a great deal, but when you've worked in the business and you know how things work, you understand when someone is being reasonable and when someone has absolutely no clue. As a dealer, I'm not gonna' make any money on the sale of my new inventory... why? Because we live in the free information age and an educated buyer knows what I paid. A savvy buyer probably has his own financing, so I lose there. A trade-in (if desirable) and aftermarket (finance products) are my only profit sources left. Sure, I'd love to sell you a vehicle for cheap, but it has to make sense. Even in rough times, unless GM keeps incenting me, my cost on any given vehicle is fixed. The number of "roll-over" customers is dwindling because even a soccer mom will jump on edmunds nowadays to get pricing information. Last thing... yes, there are some really scummy dealers - no doubt about it. However, if you act professional and courteous, you may just find that it will be reciprocated. If you walk into a delaership and act like an 'a-hole know-it-all' trying to prove something, I guarantee you're gonna' close the gap on your options. If you p*ss off enough dealers, pretty soon they'll blackball you and then you'll have no options left. You can be friendly,yet firm and still drive a hard bargain. Sorry for the rant guys (and girls), just trying to educate some of you since making a purchase should be fun and exciting, rather than having stories about what a moron dealer A was, or how stupid dealer B is, yada yada yada... The information you need to find holdback (for every manufacturer) is listed right here on Edmunds, as are rebates, bonus cash, lease and finance specials, and even marketing support monies. Good luck in your searches! Be sure and post the details. |
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