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You are in the Prices Paid - Buying & Leasing Experiences
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Chevrolet Suburban, SUV
#1 of 211 Chevy Suburban: Prices Paid & Buying Experiences
Dec 08, 2004 (6:45 pm)
Share your buying experiences - help others!
#2 of 211 Suburban Incentives
Sep 12, 2004 (10:13 pm)
Latest round of incentives (post 9/7/04) includes an additional $1,000 if financed through GMAC. Every dealer said the GMAC rate was 7.9%. They must be smoking crack because the $1,000 in savings is eaten up by just .75% over market rate (which is approx. 5.25%) over the life of a $30,000 loan. If you are bad at math that means any rate over 6.0% will cost you more than $1,000. What are they thinking? Anyways, one dealer told me to refi the GMAC loan right away - another dealer said you cannot payoff for at least 3 months. Anybody out there know the real scoop with the additional rebate and payoff penalty?
#3 of 211 Re: Suburban Incentives [sandman5]
Sep 13, 2004 (4:27 pm)
I've talked to two dealers on the extra $1000 after September 7. They both said you only have to finance $5000 of the purchase for one month and then can pay it off at the end of the month without a prepayment penalty. It sounded too good to be true, but two different places have now said exactly the same thing.
One of the dealers keeps putting out two $500 coupons for an extra incentive. Anyone hearing about this. Sounds like an extra carrot to the dealer to sweeten the deal.
Also, has anyone heard about the dealer "hold backs" referred to in message 36 above? I don't have a clue if October is going to be better. What happens to those 2004 vehicles if they don't sell? Do they go to auction or does the dealer hang on to them and keep cutting the price until they finally sell?
#4 of 211 Re: Suburban Incentives [osteo]
Sep 13, 2004 (8:10 pm)
When I was shopping another dealer for a price comparison the guys buying a car in the next stall said the other dealer they were at had $500 "factory" chips that the dealer could randomly use to sweeten a deal to move a vehicle. The sales guy acted like he never heard of it but the post above is the second time i heard about the $500 pot sweetners. They must exist.
#5 of 211 Considering buying a 04 or 05 Sub...Please Help!
Oct 18, 2004 (12:10 pm)
Here's the deal: 3 kids, and wife refuses to own a minivan. We do need the extra room - the durango just isn't cuttin it. I'm considering buying a new Sub or Yukon - either 04 or 05 - but am really hesitant b/c of what may be coming out a few years down the road. I've read in 2007 GM will come out with the hybrid Suburban..? So if I drop $40-45K on a new one now, then in 7 or 8 years go to trade it in, there's no market for it because there are new and used hybrids available...? Does it make sense to keep the durango and buy a rooftop Thule bin for packing luggage, then wait for the hybrid to be introduced? Or should i trade in the durango for a slightly used Sub....or do I just bite the bullet now and buy a new one that we'll keep for 7 or 8 years...??? Or...what about a lease?? I just don't know! Any advantages w/the 05s over the 04s?? Thanks!
#6 of 211 Bought a 2004 Suburban LT
Nov 29, 2004 (6:07 pm)
Last Saturday we picked up a new 2004 Suburban LT with Stabilitrack, rear airbags, convenience package, XM radio, DVD, 17 inch weels, etc for:
($7,000) dealer discount
(5,000) GM rebates
(1,000) GMAC financing rebate
(1,000) 2 x $500 GM certificates applied by dealer
(2,280) credit earned on our GM card
$31,880 price before TTL
Very painless deal - I was quoted the price over the phone and the car was waiting for us when we got there. Only surpise was that we still had to pay sales tax on the credit card earnings and some of the rebates. Could be a California issue.
Happy as a clam so far and my wife is happy that she finaly has a radio with reception where we live!!
#7 of 211 Re: Bought a 2004 Suburban LT [jakkals]
Dec 02, 2004 (6:06 pm)
Thanks jakkals for your info.
I am not seeing $7k discounts here in Minnesota but then our gas isn't quite as high in price here. Best I am seeing so far is $10,700 off retail with discount and rebate. I'll try a little harder this weekend.
#8 of 211 04 SUBURBAN DEMO
Dec 06, 2004 (5:38 pm)
I NEED A NEUTRAL OPINION. LOOKING AT AN 04 SUB DEMO WITH 10K MILES. LT PREF EQUIP PKG, 2ND ROW BUCKETS REAR SEAT ENTERTAINMENT, LIFT GATE GLAS AND SAFE AND SECURE PKG ADD UP TO $47, 705 (INCLUDES $1000 PREF EQUIP SAVINGS). DEALER HAS OFFERED A "TAKE IT OR LEAVE IT" PRICE OF $38,800. tHIS DOES NOT INCLUDE A POSSIBLE $5000 REBATE BECAUSE IT IS FOR MY MOTHER IN LAW AND SHE WILL LIKELY FINANCE IT AT 0% FOR 4 OR 5 YRS. WHAT ARE YOUR THOUGHTS???
#9 of 211 Re: 04 SUBURBAN DEMO [suburbman]
Dec 08, 2004 (11:39 am)
I'd also think long and hard about taking the 0% financing over the $5,000. When I did the math for myself a week or so ago the $5000 was worth a lot more than the present value savings of the 6 year 0%. Something like a $2000 gap. Just calculate the payment numbers on $33,800 with the best interest rate you can find for your mom and compare it to the payments for the $38,800 at 0%. I think you'll be surprised.
#10 of 211 04 SUBURBAN DEMO by suburbman
Dec 07, 2004 (9:35 am)
First, you undoubtedly don't mean to be rude, but you need to know that all caps is considered shouting online. Plus it is simply a lot harder to read, discouraging those whom you hope will answer.
I've not studied the numbers lately, but I can tell you to be really sure about the possible $5,000 rebate not being included. Dealers are really savvy and, unless they specifically stated (and maybe even if they did! -- some are very low indeed) that the $5,000 rebate was not included in their figures and that it could still be taken off, then they have almost certainly taken it off of any "take it or leave it" price they have offered.