possibly a deal too good to pass up

fedmogul89 · July 26, 2016

I recently have been in contact with a GMC dealership that has a 2016 GMC Sierra 1500 SLE Z71, Double-Cab, in Blue. Not only is a z71 rare in a double-cab, so is the 6,000 rebate, plus another rebate, and my supplier discount. Basically the truck will be 35,550 with all of that factored in. The salesman is running the exact numbers so he can give me a 100% certainty, but he is saying that my payments shouldn't be but 20 dollars more. Even with my negative equity. It has the 5.3 EcoTec, backup camera, large screen, tow hitch, and overall a lot of the same things my LT has. It also already has a bedliner. Do you think this deal is too good to pass up?

cbrsilv15 · July 26, 2016

Sle for gmc is identical to LT for Silverado. If it's right for you, get it.

Silvern Sentry · July 26, 2016

Tell him if he wants to make the sale you want the LED headlamps installed for that price. Promise you wont regret it. See if they go for it! I am never a fan of trading in on negative equity but that is your call depending on your previous financial terms. ie) easy to be negative if you took an 84 month finance.

Also SLE and LT not identical. GMC is basically more 'base' where Chevy is more options. Apply the same options then yes close enough with some minor body difference.

newdude · July 26, 2016

Tell him if he wants to make the sale you want the LED headlamps installed for that price. Promise you wont regret it. See if they go for it! I am never a fan of trading in on negative equity but that is your call depending on your previous financial terms. ie) easy to be negative if you took an 84 month finance.

Dealer won't do that as GM does not support such a swap...

Silvern Sentry · July 26, 2016

Dealer won't do that as GM does not support such a swap...

This possibly, which is unfortunate.

fedmogul89 · July 26, 2016

Well I'm certainly upside down on my Silverado as i only have had it since January. But i am seriously considering the trade. As i pay weekly(direct deposit) i would only be paying no more than 20 more a week. But i have a lot i need to think about with that truck

kp52 · July 26, 2016

You already have 7-8 months of payments in that you will have lost. Plus make sure they arent hanging a year on the loan term you already have to make the payment lower.

If you are upside down now you will be even more upside down trading a less than a year old truck in. Not preaching but you will be ahead keeping what you have in the long term.

Silverado Steve · July 26, 2016

So let me get this straight, you're upside down now and you want to trade in for essentially the same truck you have now but a different color for $20 more a month? No wonder you are upside down now. Being financially responsible the sensible answer is "no". Being reckless and carefree the answer is "yes". You decide what camp you want to fall in.

Badass69 · July 26, 2016

Who cares about the payments... I'm assuming the term starts over again and you just threw the money away you already paid on the truck you have plus whatever you are going negative. No... just pay off what you have first.

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Havvkeye · July 26, 2016

I have to agree - if the truck is very similar it is not worth the extra term length and $80 a month.

dave07 · July 26, 2016

I don't even think that is a good deal for a double cab...my Crew Cab LT was about 35K with 20% off and a private offer...

Boardmember · July 27, 2016

I'm with the "skip this one and you'll be glad you did" group. You've chunked 6 months payments and adding $80 more each month. It looks like you're in a truck that you should be proud to drive (I'm Iridium, so you know I like that color) and the only real dif will be that the blue GMC smells new.

You can buy a can of that for less than $10. It'll last a while too.

Hang tight. That's my vote.

fedmogul89 · July 27, 2016

Well guys after doing some math and finances with x amount of money down, my payments would actually he less weekly. It's just hard to swallow throwing 6 months of payments away. The only plusses i can think of for the sierra are: Z71 suspension(granted I'm sure there are A LOT of mixed feelings about that), the already-sprayed bedliner, and a 3.55(or 3.73, cant remember 100%. It's one or the other) gear ratio, and a slightly nicer interior(granted there isn't much difference). My truck only sports a 3.08 ratio. Which, obviously, is amazing for gas mileage, lol. If the loan committee approves it, I'm going to have a serious discussion with the salesman, and I'll have a lot of thinking. The blue is a lovely color, but so is my Autumn Bronze(probably one of the few people who think that, lol.)He also said they would thrown in the black GM nerf bars which he will he getting off of a 2015 GMC sierra 1500 all terrain

kp52 · July 27, 2016

What was the msrp of your truck and the new one? Dont even look at payments. What are they giving you in trade for yours and what are they selling the new one for including the dealer 'doc' fee if there is one (taxes license fees dont really count). From there its simple math. If the new truck msrp is 4-5K more and you adding another 6 months of payments you are getting a great deal. If msrp was about the same you are losing whatever you already paid, but you will be getting in a new truck you want more.

Its your money and its up to you, I have sideways traded and lost my ass a few times on new cars and trucks but in the long run I was happier driving what I really wanted for a few years instead of hating what I was driving.