New Sliverado Pricing

[gmhunter]

I just got a price from a dealer for a new truck and was wondering what the crew out here thought about it and have seen themselves. The truck is:

 

2003 2500HD Silverado LT

Crew Cab

Duramax/Allison

All options except DVD player

Dark green color

 

Quoted price = $40,250

Invoice from the internet = $40,150

 

Equal or less than invoice, seems pretty good to me. Also still have the newly announced $3,000 rebate on top of that.

 

What do you guys think? Thanks in advance for your input.

[Tucson_02Silverado]

Not a bad price.  Depends on much more you want cut as opposed to other throw-ins.  Bedliner? Most dealers automatically put them in, but if you wanted a spray in instead, ask for it no charge.  Plus check on them throwing in the DVD player.  They probably still have some in the parts warehouse from a GM promo earlier this year being free on the Suburban and Tahoe/Yukon.  It's a buyers market, so invoice plus a couple throwins should be no trouble what so ever.  You can always tell them there are plenty of other dealers and one of them will take YOUR deal.

 

Dealer's still make 3% on the back side of MSRP from GM, plus the invoice has an automatic approx $600 for marketing

[Shaners]

Sounds fair to me.  

 

Their is a 3% holdback as stated before so the dealer will still be making some money.  That 3% is off of the MSRP sticker and not the invoice, and it is a check that GM sends the dealer if he sells the vehicle with in so many weeks...  I think that since you are within $100 of invoice you have cut a good deal.

 

If this is a "cash" deal and no trade-in than it should be cut and dry.  However if you were to show up with something to trade at that price be prepared to bend over!!!

[Wormburner]

I just took delivery of a 2003 Dmax yesterday.  What a fantastic vechicle.  Anyhow, while looking throughout the area a local dealer was selling it for $500 over invoice.  I found another dealer in another state who would sell one on the lot, or one ordered to your spec. at $1.00 over invoice so I ordered from him with an est. deliverery date of late Jan.  The trade-in offer was for $700 under the NADA average.  I was satisified. MSRP was $42,054, and invoice was $37,344.  Both verified by Edmunds.com. However, in late December when the zero interest for 36 months, and the additional $1000 was announced I contacted the dealer and told him that as a result of the rebate/zero financing that I would  lose $4,600 through financing/rebate as a result.  He tried to find another truck but did not have any luck so he told me not to worry and buy the one at $500 over at the other dealer.  When I had originally ordered the truck I didn't have to sign anything, nor put anything down.  I thanked him for his kindness and went back to the first dealer.  Because the end of the year was fast approaching, and the dealer knew that I was also looking elswhere, he knocked off the $500, and gave me $250 more my trade in.

 

I feel very fortunate.

[TxDoc]

Check Edmunds for incentives. I ordered a truck a few months ago and beside the agreed to price, I got $5,000 in incentives. I believe 2003 H2 Hummers are offering $20,000 off.

 

You can go price trucks at:

 

You can go to:

 

http://www.agstar.com/leases/chromecarbook.shtml

 

http://www.kbb.com

 

http://www.carsdirect.com/home

 

http://autopedia.com/html/MfgVhl.html

 

http://www.edmunds.com

 

http://www.redbook4autos.com/home.html

 

 

Read this info on buying:

 

http://www.edmunds.com/advice/buyin...91/article.html

 

 

An allocation to a dealer is like inventory to a store. They know what it means.

 

Read what Kelly Blue Book price means:

 

http://www.edmunds.com/advice/buyin...41/article.html

 

and, browse here for general info:

 

http://www.edmunds.com/advice/?id=lin9009

 

 

IF you are dealing with a large dealer---they will have a "fleet sales manager". Usually, he gets a salary. He can sell you the truck the cheapest. A "salesman" has more vested in each sale. I went thru the sales manager, as I knew him.  Read the info from this site:http://www.carbuyingtips.com/ It is very good--the first heading of Buying a New Car.

[DanaliHD]

I bought my 2002 Crew cab in august and got it for $1000 below invoice, plus there were $3000 in rebates.

[Larry]

Invoice, invoice, invoice, below invoice…..?% hold back, blah, blah, blah.   More Internet fallacies.  

 

 

Believe me, you will never actually know what the dealer actually paid the mother ship for your rig nor what factory to  dealer incentives were available at the time of your sale as this info does not have to be disclosed to customers.

 

How do you know you scored the truck below invoice??? Did you see the actual invoice?? Do you know how to interpret the invoice even if you saw it???  99.9% chance says your salesman doesn’t even know or could even interpret an invoice if it slapped them in the face….that is why they always walse over to the F&I guy to talk over your deal.

 

You can surf this web site or that ever dot com you want but you will never actually know what the dealer paid for your exact vehicle nor what their profit is which is a good thing in my opinion. Invoice is just an arbitrary word in the sales side of the automotive industry.   The nomenclature of invoice is only a spot on a piece of paper and believe me that is NOT what the dealer pays....doesn't matter if your talking GM, Phord, DC or even a Toyota.   Not that I am in the business to defend dealers, but to bring you all into reality, do you really think dealer’s can run a business, cast major radio adds, pay 7 to 15 bucks a day floorplan (interest) on each vehicles on the lot and still sell them below invoice??? No way! Who are you kidding?? But at the same time I will tell you the dealer’s portion of each vehicle that rolls off the lot is much smaller than you all think. The real profit comes in with percentage cuts from financial institutions and extended warranty companies and used car sales.    

 

How many of you that claim to purchase trucks under invoice actually have a copy of the invoice in their possession??  That is right…No one.  So stop this, I got my truck ???$ below invoice bs.  

 

From the inside, my best word of advice is deal on interest and trade in.  If you can score a rig for 0% interest you are getting a good deal no matter what story the salesman is telling you on invoice price, out the door price, adjusted to manufactures suggested retail price, etc.  As far as trade in value, you the smart consumer are only in control of that.

[DanaliHD]

I guess we should all contact you the next time we want to buy a new truck.  Thanks Larry.  

[99silveradoz71]

Indeed, it's all a numbers game.  Raise or lower 1 to make another number look good- trade in vs. sticker price, etc.

[Stepside Z]

I agree it is all a numbers game. The reason I bought a Ford was because No GM dealer within 100 miles would work with me. I stumble into a Ford dealership the day after a Thanksgiving and low and behold a week later I am driving a new truck. Go Figure.