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Looking at buying a 2016 Silverado LT Z71 All Star package

Medic502

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Medic502 Enthusiast

Medic502

Posted
Posted

Any advice on this purchase... Has 35000 miles... 5.3 and $32000 is as low as I can negotiate.

Any serious issues that I need to be aware of.

I am reading the forums and learning a lot.

I would appreciate any advice from the forum members. Thanks5ed82359b81c1586f72d88a3a7ec2528.jpg

 

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Mike GMC Enthusiast

Mike GMC

Posted
Posted

seems too high.  I just bought a 15 Sierra SLT All Terrain (equivalent to a LTZ Z71) with less miles than that one for closer to 30k from a dealer.  If this is a private sale, you should be able to do a bit better.  Check NADA and KBB for the private party sales value.

Mike GMC Enthusiast

Mike GMC

Posted
Posted

It appears to be pretty well optioned.  If you are happy with the price, that's all that matters.  If that's what you want, go for it.  What did NADA say was the private party value in your area?

Colossus Senior Enthusiast

Colossus

Posted
Posted

test drive the heck out of it, make sure no vibrations above 50, 60, 70 MPH.  Make sure the tranny shifts smooothly.  If good on both then it might just might be worth it. 

Medic502 Enthusiast

Medic502

Posted
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It appears to be pretty well optioned.  If you are happy with the price, that's all that matters.  If that's what you want, go for it.  What did NADA say was the private party value in your area?
Kbb was 33927...Haven't looked at NADA yet... Also it is a crew cab.

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Medic502 Enthusiast

Medic502

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Kbb was 33927...Haven't looked at NADA yet... Also it is a crew cab.

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Here is NADA... I was thinking and offered 31000...but wanted 33 and agreed to 32.51d786387496d21c8d1036ad11ca5623.jpg

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a_salazar08 Enthusiast

a_salazar08

Posted
Posted

The truck definitely looks well-equipped and well-maintained (from the one picture). It does seem a tad too high. 

 

I personally wouldn't pay a cent over $30k for a truck with 35k miles from an independent seller. There is a lot of risk you take with this type of purchase. Keep steady and I'm sure the guy will budge. There is a reason that he's getting rid of it and he will be willing to go down a little because selling personally is tough.  

martha3065 Enthusiast

martha3065

Posted
Posted

OP, how much more would it be worth to you to get a new one? A nationwide search on Cars.com yielded several similar optioned higher MSRP trucks at list prices under $40K. Leather in an LT does limit those available but I did see a blue one with leather under $40K. You could get one with cloth and have leather installed. Interest rates are often lower on new, so you could have leather put in with the savings difference over the term of a loan, assuming you are borrowing.

 

Looking at the front plate, is this a small independent dealer? If so, what's the back story on how they got it? A vibrator from auction? You would have a bit of 3/36 warranty left but not much. At that price and if not buying new I'd rather buy a CPO and have extended warranty.

 

Just my $.02

 

 

Medic502 Enthusiast

Medic502

Posted
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OP, how much more would it be worth to you to get a new one? A nationwide search on Cars.com yielded several similar optioned higher MSRP trucks at list prices under $40K. Leather in an LT does limit those available but I did see a blue one with leather under $40K. You could get one with cloth and have leather installed. Interest rates are often lower on new, so you could have leather put in with the savings difference over the term of a loan, assuming you are borrowing.
 
Looking at the front plate, is this a small independent dealer? If so, what's the back story on how they got it? A vibrator from auction? You would have a bit of 3/36 warranty left but not much. At that price and if not buying new I'd rather buy a CPO and have extended warranty.
 
Just my $.02
 
 
This truck belongs to a local guy and he purchased from this dealership H&H.
Maybe I need to look around in the area more. I am in SC about 60 miles south of Charlotte and for a 2016 Crew Cab with 5.3 and leather I just haven't seen one much cheaper.
Interest rate I am getting is 2.9% at a local credit union.
This is a big purchase for me (trying to save around 10000 vs the cost of a new truck) and I will do some additional research this morning before making my final decision.

Thanks again for all of the replies.

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martha3065 Enthusiast

martha3065

Posted
Posted
This truck belongs to a local guy and he purchased from this dealership H&H.
Maybe I need to look around in the area more. I am in SC about 60 miles south of Charlotte and for a 2016 Crew Cab with 5.3 and leather I just haven't seen one much cheaper.
Interest rate I am getting is 2.9% at a local credit union.
This is a big purchase for me (trying to save around 10000 vs the cost of a new truck) and I will do some additional research this morning before making my final decision.

Thanks again for all of the replies.

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If you're not set on color, here's one in Lexington with leather for $35K. My point is, if you look around you may get close to the price you're at for the used one. If you're open to a Sierra and a drive, look at Laura GMC in St Louis.

http://www.rodhatfieldchevy.com/VehicleDetails/new-2018-Chevrolet-Silverado_1500-Crew_Cab_Short_Box_4_Wheel_Drive_LT_Z71-Lexington-KY/3063070803
Medic502 Enthusiast

Medic502

Posted
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If you're not set on color, here's one in Lexington with leather for $35K. My point is, if you look around you may get close to the price you're at for the used one. If you're open to a Sierra and a drive, look at Laura GMC in St Louis.

http://www.rodhatfieldchevy.com/VehicleDetails/new-2018-Chevrolet-Silverado_1500-Crew_Cab_Short_Box_4_Wheel_Drive_LT_Z71-Lexington-KY/3063070803
Thanks...I wish that was within a couple hundred miles.

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aseibel Senior Enthusiast

aseibel

Posted
Posted

I bought basically that identical truck in 2015 and couldn't be happier with it.

 

At that age and price, it is in the ballpark for a reasonable price. That's what used trucks are being listed at around Green Bay, WI. (I never bothered negotiating so I don't know how low they actually sell for) Sure, you can hunt down a couple for less than that, but you also have to factor in your time and travel to get to St Louis. 

 

Now the real question is whether that price is acceptable to you. Like you, I began searching 3 years ago for a lightly used truck thinking I would save some money, but I quickly learned that the used truck market is not in our favor. I ended up buying brand new for something around $5000 more than the used trucks I was seeing on the lot. I suggest you research your "out the door" costs for both this used one and a similar brand new one at your local dealer. Then you can think about the value of the full warranty and having a new truck that wasn't beaten on by someone with a lease.

 

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