Used 2024 Sierra 2500HD AT4

tonto340 · November 6, 2023

How much should a used 2024 Sierra 2500HD AT4 with 5900 miles sell for? It is Volcanic Red Tintcoat and has the AT4 Premium Plus package which includes the AT4 Preferred package and the Technology package and has the power steps. The MSRP for a similar vehicle is now $87,200 but was $86,380 when the truck was originally sold in June. I've always heard that a vehicle lost up to 20% of its value when it was driven off the lot. The dealer that took this one as trade is asking $87,999. I think $75K for a this truck is fair. What do you think?

Another JR · November 6, 2023

Try to find out how long they’ve had it. Look carefully at the stickers on it and on their web page and other ads and you should be able to find out. If they’ve had it more than a week then numerous people have seen their ads and are passing on it at that price. Priced right it would go in days.

With order wait times back down to about 3 months, that dealer is pushing it and just hoping to get an impatient customer. That’s one approach to car sales, and it might work for them here, but with interest rates so high they need to move stuff. I think that is one of the less popular colors, as well.

Your $75k would not be an insulting offer, although they might act like it is. Make the offer you think is fair (I have no idea what’s fair because I haven’t done the research, but new msrp plus isn’t fair in the current market). When they initially say no just give them your phone number and walk out. They’ll call you back within a few days if it hasn’t sold. If it does sell, be glad your weren’t the one who paid over new msrp for a used truck.

newdude · November 6, 2023

3 hours ago, tonto340 said:

How much should a used 2024 Sierra 2500HD AT4 with 5900 miles sell for? It is Volcanic Red Tintcoat and has the AT4 Premium Plus package which includes the AT4 Preferred package and the Technology package and has the power steps. The MSRP for a similar vehicle is now $87,200 but was $86,380 when the truck was originally sold in June. I've always heard that a vehicle lost up to 20% of its value when it was driven off the lot. The dealer that took this one as trade is asking $87,999. I think $75K for a this truck is fair. What do you think?

I wouldn't be surprised if they are in it what your "thinking" price is, if not more. They probably gave the person who traded it somewhere between 77-81K.

Could you talk them down from the over MSRP they are asking? Sure. Will you be able to talk them down towards 75k? Unlikely.

I know there is lots of grumbling out there about how the market is "coming down" and new inventory is up, and ordering is flowing better, but it still hasn't quite trickled the effects all the way down. Plus many places bought there used inventory high to begin with now as well.

Edited November 6, 2023 by newdude

tonto340 · November 7, 2023

Thanks for the info.

It appears this truck was traded in for a Genesis vehicle after 4 months of ownership by a corporation.

The dealership has the original window stick posted in their "Auto Ipacket" about the vehicle so they know what the original MSRP was. Yet they have a retail price of $91,250 posted on their website.

kylant · November 8, 2023

sounds like a shady dealer.

dealers around here were pulling that crap.

i was in the market for a new truck, they low balled me on my trade, then added mark-up to the msrp. trucks were selling pretty fast at that time.

i think those days are sailing away.

that same dealer is now sitting on many new trucks for less than msrp.

i would not even entertain a used truck unless there was a significant discount off the original msrp

kevin74 · November 8, 2023

May not be relevant, but I know a lot of banks will finance a car with less than 7,000 miles as a "new" car instead of financing as a "used" car. I have no idea what a fait offer would be - just throwing some more information your way.

Pryme · November 8, 2023

On 11/7/2023 at 6:24 AM, tonto340 said:

Thanks for the info.

It appears this truck was traded in for a Genesis vehicle after 4 months of ownership by a corporation.

The dealership has the original window stick posted in their "Auto Ipacket" about the vehicle so they know what the original MSRP was. Yet they have a retail price of $91,250 posted on their website.

A “corporation” that thought they needed a heavy duty pickup with fancy options than realized they needed a Hyundai? Yeah I’m gonna call bs on that. Likely it’s some business owner playing funny for write offs.

tonto340 · November 9, 2023

Thanks for all the comments.

I checked out the truck today. The young lady assisting me said that the previous owner's wife didn't like riding in the truck so they traded it in for a Genesis SUV. It hasn't been cleaned yet and there was trash i the cab and bed.

I won't touch it till they go below 75k if then.

BuckWallace · November 10, 2023

5 hours ago, tonto340 said:

Thanks for all the comments.

I checked out the truck today. The young lady assisting me said that the previous owner's wife didn't like riding in the truck so they traded it in for a Genesis SUV. It hasn't been cleaned yet and there was trash i the cab and bed.

I won't touch it till they go below 75k if then.

Ha, I'm sure the lady assisting you didn't make that up... Kind of a big switch from a diesel HD truck to a Hyundai (isn't a Genesis an older sedan model?).

gregus73 · November 10, 2023

Odd to get a HD truck and not like the ride of it. I would only get a truck like this for a purpose. For example, I tow my boat, my 2 German Shepherd dogs, and load my truck bed full of cargo when going back and fourth to my cabin.

Edited November 10, 2023 by gregus73

KARNUT · November 10, 2023

35 minutes ago, BuckWallace said:

Ha, I'm sure the lady assisting you didn't make that up... Kind of a big switch from a diesel HD truck to a Hyundai (isn't a Genesis an older sedan model?).

Genesis is its own brand now still made by Hyundai. My wife’s car is a Hyundai genesis. Now they just say Genesis.

BuckWallace · November 10, 2023

3 hours ago, KARNUT said:

Genesis is its own brand now still made by Hyundai. My wife’s car is a Hyundai genesis. Now they just say Genesis.

Ah, gotcha, it's Hyundai's luxury brand. Thanks for the clarification!

Silverado4x4 · November 10, 2023

3 hours ago, BuckWallace said:

Ah, gotcha, it's Hyundai's luxury brand. Thanks for the clarification!

Just like Lexus is a Toyota Infinity is a Nissan and Acura is a Honda.

Dunn · November 11, 2023

On 11/6/2023 at 12:00 PM, newdude said:

I wouldn't be surprised if they are in it what your "thinking" price is, if not more. They probably gave the person who traded it somewhere between 77-81K.

Could you talk them down from the over MSRP they are asking? Sure. Will you be able to talk them down towards 75k? Unlikely.

I know there is lots of grumbling out there about how the market is "coming down" and new inventory is up, and ordering is flowing better, but it still hasn't quite trickled the effects all the way down. Plus many places bought there used inventory high to begin with now as well.

agreed, they bought it for more than 75k....they aint selling it for cheap at least not for quite awhile......bought and sold trucks thru this whole crazy time last few years......used trucks are still expensive, its the reason new is almost better way to go.....while its correcting we arent there yet, and this being a new model......they will hold out for as long as they can.....if you could get it for 80k that would be a good deal imo......lowest is maybe 82-83k

but if you dont ask youll never know.......need to play the waiting game, give em your info and price your willing to pay nd walk.....they may or may not call to negotiate

this is the game, in meantime look for others.......ive let more than a few get away but also scored on a couple, just the way it goes......take emotion out of it best you can

good luck

tonto340 · November 11, 2023

I'm not willing to pay MSRP for any truck after seeing that a GMC dealership in Tampa takes approximately 10% off of all new vehicles it sells. Of course some of their fees eat at that 10% but the price is still better than most.

As far as tis particular vehicle goes I can wait. I'll see what price they try to sell it for at the end of the year or January when they're not selling vehicles because everyone is paying off Christmas debt.