Is this a good price?

jaslo · December 5, 2004

Just bought a used 2004 chevy silverado LT, ext cab, 5.3 V-8 with 30,000 miles for almost $22,000, The retail price was 28,000. Has the leather, onstar, 17 inch wheels, pretty well loaded. Really its my fiance's pickup, but she is worried about it being a lemon because they sold it so cheap. Do you guys think its a good deal? and should I be worried about it being a lemon?

gixxer · December 5, 2004

i would have my local dealer run the VIN and see what and any work done on the vehicle and also I would have my insurance agent run the VIN also and see if any insurance companies have ever paid out on any losses on that vehicle.

mcreyaufmiller · December 5, 2004

Go to kbb.com and check the value of the truck. They will give you values by your zip code.

The same truck can be worth different ammounts in different parts of the country.

jaslo · December 5, 2004

We did go to KBB website before we went there and retail was shown at $28,000 and the dealer we bought the truck from gave us the carfax which is post to have all the history I assume. My Fiance is just a little paranoid though. What do you think?

mcreyaufmiller · December 5, 2004

We did go to KBB website before we went there and retail was shown at $28,000 and the dealer we bought the truck from gave us the carfax which is post to have all the history I assume. My Fiance is just a little paranoid though. What do you think?

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If the carfax showed clear, then you should be in good shape. Carfax will buy a vehicle back if there is any problem that they did not have on the report. I would go to the insurance company and ask them to run a history on the VIN though. Maybe the dealer just stole the truck from someone else and wanted too much for it. You came along and were interested, they sold it to you. A common sales tactic is to "box the trade" which means that they are not giving you full value of your trade in. When they do this, they can make it seem like you are getting their vehicle for less, when they are just giving you less for yours. Hope this makes sense.

intruder217 · December 5, 2004

What's it matter if you've already bought it?

100R1 · December 6, 2004

2004 Chevrolet Silverado 1500 LT Ext Cab 4D

UVC: 2004160756

MSRP: $32,235

Loan Value: $19,620

Model#: CC15753

Price Incl: AT AC 8CY

Mileage Cat: C

Black Book Retail as of 11/29/04

Extra Clean Clean Average Rough

Base $25,725 $24,725 $22,725 N/A

Options $0 $0 $0 N/A

Mileage ($1,075) ($850) ($625) N/A

Total $24,650 $23,875 $22,100 N/A

Black Book Trade-In as of 11/29/04

Clean Average Rough

Base $21,630 $20,300 N/A

Options $0 $0 N/A

Mileage ($850) ($625) N/A

Total $20,780 $19,675 N/A

Looks like you did OK the price.

100R1 · December 6, 2004

Sorry double post, problems w/ ISP this weekend

cdn111 · December 6, 2004

shoot me the vin and I'll run a VIS to see what all warranty work has been done on it. Seems like it was cheap but not just dirt cheap. Have seen some 70K mile 03's for around $17K. granted it's 5K cheaper but kinda miley. The trucks were both real nice though.