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Re: [rore]
by ocautoseeker on Thu Sep 11 04:53:04 PDT 2008
The only way GM being in the red will affect the price you (the customer) pays is if they (GM) incent either you as the customer and/or the individual dealerships. The price any given dealer pays GM for it's product is fixed throughout a given period. It's the rebates, bonus cash, dealer cash etc. that "sweeten" the deals. The bottom line is that the vehicles on the lot have already been paid for by the dealer (well, actually it's on loan through the captive bank, in this case, GMAC). The juice will start tickin' usually between 60-90 days depending on loan structure and terms specified. It's like any other loan, the bank wants it's money back! Simple economics tells you that... sell enough vehicles for less than what you've paid, you're gonna' go out of business. Car dealers are closing down in record numbers. The Ford, Dodge and GMC dealers right down the street from my home all closed down within 6 months of each other - yeah, they were obviusly making a killing! It just irks me when I hear people say that "employee pricing" is a gimmick. It's an incentive, so how is that a gimmick? Is a $5000 rebate a gimmick? No way! The emp pricing actually helps the dealer because the holdback money is what GM is subsidizing. Now, as opposed to a few months ago, you don't really need to haggle since GM is essentially "dipping" into the dealer's holdback "for you" and giving you that money. But, 3 months ago, dealers were dipping into their own operating accounts without help from the factory. Don't get me wrong, I'm a big proponent of getting a great deal, but when you've worked in the business and you know how things work, you understand when someone is being reasonable and when someone has absolutely no clue. As a dealer, I'm not gonna' make any money on the sale of my new inventory... why? Because we live in the free information age and an educated buyer knows what I paid. A savvy buyer probably has his own financing, so I lose there. A trade-in (if desirable) and aftermarket (finance products) are my only profit sources left. Sure, I'd love to sell you a vehicle for cheap, but it has to make sense. Even in rough times, unless GM keeps incenting me, my cost on any given vehicle is fixed. The number of "roll-over" customers is dwindling because even a soccer mom will jump on edmunds nowadays to get pricing information. Last thing... yes, there are some really scummy dealers - no doubt about it. However, if you act professional and courteous, you may just find that it will be reciprocated. If you walk into a delaership and act like an 'a-hole know-it-all' trying to prove something, I guarantee you're gonna' close the gap on your options. If you p*ss off enough dealers, pretty soon they'll blackball you and then you'll have no options left. You can be friendly,yet firm and still drive a hard bargain. Sorry for the rant guys (and girls), just trying to educate some of you since making a purchase should be fun and exciting, rather than having stories about what a moron dealer A was, or how stupid dealer B is, yada yada yada... The information you need to find holdback (for every manufacturer) is listed right here on Edmunds, as are rebates, bonus cash, lease and finance specials, and even marketing support monies. Good luck in your searches! Be sure and post the details.
Re: GM Employee Pricing [catdaddy25]
by jchevrolet on Wed Sep 03 13:31:40 PDT 2008
Thank you, thank you thank you for clearing this matter up. In a day and age where it is a consumer's market, the realization has to be that in most sitations the dealer is being more than fair with pricing. One thing to always keep in mind as a shopper--the dealer knows that you are shopping for the best price, and knows that you are doing your research, as does any educated consumer. The dealer has to sell vehicles to stay in business, and no dealer will let a consumer go to another place without offering the fairest price they can less losing money (and they sometimes do lose money) to the serious buyer.
Re: [ocautoseeker]
by jchevrolet on Wed Sep 03 13:28:29 PDT 2008
Thank you, thank you thank you for clearing this matter up. In a day and age where it is a consumer's market, the realization has to be that in most sitations the dealer is being more than fair with pricing. One thing to always keep in mind as a shopper--the dealer knows that you are shopping for the best price, and knows that you are doing your research, as does any educated consumer. The dealer has to sell vehicles to stay in business, and no dealer will let a consumer go to another place without offering the fairest price they can less losing money (and they sometimes do lose money) to the serious buyer.
Re: 07 Suburban LTZ - 37,000 Is it a good deal ? [larryallen707]
by larryallen707 on Mon Nov 12 13:49:37 PST 2007
By example, here is a brand new 2007 I had emailed to me. 4x4, 20" wheels, leather, etc... Invoice is $45,700k so selling price will be about $39-40k. Specifications Model Year: 2007 Make: Chevrolet Model: CK10906 - Suburban: 1500 4WD Color1: 25U Dark Blue Metallic Color2: N/A Trim: 833 Dark/Light Titanium Leather Interior Trim Package: 1LZ LTZ Option Package Engine: LC9 Engine: 5.3L, V-8, Flex Fuel, SFI Trans: M30 Transmission: 4-Speed Automatic Event Code: 5000 Vehicle delivered to dealer VIN: 1GNFK16327J235961 Order #: KHBDS3 MSRP: $49,460 Order Type: TRE Retail Stock Age of Inventory: 419 Stock Number: Status: Available *DIP: 45724.35 Other Options Other: 1SZ Option Package Discount AG1 Seat Adjuster, 6-Way Power (Driver\'s Side) AJ1 Glass: Deep Tinted AL4 Bucket Seats: 2nd Row AN3 Seats: Front, Full Feature Bucket AP3 Remote Start ARS Bench Seat: 2nd Row, Power Release AS3 Rear Seat, 3rd Row, Three Passenger ASF Head Curtain Side Airbag AU3 Power Door Locks B30 Floor Covering: Color Keyed Carpet with Floor Mats B39 Carpeting - Load Floor B58 Floor Mats Frt & Rr, Carpeted Insert B85 Moldings, Body Side, Black or Bright, Package Dependent BVE Assist Steps C36 Heater, Auxillary C49 Defogger, Rear Window, Electric C6C GVW Rating 7400 Lbs CE1 Rain Sense Wiper System CJ2 Climate Control, Electronic - Multi-zone DF5 Mirror I/S R/V-Lt Sens-Compass/Temp DK8 Deluxe Roof Console DL3 Mirrors, O/S Power, Heated, Pwr Folding, Turn Indicator E52 Liftgate with Wiper/Washer E61 Liftgate w/Liftglass - Power G69 Level Control - Auto Air G80 Locking Differential, Rear GT5 Rear Axle, 4.10 Ratio JF4 Pedals Adjustable, Power K34 Cruise Control KA6 Heated Seats: 2nd Row KNP Transmission Cooling System NC7 Federal Emissions Override NP5 Steering Wheel: Leather Wrapped NP8 Transfer Case: Electronic Push Button QSS Tires, P275/55R20, All Season, Blackwall RCS Wheels: 20 x 8.5 Aluminum Polished RYJ Cargo Shade, Retractable SAF Spare Tire Lock T96 Fog Lamps, Front U2K Satellite, XM Radio Digital Sound System (subscription) UD7 Rear Parking Assist UE1 OnStar Communication System UG1 Universal Home Remote UK3 Radio Controls: Steering Wheel UQA Speakers: Bose Premium System US9 Radio, AM/FM Stereo, Auto Tone, Multiple CD V54 Luggage Rack, Roof Mounted, Black V76 Recovery Hooks VGD Fascia, Front, Body Color VGE Fascia, Rear, Body Color VGK LTZ Sales Package VK3 License Plate Front Mounting Pkg XA7 Heated Washer Fluid YF5 California Emissions Z55 Suspension Package: Autoride ZVL Tire, Spare P265/70R17 BW ALS ZY1 Solid Paint Application
2007 Tahoe Prices
by caltman on Thu Jan 10 22:36:15 PST 2008
Hello, I'm in Minnesota and am trying to land a 2007 Tahoe LTZ with navi, rear DVD, moonroof, and power retractable assist steps. Anyone in the midwest have experience with this beast? The MSRP is $54185 and has been on the lot for 230+ days, and the best I've gotten so far is $48850. Not good enough for me. I've been reading all of your threads, and after hearing all the money off that everyone got, I'm convinced that I missed my opportunity in December and the dealer is crazy for hanging on to this aging pup. Anyone care to chime in on my assessment? Also, what is the deal with dealers now quoting and showing people invoice prices that are consistently $1000 above any of the stuff on the internet including edmunds?
Re: Getting 0/60 and 8K off MSRP? [tahoeguy]
by sdoo25 on Fri Oct 19 13:49:00 PDT 2007
Can anyone share dealer info in the Tampa or Florida area where a dealer was able to move on price on a Tahoe or Yukon? My target is 30-31K for LS or SLE. I know this relates to a Suburban but I've also seen the same deals on the Tahoe. We previosly had an early build 2007 Tahoe and just recently traded into a 2007 Suburban. We saw an ad for Bill Heard Chevy for up to $14k off a Suburban. I wasn't convinced that we could get that price but my wife wanted to try to she went out to the dealership to negotiate. A few hours later we were offered $9k off plus the special financing rates or $14k off w/other financing. She just stuck to her guns and outwaited them. This took place on Sunday, Sept 30th, so don't know if being the end of the month helped us out or not. We got a LTZ w/every option. It was built in Dec 2006 so there may have been some extra money to give to us due to its age, although from reading on here that aged bonus seems to have expired before we bought. Hope this helps. Tom

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