How bad did I get screwed? [Archive] - Diesel Place : Chevrolet and GMC Diesel Truck Forums

: How bad did I get screwed?


timberdoodle
09-28-2007, 06:03 PM
I just traded my loaded 05 2500HD CC for a new loaded 3500HD Duelly LTZ CC. Had 48K miles on the 05 and traded for $16000 tax included. $54,300.00 sticker on 07. I would like to hear your opinions.

huthuthut
09-28-2007, 06:43 PM
Give us more info. Im doing the same thing (getting rid of 05 for either 06 07 or 08) tomorrow or Sun and am interested. Did you go in there saying you were buying a truck cash first? Did you bargain the best price for the new 07 you could then bring up your trade? What did you supposedly get the truck for? I 05 stickers for $51,700 got it for $42k out the door. Looks like you could of gotten that truck about $48k out the door, so you got like $32k for your 05? Thats a pretty good deal Id say.

Unit453
09-28-2007, 07:21 PM
16k seems a bit low to me. I got $28,500 for my 04.5 LLY last january with just under 60,000 miles on it.

timberdoodle
09-28-2007, 07:26 PM
Give us more info. Im doing the same thing (getting rid of 05 for either 06 07 or 08) tomorrow or Sun and am interested. Did you go in there saying you were buying a truck cash first? Did you bargain the best price for the new 07 you could then bring up your trade? What did you supposedly get the truck for? I 05 stickers for $51,700 got it for $42k out the door. Looks like you could of gotten that truck about $48k out the door, so you got like $32k for your 05? Thats a pretty good deal Id say.

I was working with 3 dealers. I have a GM discount from my brother-in-law. Thy all started with $46795.35 after discount. They all started with $26000 for my truck. That is $20,795 diff plus tax which made it $22458. They all gave a $3500 rebate. That made it around $19000 dif. tax included. Then one dealer came down to $17958. I went to the third deale and offered them $15000 diff if they could get the truck from the first dealer. They assured me they could get the truck but wanted $17000 diff. We finallymet in the middle at $16000 tax inc with nerf bars installed. I don't have the truck yet but I think they will get it for me. I have bought trucks there before with no problem.

pa32rt
09-28-2007, 07:37 PM
I haven't seen the invoice on my '08 CC dually yet, but I KNOW it won't be $54K!

My guy showed me the invoice on an '08 LT1 that only had the normal "Silverado" bells and whistles; locks, tilt, windows, cd changer, XM. Not all the other stuff; leather, nav, etc. Anyway, it was 39,900 and he is "giving" me $300 over invoice.

I am expecting $43-45K for my 2WD LT2 with cloth, NAV, DVD, pedals, XM, etc.

huthuthut
09-28-2007, 08:18 PM
Try $48k or so. LMMs are too damn expensive.

pa32rt
09-28-2007, 10:55 PM
Try $48k or so. LMMs are too damn expensive.
I'll know soon enough. Roughly 10/14.

dmax3500
09-28-2007, 11:53 PM
you gave them 16,000 and your truck?

huthuthut
09-29-2007, 01:18 AM
looks like it.

timberdoodle
09-29-2007, 08:39 AM
you gave them 16,000 and your truck?


Yes....is that good or bad. It seemed like a good deal at the time but I always figure I am getting screwed some way.

Unit453
09-29-2007, 09:14 AM
Holy crap Timber...

You gave them 16k? Then they took your truck too? What did you get for trade in for it, anything?

What was the blue book on it?

TedReminder
09-29-2007, 09:14 AM
Looks like a pretty decent deal. My take on buying new vehicles; we are always going to feel like we are getting the screw put to us. It is the nature of the business. Wheeling and dealing is just a good way to insure the screw don't hurt all that much. Looks to me like you did some pretty good shopping and dealing.
Ted

timberdoodle
09-29-2007, 09:40 AM
Holy crap Timber...

You gave them 16k? Then they took your truck too? What did you get for trade in for it, anything?

What was the blue book on it?

I figure that what I lost in $$ I can make up next time I go through Watertown. I heard that some guy up there has some really nice lights that would really dress up my ride. I figure he won't be looking when he is chasing bad guys in his crusier.

VC-17
09-29-2007, 10:12 AM
I just sold my '05 with 16000 miles on it, I got $32,000 for it.

Jaybeecon
09-29-2007, 11:08 AM
Sounds like an OK deal, depending on what the book value was on your old truck. With a MSRP of $54,300, you could expect to buy the new truck outright (no trade) for about $48K. Take out the $16K in cash means that you are getting $32K for your truck and the rebates.

huthuthut
09-29-2007, 11:24 AM
Sounds like an OK deal, depending on what the book value was on your old truck. With a MSRP of $54,300, you could expect to buy the new truck outright (no trade) for about $48K. Take out the $16K in cash means that you are getting $32K for your truck and the rebates.

Oh exactly what I said? :D

Dont be too upset man, we just take a hit. Dealer tried to offer me yesterday $25.5 for my 05 with 80k. Thats a $25k depreciation in 2 years!

dmax3500
09-29-2007, 11:37 AM
sounds about right to me

Unit453
09-29-2007, 08:02 PM
I figure that what I lost in $$ I can make up next time I go through Watertown. I heard that some guy up there has some really nice lights that would really dress up my ride. I figure he won't be looking when he is chasing bad guys in his crusier.

C'mon up...I'll buy you lunch.....To thank you from serving, a few decades before I did...

Even if you were Air Force....:D

Thats ok....I'd rather spare some lights (I can always get more) and I'll just come and gank that travel trailer from you when you're sleeping. I can be there in 3 hours. :D

enahs
09-29-2007, 09:13 PM
According to my quick calculation, that truck, without a trade, should have been gettable for about $43,500 (invoice less $3500 rebate). According to the Blue Book, your vehicle was worth about $27,000 plus or minus on a trade. So they gave you wholesale (bottom dollar) for your truck — which is the best 99% will do on a trade. That's good on your trade in deal (or as good as it gets). But your truck might have been worth as much as 10K more if in excellent condition and you sold it outright yourself. There's the rub — selling it yourself is normally much better than trading it. finally, what we don't know is whether GM has extra incentives to dealers for getting rid of the '07s. If so, you might have done somewhat better. But you didn't do badly. Besides, now you have a Dooley — and that's an improvement worth paying for. Now, to clear your thinking, load up your dog and go hunt some birds!

bs8602
09-30-2007, 05:47 AM
I think you did an excellent job on dealing.You already mentioned that you got the employee discount, so that's why they all started at the same price.So, if you got it at $16,000.00 drive out you did good!
BILL

Triton21ski
10-01-2007, 10:20 AM
I would say you got a good deal. I just traded my 04 EC 4X4 LLY with 36K miles on a 07 4X4 CC with the LMM for $14K diff. The 07 MSRP $46,882.
My wife is happy and that is all that really matters on these deals. IMHO

timberdoodle
10-01-2007, 06:57 PM
Guess what.....the whole damn deal shit the bed. The dealer with the truck won't sell it for what the other dealer would and he won't give the truck to the other dealer so guess what.....I ain't getting the deal I thought I was. As a matter of fact I aint getting no deal. It sucks big time.

tytan
10-01-2007, 11:34 PM
Bummer the deal fell through.

When trading a vehicle in the best deal is the one with the least amount of money leaving your pocket. People get hung up on the new price vs the trade in price etc. Who cares what they give you for yours and how much they charge for the new one the only thing that matters is how much money you write the cheque for.

Unit453
10-01-2007, 11:37 PM
If it was meant to be, it woulda happened.

timberdoodle
10-02-2007, 02:48 PM
If it was meant to be, it woulda happened.

Yeah but your lights would have looked so mdamn good on that white truck. I haven't given up yet. I got a dealer looking for a 07 GMC. Like you say Nick, If its meant to be it will be....Rich

T2CH
10-02-2007, 02:56 PM
Sounds like the other dealer found out you where shopping the price. Not that its illegal but if they knew you wanted that particular truck they will not let another dealer have it if they think you will buy it from them. Orrr they may have another buyer interested.ORRRRR they are doing it out of spite. Either way sorry you lost the deal

Unit453
10-02-2007, 03:07 PM
Rich, are you set on the new body style? Are you looking for 07 classics as well? My dealer looked all over NYS for my truck before I traded for exactly what I wanted. There were two, one in Batavia and the one in Burlington Vt. Burlington was closer but I ended up with the truck from Batavia.

I would also imagine that they're giving hellacious rebates on classics to get them off the lots, if you can find one that is.

enahs
10-02-2007, 04:33 PM
Use the Chevrolet.com web site dealer/vehicle locator to find what you want. Be willing to travel. Use the phone to make a deal. Sell your truck yourself. Be sure of the out-the-door bottom line price before you travel. an '07 should go for no more than invoice (about .89 of MSRP). You should get the $3500 rebate and any GM card credits you may have off of the invoice. Be sure there is no funny money like advertising involved. You don't need the dealer to find you a truck — for that normally will cost you in the end. Find the truck yourself — just use city or zip code to look for he truck you specify. You can examine the window stickers right on line.

Use the Chevy dealer/vehicle locator to find your truck. Then use the phone. Here's the site http://www.chevrolet.com/vehiclelocator/chevy/locatevehicle.jsp?year=2007&make=Chevrolet&makeId=001&model=&modelId=&subModelId= Sorry for the double post.

GMC2500HD
10-02-2007, 06:37 PM
When I traded my 04 LB7 with 45K miles on it I got 29500 for it so I think they got you on this one....Also when I traded my 06 LBZ in I got 32500 and it had 15K miles on it... I think you could have beat them up some more on it...

66flh
10-02-2007, 06:47 PM
When I traded my 04 LB7 with 45K miles on it I got 29500 for it so I think they got you on this one....Also when I traded my 06 LBZ in I got 32500 and it had 15K miles on it... I think you could have beat them up some more on it...
Yeah maybe,but you drive a Furd now so who cares!:rolleyes:

GMC2500HD
10-02-2007, 08:59 PM
Yeah maybe,but you drive a Furd now so who cares!:rolleyes:

So many things to say but you are not worth it. I was just giving him information on my experience. Usually they say that if you can't say anything nice not to say anything at all, well this was a good instance to abide by that rule....;)

tytan
10-02-2007, 11:05 PM
So many things to say but you are not worth it. I was just giving him information on my experience. Usually they say that if you can't say anything nice not to say anything at all, well this was a good instance to abide by that rule....;)

I would be interested in your opinion on the Ford vs GM. My business partner wants a new Ford diesel really bad. It would be a company truck that I would half own. PM me if you want to keep it off the board.

Thanks
Chris

GMC2500HD
10-03-2007, 08:45 AM
I would be interested in your opinion on the Ford vs GM. My business partner wants a new Ford diesel really bad. It would be a company truck that I would half own. PM me if you want to keep it off the board.

Thanks
Chris


I don't mind talking about it at all, but I sent you a PM with my number so you can call if you like. I will be more than happy to answer your questions to the best of my ability. My truck only has 3500 miles on it so far but I can tell you what I have experienced with it thus far as well....

66flh
10-03-2007, 08:57 AM
So many things to say but you are not worth it. I was just giving him information on my experience. Usually they say that if you can't say anything nice not to say anything at all, well this was a good instance to abide by that rule....;)Dude it was a joke.Did you see the sarcastic icon?If you cant take a joke,you aren't worth it!:Wedgie:

GMC2500HD
10-03-2007, 09:09 AM
Dude it was a joke.Did you see the sarcastic icon?If you cant take a joke,you aren't worth it!

Ok...:boxing: :stick_out

66flh
10-03-2007, 09:16 AM
Ok...:boxing: :stick_outYeah yeah,whatever.That new Furd has you all sensitive already!:D

GMC2500HD
10-03-2007, 09:34 AM
Yeah yeah,whatever.That new Furd has you all sensitive already!:D

Na, just read your comment wrong that is all... No harm no foul...all in good fun...;)

enahs
10-03-2007, 01:57 PM
When I traded my 04 LB7 with 45K miles on it I got 29500 for it so I think they got you on this one....Also when I traded my 06 LBZ in I got 32500 and it had 15K miles on it... I think you could have beat them up some more on it...

What you got in trade is only something that can be calculated in relation to what you paid. The old game of "giving you more" then charging you more comes into play here. Check experience and those in the business and you will find that it is very unlikely that a dealer will give more than market WHOLESALE (low book) for your trade, no matter how nice it is. If you rreally want to know what your vehicle brings in trade (aside from checking the blue book or NADA), tell the dealer that you don't have a trade and negotiate a selling price. Then bring up the possibility of a trade (since you are trying to sell it yourself). That's when the truth of what your trade is "given" comes out.

bcombs21
10-03-2007, 10:42 PM
Another item to remember, I don't know if this applies to your state, but in Kansas, we only pay sales tax on the difference for the trade. This is only looking at the sales tax side of the trade. It really can add up though. Ex. new truck cost 45k. Trade in worth 30k. net difference of 15k you pay tax on at 8% is $1200. If you were to sell the truck yourself, you would pay the full tax on the new truck at 45k @ 8% is $3600. To break even on a tax break point, you would need to get an additional $2400 (3600-1200) or $32,400 to have the same end point if you sold your truck yourself versus trading it in. I have always traded my vehicles in because of the above reasoning. In the end, I still think I could possibly make an extra grand or two after the tax issue, but it isn't worth it trying to sell the vehicle myself and then possibly having the purchaser come back on me if the vehicle brakes.

If this doesn't make sense, please let me know.

enahs
10-03-2007, 11:12 PM
Brian — it works that way here in Washington, too. And you are entirely correct; the tax saving involved in a trade has to be part of the calculation. IMO, however, since the logic of that tax system is that you have already paid tax on the equity in your truck and should not be taxed again when yu apply it (through a trade) to the purchase of a new vehicle, I believe that it should apply to a certified private sale as well — but here it doesn't work that way. As it stands, it is a tax system that the dealers have supported to encourage you to trade rather than sell yourself. Used vehicles rather than new vehicles are the bread and butter of dealerships.

timberdoodle
10-05-2007, 09:05 PM
On again off again and on again......I fanally got my new truck today. Finally got the dealer who had the truck to meet me part way. I am disappointed with the lack of cubby holes in the dash and I don't like the back seat as well as the 05. Other than that it is nice.

duramaximizer
10-09-2007, 10:18 PM
I agree, the more guages the better.

duramax/a
10-11-2007, 10:24 PM
I just traded my loaded 05 2500HD CC for a new loaded 3500HD Duelly LTZ CC. Had 48K miles on the 05 and traded for $16000 tax included. $54,300.00 sticker on 07. I would like to hear your opinions.

I think you got the best deal possible. They buy wholesale and sell retail. You did a trade instead of selling yourself. I don't think anyone could do any better. Enjoy that new truck.

rcpd34
10-12-2007, 09:36 PM
Congrats! I went to trade my LLY and they wouldn't give me but $25K. I sold it on eBay for $32K. I miss it, but the '08 is helping me get over it...

nouse4aname
11-01-2007, 11:47 PM
no mater how you look at it the dealer will make money! so if your happy ,when you leave so be it...