New Truck today

[90Xjay]

I traded my 2005 Silverado 1500 Extended cab in today for a 2007 Crew cab.

I have been looking into trading since GM upped the standard warranty to 100,000 miles on all new 2007 models and when they started back 0% on selected models today for a short time, I had to jump.

I got my old truck paid off and carried $1500 in equity toward the cost of the new truck, got the dealer down a couple grand(they fought hard) and I had a offer in the mail from GM about 10 days ago for $1000 off any new truck.
I had them down to about $500 to what I wanted to pay and they split it with me and threw in about $200 in accessories. I made a darn good deal.

I usually keep my trucks long term, but I traded this time because of the new 100,00 warranty(my old truck only had 10 K miles of warranty left under the old 36K plan) and I moved up to a crew cab, 5.3 motor instead of the 4.8 I had, factory towing, Bose sound, power everything and standard in all 2007 GM trucks is a Eaton rear locking diff.

Man I can't wait to get back to the dealer in the morning and pick it up!

 

[90Xjay]

oh yeah,

here is a stock photo of what my truck looks like.

 

[TwistedCU]

Now you have the tow package and can tow the Jeep for your next vacation

Good deal!

 

[90Xjay]

Yeah, no problem with towing now.

 

[JeepMonkey]

SWEET! I want a new one too, but I'm trying to wait until end of year 07. I'll be able to save a lot more for a down and sell my Honda. I want as low a payment as I can get, plus I want to try and qualify for the next 0%.

 

[Bounty__Hunter]

We have the 5.3L with DOD in our TrailBlazer and love it. How was the 4.8L engine?

 

[90Xjay]

We have the 5.3L with DOD in our TrailBlazer and love it. How was the 4.8L engine?

It was a great motor with great horsepower. It got right at 20 MPG also on highway.

 

[TwistedCU]

My father-in-law's 2500HD 4x4 has the 6.0 Vortec in it and it pulls stumps out of the ground like it's nothin'. It's a real gas hog but the power is awesome.

You should see the driveshaft on that truck. I'm not sure what the deal is but it looks like it might be an alloy. It's about 8" in diameter (rough guess).

He has the extended cab with the "suicide" style doors. He hates those doors and wants to get a 4 door. I think he's waiting to see if they change the front end to look like the New Suburbans.

 

[TwistedCU]

Didja get it yet? PIC!

 

[90Xjay]

My father-in-law's 2500HD 4x4 has the 6.0 Vortec in it and it pulls stumps out of the ground like it's nothin'. It's a real gas hog but the power is awesome.

You should see the driveshaft on that truck. I'm not sure what the deal is but it looks like it might be an alloy. It's about 8" in diameter (rough guess).

He has the extended cab with the "suicide" style doors. He hates those doors and wants to get a 4 door. I think he's waiting to see if they change the front end to look like the New Suburbans.

The new body style 3/4 tons are on the lots now here already. They look pretty tough.

 

[90Xjay]

Didja get it yet? PIC!

Yup, I picked it up late this morning, it was snowing a little here so I didn't make them wash it, instead they gave me a raincheck on a detail.

It's too dark outside to get a good pic, but it looks exactly like the pic I posted except my wheels are a little different.


My son calls it "Big Red"

BTW, I had Circuit City take out the Sirius Sat Radio plug in out of my old truck before I turned it in to the dealership..
If anyone out there has a GM factory radio 2005 or later, and didn't get the XM satellite radio, I will make a good deal on this unit. It just plugs into the back of any GM radio(that is satellite capable) and you call and order a subscription and you have built in satellite radio, no wires, no sticking a suction cup deal on the dash, no tuning the radio to 88.1 FM.
It just works through the factory radio, slick.

 

[Sparky-Watts]

Congrats on the truck. Having bought one brand new vehicle, and then having worked for a large stealership, I'll never buy another vehicle brand new again, and I'll never buy another vehicle new or used from a large stealership again. All that does is buy you a $10,000 bottle of vaseline and you rarely ever even get kissed.

 

[TwistedCU]

Congrats on the truck. Having bought one brand new vehicle, and then having worked for a large stealership, I'll never buy another vehicle brand new again, and I'll never buy another vehicle new or used from a large stealership again. All that does is buy you a $10,000 bottle of vaseline and you rarely ever even get kissed.

Although often is the case that you'll lose a considerable amount of equity in a new vehicle as soon as you assume ownership, it's not always true. If you get a good deal it's not always a loss right off the lot, and when you go to trade or sell it down the road, having one owner and maintenance records adds to the value. The differences can offset each other.

Lastly, if you keep the vehicle longer, the less likely you will lose any money on it.

Bottom line is if you buy new and take good care of a vehicle, it's longevity and/or higher trade in value can outlast/offset it's additional "new car" cost.

 

[Sparky-Watts]

Although often is the case that you'll lose a considerable amount of equity in a new vehicle as soon as you assume ownership, it's not always true. If you get a good deal it's not always a loss right off the lot, and when you go to trade or sell it down the road, having one owner and maintenance records adds to the value. The differences can offset each other.

Lastly, if you keep the vehicle longer, the less likely you will lose any money on it.

Bottom line is if you buy new and take good care of a vehicle, it's longevity and/or higher trade in value can outlast/offset it's additional "new car" cost.

How do you figure? First of all, you cannot get a "good deal" buying new that doesn't cost you more than the vehicle is worth. Very few dealerships will sell at invoice or below, the best would be a few thousand under invoice. Now, take that vehicle and try to trade it for anything even remotely close to invoice and you'd be laughed off the lot. Second, having good records and being a one-owner vehicle will do nothing to change a car-dealers "black book" value. The only place that will help you is if you sell it privately to another individual, and even then it isn't worth much. A guy that wants a particular vehicle will pay the same price if it's one-owner or 10-owner and records won't matter.

Lastly, whether you finance a new vehicle or pay cash for it, you've already taken the hit and no matter how long you keep it, you will not make that money back. Vehicles are not an investment, they will continually lose value. Speaking of course of standard vehicles, not exotics and other high-end cars. The longer you keep it, the more miles you'll put on it, and the lower the value of that vehicle will be.

Bottom line is, even at below "invoice", a new car will never be worth more than what you pay for it, therefore it's longevity and alleged higher resale value will never offset the price you originally paid for it. If you trade a vehicle before it's paid off, you will end up paying even more for that vehicle when the dealer "pays off your trade" and adds it to the cost of the newer vehicle. To believe anything else would be fooling yourself. That's how dealerships stay in business...they have to turn a profit. If they are selling vehicles for less then they are worth, and buying or taking vehicles in on trade for more than they are worth, then they will not turn a profit and will soon go out of business.

 

[90Xjay]

Congrats on the truck. Having bought one brand new vehicle, and then having worked for a large stealership, I'll never buy another vehicle brand new again, and I'll never buy another vehicle new or used from a large stealership again. All that does is buy you a $10,000 bottle of vaseline and you rarely ever even get kissed.

Yeah, I was trying to deal with mega dealer in my town and ended up traveling 20 miles and bought a truck with a higher MSRP and more options for around $1200 less.

I wouldn't have even traded except the fact the GM upped their warranty to 100,000 miles, sent me a deal for an additional $1000 off any new Chevrolet truck and then threw in the 0% financing.

I tried for about 2 days to buy a truck in my hometown, but in the end I couldn't get them to the price I wanted.

I work off of purchase price and trade in for my vehicle. Most car salesmen and their managers are crooked as an acre of snakes and they will screw you with an ink pen if your not careful. I'm one of those jerks who sits across the desk from them with my laptop running scenarios with different figures. I think they were glad to see me go.
I still wouldn't have traded again so quick, but this vehicle is a work vehicle and I get reimbursed every month to drive my own truck plus my fuel is paid for. So it doesn't come out of my pocket, it's just the more I spend on a vehicle, the less of that check I can put in the bank each month.

But for a little difference, I moved from a extended cab to a crew and went from a standard warranty to the new 100,000 mile warranty.
Oh and on a truck I was test driving, I stomped on it and the new Eaton rear locker works..:lol: :lol: left two black marks

 

[Sparky-Watts]

Yeah, I was trying to deal with mega dealer in my town and ended up traveling 20 miles and bought a truck with a higher MSRP and more options for around $1200 less.

I wouldn't have even traded except the fact the GM upped their warranty to 100,000 miles, sent me a deal for an additional $1000 off any new Chevrolet truck and then threw in the 0% financing.

I tried for about 2 days to buy a truck in my hometown, but in the end I couldn't get them to the price I wanted.

I work off of purchase price and trade in for my vehicle. Most car salesmen and their managers are crooked as an acre of snakes and they will screw you with an ink pen if your not careful. I'm one of those jerks who sits across the desk from them with my laptop running scenarios with different figures. I think they were glad to see me go.
I still wouldn't have traded again so quick, but this vehicle is a work vehicle and I get reimbursed every month to drive my own truck plus my fuel is paid for. So it doesn't come out of my pocket, it's just the more I spend on a vehicle, the less of that check I can put in the bank each month.

But for a little difference, I moved from a extended cab to a crew and went from a standard warranty to the new 100,000 mile warranty.
Oh and on a truck I was test driving, I stomped on it and the new Eaton rear locker works..:lol: :lol: left two black marks

Don't get me wrong, 90, I wasn't belittling you for buying new, nor was I trying to burst your bubble. Sure, if I could get a deal I liked on a new vehicle, I would buy new, but that just ain't gonna happen, 'cause they don't give them away for free.:lol: The only one I bought brand new was my '85 Toy 4x4 when I was 21. Man, I loved the feeling of being the first person to pop it's cherry, but I just can't justify the expense of doing it again. I remember when I went to pick it up, it had 8 miles on the odometer. Not that I'm overly superstitious, but 8 has always been a bad number for me, and I've considered 9 to be my lucky number, so I made the salesman drive it around the lot till the odometer turned over to 9 miles!:lol: So, the original bill of sale (which I still have, BTW) lists the odometer reading as 9.0.

In the next few months, I will be leaving my current company and going to work for my ex-supervisor who left last week to take over another company, and he has said I can go pick out my own work van when I make the move. He took one other guy (his assistant manager) with him when he left, and they have already gotten their company vehicles. My boss got a 2006 Chevy 4x4 extended cab, and the other guy got a 2004 Chevy 3/4 ton van. I'm trying to talk him into letting me get a military hummer, but I don't think he's gonna go for that. I originally suggested a Rubi, but he said I needed something bigger to haul my tools and parts, so of course, the hummer was my next choice! I'm currently in a '98 3/4 ton van with the 5.7 Vortec, and I wish I could take it with me. It's been a great vehicle. Very comfy seats, lots of leg room, smooth ride, and very quiet. It also has the power to smoke the tires, even when pulling a full size compressor behind it! The only time it let me down was Monday morning. I was getting ready to leave the house for work and it wouldn't start. It would turn over, but wouldn't fire. They eventually got me a back up van, a POS '93 V6 GMC. The 30 mile trip to work nearly crippled me for a few days because the seats are so poor and there's no leg room. Found out my '98 had a crack in the distributor cap (that the mechanic had replaced 2 months ago). I'm so glad to have it back in the driveway again!!

Anyway, sweet looking ride! Yeah, I'd take it if ya gave it to me, 'specially if it's red!!

 

[Sparky-Watts]

I work off of purchase price and trade in for my vehicle. Most car salesmen and their managers are crooked as an acre of snakes and they will screw you with an ink pen if your not careful. I'm one of those jerks who sits across the desk from them with my laptop running scenarios with different figures. I think they were glad to see me go.

Yeah, I know how much dealers hated to deal with someone who had done their homework!! The stealership I worked at always pushed us to sell them on monthly payments through Ford Motor Credit (or any other of the 25 different lenders they used) instead of actual purchase price. That way, they could screw you harder with the actual price. They'd sell you at a set payment, but when you looked close enough, you'd see that you were financing 125% of the actual price of the vehicle. If you did nail them down to a price instead of payments, they'd try to jack up the interest rates to an ungodly amount to compensate. If you came in with your own lender or cash, they'd tell you that the price quoted was only if financed through the dealership, then quote you a price between 115% and 125%of the actual price they quoted originally. I will never buy from a large dealership again, just for those reasons. When I bought my Camry, I bought from a small lot that my banker recommended (a friend of his) and got the car for $3000 less than KBB, or $4000 less than they had it advertised at. Then, when I traded that for the Jeep, I went to a different small dealer that another friend had recommended, and got the Jeep and cash back! I told my brother about it last year when he was looking for a car, and he got his BMW for about $10,000 below KBB! If you really want a good deal (on a used car), you have to go to a small reputable dealer like that. Otherwise, no matter what the big stealerships tell you about how low their prices are, they will find a way to pummel you in the puckerhole! The place I worked had a $3500 pack fee on each used car, and $2500 on each new car, meaning that above and beyond what they had to get to turn their standard profit, they had to add $3500 to cover expenses and overhead. So, if they took a car on trade with a KBB value of $10,000, and actually gave $10,000 for it (not that they ever would give anything near KBB), the price they'd have to sell it for would be between $12,000 and $15,000 just to turn a profit enough to stay in business. Most smaller places (the few that are honest and reputable) would take a car in trade and allow $10,000 for it, and turn around and sell it for a 10% mark-up, or $11,000.

One other thing about stealerships and trade-in value: If you tell a stealership you have to have $5,000 for your trade-in and their "black book" shows it to be worth $2,000 on trade, they will find a way to add that extra $3,000 to the selling price. And on the "$5,000 cash back" plans? Yeah, they will take that $5,000 out of whatever your trade is worth, and you'll never see the difference.

I learned a lot in the short time I worked there...enough to know that stealerships are on a level below lawyers on the societal food chain. I hate them all with a passion!!!

 

[TwistedCU]

Yeah, I was trying to deal with mega dealer in my town and ended up traveling 20 miles and bought a truck with a higher MSRP and more options for around $1200 less.

I wouldn't have even traded except the fact the GM upped their warranty to 100,000 miles, sent me a deal for an additional $1000 off any new Chevrolet truck and then threw in the 0% financing.

I tried for about 2 days to buy a truck in my hometown, but in the end I couldn't get them to the price I wanted.

I work off of purchase price and trade in for my vehicle. Most car salesmen and their managers are crooked as an acre of snakes and they will screw you with an ink pen if your not careful. I'm one of those jerks who sits across the desk from them with my laptop running scenarios with different figures. I think they were glad to see me go.
I still wouldn't have traded again so quick, but this vehicle is a work vehicle and I get reimbursed every month to drive my own truck plus my fuel is paid for. So it doesn't come out of my pocket, it's just the more I spend on a vehicle, the less of that check I can put in the bank each month.

But for a little difference, I moved from a extended cab to a crew and went from a standard warranty to the new 100,000 mile warranty.
Oh and on a truck I was test driving, I stomped on it and the new Eaton rear locker works..:lol: :lol: left two black marks

I had my Jetta for almost a year and got a trade in price that was only $1000 under sticker price. That worked out to a little over $100 a month . It was dealer maintained and it was impeccably clean.

I bought a new 2000 Dodge Caravan. We bought it just as the next model year was coming out so we got it dirt cheap and with 0.9% financing over 60 months. Compare that to if I had bought a 1 or 2 year old car at 10%. It was a far better deal to buy new over the long haul. Over 60 months the total finance charge was like $470. We had that van for almost 7 years, but my wife only put 65K miles on it. We sold it private party and made out on that one trust me.

The 12 passenger E350 we bought was soooo much cheaper buying used as opposed to new. One model year old and a mere 10K miles made an enormous difference in price. They practically give away used passenger vans when you compare the prices of them new.

Now when I bought the Unlimited, I got a better deal buying used. Jeep certified meant an extra year and an extra 10K miles on the 7/70 warranty that was on the '05 models. Even if I had bought a new (leftover) '06 model with the discounts involved I would have had less than half the warranty and there were no breaks on financing at the time, but I wasn't financing much of it anyhow. In this case, used was a much smarter buy.

So, It can be a better buy to get a new vehicle as opposed to a used one. It all depends on the deal, how long you'll keep it, how much and at what rate you are financing it for, etc. Granted it is not always the case but a smart consumer will look at all the factors and will, on occasion, find the new vehicle to be the better bargain. I would not argue for a second that most of the time a used vehicle is a better bargain though.

 

[90Xjay]

it was kind of weird for me though because this was the first time I have ever traded a vehicle in that I didn't own outright.

I've only ever traded in twice before and I owned both of them.
I got within a couple hundred of what I thought I could get out of them selling them outright, minus the hassle factor. Plus, when you trade, you only pay sales tax on the difference in price of the trade and new vehicle, so that saves a few hundred bucks and I consider that.

At least I got a good deal more for my trade than I owed on it. I know a few friends who keep trading when they are upside down and they just keep adding the debt onto the new car until they can't any more. Then they are stuck.

 

[Sparky-Watts]

You wouldn't believe the number of people who think their debt on their trade in vehicle just disappears when they trade in. Sure, the dealership says, "We'll even pay off your old vehicle, no matter how much you owe!" But people don't realize that when they pay it off, they add that amount to the price of the vehicle they're buying. So then when you tell them what amount they're financing, they throw a big fit because they can't understand why they have to pay off the old vehicle, too!:roll: