1. Home
  2. General Motors Forum
  3. Questions about purchase of a new Chevy

Questions about purchase of a new Chevy

My mother in law is interested in replacing her old car with a new 4 door sedan She spoke with me about it because I am the car nut and wrench turner in the family.

I stopped by a local dealer Friday. They must be running out of 2006 models and just starting to get 2007 models on the lot. I got a quote on a 2006 sedan that is being used as a salesman's car with about 6,000 miles. I also got a quote on a 2007 version of the same car. I wasn't very impressed with the price quote on the 2006 , considering the amount of miles on the car. They padded the 2007 cars they had on the lot by adding a dealer installed phony wood trim package she really has no use for.

I really hate playing the price game at the dealers. What is an honest and fair price to offer for a new car today.. Invoice plus what percent or MRSP minus what percent ? A dealer is entitled to make a profit and pay the bills but I don't want the little old lady to get reamed.

Thanks

Reply to
Steve Stone
Loading thread data ...

Well, It does vary by how bad the dealer wants to move a vehicle, how many they have of a model, how popular the model is etc. I just bought a 2006 Chevy pickup, Z71. The sticker was $35,500.00 and I ended up negotiating the final sale price at $29,300.00 plus tax and title. I also got them to included a 6 year 100,000 mile extended warranty for that price, and it was when they had the 0% APR for 72 months going on last month. The amount that I bought it for was about 3% below invoice. I had to go to three dealers that day to get the price I wanted, what I've learned in the years that I've bought cars is that you have to be prepared to leave the dealer and don't get emotional about the vehicle.

Brian

Reply to
diablo

Another thing to consider is whether the dealer makes his profit on volume of vehicle sales or if he has to make some certain profit on each vehicle. I bought my 2006 Silverado Z71 at a DFW Chevy dealer who sells

300 to 400 vehicles per month. My Silverado listed at 30,643 and I bought it for 22,711.01 plus t&t. This includes all incentive from GM and the dealer discount.

Good Luck, Karl

Reply to
Skylark

"Steve Stone" wrote in news:72RDg.7717$ snipped-for-privacy@news01.roc.ny:

Even if you pay invoice, the dealership is still making a couple hundred (it's called dealer holdback), but good luck trying to find a car at invoice (perhaps on an '06 model that's in a not popular color). I think a fair price is invoice plus $500. True, the dealership makes most of its money on used car sales, warranty work, repair work, but still $500 over invoice seems fair to me. They have alot of expenses

-- salesman's commissions, salaries, paying for the building, upkeep, workmen's compensation, utilities, taxes, etc.. Number one rule in car sales: don't be afraid to walk if the price isn't right or if they're jerking you around or being aggressive.

Reply to
grappletech

MotorsForum website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.