New and need advice on price 17'

[barho]

Hi all! Just joined. I am lookingto purchase a 17' Z71 and have an offer, but want to make sure I am not being taken. MSRP is 65795. Dealer is offering me $56500 with all incentives included. With that number I would not be able to get the 0% financing deal. My question is, should be be able to get a better deal using 0%? I've seen some people on here mention 15% off MSRP AND using 0% financing deal for 72 months. Just want to make sure I don't get taken for a ride.

Thanks

 

[Rdr854]

Hi all! Just joined. I am lookingto purchase a 17' Z71 and have an offer, but want to make sure I am not being taken. MSRP is 65795. Dealer is offering me $56500 with all incentives included. With that number I would not be able to get the 0% financing deal. My question is, should be be able to get a better deal using 0%? I've seen some people on here mention 15% off MSRP AND using 0% financing deal for 72 months. Just want to make sure I don't get taken for a ride.

Thanks

Depends where you are and what the market is like. To me, it sounds like you are getting a reasonable deal. And, if you are buying from your local dealer, all the better. While you might be able to get a better deal through an out of town dealer, the question is whether it is worth the hassle. Simply put, it becomes a time-value equation and a cost of travel analysis. It is a decision only you can make.

 

[bezimmer]

Barho -

I just bought a '17 in Northern VA and yours looks like a pretty good deal. In addition to knowing where you live and market conditions, it would be good to know how much rebate you lose by going with 0% financing and how much cash/trade-in you intend to put down on the truck. Here's a back of the envelope calculation. Say you took the deal at $56.5K and financed it for 72 months at 2.8% (we got 2.39% at NFCU for 60 months, so 72 months might be a bit more expensive) and put $10K down. Total of all payments in your case would be about $4100 more than the sales price. If you're not putting much down and are only going to lose $3K or so in incentives, the 0% financing might be really attractive. If you're putting a bunch down and have a great rate, not so much. Bottom line answer - it depends...

 

[barho]

Barho -

I just bought a '17 in Northern VA and yours looks like a pretty good deal. In addition to knowing where you live and market conditions, it would be good to know how much rebate you lose by going with 0% financing and how much cash/trade-in you intend to put down on the truck. Here's a back of the envelope calculation. Say you took the deal at $56.5K and financed it for 72 months at 2.8% (we got 2.39% at NFCU for 60 months, so 72 months might be a bit more expensive) and put $10K down. Total of all payments in your case would be about $4100 more than the sales price. If you're not putting much down and are only going to lose $3K or so in incentives, the 0% financing might be really attractive. If you're putting a bunch down and have a great rate, not so much. Bottom line answer - it depends...

Thanks.

Yes, with my trade and money down I am looking at a total of $12K down. I can get a rate of 2.39% for 72 months (great rate right now). Rebates for me are $4,500, so before rebates it appears as though on the vehicle I am looking at they are giving me $1,000 off of invoice. Only issue, its 5 hours away from me. I have another deal on a less loaded one, but they are only giving me invoice price. Then again, they are giving me $1,500 more for my trade and it is only 2.5 hours away. I can get 2.49 for 72 on this deal.

Such a dilema

 

[Tahoe14]

Both deals seem pretty competitive with each other. You should buy the vehicle you like best. If not you will be kicking yourself. If it turns out to be the 5 hour Dealer you will enjoy the comfortable ride home.

 

[smokeybrown]

Hi all! Just joined. I am lookingto purchase a 17' Z71 and have an offer, but want to make sure I am not being taken. MSRP is 65795. Dealer is offering me $56500 with all incentives included. With that number I would not be able to get the 0% financing deal. My question is, should be be able to get a better deal using 0%? I've seen some people on here mention 15% off MSRP AND using 0% financing deal for 72 months. Just want to make sure I don't get taken for a ride.

Thanks

Good deal. Buy it.

 

[Rdr854]

Both deals seem pretty competitive with each other. You should buy the vehicle you like best. If not you will be kicking yourself. If it turns out to be the 5 hour Dealer you will enjoy the comfortable ride home.

What about your home town dealer? Are they willing to do a dealer trade and give you a good deal? If so, that may take a lot of the hassle out of it.

 

[fozzi58]

Depending on your insurance company, they may offer financing at a better rate. State Farm gave me 1.9% down from the 2.49% the dealer offered me.

 

[barho]

Picked up my new 2017 Black Tahoe Z71 last Friday. Dealer found an additional $1,500 in rebates for me to total $6,00 in rebates. With dealer discount that brough the total off of MSRP to $9,750 (15% off MSRP). Happy with the deal and the new Tahoe!

Thanks all!

 

[ajs800]

I'm currently looking at a 17 suburban premier at 19% off.

Or a 18 yukon SLT XL and 12% off sticker.

I've always preferred the gmc, but given we have a 15 yukon xl currently, I may go with the burb. I'm just not sure which would be the better buy at this point. And they both must pass the "buffeting-free" test.