2015 Tahoe Price

[Evil Sports]

Since the Brilliant cash for clunkers move the used car market has been a mess and prices are way up due to lack of inventory. Having a trade as not the worst thing any more.

 

[JC6275]

Since the Brilliant cash for clunkers move the used car market has been a mess and prices are way up due to lack of inventory. Having a trade as not the worst thing any more.

I have noticed in the last few years the difference in average trade in, VS average retail is about $5,000 compared to around 2009 to 2010 it was around the $3,000 range in my market area. I have to think this climb in pricing difference is due in large part to the manufacturers and lending companies offering far more incentives and especially 0% financing. In past years an applicant would apply for a loan and be approved by the finance company at a certain APR. the dealer would add between 1%-2% to the original approval, if the customer would agree to the APR then the finance company would cut the dealer an overage check for the amount of the difference in the original APR and the agreed APR. This tactic is not used as much as before because of the abundance of 0% financing options. So I believe the reason for the larger gap in trade in and retail is a way for dealers to recoup some of the financing monies they are losing.

 

[Murf'n'surf]

The new car shell game...... I freaking hate it! No matter what we do and how good of a deal we think we are getting, the dealer and manufacturer are making $ hand over fist. This industry needs a reboot. Just sell a product for what it's worth and quit all of the games.

 

[biglar155]

The new car shell game...... I freaking hate it! No matter what we do and how good of a deal we think we are getting, the dealer and manufacturer are making $ hand over fist. This industry needs a reboot. Just sell a product for what it's worth and quit all of the games.

You think YOU hate it? Then consider that in his final years as a Ford assembly-line worker, my Father-In-Law got paid for a 10 hour day, was only on-site for about 4-6 hours, and spent 2-3 of those watching soaps in the break-room - all at Union Scale wages.

Every time I buy a car I throw up in my own mouth just a little bit.

 

[davel501]

I have been wondering what would happen if you took the financing to get a better deal because the dealer made more off the loan then turned around and paid it off at the first payment.

 

[JC6275]

I have been wondering what would happen if you took the financing to get a better deal because the dealer made more off the loan then turned around and paid it off at the first payment.

The way that usually works is if you can get 0% financing the dealer keeps the rebates. If you take the rebate you can't get 0% financing. It is rare to get both, and when you do the price will usually be based on sticker price with a very small rebate.

 

[davel501]

The way that usually works is if you can get 0% financing the dealer keeps the rebates. If you take the rebate you can't get 0% financing. It is rare to get both, and when you do the price will usually be based on sticker price with a very small rebate.

Say the dealer is offering you a 5 or 6% loan where they get 1-2% kicked back to them by the bank for less than if you paid cash and you paid it off the first month. What would happen then?

 

[JC6275]

Nothing, you would only be charged the interest for the days you had the loan, the dealer would have the money from the finance company. And they would have made the money they needed from the price you actually paid plus the kickback. Usually when the kick back is involved it's because you were going to walk on the deal because they wouldn't meet your price for the vehicle, so they lower the price on paper add the interest % to the loan and they still end up getting what they wanted. You will still be paying the full amount to the finance company that was financed.

 

[davel501]

Nothing, you would only be charged the interest for the days you had the loan, the dealer would have the money from the finance company. And they would have made the money they needed from the price you actually paid plus the kickback. Usually when the kick back is involved it's because you were going to walk on the deal because they wouldn't meet your price for the vehicle, so they lower the price on paper add the interest % to the loan and they still end up getting what they wanted. You will still be paying the full amount to the finance company that was financed.

So basically the finance company would kick in a few hundred dollars for your car. Interesting. Could be a new twist on paying off everything every month to screw the banks.

 

[steined]

Say the dealer is offering you a 5 or 6% loan where they get 1-2% kicked back to them by the bank for less than if you paid cash and you paid it off the first month. What would happen then?

I read a whole thing on this on Ford financing cash when I bought the f150. Apparently they get bounties for financing, but if you take some of that then pay it off in less than 3 months, they don't get the bounty. Of course no where does it restrict you from paying it off early.

 

[jetboater4life]

Banks don't make money and sometimes loose money when the loan gets paid off in the first month. It depends on the loan type. Same thing applies to Home Mortgages especially the no-closing cost variety.

 

[JC6275]

Both above a correct, banks make the money on loans over the life of a loan, the vast majority of people who finance can't pay it off rite away and that's what they are betting on. The finders fee "bounty" is different than the APR kick back, once the loan is signed and binding the dealer gets that money reguardless of when the loan is paid off. Another interesting tid bit is all dealers receive a "hold back" amount directly from the manufacturer if it's a new vehicle. At the very bottom of the invoice that dealers love to show customers there is a line that would read similar to TCD:HB 002975000 this line states the amount the dealer gets just for selling the car rrguardless of profit. Usually the first three letters represent the dealers name the next letters are Hold Back , the amount us next hidden amount other digits . In this case it is $2975.00

 

[Big Shasta]

Look at the Sequoia instead. much better vehicle, more reliability and not a company that took million from taxpayers. Doesn't support ridiculous union labor either.

And before you even say it's a foreign car, it's the most American large suv made. I drive a tundra and it's more American made than the corvette.

From a 2011 article, so maybe it's changed a little, probably not much:

" If you’re looking for a large SUV, you’ll have a hard time finding one that’s more American than the Toyota Sequoia. Eighty percent of the Sequoia’s parts come from the U.S. and Canada, which is 15 percent more than its closest domestic rival, the GMC Yukon. The Sequoia is also 30 percent more American than the Ford Expedition, which sources 50 percent of its parts internationally."

I'd bet that Tahoe is made in mexico. All I could find without looking to hard was the 2011 Tahoe which was only 65% American...technically it's an import....I'm sure it still is.

 

[SCSTWG]

Look at the Sequoia instead. much better vehicle, more reliability and not a company that took million from taxpayers. Doesn't support ridiculous union labor either.

I don't know if I feel any better about giving Toyota $65k of my hard earned money. According to Consumer Reports, the Sequoia ranks 4th in large SUV's behind the Tahoe, Yukon and Suburban. I also believe the Sequoia is also due for a redesign in 2015, so at minimum I would think you would want to wait for the new body style and updated components. It seems to be getting a little long in the tooth.

 

[PEARCE]

All of the large GM suvs are assembled in Arlington, TX. The body panels are stamped there as well. Where the engines and interior are assembled I don't know.

 

[ccrayjr]

Good invoice costing/pricing for the Tahoe. Look at dealer hold back and see what cash is available if you are an exisiting gm owner. Most dealers will not tell you that GM offer exisiting rebate cash if you own a GM product! If financing thru GM, there is normally 500 to $1000 in financing kick back!

 

[HawkTX]

Honestly, I'm a FORD man and this is my first CHEVY in close to 22 years (I had a Silverado step side when I was 18 or 19). I looked at the Expedition hard, but it was a little boxy for me and drove completely different than the Tahoe. Now before any Expedition guys get mad I've owned two in the past and they are great vehicles, but for me personally it just didn't drive as well and felt boxy.

I've driven the Sequoia, but didn't like the interior at all. The outside is nice, but I'm spending my time on the inside so I passed.

 

[DoubleThrust]

Auto leveling has never been reliable. Even Toyota couldn't make reliable / last.

Never for me....

 

[ccrayjr]

I have a GMC Yukon Denali XL and the ride leveling works great. No issue!

 

[Zarrella]

A friend of mine had a Tahoe Boat....He was not impressed with its quality