Carvana is offering me $5000 more then my buyout on my 2020 Jeep Gladiator Sport and I am having a hard time passing that up. I can’t replicate my Gladiator deal from pre-Covid days, due to both inventory and terms. As much as I’ve enjoyed the Jeep features, I can pickup a Silverado with a $10K higher MSRP for the same monthly now.
Options
5.3L V8, All-Star Package, Z71 Off-Road & Protection, Convenience II, Towing Package, Leather Package, Bed Protection, Assist Steps, Wheel Locks / Floor Liners.
Year, Make, Model, and Trim: 2020 Chevrolet Silverado 1500 4WD RST
MSRP: $55,200
Sales Price: $52470 (5.8% pre-incentive)
Rebates: $1750 (Lease Conquest)
Bank fee $695
DMV and dealer fees $700
Months: 36
Annual Mileage: 10000
Monthly Payment: $565 (including NJ tax)
Drive-Off Amount: $565 (First Month)
MF: .00052 (1.25%)
Residual: 63%
Region: New Jersey
Best Effort Calculator Link
The pre-incentive discount is weak, especially compared to @ethanrs who is offering 10%, but it’s hard to find a Silverado RST equipped like this and I haven’t done much better after talking to a couple dealers. I do have the GM supplier code, but it only reduces the discount by about $480 and is not worth the hassle of involving my employer.
GM is offering a $5000 discount on cash purchasing, and I looked into Ally as a non-captive option, but the MF is so much higher that the monthly worked out to be the same, and I would prefer to do business with GM. Also looked into a GMC Sierra but prefer the RST. Ram & Ford payments are both higher when similarly equipped.