Deal Check: 2020 Chevy Silverado 4x4 RST

Buying in Boise, Idaho or Salt Lake City, UT. Idaho resident.

#1) Chevy Silverado 1500 Double Cab RST; All star edition; 5.3L V8; VIN: 1GCRYEED1LZ312059
36 months / 10K Miles
Manufacturer Destination Charge: $1,595
MSRP - $47,215
Dealer discount: - $1,122
Manufacturer Rebate: - $500
Selling Price - $45,593
Residual - $29,745 (63%)
MF = .00094
Tax: ID 6%

Total Due at signing: $4,000
$2,885 capitalized cost reduction
$413 estimated fees
$475 first payment
$227 sales tax of 6%

Monthly = $475/month


#2) Chevy Silverado 1500 Crew Cab RST; All star edition; 277 HP 3.0 L Turbo 6 Cylinder Diesel, diesel off road package VIN: 3GCUYEETXLG451673
36 months / 10K Miles
Manufacturer destination charge: $1,595
MSRP - $55,155
Dealer discount: - $1,777
Manufacturer Rebate: - $500
Selling Price - $52,878
Residual - $34,748 (63%)
MF = .00094
Tax: ID 6%

Total Due at signing: $4,000
$2,807 capitalized cost reduction
$413 estimated fees
$558 first payment
$222 sales tax of 6%

Monthly = $557.76/month

I asked on Edmunds for the MF/RV/Incentives (Post is here). Should have that info soon.

Oh, I asked about the MF being too high compared to what I see on Edmunds and the dealer says the MF cannot be changed, GMC sets it and it is .00094…

You need to do some more work on the discount and rebates. Both seem way low to me. See my deal check here.

For discounts, you want to be closer to 6% off and should be reaching as high as 10% off. It’s pretty easy to qualify for GM supplier pricing, so you can look into this option if the dealer won’t move off the current discount.

For rebates, you don’t list what you qualify but again seems way to low. No conquest? No loyalty? I think Costco members are still getting a discount. When I was shopping these I was around $2000 in rebates.

Ultimately I would suggest you look into a Sierra 1500 Denali instead. A supplier deal with reasonable rebates won’t be that much more then these Silverado and will be better equipped.

The base MF is set by GM but the dealer can markup the MF.

Terrible deal - should be closer to $3,500 dealer discount

Thank you @z0lt3c @ethanrs. My gut feeling was that it was a terrible deal. Thanks for the Sierra Denali suggestion. I probably need to get with some better internet sales reps.

I have been shopping for a Silverado as well. I found that 39 Months is leasing better than the 36 currently. For comparison I was just quoted $540 for a 60k RST with only first due at signing. Tax was NY 8.75% and included $3k in incentives. Residual was 59% and MF was .00009. This deal includes GM educator certificate, GM loyalty and taking me out of current lease 3 months early. (1k in payments remaining.)