It doesn’t seem like there’s a lot of Sierra EV posts here, so I thought I’d share. I just picked it up and checked into a hotel for the night. I’ll share more pics when I get back home and will also upload the contract once I have it (I left my folder at the dealership and was too far away to get back before closing so they’re mailing it next week).
I’ve been wanting to replace my 13 RAM with a newer one for a bit. I couldn’t find any favorable leases on new ones so had been looking at 22 & 23 Limiteds. I made a deal on one and they sold it out from under me 2 hrs into my 6 hr trip to get it and I was kind of over the whole thing. I saw Hummers were getting to be pretty hackable so I figured I’d try just for the hell of it. I got down to $475/mo on one but I didn’t love the color and it was 10 hrs away. A really nice sales guy in the same state only 4hrs away got me to $550/mo on a color I wanted. I wasn’t willing to pay that much more, but told him if he could get to $500/mo I would take it. His sales manager was already gone for the day, but he said he’d talk to him as soon as he could. He was off the next day, and one of the other guys sold it while he was out (probably to one of you!).
He felt really bad, and asked me if I had considered the Sierra EV. I hadn’t, primarily because I hadn’t seen it discussed much here. He explained the programs and incentives weren’t as good, but he’d see what he could do. The sales manager came back and said he would do a larger dealer discount and get me below my $18k one-pay target.
They let me put $5k on the GM card, so I’ll get points back on that too.
All in all, I absolutely love the truck and so does my wife (she hated the Hummer). It was only in the CTP program for 400 miles and I don’t think any customers actually drove it. It’s spotless and still has the plastic on the displays. It’s more practical than the Hummer and I’m super happy with how it all worked out. The dealership experience was exceptional,
My understanding from when I spoke to a dealer about the Hummers is that there are 3 incentives in play:
The first is $3000 for retired courtesy vehicles. Retired is the key word here. To be retired, they need to be in the program for a certain mileage and time commitment. I don’t know what exactly the numbers are, but I’m thinking somewhere around 2500-3000 miles as many I see are in that range and one that had around 500 I was told needed another 2k to be eligible.
The other two are basically the same. They’re $2750 and are either an in-service or out-of-service. A CTP vehicle will always qualify for one of these (but not both for obvious reasons).
In a nutshell, a truck that is or was enrolled in the CTP program but doesn’t meet the duration/mileage to be retired only gets $2750. If it stays in until retirement, it gets $5750.
The Sierra is the same, except the retired is also $2750. So, non-retired get $2750 just like the Hummer but retired get $5500 instead of $5750.
I found that there are very few retired ones available, and the ones that are out there are because the dealers don’t want to discount them much. 3 of the 4 best Hummer deals I was offered were not retired. And, I’m reluctant to count the best one because the dealer gave me bad vibes. They agreed to the discount I needed to hit my target of $350/mo effective in writing, but refused to quite the actual lease figures. They wouldn’t even confirm the MF & RV and just said “yeah, your math seems right. We’ll figure it out when you get here”.
Appreciate the clarification. All the Hummer dealers I talked to only accept the $3000 retired CTP discount. No even ever mentioned about $5750 even the vehicle has 5000miles . I have never word of anyone saying $2750 discount. I heard some dealers keep this discount to themselves saying the vehicle is not qualified yet or doesn’t qualify.
Many (if not most) dealers make the into their “dealer” discount. I’m not sure if there’s a reason on the back end for them to differentiate or if it’s just marketing or what.
Are you looking for a Hummer or a Sierra? Depending on where you are and how soon you want to buy I can probably aim you at Hummer. I didn’t try working any other dealers on Sierras because honestly I thought this was fair and didn’t have time. I couldn’t travel to pickup after today and the month is ending.
I’m looking into lease a 24/25 Hummer SUV but looking for something in Texas as I don’t think out of state dealers offer tax credit like the Texas dealerships. Appreciate if you could share something you know!
I tried to get the same but didn’t find anything in Texas. They weren’t budging down from $1100, residuals pretty low and high MF. Did you get anything?
. I have never word of anyone saying $2750 discount. I heard some dealers keep this discount to themselves saying the vehicle is not qualified yet or doesn’t qualify.