Signed: 2026 Chevy Silverado 1500 RST 5.3L V8 | TX | $391/mo | $2k Trade Equity | $0 DAS

Signed Deals & Tips
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  • MSRP: $56,945
    Selling Price (before rebates): $48,728
    Dealer Discount: ~$8,200

    Incentives / Rebates:

    • GM Lease Loyalty: $2,500

    • Costco Executive Member: $1,250 (not itemized on final contract, dealer stated it was rolled into pricing)

    Adjusted Cap Cost: $43,399

    Trade-In:

    • 2023 Kia K5 GT-Line (lease ending Jan)

    • Trade Value: $20,000

    • Payoff: $17,981

    • Equity Applied: ~$2,019

    • Dealer essentially matched CarMax offer

    • Carvana was higher but would not buy a Kia lease

    Lease Terms:

    • Term: 36 months

    • Mileage: 12,000/year

    • Residual: $34,736 (61%)

    • Money Factor: 0.00168 (4.03% APR)

    • TX Sales Tax: 6.25%

    Monthly Payment: $391
    Due at Signing: $0 (first payment waived)

    Notes:

    • Brand new 2026 Silverado RST with 5.3L V8 and center console

    • Dealer initially added a $2,999 “Safety & Security” (LoJack) package

    • Would not remove it but reduced it to $999

    • Dealer also waived first month payment, which improved final deal versus original worksheet

    • Costco rebate did not appear as a line item on final paperwork, but total deal math suggests it was included via dealer discount and/or payment waiver

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Since you applied $2k in equity, your deal is $2k due at signing. That money doesn’t just vanish into thin air. Congrats and post pics!

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Correct. It is a bit of a gray area. The $2k trade equity was applied as cap cost reduction (similar to a rebate), not cash due at signing. No money out of pocket and first payment waived, so $0 due at signing from my bank account perspective. I updated the subject line to avoid confusion on the deal. Appreciate the comment!

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Well, it’s not really a gray area. Someone trying to replicate this wouldn’t be able to do it without a $2k down payment. That $2k is cash you could’ve had added to your bank account that instead went into the deal, but nonetheless

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Maybe we can restart that eric51’s thread about that equity he rolled from his VW. And he refused to consider trade equity as DAS. Fun start to 2026.

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Its not that gray. Dealer advises that you have ~$2k of equity in your trade. Dealer cuts you a check for $2k. You cash/deposit the check. That same $2k is handed right back to the dealer, in order to reach your lease payment. Equity IS money due at signing.

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I am stealing @Justlooking ’s meme.

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I was not hiding the trade-in. If I included the trade-in and put “$2000 Due at Signing” with my original post, wouldn’t that sound like I was paying $4000 at signing?

In Texas, the entire value of my $20,000 trade-in is deducted from the sales price to calculate the sales tax. So even though I had about $2000 in equity from my trade, I would had to put down about $3500 at signing to walk away with the same payments without a trade.

For future reference, what is the preferred way to post a deal that includes a trade-in especially in Texas?

Ignore the trade-in and add the equity ($2000 in this case) as DAS? That would give us a higher monthly price than what I am paying.

Ignore the trade and put the equivalent DAS to get the same payment ($3500 in this case)? That would give us the correctly monthly price, but would make the deal look like I payed $1500 more at signing than I actually did.

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Did you provide them with the Costco rebate code/certificate?

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Good question. I did not, but the price that I got was the price I negotiated via text with the Costco discount. Actually, the price they gave me was less than my spreadsheet because I was calculating first payment DAS.

So since I was getting a bit of a better deal than I thought and a much better deal than every other dealer was offering in the area, I decided to not rock the boat and ask about the Costco discount during signing. Thinking back on it, I probably should had.

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Not at all, it would just look like this in your first post:

Due at Signing: $2,019 (trade equity)

As to how to post it, just post the correct DAS ($2,019) but with a note that your taxes are reduced due to a trade.

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Yeah, I don’t think they used it. I’ve got a couple of cars in last 3 months with Costco rebate and each time dealership asked for a certificate since it has a unique code assigned to it.

May be they also decided to give you slightly better deal just not to deal with that rebate.

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Is it 2wd or 4wd?