Price paid?

saric · February 18, 2016

Conquest cash is available if you have a non-GM vehicle titled in your household. Try to get a private offer (http://www.gm-trucks.com/forums/index.php?/topic/178494-00-Private-Offer-Tips). This is $1500 but can't be used with conquest cash.

Thanks martha3065! Do you have any more specifics on Conquest Cash? We definitely have non-GM vehicles in our household. The dealer didn't mention this and I haven't been able to find any specific details online (how to qualify, rebate amount).

ANazir · February 18, 2016

2016 Sierra SLT Crew Cab 4x4 Z71

Pretty much fully loaded without sunroof and a/c seats.

MSRP was around $54?

Out the door at $41...

Felt like I got a good deal.

martha3065 · February 18, 2016

Thanks martha3065! Do you have any more specifics on Conquest Cash? We definitely have non-GM vehicles in our household. The dealer didn't mention this and I haven't been able to find any specific details online (how to qualify, rebate amount).

Have to show title proving same address. I believe the new vehicle has to be titled in the same name. Amount is $1000, but I think Silverado has an extra $1000 in this program this month (total $2K). If not, the private offer is a better deal.

Sit down with someone at a dealership and ask to walk through all incentives with them. They should be willing to show you all offers out there and talk through them with you. If not, I'd go elsewhere. Trucks are not unique from the factory. The same setup will be available somewhere else or can be built.

Conclusion · February 18, 2016

My figures have no tax involved since tax is different everywhere

Purchased in Toronto

2016 GMC Sierra 4x4 double cab SLE.

I ordered this truck

Base list price $43,465, total with options and destination charge $52,135

Out the door $41,501.61 CAD = $30,293 USD

Which is 79.6% of list.

I know the sales manager personally and he said they made $1000 on the deal

Thanks for posting, nice to have a Canadian price to compare with. This is about what I figured, I assume later in the year with larger rebates straight from GM is how people are getting closer to the 70%. The rebates on the 2016's are about $3-$5k where as the 2015's are showing $5-$9k.

decee · February 18, 2016

My dealer told me truck month in Canada starts in March and there maybe another $1000 or so off but I wanted my truck now

SouthPawCO · February 18, 2016

4WD z71 -- 5.3L 8 speed 3.42... The truck is not fully loaded, but it has the features I wanted. A breakdown can be found below:

48,000 MSRP Standard LTZ (Z71 CC Short box 4WD)

510 Seats, front full feature leather-appointed bucket

0 GVWR 7,200

0 Black

0 Jet Black, Perforated Leather-appointed Seat Trim

275 Trailer brake controller

650 Heated and vented perforated leather-appointed front bucket

90 Engine Block Heater

770 LTZ Plus Package

125 LED lighting, cargo box

1050 Midnight Edition

1195 Destination Freight Charge

52,665 Total MSRP

That's not to bad. I have a Double Cab LTZ 4x4 that is completely loaded and my MSRP was $49,XXX. I was able to get it down to $41,147 and with trade financed around $34,XXX.

SandyNeck · February 18, 2016

Hey guys,

First post... total newb when it comes to buying trucks. I'm going to ask a dumb question.

So I have been in the market for a Sierra 1500 with the 6.2L engine and the Max Trailering package (which are tough to find by the way in my neck of the woods). I've been dealing with a few dealers 400-500 miles away trying to get the best price. I'm $2-3k apart with a dealer right now on the exact one we want and I'm trying to arm myself with information to go back to them with.

Here's my question.... The GM supplier discount... is that something that eats into the dealer's profit or does the factory reimburse them for that? So basically, if they're giving a $5k discount on the truck and there is another $1k factory rebate ($6k in total)... would any savings I could gain through the GM supplier discount be on top of that $6k or would the dealer consider that part of the $5k they were already giving off?

Hopefully that makes sense?

Also, any discounts I should be looking out for that are less advertised? I'm not a GM owner/lessee, haven't spent time in the military or anything of the sort. I see these conquest bonuses which I believe are for current owners, but thought I'd ask.

Thanks for your help!

I have studied the supplier discount program myself and bought my last truck through it. As has been indicated, it is not a great deal, but it's not terrible either. Pricing is rigidly fixed and transactions under the program are audited closely by GM. Dealers must pay substantial penalties if they violate the terms of the program. For these reasons, some like it because they consider it insurance against the dealer doing anything sneaky, while others just don't like to negotiate and prefer the fixed discounted price.

The supplier price is on the invoice in the field labeled "SUPPLR". It is presently calculated at $200 over invoice cost, plus destination fee, without advertising charges applied. This formula has changed over the years. Documentation fees, dealer fees, title, registration, inspection, sales tax, etc. can still be applied to a Supplier Program sale. On a supplier transaction, GM reimburses the dealer the amount in the invoice field labeled "SUPINC" (Supplier Incentive), which is 2% of MSRP. On a supplier sale, the dealer's profit would be around 5% of MSRP (3% in holdback plus 2% from SUPINC). The dealer may also further profit from things like factory to dealer incentives, dealer cash and substantial bonuses from GM for meeting or exceeding sales quotas.

Once you notify a dealer that you will be using the Supplier Program for your transaction, the price of the vehicle becomes fixed at the "SUPPLR" amount. You may be able to negotiate the value of your trade apart from that, but under the program, they must sell the vehicle to you at that price. I have heard of side deals being made where people bought through the program and arranged for extras to be added as a separate transaction (e.g. you buy a truck through the program and maybe there will be a bed liner in the back of it when it gets delivered, but the upgrade will be handled separately from the supplier purchase). Also, current incentives can be used with the Supplier Program. Both the Supplier Incentive and other rebates are paid for by GM and don't cost the dealer anything.

In some cases, the Supplier program can actually increase the dealer's profit while decreasing the buyer's cost. For example, it is common for dealers to offer pricing as "at invoice" when they're actually quoting the "PAY 310" amount from the invoice (invoice cost plus advertising charges). In such a transaction, their profit would be the holdback and the buyer's cost would be invoice price plus advertising fees, which is higher than the SUPPLR price. If the Supplier program were applied to the same transaction, the dealer's profit would increase by 2% through addition of the SUPINC, and the buyer's price would decrease down to the SUPPLR amount (invoice cost plus $200).

Bottom line is that it's not a great deal, but you could do worse. It can be useful for vehicles that are in high demand or in limited supply where dealers aren't negotiating much below MSRP (e.g. Corvettes). You could also do much better with some research and effort though. I hope you find this information to be helpful. Feel free to follow up if you have any other questions. Best of luck with your purchase.

Doobs41378 · February 18, 2016

2016 Sierra SLT Crew Cab 4x4 Z71

Pretty much fully loaded without sunroof and a/c seats.

MSRP was around $54?

Out the door at $41...

Felt like I got a good deal.

That is a good deal.... You aren't missing anything with the A/C seats IMO.....

shinysuitman3000 · February 18, 2016

2016 Sierra SLT Crew Cab 4x4 Z71

Pretty much fully loaded without sunroof and a/c seats.

MSRP was around $54?

Out the door at $41...

Felt like I got a good deal.

Nice! Which dealer?!

m3n00b · February 18, 2016

That is a good deal.... You aren't missing anything with the A/C seats IMO.....

Haha that and the 6.2 were the main reasons I chose mine.

-tapa

crafferty · February 19, 2016

If anyone is or will be a recent college graduate. The graduate pricing through GM is pretty good. Not sure if other offers are applicable or not but just figured I'd mention it. May help someone.

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