What do I offer?

[HiTechTed]

I'm looking at a 2011 Silverado quad cab truck. It was a dealer demo and has 4800 miles on it. My question is, what should I be reasonably asking them to knock off of the price for the 4800 miles THEY put on that truck? I have to take it back in about 5 hours so any input on this before I leave would be appreciated! I know as soon as I drive off in it the value drops drastically so I think that what they put on it should count for something.

 

[radman1]

In reality, they are not going to give too much for the 4800 miles. Make your deal like you are buying a new truck with 0 miles. Then consider a few hundred dollars less for the mileage. I don't believe they will take a $1000 more off the price. I am starting to see more trucks ads and specials on the pickups. My guess there is getting to be a surplus with the increase in fuel the past couple of months.

 

[powerstroke444e]

I would say fifty cents per mile? Or more you should be able to start at
invoice and go down from there.

 

[SandburRanch]

Don't offer 16 percent off of sticker price unless you are very serious about buying it.

 

[Diamondpilot]

If I were buying it I would offer what a 2010 in excellent condition books for. If they do not take it walk and just get a new truck, not a used one.

Chris

 

[groundcover]

Well , any news ?

 

[WM75Guy]

An dealer employee can get a vehicle off the lot as a "demo" and drive it for their own use. The dealer cannot sell it as new with more than 5000 miles, hence the 4800 miles. The employee is paying interest on that returned vehicle sitting there until it is sold. Sometimes a salesman will have 2 or 3 vehicles he is paying interest on so he can drive a new vehicle all the time. Find out which person drove the vehicle, makes for a motivated seller.

We bought a Chevrolet Tahoe demo once. When an dealer employee gets a vehicle for a demo, the warranty starts that day. Find out when the warranty started. While it may be a 2011 and 4800 miles is not much off the 36,000 warranty, it may have only 24 months left of the 36.

 

[Skyco]

I'd expect a LOT off for 4800 miles.
Never liked demos because often they've had the living crap flogged out of them by all the test drives "seeing what she'll do". :licking:
But maybe thats just me....

 

[George2615]

If I were buying it I would offer what a 2010 in excellent condition books for. If they do not take it walk and just get a new truck, not a used one.

Chris

I agree with Chris.
As far as I'm concerned if it has 4800 miles its a used truck. It may still smell new, look new, drive like new, but its a used truck.
Look at it this way, if you bought a new truck for $35K and drove it 4800 miles then decided you didn't like it and put it up for sale do you think you'd get anything close to the 35K you paid? I doubt it because anyone looking at it would expect a big chunk off the price otherwise they might as well buy new. And I doubt the dealer would give you what you paid either. If you did trade it in at the same dealer for something else it might show on paper he gave you what you paid but that's not what you'd get in real life. If you want the truck offer the 2010 book price.

 

[andrec999]

Go and negotiate a price for a new one first, and then take off 15% off the best negotiated price , and not 15% off the stiker price.

If they dont want , buy the new one if you can afford it.

 

[peterc38]

I'd expect a LOT off for 4800 miles.

Amen to that. I figure once you buy it and drive it off the lot, there is a huge depreciation hit. I'd want a supersweet deal. There are plenty of "non-demo" new trucks you can get a good deal on with any kind of bargaining skill why settle for one that has 4,800 miles on it without some special financial incentive?

 

[Iplayfarmer]

I would say fifty cents per mile? Or more you should be able to start at
invoice and go down from there.

I'd agree with the 50 cents per mile figure with one exception...

The IRS reimbursement figure (50 cents) also includes gas. The dealership paid for the gas already, not you. It would stand to reason that anything over gas is considered wear and tear and depreciation on the vehicle. If the truck gets 16 mpg then it used 300 gallons. Use $3 gas as a conservative estimate, and you come up with $900. Take the $900 off the $2400 (4800 miles X $0.50) and you get $1500.

$1500 is an absolute minimum for the discount they should give you after you negotiate a best price on a new truck.

 

[rdln]

I bought a 2003 short yukon demo, actually like a previous poster said, the owner of the dealership himself drove it. it had 4000 something miles on it. sticker was 45k paid 36k including 6% tax with employee discount.

I dont know what the discount was good for exactly but guessing 4k. figuring that, we got about $1.50 per mile off sticker before discount

 

[bdeboer]

Not sure if you already purchased or not but,

I saved around $1500 on '08 Chevy diesel with 15xx miles on odometer over a comparably equipped truck on the lot. This truck was the color I wanted and had a power seat which the other did not.

If you purchase the truck and it has not never been titled make sure they start the warranty at 4800 miles. Did not check this on my '08 and it didn't happen, did have this done with a '95 Grand Cherokee we purchased with 10,000 miles previously.

I also checked the trailer hitch receiver and the inside paint was not scratched or worn off. Therefore it hadn't been towed with.

Also make sure stuff like the owners manual, jack and winter cover if it is a diesel are still there. Winter cover was missing on my '08 and never did get it from the dealer.

Check the bed for scratches also. Who knows what they hauled in there.