Help a noob buy a 2014 Lifted Silverado…. What's a fair price for truck with mods?

Discussion in 'Chevy Truck Talk & GM News' started by Westcoastload, Dec 7, 2013.

  1. Westcoastload

    Westcoastload New Member

    Hey fellas,

    New guy here to the boards. Retired military of 20 years and just got hired on with a new company making some pretty good money in addition to my pension rolling in every month. Looking for a new truck and I'm a chevy guy so it's either gonna be a Silverado or Sierra…. Browsed around a little yesterday and found a beautiful truck that has everything I want….. I have a few desires and I found it in this truck...

    1. I want the truck already lifted if possible with black rims and bigger tires….. I've settled on a 6" lift and some 35's that are already on this truck…. It's a 1500 Silverado with the 5.3 ECotec…. Nav, cloth seats, power everything… It's a silver truck sitting on black Pro Comp 20" wheels, 35's, with a 6" pro comp lift and predator bars. The speedo has been recalibrated already…. where I need help is finding a fair price for this truck. I took a picture of the build sheet and the dealer installed options (lift, predator bars, rims, tires, speedo recal) and here's the breakdown:

    Standard vehicle price without option is 38,325

    MSRP with options (LT Plus package and Allstar edition) is 44,730 (options came to 6160)

    Now here's where I need the help…. I know that there is a bit of flex room in between the MSRP and the fair price for the truck. I'm thinking that there about 2,000 in there for dealer profit that I could maybe get down to 1,000 over dealer invoice which i'm thinking is around 42,000 or so….

    Now here's where it's interesting…. The dealer installed options of lift, tires, wheels, predator bars, speedo recal, and the labor to do all that THEY list at 9995.00 bringing the total cost of the truck to 54,725….. Now here's where I need your help. I know a lift does NOT cost 10 grand….. I'm imagining the lift parts cost 1500-2000… wheels are probably another 1400, tires another 1600 and i'm estimating high…. bars maybe 500 bucks…. that puts those parts at about 5500….. 10 hours to install at an average shop rate of about 100 bucks per hour is another grand….. so grand total of $6500 for a 6" lift, those pro comp wheels/tires, and the step up bars…..I posted some pictures of the truck with this post but I really want to hear everyones opinion on a fair offer for this truck…. They want 54,725. I have a trade in that is worth about 4K….. I was thinking if the TOTAL price that I finance was around 48K I'd be happy to include sales tax, title, license, blah blah blah…..

    Or should I RUN from this dealership as fast as possible, buy the same truck not lifted and simply do it myself? the downside of that is that I wouldn't be able to finance the lift/rims/tires into the cost of the truck which i'm hoping to be able to do….. thanks for any help guys...

    Attached Files:

  2. Enkeiavalanche

    Enkeiavalanche Moderator

    Did the dealer do the work or a Upfitter? (Rocky Ridge, SLP, eta) In resale value you will never get the money back They sell it as a 2014 Silverado So if you were to sell it back to them a month down the road they would give you what the STOCK truck is worth Without the lift and add ons. Anytime the dealer sells a car or truck with Aftermarket Stuff on it it is more Profit for them like taking them ALL out to dinner..

    True the best thing about getting it through the dealer is that you CAN finance[​IMG] it and still have the Warranty. I belive by law they have to cover the WHOLE truck Lift and all for 3/36..

    It's up to you.. There are shops out there that will finance Tires and rims and lift kits so you can save some money..
  3. the phantom

    the phantom New Member

    I bought mine, exact model as yours except mine is a 2011 that I bought in Feb 2012, and I paid 41k. It was a Rocky Ridge and considered a leftover and yours is not so right there is probably 5k. Also remember that if your running 35" tires and the gearing is stock at 3:42 it is going to be doggy.. you might not notice it on a test drive but take it on the highway and you will notice it hunting for gears constantly.. Make sure the dealer your buying it from will completely cover the warranty if you purchase it already done. If your not dealing with this dealer after the sale be carefull how your warranty will work. I bought mine in Michigan and live in NY and the dealers here tell me that whoever did the lift, tires ect. would cover any warranty issues that fail due to thier parts..If they dont pay the dealer working on the truck enough, then your responsible for the remainder of the bill. All the dealers selling new lifted trucks advertise as a full factory warranty but its not necessarily true. Buyer beware.
  4. McClintoc

    McClintoc Super Moderator

    Like Enkei said, all that add-on stuff is just more money in the dealership's pocket. Is the lift package worth $10k? No, but that is what the dealer is asking for it. Remember: something is only worth what someone will ultimately pay for it. If you don't want to pay $10k for the lift then don't buy. If you really, really want the truck, your have 2 options: talk down the total price or walk away. Have you looked into getting a car loan from a bank or credit union? Get the loan first then go to the dealership. If they dealership knows they will be paid in full up front, they are more willing to negotiate and you'll get lower interest rates from the banks/credit unions.
  5. Westcoastload

    Westcoastload New Member

    Thanks fellas for all the replies... The lift was done at a local 4x4 place in Sacramento that is highly regarded. The dealer did discuss with me that the lift is covered by the Pro Comp lift warranty (Lift guard) so that stuff would be covered by them..... I realize that IF the truck had some issues and I took it back to them they could essentially blame the lift for the problems (like if the tranny was to go out they could blame it on the lift even though it has nothing to do with it) and try to screw me.... However even if I lift it myself I'm going to get into that issue regardless...

    I'm going to do what you guys said and get pre approved first... I've dealt with this dealership before and they can be shady although they do a TON of business... The dealership reminds me of your typical HUGE dealership, that you get in there, spend the whole day haggling, and they will try and get you financed thru a million banks and try and take a cut of the finance charge (bank gives you 5%, they tell you 6% and they pocket the difference).... I'll get online and try and get my own financing up front so I have a number to work with...

    As far as this truck I did my math and found some real good stuff online regarding the truck itself and the mods they installed....

    Truck MSRP is 44,370 roughly.... There is a $3000 dollar swing between invoice and MSRP. I'm willing to go $1500 over invoice as their profit on JUST the truck....

    So that means 42,870 is my offer for JUST the truck..... Then you have the mods...

    I researched the lift kit, rims, tires, and bars....

    lift kit was 1600 for parts, rims were about 1300, tires were about 1600, and predator bars 500... parts grandtotal was 5000.... I figured a lift kit and all that stuff to install would be roughly 10 hours labor (if that) at a typical shop labor of 100 bucks per hour... so that's another $1000..... So in total the lift kit and labor for install would be 6K. I'm willing to give them a 1000 over that for their time and labor involved getting it back and forth to offroad place...

    So 42,870 plus 7k for what the mods are worth plus 1K for their time doing it totals up to 49,870 for the whole thing...... obviously BEFORE tax, my trade in, etc.... I was going to go in there and tell them that my number is 49,500 take it or leave it..... if they drop it down to 49,500 we can talk....
  6. McClintoc

    McClintoc Super Moderator

    Sounds like you have done your homework and have a plan. Good luck! Damn nice truck!
  7. Westcoastload

    Westcoastload New Member

    Thanks. Yeah I'm in LOVE with everything about the truck.... However i'm trying to stay grounded and not get that "i've GOT TO HAVE IT" and end up getting screwed...

    My wife and I have also been researching just buying a 1500 in silver and optioned just like the above truck and picking it up for around 40-42K and then I can just do the rims/tires/lift myself.... How hard is it to install a 6" pro comp lift??? I build drag cars but have no experience with lifted trucks but it can't be that hard right???? I do my own motor swaps on my drag car, have taken the tranny/engine out like 10 times, redid all the race suspension, fuel system, etc.... I'd just end up buying the stuff 1 month at a time. rims/tires first then lift kit/bars next....
  8. reggiecab2000

    reggiecab2000 Member

    if you can do 1/2 of what you said, then a truck will present ZERO issues for you
  9. Enkeiavalanche

    Enkeiavalanche Moderator

    Remember They see you come in [​IMG] So they already Got ya.. They think you want it so bad with all the candy so they won't talk that much..

    What is your trade in? Did you look up the KBB on it? Try selling it yourself.. Also did you tell them yet that you have a trade in?
  10. Westcoastload

    Westcoastload New Member

    Yes I told them I had a trade in. My trade in is a 2001 GMC Yukon SLT… It's got 152,000 miles so it's not worth much retail or trade in…. Trade in value was like 3900 bucks and sell to private party was like 5,000 or so. Not much difference in between the two…. And before I sell it to private owner I'd have to fix some odds and ends to make it more sellable…. But overall it's in good condition, it's on 22" rims, and looks nice….
  11. GeorgiaZ71

    GeorgiaZ71 New Member

    Well I will just throw this out... Why give the dealer any more money that you already have to? And why pay interest on lift, tires, wheels, stepbars, for 5 or 6 or now 7 year car loan? If you don't have extra cash in savings...then I can see your choice to finance...but considering what those parts actually could save quite a bit of money to just lift it yourself. The truck does look very sweet though, but my advice is save the cash and do it yourself. Like others mentioned, alot of tire shops offer 12 mos. same as cash for a tire/wheel that could get you 12 payments with no interest. I just don't see a benefit to financing those upgrades over 5 or 6 years of payments and paying interest.

    Good luck with whatever you decide though!
  12. the phantom

    the phantom New Member

    Sometimes the interest rate is low enough on a new vehicle that it doesnt cost much more to add the goodies on. My only recomendation is to add in what a gear change will cost for your diff's because Im almost positive you wont be happy with stock gearing and that size tire. Especially after driving it for a while and you begin to "know" the truck. But that can always be done after purchase also.

    I tell ya these trucks are getting to be the price of what you can get a house for. Crazy just crazy.
    Last edited: Dec 10, 2013
  13. jms375

    jms375 New Member

    This info might help you. I bought a new Z71 crew cab in 08 and had it lifted. I went with 20" chrome rockstars 35" Mickey Thompsons and 6" pro comp lift. My dealer charged me $4,700 do to that, which was thousands less than if I bought one they already had setting on the lot lifted.
    As far as price for a new one. For reference I just bought a 14 sierra all terrain. Sticker was $49,918.00. I ended up getting it for $44,900.00. So about 5K off of MSRP. Just one more thing I will throw out there. I loved the way my lifted truck looked. The lift and big tires killed the power and gas mileage and when I went to sell it the bank would only loan the new buyer book value so if you finance the lift and stuff into it you are immediately way upside down.
  14. GeorgiaZ71

    GeorgiaZ71 New Member

    I hear ya, and I totally understand if you get 0% financing...but if you are paying interest (whatever it maybe) I can't see why to let the dealer make even that much GMAC or Ally will be making a killing off the payment. If you can afford to buy the the parts and do it yourself.

    And yea, the price of these trucks is getting crazy...My buddy (who has a Hummer jacked up and lifted) and I were just talking about vehicle costs, and the costs of parts. And him and I agreed, and this is NOT meant to offend anybody... Consumers should not be buying $30k, $40k, or $50k cars or trucks who can't afford to buy tires or brakes or whatever upgrade. If you can't afford buying $1,500 have no business buying a $50k vehicle.
    My buddy was telling me about his friend who bought a Corvette a couple years ago, and always has to "save up" to buy brake upgrades and tires, etc. Seriously? He wants to tell his buddy to get a Chevy Cruz so he can afford the $400/set of 4 tires.

    I guess that's the beauty of our credit system...anybody can get approved to finance anything.
  15. the phantom

    the phantom New Member

    I looked into doing my truck myself and it wasnt worth it.. With even financing the truck already done including interest which was 3% (my own bank) I still think I came out about 5k ahead.. My MSRP was 63500 with all the addons give or take 500 and I walked out paying 41k. Didnt have a trade in or anything. truck had 150 miles on it but considered new. I talked to another guy that had the same truck but a 2012 (but I talked to him a year after I bought mine) and he told me they gave him 22k for his trade in of a 2010 silverado and his balance was 41k after his trade in.. I was like WHAT!!!!??? You gave them your truck and 41k... I didnt have the heart to tell him he got ripped. I looked at my truck stock and added up all the goodies that were added on and I was looking at about 48k give or take 500 bucks. So the right deal can be out there if you look hard enough. Ive had a few people that have looked into buying new chevy's that do not believe I paid what I did. Im glad I took the route I did. Besides the package not having the gearing done for the bigger tires, Im satisfied.
  16. TRPLXL2

    TRPLXL2 New Member

    OP did you get the truck?

    Back in 2005 I bought a brand new regency conversion for $75,000, drop dead gorgeous truck with no balls because of gearing. Same setup as yours, but mine was custom two toned and a lot of other crap. 4 years later it sold for $20,000 at a sheriffs auction, think twice before you buy one.

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