The Secrets to Your Lowest Possible Price on a New Car

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Did You Know Every New Chevrolet Silverado 1500 Has a Secret Price?

It's the low price dealers offer Internet shoppers...

Discover the Dealer's Secret Price

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2014 Chevrolet Silverado 1500
2014 Chevrolet Silverado 1500

Price Range: $25,575 to $49,180

Your Price: Ask Us

I thought I'd try your free services since I didn't want all the drama and stress of negotiating the price. It worked! It was so easy to save money and I love my new car!Gina L.
Los Angeles, CA

2014 Chevrolet Silverado 1500 Overview

Price Range: $25,575 to $49,180

Your Price: Ask Us

New/Notable:

Full-size pickup trucks represent one of the most hotly contested automotive segments, especially for American automakers, and Chevrolet enters the fray with a redesigned 2014 Silverado 1500.

The Silverado 1500 was due for an update, its last redesign coming all the way back in 2007. This latest update brings new styling inside and out, an upgrade in interior materials/fit and finish, and new powertrains that deliver both extra power and better fuel economy. Three cab styles are offered (regular, double, and crew) along with short and standard bed lengths.

Exterior updates have made the 2014 Silverado more rugged looking, with a wider, gaping front grille and more pronounced fenders. The wheel arches are still squared off which gives the Silverado 1500 a unique look from profile. In addition to styling changes, the exterior also adds some features that make the pickup easier to use, including a built-in step on the side of the bumper for easy access to the bed, an easier to open tailgate, and optional LED lighting built into the rails of the bed.

Under the hood, there are three new powertrain options that are either brand new or reworked versions of last year’s engines. Each of the engines now feature direct injection and variable valve timing for increased efficiency and power and aluminum blocks which saves weight. The base engine is a 285-hp, 4.3-liter V-6 that makes 305 pounds-feet of torque. In the middle is a 355-hp, 5.3-liter V-8 making 383 pounds-feet of torque, while the most powerful engine is a 420-hp, 6.2-liter V-8 (torque figures unavailable as of this writing). Each is mated to a standard six-speed automatic transmission. Rear-wheel drive is standard, with four-wheel drive optional.

Inside, the outgoing Silverado 1500 was mostly lacking in interior refinement, a problem that is remedied in the new version. Materials have been upgraded and the fit and finish, once somewhat rudimentary, has been improved with added comfort and class. The controls are larger so they can be operated with gloves. Standard features include USB port, power windows and locks, air conditioning, and cruise control. Plenty of technology is available, such as Bluetooth connectivity, Chevy’s MyLink multimedia system that can connect to up to 10 devices at once, navigation, and HD Radio. Upper trim levels even add active noise cancellation to keep the cabin even quieter.

Safety features have also been upgraded. The 2014 Silverado 1500’s cab is made of mostly high-strength steel. Daytime running lamps, front, side curtain, and side-impact airbags, tire pressure monitoring system, and four-wheel antilock disc brakes are standard. GM’s OnStar system is optional, as is a new for 2014 forward collision alert system.

Secret 1: Consumer Incentives

Zero percent financing, employee discount, cash back, out-the-door price tags...

Most dealers work hard to offer the public competitive prices. These incentives can grab your attention, but they can also obscure the actual terms you're getting on your purchase.

How can you fully understand incentives to get the lowest possible price on your car?

Secret 2: Finance & Insurance

Most state franchise laws prohibit manufacturers from selling cars directly to the public, so the dealer will be your middleman. But in terms of financing and insurance, you can choose a bank or the dealer directly.

How can you determine what's in your best interest?

Secret 3: Additional Costs

Destination charges, taxes, license and title fees, advertising fees... When going to a dealership, you must ask for an explanation of any fee you don't understand. But you need to choose your battles wisely. Your local car dealer may have taken a loss or slim profit along the way, and your fighting over something like a doc fee when the deal is nearly wrapped up may be counterproductive.

In any case, there are many fees and charges in the sale process: some inevitable, others questionable.

How do you tell them apart?

Secret 4: Trade-in Value

If you currently own a car, it probably represents profit. The question is, whose profit will it be?

With few exceptions, you'll get the most money for your used car by selling it privately. That's because dealers pay wholesale prices — not retail prices — for used cars, and they sell them at retail.

Your current car's value can be used to lower the price on your new car. However, most people underestimate their used car's value when going to a dealership.

How can you maximize your value?

Secret 5: Dealer Holdback

The car manufacturer holds back a fraction of the price of all vehicles the dealership sells. Then, it returns the money to the dealership, usually on a quarterly basis.

Dealer holdback began its life as a safety net that ensured the manufacturers would have a security deposit of sorts if a dealership missed payments, and the dealerships would have money on hand to cover overhead costs when the holdback was returned.

How can you take advantage of dealer holdbacks to get the bottom line price?

Secret 6: Dealer Incentives

Unlike consumer incentives, dealer incentives are factory-to-dealer incentives that reduce the dealer's true cost to buy the vehicle from the factory to below invoice.

Manufacturers offer these incentives on a regional basis to generate sales on specific models. These incentives are sometimes referred to as "spiffs," and they can touch off competition among dealers to move slower-selling stock.

For instance, a dealer incentive may kick in when a certain sales target is reached, with each subsequent sale resulting in a higher factory-to-dealer rebate.

How can you benefit from that?

Get your free quote above and we'll tell you these secrets.
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