CAR PRICE SECRETS (TM)
2015 Chevrolet Silverado 1500 Overview
. Eight-speed automatic transmission now offered with 6.2-L V-8
- Completely redesigned last year
- Winner of 2014 North American Truck of the Year award
The Silverado 1500 got a complete redesign last year which overhauled the full-size pickup and helped it garner a 2014 North American Truck of the Year award. But the Silverado 1500 doesn’t rest on its laurels for the new model year, adding a new eight-speed automatic transmission on 6.2-liter V-8 models, as well as new technology, including available Wi-Fi hotspot capability via a 4G LTE connection and OnStar.
The redesign changed the Silverado’s exterior styling completely, giving it a rugged, squared off look with a large rectangular front grille, flanked by squared off two-stack headlight clusters. The wheel arches continue this aesthetic and give the Silverado a unique look in profile. Three cab styles are offered (regular, double, and crew), with both short and long beds available as well. The rear bumper features convenient side cutouts which function as a step, providing easier access to the truck bed. A spray-in bedliner and LED bed lighting are optional.
Peeking under the hood, the Silverado 1500 has three engine options which were either all-new or reworked in the redesign. The base engine is a 285-hp, 4.3-liter V-6 that makes 305 pounds-feet of torque. It is mated to a six-speed automatic transmission, as is the optional 355-hp, 5.3-liter V-8 that makes 383 pounds-feet of torque. As previously mentioned, the 420-hp, 6.2-liter V-8 (which makes 460 pounds-feet of torque) gets a new transmission for 2015, an eight-speed automatic. Four-wheel drive is also available on all cab size and engine combinations.
Interior refinement took a big leap in the redesign, with upgrade materials and better fit and finish all around. The center console now has larger controls as well so they can be easily operated by gloved hands and the Silverado 1500 also features plenty of available technology which modernizes the cabin. Standard features include a USB port, power windows/locks, air conditioning, and cruise control. Also available are Bluetooth connectivity, Chevrolet’s MyLink multimedia system, a navigation system, noise cancellation, and HD radio.
The 2015 Silverado 1500’s cab is made of more high-strength steel which improves crash protection. Six airbags, antilock brakes, an electronic stability system, and a tire pressure monitoring system come standard. GM’s OnStar safety suite is optional, as are a forward collision warning system and rearview camera.
Secret 1: Consumer IncentivesZero 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 & InsuranceMost 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 CostsDestination 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 ValueIf 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 HoldbackThe 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 IncentivesUnlike 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.