How Much Should I Pay: 2007 Chevy Suburban (Updated)
Question From Sean: Queen,
I finally found the 2007 Suburban 1500 4X4 LT, with rear buckets, DVD, 6 way power heated seats, sunroof, 3rd row seating, power rear door etc. Very good condition 46K miles.
The dealer will get me out of my 2004 Suburban 1500 4X4 LT 86K miles in trade (only getting 10K trade, I owe more than that) and sell me the 2007 for $25,500.00. I can’t find any issues with the deal. How about you?
Follow Up Comment: 2007 is a 5.3L FFV LT 2004 is a 5.3L LT
Queen of the Road: Hi Sean. For a 2007 Chevrolet Suburban 1500 4WD 5.3L LT with 46,000 miles, prices range from $24,200 (being in above average condition) to $21,100 (being in average condition) and $17,900 (being in below average condition). Keep in mind that the numbers above are the wholesale prices. A dealership will usually aim to sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $19,900 to $26,700.
For a 2004 Chevrolet Suburban 1500 4WD 5.3L LT with 86,000 miles, prices range from $12,200 (being in above average condition) to $10,000 (being in average condition) and $7,700 (being in below average condition). Keep in mind that the numbers above are the wholesale prices.
A dealership will usually aim to sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $8,900 to $13,800.
Let me get this straight. So if the dealer is accepting the trade in for $10,000, that leaves the sale prices of the car around $15,500? Or is the car being sold to you for $25,500 without regard to the trade in? Is the $25,500 the difference you owe on the car? How much do you owe on the old car?
Did you check the car’s background? Carfax? If it’s only $15.5k, I would be suspicious. Very suspicious. That price is lower than wholesale prices. If the carfax pulls up clean, I would bring a trusted mechanic to come and check it out. Did you ask the salesman if the car has been salvaged?
September 20th, 2008 at 11:11 pm
2007 is a 5.3L FFV
2004 is a 5.3L
September 20th, 2008 at 11:46 pm
2007 is a 5.3L FFV LT
2004 is a 5.3L LT