• Jun 10th 2008 at 7:59AM
  • 32
click above image for a high-res gallery of the Chevy Tahoe 2-mode Hybrid

We've been waiting for General Motors to step up to the plate with its own incentives now that Ford has offered employee pricing on its F-Series trucks and Dodge has offered $2.99 fuel to go along with its various incentives for the Ram. It seems that GM has finally anted up and increased the incentives for the Silverado, Avalanche and Sierra trucks, along with the Tahoe, Yukon, Escalade and Suburban. The pickups all get $2,000 in customer cash to go along with an extra $3,000 if you already own a GM product for a total of $5,000 total off the sticker price. Those shopping for an SUV will even get an extra grand. In what may be an even larger sign of the times, for the first time ever GM's hybrid Tahoe and Yukon get $4,000 off, but only if you already own a product from the General.

If you want to get in on the savings and don't mind guzzling some gas, you have until June 7 to make it to your nearest Chevrolet or GMC dealer. No rush, we doubt there'll be a line.

[Source: Bloomberg]

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    • 1 Second Ago
      • 7 Years Ago
      I'm waiting for one of the original "Big 3" to start a promotion where if you trade in an auto from one of their competitors, you get the heavy incentives. Seriously, if someone wanted to trade in their Tacoma or Tundra for a Sierra/Silverado, don't you think GM would be peeing themselves in excitement and happiness?

        • 7 Years Ago
        So we'd have a Loyalty discount and a Treason discount? Awesome.

        Why not just cut MSRP and/or F+PDI and just be done with it?
      • 7 Years Ago
      Wish I waited a year to buy my Suburban. I could have used $5k off the sticker.
        • 7 Years Ago
        Trade your 1yr old in on a new one, with trade + 5K off sticker, I can't see you coming up terribly bad off, unless you are way upside-down on your note.
        • 7 Years Ago
        My Suburban's got 38k on the odometer now, I'm pretty sure that's killed its resale as its out of basic warranty. However I am going to go in and see if I can score a new one for a break even price. Heck its even worth 1-2k to get back to no miles. I tend to rack the miles up on my cars (I travel all over to fish/ATV). My Silverado had 315k on it when I swapped it for the Suburban.
        • 7 Years Ago
        A new Surburban (depending on how it's equipped) will still run you a little over $30 OTD even with the discounts. You'll be doing good to get $18,500 in trade for a used 2007 LT2 with 38k miles.
      • 7 Years Ago
      My wife and I are looking at buying a suburban, and/or and RV. Used obviously, if I had 50K to drop on a new suburban I would rather spend 50K on an RV.

      Before you say I am stupid and gas is expensive I'll say it myself yes gas is expensive. We would not be buying a RV or suburban for a daily driver, we have no need for that. We would be using the suburban / RV twice a yr when we travel to visit my family who live 1300 miles away. Even with an RV getting 6 mpg it is still cheaper to drive than 4 plane tickets, rental car, gas, hotel, going out to eat.

        • 7 Years Ago

        I was considering the benefits of buying a second car not replacing my Suburban. I can't replace it with an efficient car, its pretty vital to my recreational activities, both summer and winter.

        I get significantly better than 12.5. The only time I've dipped that low is when I use ethanol. I drive almost entirely 2-lane highways @65mph where I'm lucky to ever see another vehicle for 80% of the drive. I average 20mpg when I'm commuting to work, 18mpg when I'm towing. I also have a very light foot; I save my speed thirst for the 200hp Merc outboard to do its thing. I always high-ball my expenses so I assume 17mpg for sake of calculation and I assumed 32mpg average with 5sp Cobalt as the second car.

        I spend ~$450/mo on gas to feed the Suburban. A new $15k Cobalt with incentives and $5k down will run ~$200/mo for 48 months. I still have to feed it and that will run about $200/mo and insuring it will be about $100/mo (as I was quoted last I checked). So I'd be over $500/mo to have the Cobalt, which doesn't even factor repair costs. Plus I'd have to recuperate the down payment. I'm a DIY mechanic so labor isn't an issue but keeping 2 cars in good condition is still a pain and then I'd have 3 cars total (which I suppose could get me an insurance discount).

        If I gave up boating I'd probably buy a G8.
        • 7 Years Ago
        Frylock, are you *sure* about that? I'm getting somewhere around $500/month in gas (15mpg, $4/gallon) just to commute to/from work. A Corolla at 36mpg would cost $210, leaving you $290/month for a car payment or lease. That's not counting gas on the weekends, errands, groceries, etc. And it's WI, the insurance is negligible (maybe $50/month?)... If you could find a cheaper used car you'd be even better.

        Not sure where in WI you are, but here in Madison (even with the record snow) I never had an issue with my FWD car with snow tires. Of course, if you're up north, that might be a bit of a different story.

        • 7 Years Ago
        This one's for you rj:

        Assuming you keep this RV/Suburban for 15 years and paid cash for it, here's how that works out.

        $50,000 = $191,000 if invested at a measely 9%.

        Add in $1700 for gas and maybe $300 for maintenance every year for another $30,000.

        Basically you're looking at dropping close to a quarter million ($221,000 to be exact) to use an RV 30 times.

        That's $1841 per person per trip (in todays dollars).

        You can get roundtrip airfare, a rental car and two weeks in a nice hotel just about anywhere in the lower 48 for half that.
        • 7 Years Ago
        I use a Suburban as a daily driver (my garage queen is a 96 Buick Roadmaster Estate Wagon) and it expensive but still cheaper than having multiple vehicles. I drive mine 86 miles a day round trip to work, but its still cheaper to feed the 'burban than buying a Cobalt/Civic to use as a DD. Plus there's the safety concerns of a stripped compact vs a full-size SUV. These rural roads don't get plowed during the winter (lousy Wisconsin DOT, turn off the Packers and clean my roads) and 4WD has made life easier on many occasions.
        • 7 Years Ago
        86 miles per day = ~25000 miles per year.

        25000 miles / 12.5mpg (what I averaged in mine) = 2000 gallons of gas per year.

        2000*$4 per gallon = $8000 per year for gas.

        Doing the same calculation for a Corolla = $3333 per year for gas.

        The savings is $389 per month.

        Investing $389 per month at 12% gives you $86,000 in ten years.

        So assuming you could trade your Suburban straight-up for a Corolla you'd have $86,000 in your pocket in 10 years.

        • 7 Years Ago
        "My garage queen is a 96 Buick Roadmaster Estate Wagon"

        Seriously?!? Wow.

        A garage queen should be an old Camaro or Mustang. But an ugly, bulbous whale of a car that epitomizes the screwed up nature of GM in the 1990s?

        Whatever works for ya', I guess.....
        • 7 Years Ago
        Are you saying that paying off a suburban and an RV for 12 months a year is cheaper than buying 4 plane tickets and hotel rooms a year? Isn't that like almost $1000 a month in combined payments and maintenance? That's like $12000 total, how much do you spend per trip? Can't be that much...

        Also, what des the cost of food have to do with owning an rv?
      • 7 Years Ago
      "If you want to get in on the savings and don't mind guzzling some gas, you have until June 7 to make it to your nearest Chevrolet or GMC dealer. No rush, we doubt there'll be a line."

      Today is June 10th. Slowpokes aren't we?
        • 7 Years Ago
        Todays Lesson: Click the Source, read it for yourself.

        Program STARTS June 7, runs to the end of the month. GG Autoblog.
      • 7 Years Ago
      "Seeing "Hybrid" emblazoned on a Yukon is like an obese person wearing a "Bally's Gym" sweatshirt. "

      Well except that they get better mileage than most Camrys.... so they aren't obese......
      • 7 Years Ago
      Do they have a Delorean to go to the past and make the offer valid??? today is the 10th.
      • 7 Years Ago
      We are all gonna die. Thats it.

      • 7 Years Ago
      Seeing "Hybrid" emblazoned on a Yukon is like an obese person wearing a "Bally's Gym" sweatshirt.

        • 7 Years Ago
        Brad2CV's comment was the best part of this!
      • 7 Years Ago
      The incentives really does not do much to operating costs of owing the vehicle because of high gas price. Unless one intends to own the vehicle, the savings would not change the monthly payment of a lease agreement. In the end, it will help GM move the product but the actual benefit to a buyer will vary depending on your intention to own or lease.
      • 7 Years Ago
      1. Find Chevy Nova/Toyota Rebadge car for the cheap.
      2. Drive into lot with said car.
      3. Argue with the dealer over legality.
      4. ????
      5. PROFIT!!
      • 7 Years Ago
      lol, surely the best way to fight for marketshare is to offer incentives only your existing customers can use!
      I mean, it's not like this will jus a Gt mean more used GM vehicles for sale as people trade them in, further driving down resale.
      But seriously, this promotion is retarded. I'm all for small customer loyalty rebates...but these insane rebates are just going to make it very unlikely for any Ford/Toyota/etc owners to convert after seeing the GM repeat buyer in front of them get 3000 more off.
        • 7 Years Ago
        I always thought loyalty money was a joke. I did notice that VW offers you money if your driving other foreign models which is a far better idea.
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