[Holeydonut]

Article about it here:

https://gmauthority.com/blog/2022/11/2024-chevy-silverado-ev-pricing-revealed/

TLDR:

1. 3WT and 4WT will launch before the base-base WT and possibly a 2WT
2. 3WT starts at $72,905 (includes destination of $1,895)
3. 4WT starts at $77,905 (also includes $1,895 DFC)
4. WT is still being advertised as $39,900 before DFC, so that's $41,795 if you want to compare apples to apples with the above 3WT and 4WT.
5. It's not clear in this posting what features are in the 3WT and 4WT vs the base WT or RST

 

[nebula1701]

Article about it here:

https://gmauthority.com/blog/2022/11/2024-chevy-silverado-ev-pricing-revealed/

TLDR:

1. 3WT and 4WT will launch before the base-base WT and possibly a 2WT
2. 3WT starts at $72,905 (includes destination of $1,895)
3. 4WT starts at $77,905 (also includes $1,895 DFC)
4. WT is still being advertised as $39,900 before DFC, so that's $41,795 if you want to compare apples to apples with the above 3WT and 4WT.
5. It's not clear in this posting what features are in the 3WT and 4WT vs the base WT or RST

We already know what features are in the 3WT and 4WT, there is a post here listing the features.
We can extrapolate what can easily be turned into available options rather than standard.

PDF list of features for 3WT and 4WT:

 

[EVTrucking]

We already know what features are in the 3WT and 4WT, there is a post here listing the features.
We can extrapolate what can easily be turned into available options rather than standard.

PDF list of features for 3WT and 4WT:

Thank you for the PDF. Looks like the only difference between 3WT and 4WT is the battery for standard features. From that document it seems to imply WT1,2,3 get the smaller battery pack. To get the 400 mile range you need to get WT4 or above. That puts the price in the $80+k bracket. If true then I think I will pass.

 

[Holeydonut]

I think there will be material differences between a WT and 3WT (other than battery). For sure the WT will come with brakes and door handles hah; but it's not clear to me what other Standard features are incremental to the 3T.

 

[Flapjacks]

I am guessing the Base WT will be RWD with the "small" battery, probably the same configuration from the Blazer EV RS RWD.

 

[EVTrucking]

I think there will be material differences between a WT and 3WT (other than battery). For sure the WT will come with brakes and door handles hah; but it's not clear to me what other Standard features are incremental to the 3T.

There is a pretty big price jump from WT to WT4. To me it seems natural that WT will have the basics at $40k which includes the small battery pack. Each trim level up will have additional features and upgrades. WT2,3 will probably have the 300mi battery and the WT4 the 400mi battery. This seems clear based on the fact that the only difference in standard features between WT3 and WT4 is the battery.

Getting a WT1 or WT2 with 400mi range is not possible. 400mi range starts in the $80k bracket.

 

[Holeydonut]

Yeah I think you should set your expectations around other similar trucks are doing in the marketplace (except for the Cybertruck... at the rate he's going... Elon will probably have Tesla introduce a MAGA package that comes with a dozen flag holders and bull bar as standard equipment).

A Rivian Truck with the expected "max" battery and 400 miles range is going to be over $80k. So a WT4 will likely fall there too. The F150 Lightning "Extended Range" doesn't get anywhere near 400 miles so I don't know if it's comparable.

You were super wise/smart to get your R1T when you did... these bargain bin EV trucks just aren't going to hold up to the experience you're getting now in the Rivian (especially at the price you paid).

 

[tsuintx]

I'll still wait and see what 1WT and 2WT will look like (assuming they will be called those), but unless I can get at least 300 mile range with price starting with a 4, I'm not buying. Am I expecting too much? Maybe. But I gotta draw the line somewhere and for me it is below 50K. Maybe, just maybe, I could convince myself to squeeze to the low 50s, but that's it.

IMO, no vehicle is worth over 50K, electric or not. For 60K+ I'll invest in something that will bring me at least some payback, such as land and/or real estate.

So yeah, I'll still hang around and see what happens.

 

[HawaiiEV]

Welcome to 2022, all prices are up at least 10% from what you think. I imagine a lot more by the time this truck shows up.

 

[Holeydonut]

I'll still wait and see what 1WT and 2WT will look like (assuming they will be called those), but unless I can get at least 300 mile range with price starting with a 4, I'm not buying. Am I expecting too much? Maybe. But I gotta draw the line somewhere and for me it is below 50K. Maybe, just maybe, I could convince myself to squeeze to the low 50s, but that's it.

IMO, no vehicle is worth over 50K, electric or not. For 60K+ I'll invest in something that will bring me at least some payback, such as land and/or real estate.

So yeah, I'll still hang around and see what happens.

Hate to break it to you, but the average new vehicle in the USA is now ~$50k. And that ignores sales tax, doc fees, registration, etc... since the dealer associations typically don't report the all-in cash to get the keys. For their optics, the auto sales folks always focus on the first line of the ARB agreement seen while you're suffering with the auto dealer finance guy. But you as a consumer need to care about the total cash needed to get the keys.

Your $50k line in the sand seems outdated and doesn't account for recent inflation... if you're in the market for a hot new Silverado EV... prepare to have more cash set aside. Or if you think this is all wrong... you may be better off jumping on a good deal for a ICE now since then you can enjoy a new truck now and move on with your life in a new ride.

For those who are willing to jump in on an expensive EV truck in 2024... it seems a lot of folks think they're just going to finance when the truck comes out and it's no big deal. But the problem is they're not paying attention to likely pricing and ignoring recent movement in the loan markets. With the latest info on pricing... you should start saving right now if you really want this truck. Try to get your expectations in line with the likely reality in 2024.

A moderately equipped 3WT with 300-ish miles of range is going to be $73k + $7k taxes/fees. So you'll need $80k to get the keys (assuming none of @EVTrucking's favorite ADM factors in). If you're looking at a healthy loan to value (LTV) of 80%, make sure to plan around having at least $16k cash ready for the down payment at that time. And, do the math to see if your DTI gets FUBAR should you finance $64,000 over 60 months at 4%. If your hypothetical auto loan brings your debt-to-income (DTI) is over 40% during a recession... this truck isn't right for you.

If you think you're getting a 4WT, that's $90k cash. And a super baller Edition 1/RST could easily take $120k cash.

Auto sales-folks will push DTIs into the 50%s on auto-loans because they don't care if they ruin your credit with a truck you cannot afford. The truck can always be repo'ed. But if you care about your own financial health, you'd keep your DTI 40% or less. These EVs are expensive, the loans are expensive, and it's never too early to start planning the $.

Auto loan delinquencies rise as loan-accommodation programs end

Subprime borrowers in particular are feeling the impact of higher prices for both new and used vehicles.

www.cnbc.com

Average Car Payment and Auto Loan Statistics 2023 | LendingTree

The average car payment for new vehicles was a record-high $700 in the third quarter of 2022, a double-digit percentage jump from the third quarter of 2021.

www.lendingtree.com

 

[tsuintx]

Hate to break it to you, but the average new vehicle in the USA is now ~$50k. And that ignores sales tax, doc fees, registration, etc... since the dealer associations typically don't report the all-in cash to get the keys. For their optics, the auto sales folks always focus on the first line of the ARB agreement seen while you're suffering with the auto dealer finance guy. But you as a consumer need to care about the total cash needed to get the keys.

Your $50k line in the sand seems outdated and doesn't account for recent inflation... if you're in the market for a hot new Silverado EV... prepare to have more cash set aside. Or if you think this is all wrong... you may be better off jumping on a good deal for a ICE now since then you can enjoy a new truck now and move on with your life in a new ride.

For those who are willing to jump in on an expensive EV truck in 2024... it seems a lot of folks think they're just going to finance when the truck comes out and it's no big deal. But the problem is they're not paying attention to likely pricing and ignoring recent movement in the loan markets. With the latest info on pricing... you should start saving right now if you really want this truck. Try to get your expectations in line with the likely reality in 2024.

A moderately equipped 3WT with 300-ish miles of range is going to be $73k + $7k taxes/fees. So you'll need $80k to get the keys (assuming none of @EVTrucking's favorite ADM factors in). If you're looking at a healthy loan to value (LTV) of 80%, make sure to plan around having at least $16k cash ready for the down payment at that time. And, do the math to see if your DTI gets FUBAR should you finance $64,000 over 60 months at 4%. If your hypothetical auto loan brings your debt-to-income (DTI) is over 40% during a recession... this truck isn't right for you.

If you think you're getting a 4WT, that's $90k cash. And a super baller Edition 1/RST could easily take $120k cash.

Auto sales-folks will push DTIs into the 50%s on auto-loans because they don't care if they ruin your credit with a truck you cannot afford. The truck can always be repo'ed. But if you care about your own financial health, you'd keep your DTI 40% or less. These EVs are expensive, the loans are expensive, and it's never too early to start planning the $.

Auto loan delinquencies rise as loan-accommodation programs end

Subprime borrowers in particular are feeling the impact of higher prices for both new and used vehicles.

www.cnbc.com

Average Car Payment and Auto Loan Statistics 2023 | LendingTree

The average car payment for new vehicles was a record-high $700 in the third quarter of 2022, a double-digit percentage jump from the third quarter of 2021.

www.lendingtree.com

Thanks for the lecture, dad. Didn't actually even bother to read it all... I like to think I do kind of know how the economy works. I'm sure you don't believe it, but anyway. LOL!

What ever number I had in mind did not include TT&L. Let's just get one thing straight also: I was NOT expecting to get a fully loaded 300+ mile range Silverado EV for MSRP. Okay?

However, if I need to pitch in another 30K+ on top of the "estimated" (YES, I KNOW IT IS JUST AN ESTIMATE, so no need to go there!!!) starting from price to get something with reasonable range and options, then I'm out. And I'm not even adding any dealer markup here. Which I was not willing to pay anyway.

I have no problem whatsoever cancelling my reservation and walking away when I see the final price optioned the way I'm willing to accept it. I'm happy to keep on trucking on with my ICE Silverado and not worry about the range.

Auto loan? What is that?

 

[EVTrucking]

It will be interesting to see where we are price point wise in 18-24 months. A lot can and will happen in that time frame. Who knows, we may be a part of China by then!

 

[Holeydonut]

Thanks for the lecture, dad. Didn't actually even bother to read it all... I like to think I do kind of know how the economy works. I'm sure you don't believe it, but anyway. LOL!

What ever number I had in mind did not include TT&L. Let's just get one thing straight also: I was NOT expecting to get a fully loaded 300+ mile range Silverado EV for MSRP. Okay?

However, if I need to pitch in another 30K+ on top of the "estimated" (YES, I KNOW IT IS JUST AN ESTIMATE, so no need to go there!!!) starting from price to get something with reasonable range and options, then I'm out. And I'm not even adding any dealer markup here. Which I was not willing to pay anyway.

I have no problem whatsoever cancelling my reservation and walking away when I see the final price optioned the way I'm willing to accept it. I'm happy to keep on trucking on with my ICE Silverado and not worry about the range.

Auto loan? What is that?

The second part of my comment wasn't intended for you. It's intended for people who are budgeting a future EV truck purchase.

There's a reason almost 5% of auto loans are in arrears and defaults are expected to skyrocket here in the coming months. Many people don't budget well, and they don't predict their costs well.

If you're all cash then you're all good. But you're also super rare in the domestic auto space.

 

[EVTrucking]

Supply chain issues, China’s choke hold, rising interest rates, runaway inflation, war makes the future look pretty bleak. However, with whatever small amount of optimism I can muster I will keep my meaningless $100.00 reservation for as long as possible.

 

[McMoo]

I think we all knew $40k was a dream, I agree that will probably be base model and rwd, 250 mile range, if that. The website said various models starting at $50k would be coming out in the future. Not sure how that’s possible with the WT being $70-$80k…I’m probably out on the Silverado, and likely any EV truck.

 

[HawaiiEV]

I know there’s a lot of unknowns and things we could have assumed. The battery is the expensive part, however this pricing does not bode well for me either. I want a well equipped not bare WT truck with midgate and 300 miles range for 60-70k if that can’t happen I’m out too. Kinda looks like they will overshoot that by 10k. I’ll buy a used truck during the crash and will wait I guess.

 

[fhteagle]

Will be very interesting to see where CT settles in price to features ratio versus GM's 3 trucks, Lightning, Rivian, etc. Bring on the competition, for some downward price pressure if nothing else...................

 

[Holeydonut]

It sucks EV pricing just keep shooting up. EV6's are up like $8,000 MSRP vs the prior model year. The concept of affordable and EV seem mutually exclusive for the next decade. @EVTrucking is the smartest guy on this forum... already has 2 EVs and paid a relative discount compared to next year's prices for both lol.

From a strict financial ROI perspective it doesn't make sense to go with an EV. EV owners will need some additional motivator like wanting to be green (eg with solar-charging)... or wanting to be buffered against the downstream impacts of big-oil.

I personally like not having to go to the gas stations... lining up for 20 minutes to fill up at a Costco totally sucks once you are used to having an EV that you can charge in your garage.

 

[aldaran]

I'm in no rush, so I will wait and see what pricing will be in 2024 for my 2025 reservation. It seems the first year of production is targeted for people who can afford more than 80k for a WT or 100k for First Edition. I already know my price limits and loan limits. Hopefully the interest rates will start to go down by that time. If this truck doesn't fit into my budget, then I'll probably go with my second choice being the RS Blazer EV.

 

[Ch-EV-y]

Thank you for the PDF. Looks like the only difference between 3WT and 4WT is the battery for standard features. From that document it seems to imply WT1,2,3 get the smaller battery pack. To get the 400 mile range you need to get WT4 or above. That puts the price in the $80+k bracket. If true then I think I will pass.

The price jump is much bigger than I thought as well. I wonder how much this'll affect orders.