trollman
09-15-2006, 05:10 PM
First I want to thank nassdmax for the GMS#. Today my '07 classic has arrived at Daughtery Bros. Chevy (VA) and when I inquire about using the certificate, I am informed that they intend to lower the trade-in price on my old truck so that their deal stays the same! Excuse me but this seems wrong. They alledge that these incentives are only used for cash sales. Does this sound right or even ethical? Do I have any recourse for this other that telling them to stick it?! I advised the sales manager previously that I had this number and nothing was said at that time about it having to be a cash sale. They act as if they incentive is coming out of their pocket.:mad:
howard_m18
09-15-2006, 07:40 PM
HI TROLLMAN & you are right to post their name here. It letes others be on the look out for dealing with this dealer. It is wrong because this could have been done BEFORE the truck got there. It is not used for CASH SALES ONLY! I don't know of any recourse. I would be skipping the salesperson & go directly to the sales manager OR BETTER YET THE OWNER of the dealership & let him know what is going on. Did you have a signed deal?
howard_m18
09-16-2006, 07:55 AM
HI DUROMAX04 & the answer to your question is somewhat easy?? GMS = General Motors out of Stock. It is the price that a GM employee pays for a vehicle. they & their immediate family can buy a truck for a great price. The GMS price is on a invoice & is the 2nd best way to buy a GM product, cost wise. The best way to get a GM vehicle is a company owned vehicle. The GMS works out to around 15% off of MSRP. The wonderful part of this - NO HAGGLING. All rebates are also good off of GMS. GMSD = A General motors Supplier Discount is what us employees can give to people that don't want to haggle & can't get any discounts on their own. Anymore questions, feel free to check out the 1st sticky that explains it in greater detail. You could also e-mail if you want more info.? howard_m18@ yahoo.com Howard
trollman
09-16-2006, 02:07 PM
Thanks for the feedback. I assumed that the situation stunk but wasn't sure. I intend to pursue this further this week as I have yet to take delivery on this vehicle.:rant:
First I want to thank nassdmax for the GMS#. Today my '07 classic has arrived at Daughtery Bros. Chevy (VA) and when I inquire about using the certificate, I am informed that they intend to lower the trade-in price on my old truck so that their deal stays the same! Excuse me but this seems wrong. They alledge that these incentives are only used for cash sales. Does this sound right or even ethical? Do I have any recourse for this other that telling them to stick it?! I advised the sales manager previously that I had this number and nothing was said at that time about it having to be a cash sale. They act as if they incentive is coming out of their pocket.:mad:
From the way your post reads you've ordered the truck and are dealing after the fact if the truck has "arrived". When did you tell the dealer you had a supplier discount? When did you tell them you were trading in? Was any of this agreed to when ordering the truck? Have you made a down payment for them to order? As far as I'm aware the certs are just an easy way to get no haggle rock bottom pricing. However, as far as i'm aware the dealer gets nothing either. They can sell it to you at flat invoice or technically under as they will have 100% of the holdback to make profit on as well if it is a sold deal.
Surpisingly dealers are in business to make a profit. Pulling a supplier discount or a trade out of the bag at the last second will not make them your friend. It does them no good to sell a new vehicle near their cost and pay you retail for your trade, especially if they have to go and dump it at an auction. If things weren't agreed to in the begining, such as knowing about the supplier pricing or trade, they have reason to play that way . However, saying that supplier deals are only cash is incorrect, but really a dealer can deal how they want as long as they accept the supplier # and give you the supplier price. The trade-in is essentially a separate deal. Not trying to be a jerk, but if you feel ripped go to a different dealer (assuming you aren't losing your shirt on a big deposit) or sell the other vehicle for retail on your own. You'll never make money on a trade-in.