: Are these GM employee discounts a scam?
Kendall69 06-12-2005, 10:59 PM After looking at inventory on the net I went to a stealer today and although the GM site priced the same vehicle ( per the vin number) at 38k, the stealer said 44k, when I said the GM site said 38K , he came back with a home made "sticker" and said "see this is the lowest employee price" 42K.
I said "OK" lets keep this game going, because I already know I won't be buying from this Jerk, so I might as well bust his chops while I'm here. So I said that's fine can you give me a trade in value on my 04.5 LLY 3500 CC SRW - he came back with my vehicle is worth 20K.
So my question is, is this GM thing a scam, just to get people in an steal their trades, or are the dealers so ticked off at GM that instead of refusing to sell a vehicle at the discounts they just give you a ridiculous price on your trade so you run out of the building? :lol:
JJs DuMax 06-12-2005, 11:09 PM Interesting thought kendall69? Theoretically you should be able to walk into any GM dealer without a trade and buy the vehicle for the same price as their employees. Those dealers that are able to push their inventory of D'Max's and make good money off of them aren't likely to take it too lightly. Low-balling you on your trade was one sure way of making sure you weren't walking away with that truck unless you were willing to take a major BF'ng on yours! :(
Once again it comes down to sex or money, or in some cases both! ):h Later. JJ :)
dan_diesel 06-12-2005, 11:09 PM Well I just joined the D/A group based on the current incentives -- previous life a Ford guy... I printed out the "GM Employee Price" on the truck I wanted and called the dealer 1st to make sure they still had it and there weren't a ton of miles on it (only 6, they truthfully told me). When we "talked turkey" after the test drive, they even pulled out their invoice sheet which showed the EXACT same price as my printout! Needless to say I was pretty pleased. BTW: the dealer I went to knocked another $400 off (with a bit of work).
I wasn't within $7k on this deal vs. the '05 Ford I had ordered...
I'd talk to someone higher up if that's the truck you want, if it's a common one (mine wasn't), otherwise go to another dealer...
JJs DuMax 06-12-2005, 11:12 PM DanDiesel,
Excellent dealership! The dealer I use has never given me a reason to doubt their integrity either on the sales end or in service. Kendall69, if there are any other GM dealerships in the area maybe they will earn your business. ;)
Sure wish I hadn't read this thread. Now I'm thinking??? JJ :)
TEXMudder 06-12-2005, 11:25 PM Find a CarMax in your area. I havent traded in my last 5-6 vehicles as CarMax usually beats any trade in offer. Normally, the dealers get very little with the employee purchase. I am not sure if GM is cutting them more slack or not, but again normally they get very little. If they can make an extra buck screwing you on a trade...well thats car sales.
Kendall69 06-12-2005, 11:25 PM What I have learned is to go in with the GM print out in hand. But, that still allows them to LOW ball me on the trade.
I guess your right I have to go to a far more reputable dealer.
It did make me think that the problem with GM, is not GM, and it's pricing or product, the problem is the dealers. Being loyal to GM, I'll keep fighting for a deal, but what about all the other people they and other dealers have ticked off.
Seems dealers don't care if GM sells product, as long as they get their HUGE margins, are on target.
I now see the dealers are the ones responsible for all the GM lay offs, not GM.
GM makes em dealers just don't want to sell em. I know they lost one sale they needed today.
NC Hauler 06-12-2005, 11:32 PM I traded my 2003 2500HD in for a 2005 3500 CC/LB/DW/D/A LT..I had looked the truck up on the net at that dealership...sticker was 48,918..discount 38,411, called the dealership and those were the prices they gave me...I knew my truck "booked" around 26,500 or so, depending on what "book" you use...Had some upgrades which normally don't mean "squat" on a trade...They fooled me, I ended up getting 27,000 on my truck...bottom line, my payment for this truck is $8 less a month then my 2003 2500HD...Good dealership, even pulled my 5th wheel hitch out and had it put in my 3500, NO CHARGE...I'd take my business else where if I were you, but may want to hurry, around here 3500's are getting scarce.
DMAXITOL 06-12-2005, 11:33 PM I used to get the GM supplier discount, in the end it was only worth about $700, but they always "hose you" on the trade to make it back!
Trotorx2 06-12-2005, 11:38 PM What I have learned is to go in with the GM print out in hand. But, that still allows them to LOW ball me on the trade.
I guess your right I have to go to a far more reputable dealer.
It did make me think that the problem with GM, is not GM, and it's pricing or product, the problem is the dealers. Being loyal to GM, I'll keep fighting for a deal, but what about all the other people they and other dealers have ticked off.
Seems dealers don't care if GM sells product, as long as they get their HUGE margins, are on target.
I now see the dealers are the ones responsible for all the GM lay offs, not GM.
GM makes em dealers just don't want to sell em. I know they lost one sale they needed today.
Kendall69....This is the impression I'm getting too. I will try one other local dealer then one over buy Houston. I really want to get a Dmax but I'm not giving away my truck either.
dan_diesel 06-12-2005, 11:42 PM I'm not quite sure I'd hang the problems all on the dealers -- Like any make: there's good ones and bad ones (take my Ford dealer - Puleease!). Most folks say GM has fallen behind on design for their fleet...
As for margin, most dealers will be happy with GMS pricing: it's 5% of the msrp (less transport), not including their other costs (flooring, advertising, paying the sales guy, etc.). If you got a deal in normal times at say invoice, they'd only get 3% of msrp less their overhead and plus any other direct incentives.
It's a great deal for us, the end customer, any way you slice it. Rebates are added on top and if you have a GM card and credits, you get those too. (plus I hear there are other incentives for military, etc. too -- also on top...)
Jomar 06-12-2005, 11:50 PM Local dealer prices : Double Cab Short Bed, 4x4, D/A, LT
Factory sticker price: $48,865
Revised price $38,383.90
Revised price includes $3000 rebate. Don`t know about trade in.
TheBac 06-13-2005, 12:23 AM Kendall69, just for comparisons to an '03 I was looking at, I built an '05 on the employee GM Buypower site (My F-I-L worked at Lansing Plant 2).
Fully loaded SLT CC/SB 4x4 was $48,056 retail, $40,717 GMS. Show me the list of options for the one you're looking at, and I'll build it for you and you can compare prices.
Tom ):h
Kendall69 06-13-2005, 01:53 AM TheBAc - thanks man.
I just want to get a Dually 3500 Crew, 4x4. Options limited slip, leather, Diesel, camper mirror, skid plates, trailer package.
I went to my local Chevy dealer Saturday to check out this employee deal.
There was a 3500 dually extended cab I was looking at when the salesman walked up, I asked him what the employee price was on this truck. We went inside he printed me out a paper giving all the options and MSRP was a little over 40K, it was a 8.1 gasser, 4 wheel drive. employee price was a little over 30K with the 3K rebate. I was only there 5 minutes, very low pressure, I think they are selling lots of vehicles. 2 other salesmen were trying to figure out how to do all the dealer swaps, who was driving what where and picking up what.
He said the Dmax's were selling very fast.
Dmax Tim 06-13-2005, 07:11 AM If u notice the FINE PRINT on GM's ads, it's up to the dealer to participate.
I'd say that one didn't want to sell at the lower price.
nwpadmax 06-13-2005, 07:44 AM If u notice the FINE PRINT on GM's ads, it's up to the dealer to participate.
I'd say that one didn't want to sell at the lower price.
Exactly! When I went to buy mine in '02, I had the GM supplier discount through my company. The supply at that time for CC/DB D/A 4x4s was so tight that no one was participating with the discounts.
D_Maximus 06-13-2005, 07:50 AM Friday, the wife goes shopping for a used Caddy CTS by herself. She takes an '05 CTS out for a test drive, then brings it back later that evening. From what she's telling me, I'm getting the impression they're being stereo-typical used car salesman... giving her the jerk around, making comments to guilt her in to makeing a decision before I get involved... So Saturday a.m. they start calling her right away, trying to sweat her back in the door. I told her to ask what they have in new STS with the discount deal, while she's still on the phone... I can hear them continuing to give her grief, rather than answer the question. I take the phone, tell him what model/options I want, and tell him to call me when he can tell me what he's got.
He calls back in 10 minutes with a list of a vehicles on hand, and pricing. In all cases, he quoted me about 11.6 - 11.7% off MSRP, and I confirmed MSRP via Caddy's web site, listing dealer inventories, with window stickers. So pricing seemed pretty cut & dried. I check the web, and no closer dealers have a car equipped as we'd like, so we head over there, and I tell the wife we'll still have to go thru being sold on extended warranties, paint protect, undercoating, etc.
We get there, the only thing he asks is if I'm trading, he tells me he can give me what amounts to about $4-5k less than what I've already confirmed market to be, so I tell him no trade. I ask what GMAC rates are at, he comes back with 5.75% / 5yr, I told him I can do 4.45%/4yr or 4.75%/5yr... he comes back and matches the rate. Amazingly, there were NO OTHER SALES PITCHES... NO warranties, NO paint protect, NO NOTHING!
Meanwhile, I'm listening to the rep at the next cubicle working over some family trading in a GMC Trailblazer for something... just listening to that transaction was enough to know I'll never buy there again, even though mine was pretty painless.
Bottom line: In my case the employee discount made for a nice discount, with no hagling, and because I did not trade, really made it so they had no additional angle to gouge me.
Bill Gisse 06-13-2005, 08:48 AM Bought my 03 with employees discount. Went to 4 different deals, none would show me how they compute employees discount and they were all different. Had no trade in, gave it to my grandson. My truck listed at $39.6k. Got $3.3k incentive discount and $300 Military(I'm a retiree) discount. All dealers refused to give a dealer discount. Final buy price was $29k. Allowing for the incentitive and military discounts that meant I got $7k employees discount. Considering the extremely high mark up on trucks and SUV's I think someone still made a decent profit. If you go the trade-in route, chances are your going to get screwed. Best to deal for new truck with no trad in, ask for dealers discount, gm incentitives discount and once you've agreed to a price, then ask for the employee discount. If this price is acceptable to you tell him you have thought about it and would like to talk trade in on the best offer. The results will shock you when he tells you what your trad in is worth. Best sell the old truck/car, you come out better. Sharpen up on your math, dealers know how to make it work for them . If you go for the after market service plan, offer them haly what they want. If they don't take it look for a plan after you bu the truck. Dealers make over 100 percent profit on those service plans.
OC_DMAX 06-13-2005, 08:50 AM I have had access to the GM Employee discount price for about 20 years now. The program has changed numerous times over that period. A couple of points; The "employee discount" is reflected on the invoice as GMS. This price is always below invoice. The "supplier discount" is not the GMS price listed on the invoice. The GMS price typicially works out to about 16% off of MSRP. The supplier discount is typically 10% off of MSRP. It varies by vehicle type and options ordered. The supplier discount and employee discount are two different programs offered by GM.
Always ask to see the invoice (not the sticker on the car). The GMS price will be listed on the invoice the dealer receives from GM. If you are getting the GMS price, you are getting an excellent price. Always ask to see the invoice and the price on the GMS line, that way the dealer cannot pull something on you.
Later,
Alan
Trotorx2 06-13-2005, 09:12 AM Here is what happened saturday. Got the window sticker price employee discount price from the internet and and then e-mailed the internet manager to confirm the price and if they still had the trick.
2005 2500HD LT Crew Cab 4x4 Silver Birch
Sticker $47,381.00
Dicsount price $37,148.80
These numbers confirmed by the internet sales manager. We verified the vin number. Sales manager gave me over to a salesman and I gave him my copy of the prices from their GM BuyPower website. He said ok and starts getting my info then he says I'll be right back. This is the prices they gave me when he came back.
Retail value $47,880.00
Savings $8,230.2
Rebates $0
Sale price $39,649.80
I got up and ask for my keys and left.
I'm getting the impression that the local dealers around here don't want to participate in this promotion.
chevyhunter 06-13-2005, 09:22 AM Just bought a duramax yesterday here in Texas. Sticker was 47,876.00 employee discount was 40,563.20 then reduce that by the $3000.00 rebate now offered and I got it for 37,563.20. Don't think I'll see that price anytime in the near future so I jumped on it. Traded in my 6.0 liter gas guzzler, this is my first diesel. So far I Love It but its been just one day.
YooperSam 06-13-2005, 11:02 AM The promotion seems honestly run in this area. Duramaxs are not as popular in this area as other parts of the US. As to trade ins and dealers scaming on them, I would not be interested in paying what they are for a truck. Huge glut on used vehicles especially 4x4 trucks. The dealers must auction them off most of the time and if you go to auto auctions you know that prices are incredibly low now. I thought I got scammed on my beat 10 year old GMC on trade in 2004 but a truck of similar age and condition is selling for half what they gave me on trade last year. Its a very competitive business and a buyers market right now. Prices you see on used vehicles on lots are subject to huge "deals" if you ask.
If I were a dealer and someone came in to trade a 2004.5 on a new truck, I would probably just tell him he was nuts and leave it at that. There is no way to sugar coat a deal like that. The diffence between what I paid in 2004.5 new and what it is worth wholesale today is going to be HUGE. I don't even want to know and I paid $700 under invoice and got $3000 cash back.
aka108 06-13-2005, 11:41 AM I noted in a GM advertisement that the employee price was being offered by "participating dealers". Guess that means that the dealer is still free to do whatever they please and that the employee price-point is not mandatory for all.
dan_diesel 06-13-2005, 11:58 AM Just a quick note: the dealer I bought at hadn't done many GMS deals in the few days the program had been out before I went in. They said there was a real push to move stock around the Memorial Day (God bless them) holiday, and they sold a LOT of cars the week prior, over the weekend, and the following week. They said Memorial Day weekend is usually a big sale weekend and folks wait for that to get a great price. The dealer went on to say this GMS pricing surprised everybody and while it was slow to start, once folks realized what it was, it's going to be hard to keep up with...
If it gets really hot, maybe even the dealer I went to will tighten up on how closely they adhere to GMS. I also didn't give them a trade-in or financing business, so it was just the car sale...
Kendall69 06-13-2005, 12:51 PM I had a nice long talk with GM customer service today, and they agreed that this dealer is abusing the system.
They were glad to hear how at least one dealer is finding a way around the program, by giving such insane low trade in prices, and developing their own "invoice" slips that differ from what GM is posting on the web. And as they said if one is doing others may also.
I'm not dropping this with this dealer, nest step letter to both dealer and GM head of promotions etc. This dealer did not lose a sale they lost a customer, and after buying an H1, H2, Escalade, Youkon Xl, and my 3500, tehy are losing more than a sale.
Listen, I know dealers are free to do as they wish, but this one is going against the intent of the program.
Trotorx2 06-13-2005, 01:02 PM Kendall69...
When you said that "they were glad to hear how at least one dealer is finding a way around the program, by giving such insane low trade in prices, and developing their own "invoice" slips that differ from what GM is posting on the web". Were they happy about this or did they think they were abusing the program?
RonJT 06-13-2005, 01:21 PM I have purchased all my GM vehicles with the employee discount.
Key wording.."at participating dealers"
They can say no to selling you anything at GMS pricing..especially diesels.
Best bet is to find a high volume dealer..with multiple diesels on the lot....and call to see if they will let one go at GMS price. That is how I finally got mine.
Trade in's are tough because of the glut in the used market...dealers just send them to auction..unless relatively new and in good condition.
They will try to get you on trade in with GMS...everytime.
SmoknDmax 06-13-2005, 01:29 PM I have used GMS pricing on my last two vehicles. Both times, the dealer was up front with me that they would only offer the NADA book value for the trade-in. The used car market is over-saturated with inventory because of all the programs to get people to buy new. Dealers get stuck with a large inventory of used vehicles and the only way to move them is at auction.
If you think your trade-in is worth more than a dealer is offering to give you for it, you always have the option to sell it yourself. Remember, at a dealership, they have to pay salaries, building costs, taxes, etc. whether they are selling cars or not. If they can't make money on a sale, then why would they waste their time.
The other problem I have run into with the GMS pricing is availability. When I was ready to buy my truck, my local dealer tried to get it for me on a dealer trade. No one would part with the trucks they had (even if they were trading for another DMAX of a different color). My dealer apologized for not being able to secure the deal and then handed me the sheet with the dealers name that had the truck I wanted and told he would understand if I went and bought it from them. I couldn't pass on the incentives at the time.
Trotorx2 06-13-2005, 01:47 PM I understand a dealer can do what they want. And all I'm asking for my truck is NADA value. But when they try to get me to take $5000 under book plus add $500 to sticker then take $2000 off of the employee discount they just don't want to sell a truck and by the way they have 5 or 6 on the lot. One was a demo with over 6000 mi and was trashed on the inside with 2 big stains in the rear carpet and the interior door jams were scratched up. But they still wanted full price for it. I'm even willing to take low side of the NADA book price.
I'm going to go try another STEALERship this afternoon.
RonJT 06-13-2005, 02:00 PM Trotorx2...Clearly some dealers are abusing this.
In my area...there were a lot of GMS eligible people so certain dealers catered to them and there was no monkey buisness on the purchase side and usually a fair trade in.
But outside of my area...that was a different story ...dealers did not even know how it(GMS) worked/or they would do stupid things like try to charge paperwork fees...so by all means go somewhere else...try calling first to save yourself some time.
jchappy 06-13-2005, 06:33 PM Bought my truck sat. MSRP was over 44k GMS was 37.2k plus 3k rebate =34.2k plus another 500 off igot my 2005 2500HD 4x4 crewcab shortbox DMax W/Alison for 33.7k. I could not pass it up plus the wife saw something she liked and we drove off the lot with 2 new GM products.
ktm2ride 06-13-2005, 06:47 PM I am a GM employee. There are two different levels of Employee discounts. (GM employee discount, and Dealer employee discount) I haven't looked at their ad to see which one they are offering but there isn't a huge difference. But, I have two dealers in my home town and one dealer is always 4K higher than the GM web site posts. The other dealer is to the penny on the discount sheet every time on every car I have ever bought from them. They are easy to work with and I only **** with the other guys because they are 20 miles closer.
OC_DMAX 06-13-2005, 07:47 PM Dealership employees are not GM employees. The GM employee discount plan is the "GMS" price on the sticker. Demand to see the dealer invoice and look for the $$$ on the GMS line.
Kendall69 06-14-2005, 12:57 AM Problem with trying to sell it on your own is no one in their right mind would buy a used GM for a mid book ( in my case 35K) when they can buy a new one for 38k, so selling on your own is not an option.
What a difference 24 hrs makes. I spent the morning calling 25 dealers ( not kidding) most of the Southern Ca. dealers, and Arizona, and Henderson Nevada.
Long story short, most were so busy they couldn't/wouldn't even come to the phone, they would only take messages, and of those that called back, seems duallies are being snapped up fast, as all were sold.
I found one loaded, and I told the sales guy I got the price on the net and it says list 50k plus, but discounted to 40K, "do you have the truck" "yes" OK, now I have a 04 loaded and I have the blue book of 32k what will you give me - "I'll call you back"
I figured here it comes, but at least I still at home. He calls back and says depending on the condition we can give you 32K - HUH? I just made 12K from last nights stealer, for a bunch of phone calls.
Still waiting for the other shoe to drop, I said take down my credit card as a deposit and consider this one sold, he said he didn't need that, I said TAKE IT - I need that.
Drove the 100 miles did the deal, ( the whole time waiting for something) and drove out 2 hours later with a new dually.
With 3k from my GM card, and 2K from my drivers edge card, the difference was 3K , not including tax and fees Total about 7k to go from single rear wheel to dually and go up a year.
Trotorx2, GM was glad to hear I was reporting the dealer, and was shocked that they were doing it ( he phrased his words carefully ) as he can't say anything but he made it clear he was going to march my report on up, and he said ALL reports get read. I also stated I want to hear from someone.
nsracer 06-14-2005, 01:20 AM Nice! Time to update the sig!
Kendall69 06-14-2005, 02:34 AM Done - Thanks for reminding me.
Trotorx2 06-14-2005, 07:46 AM I'm waiting on a call back from my last try. The dealer I talked to yesterday wanted to mark up the price when I ask about GMAC financing. Also didn't want to give me fair trade in on my truck. I guess I'm not to have a Dmax yet. I'll be at a GMC dealer this morning with my wifes car for maintenance I may look around there.
Kendall69 06-14-2005, 12:29 PM Trotorx2, Don't let the dealer win. Call around, you have got to grab one of these while they are on the employee deal.
YooperSam 06-14-2005, 01:12 PM So a dealer is found that will pay $32k for a truck no one in there right mind would pay $35k for..................... no wonder GM is going bankrupt.
Obviously this dealer is an idiot or he is making enough to some how pad the trade in? What is he making in $$$ on the sale of the new truck, does anyone know???
If used vehicles are selling below NADA wholesale on used car lots, then NADA is wrong or am I missing something???
Trotorx2 06-14-2005, 02:36 PM Well I have officially given up on trying to get a Dmax. The dealers here won't deal and some are even changing the sticker price to get their profit back up. One raised the sticker $500 then took $2000 off the GMS price. Then only said my truck was worth $15k. Now low Nada is $21k and I told them I'd accept $18.5K for trade but wouldn't take it. Also they should make it clearer about the financing. They will tell you a price for the truck and you agree to it then when you ask about financing they tell you the price of the truck is now $3k higher.
I'm a diehard Chevy man but this is testing my loyalty. I guess I'll just keep this truck and mod it up so I can pull my toyhauler better. It's sad that GM is in trouble and their dealers aren't helping them.
Good luck and enjoy your Dmax's. Maybe someday I'll get mine.
dan_diesel 06-14-2005, 02:56 PM I'm surprised there aren't any dealers on this forum that can help out. What part of the country are you in, Trotorx2? There was a forum I was on (Ford)that had 2 dealers that participated and even helped sponsor the forum. They also would discount the price of new cars for forum members. If you are near the west coast email or pm me and I'll give you a contact for one that also does Chevy...
TxChristopher 06-14-2005, 02:59 PM The big price increase from 04 to 05 for the same truck except a slight hood and grill change? Is that what you missed? Inflated value up front?
GM said a couple years back that they wanted to get away from rebates. The method became to raise the price every year so much that finally the rebate is absorbed.
Ever wonder why EVERY other mass produced item goes DOWN in price over time yet vehicles can remain basically unchanged for even 10 YEARS and yet go up 3% or 4% every year?
Good luck getting $3,000 more for an 05 versus an 04 two or three or four years from now.
.
Kendall69 06-14-2005, 04:50 PM I told the dealer sure no problem I'll finance through you, and by the way what is the grace period for my own financing ( 10 day). I signed, and made an online application at Capital one for 4.55%, 15 minutes later they were federal Expressing a check to me for payoff. Bye Bye dealer 6.xx% rate.
toydealer 06-14-2005, 05:02 PM Gm Has Is Working On Getting Away Frome Rebates By Lowering The Price On Newly Introduced Vehicles Or Updates. That Way The Price Is Lower For Everyone With Out Having To Worry About Dealers Applying Discounts If They Want To. You Go Into Some Dealers And They Sell Them From Sticker Minus The Gm Rebates.. So I Turn The Price May Still Be High. That Is The For Employee Pricing Right Now Is To Have Low Prices Across The Board The Did Kind Of The Same Thing In March With Their March Madness Red Tag Sale. The Tag Showed Msrp And The Dealers Best Price. Lets Hope They Keep This Up! Also Looking At Nada For Your Trade $ Is Like Looking At The Window Sticker For Your Buying Price They Are Both At Retail..if A Dealer Is Giving You Nada Then You Either Have A One Of A Kind Off The Show Room Floor Truck Or The Are Charging You Some Where For The Loss They Are Going To Take On Your Trade.
oteo125 06-14-2005, 07:16 PM this program gm is running really helps those that are buying new byt it will kill the bluebook on used cars and trucks.
Drillchart 06-14-2005, 11:19 PM I was just at a GMC dealer today with a friend pricing out his truck that he is wants to buy and another customer was questioning why her trade in was so low, the saleslady answered with this. Before when you traded in a vehicle, we were pricing on retail as you were buying a new vehicle at retail price now we are pricing trade-ins at whole sale because you are now buying new at wholesale cost.
Kinda made sense to me, they would really lose their shirts if they were to sell at whole sale and trade at retail.
Just my .02
TexasZX225 06-15-2005, 08:29 AM If you look at the invoice for any GM vehicle, on the last page it will always have the MSRP, the GM Supplier dicount price and the Employee discount price (they are labeled with some sort of acronym). I have always used those to see what I could negotiate down to.
shawnrans 06-15-2005, 04:00 PM No scam. Went to a dealer yesterday and the prices were posted right on the window along with the MSRP. Not sure about the trade in value though. I'll find out today what they will give me for my '05 Dodge Cumapart!! New SLT Dually MSRP $51,000. Employee price $39,946.After looking at inventory on the net I went to a stealer today and although the GM site priced the same vehicle ( per the vin number) at 38k, the stealer said 44k, when I said the GM site said 38K , he came back with a home made "sticker" and said "see this is the lowest employee price" 42K.
I said "OK" lets keep this game going, because I already know I won't be buying from this Jerk, so I might as well bust his chops while I'm here. So I said that's fine can you give me a trade in value on my 04.5 LLY 3500 CC SRW - he came back with my vehicle is worth 20K.
So my question is, is this GM thing a scam, just to get people in an steal their trades, or are the dealers so ticked off at GM that instead of refusing to sell a vehicle at the discounts they just give you a ridiculous price on your trade so you run out of the building? :lol:
04bowtie 06-15-2005, 07:28 PM I am a salesman at Brown & Brown Chevrolet in Mesa AZ. The GM employee pricing is the real deal. However, some dealerships or particular salesman willmight try to get out of giving that price to you. On a CCSB Dmax you should get $10+ off the sticker price if you take the rebate. Also you are always better off getting your own financing together or at least know what rate you can get with whatever bank or credit union you use before you step foot on the dealership. And with your trade in, you need to try to negotiate more money for it if you can. Yes they will try to low ball your trade but don't let them. Also you can make the dealer give you a copy of the invoice. It will have the MSRP, Invoice, GM Supplier, and GMS (the employee discount) The one thing it won't have is holdback. The dealer does not want anyone to know what holdback even is so as a consumer you will probably never know what it is.
LyleP 06-15-2005, 09:23 PM For reference, 3% of MSRP, not including destination for Chevrolet. There's a good discussion of holdback by manufacturer here:
http://www.edmunds.com/advice/incentives/holdback/?synpartner=edmunds&pageurl=www.edmunds.com/advice/incentives/holdback
Steelheader 06-16-2005, 12:57 AM I just bought my 05 CC LB 2500HD using the employee discount- the day before the discount went into effect, the same truck cost me $2300 more at the same dealer (Dave Smith in Idaho). After alot of review, I figure I did OK- especially considering the used car stealers in E. Washington wanted $30K for a 2002 with 100K miles on it...pretty consistently, and no bargaining.
Good luck. I think the GMS pricing is for real, but check your numbers.
Kendall69 06-16-2005, 10:01 AM The dealer I dealy with said in no uncertain terms - take it or leave it when they offered me 10k BELOW wholesale LOW blue book for my trade. And the days are long gone with just get up and start walking out, and the dealer will come running after you, that and service stations cleaning youe windshield are long gone during this sale.
What are they going to do with all the trades pouring into the dealerships?
Kendall69 06-16-2005, 10:02 AM The dealer I dealt with said in no uncertain terms - take it or leave it when they offered me 10k BELOW wholesale LOW blue book for my trade. And the days are long gone with just get up and start walking out, and the dealer will come running after you, that and service stations cleaning youe windshield are long gone during this sale.
What are they going to do with all the trades pouring into the dealerships?
Trotorx2 06-16-2005, 11:34 AM The dealer I dealt with said in no uncertain terms - take it or leave it when they offered me 10k BELOW wholesale LOW blue book for my trade. And the days are long gone with just get up and start walking out, and the dealer will come running after you, that and service stations cleaning youe windshield are long gone during this sale.
What are they going to do with all the trades pouring into the dealerships?
I received pretty much the same experience.
Around here I'm not seeing many new trucks running the roads. The trucks I was trying to buy are still at the dealers.
It doesn't look like around here that there will be a flood of used trucks.
FLSTFI Dave 06-16-2005, 01:22 PM The dealer I delt with was great. He told me what the price was, I had the web print out. He then said I could also get the 3000 cash back. I then told him I wanted to trade my 01 Chevy CC dooly Duramax / Allison. He told me He would only give wholesale for it. I said ok. He came back after looking at my truck and said 16,000 due to high miles, 122,000 miles. I replied I thought you said wholesale. He said that was correct, and I said then it needs to be 18,000 and handed him the print out from my bank with my trucks VIN and theLoan value, trade value and retail value. He went to talk to some one and five minutes later agreed the the 18,000 trade value on my truck.
noproblem 06-16-2005, 09:55 PM I have a FIN or FAN number through GM. I have bought 8 Chevrolet trucks in a little over a year. I called a dealership yesterday and asked them to find me a 05 LT Crew Cab, he said I only have one in stock. I told him that this was going to be for me to drive and I was going to give an employee my 03, I was going to trade in an 05 Z71 that I bought in Feb, He said I will call you back but I do not think you will want to trade because of the discounts on the new ones they were holding back on the trades. He said his truck stickers for 48 and some change but I could get it for right at 40,000 INCLUDING the rebate.I explained I had bought this truck with my FAN (FIN) number plus rebates so I should be ok as far as trade value. He said he doubted it. He never called me back. So I called the dealership I have the relationship with and asked him to find me the same truck. He did not have one so I told him that Bankston had the one that I want. He found it told me I could get it for 36,500. He would also give me 26,500 for the Z71 (did not take the truck in for appraisel) which is what I owe. I will end up with a 48 something truck financing just a bit under 40,000. No money down just get in and drive. I have not even seen the truck yet all my negotiating was over the phone including the finaning. I guess this is a benefit of my past purchases from this dealership. They are getting the truck tomorrow from the first dealership I should be ble to pick it up by noon Friday. If you want it look around some dealers will still work for the business.
Trotorx2 06-16-2005, 10:56 PM Well I'm glad ya'll are finding deals. Like I said before here it is take it or leave it...don't let the door hit ya in the ass on the way out! I even got a letter from the stealer that tried the most to screw me saying "Thanks for the opportunity to get your business". As much as a die hard GM man I'm starting to think about finding a new company to do business with. Maybe next year I'll have cooled off and will try doing business with one of the big dealers in Houston but the local dealers here have lost a customer.
lilwes278 06-17-2005, 02:07 AM The dealer I delt with was great. He told me what the price was, I had the web print out. He then said I could also get the 3000 cash back.
So let me get this straight... With the deals they have going right now, you got the employee price (roughly $10,000 off according to the website), PLUS they gave you the $3,000 cash back? I thought the $3,000 cash back was included in the $10,000 (plus or minus) off the sticker price... :confused:
FLSTFI Dave 06-17-2005, 06:25 AM So let me get this straight... With the deals they have going right now, you got the employee price (roughly $10,000 off according to the website), PLUS they gave you the $3,000 cash back? I thought the $3,000 cash back was included in the $10,000 (plus or minus) off the sticker price... :confused:
Yep, GM employee discount plus 3000 rebate or 4.9% financing for 72 months. I took the 3000 and found my own 5.5 financing. My new truck was 51K and change MSRP, my price was 38K and change with GMS and 3K rebate.:D
04bowtie 06-17-2005, 10:00 AM The 3 grand is inclueded in the $10K off. Its just the more expensive the vehicle the bigger the discount because of all the markup on the options and stuff. I just priced a truck that MSRP was $44.1 and GMS plus rebates was like $33.8.
noproblem 06-17-2005, 12:26 PM Not trying to argue with you, but I found that dealerships may hide the 3g rebate. Meaning they could discout the truck 7g add the 3g rebate making you feel as if you just got the max GM discount. your right the more expensive the truck the higher the discount, however the rebate is and incentive to by either a Silverado or Duramax whatever the rebate is for right now. You should still be able to take the incentivized rates rather than the 3g rebate and still get atleast 10g off the MSRP. Financing an American made vehicle for 6 years is insane, especailly with Dodge, Ford and now GM whoring out there vehicles and ruining the used car market. If you take the incentivized rates rather than the rebate, if the rates are for 72 months it makes terrible sense the reduced price per month is not worth the negative equity you will acrue. Unless you are going to keep it 6 years and then it may be a good deal.
| |