Pitfalls of Credit Union discount?
#22
Burning Brakes
Thread Starter
that was good news
Easiest deal I've ever made. Went on the website and got my authorization number. My local CU was on the list so $10.00 later I was again a member. I checked with my local Vette vendors who declined to participate so an email to Dave @ Kerbeck and I was setup for a museum delivery in minutes.
#23
Racer
How can there be a 'pitfall' with saving money? It's a no brainer when you're spending 70 grand and saving 7k. Here in Florida Dealers won;'t give you a dime off sticker, I know, I tried. Finally found Rick Conti from Coughlin Chevy in OH that GLADLY gave me the GMCU discount. I ordered my car on Sept 9 and will take delivery on Nov 3rd at NCM. The BEST car buying experience I ever had. No BS and everything Rick said was honest and true. He didn't even ask me for a deposit!! How many Dealers will do that? Call him and tell him I sent you.
My new baby...........
My new baby...........
#25
Drifting
Like everyone has said finding a dealer that takes the GM Supplier / Employee discount is the hard part. There are no dealers in the State of Florida that excepts it, I know I tried. What I did find out is dealers in towns with a lot of GM employees (GM Plants/GM Headquarters) almost have to accept the discount because so much of their client base will be eligible. Most dealers that do not have a strong GM employee base will not accept the GM discount. Rodgers Chevrolet just outside of Detroit handles the sales for most of the GM executives even though they are a little known dealership. Les Stanford is the only big name dealer on this forum that I know of that accepts the supplier discount. Good luck with your new car.
#26
Melting Slicks
#28
Related to discounts, USAA sent out an email with something like $750 off the purchase of a new vehicle and the 2015 Stingray shows on the list. I'd just ordered one and called my dealer. He basically said nobody honors the USAA discount and it shouldn't be on their website.
My dealer is a forum dealer and I trust him on this. The bad side is that because I inquired on USAA's website, I immediately got 15 emails and 10 phone calls from every Chevy dealer within a 80 mile radius.
My dealer is a forum dealer and I trust him on this. The bad side is that because I inquired on USAA's website, I immediately got 15 emails and 10 phone calls from every Chevy dealer within a 80 mile radius.
#29
No need. Courtesy delivery for $200. Some do it for free.
Also, for $6-7K you can buy a one way plane ticket and a lot of gas and hotel rooms for your trip back to wherever you live from the forum dealer. Or you could buy from a forum dealer with the discount, get the Museum delivery if you wish, drive home from Bowling Green, and you'll still have thousands of dollars of savings.
#30
#31
Melting Slicks
Not totally sure about this, but I think one of the differences between supplier and CU is with supplier the dealer doc fees are capped at $75, where CU can be whatever the dealer normally charges.... like $495 at a Hendrick dealer for example.
#32
Safety Car
One more time, and your dealer or the above mentioned website will confirm, it is Invoice price plus $200. It is not $6000 off. Depending on the car it may be less, probably more. All you need to do is get a authorization number off the website and give it to your dealer.
I belonged to A credit union.
#33
Instructor
I used the educator discount to get supplier pricing in September. Most local dealers would not accept supplier pricing, but a dealer 1.5 hours from me did accept it on an in stock Corvette they had. I saved $5700 off of sticker price and was able to also use my GM points..
#34
Safety Car
None really. The only people who are not taking advantage of the CU discount would be:
1) People who do not realize it exist
2) People who shop a dealer who will not honor it
3) People who prefer to brag that they paid cash for their car
4) People who are to stubborn to use an approved CU.. instead of their own bank
5) People who think they can negotiate a better deal on their own
In almost any example I can think of. As long as the vehicle qualifies for the CU discount, then it is quite simply the cheapest price to be found on the car. The CU discount can be as much as $7,000 on a new Stingray. Even if you are paying cash, you would be wise to find a CU that will finance the vehicle and simply let you pay off the loan early. That way you can still get the CU discount.. without the liability of being stuck to a long term loan.
1) People who do not realize it exist
2) People who shop a dealer who will not honor it
3) People who prefer to brag that they paid cash for their car
4) People who are to stubborn to use an approved CU.. instead of their own bank
5) People who think they can negotiate a better deal on their own
In almost any example I can think of. As long as the vehicle qualifies for the CU discount, then it is quite simply the cheapest price to be found on the car. The CU discount can be as much as $7,000 on a new Stingray. Even if you are paying cash, you would be wise to find a CU that will finance the vehicle and simply let you pay off the loan early. That way you can still get the CU discount.. without the liability of being stuck to a long term loan.
#35
Safety Car
None really. The only people who are not taking advantage of the CU discount would be:
1) People who do not realize it exist
2) People who shop a dealer who will not honor it
3) People who prefer to brag that they paid cash for their car
4) People who are to stubborn to use an approved CU.. instead of their own bank
5) People who think they can negotiate a better deal on their own
In almost any example I can think of. As long as the vehicle qualifies for the CU discount, then it is quite simply the cheapest price to be found on the car. The CU discount can be as much as $7,000 on a new Stingray. Even if you are paying cash, you would be wise to find a CU that will finance the vehicle and simply let you pay off the loan early. That way you can still get the CU discount.. without the liability of being stuck to a long term loan.
1) People who do not realize it exist
2) People who shop a dealer who will not honor it
3) People who prefer to brag that they paid cash for their car
4) People who are to stubborn to use an approved CU.. instead of their own bank
5) People who think they can negotiate a better deal on their own
In almost any example I can think of. As long as the vehicle qualifies for the CU discount, then it is quite simply the cheapest price to be found on the car. The CU discount can be as much as $7,000 on a new Stingray. Even if you are paying cash, you would be wise to find a CU that will finance the vehicle and simply let you pay off the loan early. That way you can still get the CU discount.. without the liability of being stuck to a long term loan.
#36
Moderator
None really. The only people who are not taking advantage of the CU discount would be:
1) People who do not realize it exist
2) People who shop a dealer who will not honor it
3) People who prefer to brag that they paid cash for their car
4) People who are to stubborn to use an approved CU.. instead of their own bank
5) People who think they can negotiate a better deal on their own
In almost any example I can think of. As long as the vehicle qualifies for the CU discount, then it is quite simply the cheapest price to be found on the car. The CU discount can be as much as $7,000 on a new Stingray. Even if you are paying cash, you would be wise to find a CU that will finance the vehicle and simply let you pay off the loan early. That way you can still get the CU discount.. without the liability of being stuck to a long term loan.
1) People who do not realize it exist
2) People who shop a dealer who will not honor it
3) People who prefer to brag that they paid cash for their car
4) People who are to stubborn to use an approved CU.. instead of their own bank
5) People who think they can negotiate a better deal on their own
In almost any example I can think of. As long as the vehicle qualifies for the CU discount, then it is quite simply the cheapest price to be found on the car. The CU discount can be as much as $7,000 on a new Stingray. Even if you are paying cash, you would be wise to find a CU that will finance the vehicle and simply let you pay off the loan early. That way you can still get the CU discount.. without the liability of being stuck to a long term loan.
3 and 4 are not relevant. To get CU Discount, you only have to be a member of an eligible Credit Union. You DO NOT have to get a loan from said Credit Union.
#37
Moderator
One more time, and your dealer or the above mentioned website will confirm, it is Invoice price plus $200. It is not $6000 off. Depending on the car it may be less, probably more. All you need to do is get a authorization number off the website and give it to your dealer.
Sorry, but you are not reading fdxpilot's response correctly. He stated that the CU Discount is not a fixed $6000 off, but rather Invoice plus $200. The higher the MSRP, the larger the discount will be. He even states that "depending on the car it may be less, probably more".
Nothing in your post contradicts what fdxpilot stated.
#38
#39
Safety Car
Sorry, but you are not reading fdxpilot's response correctly. He stated that the CU Discount is not a fixed $6000 off, but rather Invoice plus $200. The higher the MSRP, the larger the discount will be. He even states that "depending on the car it may be less, probably more".
Nothing in your post contradicts what fdxpilot stated.
Nothing in your post contradicts what fdxpilot stated.