Just a way for the dealers to turn there inventory.
GMID certificate question
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Pro
Joined: Apr 2005
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From: Davie FL
GMID certificate question
Ok, I know what a GMID certificate is and that it's up to the dealer if they want to honor it (and it's really hard or impossible to find a dealer to accept it on a C6), but my question is - what does the dealer get out of it? Why does the certificate mean anything to them, does GM give them something for it? If not, wouldn't it be just as easy to negotiate down to that price?
Drifting
Joined: Feb 2005
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Originally Posted by bz94z28
What is the discount on a GMID? I negotiated $5500 off MSRP and the dealership said that was a better deal than the GMID. Is that true?
I think the MSRP was 52500 and I was getting it for 46350 or something, so GMID or supplier is slightly better than the 5500 you negotiated here, but then again depends on the msrp of the car i guess
Safety Car
Joined: Dec 2002
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From: SE Idaho
St. Jude Contributor
Originally Posted by bz94z28
What is the discount on a GMID? I negotiated $5500 off MSRP and the dealership said that was a better deal than the GMID. Is that true?
I also believe the $800.00 for accepting a GMID is over and above the profit. I believe GMID is about 2% above MSRP, but could be wrong.
Biggest reason dealers don't want to sell GMID or especially GMS is that it takes up one of their allocations; cutting their profit margins.
Burning Brakes
Joined: Sep 2004
Posts: 1,084
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From: Boca Raton Florida
My friend could have had the GMS price of about 5K off in January but couldn't sell his current car. He just sold his car and is buying the exact same car for the same price 4 months and 4K miles later (it became a demo) He likes to say he let the Dealer use and abuse it for 4 months at no charge. For new Vettes now that Dealer is MSRP only.
Team Owner
Joined: Feb 2000
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From: Texas
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St. Jude Donor '03 thru '10, '17
Originally Posted by bz94z28
What is the discount on a GMID? I negotiated $5500 off MSRP and the dealership said that was a better deal than the GMID. Is that true?
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Joined: Apr 2005
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Originally Posted by warthog34
Ok, I know what a GMID certificate is and that it's up to the dealer if they want to honor it (and it's really hard or impossible to find a dealer to accept it on a C6), but my question is - what does the dealer get out of it? Why does the certificate mean anything to them, does GM give them something for it? If not, wouldn't it be just as easy to negotiate down to that price?
Instructor
Joined: May 2004
Posts: 131
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From: fremont ca
GMID = gm in the driveway
Gm employees can hand out the cerificates.
I scored one on corvetteforum and it saved me 6k
MRSP 50165 sale price 44416-1krebate = 43416
8k down 36mo 12k lease 398+ tax residual 26700
Anybody think after three I can sell for 30+???
Gm employees can hand out the cerificates.
I scored one on corvetteforum and it saved me 6k
MRSP 50165 sale price 44416-1krebate = 43416
8k down 36mo 12k lease 398+ tax residual 26700
Anybody think after three I can sell for 30+???
Team Owner
Joined: Feb 2000
Posts: 45,240
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From: Texas
CI 1-4-5-8-9-10 Vet
St. Jude Donor '03 thru '10, '17
Originally Posted by jacraw
What's GMID? is that the same as the GM preferred supplier program?