Current incentives?
Thread Starter
Safety Car
Joined: Apr 2009
Posts: 4,168
Likes: 3
From: Dyer IN
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Melting Slicks
Joined: Jan 2004
Posts: 2,246
Likes: 5
From: West Coast
If I were you. I would buy a USED 2010. The amount you would save in buying used would make the GM incentives seem meaningless. Which IMHO, they are.
Check your state, some states if you buy used private party, you pay ZERO $ in sales taxes. That alone can save you $5k or more.
If you have good credit, you can get 2.9% APR from credit unions for a 5 year or 4 year term.
I've seen low mileage 2010 GS's, that sold for $55k + $5k in taxes = $60k. That same car is selling for $42k. That is a savings of $18k! As I said, that $1k or $3k GM incentive is a joke.
UNLESS you have A LOT of cash on hand. In this economy, DO NOT buy new. You can lose your job and you will be UPSIDE DOWN on your car loan. There are a few members of the forum that have lost their jobs and are now losing their Vettes. Selling a car for LESS than you owe on it is salt on the wound.
Check your state, some states if you buy used private party, you pay ZERO $ in sales taxes. That alone can save you $5k or more.
If you have good credit, you can get 2.9% APR from credit unions for a 5 year or 4 year term.
I've seen low mileage 2010 GS's, that sold for $55k + $5k in taxes = $60k. That same car is selling for $42k. That is a savings of $18k! As I said, that $1k or $3k GM incentive is a joke.
UNLESS you have A LOT of cash on hand. In this economy, DO NOT buy new. You can lose your job and you will be UPSIDE DOWN on your car loan. There are a few members of the forum that have lost their jobs and are now losing their Vettes. Selling a car for LESS than you owe on it is salt on the wound.
Last edited by LBear; Nov 28, 2010 at 10:59 PM.
Racer
Joined: Apr 2007
Posts: 402
Likes: 47
From: Los Angeles California
By late spring, early summer, that discount will climb to more than $10K off MSRP. Happens every year. I have seen discounts on new 2011s in the C6 Dealer Inventory section of this forum for over $11K off MSRP on new 2011 Vettes. Just look in that section and take your pick!
Burning Brakes
Joined: Nov 2010
Posts: 783
Likes: 1
From: MONTGOMERY ALABAMA
Melting Slicks
Joined: Sep 2010
Posts: 2,129
Likes: 1
From: Clarksburg Maryland
Well that blows...guess I should have waited just a couple more months...as I did get 0% financing but, man I would have loved to have had the $3k and no payments til Feb. That would have been SWWWEETT!
Le Mans Master
Joined: Jul 1999
Posts: 5,029
Likes: 282
From: Cincinnati Ohio
Le Mans Master
Joined: Oct 2002
Posts: 8,008
Likes: 49
From: Hoover, AL NCM Life Member #2438
Melting Slicks
Joined: Sep 2010
Posts: 2,129
Likes: 1
From: Clarksburg Maryland
Good..cause that would have kind of made me sick...LOL!
I know Chevy is doing both on the trucks and traverse. Saw that this weekend...so, it's 0% plus $1500.00 cash plus no payments til spring. That is one heck of a deal!
I know Chevy is doing both on the trucks and traverse. Saw that this weekend...so, it's 0% plus $1500.00 cash plus no payments til spring. That is one heck of a deal!
Le Mans Master
Joined: Oct 2002
Posts: 8,008
Likes: 49
From: Hoover, AL NCM Life Member #2438
the 3k is the same rebate that has been there since may of this year as I took the 3k when I bought the GS... Got lucky actually, was 1k when I ordered in late april and then got a phone call the first week of may that I had made 2k.... SWEET!!! car was built on mother's day weekebd and I picked it up on 5/20