please provide your input
Thread Starter
Drifting
Joined: Sep 2010
Posts: 1,366
Likes: 105
From: Needham MA
please provide your input
Long story short---looking to possibly trade-in my C6 for a C7, and the reputable dealer in a neigboring state is telling me that in order to get the disount off MSRP they are offering, I have to join a credit union? Why can't they just offer the dealer invoice plus or minus whatever? It is a sizeable discount---does this sound legit? Thank you.
Team Owner
Joined: Sep 2014
Posts: 26,430
Likes: 493
Long story short---looking to possibly trade-in my C6 for a C7, and the reputable dealer in a neigboring state is telling me that in order to get the disount off MSRP they are offering, I have to join a credit union? Why can't they just offer the dealer invoice plus or minus whatever? It is a sizeable discount---does this sound legit? Thank you.
Pro
Joined: Feb 2012
Posts: 746
Likes: 15
I've been offered deals like that and went ahead and joined for the savings. I'm still a member of one credit union.
The savings might be passed on through the credit union in the form of interest reductions. No other bank may have those incentives.
The savings might be passed on through the credit union in the form of interest reductions. No other bank may have those incentives.
Heel & Toe
Joined: Oct 2014
Posts: 18
Likes: 0
From: Warner Robins GA
Sounds a little shady although every state has different rules and regulations as far as lending is concerned. Only time I've ever seen a discount in purchase price is when I financed through GMAC.
Burning Brakes
Joined: Oct 2011
Posts: 915
Likes: 24
I am a member of like 5 different credit unions from different car purchases over the years. I will simply go with whoever provides the best APR/terms, and it's never the same place twice..
I say read the terms, but ultimately, if it's the deal you want.. just go for it. It's so easy to configure automatic payments to just about every bank in the world, I just really don't care who is receiving my money, but rather, that I got the best deal possible.
I say read the terms, but ultimately, if it's the deal you want.. just go for it. It's so easy to configure automatic payments to just about every bank in the world, I just really don't care who is receiving my money, but rather, that I got the best deal possible.
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Race Director
Joined: Jan 2011
Posts: 11,973
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From: Tonawanda New York
We joined SEFCU credit union last year,they only require $1 to open an account. Then I bought a used 08' Caddy CTS4 and financed with them at 60 months @ 2.4%. Credit Unions rock!! 
Le Mans Master
Joined: Jul 2004
Posts: 5,040
Likes: 939
From: Bonney Lake Washington
yup.........
Long story short---looking to possibly trade-in my C6 for a C7, and the reputable dealer in a neigboring state is telling me that in order to get the disount off MSRP they are offering, I have to join a credit union? Why can't they just offer the dealer invoice plus or minus whatever? It is a sizeable discount---does this sound legit? Thank you.
Le Mans Master
Joined: Sep 2006
Posts: 9,598
Likes: 960
From: Palm Harbor not far from Sebring Florida
St. Jude Donor '11
Oldtimer
I talked to a guy last Friday and he is about to buy a new 2015 Corvette, and he told me that if you belong to a credit union, you can get $4K off MSRP at participating dealers.
Team Owner
Joined: Aug 2006
Posts: 25,105
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C6 of Year Finalist (appearance mods) 2019
Instructor
Joined: Nov 2004
Posts: 179
Likes: 12
From: Forest Virginia
The last time we bought a new Chevrolet product we only had to prove that we were members of a credit union, but there was not a requirement to finance through them. There are so many hidden discount deals with car manufacturers - discounts they arrange with associations, large employers, etc. Sometimes, but not very often, they are stackable discounts. Ask to see the list - you might qualify for something even better. USAA has a car buying service also and we worked our best deal on a used Vette and then got a discount on top of that with USAA because it happened to be a participating dealer.