Ordering 2018 - GM Employee pricing vs Forum dealer discounts
#1
Drifting
Thread Starter
Member Since: Sep 2017
Location: Schaumburg, IL
Posts: 1,407
Received 743 Likes
on
407 Posts
C7 of Year Finalist (performance mods) 2019
Ordering 2018 - GM Employee pricing vs Forum dealer discounts
I'm planning to order a 2018 Z06 very soon.
I'll have GM Employee pricing via a relative, but will the forum dealers here be able to offer sharper discounts than GM Employee pricing?
If I do select one of them, I assume I'll need to add in additional freight costs.
I'm not to far from the top Corvette dealer in my state but they don't sell nearly the volume the Forum dealers here do.
Would dealer allocation play a factor if I do buy from the smaller local dealer? They sold 100 vettes last year.
I also have $2-3k in GM Rewards cards points. Can I stack those with Employee pricing? If not, would it make sense to purchase from one of the forum dealers and then apply the points?
Thank you
I'll have GM Employee pricing via a relative, but will the forum dealers here be able to offer sharper discounts than GM Employee pricing?
If I do select one of them, I assume I'll need to add in additional freight costs.
I'm not to far from the top Corvette dealer in my state but they don't sell nearly the volume the Forum dealers here do.
Would dealer allocation play a factor if I do buy from the smaller local dealer? They sold 100 vettes last year.
I also have $2-3k in GM Rewards cards points. Can I stack those with Employee pricing? If not, would it make sense to purchase from one of the forum dealers and then apply the points?
Thank you
#2
Race Director
I just bought a new C7. i could get GM employee discount and i had $3000 on my Gm MasterCard. I could not use the $3000 and GM employee discount. My dealer wrote it up both ways and it was close to $1000 cheaper to use the $3000 GM card money. Now there is a I think it's called GM Family First MasterCard that can be used with GM employee discount but it only pays 1%.
#3
Instructor
Slightly better from the dealer
Shop both ways. My nephew got me a GM Family First authorization code in late spring for a new 2017. I then shopped just the 4 largest dealers from the forum 3 out of 4 were less than employee price. My local dealer (who gave me an all-day test drive in a used 2015 Z51) then matched the all-in lowest quote.
(FWIW, I placed a deposit, but missed the cutoff for ordering a 2017. My dealer held the price and delivered a 2018.)
(FWIW, I placed a deposit, but missed the cutoff for ordering a 2017. My dealer held the price and delivered a 2018.)
#4
Burning Brakes
For a 2018 order, I "think" GM Employee pricing is going to work out to be around 13% off MSRP based on what I can determine from past investigations. MacMulkin gave me 11% off to order. So there is an advantage to the GM employee pricing.
You should not have to add in additional freight charges if you do a courtesy delivery. You will have to pay the Courtesy delivery dealer for their Pre-delivery inspection (PDI) and the paperwork. I am paying $300 on my order. When I checked around in Florida, a lot of dealers won't do it and those that would, want between $300 and $600. But each area is different.
It is my perception that dealer allocation does play a role in how much they will knock off. If I was a dealer and I had a small allocation of Vettes that I could order, and I didn't care about growing my corvette sales because I am not in a high corvette volume sales area, why would I want to use a precious allocation on someone looking for a great price? Maybe if one is ordering a heavily optioned ZO6 but probably not on a $60K base
I don't know about the rewards points being combined with GM Employee pricing. It seems that you should be able to combine them.
You should not have to add in additional freight charges if you do a courtesy delivery. You will have to pay the Courtesy delivery dealer for their Pre-delivery inspection (PDI) and the paperwork. I am paying $300 on my order. When I checked around in Florida, a lot of dealers won't do it and those that would, want between $300 and $600. But each area is different.
It is my perception that dealer allocation does play a role in how much they will knock off. If I was a dealer and I had a small allocation of Vettes that I could order, and I didn't care about growing my corvette sales because I am not in a high corvette volume sales area, why would I want to use a precious allocation on someone looking for a great price? Maybe if one is ordering a heavily optioned ZO6 but probably not on a $60K base
I don't know about the rewards points being combined with GM Employee pricing. It seems that you should be able to combine them.
Last edited by Frosty; 09-19-2017 at 04:58 PM.
The following users liked this post:
Skid Row Joe (09-19-2017)
#6
Melting Slicks
Employee discount must be a immediate family member to employee. Then there is friend & family employee can give this discount out ,this discount % off is smaller than the Employee discount. When I ordered my 17 GS I used the employee discount cause it worked out best at that time. A lot of times when using Employee discount other rebates/ bonus tag can't be used with Employee discount. Three month later got my wife a Acadia and didn't use Employee discount because dealer mark down and other rebates were stacked together and was cheaper in the end. So even if you qualify for either GM discounts check out pricing from all different ways .If you want to use GM Card point /dollars and get Employee discount you will need the GM family first card to be able to claim both.
Last edited by Borntorun04/17; 09-19-2017 at 08:41 PM.
The following users liked this post:
4U2ENV (11-24-2017)
#7
Melting Slicks
I just bought a new C7. i could get GM employee discount and i had $3000 on my Gm MasterCard. I could not use the $3000 and GM employee discount. My dealer wrote it up both ways and it was close to $1000 cheaper to use the $3000 GM card money. Now there is a I think it's called GM Family First MasterCard that can be used with GM employee discount but it only pays 1%.
#8
You're just going to have to shop by price - not allocation. I've found here in Texas and Louisiana, the Chevy dealers that I shopped will all tell you they're a high volume Corvette seller, in an effort to get your business. But not even one would order a new Corvette built to order, for more than a 5% discount off MSRP. That's a joke. You can do a built to order -11% off MSRP with MacMulkin Chev. every day.
#9
Safety Car
Member Since: Feb 2016
Location: Bainbridge Island WA
Posts: 4,980
Received 3,818 Likes
on
1,614 Posts
Irrelevant to most of us who do not have access to the GM Employee discount. You know who the forum dealers are. Call them up, get your price, and figure it out. Do the math. It's kind of like you having a relative who works at the police department and can fix your ticket, asking us commoners if we know of any better deals. We're not as special as you are. We don't have access by virtue of our genealogy like you do. We rely on the competitive open market to get the best deal we can instead of piggy back on a relative for special treatment.
#10
I've purchased (4) C7s on GMS pricing and the discount has ranged between 12.7% to 10.4%. It has decreased since 2015 so I dont know what to expect on the 18s. Typically though if you're using the discount you have much room for negotiation on your trade. You should do some research on how to read and understand the invoice, it will help you decide how much you can push for. My dealers have been creative in providing additional discounts in the form of "referral fees" on top of the discount.
I just looked at the GMS pricing for the '18 i am looking at, its 10.4% from MSRP. I feel like you can beat this walking in off the street.
I just looked at the GMS pricing for the '18 i am looking at, its 10.4% from MSRP. I feel like you can beat this walking in off the street.
Last edited by bd377103; 09-19-2017 at 10:25 PM.
#11
People are confusing true employee pricing with supplier pricing and friends and family pricing. There is no cheaper way to buy a new GM vehicle than true employee pricing but you need to have a very close relative who works for GM to qualify.
#12
GM Employee pricing limits the amount of the dealer DOC. fee so that is not true.
People are confusing true employee pricing with supplier pricing and friends and family pricing. There is no cheaper way to buy a new GM vehicle than true employee pricing but you need to have a very close relative who works for GM to qualify.
People are confusing true employee pricing with supplier pricing and friends and family pricing. There is no cheaper way to buy a new GM vehicle than true employee pricing but you need to have a very close relative who works for GM to qualify.
#13
As a retired GM dealer in a GM town that sold hundreds of employee deals a year...it is the case. Because of rebates, the dealer could sell a car for less than printed GM Employee price from the invoice. That conveniently ignores the fact that dealers are required to pass on rebates to the employee which makes the vehicle cheaper for them. For years dealers have tried to convince buyers of what you are saying. Unfortunately they are misleading in most of their claims and unless they choose to lose money on the deal, they cannot beat employee price.
#14
Burning Brakes
Even with skinny margins both dealers did an excellent prep job.
I don't know how the forum guys manage to make acceptable margins at 11% or more discounts on current model year vettes. God bless them for being a great alternative for those of us that don't have the GMS deal.
Based on state regulations, "doc" fees may be fixed and not a big deal. I went to Rick Hendrick Chev in Charleston and was surprised at the flat $500. Its reasonable.
Size of dealer and relationship with zone people can impact getting an allocation. Could be they have one in hand or could be they get sidelined for a few weeks while bigger dealers get the available allocations.
In my two vette purchases - my first one - in summer 2015 - took about six weeks for the smaller local chevy dealer to get the allocation. The second one - this past April was done in 48 hours by a call to zone guys on the last day of 2017 orders. Rick Hendrick has gravitas.
#15
Platinum Supporting Dealership
Keep in mind that even though 10%+ off of a new Corvette sounds like a great deal, but think about what you're getting as a trade value, think about your traveling expenses, shipping, etc... It might be a good deal for some, but it is not for everyone!
The following users liked this post:
LIE2ME (11-24-2017)
#16
Corvette Enthusiast
Member Since: Oct 2005
Location: Troy & Dearborn, Michigan
Posts: 5,343
Received 921 Likes
on
614 Posts
If you have access to the Full GM Employee discount (not the Supplier/Military/Friends and Family Discount). Then just use the discount.
It's 20% off ALL options if I remember right (2LT and 3LT are considered options and 20% off of $9000 is a good chunk), the price off of the BASE MSRP (so 1LT, 1LT Z51, 1LZ Z06) is around 3-4%. So your discount gets bigger as you add more options.
It's 20% off ALL options if I remember right (2LT and 3LT are considered options and 20% off of $9000 is a good chunk), the price off of the BASE MSRP (so 1LT, 1LT Z51, 1LZ Z06) is around 3-4%. So your discount gets bigger as you add more options.
The following users liked this post:
daleong (09-22-2017)
#17
If you have access to the Full GM Employee discount (not the Supplier/Military/Friends and Family Discount). Then just use the discount.
It's 20% off ALL options if I remember right (2LT and 3LT are considered options and 20% off of $9000 is a good chunk), the price off of the BASE MSRP (so 1LT, 1LT Z51, 1LZ Z06) is around 3-4%. So your discount gets bigger as you add more options.
It's 20% off ALL options if I remember right (2LT and 3LT are considered options and 20% off of $9000 is a good chunk), the price off of the BASE MSRP (so 1LT, 1LT Z51, 1LZ Z06) is around 3-4%. So your discount gets bigger as you add more options.
The following users liked this post:
daleong (09-22-2017)
#18
Tech Contributor
Member Since: Oct 1999
Location: Charlotte, NC (formerly Endicott, NY)
Posts: 40,089
Received 8,928 Likes
on
5,333 Posts
Bill
#19
Corvette Enthusiast
Member Since: Oct 2005
Location: Troy & Dearborn, Michigan
Posts: 5,343
Received 921 Likes
on
614 Posts
I know they made some changes in 2009 during the bankruptcy, and granted since then I've only known of my 2016 purchase (my parents haven't bought a new GM in over 10 years) this may have changed. But on each of my 2016's options the percentage was the same. I couldn't remember if it was still 20% or closer to 10% but it was a HARD percentage value not variable.
I actually had a spreadsheet to calculate it and I was within a few dollars to my final bill (my MSRP calculation wasn't dead on).
#20
Team Owner
Member Since: Apr 2001
Location: S.W. Ohio. . . . . . NRA Life Member
Posts: 54,199
Received 173 Likes
on
107 Posts
My last two new Corvette purchases were with the Employee discount; and i was able to use all incentives as well.