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#101294 - 07/04/05 08:30 PM Anyone buy a new GM?
michael_d Offline
connoisseur

Registered: 07/23/04
Posts: 3922
Loc: Up yonder
Anyone buy a new GM? I couldn’t pass it up. I got $12,000 off the MSRP of a new truck. I hadn’t planned to buy a new truck until next spring, but at this price, I couldn’t resist. Plus, my Dodge was getting dirty….lol

And they extended it until the 1st of August if you missed out.

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#101295 - 07/04/05 08:41 PM Re: Anyone buy a new GM?
craigsub Offline
connoisseur

Registered: 12/15/03
Posts: 1306
And it appears Ford Motor Co. and Daimler-Chrysler are going to join this party. A LOT of vehicles will be sold in July.

As a dealer, it does make me wonder if this is going to be a longer term idea - like "low rates" have become.

The downside ? Used vehicle values are dropping pretty fast, but if this becomes the new way to buy cars, long term, people will save a LOT of $$$$.
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#101296 - 07/04/05 09:09 PM Re: Anyone buy a new GM?
SirQuack Offline
shareholder in the making

Registered: 01/29/04
Posts: 13344
Loc: Iowa
that is great Mike, my wife and I went through some of the lots yesterday....Tahoe's in the 20k's, not a bad deal...My wife is considering a Trailblazer.
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#101297 - 07/04/05 10:16 PM Re: Anyone buy a new GM?
michael_d Offline
connoisseur

Registered: 07/23/04
Posts: 3922
Loc: Up yonder
Craig,
The price of new vehicles has become ridiculous. I never buy on credit or pay MSRP, but still, way too much in the end. The prices have exceeded the inflation rate by a large margin. I have a three year rotation where I buy a new vehicle, and set aside a few bucks every month to pay the difference when I sell the current vehicle. It keeps me in a new rig, under warranty, and I get to try new rigs out.

It would appear that even with the cash I saved on the new rig, like you said, used vehicle prices are plummeting. I hadn’t figured that until after I bought the dam thing. So my net savings is not as much as I had thought. Oh well…..it’s only money. At least I got a sunroof this time.

You’re a dealer? What make? I’m assuming Chevy seeing how you have a C5.

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#101298 - 07/04/05 10:17 PM Re: Anyone buy a new GM?
Zarak Offline
connoisseur

Registered: 03/09/03
Posts: 1849
Loc: PA
What's the special they are running that is the cause for the big discounts?

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#101299 - 07/04/05 10:22 PM Re: Anyone buy a new GM?
michael_d Offline
connoisseur

Registered: 07/23/04
Posts: 3922
Loc: Up yonder
My girlfriend is considering a Trailblazer. Nice little rigs. Those Equanoxes are pretty nice too. I like the AWD they have. I wanted a Silverado SS, but they didn’t have one, so I ended up with a Sierra Denali. Too bad it has a Bose stereo though. I’m going to have to pull it out just out of principle – no matter how good it sounds.
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#101300 - 07/04/05 10:23 PM Re: Anyone buy a new GM?
craigsub Offline
connoisseur

Registered: 12/15/03
Posts: 1306
If it makes you feel better, cars have had lower inflation than health care, housing, taxes, and fuel....

I am a partner in a Ford Lincoln-Mercury and two Dodge Chrysler Jeep dealerships. My main biz is in financial services working with dealerships, including a lot of GM stores. The Vette is now a C-6, BTW.

My work car is a Ford 500 - and my wife drives an Excursion Diesel.
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#101301 - 07/04/05 10:25 PM Re: Anyone buy a new GM?
michael_d Offline
connoisseur

Registered: 07/23/04
Posts: 3922
Loc: Up yonder
GM is selling all vehicles (except Vettes…..dammit!!) at the employee price. Plus, some dealers are also giving the rebates that have been available for the past few months as well. GM had to do something to get sales margins up or suffer massive stock losses.
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#101302 - 07/04/05 10:26 PM Re: Anyone buy a new GM?
craigsub Offline
connoisseur

Registered: 12/15/03
Posts: 1306
For years, The Car makers have allowed employees to pay less than dealer cost for a vehicle. The dealer who sells the employee gets a flat % on that car from the manufacturer.

They have expanded this to everyone on everything BUT the Vette.

From the consumer's point of view, this is a great way to buy - no haggling, just a cheap price.
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#101303 - 07/04/05 10:29 PM Re: Anyone buy a new GM?
Wid Offline
axiomite

Registered: 06/22/03
Posts: 6722
Loc: The Peoples Republic of Il.
In reply to:

My work car is a Ford 500





If I were to get a new car right now that is what I would be looking at.........beautiful car imo.
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Rick


"A fear of weapons is a sign of retarded sexual and emotional maturity." Sigmund Freud


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