Anyone buy a new GM?
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Joined: Jul 2004
Posts: 4,444 Likes: 16
connoisseur
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OP
connoisseur
Joined: Jul 2004
Posts: 4,444 Likes: 16 |
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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Re: Anyone buy a new GM?
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Joined: Dec 2003
Posts: 2,021 Likes: 1
connoisseur
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connoisseur
Joined: Dec 2003
Posts: 2,021 Likes: 1 |
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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Re: Anyone buy a new GM?
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Joined: Jan 2004
Posts: 13,848 Likes: 14
shareholder in the making
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shareholder in the making
Joined: Jan 2004
Posts: 13,848 Likes: 14 |
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.
M80s VP180 4xM22ow 4xM3ic EP600 2xEP350 AnthemAVM60 Outlaw7700 EmoA500 Epson5040UB FluanceRT85
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Re: Anyone buy a new GM?
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Joined: Jul 2004
Posts: 4,444 Likes: 16
connoisseur
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OP
connoisseur
Joined: Jul 2004
Posts: 4,444 Likes: 16 |
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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Re: Anyone buy a new GM?
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Joined: Mar 2003
Posts: 1,859
connoisseur
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connoisseur
Joined: Mar 2003
Posts: 1,859 |
What's the special they are running that is the cause for the big discounts?
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Re: Anyone buy a new GM?
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Joined: Jul 2004
Posts: 4,444 Likes: 16
connoisseur
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OP
connoisseur
Joined: Jul 2004
Posts: 4,444 Likes: 16 |
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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Re: Anyone buy a new GM?
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Joined: Dec 2003
Posts: 2,021 Likes: 1
connoisseur
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connoisseur
Joined: Dec 2003
Posts: 2,021 Likes: 1 |
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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Re: Anyone buy a new GM?
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Joined: Jul 2004
Posts: 4,444 Likes: 16
connoisseur
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OP
connoisseur
Joined: Jul 2004
Posts: 4,444 Likes: 16 |
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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Re: Anyone buy a new GM?
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Joined: Dec 2003
Posts: 2,021 Likes: 1
connoisseur
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connoisseur
Joined: Dec 2003
Posts: 2,021 Likes: 1 |
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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Re: Anyone buy a new GM?
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Joined: Jun 2003
Posts: 6,833
axiomite
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axiomite
Joined: Jun 2003
Posts: 6,833 |
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.
Rick
"A fear of weapons is a sign of retarded sexual and emotional maturity." Sigmund Freud
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