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Rebates, Incentives, APRs - Questions & Comments

3978 messages,  Last post on Nov 30, 2009 at 9:19 AM

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What is this discussion about? Car Financing


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#3944 of 3978
Re: GM Employee Pricing Extended... [rayainsw] by rivieraranch
Sep 03, 2008 (5:12 pm)
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Replying to: rayainsw (Sep 03, 2008 1:19 pm)

GM extended the program because they did not sell all the 2008 models. This goes to show how slow the economy is right now.
 
I am negotiating on a new 2007 Lucerne and it is shocking how many new 2007 units are still available. Most of the dealers who have these are jerks; that's why they still have them. If they were reasonable they would have sold them long ago.
#3945 of 3978
GMAC PULL AHEAD PROGRAM 10/1/08 by rivieraranch
Sep 13, 2008 (5:52 am)
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The current GMAC pull ahead program, waiving 2 months of payments, is tantamount to a joke.
 
Does anybody have an educated guess as to whether GMAC is likely to increase its pull ahead program in the fourth quarter (10/1/08)?
#3948 of 3978
REBATES by SophiaRose
Feb 04, 2009 (9:58 am)
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I went and looked at a dodge nitro on 01/24th the salesman gave me a figure of $7500 off MSRP. He then said that deal is only good for that day because of the new program, Employee pricing which started 01/26. He called me Monday to let me know it got worst the discount was not $7500 anymore but only $5000. wouldn't you think with slumping sales and things getting worst that it would have gotten better? should I wait to buy? future rebates?
#3949 of 3978
Re: REBATES [SophiaRose] by dtownfb
Feb 06, 2009 (10:27 am)
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Replying to: SophiaRose (Feb 04, 2009 9:58 am)

If you aren't in a hurry to buy a vehicle, wait. I don't see sales improving since we continue to see the unemployment rate increase (fewer buyers). If your current car can last a bit longer, just wait.
#3950 of 3978
Re: REBATES [SophiaRose] by oldfarmer50
Feb 07, 2009 (1:35 pm)
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Replying to: SophiaRose (Feb 04, 2009 9:58 am)

"...He then said that deal is only good for that day..."
 
Have you checked to see if he's telling the truth? While rebates change they usually do so at the beginning of the month. It's an old salesman's tactic to tell you the price is only good today so you feel a sense of urgency.
 
Check with Chrysler (corporate not a dealer) to confirm that the rebate changed at the time the salesman said it did. If he was telling the truth I would go back to him when the rebates are more to your liking. If he was lying, avoid him like the plague.
 
You can get some pretty good idea of current rebates here on Edmunds. Good luck.
#3951 of 3978
Dealer Incentive by Luckyduck
Feb 19, 2009 (1:40 pm)
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Hello, I received a letter in the mail from a local dealer for $7000 off the price for certain new vehicles. They indicated that their pricing is based on Edmunds so my question is, should I expect the $7000 off what edmunds is currently showing for the TMV price or is the $7000 already built into the TMV price?
 
Thanks
#3952 of 3978
Re: Dealer Incentive [Luckyduck] by dino001
Feb 19, 2009 (1:53 pm)
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Replying to: Luckyduck (Feb 19, 2009 1:40 pm)

What do YOU think?
 
When dealers (or any retailers) tell you your price is "$XX off" (discounted) it's ALWAYS vs highest reference price they can find - most of the time it's MSRP. Translation: the letter says "Edmunds TMV say it's $7000 off MSRP and we are offering it you" tax, tag, title, dealer fee, WAC, only on selected vehicles in stock
#3953 of 3978
Re: Dealer Incentive [dino001] by Luckyduck
Feb 19, 2009 (2:06 pm)
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Replying to: dino001 (Feb 19, 2009 1:53 pm)

Well the letter does not much anything about Edmunds, that was communicated over the phone. So my thinking is that it's 7k off the MSRP, but if Edmunds says the TMV is $1000 less than MSRP then the 7k should be coming off the TMV price. Is my thinking correct on this?
 
My argument back to the dealership if they say the 7k is built into the TMV price is that TMV is based on vehicles sold, this "incentive" does not start until this weekend.

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