Last post on Apr 16, 2010 at 2:44 AM
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Chevrolet TrailBlazer, GMC Envoy, Oldsmobile Bravada, GMC Envoy XL, GMC Envoy XUV, SUV
#142 of 297 Trailblazer Smartbuy
Jun 11, 2005 (9:39 pm)
I am looking to buy a 2005 Chevy Trailblazer. I have already secured financing through my credit union at 4.99%. Today at a dealership, the salesman said that if I do a GMAC Smartbuy that I can get an additional $2500 off of my purchase price. He said that since I really want finance through a regular loan that I could turn around after I make my first Smartbuy payment and refinance through my credit union. I told him that I would have to check with my credit union on Monday.
The price I was quoted with the smartbuy is $21527 +TTL. This is an LS with the Sun, Sound and Entertainment package.
Has anyone had any dealings with the smartbuy program? Taking the additional $2500 off would really help me a lot but I'm nervous about this because I haven't done this type of a purchase before. Any advice would be greatly appreciated!
#143 of 297 Re: Trailblazer Smartbuy [kerley1]
Jun 12, 2005 (6:20 am)
I have gotten 3 cars through Smartbuy. What your salesman says is true. However, what I would ask is if you would get the same rate through your credit union because it would then be considered used when you went to pay it off.
My father likes to buy cars outright - cash only. When he got his Deville, he was going to pay cash, but when he talked to the sales manager (a family friend), he was basically told the same thing you were - finance it throuh SmartBuy, take advantage of the additional discounts available and then pay it off. Which is what he did.
I don't know where you live, but in NY where I live, because of new legislation you can't lease, but you can do SmartBuy. In essence, it is the same thing for us except the title is in your name, and it is much less restrictive there are mile restrictions though 12 or 15 thousand per year. At the end of the 48 months you can either give the car back or pay the balloon payment.
Email me if I can help explain this further or help with any questions. I am certainly not the expert, but I have done this a couple of times.
#144 of 297 Re: Trailblazer Smartbuy [stag1203]
Jun 12, 2005 (12:11 pm)
Thank you so much. I feel much better knowing that someone else has done the same thing. I will definitely check with my credit union regarding the rate before I do anything though.
Regarding refinancing, do you happen to know how long your Dad waited until he paid it off and was there any kind of a penalty? My salesman talked like I could turn around and refinance as soon as I made my first payment.
By the way, I live in Texas so we are still able to lease and Smartbuy. The mile restrictions appear to be the same as they are in New York. I'm glad to hear that you have been happy with the program for future reference.
Thanks again for your help. I've been researching the Trailblazer and I really thing I'm going to like it.
#145 of 297 Re: Trailblazer Smartbuy [kerley1]
Jun 12, 2005 (7:27 pm)
He paid it off after making one SmartBuy payment, I don't know why he waited, I think he wanted to make sure no one was going to ask him for the discounts back or something...LOL
Good luck with the TrailBlazer, I pick up mine tomorrow, I cannot wait.
Jun 13, 2005 (8:46 pm)
Was looking hard. But I think I finally found the PERFECT vehicle. Someone tell me if I got the right deal please. It is a black on black leather Envoy XL(7 seats)
Fully laoded, everything except a DVD player, what would I need it for, no kids. 900 miles, GM drove for a few weeks. 31000 purchase price, due to the DEMO status, I got a 75,000 mile bumper to bumper warranty w.a $50 deductible for $900.00 financed. 72 month term 606/month. 35K out the door. This is Envoys creme de la creme.
#147 of 297 Re: Trailblazer Smartbuy [stag1203]
Jun 13, 2005 (11:49 pm)
I am looking for a Trailblazer EXT and was considering leasing, but now the Smartbuy concept has me curious. I guess I don't really see much of a difference between a lease and Smartbuy other than the fact that the Smartbuy payment seems slightly higher when using GM's payment calculator.
Could someone that has used Smartbuy please provide a lease/Smartbuy comparison or let me know why you chose Smartbuy rather than a lease?
Thanks in advance!
#148 of 297 Re: Trailblazer Smartbuy [maninthebox]
Jun 14, 2005 (6:51 am)
Well in NY, you can no longer lease a car like you can in other states, so financing or SmartBuy is your only choice. SmartBuy has a ballon payment at the 48th month that you pay if you want to buy the vehicle or simply turn the vehicle in. They also offer $0 money down option.
When I used to lease, in NY anyway, the title would be in the leasing company's name and they would hold the title. With SmartBuy, the title is in your name and you hold it as you would with financing. Leases also typically require some sort of cap cost reduction up front. To me, they seem very similar. I have been leasing since 1992 and SmartBuy customer since it started in NY about 3 years ago.
#149 of 297 Re: Need some advice!!! [jayk47]
Jun 14, 2005 (9:42 am)
I would ask her what she would want for it. You might be surprised. She may have no idea how much she could get for it and you could walk away with a "like new" truck for a lot less than you need to pay. She'd be happy and you'd be happy. I ran a blue book, and they suggest in the ball park of $17,000. However, you are buying from a 3rd party and if the warranty is not transferable, might be taking a risk. I'd aske her and start around $14,000 if she is over that price. good luck.
#150 of 297 Re: Trailblazer Smartbuy [stag1203]
Jun 21, 2005 (12:10 pm)
The other difference is in the amount of taxes you pay up front. On a traditional lease, you only pay tax on the amount of payments. With SmartBuy, you pay tax on the purchase price of the vehicle since the assumption is that you will make the balloon payment at the end and thus "Buy" the vehicle.
Jun 23, 2005 (5:20 am)
I went to chevy last night and I was approved for a trailblazer - the bank said i needed proof of income, i dont save my paystubs so i dont have that to show them. They told me to go get my insurance and to come in tonight to take care of the dmv stuff. What should I do about the pay stub situation, i dont get paid for another 2 weeks.
thanks in advance