Last post on Dec 05, 2013 at 1:19 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Chevrolet Traverse, Car Buying, Car Leasing, SUV
#1 of 90 Chevrolet Traverse Prices Paid and Buying Experience
by kyfdx@Edmunds HOST
Oct 08, 2008 (11:34 am)
Tell us about shopping for the new Chevy Traverse!
#2 of 90 My Traverse Buying Experience
Nov 23, 2008 (8:07 pm)
I have a new Traverse LT2 in my driveway tonight. The buying experience was interesting. Started out very bad, but ended up exceptionally good. Here's how it went:
I fell in love with the Lambda platform since the Buick Enclave hit the road. I was very tempted to get it originally. At one point I was offered a large increase in my GM Card rebate amount to buy one too. But, wanted to wait and see what other GM models would appear from this platform. The GMC follow, but was a bit pricey to me. The Outlook was nice, but options seemed thin. Then the Traverse was announced, I was highly interested. But the HSBC folks didn't seem as eager to help this time. But GM was eager it seems...
A week ago I started my normal buying education on a new car purchase. I gather all the data I could, priced out options, and even called my bank to pre-approve for the loan amount I thought I needed. I found a number of incentives ready for any new buyer of the Traverse. But, when I visited my dealer, the story turned bad quickly. Turns out I didn't qualify for many of the incentives I had originaly been led to believe I would be allowed. I walked out of the dealership, Traverseless.
I wrote a letter to GM that night, telling them what occured. I said I was sad that this being the 6th purchase of a GM product didn't even allow me the "loyalty" incentive. Then something amazing happened. A high ranking GM representitive called me late last week. Asked me a few questions about how I found the information I did. I explained the poor information given on chevy.com about incentives, and how my local dealer did try everything he could. But the bottom line was he had a Traverse dressed perfect for my desires, but the price would not fit what I had pre-approved for a loan, and my budget wouldn't allow any wiggle room. The GM rep's last comment was that GM wanted to get Traverses on the road, and that he would "look into it". The next day I recieved a call from the dealership, asking me to come in and consider a "revised offer". Amazingly, he was now able to offer the Traverse he had on the lot for the price I could afford.
I purchased a white LT2 AWD with Nav, DVD and Leather for the Red Tag price plus $3750 in rebates from GM and my GM Card. Currently this is not available to everyone, but is to a few under some pretty tight restrictions. I understand the GM incentives might grow for everyone by as soon as maybe this year end. I had to make an extra effort to get my deal, but I think it could be easy for anyone very soon. GM is in the mood to sell cars right now, and they are glad to be able to sell cars under the current economic conditions. I feel lucky, both to have the offer they gave, and to own a new Traverse, and love how GM treated me on this.
Nov 25, 2008 (7:32 am)
Great that GM stepped up and I hope you enjoy your new Traverse!
Interesting that you say that these extra rebates may come at the end of the year (after the red tag event finishes 5 Jan?) I am looking to get a Traverse early next year - need to wait to see if my job is safe (know in a few weeks) and then see what happens with the incentives.
#4 of 90 Traverse LT2 prices paid
Dec 28, 2008 (10:39 am)
'narg' you don't say how much you paid.
#5 of 90 Re: Traverse LT2 prices paid [dol1]
Jan 05, 2009 (1:41 pm)
Sorry, consider an LT2 AWD with NAV, DVD, Leather and towing, take the Red Tag price and whack another $3500 off which includes GM card rebate: Just under $35,000. With my trade in, my total loan was for $28,000 even. (Amazing what a 10 year old Chevy trades in for these days!)
Can't say enough how happy I am with this vehicle and the price I paid.
#6 of 90 Current incentives
Jan 09, 2009 (7:25 am)
I am looking at a '09 Traverse 2LT. Last month I could get incentives totaling $5750 with the "red tag". This month it's $4750.
$2000 bonus for returning lessee
$1000 Bonus (added mid December '08)
As of Thursday (1/8) the last $1000 bonus is gone and is a deal killer for me because I am leasing and this makes the payment more than my Suburban.
Does anyone know of other hidden $$ that I can use? I am a GM Family member as well. I really want the GM car but I am heading to another brand if I cannot get a decent deal. Buying is out of the question.
Jan 18, 2009 (5:19 am)
If you have a G.M. Mastercard you can use the rebate you have earned and they are offering another $1500 to go with it.
#8 of 90 Re: saturn89 [Saturn89]
Jan 26, 2009 (7:42 am)
are they still offering the extra $ if you have the gm mastercard? i tried looking online and can not find anything about it anywhere. thanks
#9 of 90 Re: saturn89 [lablover2]
Jan 27, 2009 (6:52 pm)
Yes they are. Google GM card. The site may be gmcard.com/offer. I used mine today and will pick up a Traverse Friday.
#10 of 90 Negotiating price on a Traverse
Jan 28, 2009 (8:22 am)
I've notice most who've posted here are using GM card incentives to drive the deal. I have no such card, nor am I a returning GM buyer or lease customer. The last US built car I drove was in the late 80's and it was a terrible diesel Jimmy.
I like the Traverse and am seriously considering it vs. a german built suv/crossover.
Any ideas on bottom line discount including any incentives one could get on vs. MSRP? In other words, how steep of a discount can I get off the MSRP? Based on my initial view, I think they're a bit overpriced to start with.