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Got a lesson in why GM incentives are not working...

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Old May 30, 2003 | 06:49 AM
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Got a lesson in why GM incentives are not working...

As I said in my other thread...I was looking at a 04 Grand Prix the other day at a dealer. The dealer had signs up that said 10% of any car on the lot. I asked teh salesman if that was on top of rebates...he said he thought so. So I was thinking if I got say a Grand Am that would be 3000+(10% of the $24,000 MSRP=$2400) = a total of $5400 of the car. Well it was only untill I got to F&I that the guy was like "No, we don;t do rebates, just 10% on every car...alot of the time it gives us play room"..Meaning to start negotiations he was only gonna give me $2,400 off teh cara nd make me haggle for the rest of a rebate I should already get.

That made me think...a bottom of the line Sunfire coupe costs $15,495 barebones model.

A Base Civic coupe on the otherhand starts at $12,810...

http://www.hondacars.com/models/mode...rDetected=True


Now sure after the full rebate the Sunfire will cost slightly less....but if the dealer is going to make you fight and claw...what is the point. That makes the problem two pronged....

1. GM's cars cost to much to compensate for rebates.

2. Greedy dealers trying to hide the rebates and making customers haggle to get the full amount makes it easier in this case to just buy a Civic. and not worry about the rebate mess...
Old May 30, 2003 | 06:57 AM
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I would take a base Sunfire for 15K anyday over a base Civic for 12K.
Old May 30, 2003 | 07:19 AM
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I would not return to a dealership who "doesn't do rebates"

I mean, you can generally get 9-10% off sticker when there are no rebates even being offered.
Old May 30, 2003 | 07:29 AM
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I agree with Darth Xed ... shop somewhere else.

I would usually expect a discount of 7 to 10% before we play the rebate game. My 2000 300M I got for 80% of MSRP when accounting for incentives. (Cash deal)

My 2001 Montana I ended with 10% off and 60 months at 1.9% for 100% financing (taxes and fees in) (this was two years ago).

The dealer you are looking at is using the rebate to get the initial 10% drop ....


Ted

It is your money ... manage it wisely
Old May 30, 2003 | 03:38 PM
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I thought I read that GM's "rebate war" was over they cant afford to keep going????So that would make what the salesman told you true.
Old May 30, 2003 | 03:43 PM
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Does the dealer even have the option of "doing" rebates (except for factory-to-dealer incentives)? I'd be inclined to make a phone call to the regional office letting them know that while GM promises rebates of $3000, XYZ dealer has chosen to keep $600 of that and only give you $2400.
Old May 30, 2003 | 04:55 PM
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Originally posted by Meccadeth
I would take a base Sunfire for 15K anyday over a base Civic for 12K.
You're insane. :blah:


You could have picked just about any other Pontiac (except the Aztek) and I might have agreed with you.
Old May 30, 2003 | 05:02 PM
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Is this the same dealer that was offering 12k for your one year old Camaro? I'd tell him to go himself, and then drive to another dealer.
Old May 30, 2003 | 06:12 PM
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Originally posted by guess who
I thought I read that GM's "rebate war" was over they cant afford to keep going????So that would make what the salesman told you true.
I wa stold by GM press rep the opposite...in the current market they couldn;t afford not to do rebates...
Old May 30, 2003 | 06:49 PM
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GM dealers MUST give up the rebate. Period. However, they do NOT have to discount the car at all.
Old May 30, 2003 | 07:54 PM
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I wish I was on the market now to buy a GM car... this is a great time to buy and buyers have a lot of advantages. Darth is right. Time to find a new (sane) dealer.
Old May 30, 2003 | 09:18 PM
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Originally posted by formula79
I wa stold by GM press rep the opposite...in the current market they couldn;t afford not to do rebates...
Which is true,But they are running out of steam though.
Old May 31, 2003 | 08:03 AM
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I saw in an ad sunday that you can get a Saturn Ion 4 door for only $9225 after rebates. how can they afford to sell a brand new car for that much. Also does anyone know how much the Quad coupe goes for after rebates???
Old May 31, 2003 | 07:02 PM
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Incentives worked for me. 03 Vette, $1k over invoice, 0% 60 months. I wouldn't have even thought about a Vette at 31. If mine gets stolen, I couldn't afford to replace it even at 4% financing.
Old May 31, 2003 | 07:08 PM
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The other flaw in incentives is that you end up losing most of it in the resale value of the car.



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