Author Topic: GM Employee pricing.. (Read 1803 times)

LePaul · « **Reply #30 on:** June 10, 2005, 06:00:16 PM »

I think GM is praying people do not follow the news and link the "big new promo" to the fact its stock has been dropping to the point its at "junk" status, their sales are down...oh, and they lead the pack for recalls. They are loosing huge business to the imports/Japanesse built designs/cars.

Some of their products are good. A great many....are to be desired.

I wasnt sure what percentage of the Hondas, Nissans etc were made in the USA. Thanks for the info

StarOfAfrica2 · « **Reply #31 on:** June 10, 2005, 06:06:33 PM »

Quote

Originally posted by Toad
Just a heads up.

If you were any kind of a negotiator BEFORE this new "good deal" you could buy about any GM car for invoice as shown on Kelly Blue Book or Edmunds sites.

You could then subtract any rebates from that negotiated price and arrive at invoice - rebate = price payed.

GM "Employee price" is in the neighborhood of 1% under KBB or Edmunds "invoice price"... the catch is "Employee price" now INCLUDES all rebates and incentives.

I think if you study it, you're going to find this is a price increase in the end.

Maybe not, but try this first. Pick...a Malibu... get invoice price and subtract rebate. Compare to "employee price" and see how it looks.

G/L.

Up until I stopped working for them in 2002, GM Employees got (I think) 5% under invoice. PLUS any incentives, or rebates (unless it specifically said "not to be included with GM Employee discount").

My discount was a supplier discount, which was only 3% below invoice, and same deal as above. Really worked out well on big sales, because you could get the low start price, get the rebate, and maybe good finance rates too. Guys at the GM plant where I worked made out like bandits on expensive cars.

Toad · « **Reply #32 on:** June 10, 2005, 06:27:42 PM »

Well, I'm bored. Let me see what I can find.

Toad · « **Reply #33 on:** June 10, 2005, 06:40:08 PM »

Chevy Malibu: $21,970.00
Chevrolet Employee Discount Price: (approx.) $17,589.13

2005 Malibu LS Sedan
3.5L V6 ENGINE
4-SPEED AUTO TRANSMISSION
WHITE
GRAY CUSTOM CLOTH
VIN: 1G1ZT52845F242799
Print

Request A Quote

MANUFACTURER'S SUGGESTED RETAIL PRICE

STANDARD VEHICLE PRICE $ 21,265.00

Options installed by Manufacturer
FRONT LICENSE PLATE BRACKET $ 0.00
FLOOR MATS $ 80.00
TOTAL OPTIONS $80.00

TOTAL VEHICLE & OPTIONS $21,345.00
DESTINATION CHARGE $625.00

TOTAL VEHICLE PRICE* $ 21,970.00

New Car Kelly Blue Book Value

MSRP $21,970

Invoice $20,154

Now they're giving $2000 cash back on Malibu.

So if the GM price includes all rebates, then it's still $17,589.13

(I did hear one dealer advertising "Employee price, you keep the rebate today though." Could be changing already.

The Kelly invoice is $20,154 - $2000 Rebate = $18, 154

Doesn't look like a price increase, at least on Malibu.

And if the Employee price had the rebate added back, It'd be $18,589 which is $1500 under invoice or ~ 7.5%. That's a much better deal than I thought.

Chairboy · « **Reply #34 on:** June 10, 2005, 07:06:53 PM »

Quote

Originally posted by indy007
Only if you have bad credit & don't want a big warranty.

I've got great credit, am a homeowner, a business owner, and I'm a reasonably clever guy.

That said... buying new is for chumps. It sounds like you've fallen for the "Oh, well... I guess you should skip buying new if you're too POOR for it..." line.

Take a look at the depreciation schedule for a nice new car. You can end up losing more than $1,000 a month in value without even trying, if you take into consideration nothing more then the drop in street value.

All of our vehicles are paid off because we've decided that the money lost in interest exceeds money lost in opportunity cost. I bought my wife a 2003 Suburban last October for $24,000. Fully loaded, OnStar, 4X4, DVD, low miles, it's great. New, it cost $15-20K more then that. Sure, it'll keep depreciating, and that's a cost of doing business.

But I don't have the be the guy that takes it in the chin for that first year.

Making the choice to buy a new car is making the choice that you're willing to spend $1,000+ a month before interest for the coolness factor of having the current model year. If you're cool with that, or you have enough money that it doesn't matter, go for it.

Me, I'm gonna spend the money I save on buying an airplane, and you, indy, can take your assumption that I must be in poor financial straits because I'm not buying a new car and jam it into your FICO.

SFRT - Frenchy · « **Reply #35 on:** June 11, 2005, 03:28:01 AM »

Runing a business, when I see "Best deal of the decade", I automatically think it's a bluff. Gee, how many time I made my customer "save money", while "@#$" in the butt.

At any rate I'm getting itchy to buy a new car.

Chrysler 300C ... $35K ... hummm, good add on blingbling range possibilities, big size chrome rims tucked in, South Central style.

Mustang 2005 GT ... $25K ... 300HP, cheap and wide open to potential power upgrades. Great mix of old/new.

2006 GTO ... $33K ... 400HP ... I would be all over it ... if only this car would not look like an import. Yet, it looks cool ... but import look ... but 400HP like your trans am ... but import look ... but ...

And finally, the new Charger ... $33K ... love it in Orange with stickers ... Would actually consider buying it if they didn't name the car a Charger.

Decisions decisions! Maybe I'll just import a Clio V6 sport.

.... or dream on this

Torque · « **Reply #36 on:** June 11, 2005, 03:33:22 AM »

toyota and gm did take the lion's share of jd power awards in north america.

chrysler has a better design team imo.

rpm · « **Reply #37 on:** June 11, 2005, 05:54:05 AM »

GM has'nt built a decent vehicle since '68. They are overpriced, underengineered, shoddy pieces of crap. Their workmanship is lousy at best. Even my "Chevy or death" brother-in-law bought a Dodge truck last time because the GM dealer refused to bargin with him and lowballed the 2003 Chevy truck he was trading in. Guess they knew their equiptment was'nt worth squat.

Chevy, they're craptastic!

GRUNHERZ · « **Reply #38 on:** June 11, 2005, 08:23:17 AM »

I hope GM is wiped out.

Their car designs and quality are awful, and the management dont seem to care, which is a shame for the worlds biggest car company.

And second, I hope that GM gets wiped out and somehow those blood sucking vamipres of theirs (union employees) get laid off and have their lavish benefits and retirement packages destroyed.

Those two tings are destroying GM, imo. And the success of Toyota and Honda in USA based production proves it.

-tronski- · « **Reply #39 on:** June 11, 2005, 09:46:26 AM »

Quote

Originally posted by SFRT - Frenchy
2006 GTO ... $33K ... 400HP ... I would be all over it ... if only this car would not look like an import. Yet, it looks cool ... but import look ... but 400HP like your trans am ... but import look ... but ...

It's already a different front from the original..what makes it look like an import?

Tronsky

Saurdaukar · « **Reply #40 on:** June 11, 2005, 10:58:03 AM »

Im a GM employee (subsid)... I doubt they'll be giving the "full" break to the public... the employee discount is HUGE.

That said... GM's products (car wise) are largely crap. Couple exceptions:

CTS-V

C6 Z06

I really wanted to like the GTO... but it looks like a Cavalier and they are in the shop being fixed more than they are on the road. Horrible steering feedback, horrible brake feel... wasted engine.

LePaul · « **Reply #41 on:** June 11, 2005, 11:10:42 AM »

Quote

Originally posted by GRUNHERZ
I hope GM is wiped out.

Their car designs and quality are awful, and the management dont seem to care, which is a shame for the worlds biggest car company.

And second, I hope that GM gets wiped out and somehow those blood sucking vamipres of theirs (union employees) get laid off and have their lavish benefits and retirement packages destroyed.

Those two tings are destroying GM, imo. And the success of Toyota and Honda in USA based production proves it.

Cant recall what site I read it on....roughly $1500 of every GM car goes straight to employee healthcare.

GM & Chrysler are dogged with huge health benefit and pension costs.

Toad · « **Reply #42 on:** June 11, 2005, 11:13:01 AM »

Yeah, you give your life to a company, why should they include health care and pensions in negotitated contracts? I mean, it's not like the COMPANY got things THEY wanted in those contracts. Nope, it's always one-sided in the employees favor. Everyone knows that.

Couldn't they just chain you to the machines like a galley slave and replace you with illegal immigrants when you die?

That'd be much more efficient.

LePaul · « **Reply #43 on:** June 11, 2005, 11:29:07 AM »

Toad,

Didnt say that.

Just stated they have higher expenses then the competitors.

Its no secret where I stand on Unions, that's a side note to this discussion

Toad · « **Reply #44 on:** June 11, 2005, 11:41:08 AM »

It's not just for you, it's for Grun too.

It's generally accepted that a "prosperous middle class" enabled this country to become a "great place".

I suggest to you that these jobs, these contracts, yes even the UAW had a large role in providing a "prosperous middle class" to build the country.

The 5 day work week, company provided health care, child labor laws didn't just spring unbidden from the generous breast of corporate management.

Yes, there have been Union extremes, without doubt.

Just sayin'... get rid of all the Unions and see what happens to this country. I don't think the "average joe" will like it much but the ones running the corporations will love it.

Just my .02. Yin and Yang. Balance. Gotta have it.

The only thing worse than a Union is .......... no Union at all.