Pricing Schedule- Dealer / Employee / Etc.
10-16-2008 | 05:04 PM
#31
Registered User
Joined: Mar 2008
Posts: 45
From: Cali
It depends on the vehicle. I am son and grand son of GM employees so i get the discount 
We have sold out early twice. Once on a H2 and second on one of the first automatic Soltices. On the H2 the waiting period was only 6 months. We called GM and asked if we could get out of it due to financial reason and they agreed.
On the Solstice it was 2 years
but... we just sold it. The car was like 3 months old. Nothing ever happened. This was a couple years ago now I guess... wow time flies... and we have bought several new cars since with no issues including the C6 and a 2008 Impala. I guess if there were suspicion and GM actually took the time to check title transfers it could be a problem but i don't see them doing that. Bottom line is you buy the car and get financed thru anyone but GMAC (do they still exist?), or pay cash, you get a memorandum title or clear title then just sell it. The bank isnt going to tell, the BMV isn't going to tell. Who would be the wiser? just don't use any bank institutions related to GM and you should be fine.
But to reverberate, the waiting time is vehicle dependant. My guess is they will try to impose the two years on the Camaro but whatever... If you want to jump the car you can, just be smart about it. I know of several people (me not included) who do that for people all the time. I think you can buy like 8 new cars on the discount per year.
Whoever mentioned the taxes is correct but there are ways around that too. If it is someone you know you can sell it to them cheap... the BMV will look at you funny but f'em. "so you are selling a 2010 Camaro for $1000?" "Yea so?" There is a word for that... tax evasion, ok i guess thats two words but again, is the IRS really going to come down on you for such a small amount? I don't know. Or be honest and look at it this way:
GMS price: $28000 + 7% tax ($2000) = $30000 to get the car off the lot
You say you sell the car to someone else for say $18000 (man that depreciation). tax on that is $1200.
$31200 would be what non employee would pay to own the car if employee jumped it.... Is it worth it? you are techincally breaking two laws, but it can be done. Can you just walk into the dealer and get the car OTD for $31200??? maybe.
We have sold out early twice. Once on a H2 and second on one of the first automatic Soltices. On the H2 the waiting period was only 6 months. We called GM and asked if we could get out of it due to financial reason and they agreed.
On the Solstice it was 2 years
but... we just sold it. The car was like 3 months old. Nothing ever happened. This was a couple years ago now I guess... wow time flies... and we have bought several new cars since with no issues including the C6 and a 2008 Impala. I guess if there were suspicion and GM actually took the time to check title transfers it could be a problem but i don't see them doing that. Bottom line is you buy the car and get financed thru anyone but GMAC (do they still exist?), or pay cash, you get a memorandum title or clear title then just sell it. The bank isnt going to tell, the BMV isn't going to tell. Who would be the wiser? just don't use any bank institutions related to GM and you should be fine. But to reverberate, the waiting time is vehicle dependant. My guess is they will try to impose the two years on the Camaro but whatever... If you want to jump the car you can, just be smart about it. I know of several people (me not included) who do that for people all the time. I think you can buy like 8 new cars on the discount per year.
Whoever mentioned the taxes is correct but there are ways around that too. If it is someone you know you can sell it to them cheap... the BMV will look at you funny but f'em. "so you are selling a 2010 Camaro for $1000?" "Yea so?" There is a word for that... tax evasion, ok i guess thats two words but again, is the IRS really going to come down on you for such a small amount? I don't know. Or be honest and look at it this way:
GMS price: $28000 + 7% tax ($2000) = $30000 to get the car off the lot
You say you sell the car to someone else for say $18000 (man that depreciation). tax on that is $1200.
$31200 would be what non employee would pay to own the car if employee jumped it.... Is it worth it? you are techincally breaking two laws, but it can be done. Can you just walk into the dealer and get the car OTD for $31200??? maybe.
Yea GMAC is still around. Requires minimum 700 fico to finance with them now
Why do you say finance with anyone but them? Arent they like the official GM financing company?
10-17-2008 | 10:55 AM
#34
Registered User
Joined: Mar 2008
Posts: 45
From: Cali
Just read that GM is actually paying their dealers incentives for NOT financing through GMAC anyway
Crazy eh, a financing company that actually doesn't want to make loans.
10-17-2008 | 11:17 AM
#35
Super Moderator
Joined: Jul 2005
Posts: 9,497
From: Okemos, MI
What kind of relative? GM employee discount is extended to parents, children, siblings, step-parents, step-siblings, and I think grandchildren and grandparents as well. You just have to get a document saying that you're eligible from the relative that actually works there.
10-17-2008 | 10:38 PM
#36
Registered User
Joined: Mar 2008
Posts: 45
From: Cali
What kind of relative? GM employee discount is extended to parents, children, siblings, step-parents, step-siblings, and I think grandchildren and grandparents as well. You just have to get a document saying that you're eligible from the relative that actually works there.
Is anyone getting close to the invoice prices at least?
10-18-2008 | 09:36 AM
#37
Registered User
Joined: Mar 2008
Posts: 7
From: Crystal River, FL
From another Board (credit to Embalmer):
Sorry, but I'm not allowed to post attachments for whatever reason so follow the link...
http://www.camaro5.com/forums/showpo...10&postcount=1
Sorry, but I'm not allowed to post attachments for whatever reason so follow the link...
http://www.camaro5.com/forums/showpo...10&postcount=1
10-18-2008 | 09:49 AM
#38
Thread Starter
Registered User
Joined: Sep 2007
Posts: 361
From: Buffalo,NY 'burbs
Yes and yes to an extent. Out of that 1k comes the salesman's commission and the cost to prep the car for your pickup.
10-18-2008 | 01:33 PM
#39
Registered User
Joined: May 2000
Posts: 210
From: Cincinnati, OH
My uncle retired from Norwood and was in charge of the build of the '69 ZL1's. He is still living. Should I be able to get an employee discount?
BTW, my uncle told me that the they couldn't test the ZL1's on the rollers at Norwood because they overpowered the testing area. Instead, supervisors would take them to the back of the plant -- opposite of OH-562 -- and roast the tires to test them.
BTW, my uncle was also the master keeper of the option codes for the 1st gen cars -- he is cited several times in books about the early Camaro's and Firebirds.
BTW, my uncle told me that the they couldn't test the ZL1's on the rollers at Norwood because they overpowered the testing area. Instead, supervisors would take them to the back of the plant -- opposite of OH-562 -- and roast the tires to test them.
BTW, my uncle was also the master keeper of the option codes for the 1st gen cars -- he is cited several times in books about the early Camaro's and Firebirds.
10-19-2008 | 11:52 AM
#40
Registered User
Joined: Mar 2008
Posts: 7
From: Crystal River, FL
10-19-2008 | 06:34 PM
#41
Registered User
Joined: Jan 2005
Posts: 206
see http://www.wheelsdirect2u.com/dealer_holdback.htm
10-20-2008 | 11:37 AM
#42
Registered User
Joined: Dec 2005
Posts: 123
From: hot lana, Gawja
Dealers still make a profit if they sell for invoice, due to "dealer hold back" , where the car manufacturer credits the dealer with some extra $$ so they still turn a profit. I've bought two vehicles at invoice and it was still worth it for the dealer.
see http://www.wheelsdirect2u.com/dealer_holdback.htm
see http://www.wheelsdirect2u.com/dealer_holdback.htm
10-20-2008 | 07:47 PM
#43
Registered User
Joined: Mar 2008
Posts: 7
From: Crystal River, FL
Dealers still make a profit if they sell for invoice, due to "dealer hold back" , where the car manufacturer credits the dealer with some extra $$ so they still turn a profit. I've bought two vehicles at invoice and it was still worth it for the dealer.
see http://www.wheelsdirect2u.com/dealer_holdback.htm
see http://www.wheelsdirect2u.com/dealer_holdback.htm
Thread
Thread Starter
Forum
Replies
Last Post
F'n1996Z28SS
Cars For Sale
8
08-24-2023 12:19 AM