How to use the credit union discount

i'm not sure
i got the discount without even knowing me about it...my salesman told me about the program and actually signed me up for it.

he just asked if i was a member of a credit union when we first started talking

DavidPJ said:

I signed up for the credit union discount and received my discount code. For those that have used the credit union discount, were you able to combine this with whatever price you obtained from the dealer on the SUV? If so, I assume you didn't mention the credit union discount until after price negotiation. Or, once you tell the dealer you have the credit union discount, will they say the applicable discount is either the negotiated price or the price with the credit union discount?

Thanks.

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I paid $50 over invoice (was cheaper than employee discount and a few others I qualify for)

I used 750 USAA, 500 Appreciation, +GM card money w/o issues

I negotiated $100 over invoice for a 2011 GMC Terrain by dealing with the internet sales managers through a USAA and AMX online car buying service.

I then asked the dealer if they participated in the USAA credit rebate program ($750), which they confirmed for me that they did. The dealer then agreed in writing to to a final sales prices of $650 below invoice.

I also qualified for the credit union pricing but I was uncertain as to the amount of the discount and since I got such a great deal as outlined above, I did not further inquire.

Received a text message from my salesman that the order was placed today. ;D

texlaker said:

I negotiated $100 over invoice for a 2011 GMC Terrain by dealing with the internet sales managers through a USAA and AMX online car buying service.

I then asked the dealer if they participated in the USAA credit rebate program ($750), which they confirmed for me that they did. The dealer then agreed in writing to to a final sales prices of $650 below invoice.

I also qualified for the credit union pricing but I was uncertain as to the amount of the discount and since I got such a great deal as outlined above, I did not further inquire.

Received a text message from my salesman that the order was placed today. ;D

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Wow, that's great! How did you obtain pricing from the USAA or AMX services when you can't choose a 2011 model to price?

We used the credit union pricing as well.

We talked them down to $500 UNDER the credit union pricing because we both knew they would get that money back so they were pretty cool with it. All in all, we paid about $400 over invoice which I was happy to do because the dealership can make some money sometime. Plus, they were the only GMC store that took us seriously when we said we wanted to order one.

DavidPJ said:

Wow, that's great! How did you obtain pricing from the USAA or AMX services when you can't choose a 2011 model to price?

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Initially we negotiated the price ($100 over invoice then 750 USAA rebate) on a 2010 model year; however, none was available with the options I am interested in. Therefore the dealer agreed to honor the same pricing for a 2011 model via an order. I got this in writing from the dealer. The order was placed by the dealer on Friday. The final pricing for 2011 models will not be available for another week or so. The dealer knows that once the pricing becomes available, I will cross check the final numbers with Edmunds, Truecar and so on.

There is a little bit of faith built into this process, I'll have the final sales price in a week or so. The dealer agreed to include in the written agreement an example of how the formula we agreed to would work with 2010 pricing.


The key point will be a week or so from now when I get the final numbers. I post a link on the "prices paid" message stream once I get that info. Until then, I'll keep my fingers crossed.

bballr4567 said:

We used the credit union pricing as well.

We talked them down to $500 UNDER the credit union pricing because we both knew they would get that money back so they were pretty cool with it. All in all, we paid about $400 over invoice which I was happy to do because the dealership can make some money sometime. Plus, they were the only GMC store that took us seriously when we said we wanted to order one.

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Thanks everyone.

bballr4567, I'm not following you. What do you mean by the dealer knew they would get the money back?

Dave

Anytime you use a discount, the dealer will get that money back from GM. However, if they just sell it at invoice, they dont get that difference between it and MSRP because they just cut the price down to what they paid.

bballr4567 said:

Anytime you use a discount, the dealer will get that money back from GM. However, if they just sell it at invoice, they dont get that difference between it and MSRP because they just cut the price down to what they paid.

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Thanks!

The Credit Union program isn't really as much of a discount as much as it is a set price. You are getting GM Supplier/Preferred pricing when you use your Credit Union code. The Preferred price is generally around $100 below or about invoice.