Incentives and finance rates
#26
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I just got an email from my dealer saying that GM did not accept my financing and they are supposed to send me a letter in the mail. Hmmm... I bought the car on the 3rd and today is the 10th. It took them 7 days to do anything. Im gonna call my dealer and GM finance tomorrow. Especially since i have a binding contract. If i tried to do something like this at the bank I would get fired. Im also gonna talk to my lawyer. If i dont get it one way, ill get it another!!!!
Check your contract MOST Dealers put a clause in that states, if anything is wrong with the contract you WILL come back and re-sign a new one.
If not GM won't help you , your only choice is going after the Dealer.
#27
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yup, shady car dealers are notorious for giving one rate and then a few days later saying it didn't go through and trying to get you into a high % loan
#29
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I mean since they lead you to believe that, tell them you can get the car anywhere else and will if need be. Then dont speak!!!!! Next person who talks in that negotiation looses.
#30
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0% is NOT available on the 08 Cobalt SS. I know this for a FACT.
The dealers are idiots and don't read the fine print. They figure a Cobalt is a Cobalt...
Still, I really wish I could get 0% financing...
The dealers are idiots and don't read the fine print. They figure a Cobalt is a Cobalt...
Still, I really wish I could get 0% financing...
#31
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It was a mistake by GM anyone could have thought it, it did not specify excluding the SS turbo. I then saw the revised copy sent and it stated only 5.9% avail.
#32
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Do you still have a copy of it? Thats what the website showed the morning of the 3rd. There was no separation.
#33
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#34
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I just got an email from my dealer saying that GM did not accept my financing and they are supposed to send me a letter in the mail. Hmmm... I bought the car on the 3rd and today is the 10th. It took them 7 days to do anything. Im gonna call my dealer and GM finance tomorrow. Especially since i have a binding contract. If i tried to do something like this at the bank I would get fired. Im also gonna talk to my lawyer. If i dont get it one way, ill get it another!!!!
#35
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Im trying to get in contact with gmac. they have not returned my call yet. im gonna try to call them tomorrow morning. I didnt get to speak with my lawyer today either due to being in a meeting all day. I will update you tomorrow.
#36
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iTrader: (24)
They are giving us one REALLY good deal!
MSRP $24,535
Their price $22,324.48
Plus the $1,000 rebate, Plus our GM card points $800!
So we got the SS/TC for about $20,500 before T/T/L
Then they found a 60 month rate loan for 4.9%
Payment ends up being the exact same.... I am very happy with our dealer, standing up and taking the loss themselves and not putting it back on the customer.
I hope others that had this same thing come up, that their dealers act the same way ours is.
#40
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I talked to my dealer about it, and he said that it was a mistake (as most know already), and that dealers who did give it out would have to pay GM back. So its up to the dealers if they wanna be cool and take the loss, or try to screw over the customer.
My guy at the dealer told me to wait till July 4th, he thinks the 0% will be back or at least a good bonus cash offering. They did the same thing with the HHR SS, 0% excluded......a month later 0% available.
My guy at the dealer told me to wait till July 4th, he thinks the 0% will be back or at least a good bonus cash offering. They did the same thing with the HHR SS, 0% excluded......a month later 0% available.
#41
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I talked to my dealer about it, and he said that it was a mistake (as most know already), and that dealers who did give it out would have to pay GM back. So its up to the dealers if they wanna be cool and take the loss, or try to screw over the customer.
My guy at the dealer told me to wait till July 4th, he thinks the 0% will be back or at least a good bonus cash offering. They did the same thing with the HHR SS, 0% excluded......a month later 0% available.
My guy at the dealer told me to wait till July 4th, he thinks the 0% will be back or at least a good bonus cash offering. They did the same thing with the HHR SS, 0% excluded......a month later 0% available.
#42
Senior Member
I don't see where they lost out. They still got you financing and will get a kick-back from the financing company for it.
#44
Senior Member
#48
Senior Member
You can do MUCH better than the 5.9% AND get $1000.
I mean what sounds better:
5.9% and $0 incentive through GMAC
or
4.95% and $1000 through *insert lending institution here*
Invoice on a car isn't always what a dealer pays. It depends on the size of the dealership (aka how many cars they buy from GM).
I mean what sounds better:
5.9% and $0 incentive through GMAC
or
4.95% and $1000 through *insert lending institution here*
Invoice on a car isn't always what a dealer pays. It depends on the size of the dealership (aka how many cars they buy from GM).
Last edited by krispy; 06-13-2008 at 12:10 AM. Reason: Automerged Doublepost
#49
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Our dealer just called us and stated the cobalt SS/TC was not included BUT:
They are giving us one REALLY good deal!
MSRP $24,535
Their price $22,324.48
Plus the $1,000 rebate, Plus our GM card points $800!
So we got the SS/TC for about $20,500 before T/T/L
Then they found a 60 month rate loan for 4.9%
Payment ends up being the exact same.... I am very happy with our dealer, standing up and taking the loss themselves and not putting it back on the customer.
I hope others that had this same thing come up, that their dealers act the same way ours is.
They are giving us one REALLY good deal!
MSRP $24,535
Their price $22,324.48
Plus the $1,000 rebate, Plus our GM card points $800!
So we got the SS/TC for about $20,500 before T/T/L
Then they found a 60 month rate loan for 4.9%
Payment ends up being the exact same.... I am very happy with our dealer, standing up and taking the loss themselves and not putting it back on the customer.
I hope others that had this same thing come up, that their dealers act the same way ours is.
#50
Former Vendor
iTrader: (24)
Intakes are coming along well in the design, we will have more info in a couple weeks.
Update on the incentives:
Sounds like GM is stepping up and offering to those who already purchase the 0% for 60M for the SS/TC in the USA. The dealer just contacted us and will have more in about an hour
So anyone who purchase BEFORE the revised incentive sheet should be able to keep their 0% for 60M.
We will confirm what we find out soon.
Update on the incentives:
Sounds like GM is stepping up and offering to those who already purchase the 0% for 60M for the SS/TC in the USA. The dealer just contacted us and will have more in about an hour
So anyone who purchase BEFORE the revised incentive sheet should be able to keep their 0% for 60M.
We will confirm what we find out soon.