Am I Missing A Rebate?

[smoak352]

I bought my truck at 0% for 72mo with a $500 rebate for being a credit union member. I saw some people getting a $500 rebate for no 60 day return. The dealer did not mention this...please someone explain this...

 

PS, I paid about $4000 under MSRP

[Hieneken49]

I bought my truck at 0% for 72mo with a $500 rebate for being a credit union member. I saw some people getting a $500 rebate for no 60 day return. The dealer did not mention this...please someone explain this...

 

PS, I paid about $4000 under MSRP

 

 

4k under sticker u got all rebates possible with 0%. i got offered 3200 under sticker with 0 % and there were like 3x $500 rebates in there.

[RyanbabZ71]

When did you purchase it? The 60 day option ended first week of Jan I believe.

[cc1999]

There has been some dealer cash out there to move units over X number of days old. GMs rebates/programs are all very targeted now days. You may be looking at two identicle units at the same dealer or diferent dealers and one may have an older build date, that could make as much as a 2000.00 difference in some cases.

 

I just bouhgt a 2009 3500 cab and chassis last week for my business and a 2010 model just like it was 7000.00 more money than an older stock 2009 model that I bought at a dealer 3 hours away. One thing to be sure and always look at when thinking about the 0% offers, number one how long do you normally keep a vehichle. If you keep them about 3 years, then quite often the cash rebates are better then the 0% offers in the long run.

 

0% is not really 0% if you are forced to finace 3-5k more money becasue you loose the cash rebates. You are just paying the cash rebates as up front intrest. So when you go to trade 2-3 years later that will likley leave you a higher payoff balance than you would have had, had you taken the cash offers and FI at a normal 4-6% rate. If you are one that keeps there vehichles 5-6 years, then the 0% might work out worth more then the cash offers, but quite often that comes down to how much you are finacing. If you are trading something in or putting cash down and the amount to FI is 15-20K the 0% option is probably not for you. If you are going to FI 40-50K then there is a good chance the 0% will work out better if you keep the loan for close to term.