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Dealer cash??

RapidRide2

By RapidRide2
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RapidRide2 Enthusiast

RapidRide2

Posted
Posted
I just found out today from my dealer today while finishing up some last minute paperwork on my new 03' sierra that they offered me $500.00 dealer cash back,, this seemed kind of odd to me (couldn't figure they would be that honest)  I also was under the impression that they DID NOT  have to pass any of the dealer cash on to me. He said it just came in today???                                                                                    Was it my lucky day? or was he just being nice?
Shaners Senior Enthusiast

Shaners

Posted
Posted

The answer is yes it was your lucky day and yes the dealer was being nice!!!

 

Dealer cash is money that GM gives their dealers to help them have a little more leeway when selling a vehicle.  It is their money, and they do not have to pass it on to the buyer.  Just like the 3% "hold-back" that is on every new vehicle sold.

 

When I bought my truck, I was wanting a 1500HD and had found one on another lot.  My dealer was unable to trade for it.  He checked his invoice lists and saw that my truck was in transit and asked if I would be interested in the identical truck except in a 2500HD.  I told him that it would be about $1000 more and I wasn't sure I could swing it.  He told me that he had $500 in dealer cash being offered to him from GM on that truck, and said he would throw it in on the deal to split the difference.  It was a no brainer for me to get the 2500HD instead... for just $500 more.

TxDoc Senior Enthusiast

TxDoc

Posted
Posted

Did he mention anything about $1,000 back? Notice this part below, "customer cash of $1,000". I wonder if he pocketed half of the money due you?  I could be wrong.

 

Finance Terms for 2003 Models

 

$1,000 or 0.0/2.9/3.9%- 36/48/60  $1,500 or 0.0/2.9/3.9% - 36/48/60

 

GM Stays In "Overdrive" With New Marketing Program

 

Featuring 0.0% on all 2003 models

 

 

DETROIT - General Motors Corp. today announced the newest version of its retail marketing programs utilizing the "Overdrive" theme. Effective today, GM will offer APR financing rates of 0.0/2.9/3.9% (36/48/60 months) or customer cash of $1,000, $1,500 or $2,000 for qualified buyers on the purchase of all new 2003 model Buick, Cadillac, Chevrolet, GMC, Oldsmobile and Pontiac cars and trucks through October 31. Saturn, Saab, and HUMMER are excluded from this program.

Shaners Senior Enthusiast

Shaners

Posted
Posted
In a nutshell, it's a "rebate" to the dealer if he sells the vehicle.  He can transfer the money to you or keep it himself...  sorry I wasn't more to the point in the previous reply...  :cheers:
TxDoc Senior Enthusiast

TxDoc

Posted
Posted

Okay. I gotcha ya. I said I could be wrong. ;)

 

 Good deal!  Post some pics when you can.

mcali17 Enthusiast

mcali17

Posted
Posted
I am checking to find out if this dealer is on the level. My sources say this is highly unusual for him to just give you the dealer cash, it is like giving up profit. Now, customer cash is a different thing and that does exist as well. He may be b.s.ing you and it may have really been customer cash, that he is required to give you, and he is making himself look like a good guy. If GM gave him customer cash and he didn't tell you about it and tried to keep it, he could be in trouble if GM ever came in and audited, and they do that from time to time. I will let you know what I find out.
RapidRide2 Enthusiast

RapidRide2

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Thanks a million Mike,,, He did present himself as the good guy  I asked him if the savings was just at that dealer and he did reply it started for this month only and was at ALL southern region dealers,,,,  like the saying goes   "there is something about someone who wants to give something away"       Def. Keep me posted  Thanks again
Shaners Senior Enthusiast

Shaners

Posted
Posted
You can check at Edmunds or Kelly Blue Book and they should tell you if there is any regional dealer cash available on that model of truck.  I think on one of those sites, it also explains what "dealer cash" is and it says that it can be transferred to the buyer if the dealer wants to do it.
mcali17 Enthusiast

mcali17

Posted
Posted
I checked into the dealer cash thing. My sources say it is possible but he still finds it very hard to believe. I really have no way to confirm this is the case.The only other possibility, is the deal was written wrong from the start, and they offered this "dealer cash" as a way to correct their mistake and make themselves the good guy. Although anything is possible. The way I look at it, you just say thank you and enjoy your truck.  :cheers:
RapidRide2 Enthusiast

RapidRide2

Posted
  • Author
Posted
Mcali, your right i plan on enjoying the truck when i hopefully pick it up on Wed of this week.   What you said makes me wonder  heres the deal      i special ordered the truck with p/255 blackwall tires my salesman told me that all gmc's came with the 255's,, I also ordered the tow package which says it requires the 255 tires... my dealer says the manf. said that they did not specify tires,, which they did not,,,because the order form said "vehicle not complete"  My dealer is trying to charge me for the 255 series tire which is like $145 g.m.s.  However on 2003 window stickers say "no charge for a 255 series BLACKWALL" tire.  I thought it was a cost option only for the 255 white letter tire?  I wonder if they seen thir screwup and offered the $500.00?   Anyways this is geting very interesting ,, i am about to get a 2003 sierra w/ chrome pkg, cruise, 5.3/auto 3.73 lim slip tailer pkg., tow pkg, tint windows cd player for $22,900!!!  p.s. i thought tires were standard equipment lol and if no charge for the 255's ,, why am i getting charged?  I'll investigate this week i guess.
mcali17 Enthusiast

mcali17

Posted
Posted
RapidRide2 What size Sierra did you get, 1500, 1500HD, 2500, 2500HD or 3500?

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