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Quick Rebate Question

squarej

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squarej Enthusiast

squarej

Posted
Posted

I was under the impression that the 5000 rebate was available without having to finance through the dealership/GM.

I was told this weekend by a dealer that I had to finance through them to qualify for the rebate.

Please tell me this was just a mistake. I have no desire to get financing through them as I am happy with my credit union.

 

Thanks

 

Jamie

Ron_CA Enthusiast

Ron_CA

Posted
Posted
Sometimes the fine print states just that. Look on the rebate section of the website. It will be posted there.

 

 

Not true. You don't have to finance at all to qualify for the rebate.

RyanbabZ71 Senior Enthusiast

RyanbabZ71

Posted
Posted

you should not have to finance through them to get the rebate if the rebate is from GM.

 

Seems like a scam that the dealership is trying to pull in my opinion. What if you were paying cash?

squarej Enthusiast

squarej

Posted
  • Author
Posted

That is what I thought too about paying cash, my credit union pre-approves me and I write a check and they cover it. So to the dealer it is like paying cash.

 

I have an appointment with a different dealer this week and since I have a relationship with them, I know they will give the the straight story.

That more I think about it the more that dealer is getting under my skin.

 

Thanks for the input

 

Jamie

redsled2007 Enthusiast

redsled2007

Posted
Posted

The way I read the "small print" on the GMC web site is either or. Take the 0% for 72 months OR get the $5000 rebate, not both. BUT, if he's going to give you 0% AND $5000 then I'd take that.

Sounds like he wants you to take a standard rate apr and and give you $5000 off the selling price. He gets a kickback for selling you the loan package.

You could always take the offer and then pay it off with the loan from your credit union. Then you will probably get a nasty phone call from the salesman because he had to give the kickback back!

Z45 Senior Enthusiast

Z45

Posted
Posted
BUT, if he's going to give you 0% AND $5000 then I'd take that.

 

Not possible! Its either or. I happen to know of someone who got that kind of deal and it tuned out to be his worst nightmare. It was a big fight between him and the dealer over the $3,500 rebate because GMAC would not approve the loan. How would they know, the rebate was on the purchase agreement. A newer office employee failed to catch a mistake the salesman made but GMAC caught it.

 

You would think he had the dealer over a barrel but to make a long story short, he caved in because it was a no win situation for him. Cost more to fight it than worth trying to get title to the car.

squarej Enthusiast

squarej

Posted
  • Author
Posted

I am just looking for 5K rebate and 750 USAA rebate along with my suppliers discount.

Dealership i talked to this week said they can do it. Now to see what they give me for trade....

 

 

Jamie

jzinckgra Enthusiast

jzinckgra

Posted
Posted

I just bought my SLT last wknd and brought a check from my CU. you do not have to finance at the dealer to get the rebate. The dealer's 72 month apr was weak anyways (4.99%). I got 3.99% from my CU.

oldschool327 Senior Enthusiast

oldschool327

Posted
Posted
Sometimes the fine print states just that. Look on the rebate section of the website. It will be posted there.

 

 

Not true. You don't have to finance at all to qualify for the rebate.

 

 

 

Not true about what? I gave advice to look at the fine print and the website might have the info he is looking for. Not an answer to his question just advice. :crackup:

 

Sorry Mister Donald Trump......... :cheers: I will go and wander aimlessly through the site now. Thanks

Ron_CA Enthusiast

Ron_CA

Posted
Posted
Sometimes the fine print states just that. Look on the rebate section of the website. It will be posted there.

 

 

Not true. You don't have to finance at all to qualify for the rebate.

 

 

 

Not true about what? I gave advice to look at the fine print and the website might have the info he is looking for. Not an answer to his question just advice. :crackup:

 

Sorry Mister Donald Trump......... :cheers: I will go and wander aimlessly through the site now. Thanks

 

 

 

Take it easy Man.....I was just responding to the OP, not to you Maybe I pushed the wrong button

oldschool327 Senior Enthusiast

oldschool327

Posted
Posted

It's cool!

 

When you quote someone your are directing it to them not the OP.

 

We have all got either screwed, a killer deal, or drove away with a fair deal. Gotta read the fine print that is what I am recommending, it will make or break you.

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