Comments on: GM Offers Non-Employees Employee Discounts

By: bogus offer

bogus offer — Sat, 23 Aug 2008 01:01:19 +0000

My husband and I just came back from trying to purchase a $40,000.00 CTS. We went in with our own financing and an excellent luxury trade.
The price on the CTS was good, not great. Since we were not using GM’s financing their intention was to give us $4000.00 less than the trade value of our car.
This offer is not what it appears to be and if GM is hurting so much, why would they let customers with cash walk out the door.
It seems to me that employee discounts are still just for the employees and used as a ploy to get people in the door.

By: capeplates

capeplates — Sat, 26 Jul 2008 08:42:43 +0000

Nissan have been offering this service to punters for years

By: The Walking Eye

The Walking Eye — Sat, 26 Jul 2008 00:22:02 +0000

If you go to http://www.gmfamilyfirst.com and then in the pulldown menu at the top of the page select Build Your Own you can see the GMS pricing for any configuration. It’s not exact, but it’s very close.

By: FINANCEGUY

FINANCEGUY — Fri, 25 Jul 2008 22:46:48 +0000

Example 2008 GMC Sierra 1500 4WD Crew Cab Slt
MSRP-$41015.00
Invoice-$38209.00
GM Employee price $36355.00
Certain conquest rebates cant such as Enclave,Acadia and Vibe cant be used with
employee pricing but most others can.These are
numbers I am reading off a real invoice

By: rohman

rohman — Fri, 25 Jul 2008 21:42:30 +0000

Friends don’t give friends GM employee discounts.

By: eamiller

eamiller — Fri, 25 Jul 2008 21:00:51 +0000

Robert,
3% off published dealer invoice pricing is very much on the high side. A Chevy Cobalt ranges from 2.1% for the base model, to 2.4% for the SS. An Escalade AWD Platinum edition is 3.04% off dealer invoice (or over $8000 of MSRP), so the more you spend, the more you save.

Keep in mind, they will also be eligible for any financing/rebate deals.

By: lprocter1982

lprocter1982 — Fri, 25 Jul 2008 20:48:03 +0000

I think GM’s problems come down to two things:

1) They panicked

2) They forgot their towel.

If they had followed the advice of the Hitchhiker’s Guide to the Galaxy, they’d be fine. Oh well.

By: monkeyboy

monkeyboy — Fri, 25 Jul 2008 19:20:39 +0000

Absurd. Truly absurd.

Anyone can get a deal better than Employee Pricing by just walking off the street and proving a pulse.

Come to think of it, 1 year ago you could buy a house with the same qualifications.

Let’s go lynch some realtors…..

By: Ken Elias

Ken Elias — Fri, 25 Jul 2008 18:49:25 +0000

faster_that_rabbit – You’re right, it is prohibited. But doesn’t mean some won’t try and it’s likely impossible to adequately police. GM’s more worried about boosting sales to anyone right now.

Here’s a little factoid about GM employees. Viagra was (and maybe still is) provided as part of GM’s health plan. Enterprising employees and retirees got a doctor to say they needed the blue pills. Guess what some of them did with their monthly supply…

The point is that something gotten for free that has value will find a market. It’s the “invisible hand” of Adam Smith at work.

By: Lichtronamo

Lichtronamo — Fri, 25 Jul 2008 18:36:26 +0000

The GMS discount is worth approximately 11% off MSRP.

By: nudave

nudave — Fri, 25 Jul 2008 17:53:06 +0000

Isn’t talking your friends and family into buying a POS the automotive equivalent of serving them tainted food?

By: faster_than_rabbit

faster_than_rabbit — Fri, 25 Jul 2008 17:47:57 +0000

Ken, I would think GM would prohibit selling the “employee pricing right” as part of the deal (punishable by firing). That’s pretty standard for this sort of employees-and-acquaintances offering in corporate America.

By: Ken Elias

Ken Elias — Fri, 25 Jul 2008 17:05:16 +0000

The real point is that GM employees will SELL their “employee pricing rights” on eBay/craiglist/etc. Why would they give it away (unless they’re really munificent)? GM has created a “rights offering” of sorts which imbeds value unto those rights. How much the rights offering is worth to a buyer remains to be determined, but it’s at least several hundred dollars.

By: Bunter1

Bunter1 — Fri, 25 Jul 2008 16:38:54 +0000

And NEXT month?

I predict the return of the “Employee discount for all” fairly soon.
BTW-My personal name for that past (and future?) debacle was/is “The Kegger”.
Panic is not a sign of leadership Rick.
Might be an appropriate reaction emotionally however.

One item to note, in June Ford held the line on incentive vs. the others in the Debt 3.
See if they can keep it up (down?).

Bunter

By: hltguy

hltguy — Fri, 25 Jul 2008 16:34:37 +0000

Elvis would have benefitted from this, he purchased a lot of Cadillacs during his life. But your photo does bring the mind what we will be hearing in the not too distant future: “General Motors Has left the Building”.
(BTW: as they stated in Men in Black, Elvis didn’t die, he just went home.)