Re: Employee pricing plans
I have utilized this website before in regard to car buying tips. It has alot of information that can be useful. Here is what is said regarding the employee pricing plans:
How To Maximize Your Savings From GM, Ford, Chrysler Employee Pricing Plans
Employee pricing plans, previously available to employees for years, and now to consumers, offer decent pricing but in many cases should be even lower. For years GM employees have told us they paid less than GM Employee Pricing which is not a rock bottom price. Some salespeople capitalize on this promotion by not budging on pricing of extras, or refusing to give up holdback, claiming employee pricing offers them no profit. That's a lie, as pricing is subsidized by the car makers. It's foolish to believe GM would lower our price, and not shift the dealer's cost down too. This downward shift allows many dealers to reduce the price further, due to 3% holdback and other incentives. To maximize your savings, we recommend you shop your new car from home with competing bids from sites like Cars.com or InvoiceDealers, and the Fax Attack methods and sample cover letters outlined by consumer advocates FightingChance.com. During negotiations, advise dealers of stiff competition for your business. Advise them you know these plans provide 5% profit, dealers can sell below the employee price and still earn a profit. Heated competition should float your price lower. We have reports of recent buyers whose dealers discounted below employee pricing, from $800 to $3000 depending on the price. Proof of our advice is in the pudding: CarsDirect.com claims they can beat the GM Employee price on most cars. Even with these employee pricing plans, we recommend that you read our entire article because our other negotiating tactics can help you save even more.
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