2010 Chevy Malibu LT Purchase

[jfnz24]

Good morning.

Today, I am trying to seal the deal on the purchase of a 2010 Chevy Malibu LT. Sticker is for $27675, and they are offering supplier pricing minus rebates, which he said total $2,000 ($1500 rebate and $500 60 day guarantee). I have GM Card earnings of $3,000, but only will allow $1,000. Through this all, we are still about $2,000 apart. I was wondering a couple of things:

1.) Is there a way to get the price down through additional rebates?
2.) Can the GM Card people be persuaded to remove the redemption allowance? (I have received the rollup offer 3 times in the last two years, but now is the first that I can actually afford a new car).
3.) Any other suggestions?

My wife and I really love the car, and it would replace our 96 Z24, which is nearing the end of the road, so any help would be appreciated. THanks.

John

[linton23]

1.) Is there a way to get the price down through additional rebates?
If you can join USAA you could get some extra money that way i believe its $500 on the malibu.
2.) Can the GM Card people be persuaded to remove the redemption allowance? (I have received the rollup offer 3 times in the last two years, but now is the first that I can actually afford a new car).
No they will not remove it sorry. You may get a total up or they will offer you the total amount some time later but they wont drop it for you on the spot ( I tried with a customer of mine on a Traverse)

3.) Any other suggestions?
Not really its hard to overcome $2000 on a deal many dealer don't even have that much room to work with if they did they would be ripping you off. Speaking from experience with the credit card and all the other rebates you are getting you are getting a deal. The only thing I could see you trying to do is as long as you drive your cars go a longer term or check with a local bank or credit union to get a better finance term if thats what you are doing

[Danko]

First off, your price should not start at MSRP. It should start around invoice and if that dealer is not willing to do that, get an auto broker. Check your local directories for one. They can usually get anything for around invoice. Also do a search for "invoice pricing". THEN you start with the rebate deductions but remember you still have to pay sales tax on the rebate amounts and that is just plain a screw. My new Suburban had a $6000 rebate plus GM Card earnings plus $750 Goodwrench discount coupon and I had to pay sales tax on all those many thousands even though they were not part of the sale price. I must now refrain from anything political or I will hear about it again...............

[linton23]

Originally Posted by Danko

First off, your price should not start at MSRP. It should start around invoice and if that dealer is not willing to do that, get an auto broker. Check your local directories for one. They can usually get anything for around invoice. Also do a search for "invoice pricing". THEN you start with the rebate deductions but remember you still have to pay sales tax on the rebate amounts and that is just plain a screw. My new Suburban had a $6000 rebate plus GM Card earnings plus $750 Goodwrench discount coupon and I had to pay sales tax on all those many thousands even though they were not part of the sale price. I must now refrain from anything political or I will hear about it again...............

I love auto brokers because I make more money on them. The dealers that use the autobroker services pay the auto brokers money for the ones I deal with $400 per deal. Had the customer came to me first he would have gotten a better deal. Also he said that they gave him Supplier price which is a good deal considering the credit car cancels the gm credit union discount that most people use to get that price.

[chevydlrmn]

there is a vehicle overage bonus cash on select inventory based on age of inventory. Having your dealer show you one that is eligible or try to find you a smililar one that has it.

[WannabeRich]

I don't think GM Card points are available with Supplier Pricing. True?

[chevydlrmn]

Originally Posted by WannabeRich

I don't think GM Card points are available with Supplier Pricing. True?

Unless it is a GM Extended Family card.

[Buick61]

Originally Posted by jfnz24

Good morning.

Today, I am trying to seal the deal on the purchase of a 2010 Chevy Malibu LT. Sticker is for $27675, and they are offering supplier pricing minus rebates, which he said total $2,000 ($1500 rebate and $500 60 day guarantee). I have GM Card earnings of $3,000, but only will allow $1,000. Through this all, we are still about $2,000 apart. I was wondering a couple of things:

1.) Is there a way to get the price down through additional rebates?
2.) Can the GM Card people be persuaded to remove the redemption allowance? (I have received the rollup offer 3 times in the last two years, but now is the first that I can actually afford a new car).
3.) Any other suggestions?

My wife and I really love the car, and it would replace our 96 Z24, which is nearing the end of the road, so any help would be appreciated. THanks.

John

That's a fair deal. $2,000 apart? Still? Then you should probably look at a lower trim level or find one with less options. I think the dealer has made a relatively reasonable offer and the ball is in your court to either reject it and find a different car or accept it and take home a very nice Malibu.

You can probably get it for a touch lower than what you're being offered, but not much, and certainly not $2,000.

Originally Posted by WannabeRich

I don't think GM Card points are available with Supplier Pricing. True?

Originally Posted by chevydlrmn

Unless it is a GM Extended Family card.

Just because he's getting the supplier price doesn't actually mean that the dealer is going through the official channels to do that. So there would be no card issue if he's just giving them that price out of his own generosity.

[linton23]

As that supplier pricing is above invoice a dealer can choose to offer it to anyone. They can not ask for reimbursement from GM however if the GM card is used.

[linton23]

Originally Posted by chevydlrmn

there is a vehicle overage bonus cash on select inventory based on age of inventory. Having your dealer show you one that is eligible or try to find you a smililar one that has it.

True however he is looking at a 2010 so he would have to go back a year.

[MrCritical]

Sorry, there is not $2000 room to move on a supplier price.

In fact, there may not be $2000 room to move from the MSRP.

[MalibuMaxxSS]

like everyone else said maybe anice cobalt is more in your budget......there is NOT 2 grand in a MAlibu I can promise you that

[jfnz24]

Well, after doing some research, he isn't giving me supplier price, as the price that is he using is $27,165. Invoice on the car is listed as $26,202.65, so there should be some wiggle room there. Called GM Card just to verify, and you are correct in that they will not move from the redemption limit (I have the World card). Last area would be trade, which is currently at 0 (didn't have the vehicle with me at the time for appraisal). Hope to at least get a couple hundred. Maybe I will be surprised. Also have them looking for one with less options (as all they have are a couple 2010s, and are waiting for more).

One thing I forgot to mention is that they did not offer any financing options. I did have a credit union number to work with, so that is probably why. I wonder if GMAC would have a better rate.... Thanks.

[linton23]

Originally Posted by jfnz24

Well, after doing some research, he isn't giving me supplier price, as the price that is he using is $27,165. Invoice on the car is listed as $26,202.65, so there should be some wiggle room there.

Here is an example on my lot Malibu 2LT sticker $28140 supplier price is $27099 invoice is $26611 Supplier should be over invoice unless the dealer has a ton of advertising on his invoice. Supplier is a fair price if you were not using the GM card and getting say the credit union discount ( they cancel one another) the dealer might give you some of GM's reimbursement for the supplier program. For those that are interested holdback on my unit is only $822. so selling this car at supplier would get around $1200 to the dealer.

[Danko]

Pittsburgh has more than one Chevy dealer. The overage credit is supposedly for vehicles that have sat but my dealer I just bought the Suburban from, says he has Cobalts not yet delivered that qualify for $1500 overage credit. ????????