Friday, May 20, 2022
Features What Is The GM Preferred Pricing Employee Discounts?

What Is The GM Preferred Pricing Employee Discounts?

Are employee discounts like GM Preferred Pricing worth it?

There are plenty of ways to save money when purchasing a new vehicle. One of those ways is through exclusive employee pricing or discounts. Not every automaker offers employee pricing discounts, and they don’t always call it the same thing either. Ford refers to it as employee pricing while GM calls it Preferred Pricing. Nissan, Mazda and a handful of other automakers offer this type of pricing as well.

Regardless of the name, it provides essentially the same benefits. Buyers get access to rebates that are sometimes offered to the regular public, but often are reserved for close associates and employees.

GM Preferred Pricing, for example, sets the price for a new vehicle at the invoice price plus 1.5% of the MSRP. Better yet, the rebates can be stacked with other rebates that are offered to the public on regularly-priced vehicles. Although the exact amount saved will differ from one model to the next, the key takeaway here is that if you can get access to GM Preferred Pricing, it’s certainly financially advantageous.

“We’re used to helping GM employees get their GM Preferred Pricing benefits here at John Bear, being so close to a GM plant. Although I can’t speak of specific rebates given that they vary greatly from one model to the next, what I can say is that they provide a ton of value and make buying a GMC or Buick a no-brainer for a General Motors employee”, says one sales representative at John Bear GM in St. Catharines, Ontario.

Here are a few things to know about GM Preferred Pricing:

  • Up to two vehicles can be purchased with GM Preferred Pricing
  • Vehicles purchased under the GM Preferred Pricing plan have to be kept for at least six months or 12,000 kilometers.
  • Most Chevrolet, Buick, GMC, and Cadillac cars and SUVs are eligible with a few exceptions.
  • The process of buying the vehicle is basically identical to buying any vehicle; you can add a trade-in to the deal and you can choose either a vehicle in dealership inventory or order it.

For automaker employees like GM employees, it can pay to learn more about the discounts available to you. Learn more about GM Preferred Pricing here.

 

 

 

Trending Now

A GM Design Study Shows a Possible Replacement for the GMC Terrain

The drawing shows a futuristic EV wearing the GMC and Denali logos The portrayed vehicle looks like a compact SUV It is still...

The Chevrolet Tahoe and Suburban Receive Super Cruise and a New Grille for 2023

Super Cruise will be available in the Premier and High-Country trim levels for the first time A new Grille can be had as...

Sales of the 2023 Genesis GV60 Begin Today in the United States

The Genesis GV60 is the first electric model from the brand It shares its mechanicals and its 800-volt architecture with the Hyundai Ioniq...

Lamborghini Squadra Corse Announces LMDh Prototype Entry for 2024

Lambo will be running top-tier endurance racing for first time LMDh class designed to help cut running costs Lamborghini has just announced its first...

Ford Launches its 30th Recall of the Year, This Time Affecting 39,000 SUVs

This recall is due to a fire risk aboard the Expedition and Lincoln Navigator The cause has not yet been determined, owners are...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.