Rippin C6!

CNBC just announced the new incentives for GM.

2008 = employee pricing on all models with ADDITIONAL CASH included.

2009 = selected models will get employee pricing with cash.

No 0% financing.

harddrivin1le

The one "hidden" cost in buying an '08 is the 1 year immediate hit one takes on depreciation.

Here is the link to the CNBC story: http://www.cnbc.com/id/26266871

This link is great for checking incentives and rebates, though it obviously can't be up to the minute in terms of updates:

http://www.edmunds.com/incentives/Re....1.*#chevrolet

ufaj26

WOOOO HOOO here we go !!!!!!!!

peter pan

This should move some more inventory

AFVETTE

Local dealer has several 08's, one in particular has caught my eye. It's MSRP is $54,500. How much would it sell for with "employee pricing"???

Thanks in advance

Tom

PS: Are we sure this INCLUDES Corvette's????

*FAÇADE*

Very cool!

CETA 256

Is there GMS on 09 Vettes?

GotVett?

The no 0% is going to hurt, in any case though.

beepster

According to my info approx $46,745

User 2623

Aproximately:
MSRP: $54,500.00
Inv: $48,971.47
Hold back: $1,620.34
GMS: $46,649.95

Depending upon desired upgrades/features...

Bottom Line: as long as resale values for vettes keep free falling, and your still paying on your loan with a 1/3 left to go, your still burried under and still can't take advantage of this offering. So it's all about new owners ....

harddrivin1le

But '08 cars are now a year old.

So a hefty portion of the perceived "savings" is attributable to normal depreciation on a 1 model year old car.

It's still a good deal - especially for those who are really pressed for upfront cash. I'm just trying to point out all of the variables.

c1vettes

I don't think so but some dealers on the forum were offering gms equivilent prices last month. If you were thinking of a museum delivery or a courtesy delivery, why not order an 09 from one of them?

CETA 256

That is a thought. Just have my eyes on an 09' and thought if GMS on it might pull the trigger. Oh well, love my 07 Vert. and don't "need" to trade.

AFVETTE

Thanks for the info.

wysiwyg

Just to clarify, the article states cash back on "slower-selling light trucks, including the Silverado pickup."

Rippin C6!

They said there will be cash on 08's and selected 09's.

I guess GM has just verified that their cars are overpriced....

08CRMVert

So the question is do you want that "depreciation hit" to come out of your pocket or the dealerships? Even if you bought an 09 right now and traded it in in a month or any time before the '10s come out, you're still going to take that hit either way.