Monday, July 28, 2008

GM Does a Drive-By with Employee Pricing


(Tiger Woods, a spokesperson for GM, standing next to a Buick Enclave.)

For new vehicle buyers shopping for last minute deals, be aware employee pricing promotions are slowing gaining traction again. General Motors just announced they are allowing U.S. employees a one-time opportunity to offer an employee discount to anyone they choose through the end of the month. So, if you know of any GM employee or retiree, you may want to befriend them to have access to their discount. Ford is also offering Employee Pricing on the F-Series truck for the second consecutive month. Unlike GM's program, there is no need to track down an employee or retiree to access the discount.

Besides the Employee Pricing promotions, Mazda is offering 0% financing for 36 months on most of their models or if you need a longer payment structure - 1.9% financing for 60 months, while Toyota has 0% financing placed on the hoods every new Tundra pick up truck. Luxury automakers are in the incentive game, too - Mercedes is offering up to 1.9 % financing for 72 months on its $50,000 E-Class sedans. So, savvy shoppers should be able to find some really good deals before the end of the month. Before making your move, check out "Jeff's Top 20 Best Month-End Deals List." You should be able to buy most of the vehicles we recommend at or below invoice, the amount the dealers paid. If you need assistance calculating your payment, check out our calculator.

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