College graduate rebate - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

VoodooVyper · 10-15-2011, 01:26 PM

Hi,

I just discovered that recent college graduates qualify for a $1,000 rebate from GM. I already ordered my Camaro and called the rep today since he made no mention of it during the sale (even though I told him I just recently graduated). He said that it's preferred pricing. He said that even with the $1,000 off the preferred price, my price of invoice+$100 might be better.

Is this how it works? I can't get the $1,000 off my invoice+$100 price?

Clypherus · 10-15-2011, 01:55 PM

You should be aboe to. Gm reinburses dealers for rebates so the rebare has nithing to do with the price already negotiated

nashstat · 10-16-2011, 02:50 AM

Quote:

Originally Posted by VoodooVyper

Hi,

I just discovered that recent college graduates qualify for a $1,000 rebate from GM. I already ordered my Camaro and called the rep today since he made no mention of it during the sale (even though I told him I just recently graduated). He said that it's preferred pricing. He said that even with the $1,000 off the preferred price, my price of invoice+$100 might be better.

Is this how it works? I can't get the $1,000 off my invoice+$100 price?

Well he could be right. Not sure how this works, but basically all GM rebates are supposed to be taken off MSRP. Not sure if you can combine college and supplier pricing.

GM does pay back for the rebate, but again not sure what the rules are for that. If I were you I would call some of the reputed dealers on this forum and see what they say.

epkmvuoq · 10-16-2011, 06:40 AM

Quote:

Originally Posted by Clypherus

You should be aboe to. Gm reinburses dealers for rebates so the rebare has nithing to do with the price already negotiated

This is absolutely correct!!!!!!!!!!!!! Positively.

fielderLS3 · 10-16-2011, 06:51 AM

I looked into this in 2010. Unless it has changed, the college rebate gives you "preferred pricing." It is just like the supplier pricing. It does not work like a normal rebate. Under the rules, GM sets the price out the door, and the dealers are not allowed to negotiate beyond that. In 2010 when dealers where not giving an inch on pricing, the supplier pricing was cheaper. Today, there are better deals, and your already negotiated deal may actually be better, depending on how much off the sticker the dealer is giving you. To find out for sure, you can go onto Chevrolet's web site, build your car, and look up exactly what the preferred price is for your exact vehicle.

TiffBiff · 10-16-2011, 08:04 AM

Supplier discount = student/recent graduate discount = preferred pricing You can not combine discounts (I was a student & supplier so I couldn't get $2,000 off (or whatever it was at the time)). The $xxxx off is just saying what you would save off of the MRSP at the time, not an actual rebate or coupon type discount. Turns out that the deal offered to me was better than my "discount" would have been (and I got employee pricing on all of my extras I bought at the time of the sale).

Shuffler · 10-16-2011, 08:25 AM

I always see stated rebates as a shell game. Never rush into anything.

VoodooVyper · 10-16-2011, 01:52 PM

Thanks for the input everyone. I'll update when I pick the car up (hopefully next month).

10-15-2011, 01:26 PM	#1
VoodooVyper Drives: 2012 IBM Camaro 1LT/RS Join Date: Oct 2011 Location: MA Posts: 275 View My Garage	College graduate rebate Hi, I just discovered that recent college graduates qualify for a $1,000 rebate from GM. I already ordered my Camaro and called the rep today since he made no mention of it during the sale (even though I told him I just recently graduated). He said that it's preferred pricing. He said that even with the $1,000 off the preferred price, my price of invoice+$100 might be better. Is this how it works? I can't get the $1,000 off my invoice+$100 price?

10-16-2011, 06:51 AM	#5
fielderLS3 Drives: 2016 Mazda6, 2011 Mustang 5.0 Join Date: Mar 2010 Location: Portage, Wisconsin Posts: 4,049	I looked into this in 2010. Unless it has changed, the college rebate gives you "preferred pricing." It is just like the supplier pricing. It does not work like a normal rebate. Under the rules, GM sets the price out the door, and the dealers are not allowed to negotiate beyond that. In 2010 when dealers where not giving an inch on pricing, the supplier pricing was cheaper. Today, there are better deals, and your already negotiated deal may actually be better, depending on how much off the sticker the dealer is giving you. To find out for sure, you can go onto Chevrolet's web site, build your car, and look up exactly what the preferred price is for your exact vehicle. __________________ 2022 1SS 1LE (Arrived 4/29/22) "The car is the closest thing we will ever create to something that is alive." . 2022 1SS 1LE (Coming Soon)

10-16-2011, 08:04 AM	#6
TiffBiff SNOT URS Drives: '17 Krypton A10 ZL1 '14 Challenger Join Date: Aug 2010 Location: North of Detroit Posts: 407	Supplier discount = student/recent graduate discount = preferred pricing You can not combine discounts (I was a student & supplier so I couldn't get $2,000 off (or whatever it was at the time)). The $xxxx off is just saying what you would save off of the MRSP at the time, not an actual rebate or coupon type discount. Turns out that the deal offered to me was better than my "discount" would have been (and I got employee pricing on all of my extras I bought at the time of the sale). __________________ 11/22/10 1100 ___________________ 02/09/17 1100 Krypton Green ZL1 A10 Vert 01/04/11 3400 ___________________ 04/07/17 Coupe ORDER# VGDJVB 01/12/11 3000 ___________________ 04/12/17 3000 Coupe 01/15/11 3300 ___________________ 04/18/17 TPW ~ 5/15/17 01/18/11 3400 TPW ~ 1/24/11 ______ 05/01/17 3100 01/27/11 4B00 ~ VIN#55960 _______ 05/03/17 3300 02/28/11 4B00 ___________________ 05/05/17 3400 03/14/11 Bought VIN#65770 ________ 05/16/17 3800 ~ VIN#209129 05/03/11 VIN#55960 delivered ______ 05/18/17 delivered

10-16-2011, 08:25 AM	#7
Shuffler God Bless Dawson Drives: Synergy for my Daughter Join Date: Feb 2010 Location: Texas Posts: 3,057	I always see stated rebates as a shell game. Never rush into anything. __________________

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10-15-2011, 01:55 PM	#2
Clypherus Drives: Civic 09 lX-s Join Date: Jun 2011 Location: Maryland Posts: 52	You should be aboe to. Gm reinburses dealers for rebates so the rebare has nithing to do with the price already negotiated

10-16-2011, 01:52 PM	#8
VoodooVyper Drives: 2012 IBM Camaro 1LT/RS Join Date: Oct 2011 Location: MA Posts: 275 View My Garage	Thanks for the input everyone. I'll update when I pick the car up (hopefully next month).