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Old 01-18-2009, 03:20 PM   #1
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Citibank employee discounts?

I have 2 family members who work for Citibank, and they get discounts on a lot of stuff, including American-brand cars. My cousin got a Pontiac G6 this past summer, and with the discount, his payments dropped $30 a month!

Will this type of discount be able to used for a Camaro?
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Old 01-18-2009, 03:25 PM   #2
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There are suppler discounts that will be authorized by GM. The bigger question is when will dealers start accepting them.
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Old 01-18-2009, 03:34 PM   #3
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There are suppler discounts that will be authorized by GM. The bigger question is when will dealers start accepting them.
An even bigger question is if Citibank is considered an authorized GM supplier.
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Old 01-18-2009, 03:42 PM   #4
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Originally Posted by Ant View Post
I have 2 family members who work for Citibank, and they get discounts on a lot of stuff, including American-brand cars. My cousin got a Pontiac G6 this past summer, and with the discount, his payments dropped $30 a month!

Will this type of discount be able to used for a Camaro?
IF they are a GM supplier, you family member could potentially get the GSU discount. However, they can not pass this on to others, unless GM is having a limited time promotion.
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Old 01-18-2009, 03:45 PM   #5
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Quote:
Originally Posted by Ant View Post
I have 2 family members who work for Citibank, and they get discounts on a lot of stuff, including American-brand cars. My cousin got a Pontiac G6 this past summer, and with the discount, his payments dropped $30 a month!

Will this type of discount be able to used for a Camaro?
My bank has something similar but they do it for everyone who has an account with them not just employees.

You order your car though them and they then order the car for you though one of their dealers that they have contracts with. Them and the dealers have agreements that the dealerships can use them to do financing with in exchange that the bank can order cars and trucks for $1- $2k below employee pricing depending on the vehicle. The bank then sells you the car at invoice and lower APR then their normal rates. You save the difference between MSRP and invoice plus the money saved for lowing the APR and the bank makes more money.
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Old 01-18-2009, 04:48 PM   #6
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My bank has something similar but they do it for everyone who has an account with them not just employees.

You order your car though them and they then order the car for you though one of their dealers that they have contracts with. Them and the dealers have agreements that the dealerships can use them to do financing with in exchange that the bank can order cars and trucks for $1- $2k below employee pricing depending on the vehicle. The bank then sells you the car at invoice and lower APR then their normal rates. You save the difference between MSRP and invoice plus the money saved for lowing the APR and the bank makes more money.
Do you know which banks do this? I have Chase...
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Old 01-18-2009, 05:06 PM   #7
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From my understanding this may be just a dealer thing (setting discount stipulations), as they're the one setting prices for you in which you purchase the car over (or at MSRP).

Denooyer in kalamazoo has said that they were willing to honor the discounts available to all customers on a case by case basis. This includes GSU, Employee Pricing, Color Tag Discounts, what have you. I have been impressed and will definately be working with them when the time comes to get my Camaro ready for the streets.
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Old 01-18-2009, 08:22 PM   #8
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Do you know which banks do this? I have Chase...
I have no clue if any other banks do something like this. You'll just have to call and ask.
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Old 01-18-2009, 10:03 PM   #9
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The discount he is talking about probably is an APR discount not a vehicle price discount.
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Old 01-18-2009, 10:41 PM   #10
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Yes, Citibank does qualify for GM Supplier pricing.
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Old 01-19-2009, 11:27 AM   #11
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Yes, Citibank does qualify for GM Supplier pricing.
Ok, cool. So I guess we just don't know when they will accept these discounts yet.
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Old 01-19-2009, 06:06 PM   #12
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Ok, cool. So I guess we just don't know when they will accept these discounts yet.
It's already been made clear by GM that supplier pricing will be offered from day one. The only question is will your dealer offer it. If they don't, simply find a dealer who will.
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Old 01-20-2009, 11:10 PM   #13
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MY GUESS IS THAT CITIBANK AND GM BOTH WILL JUMP SHIP TOGETHER AND LEAVE US HIGH AND DRY .WE WILL NOT SEE ANY DISCOUNT ON THIS CAR . YOU ARE LUCKY WITH MSRP . . IM VERY GOOD FRIENDS WITH A MAJOR DEALER IN NEWYORK WHICH I BOUGHT 8 NEW CARS ALLREADY AND HE WILL NOT SELL TO ME BECAUSE HE DONT WANT TO ROB ME. HE TOLD ME TO WAIT , SO I WENT TO A SMALLER DEALER WHO WILL TRY TO HELP ME GET THIS CAR . MY OPINION ONLY.
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Old 01-21-2009, 06:20 PM   #14
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MY GUESS IS THAT CITIBANK AND GM BOTH WILL JUMP SHIP TOGETHER AND LEAVE US HIGH AND DRY .WE WILL NOT SEE ANY DISCOUNT ON THIS CAR . YOU ARE LUCKY WITH MSRP . . IM VERY GOOD FRIENDS WITH A MAJOR DEALER IN NEWYORK WHICH I BOUGHT 8 NEW CARS ALLREADY AND HE WILL NOT SELL TO ME BECAUSE HE DONT WANT TO ROB ME. HE TOLD ME TO WAIT , SO I WENT TO A SMALLER DEALER WHO WILL TRY TO HELP ME GET THIS CAR . MY OPINION ONLY.
Geee, I think I'll believe GM before I believe you. GM has said the camaro will be eligible for all discounts from day one. If I had the link, I'd post it but sadly I don't. If you are "very good friends" with this "major dealer," tell your very good friend to give you a deal.
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Old 01-21-2009, 09:43 PM   #15
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Well all the dealers I called said there won't be any discounts on this car.
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Old 01-22-2009, 06:20 PM   #16
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Well all the dealers I called said there won't be any discounts on this car.
Hah, call some more dealers. Chevy can't sell a car without discounting it. We are not talking about a supercar here. It's a Camaro, and yes, they will have to discount it to sell it. Hell, they can't even sell Corvette's at MSRP.
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Old 01-22-2009, 06:40 PM   #17
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Hello Vash, have you ordered your Camaro yet? I work for Classic Chevrolet in Grapevine Texas (#1 Chevy dealer in US) and I can answer any question and give you pricing if you'd like. Thanks Alex
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Old 01-22-2009, 09:18 PM   #18
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Hah, call some more dealers. Chevy can't sell a car without discounting it. We are not talking about a supercar here. It's a Camaro, and yes, they will have to discount it to sell it. Hell, they can't even sell Corvette's at MSRP.
All the ones on Long Island basically won't take the discount on the Camaro lol. They said they will take it on the other cars, but not the Camaro.
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