Quote:
Originally Posted by Ant
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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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.