PEP pricing.... Good deal?

[slick_willy]

I have the opportunity to purchase a LT, manual with 21000 miles through the PEP program. The price is $20000. Just wondering if someone could give me some insight on whether this is a good deal or not. Anyone have experince with a pep car?

[Orange5thGen]

What car is it a 2LT RS?

[slick_willy]

1LT. Not RS

[Number 3]

PEP pricing is as good as you will find. Do you know if it is PEP1, 2 or 3?

PEP1 is (if I recall correctly) 0 to 2,500 miles, PEP2 is 2,500 to 6,000 miles and PEP3 (max discount) is 6,000 miles +.

I am assuming because you are asking this that you aren't the GM employee???? Be careful because it has to stay in the employees name for 6 months if I remember correctly or that person is risking their future discount. The PEP program is MUCH more restrictive than the normal employee discount as far as who qualifies.

But yes, the 1LTs have been coming up at about 20,000 at PEP3.

[slick_willy]

it's PEP 3 pricing since it has 20000 miles. I'm just wondering if I should wait for one to come up with less miles but still with the PEP 3 price. I am a gm employee so I'm all set in that regard.

[Blade]

What the hell is PEP Pricing? I think I am going to feel dumb after reading the response to my question.

[Number 3]

Originally Posted by Blade

What the hell is PEP Pricing? I think I am going to feel dumb after reading the response to my question.

PEP is the GM Company car program, Product Evaluation Program. When the cars completed their service they are typically offered to employees at an extra discount (reflecting they are now have miles on them compared to a new car purchased through the regular employee discount) before sending them to auction. Many of the Captured Test Fleet cars are now becoming available.

That program has been significantly altered and keeps the vehicles in service for up to a year instead of the 4 to 6 months previously. Hence the 20,000 miles on the car the OP is looking at.

Number 3 was still in service when I checked late last year.

[Scrappy Doo]

Seems a bit pricey for a 1lt manual with no RS. I would just buy a new one for that.

Does it have any options? Does the warranty start when you receive it, or does it start at 0 miles?

[Blade]

Thanks for the info Number 3!

[BRKLYN]

Originally Posted by Scrappy Doo

Seems a bit pricey for a 1lt manual with no RS. I would just buy a new one for that.

Does it have any options? Does the warranty start when you receive it, or does it start at 0 miles?

I agree

[Number 3]

Originally Posted by Scrappy Doo

Seems a bit pricey for a 1lt manual with no RS. I would just buy a new one for that.

Does it have any options? Does the warranty start when you receive it, or does it start at 0 miles?

$20,000 is still a pretty good price. But it's probably cost to get in vs. new. a 1LT is still $24,700 base. So it's almost 5 grand off.

And the warranty starts at 0 on these cars.

[IROCanSS]

not to disagree... I am sure you know way more than me but doesnt the warranty start when its titled? My dad got a PEP3 trailblazer a few years back, I thought you got the full warranty when you bought it since it technically has not been titled. I could be wrong (probably am).

[Number 3]

Originally Posted by jrhaus76

not to disagree... I am sure you know way more than me but doesnt the warranty start when its titled? My dad got a PEP3 trailblazer a few years back, I thought you got the full warranty when you bought it since it technically has not been titled. I could be wrong (probably am).

Here is the verbage in the program description:

The warranty on a company-owned vehicle purchased under The Programs is limited to the remainder of the period specified under the GM Limited Warranty from the date the vehicle was first put into company service.

So the warranty period begins when GM puts the vehicle in service.

And the vehicle has a title while it is in service. My current car has a title in the Name of General Motors Company.

Hope that clears it up.