Are you curious about the similarities and differences between the GM employee discount and the friends and family discount? If so, you're in the right place. In this detailed article, we'll delve into these two programs and provide you with a clear understanding of their respective benefits. Whether you're a GM employee or a friend or family member of one, this article will help you make informed decisions about your next vehicle purchase.
Both the GM employee discount and the friends and family discount offer significant savings on new vehicles. However, there are some key differences between the two programs. Let's take a closer look at each one to see which one is right for you.
Transition: Now that we have a basic understanding of both the GM employee discount and the friends and family discount, let's explore their similarities and differences in more detail.
is gm employee discount same as friends and family
The GM employee discount and the friends and family discount are both offered by General Motors to provide significant savings on new vehicles. However, there are some key differences between the two programs.
- Different Eligibility: GM employee discount is exclusive to GM employees, while friends and family discount is open to friends and family members of GM employees.
- Savings Amount: GM employee discount typically offers a higher discount than the friends and family discount.
- Vehicle Selection: GM employee discount may have some restrictions on vehicle selection, while friends and family discount is generally applicable to all new vehicles.
Overall, both programs offer valuable savings on new GM vehicles, but the eligibility requirements, discount amount, and vehicle selection may vary. It's important to compare both programs and choose the one that best suits your needs and circumstances.
Different Eligibility: GM employee discount is exclusive to GM employees, while friends and family discount is open to friends and family members of GM employees.
The eligibility requirements for the GM employee discount and the friends and family discount are quite different. Let's break it down:
- GM Employee Discount:
This discount is exclusively available to current and retired GM employees, as well as their spouses and dependent children. GM employees must be actively employed at the time of purchase to qualify for the discount.
- Friends and Family Discount:
This discount is open to friends and family members of GM employees. Eligible individuals include spouses, parents, siblings, children, grandchildren, and grandparents of GM employees. Friends and family members must be related to the GM employee by blood or marriage, and they must provide proof of their relationship to the employee.
- Additional Eligibility Criteria:
Both the GM employee discount and the friends and family discount may have additional eligibility criteria, such as a minimum length of employment or a specific vehicle purchase timeframe. It's important to check with your local GM dealership to confirm the exact eligibility requirements.
- Proof of Eligibility:
When purchasing a vehicle under either discount program, you will be required to provide proof of eligibility. This may include a GM employee ID card, a pay stub, or a birth certificate or marriage certificate to verify your relationship to a GM employee.
By understanding the different eligibility requirements, you can determine which discount program you qualify for and take advantage of the associated savings on your new GM vehicle.
Savings Amount: GM employee discount typically offers a higher discount than the friends and family discount.
When it comes to the savings amount, the GM employee discount typically offers a higher discount than the friends and family discount. Here are some details to consider:
GM Employee Discount:
- Discount Percentage: GM employees can typically receive a discount of 3% to 10% off the Manufacturer's Suggested Retail Price (MSRP) of a new vehicle. In some cases, the discount may be even higher, depending on the vehicle model, trim level, and current promotions.
- Additional Incentives: In addition to the discount, GM employees may also be eligible for other incentives, such as cash rebates, special financing rates, and loyalty bonuses. These incentives can further reduce the purchase price of the vehicle.
Friends and Family Discount:
- Discount Percentage: Friends and family members of GM employees typically receive a discount of 1% to 5% off the MSRP of a new vehicle. The exact discount amount may vary depending on the vehicle model, trim level, and current promotions.
- Limited Incentives: Friends and family members may not be eligible for all of the same incentives as GM employees. They may have access to special financing rates or loyalty bonuses, but cash rebates and other incentives may be restricted to GM employees only.
Overall, the GM employee discount typically offers a higher discount and more generous incentives compared to the friends and family discount. However, it's important to note that the actual savings amount can vary depending on a number of factors, including the vehicle model, trim level, and current promotions. Be sure to compare both programs and choose the one that provides the best savings for your specific situation.
If you're eligible for both the GM employee discount and the friends and family discount, you can compare the offers from multiple dealerships to get the best deal possible. You may also want to consider negotiating with the dealership to see if you can get an even lower price.
Vehicle Selection: GM employee discount may have some restrictions on vehicle selection, while friends and family discount is generally applicable to all new vehicles.
When it comes to vehicle selection, there may be some differences between the GM employee discount and the friends and family discount:
GM Employee Discount:
- Vehicle Restrictions: GM employee discounts may have some restrictions on the types of vehicles that are eligible for the discount. For example, some discounts may only apply to certain vehicle models, trim levels, or body styles. It's important to check with your local GM dealership to confirm which vehicles are eligible for the employee discount.
- Fleet Vehicles: GM employee discounts may not be applicable to fleet vehicles, such as those purchased for commercial or business use. Fleet vehicles typically have their own set of discounts and incentives.
- Program Exclusions: There may be certain GM programs or promotions that are excluded from the employee discount. For example, some special lease programs or loyalty bonuses may not be combinable with the employee discount.
Friends and Family Discount:
- Broader Selection: The friends and family discount is generally applicable to all new vehicles in the GM lineup. This means that friends and family members have a wider selection of vehicles to choose from, including different models, trim levels, and body styles.
- Fleet Vehicles: Friends and family discounts may also be applicable to fleet vehicles, depending on the dealership and the specific program terms.
- Program Compatibility: Friends and family discounts are often compatible with other GM programs and promotions. This means that friends and family members may be able to combine the discount with special lease programs, loyalty bonuses, or other incentives.
Overall, the friends and family discount typically offers a broader selection of vehicles and more flexibility in terms of combining discounts and incentives. However, it's always a good idea to check with your local GM dealership to confirm the specific vehicle selection and program availability for both the GM employee discount and the friends and family discount.
It's important to note that vehicle selection can also vary depending on the current inventory at the dealership. Some models or trim levels may be in high demand and have limited availability, while others may be more readily available. It's a good idea to contact multiple dealerships to compare their inventory and pricing before making a purchase decision.
FAQ
Introduction:
Have questions about GM discounts? We've compiled a list of frequently asked questions to help you understand how to save money on your next GM vehicle purchase.
Question 1: What is the GM employee discount?
Answer: The GM employee discount is a special discount offered to current and retired GM employees, as well as their spouses and dependent children. The discount typically ranges from 3% to 10% off the Manufacturer's Suggested Retail Price (MSRP) of a new vehicle.
Question 2: Who is eligible for the friends and family discount?
Answer: The friends and family discount is available to friends and family members of GM employees. Eligible individuals include spouses, parents, siblings, children, grandchildren, and grandparents of GM employees. Friends and family members must provide proof of their relationship to the GM employee.
Question 3: Which vehicles are eligible for the GM employee discount?
Answer: The GM employee discount may have some restrictions on vehicle selection. Some discounts may only apply to certain vehicle models, trim levels, or body styles. It's important to check with your local GM dealership to confirm which vehicles are eligible for the employee discount.
Question 4: Can I combine the GM employee discount with other incentives?
Answer: Yes, GM employees may be eligible to combine the employee discount with other incentives, such as cash rebates, special financing rates, and loyalty bonuses. However, it's important to check with your local GM dealership to confirm which incentives are available and compatible with the employee discount.
Question 5: How do I get the GM employee discount?
Answer: To get the GM employee discount, you must provide proof of your employment or relationship to a GM employee. This may include a GM employee ID card, a pay stub, or a birth certificate or marriage certificate to verify your relationship to a GM employee. You can then present this proof at a participating GM dealership to receive the discount.
Question 6: Can I negotiate the price of my vehicle even further after applying the GM employee discount?
Answer: Yes, you may be able to negotiate the price of your vehicle even further after applying the GM employee discount. The actual savings amount can vary depending on a number of factors, including the vehicle model, trim level, and current promotions. It's a good idea to compare offers from multiple dealerships and negotiate with the dealership to get the best possible price.
Closing Paragraph:
We hope this FAQ section has helped answer your questions about GM discounts. If you have any further questions, please don't hesitate to contact your local GM dealership for more information.
Transition:
Now that you have a better understanding of GM discounts, here are some additional tips to help you save even more money on your next vehicle purchase:
Tips
Introduction:
Here are some practical tips to help you save even more money on your next GM vehicle purchase:
Tip 1: Compare Prices from Multiple Dealerships:
Don't just settle for the first offer you receive. Take the time to compare prices from multiple GM dealerships in your area. You may be surprised to find that some dealerships offer better deals than others. You can use online car-buying websites or contact dealerships directly to get quotes and compare prices.
Tip 2: Negotiate the Price:
Don't be afraid to negotiate the price of your vehicle, even after applying the GM employee discount or friends and family discount. Dealerships often have some wiggle room in their pricing, and you may be able to get a lower price if you're willing to negotiate. Be prepared to walk away from the deal if the dealership is not willing to meet your price.
Tip 3: Consider a Lease:
If you're not sure whether you want to buy a new vehicle or not, consider leasing instead. Leasing can be a more affordable option, especially if you don't plan on keeping the vehicle for a long time. GM offers a variety of lease programs that can help you save money.
Tip 4: Take Advantage of Special Offers and Incentives:
GM frequently offers special offers and incentives on new vehicles. These incentives can include cash rebates, special financing rates, and loyalty bonuses. Be sure to ask your GM dealer about any current offers or incentives that you may be eligible for.
Closing Paragraph:
By following these tips, you can save money on your next GM vehicle purchase. Remember to do your research, compare prices, negotiate the price, and take advantage of special offers and incentives. With a little bit of effort, you can get a great deal on your new GM vehicle.
Transition:
In conclusion, the GM employee discount and the friends and family discount can provide significant savings on new GM vehicles. By understanding the differences between these two programs, you can choose the one that best suits your needs and circumstances. And by following the tips provided in this article, you can save even more money on your next GM vehicle purchase.
Conclusion
Summary of Main Points:
- The GM employee discount and the friends and family discount are both offered by General Motors to provide significant savings on new vehicles.
- The GM employee discount is exclusive to GM employees and their families, while the friends and family discount is open to friends and family members of GM employees.
- The GM employee discount typically offers a higher discount than the friends and family discount, but the friends and family discount has a broader selection of vehicles to choose from.
- Both discounts may have additional restrictions and eligibility criteria, so it's important to check with your local GM dealership for more information.
- To save even more money on your next GM vehicle purchase, consider comparing prices from multiple dealerships, negotiating the price, considering a lease, and taking advantage of special offers and incentives.
Closing Message:
Whether you're a GM employee or a friend or family member of one, you can take advantage of these discounts to save money on your next vehicle purchase. By doing your research, comparing prices, and negotiating the price, you can get a great deal on your new GM vehicle. So don't wait, visit your local GM dealership today and start saving!
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