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Anyone ever use GMC credit card points to buy or lease a car?

mom1964 497 391 January 10, 2014 at 05:48 PM
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I have an old GMC Credit card that I have not used in years. I have about 750 points. I was just sent an email and post card that they were topping off my point to $3000! I am in the market for a car this spring but really do not want a Chevy or GMC. We have just paid our last tuition payment for our youngest, so what we were thinking was to use the 3000 towards a lease. Probably an equinox or a gmc terrain. That way we can keep our payments low for a few years. Any thoughts? Anyone ever buy or lease with GMC points and how does it work? Any advise on leasing? I know many people are totally against it.

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#2
maximum allowance
$500 allowance
Chevy: Spark, Sonic (both sedan and hatchback)

$1,000 allowance
Chevy: Cruze, Volt, Equinox Buick: Verano, Encore GMC: Terrain

$1,500 allowance
Chevy: Camaro (coupe or convertible), Impala, Malibu and Malibu Eco, Traverse Buick: LaCrosse, Regal, Enclave GMC: Arcadia, Arcadia Denali Cadillac: ATS

$2,000 allowance
Chevy: Avalanche, Silverado (1500, 2500HD, 3500HD) GMC: Sierra (1500, 1500 Denali, 2500HD, 2500 Denali, 3500HD, 3500 Denali) Cadillac: CTS (all versions), SRX Crossover

$3,000 allowance
Chevy: Corvette (coupe or convertible), Suburban, Tahoe, Express Van GMC: Yukon (all versions), Savana Van Cadillac: Escalade (regular, hybrid, ESV, EXT)


You're better off if you just get a different 5% cash back credit card
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#3
Quote from samsaspa View Post :
maximum allowance
$500 allowance
Chevy: Spark, Sonic (both sedan and hatchback)

$1,000 allowance
Chevy: Cruze, Volt, Equinox Buick: Verano, Encore GMC: Terrain

$1,500 allowance
Chevy: Camaro (coupe or convertible), Impala, Malibu and Malibu Eco, Traverse Buick: LaCrosse, Regal, Enclave GMC: Arcadia, Arcadia Denali Cadillac: ATS

$2,000 allowance
Chevy: Avalanche, Silverado (1500, 2500HD, 3500HD) GMC: Sierra (1500, 1500 Denali, 2500HD, 2500 Denali, 3500HD, 3500 Denali) Cadillac: CTS (all versions), SRX Crossover

$3,000 allowance
Chevy: Corvette (coupe or convertible), Suburban, Tahoe, Express Van GMC: Yukon (all versions), Savana Van Cadillac: Escalade (regular, hybrid, ESV, EXT)


You're better off if you just get a different 5% cash back credit card
My mailer clearly states the cars I can use the $3000 towards. Both cars I am interested are on the list.

I do not use this card anymore. Probably have not used it in over 10 years.
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#4
they are probably offering a few thousand off anyway, does it say off negotiated price or you must disclose first, getting a couple of grand off a car is usual getting 3K off the negotiated price is pretty rare.

if you can scan and post the letter we can provide better info for you. You might also want to check if you have any relative that gets special plan pricing with GM, I get special pricing from the big 3 and for some reason Audi decided to join the game we get 1K off of sticker price!

I can extend the pricing to some relatives and as long as my name is on the car anyone.
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#5
The mailer says " you can use them all on the purchase or lease of 50 models from Chevy, Buick, gmc and Cadillac. Plus, for an even greater value, you can combine your topped-off total earnings with most current Gm offers. See gmcard.com/offers"

This is from their site:

Choose Your Vehicle

When you're ready to redeem your Earnings on the new GM vehicle you've been wanting, just head to your local Chevrolet, Buick, GMC, or Cadillac dealer to start shopping.

Agree On A Price

Once you've found the vehicle you want, take advantage of eligible GM offers and incentives, and agree on your best price with your dealer.

Stack Your Earnings

After you've agreed to your best price, tell your dealer you want to stack on your Earnings. They'll take care of the redemption process for you and deduct your Earnings.

Drive Your Dream Vehicle

Your GM Card is the key to the new GM vehicle you want.
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#6
reread the maximum price they give you

the $3000 maximum is on$3,000 allowance
Chevy: Corvette (coupe or convertible), Suburban, Tahoe, Express Van GMC: Yukon (all versions), Savana Van Cadillac: Escalade (regular, hybrid, ESV, EXT)
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#7
A friend of mine has such a card but frankly I don't see any benefit to them unless you are a die hard fan of a particular manufacturer.
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#8
Here is the email. I do not have a scanner for the mailer.


GM CARD



As a Preferred Cardmember,
we've added Bonus Earnings(1)
to your Account, topping off
your Earnings(2) to $3,000.

Plus, combine them with most current
GM offers for even bigger savings.


LOG IN Offer ends 2/28/14.

Chevrolet Buick
GMC Cadillac





Dear
Get the New Year off to a great start in a brand-new car, truck, SUV or luxury GM model. Take advantage of this offer from January 3 through February 28, 2014.



Combining these offers is a smart choice. See how the dollars can add up:


$3,000 Topped-Off Total Earnings(1)
+ Most Current GM Offers

= Potential Total Value


Use ALL your Earnings on the purchase or lease of 50 GM models. Choose from most of our 2014 or remaining 2013 Chevrolet, Buick, GMC and Cadillac lineup.

For an even greater value, you can combine your Topped-Off Total Earnings with most current GM offers.




This offer is only good until February 28, 2014, so head to your dealer today!

Log in now to learn more about this offer and
get your Bonus Earnings Code.






Chevrolet Buick GMC Cadillac





1) Top-Off Bonus Earnings are available on the purchase or lease of new and unused 2014 or remaining 2013 Chevrolet, Buick, GMC or Cadillac vehicles. Excludes 2014 Chevrolet Corvette Stingray Convertible, 2014 Chevrolet Corvette Stingray Coupe and 2014 Chevrolet SS. In order to redeem your Bonus Earnings, you must provide the Bonus Earnings Code to your dealer at time of purchase or lease. Vehicle must be delivered from dealer stock from 1/3/14 through 2/28/14. GM Card Bonus Earnings can be used above applicable GM Card program limits. GM Card Earnings and GM Card Bonus Earnings cannot be combined with other Bonus Earnings offers or with Earnings from any other GM Card product. Bonus Earnings offers are nontransferable to another GM Card Account and are limited to authorized persons as of 1/3/14. Only one Bonus Earnings offer per Account. Bonus Earnings expire 2/28/14.

2) Earnings are subject to additional purchases, returns, redemptions and expiration. Earnings may not be used on the purchase of any vehicle sold as a fleet vehicle or with some private offers and discounted sale programs, such as the GM Employee Purchase Program. For current Earnings, visit gmcard.com or call 1-800-947-1000. Please see The GM Card Program Rules that are applicable to your Account for terms, conditions and limitations. For questions or concerns about Earnings, please write to GM Cardmember Services, GM Card, P.O. Box 090770, Milwaukee, WI 53209. Earnings are offered and administered by General Motors.

You are receiving this email advertisement because you expressed an interest in GM Card.

Unsubscribe | Copyright & Trademark | GM Privacy Statement

GM Card | 100 Renaissance Center | 482.A00.MAR | Detroit, MI 48265

© 2014 General Motors LLC. All Rights Reserved
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#9
go to the dealer and see what you can get
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#10
I have the GM credit card, and out family has used the earnings to purchase 5 cars (and will probably buy #6 within the next 2 years).

Back when we first got it, there either wasn't a cap on redemption or a very high cap -- very worth it. The most recent cars, a 2010 Terrain and 2012 Buick Enclave, had limits of $1,000 and $2,500 respectively. Know that the caps are set in stone for the majority of the year, but I receive mailings frequently where they'll allow an additional $500 if you make a purchase by a certain date on select models. Regardless of the mailing saying you have $3,000 topped off, with the exception of a mailer saying the redemption allowance is temporarily higher, you'll only be able to get the cap for that particular vehicle. Terrain and Equinox are $1,000 -- and since I purchased in 2009, neither car have had higher redemption amounts. Therefore, $1,000 is the max you will get through this promotion.

Never ever let them know you have the redemption when negotiating price. Only when you go to pay should you chuck the card at them. The GM card dollars are payment, not a discount.

Our family has the card because yes, we do like GM SUVs and even when checking out all of the manufacturers we kept coming back to the GM models irrespective of the earnings on the GM card. I had an accident this summer where I was in a rental for 2 weeks; I was able to get the current Terrain from Enterprise, and it reminded me why I like my car to the point when it is killed/dies I will be buying another Terrain.

Also, know that the Terrain and Equinox are very popular cars and unlike the higher price GM models, the mark-up isn't there to score a huge discount off MSRP.

If you have an further questions, please don't hesitate to ask.
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#11
Quote from StrawberryWine View Post :
I have the GM credit card, and out family has used the earnings to purchase 5 cars (and will probably buy #6 within the next 2 years).

Back when we first got it, there either wasn't a cap on redemption or a very high cap -- very worth it. The most recent cars, a 2010 Terrain and 2012 Buick Enclave, had limits of $1,000 and $2,500 respectively. Know that the caps are set in stone for the majority of the year, but I receive mailings frequently where they'll allow an additional $500 if you make a purchase by a certain date on select models. Regardless of the mailing saying you have $3,000 topped off, with the exception of a mailer saying the redemption allowance is temporarily higher, you'll only be able to get the cap for that particular vehicle. Terrain and Equinox are $1,000 -- and since I purchased in 2009, neither car have had higher redemption amounts. Therefore, $1,000 is the max you will get through this promotion.

Never ever let them know you have the redemption when negotiating price. Only when you go to pay should you chuck the card at them. The GM card dollars are payment, not a discount.

Our family has the card because yes, we do like GM SUVs and even when checking out all of the manufacturers we kept coming back to the GM models irrespective of the earnings on the GM card. I had an accident this summer where I was in a rental for 2 weeks; I was able to get the current Terrain from Enterprise, and it reminded me why I like my car to the point when it is killed/dies I will be buying another Terrain.

Also, know that the Terrain and Equinox are very popular cars and unlike the higher price GM models, the mark-up isn't there to score a huge discount off MSRP.

If you have an further questions, please don't hesitate to ask.
Thanks for the info.
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#12
There is a new GM card that has no cap but it only gives 2% after the first $5,000 in purchases (5% for the first $5,000 which I presume resets every year).

http://www.capitalone.com/credit-...&WT.srch=1
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#13
So I called gm card services. Confirmed with this top off offer I can use the full $3000 towards the purchase or lease of any of the vehicles on the list. The maximum allowance does not apply to this promotion.

I am new to leasing and reading everything I can before I go test drive. I have a question regarding how I should use the $3000 with a lease. Negotiate the sale price and then take the $3000 off of that? Negotiate the sale price and use the $3000 towards a down payment to get a lower monthly payment? Or will it be essentially the same? Any help is appreciated.
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#14
will be the same either off the price or the down payment, it is a pretty good deal as long as you bargain hard to start, if you don't have a buying service you can go thru, Credit union, insurance company etc.. then use trucar of course check them out anyways


http://www.truecar.com/prices-new...a-pricing/
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#15
Yeah i used my top off earnings 2 years ago.
The top off earnings have no redemption limit.
Keep in mind that the earnings are good till the end of Feb. There will be a new round of incentives in Feb. If you have an auto show in your state they also throw extra money around that week.
Also this year you can use your earnings on heavy duty trucks.
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