Does Costco Car Buying Program Save Money
Costco is ane of the largest membership clubs in the world. With an estimated 100 one thousand thousand members worldwide, at that place are certainly some great perks to being a part of the wholesale gild. Beyond majority groceries and habitation-goods, Costco offers their members access to the Costco Auto Program to assist them with i of the nigh daunting tasks they face up; ownership a new auto.
The Costco Car Program serves hundreds of thousands of car buyers each year, and today we idea we would take some time to break downward how the programme works, if it's a skilful value, how dealers are compensated, and more.
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If you lot're more than interested in watching, exist sure to click "play" on the video above. Without farther ado, permit's dive in!
How does the Costco Auto Plan piece of work?
Let'south outset by being brutally honest about what the Costco Machine Program is … It's a lead generation service for participating automobile dealers. Non besides different from services like TrueCar, Costco'due south automobile ownership program has a network of participating car dealerships that pay a monthly fee to get admission to leads from Costco. The programme is really not run by Costco at all, instead it is operated by Affinity Motorcar Programs, Inc, a company that specializes in creating buying experiences for unlike brands (i.eastward. Navy Federal Credit Matrimony, and Costco, etc.).
In render for paying to be a part of the program, these dealers gain access to the leads that Costco is able to generate from their millions of members.
At its core, the Costco Car Ownership Program is a matchmaking service that dealers pay to go admission to. Plainly, if you're looking for the best possible car deal, y'all shouldn't expect it from the Costco Auto Programme.
Does the Costco Auto Plan work for new and used cars?
Yes, the Costco Automobile Buying Plan supports both new and used vehicles. Equally a shopper you can use the online portal created by Affinity Motorcar Programs, Inc. to search for new or used inventory in your area. One time you have found something you are interested in yous tin and then submit your lead and Costco volition "handle the rest for you."
Is the Costco Auto Programme a good deal?
You lot get time savings and reduced headache because the prices are not negotiable, merely you also are express to the dealers that are in the program'due south network. When using the Costco Auto Program there is certainly a tradeoff in option and price.
Since vehicles in the Costco Motorcar Program are not negotiable, yous won't have a chance to go further discounts on a car, truck, or SUV, fifty-fifty if the dealer would be willing to get lower. For some, that's a-okay, because they simply want a machine buying experience that doesn't include haggling or negotiating. However if that's the case, I'd recommend y'all go to a one price machine dealership in your area that is not a part of the Costco Automobile Buying Program and see what toll they are able to quote you. They may be able to become lower since they are not paying a monthly fee to be a office of the Costco program.
How we like to use the Costco Auto Program
Getting a cost quote from a dealership via the Costco Automobile Program is like shooting fish in a barrel. What we recommend y'all do is you get the price quote from a participating dealer, and then take that price to a dealer that is not in the program and tell them you'll pay $500 less. The dealer will take your offer, and you simply saved an extra $500. It's actually that simple.
Costco Auto savings are different and then the Auto Ownership Plan
Unlike the Costco Auto Buying Program, where you must purchase your vehicle from a participating dealer, Costco Machine Savings are applicative to whatever Costco member regardless of where they shop.
As of the time of writing this, Costco has $ane,000 savings incentives for their members at Buick, Chevrolet, GMC, and Volvo dealerships. If you are a Costco member this means that those dealerships volition happily provide y'all with the incentive that Costco is offering. The incentive doesn't come out of their pocket, so they will be happy to apply it to your bargain, just enquire.
To keep upwards to date with the latest savings options for Costco members, click hither: https://www.costcoauto.com/save/
Ever negotiate ancillary products
But because the selling cost of the vehicle is non negotiable doesn't mean you lot shouldn't negotiate on ancillary products. Extended warranties, tire and wheel protection, GAP insurance, etc, etc. All of those things should still be negotiated.
Simple considering the vehicle was not negotiable does not hateful that the dealership will not try to make a pretty penny in the dorsum office selling financing and insurance products. If you want to finance through the dealer or purchase warranties that'south a-okay, just know that if it's taxable, it's negotiable.
Pros: Here'due south what I like about Costco Auto Program
- Ease of mind. You know what you lot are getting with the Costco Auto Programme, and when information technology comes to ownership a car, that usually isn't the example.
- Savings for Costco members can be applied regardless of if yous use the programme to purchase your car or non. We honey that Costco specific savings can exist applied regardless of where y'all buy your vehicle (through their program or non). Be sure to take reward of these savings if you're a Costco member.
- They're honest. Costco isn't hiding what their plan is, yous can read about it correct on their website. I like the fact that they are open and honest almost what the Costco Motorcar Ownership Plan is, and what it isn't.
Cons: Here'south what I dislike about Costco Auto Program
- Limited selection. If y'all are dead set on purchasing your next vehicle through the Costco Car Program you have to understand that y'all may not notice the exact vehicle you are looking for from one of the participating motorcar dealerships.
- Not the all-time price. Every bit nosotros discussed above, the Costco Auto Program does not guarantee yous the best possible auto bargain.
- A lot of emails from participating dealers. When you become a "pb" through the Costco Automobile Programme you will inevitably receive a lot of emails from participating car dealers.
Car buying,
minus the headaches.
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