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GM Boosts Incentives - Avlanche Rebate Now $2500!

MagicMtnDan

SM 2003
Full Member
Joined
Aug 11, 2002
Messages
928
GM BOOSTS INCENTIVES, CUTS SATURN PRODUCTION

A new round of incentives from GM includes early lease terminations and as much as $2500 off on some GM trucks. The automaker said on Thursday it would offer $2500 rebates on its Silverado/Sierra full-size trucks and Avalanche sport-ute truck, an increase of $500 on those vehicles. Too GM is offering another $1000 on vehicles gone unsold for more than 120 days, and is good through the end of the month. Finally GM is offering those who lease its vehicles the chance to end their leases early without penalty, so long as the leases expire between April 1 and Sept. 2 and so long as they buy or lease a new GM vehicle. That program ends March 31. Separately, GM said it would shut down its Saturn L-Series assembly line in Delaware to adjust production to slow demand for the sedan/wagon line.
 
Here is some more details on the current deals/rebates:

$2000 rebate good till 2/28
$500 bonus good till 1/31

If you qualify:

$2003 bump up (automatic increase to existing points)for GM Card Holders (if you received a notice or check your account at gmcard.com) good till 1/31

$750 extra cash code "LLC" owner loyalty for existing GMAC finance customers good till 2/28.

$400 college graduate cash (ongoing - no end date)

$150 upromise.com cash (must register 30 days in advance)

Early termination of existing GMAC lease without penalty.

$1000 dealer cash on vehicles older than 120 days (not too many that fall into this group)
 
hq said:
Here is some more details on the current deals/rebates:

$2003 bump up (automatic increase to existing points)for GM Card Holders (if you received a notice or check your account at gmcard.com) good till 1/31

Sorry, could you elaborate on "$2003 bump up" ? My dad is a GM card holder with points he's not going to be able to use. He's going to give them to me for my Avalanche purchase. TIA.
 
Man, if you can find an older '02 still on the lot and do the upromise thing you're looking at $4,400 in cash back - without a GM Card.

GM is turning up the heat due to weak sales post X-Mas and because they really, REALLY want to beat Ford in the number one selling truck slot. With the new Silverados and the new Rams and Ford now with the oldest chassis on the market this is the best crack they'll have. Hard to believe that they couldn't beat them last year. I have a feeling that GM slapped the Avalanche in with the SUV number so they could claim number one seller of SUV's in the world.
 
Is 0% for 60 months still available?

Is the GMAC Loyalty Rebate the same thing as the GM Family Discount or are these two separate programs?

What is the GM Dealer Discount? Is that separate from Dealer cash for vehicles 120 days or more old?
 
pantherburn said:
Sorry, could you elaborate on "$2003 bump up" ? My dad is a GM card holder with points he's not going to be able to use. He's going to give them to me for my Avalanche purchase. TIA.

The GM card started a program in December to randomly increase the GM card rebate amount. In December, it was a $500 coupon that was randomly sent to different customers. They did the same thing again in January. They selected customers at random and bumped up their earnings, thus if you had $10.00 in GM card rebates, it became $2003 and is valid through the end of this month (January). If you had $1900, it also became $2003. If you had more than $2003, you got nothing. This was offered randomly and not everybody got the bump up. If you did, you would have received either a letter or email. Or you can call them or check online at gmcard.com (the fastest method). You will need the cardholder's last name, zip code and last four digits of the credit card. There is a "special offer" button and if you were selected, it would show the bonus after you click it.

https://www.gmcard.com/generic/a_indexearnings.html

It is hard to predict if they will continue a similiar program next month. Most of these programs start around the second week of the month so if you can't find anything you like in the next few days, you may get lucky again next month. The $2003 bonus is stackable so you would get $2000 + $500 (added last week and good through the end of January) + $2003.

The "owner loyalty" bonus is for $750 and it is for existing GMAC finance customers which means that if you have an existing GMAC auto loan or lease, you have another $750 comming. You just have to ask for it. It is not advertised. It expires 2/28 and is not the same as the supplier or "family" discount.

 
The "check your special offers" link seems to be a new feature in the GM Card program. ?We have been GM card members for over 10 years and have at least 5 different GM cards. ?Two of them qualified for the bonus. ?

If you plan to buy GM cars in the future, here is a little tip. ?Apply for extra GM cards. ?This will increase your chances for getting the extra bonuses. ?The new cars have no limit on how much you can earn but the earnings can be spread across different cards and thereby increase your chances for getting special deals.
 
I just got a GM card in December. I have seen people post that they can get over $2000 from their GM card. I must be stuck with the new program. I can earn unlimited points/dollars, but each vehicle is limited to what you can redeem. For the Avalanche, that's $1000. So no matter how much I have saved I can only redeem that $1000.

How does this relate to the $2003 offer? Maybe I'm missing something, but I don't understand this offer if the Av has a $1k limit.
 
Here is the official world from GM

*The GM Card Bonus Earnings Offer is valid on the purchase or lease of a new, eligible 2003 Chevrolet, Pontiac, Oldsmobile, Buick, Cadillac and GMC delivered from dealer stock. Offer is valid from 1/7/03 to 1/31/03. Bonus Earnings are not subject to applicable GM Card program limits. This bonus offer cannot be combined with any other GM Card bonus offer.

Please see The GM Card Program Rules that are applicable to your Account for terms, conditions and limitations; either The GM Card Earnings Program Rules, which have a $500 annual Earnings cap, or The GM Card Earnings and Redemption Allowance Program Rules, which have Earnings redemption limits.

According to the letter we received:

Bonus Earnings are not subject to applicable GM Card program limits. ?however we have the old card with no redemption limit. ?I would suspect that if they gave you $2003 and then put a $1000 cap, it would be self defeating. ?The best bet is to call them for the final word if you were lucky enough to bet a bump up.

** update **

Here is another tibit of little known info. I have a vehicle on order. GM currently takes about two weeks to build an Avalanche and it can take 2-3 weeks for delivery. This puts my actual delivery into February. Once a vehicle is built, a vin number is issued and the dealer will get invoiced for the vehicle. If you have that info, you can go ahead and "buy" the vehicle. Thus if anyone ordered a new vehicle this month and it is built before 1/31, ask the dealer to write it up and you will qualify for the extra bonuses that expire this month.

Here is the run down again:

$2000 factory rebate exp 2/28
$500 truck bonus exp 1/31
$2003 bump up on GMAC Card exp 1/31
$750 owner loyalty (existing GMAC finance customers) exp 2/28





 
According to the Detroit News 1/30/03, the extra $500 rebate will be extended to Feb 28th, on top of the $2000 rebate which was due to expire then. Total rebate $2500. ;D
 
Found this tibit:

GM tried to back off on incentives in November, then poured them on in December.

"They had a 25 percent share in November and a 32 percent share in December because of an extra $1,000,"

***

It looks like the Avalanche is good for $2500 off until the end of next month.

?Detroit News Article
 
I have a 2002 1500 z71 with 45000 miles looking to buy a new av so I can take advantage of the 0% 5yr loan. Or take advantage of the $4000 rebate. Not sure which one is best but I am doing research.
 
landmanjim said:
I have a 2002 1500 z71 with 45000 miles looking to buy a new av so I can take advantage of the 0% 5yr loan. ?Or take advantage of the $4000 rebate. ?Not sure which one is best but I am doing research.


If you buy close/at/under invoice, you would save $4000 rebate, plus up to $5000 off MSRP, plus your trade-in, I don't see how the 0% would be a better deal.
 
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