Does anyone know if any car dealerships in the Seattle area offer additional discounts to Microsoft employees? Looking specifically at Hyundai’s or Subaru’s but open to other brands
Check the Prime app. You are probably better going it alone.
Gotcha, so I’m assuming all these discounts are only accessible after I start? Would a dealership accept an offer letter as evidence for a discount? Was hoping to lease something before my start date but can wait if the deal is worth it.
It’s usually peanuts. If you are a Costco member, you get pre-negotiated price. Try to negotiate over email before stepping into the dealership. End of the month, end of quarter - when they are trying to hit sales numbers, you might get some more discounts. Tell them you are interested to buy maintenance packages and taking loan from their finance department - there is front door profits (from car) and there is back door profits (from packages, loan), focus on the car price first, then you can choose to buy loan/packages. Email all dealerships in the area, also try other states if you can drive the car to Seattle. Check the inventory and see which has been sitting in the lot for a while, being open to different colors can lead to lower price, but play this correctly. If you are not in a hurry, you can place factory order as well when you find yourself competing for car on the lot.
Thanks for the detailed response! This is my first car purchase (planning to lease) so I appreciate all the tips. I will definitely send out emails before going onto the dealership site for test drives
Test drive at the dealership, you won’t ever buy from. Don’t sit down with the sales person after test drive. If you are unsure whether you will like the purchase few years down the lane and you want the easy option to change cars, lease otherwise buy
First car purchase? Go to your credit union (or join one if you haven’t already), and get a pre-approved loan for the car you want. Do NOT use car dealership financing. The rates are always inflated.
That's false. You can almost always get a better rate through a dealership. The correct play is to get pre approved for a loan at the lowest rate you can find, then tell the dealership you will use their financing if they can beat that rate. They almost always can. They won't offer you the lowest rate unless you force them to, but they usually can get you a better rate.
If a car dealership, which gets a cut of the interest rate, can beat your credit unions’s rate, then you need to find yourself a different credit union. Granted, some manufacturers will supplement rates to offload inventory, but that’s super rare. The guy in the Finance Department of a dealership is the highest paid salesman.
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Yes, some do (or at least they used to). They'll offer some no-hassle pricing, via the Passport program. Carter Subaru is listed in the Alumni Passport program. (Current employees often have different deals)