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Chevrolet Traverse Prices Paid and Buying Experience

Tell us about shopping for the new Chevy Traverse!

Moderator - Prices Paid, Lease Questions, SUVs

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Comments

  • nargnarg Posts: 113
    Hi all!

    I have a new Traverse LT2 in my driveway tonight. The buying experience was interesting. Started out very bad, but ended up exceptionally good. Here's how it went:

    I fell in love with the Lambda platform since the Buick Enclave hit the road. I was very tempted to get it originally. At one point I was offered a large increase in my GM Card rebate amount to buy one too. But, wanted to wait and see what other GM models would appear from this platform. The GMC follow, but was a bit pricey to me. The Outlook was nice, but options seemed thin. Then the Traverse was announced, I was highly interested. But the HSBC folks didn't seem as eager to help this time. But GM was eager it seems...

    A week ago I started my normal buying education on a new car purchase. I gather all the data I could, priced out options, and even called my bank to pre-approve for the loan amount I thought I needed. I found a number of incentives ready for any new buyer of the Traverse. But, when I visited my dealer, the story turned bad quickly. Turns out I didn't qualify for many of the incentives I had originaly been led to believe I would be allowed. I walked out of the dealership, Traverseless.

    I wrote a letter to GM that night, telling them what occured. I said I was sad that this being the 6th purchase of a GM product didn't even allow me the "loyalty" incentive. Then something amazing happened. A high ranking GM representitive called me late last week. Asked me a few questions about how I found the information I did. I explained the poor information given on chevy.com about incentives, and how my local dealer did try everything he could. But the bottom line was he had a Traverse dressed perfect for my desires, but the price would not fit what I had pre-approved for a loan, and my budget wouldn't allow any wiggle room. The GM rep's last comment was that GM wanted to get Traverses on the road, and that he would "look into it". The next day I recieved a call from the dealership, asking me to come in and consider a "revised offer". Amazingly, he was now able to offer the Traverse he had on the lot for the price I could afford.

    I purchased a white LT2 AWD with Nav, DVD and Leather for the Red Tag price plus $3750 in rebates from GM and my GM Card. Currently this is not available to everyone, but is to a few under some pretty tight restrictions. I understand the GM incentives might grow for everyone by as soon as maybe this year end. I had to make an extra effort to get my deal, but I think it could be easy for anyone very soon. GM is in the mood to sell cars right now, and they are glad to be able to sell cars under the current economic conditions. I feel lucky, both to have the offer they gave, and to own a new Traverse, and love how GM treated me on this.
  • Great that GM stepped up and I hope you enjoy your new Traverse!

    Interesting that you say that these extra rebates may come at the end of the year (after the red tag event finishes 5 Jan?) I am looking to get a Traverse early next year - need to wait to see if my job is safe (know in a few weeks) and then see what happens with the incentives.
  • dol1dol1 Posts: 8
    'narg' you don't say how much you paid. :confuse:
  • nargnarg Posts: 113
    Sorry, consider an LT2 AWD with NAV, DVD, Leather and towing, take the Red Tag price and whack another $3500 off which includes GM card rebate: Just under $35,000. With my trade in, my total loan was for $28,000 even. (Amazing what a 10 year old Chevy trades in for these days!)

    Can't say enough how happy I am with this vehicle and the price I paid.
  • I am looking at a '09 Traverse 2LT. Last month I could get incentives totaling $5750 with the "red tag". This month it's $4750.

    $2000 Rebate
    $2000 bonus for returning lessee
    $750 Rebate
    $1000 Bonus (added mid December '08)

    As of Thursday (1/8) the last $1000 bonus is gone and is a deal killer for me because I am leasing and this makes the payment more than my Suburban.

    Does anyone know of other hidden $$ that I can use? I am a GM Family member as well. I really want the GM car but I am heading to another brand if I cannot get a decent deal. Buying is out of the question.

    Thanks!
  • If you have a G.M. Mastercard you can use the rebate you have earned and they are offering another $1500 to go with it.
  • lablover2lablover2 Posts: 106
    are they still offering the extra $ if you have the gm mastercard? i tried looking online and can not find anything about it anywhere. thanks
  • maxxmdmaxxmd Posts: 17
    Yes they are. Google GM card. The site may be gmcard.com/offer. I used mine today and will pick up a Traverse Friday.
  • I've notice most who've posted here are using GM card incentives to drive the deal. I have no such card, nor am I a returning GM buyer or lease customer. The last US built car I drove was in the late 80's and it was a terrible diesel Jimmy.

    I like the Traverse and am seriously considering it vs. a german built suv/crossover.

    Any ideas on bottom line discount including any incentives one could get on vs. MSRP? In other words, how steep of a discount can I get off the MSRP? Based on my initial view, I think they're a bit overpriced to start with.
  • As near as I can tell, there is basically NO discount on GM cars these days unless you are a returning customer. It's insane -- makes it easy to see why they NEEDED a bailout, but sure is irksome that we paid for it and right now their cars seems to be overpriced compared to every other car out there (oh wait, there is one other manufacturer offering nothing but loyalty incentives right now -- Chrysler, the other bailout recipient!) It's almost like they don't want to sell cars right now -- I can't figure out if that somehow gets them more of a handout down the road or something?
    And the GM card incentives aren't $1,500 for everyone. Mine were rounded up to $2,000, which means I only got about $1,000 extra. Definitely not enough to bring the lambdas close enough to comparable cars out there.
  • degirldegirl Posts: 45
    Hi Donovan,

    I agree they are overpriced. I was looking at the Traverse in Dec. when GM offered the Red tag event (supplier discount). The cars were cheaper then. And even cheaper still if you did NOT own a GM product. Gm is NOW offering $2000.00 customer loyalty but as I stated it is now more expensive.The sales men told me there wouldn't be any great discounts since the vehicle has only been on the market for a few months. Although I noticed the Acadia and Enclave have the same promotions and those cars have been in production for the last year go figure. I agree with another blogger that stated maybe they get more bailout $$ if they don' sell cars. :(
  • lxclxc Posts: 1
    We went to get an estimate for our 2005 Equinox LT AWD and was offered $8,500 in trade-in value. I asked at least of $5,500 off MSRP on any Traverse... Initially the sale manager offered to up the trade-in to $9000 and the discount to $6,000 to close the deal today. Then he reneged later but we agreed on just $500 more.

    Wife really liked the LT for its rear view parking camera and power seat. She didn't want to pay the add'l $3000 in price difference. At the end, we settled on LS AWD for $31,065 (MSRP).

    The Equinox has had it shares of engine problems (coolant/intake gaskets/head gaskets leaks; all fixed by GM and still under special warranty for engine repair until 10/2009). We bought the Equinox at a different dealership that doesn't provide free loaner car and the time lost due to constant repairs makes it an easy decision to buy a new car from my local dealership. Also we will need a car for 6 passengers soon.

    To avoid the hassle and cost of repairs, we paid a 5yr/100K bumper-to-bumper warranty/zero deductible for $1300... This is a big shocker to my wife as I had never paid for extended warranty.

    We are able to use $1000 in GM Card Rebate. In the past, the GM Card rebates were around $2000 to $3500 for our other purchases.

    And finally an American car that is built in USA and doing my share to stimulate the economy.
  • murphy4murphy4 Posts: 92
    MSRP $38,955
    Discounts $7,500

    TOTAL $31,455

    I think this is a good deal. Anyone seen or heard better? The next hurdle is financing. Of course GM won't let you take 0% and all the discounts according to my dealer. Is that true?
  • selooseloo Posts: 606
    Yes, that is true.

    $7.5K is pretty good, can you list the discounts?

    Depending on your access to credit, 0% for 60 mths may be better than the $2250 cash.

    Has anyone received a $8K (+) off MSRP deal on one of these cars?
  • murphy4murphy4 Posts: 92
    2215 Dealer Discount
    2250 Cass Back
    2000 Lease discount
    1035 Regional Coupons?
  • selooseloo Posts: 606
    With an GM employee discount combined with some other incentives, $10K off MSRP is possible.
  • murphy4murphy4 Posts: 92
    and still get cheap financing?
  • selooseloo Posts: 606
  • degirldegirl Posts: 45
    The Pentagon Federal Credit Union is offering 3.99 percent on new cars for financing up to 60 months. If you don't qualify to become a free member you can join for $25.00.
  • circlewcirclew Posts: 8,265
    Edmund's has the current finance rate as an incentive at 6.9% regardless of term. CapitalOne has 4.79%

    What's up with that??

    Regards,
    OW
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