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"No money down"....lingo...... Posted by Mike Lynch [Email] (#81) [Profile/Gallery] (more from Mike Lynch) on Fri, 11 Jan 2008 19:18:33 In Reply to: 2.0T Vert GM Employee Lease Payment, Side Road, Fri, 11 Jan 2008 12:14:00 Members do not see ads below this line. - Help Keep This Site Online - Signup |
No down payment or no money down gets confusing with a lease. Technically no money down still leaves you on the hook for the 1st payment, the license
Do you qualify for any additional offers like loyalty or waiver of security deposit? Some dealers pick up on that, some don't.
Do ask what interest rate they are using. Though the GMS pricing is fixed, at some point they should show you the actual figure on the invoice (the lower one, supplier above, GMS below) they are free to mark up the interest rate.
Do you have your GM Employee discount number and are you sure you're not a supplier? GMS is the employee price and GM supplier is much higher, though the initials are the same. And many dealers are reluctant to quote employee deals without your number exactly because people assume they are getting GMS when they are actually suppliers.
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