GM Supplier Discounts Explained

Everyone likes to save money, especially on large purchases like buying a new car. It’s getting harder to haggle with dealers to get the price tag of a vehicle you’ve been eyeing down to something in your price range. Luckily, you can sometimes come across deals that can get you a discount on the vehicle you want. The GM Supplier Discount program can save qualifying buyers a lot of money. Let’s find out the GM Supplier Discount, who can use it, and how the program works.

What Is the GM Supplier Discount?

Through the GM Supplier Discount, qualified participants can purchase or lease brand-new vehicles from dealerships offering a discount program for less than the sticker price. Participants must be from the United States. It’s important to read through the terms and conditions of the program to fully understand what you agree to by taking advantage of the discount. Using the GM Supplier Discount, you can save quite a bit off the MSRP of the vehicle you want to drive. It’s a deal worth pursuing if you qualify.

Of course, some restrictions come with the program that we’ll discuss later. But if you want to save more on a vehicle purchase, the GM Supplier Discount could be for you.

Do I Qualify for the GM Supplier Discount?

The GM Supplier Discount is available to eligible participants, which GM defines as:

• Active employees of eligible GM supplier companies residing in the United States.
• Active employees of eligible GM fleet and commercial companies residing in the United States.

Any salaried employee working full- or part-time in an eligible GM company can use the discount program to get a better deal on a new Chevrolet, GMC, or other outstanding GM vehicle. GM excludes contract employees from participating in the program, however.

GM does allow you to share your discount with one friend or family member each time you purchase a vehicle using the program. Remember that you only have one year from the date of your purchase to pass on your GM Supplier Discount, so help someone else take advantage of the extra savings sooner rather than later. They’ll appreciate it.

How Is the GM Supplier Discount Calculated?

Because the GM Supplier Discount is meant to make it easier for you, the consumer, to purchase a vehicle at a great price, it’s easy to understand. Here’s the formula for how the discount is calculated: Dealer invoice price with applicable options + destination charge + $200 program fee

To work out your GM Supplier Discount, plug in the numbers and make some easy additions. Once you’ve calculated the number from the equation above, you can subtract the MSRP from the total to find exactly what you’ll save through the GM Supplier Discount.

You can often save a thousand dollars or more, depending on the make and model of the vehicle. You can usually combine the discount with other offers, so check with the dealer to find out whether any other savings apply to your purchase. You may leave the deal with more left in your bank account than anticipated.

Whether leasing or buying, you can use the GM Supplier Discount once every six months. This means you can continue to drive the latest model or change up the car you regularly drive for less.

Which Cars Qualify for the GM Supplier Discount?

You might be wondering which cars qualify for the GM Supplier Discount. Don’t worry; almost every brand-new vehicle from Chevrolet, Buick, GMC, and Cadillac is eligible. There may be some exclusions, and GM can change the vehicles included in the GM Supplier Discount program at any time. You may even find previous model years on the eligibility list, often discounted already. With new year models on their way to dealerships soon, this could be the perfect time to treat yourself to the ride you deserve.

To give you an idea of some of the savings you can expect, here are some discounts you might see right now:

• 2022 GMC Yukon Denali: $3,710.
• 2022 GMC Sierra 1500: $3,712.
• 2022 XT5 Cadillac Luxury: $3,308.
• 2022 XT6 Cadillac Premium: $3,843.
• 2022 Chevrolet Blazer RS: $2,874
• 2022 Chevrolet Silverado 1500: $3,536.
• 2022 Buick Envision Avenir: $1,649.

With discounts like these, you can afford to drive a luxury vehicle. We can’t list all the savings for all the vehicles you could use the GM Supplier Discount to buy, but our team will gladly help you determine whether the vehicle you’re interested in is eligible. Then, we can guide you on how to get your authorization number to use the discount and the rest of the process of buying or leasing a new vehicle.

Additional Information About the GM Supplier Discount

You may want to know more about the GM Supplier Discount if you qualify to participate. Bear the following in mind:

• You can use the discount to purchase two vehicles per year.
• Not all GM dealers participate in the program, as it’s available to all, but voluntarily.
• You can use the discount on a vehicle you order through the dealership.
• There are no restrictions to apply for financing, so you can use any bank or lender you want.
• GM can cancel or modify the program at any time and at its discretion.

If you have more questions about the GM Supplier Discount or want to determine whether you qualify, contact the team at Meadowland GMC. We’ll take the time to help you understand how the program works. You can find which qualifying vehicles we have in stock or preorder your 2023 model now and use the discount to your advantage.

Photo Credit: Image used with permission via GMC.com

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