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Thread: just got paid to take a new 2016 home, 2 year lease

  1. #1
    Senior Member bellwilliam's Avatar
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    Default just got paid to take a new 2016 home, 2 year lease

    some of you might know that I am king of car deals.

    last week, leased a new 2016 Cruze Limited and I got paid $700. (ok, technically $300 after $400 lease disposition fee at end of the 2 year lease)

    Always wanted to do this. Walk into a dealership and walk out with a brand new car for zero drive off and Zero monthly payment. Just came true this weekend. even though it is a pos 2016 Chevy Cruze Limited (just a hair under $20k MSRP)

    Chevy has this promotion, current Volt owner (I am and few of you are) gets $2,500 loyalty money. I also have a $2,700 GM credit card money. Combined, a local Chevy dealer (Ontario) Let me take a Cruze home for zero out of pocket and zero payment For 24 months and 12k miles per year. comes with free maintenance for 2 Years. Also included 1st year DMV. On top of this, Costso will pay me $700 (current promotion for GM) for leasing a car through their auto program (you need a Costco executive membership). So yeap, I just got paid $700 to take a new car home. And don't have to pay a cent ever (technically still have to pay 2nd year registration and $400 lease disposition fee at end of the lease).

    Note. This is for a pos Cruze Limited automatic (with rear drum and steel wheels !! I didn't even look at one before signing) I don't need this. But I am a sucker for free car !!!

    $2,700 GM card money is from their 5% back program (old GM card, with higher per car limit). So I did charge $54k to get the $2,700.

    I definitely could of paid less (less GM card money). But I mistakenly told dealer about the $2,700 in my GM card. So they just went with max amount. Free is free. Didn't bother haggle
    Last edited by bellwilliam; 10-28-2015 at 04:06 PM.
    Supermiata S1, SuperMiata S2, Supermiata S3
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  2. #2
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    Congrats. You're doing it right my friend.

    Clark Howard would be proud. :-)

  3. #3
    Señor Member b3d3g1's Avatar
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    you have to spend money to make money.
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    -Anthony
    1991 Miata - Trogdor SuperMiata
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    2016 KTM 690 Duke - parked at the dealer

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    Administrator ucfbrett's Avatar
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    Drop a cage in it and take it to Thunderhill!

  5. #5
    Master of Disaster SteveLevin's Avatar
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    My only issue with the Cruze (and it's one I don't have with the Volt, which is slightly longer in he front door) is that inevitably when I've had them as rentals I have managed to whack my head at least once a trip on the roof whilst getting into the car.

    And when you have as few brain cells as I do, you really can't afford to be injuring any of them!

    Steve

  6. #6
    Senior Member bellwilliam's Avatar
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    Quote Originally Posted by b3d3g1 View Post
    you have to spend money to make money.
    like I said, I spent $54k to get $2,700 GM card money.

    but most people get only $540 (1% cash back) on $54k spent on credit card. so say it did cost me $540. I still got $700 back from Costco. so it still costed me nothing for the car !!
    Last edited by bellwilliam; 10-28-2015 at 04:07 PM.
    Supermiata S1, SuperMiata S2, Supermiata S3
    13 Tesla, ma: no engine !!
    17 GT350 !!
    08 M3 - Carmax warranty !!
    96 NSX
    06 EVO MR
    15 Mini Cooper S

  7. #7
    Senior Member Johnny_Se7en's Avatar
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    It's zippy out of the hole but falls flat above 45. BTW is William a GM a board member?
    If nothing happens and there is no one around why did it not happen?

  8. #8
    Senior Member fatbillybob's Avatar
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    You are my hero! This is like "extreme couponing" but better.
    bellwilliam likes this.

  9. #9
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    Very impressive!

    You are a closet arbitrager* and should be working for a hedge fund. Arbitrage enhances market efficiency through the discovery and exploitation of inefficiencies in the pricing of goods or services and usually results in very small gains ("picking up nickles in front of a steam roller"); but, in your case, the gains were rather substantial.

    May we call you "hedge hog"?

    Last edited by Loose Caboose; 10-29-2015 at 03:19 PM.
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  10. #10
    The Real Captain Slow Red_5's Avatar
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    Is it the new body style or will they do 2 different body styles for '16?

    Here I am trying to figure out how I'm going to afford my Silverado when it comes in and you're getting Chevys for free.
    99 Mazda Miata SuperMiata #515 - AKA Sparky SOLD
    '91 Mariner Blue Miata project AKA Napoleon

  11. #11
    Senior Member bellwilliam's Avatar
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    Quote Originally Posted by Red_5 View Post
    Is it the new body style or will they do 2 different body styles for '16?
    nah, the old style. new one isn't out yet.....
    Supermiata S1, SuperMiata S2, Supermiata S3
    13 Tesla, ma: no engine !!
    17 GT350 !!
    08 M3 - Carmax warranty !!
    96 NSX
    06 EVO MR
    15 Mini Cooper S

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