It works like this:. Digging a little deeper online, I found a lawsuit filed in January by a New Jersey woman who says the program is deceptive. Her main accusation, according the paperwork , is:. The Costco auto program does not control the underlying invoice price, and its participating dealers can and do manipulate that price in any number of ways.
The Costco Auto Buying Program
I knew there had to be something. Still, I trust Costco…. We got pretty far into the negotiations before they broke down over the value of our trade-in.
- Costco's prices are good, but likely not the best..
- The price is only half the battle..
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- Here's how you can buy a discounted car through Costco.
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The purchase price we arrived at: With this in mind, I contacted the Costco Auto Program with no intent of buying, but to research this story. To research and select a vehicle, members go to the Costco Auto Program website or they may call its customer service line and talk with representatives who can guide them through the process.
After selecting a vehicle, members are sent information about participating dealerships nearby and the specific salespersons authorized to offer the program's prearranged pricing.
They are not provided a price for a specific vehicle until they visit the dealer. That is when they find out the program's prearranged price is from the Costco Member-Only price sheet. Shoppers are not required to buy and can use the Costco pricing information when bargaining at other dealers.
- Yes, You Can Buy A Car At Costco, And Here’s How to Get the Best Deal?
- 1. Go to the Costco Auto Program's webpage or call its customer-service line..
- 2. Choose the vehicle you'd like..
Costco does not make money off the sales; dealers pay a monthly fee to participate. Costco car representatives have no loyalty to a particular manufacturer or dealer, so they can be trusted as advisers, according to Philip Reed, senior consumer advice editor at Edmunds.
The Costco Auto Buying Program
The program is transparent: Members can see a vehicle's approximate invoice price what the dealer allegedly paid the manufacturer and MSRP the sticker price the manufacturer suggests. This should be the first step you take when negotiating your car price.
Follow this up with my checklist to make sure you squeeze out every last bit of savings. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals.
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- Costco Auto Buying Program: Scam or Good Deal? | The CarGurus Blog!
He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals. Got a Question About This Article?
Costco Auto Buying Program: Scam or Good Deal?
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