Quote:
Originally Posted by secondcurve
I have used the GM Card in the past and it is a good deal. If you go that way don't pull your redemption certificate out of your pocket until everything is negotiated and you are ready to sign.
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That's a great tip and the same strategy I used. I had nearly $2900 worth of points on my GM card when I bought my 2010 Malibu. Previously, when buying my 2004 Malibu, I also waited until the salesman gave me the bottom line price. When he called to get my bonus $ from HSBC, he wrote down the amount which was almost $1400, then wrote down an additional $700 which was a bonus offer which was good til the end of that month. I wound up with approx. $2100 off on that car as well. When purchasing a new vehicle, I always took my last credit card statement with me so I knew the ballpark figure of rewards $. For these past 2 cars the rewards have been more than 10% off the cost of buying the car.
Of course, the points are only worthwhile if you pay your credit card balance in full each month.