General Motors is an American-based automotive manufacturing company. The company adopted a family-first mantra, the backbone of GM employee discounts. GM is undoubtedly one of the biggest employers in its industry. Perhaps you are an employee at GM or look forward to landing a job at GM. This article will help you with everything you need to know about GM employee discounts.
GM Employee Discounts: Overview
The GM Employee Discount is a great perk for GM employees that can often be combined with the most current offers to help you save even more when purchasing your vehicle. Through the GM Employee Discounts (GMS) program, qualified GM or GM Financial employees and their qualifying family members can lease or buy qualified vehicles at a reduced cost. Typically, the discount is +/-20% off the MSRP (Manufacturer's Suggested Retail Price).
A typical GM employee discount is about 15% off the MSRP. Nevertheless, some workers might be qualified for a greater discount based on their position, length of service, or other elements. Most general market consumer incentives can be used with the discount to reduce the vehicle cost further.
GM Employee Discounts: Eligibility
Advertisment
It is important to understand who qualifies for the GM employee discount program. Most eligibility details have been published via the GM's official website. However, I will share with you 3 main groups of eligibility for GM employee discounts informed by the website outline.
1. Active and Retired GM and GM Financial employees
This group is eligible for the discount: their spouse, domestic partner*, children, stepchildren, grandchildren, step-grandchildren, grandparents (including in-law and step), parents, stepparents, siblings (including full, half, and step), mother/father-in-law, sons/daughters-in-law, brothers/sisters-in-law, aunts, uncles, nieces, and nephews.
2. Former hourly or salaried GM employees
Members of this group with 5-20 years of service are entitled to the discount. They may also sponsor their dependant spouse and children. (At the time of purchase, children must be under 21 or full-time students under 25.
Members of this group with 20+ years of service are eligible for the discount. They can sponsor the following purchasers: their spouse, children, stepchildren, grandchildren, step-grandchildren, grandparents (including in-law and step), parents, stepparents, siblings (including full, half and step), mother-/father-in-law, sons-/daughters-in-law, brothers-/sisters-in-law, aunts, uncles, nieces and nephews.
3. Widows and widowers of former GM employees
Members with 5-20 years of service are eligible for the discount and can sponsor their spouse and dependent children. (Children must be under 21 or full-time students under 25 at purchase.)
Those with 20+ years of service can sponsor the spouse, children, stepchildren, grandchildren, step-grandchildren, grandparents (including in-law and step), parents, stepparents, siblings (including full, half and step), mother-/father-in-law, sons-/daughters-in-law, brothers-/sisters-in-law, aunts, uncles, nieces and nephews.
GM Employee Discounts: How to Access It
You can receive the GM employee discount by registering on the GM Family First website. Upon registry, you will obtain an authorization number you can use at a participating dealer. You can also combine your discount with other offers and rewards, such as the GM Extended Family MasterCard.
To get your authorization number, access the website by logging in and choosing the "GM Employee Discount" program. Your name, employee ID number, and birthdate must be provided. The birthdates and relationships of your eligible family members must also be provided.
After obtaining it, you can present your authorization number to any participating GM dealer. The dealer will use the authorization number to determine the discounted price of the vehicle you are considering.
You may save even more money on your purchase by combining the GM employee discount with most other current promotions.
The College Graduate Rebate and the Military Appreciation Rebate are two promotions that cannot be coupled with the GM employee discount. This is so because these two are both limited-time offers that are designed to attract specific demographics of buyers. On the other hand, the GM employee discount is a more general discount available to all eligible employees and family members.
The GM employee discount is a fantastic method to get a new GM car for less money. Make sure to utilize this program if you or a family member are eligible.
GM Employee Discounts: 4 Facts to Keep in Mind
Below is a list of some key issues about the GM employee Discount.
- Not all automobiles are eligible for the discount. Some automobiles, including the Corvette and Camaro, are not GM employee discount-eligible.
- Not all sales channels offer the discount. The only places to purchase using the GM employee discount are via participating GM dealers.
- Not all financing alternatives are eligible for the discount. The GM employee discount is only compatible with a few funding schemes.
- The discount may be altered. The GM's terms and conditions are always liable to change.
GM Employee Discount: Critical Acclaim
The GM employee discount has received praise over the years. Employees usually approve of the GM employee discount. In a poll of GM employees, 80% indicated they were happy with the deal, and 6 in 10 said they wouldn't have bought a GM car without it.
According to some employee reviews, the GM employee discount is one of the best benefits of working for GM. Review aggregator Glassdoor published some comments uttered by employees regarding the GM employee discount. One employee is quoted to have said that the GM employee discount 'makes it possible for me to afford a new car that I wouldn't be able to afford otherwise.'
The GM employee discount program is one of the most generous in the automotive industry, and other companies have taken notice. Other companies have used the GM employee discount program as a template for their employee discounts. The initiative has assisted many qualified employees and their families in saving money on brand-new GM vehicles, and other businesses have imitated it to offer comparable incentives to their staff.
Other automakers, like Ford and Chrysler, have adopted employee discount schemes that provide comparable savings to qualified employees and their families.
In addition to these specific policies, other companies have also copied GM's overall approach to employee discounts. For example, many companies now offer their employees discounts on various products and services, not just cars. They also tend to be more transparent about their employee discount programs, making it easier for employees to understand their eligible benefits.
Conclusion
Overall, for purchasing or leasing qualifying GM vehicles, the GM employee discount program provides considerable discounts to GM employees and their eligible family members. The discount varies in percentage, depending on the employee's position and length of service. Retired, surviving spouses of employees, full-time, part-time, hourly, or salaried employees all are eligible. The employee's spouse, children, stepchildren, grandchildren, step-grandchildren, grandparents, parents, stepparents, and siblings are all considered eligible family members.