Benefits of the Costco Auto Program
For over 30 years, Costco has been providing its members with special pricing deals on new and used vehicles through its Costco Auto Program. With the promise of making car buying easy, it’s no wonder that many are enticed by this offering. According to Costco, buyers can typically save $1,000 by taking advantage of this service, making the annual membership fee of $60 well worth it.
The Convenience of Set Prices and Research Tools
One of the major advantages of the Costco Auto Program is the set prices. For those who dislike the haggling process, this perk can be a game-changer. Costco also offers customers a research tool to compare specs and features of different vehicles. This allows buyers to make informed decisions before visiting the dealership.
Negotiating Opportunities and Member-Only Pricing
While the program boasts of no negotiating, there is one exception. If you’re trading in a car, there may be an opportunity to negotiate. However, for most buyers, the prices listed in the program are final. After a discussion with a salesperson, buyers can view the “Costco Member-Only Price Sheet” that displays prearranged pricing. This sheet includes pricing for all available models at the dealership or a VIN-specific price based on the selected vehicle.
Flexible Vehicle Options and Financing
The Costco Auto Program offers flexibility when it comes to obtaining your desired vehicle. Dealers can swap vehicles with other stores or file special orders. However, it’s worth noting that dealers often prefer to sell cars from their existing inventory to avoid monthly interest charges.
It’s important to note that you don’t have to use the Costco Auto Program to access incentives or rebates offered on a specific vehicle. Opting out of the program allows you to visit any dealer and even negotiate with multiple dealerships for the best deal.
While the program itself doesn’t offer provisions for financing, loans, or leases, Costco can still assist buyers in finding the right financing options. Buyers can either arrange financing through the dealer or explore financing deals offered by the vehicle manufacturer. Additionally, buyers have the option to seek financing from their preferred bank or credit institution.
No Obligations for Dealer Add-Ons and Quality Assurance for Pre-Owned Cars
Another benefit of the Costco Auto Program is that members are not obligated to sign up for any dealer add-ons, such as extended warranties. This can save buyers from unnecessary expenses.
For those interested in pre-owned cars, Costco ensures quality assurance. Under the program, pre-owned vehicles are rigorously inspected and reconditioned for quality. They also come with a factory-backed warranty extension. These vehicles are only available for purchase from franchised dealers who meet the manufacturer’s certification standards.
In conclusion, the Costco Auto Program offers convenience, set prices, and a research tool to help buyers make informed decisions. While negotiations may be limited, the program provides member-only pricing and flexibility in vehicle options. The program also allows buyers to avoid dealer add-ons and provides quality assurance for pre-owned cars. With these benefits in mind, Costco members can confidently navigate the car buying process knowing they have access to exclusive savings and a trustworthy network of dealerships.
