80's GM internal sales

[Kurt S]

This barely warrants its own post. We talked about how GM disposed of their vehicles after internal use. Mostly it's through auctions, but first they were offered to employees.
I sent this to my parents because my father wanted a new Suburban - and it got saved!

[muscle_collector]

that was a bargain on the 2nd suburban

[Keith Seymore]

I did Suburbans for a number of years in a row; I think the best I did, by the time all the deductions were totaled (past model, maximum mileage, employee discount) was about 37% off.

That was enough that you could flip 'em and stay ahead in the game.

I have a photo somewhere of me standing between two black ones; the '97 I owned and the '98 that I was driving as my "drive and buy".

K

[Keith Seymore]

The requirements at the time were that I had to buy or lease one every year (up to four per year) and I had to keep it 6 months, in order to continue to be assigned the company owned vehicle.

There were a couple years where I used up the allotment of four.

K

[mssl72]

Cool to see. Personal added bonus, Rochester is my home town.

[Kurt S]

Note the mileage - well over the earlier 3000 mile lease limit.
Keith, was there a mileage limit that you recall?

[bergy]

I was much earlier than you guys. My recollection in the 70s is that 3,000 miles was the minimum for release from the company car program. The discount was about 10% on the base price and 18% on options. We used those as rough estimates to figure out about what a company car would cost at the end of service. The real deal - as mentions - was the “last round” company cars. Discount was about an additional 10% for last round, plus an additional 10% if the car was high mileage last round. The last round cars often stayed in service for an extended time while waiting for the new model year cars to replace them. Many of us would get a last round corvette - finance 100% through GMAC - drive the car for 1 year - and make $$ flipping it.

[Crush]

Originally Posted by bergy

I was much earlier than you guys. My recollection in the 70s is that 3,000 miles was the minimum for release from the company car program. The discount was about 10% on the base price and 18% on options. We used those as rough estimates to figure out about what a company car would cost at the end of service. The real deal - as mentions - was the “last round” company cars. Discount was about an additional 10% for last round, plus an additional 10% if the car was high mileage last round. The last round cars often stayed in service for an extended time while waiting for the new model year cars to replace them. Many of us would get a last round corvette - finance 100% through GMAC - drive the car for 1 year - and make $$ flipping it.

My ex- father in law used to get cars for me after they reached 7500 miles, at this mileage they were heavily discounted, if I remember correctly. In fact I bought a Cadillac Councours and when I went to SOS to pay taxes on it they challenged that I was claiming to low a price and I had to prove my lower price. Total joke!
Prior to the caddy I had him order and drive a 3/4 ton Suburban with a 454. Man that thing was a beast and a gas hog! Was always able to sell them at minimal loss, sometimes small profit.

[Keith Seymore]

Originally Posted by Kurt S

Note the mileage - well over the earlier 3000 mile lease limit.
Keith, was there a mileage limit that you recall?

Minimum was 3000; The maximum mile discount occurred above 7500 miles, in my day.

K