Chevy Offering Up To Double-Digit Savings With Employee Pricing

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Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

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, Senior Pricing Analyst - December 11, 2018

GM is offering some massive discounts to lure shoppers in the final month of the year. A new Employee Pricing deal promises up to double-digit savings, although details are murky and contain a number of catches. In some cases, a separate promo may actually save you more money.

Nearly every 2018 Chevy now features Employee Pricing. For example, all 2018 Tahoes are eligible for up to $3,750 in factory cash incentives plus Employee Pricing. The automaker says that's worth up to $11,152 off MSRP, although there are some caveats.

First, if you aren't buying an over-$63k Tahoe Premier, you probably won't save the amount Chevy is advertising. That's because the amounts are based on configuration and often end up favoring more expensive styles. That explains why just about every example on Chevy's website is for a Premier.

Second, many of Chevy's offers include bonuses you can only get when taking out a loan through GM Financial. If you're planning on arranging your own financing, you may risk losing out on a "down payment assistance" bonus worth up to $1,000 on a number of models.

Depending on which model you're hoping to buy, a separate promo involving 20% off MSRP may end up being a better deal. The offers are related but work differently. The 20% deal is actually based on Employee Pricing but adds a variable cash discount.

If you're buying a Sonic, Spark or Impala, it could be smarter to choose the 20%. In the case of a 2018 Impala Premier, that's worth up to $8,061 off MSRP. With Employee Pricing and a $1,000 rebate, you'd save around less than half that amount.

Last year, Chevy introduced Employee Pricing on 10 models ahead of Black Friday and later expanded the deal to nearly every vehicle. This year, the brand waited a month longer, instead focusing most Black Friday incentives on a financing offer of 0% APR for 36 months.

See all top Chevy deals this month

, Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

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