Here’s how you can buy a discounted car through Costco (COST)

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costco auto program

  • Costco‘s Auto Program allows members to buy discounted cars from participating dealerships.
  • A wide variety of vehicle types and models are available.
  • Members can buy or lease new or pre-owned vehicles.

Costco sells just about everything, so it’s no surprise that the retailer can also serve as a broker for discounted cars. Through the Costco Auto Program, members can search for a variety of vehicles, including cars, motorcycles, jet skis, and RVs.

Once you’ve chosen a vehicle and its trim, features, and exterior color, Costco sends you the contact information for a participating dealership and salesperson, at which point you can visit the dealership, find out the vehicle’s discounted price, and decide if you’d like to buy or lease the vehicle. The range of available vehicles extends from budget options that start under $20,000 to luxury vehicles that top $100,000.

Costco members can also get a 15% discount on vehicle parts, service, and accessories at participating service centers.

Here’s how you can use your Costco membership to get a discount on your next car: 

SEE ALSO: How to shop at Costco without a membership

1. Go to the Costco Auto Program web page or contact the program’s call center.

From the Costco Auto Program web page, you can browse available vehicles and use the company’s research tools to compare vehicles, calculate monthly payments, and read reviews. You can also contact the company’s customer service line to have an employee walk you through the process over the phone.

2. Choose the vehicle you’d like

If you want a car, you can choose from a variety of classes: sedans, sports cars, SUVs, trucks, crossovers. While you don’t learn the discounted price until you visit the dealer (this is an old sales trick – potential customers are less likely to walk away without buying if a salesperson is able to talk with them about their hesitations face-to-face), the MSRP on the available vehicles ranges from under $20,000 to over $150,000. You can also buy or lease a motorcycle, RV, ATV, jet ski, snowmobile, or UTV.

If you don’t want to buy a new vehicle outright, you can also lease a vehicle or select a pre-owned vehicle instead of a new one. A pre-owned vehicle has been used by another owner, but is inspected by the dealer for any broken or worn-down parts, which are fixed before the car is sold again.

 

 

3. Customize the trim, feature package, and exterior color

For many cars, you can select the trim, features, and exterior color you’d like. For other vehicles, you can only choose the model.

See the rest of the story at Business Insider

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