General Motors is one of the most successful and the largest car manufacturer in the US, with a long history in the automotive industry. The GM Employee discount offers its employees and their extended family an opportunity to lease or purchase new or unused vehicles at a discount pricing from a dealer. Here, let’s know about GM Employee Discount.
GM has a history of firsts, making the first air conditioning system or installing turn signals in cars. The company is even known for making the first lunar roving vehicle for the Apollo 15 mission. With a rich heritage and expansive budget cars, the company’s employee discount is one of the best in the car manufacturing industry.
What is your employee discount?
Employee discount is an employee benefits program offered by companies as a reward for employees. The company offers its products at discounted prices to the employees, and at times it also covers the employee family members.
The Employee discount at GM
General Motors employee discount program offers the GM employees an exclusive opportunity to purchase or lease vehicles at 20% below MSRP from participating dealers. Participating dealers voluntarily become a part of the employee discount program to provide new and leased cars or other vehicles to GM employees eligible under the program.
GM employee discount applies to almost all the GM cars such as Chevrolet, Buick, Cadillac, GMC, and others. Some new models are not part of this program, and hence those vehicles are ineligible for purchase. The list of cars and other vehicles is available at gmfamilyfirst.com to check their eligibility.
Who is eligible for GM employee discount
GM employee discount is for all the employees and their family members, but they must be eligible throughout the purchase process because non-compliance can lead to the cancellation of the discounted purchase, which is subject to GM rules and regulations.
The following are eligible under the program-
- Active GM employees.
- Former GM employees having worked for at least five years.
- Retired employees of GM
- Widows/widower of former employees having worked for at least five years.
The eligible employees can sponsor their family members too, eligible family members include-
- Active GM employees with 20 years of service can sponsor their spouse/living partner, children, parents, grandparents, step-parents, in-laws, uncle/aunt, nephew/niece, siblings(Includes step-siblings/half-siblings). They can sponsor only spouses and dependent children with less than 20 years of service.
- Former GM employees having worked for at least five years can sponsor their spouse and dependent children.
- Retired GM employees having worked for at least twenty years can sponsor their spouse/living partner, children, parents, grandparents, step-parents, in-laws, uncle/aunt, nephew/niece, siblings(Includes step-siblings/half-siblings).
- Widow and widowers of GM employees who have worked for at least five years and less than twenty years can sponsor their dependent children and spouse, and If they have worked for more than twenty years then, they can also sponsor other relatives such as parents, grandparents, step-parents, in-laws, uncle/aunt, nephew/niece, siblings(Includes step-siblings/half-siblings).
How to avail GM employee discount
If you are working with GM and want to buy a car then, there are simple steps to get your employee discount-
- Login to gmfamilyfirst.com and enter your employee credentials.
- Request for an authorization number for the discount. You will receive it in your registered Email shortly. You can also request authorization numbers for your family members by providing the required details.
- Remember each authorization number is valid for 90 days from the date it was issued.
- Go to your nearest dealership and confirm if they are part of the employee discount program and avail of your offer.
- A documentation fee of $75 will be charged.
- Not all dealers are part of this program as it is voluntary, hence you need to visit the store and ask around to confirm.
Authorization rules to watch out for
- Any former/ active/ retired employee of GM with at least twenty years of service is entitled to 6 authorizations in a calendar year.
- Any former/active GM employee with at least five years of service is entitled to 3 authorization per year.
- Authorization numbers cannot be sold or given to any other person. Doing so will lead to the cancellation of employee discounts to the employee, and legal action can be taken in such cases.
- Vehicles bought using employee discounts are only for personal use, commercial use of such vehicles is prohibited and breaking of rules can lead to legal actions.
Which vehicles are eligible
Almost all the new and unused vehicles which include GM cars, cargo trucks, SUVs, passenger vans, Crossovers, etc. are eligible for purchase and leasing. Please visit gmfamilyfirst.com to know if a specific model is eligible under the program.
To conclude – GM employee discount comes with huge discounts and few restrictions. A discount of 20% on MSRP is not offered by any car manufacturer in the US, and the best part is that this offer is also available for all the family members. So, if you are looking forward to buying a car or leasing one, GM is a great opportunity. You will get a great product at a discounted price.
Frequently asked questions
- Can I combine my GM employee discount with other customer offers?
Answer- Yes, you can combine your GM employee discount with other customer offers.
- How can I avail the employee discount as a widow/widower?
Answer- You need to submit your spouse’s obituary certificate as proof, or the salary statement and other employee credentials.
- Is there any vehicle retention period for availing of the discount?
Answer- yes, you need to keep the vehicle for at least 6 months.
- What if I quit GM after getting the discount?
Answer- GM employee discount is subject to audit, but since you have already worked for five years, Your discount cannot be revoked, but other documents can be demanded while auditing.