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Costco Auto Program? yay or nay?

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Established Contributor

Costco Auto Program? yay or nay?

I always heard that I should purchase a car through Costco. Does anyone think that the Costco Auto Program is a good place to purchase a car? a few years ago when I was shopping for a car, (never got one btw), I liked the costco auto program because it was no hassel. But as far as the prices go, I'm not sure if there's another possible way for me to beat the costco price. They don't even seem all that low.

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Established Member

Re: Costco Auto Program? yay or nay?

I have heard good things about the program. I plan to use it this weekend. I will post an update.

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Current Score: EQ: 665 TU 637 EX: 671
Goal Score: 700 across the board
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Message 2 of 5
Senior Contributor

Re: Costco Auto Program? yay or nay?

My impression of the program is that one can do better, but that it's a fair price and you know you're not getting taken to the cleaners.  But that's just from reading others talk about it.  I have not used it personally.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
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Message 3 of 5
Established Contributor

Re: Costco Auto Program? yay or nay?


nikolean wrote:

I have heard good things about the program. I plan to use it this weekend. I will post an update.


please do! let me know what kind of deals you get.

 

Thanks! I appreciate the help!

Chase Sapphire Reserve-10k
Chase Freedom-4k
1st Financial Bank USA-11.4k
USAA Amex-7.5k
USAA Visa Sig-7k
Citi Thank you Preferred-4.8k
Citi Diamond-2k
Amex Gold-NPSL

FICO8-11/2017
EX: 737
EQ: 722
TU: 735
Message 4 of 5
Valued Member

Re: Costco Auto Program? yay or nay?

Hi zeusta20, I recently leased a bmw and asked this question of my salesperson. Since I had a long relationship with them, they were offering me a car price at $500 over invoice. Pretty sweet deal if you ask anyone. When I asked about the Costco auto program, he mentioned that the negotiated rates were about $1,700 over invoice.

Not sure if this applies to other vehicle makes, but it wouldn't hurt to ask. I suggest doing research on various sites and ALWAYS negotiate the car from invoice up. Never use MSRP as a starting price.

Good luck!


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Current Score: 648 EQ, 664 TU
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