£5000 off your next car (GM Card)

Member Name: mandyhaley

Product:	GM Card
Date:	04/07/01 (152 review reads)
Rating:

Advantages: Saving money off a new car

Disadvantages: None

Do you want to save a lot of money on your next car? I did, and at the end of last year saved £4000 off my new car - on top of the discount negotiated with the dealer. Even though UK prices are probably still higher than Europe, it meant I didn't need to leave the UK to get a bargain.

I managed to buy a car in the UK and get all the benefits with going through my local dealer. How did I do this? By having a GM visa card and using it for most of my purchases.

So how does it work? The GM visa now gives you 3% back towards any new Vauxhall car - a maximum of £2,500 can be saved over 5 years. You get 3 rebate points for every £100 spent on the card. These are not rounded up or down, so it really is a 3% rebate.

However, this could be DOUBLED by using your GM visa at the card's "Partners". In theory, it is possible to save £5,000. You can use any Vauxhall dealer of your choice.

The number of partners are limited, but the main partner I find most useful is Going Places. By using your GM visa at Going Places you get 6% back towards your next new car. This is a good incentive to spend your money on a holiday, knowing you're also saving towards a new car.

Other partners are Avis UK, Vauxhall Dealers or online at the GM card shopping site.

Once you have redeemed your points on a new Vauxhall, you'll get 200 "fast-start" points to get you going again. These are worth £200.

The card has all the usual features of a credit card, with an average APR.

Redeeming your points is easy - there's a number to telephone which is printed on your statement. And, the "rebate" is deducted from the price you pay for the vehicle, rather than being a cashback. This is a very useful cashflow benefit.

Summary: