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How a Costco Membership Can Help You Save Big on Your Next Car

A blue sports car against a green background

Image source: Upsplash/The Motley Fool

If you’re in the market for a new set of wheels, you’ve probably done your fair share of research on dealerships, online car marketplaces, and private sellers. But have you considered making your purchase through Costco? That’s right, the warehouse giant known for its bulk goods and unbeatable prices also offers a car-buying program that could save you thousands.

Let’s dive into how a Costco membership can be your ticket to driving off in your dream car without hurting your personal finances.

Exclusive member savings

Costco’s Auto Program is a hidden gem for car buyers. As a Costco member, you get access to pre-arranged, members-only pricing on both new and used cars. The program partners with dealerships across the U.S., ensuring you get competitive, no-haggle prices on a wide range of vehicles. According to Costco, members save about $1,000 off the manufacturer’s suggested retail price (MSRP), depending on the make and model.

Additionally, Costco periodically offers extra incentives such as manufacturer rebates, low APR financing, and even gift cards with your purchase. For example, during promotional periods, members might receive $2,000 off a car on top of any dealership deals. These perks can add up quickly, making a Costco membership a smart investment for anyone looking to save on their next car.

Simplified car-buying process

Let’s face it: car shopping can be a daunting experience. Between negotiating with salespeople, comparing prices (and making sure payments fit into your budget), and deciphering financing options, it’s easy to feel overwhelmed. Costco takes the stress out of the equation with its straightforward, transparent buying process.

Here’s how it works: You start by visiting the Costco Auto Program website, where you can browse a selection of thousands of vehicles and compare prices. Once you’ve found a car you’re interested in, you can locate a participating dealership near you. Costco provides the members-only price upfront, so there’s no need for back-and-forth haggling. You simply show your Costco membership card at the dealership, confirm the pre-arranged price, and complete the purchase. It’s that simple.

Special offers on accessories and services

Your Costco membership extends beyond just the purchase of your car. Once you’ve driven off the lot, you can continue to save with exclusive discounts on various automotive services and accessories.

Need new tires? Costco offers 15% off parts, services and accessories from participating service centers. That could include services such as oil changes and brake inspections. And you could even save on auto insurance (customers save $595.86 on average) with Costco.

By bundling these savings, you can keep your car in top condition without spending a fortune.

Leveraging your membership for long-term benefits

The benefits of the Costco Auto Program don’t end once you’ve driven off the lot. As a member, you have access to ongoing support and resources to help you make the most of your purchase.

For example, Costco offers a dedicated member advocate team that can assist with any questions or issues that arise after your purchase. Whether you need help with financing, warranty claims, or understanding the fine print of your contract, Costco’s team is there to ensure you’re completely satisfied with your experience.

Moreover, if you’re considering trading in your vehicle down the line, the Costco Auto Program can help with that, too. Its trade-in service offers competitive offers on your current vehicle, making upgrading to your next car easier when the time comes.

With exclusive member pricing, a simplified buying process, and ongoing savings on automotive services and accessories, Costco makes car buying easier and more affordable than ever. So, the next time you’re in the market for a vehicle, remember to check out the Costco Auto Program. Your wallet will thank you, and you’ll gain peace of mind, too.

Top credit card to use at Costco (and everywhere else!)

If you’re shopping with a debit card, you could be missing out on hundreds or even thousands of dollars each year. These versatile credit cards offer huge rewards everywhere, including Costco, and are rated the best cards of 2024 by our experts because they offer hefty sign-up bonuses and outstanding cash rewards. Plus, you’ll save on credit card interest because all of these recommendations include a competitive 0% interest period.

Click here to read our expert recommendations for free!

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has positions in and recommends Costco Wholesale. The Motley Fool has a disclosure policy.

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