Can you lease a car through Costco Auto Program?

Asked By: Amando Gerritsen | Last Updated: 20th February, 2020
Category: automotive auto buying and selling
5/5 (206 Views . 22 Votes)
Can I lease a car through the Costco Auto Program? Absolutely. Our Authorized Dealer Contact will offer you the same price for a lease as for a purchase. In leasing, the “Agreed Upon Value of the Vehicle” is equivalent to the “Member-Only Price” in a purchase.

Click to see full answer

Simply so, is Costco Auto Program a good deal?

Yes, It's a Good Deal, But There Are Caveats. It's the same with cars. You can buy a car at Costco through the Costco Auto Program and get a pre-arranged, rock bottom price on pretty much any car. However, getting that deal isn't always easy.

Also, how does Costco auto buying program work? The Costco Auto Program connects Costco members to participating dealerships that offer reduced prices on new vehicles. Costco then finds a local dealer that offers the car at a reduced price and sends the customer the dealer's contact information.

Consequently, what are the benefits of Costco Auto Program?

Here's a look at other Costco Auto Program benefits:

  • New Vehicle. Offering an exceptional value with low, prearranged pricing on many makes and models, the Costco Auto Program makes saving on your next vehicle easy.
  • Select Pre-Owned Vehicles.
  • Parts, Service and Accessories.
  • RVs.

What is the Costco discount on cars?

A Costco representative told Business Insider in 2018 that Costco members saved an average of over $1,000 off the average price of a vehicle when using the program, and members can also get a 15% discount on parts, service, and accessories at participating service centers.

39 Related Question Answers Found

Does the Costco Auto Program save you money?

You can also save money if you complete a Costco Auto Program member satisfaction survey. It's good for a 50% off coupon that can be used toward auto parts, service and accessories at the dealership where the vehicle was purchased. For Gold Star and Business members, the coupon lets you save up to $100.

How much can I get off MSRP?

Sometimes the dealer will post an "Invoice" price for the vehicle underneath the MSRP and use this as a selling point. "Look at the invoice price," says Frank, of Bayside Toyota. "We're only making a few hundred dollars selling you this car at this price, and plus, you're getting almost one thousand dollars off MSRP."

How do you negotiate a car deal?

Our top tips to negotiate your car price
  1. Research the market value for the car you want.
  2. Keep emotion out of the transaction.
  3. Negotiate each part of the transaction separately.
  4. Negotiate the final, out-the-door price.
  5. Research what incentives are available for the car you want.
  6. Price shop with multiple dealers.

What is the cheapest way to buy a car?

What is the Cheapest Way to Buy a Car?
  • Buy A Cheap Car With Cash. Probably the cheapest way to buy a car is always to pay cash.
  • Get Pre-approved If You Aren't Paying All In Cash.
  • Research Your New Vehicle and Stay Flexible.
  • Find Out The True Ownership Cost.
  • Rent Before Buying.
  • Buy A Car At The Right Time.
  • Scope Out Old Car Inventory.
  • Consider Membership Warehouses.

What happens to new cars that never get sold?

This Is What Happens to All of the Cars That Never Get Sold. That means they buy new cars from the manufacturer and sell them at a higher price to make a profit. Therefore, once the dealership buys those cars, they belong to them. They can't just send the unsold ones back to the manufacturer at the end of the year.

What time of year is best to buy a car?

The months of October, November and December are the best time of year to buy a car. Car dealerships have sales quotas, which typically break down into yearly, quarterly and monthly sales goals. And all three goals begin to come together late in the year.

Can you negotiate a no haggle price?

Yes, not having to haggle for a car is a benefit, and some shoppers are willing to pay extra just so they don't have to negotiate. You may be able to negotiate a lower interest rate or a free oil change if you're not totally happy with the nonnegotiable price.

How much my car is worth?

The result is a clear picture of what your car is worth, or how much you should pay. You may pay less for a car with an accident, or more for a car without one. Only CARFAX gives you the VIN-specific price for every used car based on its history.

Does Costco have an auto buying program?

The Costco Auto Program allows Costco members to buy discounted cars through participating dealerships. The program makes a lot of the hardest parts of buying a car — like research and negotiation — easier. But it also limits the customer's options in some areas.

Can you buy a used car through Costco?

Costco has a certified pre-owned program for used cars that could be worth the price of membership to the warehouse club.

Does Costco do oil change?

Costco does not do oil changes. The only automotive services that Costco performs in its warehouses are tire and battery sales/service. As of 2016 Costco in the United States and Costco in Canada do not do oil changes.

Can I buy a car without going to the dealership?

It's never been easier to buy or lease a car without going to a dealer. You can then ask the dealer to drop the car off and pick up your trade-in if any. You can do all the signing then. Dealers prefer you come to their store so they can sell warranties, etc.

Does Costco do brake work?

Costco does not do brakes. After reaching out to Costco, we discovered that brake repair services are NOT offered at their warehouse locations. However, the retailer has an auto program that will help its members save on car repairs. This is called the Costco Auto Program.

Does Costco do state inspections?

A participation fee has been paid by the dealers participating in the Costco Auto Program. Certain vehicles may be excluded from the program. It cannot be used toward the purchase of air bags, oil changes, tires, state-mandated vehicle inspections or be combined with other promotions or incentives.

Is it better to put a large down payment on a car?

Putting money down on a vehicle has plenty of advantages. The larger the down payment, the lower your monthly payment will be—and you'll probably get a better interest rate, to boot. A larger down payment also helps you build equity faster and protects you and the lender against depreciation and potential loss.

What does Costco Auto Center do?

WHAT SERVICES DOES THE COSTCO TIRE CENTER PROVIDE? The Costco Tire Center offers several installation and maintenance services to get our members on the road, including rotation, balance, nitrogen inflation, nitrogen conversion, and flat repair.

Is Costco Auto price below invoice?

The way the program works is that Costco has arranged pre-negotiated prices for their members through a network of car dealers. These pre-negotiated prices are based off the invoice - usually $500 above invoice price. This is where some people feel the Auto Buying program is a bit misleading.