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Chevy has offered substantial conquest rebates to Mustang owners since early 2017. It's typically $2,000, but has been $3250 for 2020 Camaros (and $3750 for 2019s) since February. The current offer expires 3/31, but since it's been continuous for almost three years, I'd expect it to continue. The value may go down, but maybe (probably?) not anytime soon. It now looks like I'm going to buy a friend's Mustang track car so I can title it and 30 days later, qualify for the rebate (assuming it still exists). Just a few potential gotchas:
It will cost about $150 to get the title (plus title service fee?), so in the worst case it should not be an expensive mistake to try. This, like selling the car, is something I should have acted on earlier and knew it. So, rather than find myself another 30+ days in the future without having bought anything yet, I'm going to try to fix it. |
Another option that I foresee: GM will unleash Friends and Family discounting which could better any other discounts—
So that’s a backup plan if the Mustang conquest thing falls through. They have weird rules about which discounts you can combine. |
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Wrench in my plans and a learned lesson in late night quarantine quickie transactions. I forgot to ask beforehand or check at the time if the title had a lien and, if so, a lien release document. My friend never titled it. The title he had was signed by the original owner, but has lien info on it and he did not have (and never got) the Security Interest Filing document releasing the lien. Original owner (also a friend) is currently looking for it. If he can't find it, he can get a special letter from his lender or a duplicate title from MD and sign that over to me. So, I'm delayed a bit, but not sure how much yet. Quote:
Looks like they aren't offering 0% on Camaros now. I know it wasn't part of the original announcement, but could have sworn I saw them applying it to the Camaro a couple days later. It was not stackable with the Mustang conquest rebate, but it was there. Until I resolve the Mustang title, it doesn't really matter. |
What’s the deal on the mustang track car? Curious about that.
To get the rebate do you have to trade the car in? |
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Offer applies to customers who currently own or lease a Ford Mustang. Competitive owners are not required to trade in their qualifying vehicle unless the vehicle is being delivered under the GM employee purchase program. Offer is available on finance deals only. Customer must have owned/leased the Ford Mustang for a minimum of 30 days prior to the sale of the new vehicle. For deliveries under those programs, the customer must have a competitive lease with a scheduled end date withing 365 days of the delivery date of the new vehicle. This offer can be transferred to individuals residing in the same household.The Mustang story... Friend 1 bought a lightly used 2005 Mustang in 2005 (I was mistaken about him being the original owner). Friend 1 sold/gave the car and a signed title to Friend 2 in 2015. Friend 2 never did anything with the title because it was never going to be used on the street. By the time Friend 2 got it, it was already halfway gutted for CP and I don't think it had been driven on the street in the previous two years. When Friend 2 got it, he immediately got to work on it, but changed directions from CP autocross to track only. Because of how liens are recorded and released in MD, it's just some extra paperwork. The lienholder should have sent Friend 1 a document when the loan was paid off and Friend 1 should have given that document to Friend 2 with the title, but did not. To title it in my name, I need 1) that document, 2) a signed letter from the lienholder to Friend 1 on company letterhead saying the lien was satisfied, or 3) Friend 1 to get a duplicate title from MVA without the lien info. He just texted that he doesn't know where the document is or if he still has it. Option 2 is a phone call or online request. Option 3 would require him to leave the house and interact with people (at a tag & title company since MVA is closed to the public). So, we're going with Option 2. (I'm not asking anyone to go outside for this and if he offered, I'd ask him not to.) This gambit has some risks:
At worst, I think I'd be out about $200. For a potential $3k savings, I'm good with that. |
But what are you going to do with the Mustang?
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My god. I hope this gambit works. |
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No matter how things go, the car stuff will be fine or better. |
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