- Costco is well known for offering savings on new cars.
- This summer, the wholesale club is swinging big with $1,000 or more off EVs from four brands.
One of the under-appreciated perks of a Costco membership is big savings on new cars.
The wholesale club has an interesting arrangement with participating dealers that effectively eliminates all the negotiating and haggling from of the picture, leaving the buyer with one low price.
Sometimes the savings go even deeper, with significant discounts on particular makes and models. This summer, Costco is swinging big with $1,000 or more off EVs from four brands.
From now until July 31, Costco members can take $1,000 off the price of a Cadillac Lyriq, Chevy Equinox EV, Chevy Blazer EV, Volvo C40 Recharge, or Volvo XC40 Recharge. Meanwhile, Polestar 2 fans can pick up $2,000 savings on the brand's latest offering.
Vehicles must be in stock at a participating dealer and delivery must take place before July 31.
There is another catch too: the deal is only available to those who were existing members as of April 30.
Of course, Costco still offers smaller deals on a range of other new vehicles for current and new members alike.