- Costco’s Auto Program has added new EVs to its member-only new car incentives.
- Four Cadillac EVs are eligible for up to $1,250 in savings for Costco members.
- Three Volvo EVs are also on the list.
Costco Auto Program, the American wholesale giant’s car-related discount service, is offering its members incentives of up to $1,250 for a new Cadillac EV, and up to $2,000 off a new Volvo EV.
The incentives are available to Non-Executive and Executive members until March 2, and they apply to certain 2025 and 2026 models. Better yet, Costco’s vouchers can be stacked with manufacturer or dealer incentives, leading to more savings.
The Volvo EX90 is the most expensive EV on the list, but it also gets the biggest incentive.
Photo by: Volvo
A $1,000 discount is offered to Costco Non-Executive members toward the purchase or lease of a 2025 or 2026 Cadillac Optiq, 2025 Cadillac Vistiq, 2025 or 2026 Cadillac Lyriq, 2026 Cadillac Lyriq-V, 2026 Volvo EX40, or Volvo EX30. Executive members get a slightly better deal–$1,250 off.
What’s more, Non-Executive members can get a $1,500 discount for a 2025 or 2026 Volvo EX90 SUV, while Executive members can benefit from a $2,000 discount.
To redeem the discounts, members need to register online on Costco’s EV Marketplace, where they’ll receive a promotion certificate with a unique promotion code. The certificate can then be used at any participating Cadillac or Volvo dealership toward the purchase or lease of an eligible EV.
To make things even more appealing, all of the Cadillac models eligible for a Costco member discount also come with a $2,000 price cut if the buyer currently owns an eligible car from a competitive luxury brand. There’s also financing at 2.9% APR for 60 months, and a $2,000 cash allowance for buyers who are well-qualified.
Meanwhile, in Volvo world, financing rates start at 0.99% APR for the EX30 and EX40 crossovers, or the buyer can opt for a $2,000 purchase allowance. The 2025 Volvo EX90 SUV gets an even better deal, though, with 0% APR up to 72 months or up to $7,500 in allowances.
Costco’s Auto Program has been around for decades, offering discounts and deals for car shoppers across the United States. Earlier this year, the big-box store behemoth started offering discounts on select certified pre-owned cars, including EVs.
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