Unusual Things You Didn't Know You Could Get at Costco

September 9, 2014

You may already be accustomed to Costco stops for your bulk-buying food and home good needs, but this one-stop-shop offers more than unlimited supplies of toilet paper and peanut butter. In fact, they offer discounts on items you probably wouldn’t have even thought about.

Check out this list of big-ticket items this mega-warehouse is hoping to capitalize on. You might just reap more savings than you ever thought possible.

Engagement Rings

While the idea of shopping for an engagement ring next to aisles of paper towels and produce may not seem romantic, it certainly is practical – at least in this case.

The retailer is said to carry diamond rings valued for as much as $1 million (or possibly higher), but have plenty at lower price points that look anything but discounted.

When compared to Tiffany & Co. in a Good Morning America segment, the $16,600 Tiffany ring appraised for considerably less than the sale price at $10,500, while the $6,600 Costco ring appraised for more than the sale price at $8,000.

Cars

If you aren’t a fan of negotiating with car dealers (and who is?), then you might want to consider Costco’s car buying program. While you won’t technically be purchasing the car from Costco, they have partnerships with over 3,000 dealerships nationwide with which they’ve already negotiated pricing on different makes and models.

The deals will vary, but they state their pricing is “usually about $1,000 less than kbb.com (Kelley Blue Book) and Edmunds.com’s TMV (True Market Value).”

Essentially you’ll skip over the car buying hassle and the car will likely be less than just walking into the dealership site unseen. I’d say that’s a big win.

Travel Packages

Travel, like car buying can be a daunting purchase to make. Costco streamlines the process by offering travel packages that can include everything from airfare to daily breakfast. Many travel forums report big savings with these packages and excellent experiences with tours, hotels, etc.

The downside appears to be relatively rigid options and lack of personalization that one might receive with an actual travel agent. But if you are already used to booking travel packages with sites like Travelocity or Expedia, Costco might be your best, money-saving option.( In addition, you may be able to receive additional perks and add-ons if you have an executive level Costco membership.)

Gym Memberships

If you know you can commit to a 2-year gym membership, Costco’s 24-Hour Fitness membership has substantial savings over the membership you would get just walking into the gym. When broken down monthly, it could be as much as 50% off. Although, it’s important to note, with Costco’s membership, you would pay the entire contract upfront.

The upside? No monthly bills to take care of.

Mortgages

Yes, you read that right. Apparently Costco has expanded the financial services they already offer (including insurance and various types of smaller loans) to include mortgages.

The mortgages are through Costco’s partnership with First Choice Loan Services and they are said to save members up to $4,900 over the life of the loan. On top of that, executive and goldstar members have lender fees capped at $500 and $650 respectively.

As with any other product you’d buy from this big-box retailer, just make sure to do your research first.

Would you purchase any of these things from Costco?