just curious because the dealers wont tell anyone the monthly lease payments until you actually say u want to buy. Its because thay dont want people to no the payments so they can get as much outta you as they can.

i was quoted 550month for 36 month lease.

the risidual is 51% for 36 month lease.

FWIW $550/mo is what I'm paying to own the car but I got a great APR% and 4500 trade-in. YMMV.

$ 513 for 48 months with $1500 down.

just curious because the dealers wont tell anyone the monthly lease payments until you actually say u want to buy. Its because thay dont want people to no the payments so they can get as much outta you as they can.

i was quoted 550month for 36 month lease.

the risidual is 51% for 36 month lease.

The most current 3 year residuals for the Grand Prix are roughly 51%.
That is terrible.
Even the G6 runs more like 57%.
A 5 series BMW ( just as another data point ) is typically about 60%.

I would not even consider a lease with that 51%. . .
Just my 2%.
- Ray
Wondering why they are setting this number so extremely low . . .

The most current 3 year residuals for the Grand Prix are roughly 51%.
That is terrible.
Even the G6 runs more like 57%.
A 5 series BMW ( just as another data point ) is typically about 60%.

I would not even consider a lease with that 51%. . .
Just my 2%.
- Ray
Wondering why they are setting this number so extremely low . . .


Based on Automotive Lease Guide (ALG), the leading provider of residual value information, data available to GM dealerships w/GMAC financing, here are the 36 month residuals of the cars mentioned:

2008 Grand Prix (exc GXP).........36%
2008 Grand Prix GXP.................43%

2008 G6 (exc 1SV, GXP)............43%
2008 G6 1SV...........................45%
2008 G6 GXP...........................46%

2008 G8 Base..........................46%
2008 G8 GT.............................49%

2008 BMW 5 Series (exc)...........47%
2008 BMW Wag, 535xi,550i.........42%
2008 BMW M5..........................50%

In years past, ALG has predicted Overall Industry 36 residuals to be in the mid-40%s in general.

The difference is that GM uses incentives to increase the residual value as part of the SmartLease-SmartBuy process. This brings all G6s and Grand Prixs to 52% and all G8s to 51% (at least in the Northest). Talking 36 months and the standard 15,000 miles per year allowance.

Based on Automotive Lease Guide (ALG), the leading provider of residual value information, data available to GM dealerships w/GMAC financing, here are the 36 month residuals of the cars mentioned:

2008 Grand Prix (exc GXP).........36%
2008 Grand Prix GXP.................43%

2008 G6 (exc 1SV, GXP)............43%
2008 G6 1SV...........................45%
2008 G6 GXP...........................46%

2008 G8 Base..........................46%
2008 G8 GT.............................49%

2008 BMW 5 Series (exc)...........47%
2008 BMW Wag, 535xi,550i.........42%
2008 BMW M5..........................50%

In years past, ALG has predicted Overall Industry 36 residuals to be in the mid-40%s in general.

The difference is that GM uses incentives to increase the residual value as part of the SmartLease-SmartBuy process. This brings all G6s and Grand Prixs to 52% and all G8s to 51% (at least in the Northest). Talking 36 months and the standard 15,000 miles per year allowance.

Interesting.
Thanks for posting these...
- Ray
Typically buy - not lease

I was co-shopping a 3 series just to see the lease differences, I guess BMW must be subsidising the 3 heavily, they told me a 3 year lease on the 3 series was 70% residual.

A lease on an all wheel drive 328 (yes I know smaller motor) was in the $560 range for 3 yrs.

Just a data point, not intended for purchase......

With GMS, I was quoted at $516 w/ 15k/year for 2 years. That was on a GT with Premium pkg. The lowest I got was 486/m with 12k/year. again both GMS pricing.

I was given a first-time, idiot quote I think. $660/month, 36 months, $1400 down, 12K a year, on a $32K sticker 2009.

wow!! crazy!!! yer dont go with that!!

i had a fully loaded 08 audi a4 at 41k with the same 36month 12k a yr and it was way cheaper than that!

Well My white GT with roof finally arrived in Upstate New York. Just picked it up a couple hours ago. WOW what a car. I really feel lucky on my deal.

My dealer, who I bought MANY Pontiacs from, honored my GM Employee Discount. 39 month lease, 2000 down just under 450 a month. I think it's pretty reasonable considering all the rapist dealers
around!:angel::angel::angel:

With GMS, I was quoted at $516 w/ 15k/year for 2 years. That was on a GT with Premium pkg. The lowest I got was 486/m with 12k/year. again both GMS pricing.

That's the best deal I've heard yet, did you put anything down?

Based on Automotive Lease Guide (ALG), the leading provider of residual value information, data available to GM dealerships w/GMAC financing, here are the 36 month residuals of the cars mentioned:

2008 Grand Prix (exc GXP).........36%
2008 Grand Prix GXP.................43%

2008 G6 (exc 1SV, GXP)............43%
2008 G6 1SV...........................45%
2008 G6 GXP...........................46%

2008 G8 Base..........................46%
2008 G8 GT.............................49%

2008 BMW 5 Series (exc)...........47%
2008 BMW Wag, 535xi,550i.........42%
2008 BMW M5..........................50%

In years past, ALG has predicted Overall Industry 36 residuals to be in the mid-40%s in general.

The difference is that GM uses incentives to increase the residual value as part of the SmartLease-SmartBuy process. This brings all G6s and Grand Prixs to 52% and all G8s to 51% (at least in the Northest). Talking 36 months and the standard 15,000 miles per year allowance.

Just wanted to throw this out there. Why do you think these residuals are so low? Hmm could it be the auto industry wants to sell more cars? Have more people in leases?

This would surely move more people to get cars every few years if they knew the car would be worth near nothing in 3 years. Who profits from car sales?

The apple was ripe but the core was rotten.

These lease payments I've heard so far are crazy. This is only a 33k max car. $500 a month for one of these is nuts. More like 3 to 4 per month.

These lease payments I've heard so far are crazy. This is only a 33k max car. $500 a month for one of these is nuts. More like 3 to 4 per month.

I'm hoping the prices will come down by Q4. I'm paying 311 for my GP, and it's MSRP is around 31k. I'll probably just end up financing it, as I will probably want to own this car for a long time.

On Edmunds I typed in all the info and the result was as follows:

36m 12k a yr 3000 down: $588.73m. They say it’s cheaper to _buy_
48m 12k a yr 3000 down: $480.02m. They say it’s cheaper to _buy_
60m 12k a yr 3000 down: $414.79m. They say it’s cheaper to _lease_

These were based on 3000 cash down and a 50% residual and a price of 33,000

Its the residual that makes the prices so high.

The dealers can play with you so be strong and always no more than the dealer.

I used the online financial calculator on pontiac.com.
Looking to replace my BMW dd with a G8 GT. (company lease)
Based on a G8 GT w/Premium + Sport + Sunroof, GM Smartlease, 36 months, 15k/yr with a trade in of 8k on my BMW, the monthly is $282.00/mo.

This is just what the calculator is saying. I have not sat down with the dealer yet. I guess I'll see.

Russ

Go for that if you can!! ^^

i am getting 406 for 66 months and got 18500.00 for my trade in...my trade in was a subaru impreza WRX...I like the G8 a whole lot better.

With GMS, I was quoted at $516 w/ 15k/year for 2 years. That was on a GT with Premium pkg. The lowest I got was 486/m with 12k/year. again both GMS pricing.

What was the actual sale price they were using to get these figures?

i am getting 406 for 66 months and got 18500.00 for my trade in...my trade in was a subaru impreza WRX...I like the G8 a whole lot better.

I am assuming there was a payoff on your Subbie? What was your net trade in? I'm guessing abour 6k.

Russ

I was given a first-time, idiot quote I think. $660/month, 36 months, $1400 down, 12K a year, on a $32K sticker 2009.

Wow! Maybe I'll wait for 3 years and pick one up for 7K!:sneaky:

$599 per month at 39 months with $885 down out of pocket at signing.

The lease numbers you guys are throwing around are ridiculous. Based on a 5 or 5.5% rate* you could BUY the car for less than $100 more each month, sometimes for even less than the quoted lease payments. Granted the loan would be a 48 or 60 month term but sheesh.

*The rates I used are actual rates quoted to me by 1) my dealer, 2) my credit union, and 3) my bank.

:nono:...

Like I said before, its silly to lease the G8 for this much. I see some people with G8 leases paying $550-$675 a month, that really sucks. You can own the car for less and reell it when your done for more.

Im really not 100% sure how the car lease and payment thing go since I have always paid cash for my cars but if you could just get a $30k loan from the bank or tack it onto a house payment for example you would be so much better off.

It would make little sense to lease at those prices. You might as well purchase the car.

Shoot I might as well wait a couple years and pick up one for 1/2 price and 75,000 miles of the powertrain warranty left.

It would make little sense to lease at those prices. You might as well purchase the car.

Shoot I might as well wait a couple years and pick up one for 1/2 price and 75,000 miles of the powertrain warranty left.

Personally, I'm giving GM 2 months to come out with a decent lease program on the G8, or I'm giving my Cadillac Lease back to GM and buying a Ford Mustang GT for less than 1/4 off MSRP (new).

I like driving the latest vehicles out, and drive a lot of miles, so I like typically like lease programs. I'm not interested in buying a 08 MY, will only lease the 08. I will buy the 09 MY if it's here by July/August (but who really knows the timeframe on this one). Hopefully it will work out.

2 months GM, that's all you got, then I'm off to visit the competition:gears:

$463 39mo/39k GMS w/ $500 owner loyalty.

G8 GT, Lux package and all-seasons. Black on black, not a 888.

551 and change/ month (about $520 a month plus tax). Nothing down, less than MSRP, first months payment and tags/registration due at signing.

This ^ includes Pa state tax on the lease payments. 15K miles per year, 39 month lease.

Picking it up Monday!!!

Personally, I'm giving GM 2 months to come out with a decent lease program on the G8, or I'm giving my Cadillac Lease back to GM and buying a Ford Mustang GT for less than 1/4 off MSRP (new).

2 months GM, that's all you got, then I'm off to visit the competition:gears:



Each Pontiac model, except the Solstice, has some type of supported GMAC SmartLease program. Increased residuals, reduced rate, cap cost reductions, or combinations of the three.

Doing the math on a standard GMAC SmartLease, $32,745 MSRP and Selling Price with 15,000 miles per year, no cap cost reduction (money down) and a standard acquisition fee but using each models specific lease program, the numbers look like this:


MODEL..........36 Month..........48 Month

G8.................$570.................$521

G6.................$518.................$468

G6 1SV...........$534.................$483

Torrent AWD....$608.................$535

Torrent FWD....$632.................$552

Solstice..........$633.................$575

Vibe...............$676.................$597

G5.................$705.................$607

So the lease program is more than in line with other models.

When you buy a car you are essentially getting a discount for taking the risk of depreciation. When you lease a car you are paying the finance company to take the depreciation risk. It is very simple. There is no history to prove that the G8 will be worth more in three years so GMAC is simply not going to take a chance. There are no entirely new models that are good lease deals. If you want a lease deal get an established car that has high resale. In two or three years you may see some deals but manufactuers suplement lease deals to move cars. These cars will move without incentives for at least the first year so you simply won't see a "good" lease deal.

When you buy a car you are essentially getting a discount for taking the risk of depreciation. When you lease a car you are paying the finance company to take the depreciation risk. It is very simple. There is no history to prove that the G8 will be worth more in three years so GMAC is simply not going to take a chance. There are no entirely new models that are good lease deals. If you want a lease deal get an established car that has high resale. In two or three years you may see some deals but manufactuers suplement lease deals to move cars. These cars will move without incentives for at least the first year so you simply won't see a "good" lease deal.

Didn't the Cadillac CTS have a good lease offer a few months after it was introduced?

Didn't the Cadillac CTS have a good lease offer a few months after it was introduced?

My 2004 CTS was $29,200 after getting dealer discount, GM card cash of $1500 and $2000 rebate. Sticker was $34,500. Financed this with a GM Smartbuy at $325 per month for 48 months, no money down. 45% residual.

My G8 will cost $30,124 after GM Card $1000 and other discounts. Lease would be $486 per month for 39 months with $1100 down. 53% residual.

Can anyone tell me why the monthly lease payment is 50% HIGHER? Gee the Fed's been cutting interest rates.

My 2004 CTS was $29,200 after getting dealer discount, GM card cash of $1500 and $2000 rebate. Sticker was $34,500. Financed this with a GM Smartbuy at $325 per month for 48 months, no money down. 45% residual.

My G8 will cost $30,124 after GM Card $1000 and other discounts. Lease would be $486 per month for 39 months with $1100 down. 53% residual.

Can anyone tell me why the monthly lease payment is 50% HIGHER? Gee the Fed's been cutting interest rates.

The lease quotes that I have been seeing so far have been laughable !!!:banghead:

My 2004 CTS was $29,200 after getting dealer discount, GM card cash of $1500 and $2000 rebate. Sticker was $34,500. Financed this with a GM Smartbuy at $325 per month for 48 months, no money down. 45% residual.

My G8 will cost $30,124 after GM Card $1000 and other discounts. Lease would be $486 per month for 39 months with $1100 down. 53% residual.

Can anyone tell me why the monthly lease payment is 50% HIGHER? Gee the Fed's been cutting interest rates.


The CTS SmartBuy works backwards to an interest rate of 1.79%.

The lease rate on the G8 is 5(%), for comparison.

The G8 lease also appears to have $2500 of something in it. Taxes, perhaps? Assuming the $1100 is all Cap Cost Reduction lowering the $30,124 to $29,024.

The Fed's rate cuts has done very little to effect GMAC's cost of money.

Perhaps GM is making very little money on the car and is trying to make up for it on the back end (financing).

The CTS SmartBuy works backwards to an interest rate of 1.79%.

The lease rate on the G8 is 5(%), for comparison.

The G8 lease also appears to have $2500 of something in it. Taxes, perhaps? Assuming the $1100 is all Cap Cost Reduction lowering the $30,124 to $29,024.

The Fed's rate cuts has done very little to effect GMAC's cost of money.

Thanks for the info. the 1100 is after 1000 in GM card money. It would have been 2100 consisting of tax, 1st payment and vehicle reg. hope this helps.

Still amazing how this impact the economics of leasing. Feeling for your dealers. I'll probably just buy it cash and a check from my credit card at 2.9%.

I remember the Caddy dealer quoting me $610 on a $46k sticker CTS, with $2000 down. Blew my mind given what I was paying on my old CTS. I was expecting somthing like $475 if I reduced options to get the sticker down to $40K...but the salesman wouldnt give me a price on one optioned that way.

I've never leased a car, but it is looking better all the time - unless I plan on keeping the car for at least 5 years. Honestly, $500 per month sounds pretty good to me. I bought my Bonneville GXP for $23,500 with 7k miles, I've been paying $460 per month for almost 2 years now, and I'm about 2k upside down compared to trade in. So what do I have to show for buying the car? Granted at the end of 3 years, I should have some equity, but it ain't a whole lot. By the time I have the car paid off it will be worth about 5k.

Oh and by the way, the sticker for my Bonne was 38k! No wonder they didn't sell, and Pontiac got the message, and the G8 is the result.

I do think the G8 is going to do a lot better on resale than the FWD Pontiacs; if they can bump the residual up, the lease is not looking too bad IMO.

$463 39mo/39k GMS w/ $500 owner loyalty.

how much did you put down?

just curious because the dealers wont tell anyone the monthly lease payments until you actually say u want to buy. Its because thay dont want people to no the payments so they can get as much outta you as they can.

i was quoted 550month for 36 month lease.

the risidual is 51% for 36 month lease.

Just happened to notice the new BMW lease rates:

http://www.bimmerfest.com/forums/showthread.php?t=284103

I had recently read that BMW had substantially changed their residuals – dues to their lease numbers not reflecting ‘reality’.

These numbers are MUCH worse.

For comparison, these are the same numbers from 2007:

http://www.bimmerfest.com/forums/showthread.php?t=204149

Looking specifically at the 335i Sedan ( what I was considering ) for an example, the residual @ 36 months has dropped from 61% to 56%. That is a HUGE drop. And represents $100+/month for many who might lease a BMW. . .

Just one data point.
- Ray
Not likely to lease either . . .

2007 BMW 335i Sedan
24 Month – Residual 71% of MSRP – .00175 Base Rate
36 Month – Residual 61% of MSRP – .00175 Base Rate
48 Month – Residual 42% of MSRP – .00320 Base Rate
60 Month – Residual 34% of MSRP – .00320 Base Rate

= = =

2008 BMW 335i Sedan
24 Month – Residual 66% of MSRP – .00200 Base Rate
36 Month – Residual 56% of MSRP – .00200 Base Rate
48 Month – Residual 40% of MSRP – .00258 Base Rate
60 Month – Residual 33% of MSRP – .00258 Base Rate

Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms

I posted in another thread, but I'm picking mine up today. G8 V6, Red, Moon Roof, Upgraded Stereo (with the screen) - $515/month, $1k down, 39 months (15k miles/year)

I think it's a great deal.

upgraded stereo??? with the screen... the cars with the screen anyway. No other way.

as for the deal I cant say if its good or bad because I have no idea how much these things are goin for now. all I can say is mines in the high 500 range to buy.

congrats on the car! you'll love it!!!

G8 GT premium package 19's gm loyalty+gm discount+first payment due at signing 39 month
10k a yr $431 a month, $485.00 total out of pocket.I could have got more miles but I'll park it for part of the winters.

Yeah, that 10K a year option is nice!

Well My white GT with roof finally arrived in Upstate New York. Just picked it up a couple hours ago. WOW what a car. I really feel lucky on my deal.

My dealer, who I bought MANY Pontiacs from, honored my GM Employee Discount. 39 month lease, 2000 down just under 450 a month. I think it's pretty reasonable considering all the rapist dealers
around!:angel::angel::angel:
How much miles a yr.......I got a quote in Nj for 499 3k down 15k a yr..........I don't want to get jerked.........And which model.....Thanks......:driving:

upgraded stereo??? with the screen... the cars with the screen anyway. No other way.

as for the deal I cant say if its good or bad because I have no idea how much these things are goin for now. all I can say is mines in the high 500 range to buy.

congrats on the car! you'll love it!!!

V6 model. Unless you have comfort and sound, you DO NOT get the LCD screened Head Unit/Climate Control system.

For me, I'm leasing for 30 months. My total of lease payments + the residual = the amount I would have paid if I would have financed for 60 months. Do the math while your at the dealership. I was pulling out my phone everyother min to check numbers.

We are talking about a $30-$32,000 Pontiac here folks. With these lease rates these dealers are out of their minds!! $500-$550 a month...are you guys crazy?!!?


You can lease a $45,000 BMW, or Lexus GS350 for less than the G8. Also, you should never put any money down to reduce your monthly payments when you lease. Total the car and there goes your money.:(

We are talking about a $30-$32,000 Pontiac here folks. With these lease rates these dealers are out of their minds!! $500-$550 a month...are you guys crazy?!!?


You can lease a $45,000 BMW, or Lexus GS350 for less than the G8. Also, you should never put any money down to reduce your monthly payments when you lease. Total the car and there goes your money.:(

Not according to BMW.

Went to the BMW Lease page:
http://www.bmwusa.com/Standard/Content/FinancialServices/LeaseOffers.aspx

Selected the BMW 528i Sedan, because it has a base MSRP of around the $45,000 you used in your post. The page uses a $47,375 MSRP'd car.

http://www.bmwusa.com/Standard/Content/FinancialServices/LeaseOfferDetail.aspx?enc=PEtbpB8F49Qyfa2/jo+0rw==

BMW shows a $589 lease payment with a 10,000 mile per year, $2,500 downpayment, $350 final dispostition fee, and $27,478 purchase option.

What isn't known or shown is the actual selling price, the lease rate or the residual percentage.

If one was to make the assumption that the purchase option equals the residual, which may or may not be true, then the calcualted residual percentage would be 58%.

If one made another bold step and assumed a selling price of MSRP, and a similar acquisition fee to GMAC, then the lease rate could be around 3(%).


Flip the paper, purchase a $32,745 2008 Pontiac G8 GT at MSRP. Figure a $500 Owner's Bonus and $2,500 downpayment, for a Cap Cost of $29,745. Go for 36 months on a 10,000 mile per year incentive GMAC SmartLease and the payment is $438. This assumes the incentive lease rate of 5% is offered and the ultra-low mileage program residual of 56% is used. With no dispostion fees due at lease end.


The reasons so many of the posted lease payments have been in a higher range, are that some include tax(es), are for a lot less down, or the standard 15,000 miles per year.


For a giggle, check the monthly payment on a 36 month 6% loan for $29,745, come to about $905@.

I've already been to the BMW dealer. Crunched numbers, seen the quotes, things there seemed pretty straight forward. Took a 335i out for a test drive, no problems, no hassels. No fill out a credit application, leave a $500 deposit on credit card before you go out on a test drive like at a Pontiac dealership I went to. Sat down with the guy, asked if he had one configured the way I wanted (white, sport pack, premium, nav). He located one and then found another that just got into the port. He gave me the prices for both and they were both well below MSRP and about $1000 over the invoice price. He also told me that I could order one and get it in about six weeks for the same price.

Go look a a G8GT today and the dealer wants the $2500 OVER the MSRP. I ask him why this is? He doesn't really have a good reason why, just that the car is a "hot ticket item". What a crock. Is Toyota charging a premium over MSRP on their hybrids?

I'm just still having a hard time accepting what these dealerships are doing with the mark-ups and high lease rates. Don't they know that they are talking about a Pontiac for crying out loud. I wasn't around for the GTO fiasco but if it is anything like this then these people haven't learned from their mistakes.:soapbox:

Ajava, go to a different dealership. Don't be scrrrd to call around. I called the same dealership name, different location and got much better service at the second. All in all I called 5 dealerships. Had to drive 60 miles one way, but it was well worth the trip.

There are some good dealers out there.

Why would you lose any money if totalled and leased?

I agree a $500-$600 lease payment for a car under 30k is crazy.

Currently have a 07 TrailBlazer MSRP $28450, 27 Month lease, 12K miles a year. GMS Discount, $2500 Rebates at the time. No money down = $275.05

07 Impala LT3, Leather, roof $1500 Rebates at the time. MSRP $26,970, 27 month lease, 12k miles, GMS Discount. No money down = $332.87

I did some digging and my last TB in 05 was even more...

2005 TB "loaded" MSRP $37025, GMS discount, $2000 in rebates at the time, 24 month lease, 15k miles a year, No money down = $329.06

Normally when an all new model comes out, demand is high and supply is low. Thus the lease prices are jacked. A more education explanation is; while this product is rebadged from overseas. From a product lifecycle it is considered to be in the Introduction/Growth stage. Buyers during this stage are "early adopters", generally speaking this group is receptive to new styles and places a high value on being in fashion or first to adopt. Over paying during this stage is common and expected from the manufactures stand point as this is the stage where OEM attempts to recover all product development cost. (remember guys paying 10K over invioce for PT Cuisers,LOL:)) (or dudes that paid $500 for DVD palyers and there was only 10 movies available in that format)

I felt this way when I picked up my Impala, I original wanted a Saturn Aura (1 week after they hit showrooms) but could not get the note under $360 for a car that has less options, less power, less room and cost much less then the Impala, i.e. I got the Impala.

Now I am sure there are finance guys on this forum that will argue residuals and short term interest rates and such. That’s all BS!

I have bought 10 GM cars over the past 8 years, and from just as many dealers. I get GMS and have always been told the price is the same no matter where you go... again BS!

While the GMS price is the same, how dealers run numbers is different and some dealers give better numbers then others... I'll leave you to figure out why.

Dealers (NEW CAR) make more money on the "paper" or financing then the car! Profit margins on cars are not as attractive as the sell of an inflated lease. When the product is hot it’s easy to get people to take it up the A** but as supply increases they tend to reduce or massage the lease rates to fit the next group on the product lifecycle. If you think I am wrong, call a dealer and as him to run lease numbers on a Grand Prix a car that is at the end of its product lifecycle.. it will be much higher than a equally valued car in the middle of its cycle like an Impala. The OEM has reached its peak of profitability on the product and as volumes decreases its less desirable to think about getting the car back in three years.

I will end with this... When I get my G8, leased for under $350... and I will, I will post and ttt this thread everyday!

My lease is up in dec 08 on my two cars... with the pull ahead I figure I'll be shopping in July!

I would agree with you as well. These lease figures I've been hearing are laughable.

I agree a $500-$600 lease payment for a car under 30k is crazy.

Currently have a 07 TrailBlazer MSRP $28450, 27 Month lease, 12K miles a year. GMS Discount, $2500 Rebates at the time. No money down = $275.05

07 Impala LT3, Leather, roof $1500 Rebates at the time. MSRP $26,970, 27 month lease, 12k miles, GMS Discount. No money down = $332.87

I did some digging and my last TB in 05 was even more...

2005 TB "loaded" MSRP $37025, GMS discount, $2000 in rebates at the time, 24 month lease, 15k miles a year, No money down = $329.06

Normally when an all new model comes out, demand is high and supply is low. Thus the lease prices are jacked. A more education explanation is; while this product is rebadged from overseas. From a product lifecycle it is considered to be in the Introduction/Growth stage. Buyers during this stage are "early adopters", generally speaking this group is receptive to new styles and places a high value on being in fashion or first to adopt. Over paying during this stage is common and expected from the manufactures stand point as this is the stage where OEM attempts to recover all product development cost. (remember guys paying 10K over invioce for PT Cuisers,LOL:)) (or dudes that paid $500 for DVD palyers and there was only 10 movies available in that format)

I felt this way when I picked up my Impala, I original wanted a Saturn Aura (1 week after they hit showrooms) but could not get the note under $360 for a car that has less options, less power, less room and cost much less then the Impala, i.e. I got the Impala.

Now I am sure there are finance guys on this forum that will argue residuals and short term interest rates and such. That’s all BS!

I have bought 10 GM cars over the past 8 years, and from just as many dealers. I get GMS and have always been told the price is the same no matter where you go... again BS!

While the GMS price is the same, how dealers run numbers is different and some dealers give better numbers then others... I'll leave you to figure out why.

Dealers (NEW CAR) make more money on the "paper" or financing then the car! Profit margins on cars are not as attractive as the sell of an inflated lease. When the product is hot it’s easy to get people to take it up the A** but as supply increases they tend to reduce or massage the lease rates to fit the next group on the product lifecycle. If you think I am wrong, call a dealer and as him to run lease numbers on a Grand Prix a car that is at the end of its product lifecycle.. it will be much higher than a equally valued car in the middle of its cycle like an Impala. The OEM has reached its peak of profitability on the product and as volumes decreases its less desirable to think about getting the car back in three years.

I will end with this... When I get my G8, leased for under $350... and I will, I will post and ttt this thread everyday!

My lease is up in dec 08 on my two cars... with the pull ahead I figure I'll be shopping in July!

Did you want a pat on the back, or a cookie?


:rolleyes::rolleyes:

LOL, he must have over paid, look dude this is a forum to express opinions and share information, mods, pics and things related to our common kinship for a vehicle.

Secondly this thread is about lease prices… do you have something to add?

Don’t be mad at me cause I have an opinion and something to contribute to the forum and you… well I will let your comments speak to that…

LOL, he must have over paid, look dude this is a forum to express opinions and share information, mods, pics and things related to our common kinship for a vehicle.

Secondly this thread is about lease prices… do you have something to add?

Don’t be mad at me cause I have an opinion and something to contribute to the forum and you… well I will let your comments speak to that…

I did add, you can look for it yourself.

Congratulations and good luck to you, you're going to need it.

Dude.

FWIW:
GT Prem/Sport /no roof

39 mo./15k/yr
$1088. down
$510./mo
Who knows what these will be worth down the road.I wont have to wory about selling it. Besides if theres something new i want then or before (lease pull ahead) i'll swap and be happy!

I thought my payment was a bit high as well, but as they get cheaper you can just swap out your lease and get another one full of incentives. I got mine for $0 out of pocket and three payments from my previous lease rolled over for $567 a month for 48 months 12k a year. In contrast my previous car was a 2006 Cadillac STS that I traded in early because I had waaaay to many miles on it but I only paid $388 a month for 27 months with little out of pocket. So the idea of paying more for a Pontiac that I did for a Cadillac is a bit strange but it seems lease prices have gotten ridiculous on all cars in the last couple years.

I talked to my dealer yesterday and the lease payments were ridiculous. Everything was over $500 no matter what way they worked it. Audi has A4s for 0 down $399 a month that is looking pretty tempting...BUT its a major sacrifice in power so I'm torn.

That Audi deal is sweet. If 500 is too much you could probably lease a certified pre owned BMW 335i or 545i for under 500 w/1000 down. Cadillacs can be had cheaply if your willing to hardball negotiate with a dealer with too many STS or DTS on the lot, not for CTS though. Or you could wait until the G8 craze dies down which will happen right around the time regular is 5 bucks a gallon and get a good deal.

I talked to my dealer yesterday and the lease payments were ridiculous. Everything was over $500 no matter what way they worked it. Audi has A4s for 0 down $399 a month that is looking pretty tempting...BUT its a major sacrifice in power so I'm torn.

The Audi deal is for a FWD with CVT so it's no deal really.

Any news on leasing?

Any news on leasing?

Lease? I dont know the meaning of that word!!! Its either buy or dont buy for me!!!