: August incentives?
Tremek 07-28-2009, 12:41 PM While I suspect no one knows anything quite yet, when the August incentives and offers are made available or news regarding them surfaces it would be useful to collect info here. Any speculation on whether the offers will stay the same, get better, or get worse?
EDIT: As of 8/4 there are between $3500 and $4250 in incentives, and 0% financing is gone. Essentially worse than July's incentives.
5litrarag 07-28-2009, 12:47 PM I dont think it'll get much better.. but I mean come on, there is already 4k+ in rebates on the table (more if you're GMS) plus you have the cash for clunkers programs 3500-4500 bucks running too. How much more can you reasonably expect?
You're losing your pick of the litter by waiting....
Tremek 07-28-2009, 12:54 PM I dont think it'll get much better.. but I mean come on, there is already 4k+ in rebates on the table (more if you're GMS) plus you have the cash for clunkers programs 3500-4500 bucks running too. How much more can you reasonably expect?
You're losing your pick of the litter by waiting....
While that may be so in some locales, I think this board hypes that concept more than reality supports it, and I can at the very least support that with my anecdotal evidence.
Within 300 miles of me there are 50+ G8 sedans, 50+ GTs, and 18 GXPs. 10 GXPs are A6, 8 M6. Over the past month 4 have sold.
With regards to the incentives themselves, it wouldn't be unprecedented for GM to become more aggressive on them.
As an example, Mitsubishi is presently selling Evos - which live in the same price and similar performance strata - for ~6-8k under MSRP, and also offering 0% financing. The G8s living under a dead brand command less caché, I think, and have myriad other perceptual problems facing them.
While I'm not saying these aren't good cars - I wouldn't be interested in one if they weren't - I humbly submit there's a bit of a reality distortion field around here about value and pricing. That said, I think we can 'reasonably expect' the same, if not better, the longer the inventory sits on the lots.
300King 07-28-2009, 12:57 PM I'm looking forward to seeing the August incentives as well. You can count on someone posting them when they are released. I am getting close to pulling the trigger on a GT but wouldn't mind one bit if the August incentives sweetened the pot even more.
300King 07-28-2009, 01:02 PM ... plus you have the cash for clunkers programs 3500-4500 bucks running too.
Does the G8 qualify for CARS? Last time I checked it did not.
5litrarag 07-28-2009, 01:07 PM Not sure where you are , but I guess it depends on how far you are willing to drive to get one...
I was never interested in any of the 6 cyl cars, GXPs were more than I wanted to spend even with my GMS pricing.
So I needed to act now since my searches of inventory on the GM website showed that inventories of any GT that I would even consider buying were running very low.
A couple weeks ago I found mine and a week later GM added another 1000 bucks in rebates.... however there were no more White / Onyx & red cars within 300 miles of here by that time.
So to each their own...good luck.
5litrarag 07-28-2009, 01:08 PM Does the G8 qualify for CARS? Last time I checked it did not.
No, but I have heard of some dealers out here offering to match that program just to move a unit.
radkon 07-28-2009, 02:12 PM I'm picking mine up tonight $5,500 in total rebates not counting the GM card. I wasn't about to risk it as I looked around last week on Pontiac's site and found very few cars in my 300 mile radius. http://www.g8board.com/forums/showthread.php?t=20314
RobertHammen 07-28-2009, 02:29 PM Here in the midwest there are few GXP's, and you can't be choosy about color or option packages (try to find a sport/premium/sunroof car here in the Milwaukee area).
At a certain point (once enough cars are sold), if the G8 pattern follows the GTO, incentives will actually get worse...
shudog 07-28-2009, 03:46 PM Picking up my GT on Thursday. It was the last black one with Prem & Sport packages in a 50 mile radius of me. No white or MGM GT's with those packages either. I know of 2 GXP's in the Cleveland area, 1 black, 1 liquid red...
I don't see the rebates or incentives changing much. The cars are moving. There aren't many left. The G8's are selling better than the GTO's did and I don't recall them getting huge rebates or incentives. Then again, things were alot different in 2005 & 2006.
markw78 07-28-2009, 03:52 PM One dealer pointed out that prices may go up as the cares become more hard to find.
It is also important to note that dealers that are not closing have until the end of 2010 to sell off thier Pontiacs. I wouldn't be in a hurry if I was a dealer...
On the other hand GM runs the show with the incentives and rebates, so it may be in thier best intrest right now to get as much cash out of Pontiac as soon as possible to turn those assets into cash sooner rather then later, so the incentives may stay or get better.
No one knows, we'll know what the August incentives are in another week.
G8BLBYU 07-28-2009, 03:56 PM In my area, the dealer I bought my car from has one GT left. No GXP and surprisingly enough, only a handful of V6s. I'm glad I have mine already.
Tremek 07-28-2009, 04:01 PM One dealer pointed out that prices may go up as the cares become more hard to find.
It is also important to note that dealers that are not closing have until the end of 2010 to sell off thier Pontiacs. I wouldn't be in a hurry if I was a dealer...
Most dealers are paying floorplan (interest) on those cars simply sitting on their lots - potentially costing them money they may not have if that car were to sit until the end of 2010. Does anyone know where the holdback checks to the Pontiac dealerships are originating from post-Old GM?
slither302 07-28-2009, 04:28 PM I was in the same boat; didn't want to risk waiting and missing out on the car I wanted. Pulled the trigger on a whitehot GT w/ sport/prem packs and the red/onyx interior.
Tripower2 07-28-2009, 07:28 PM While that may be so in some locales, I think this board hypes that concept more than reality supports it, and I can at the very least support that with my anecdotal evidence.
Within 300 miles of me there are 50+ G8 sedans, 50+ GTs, and 18 GXPs. 10 GXPs are A6, 8 M6. Over the past month 4 have sold.
With regards to the incentives themselves, it wouldn't be unprecedented for GM to become more aggressive on them.
As an example, Mitsubishi is presently selling Evos - which live in the same price and similar performance strata - for ~6-8k under MSRP, and also offering 0% financing. The G8s living under a dead brand command less caché, I think, and have myriad other perceptual problems facing them.
While I'm not saying these aren't good cars - I wouldn't be interested in one if they weren't - I humbly submit there's a bit of a reality distortion field around here about value and pricing. That said, I think we can 'reasonably expect' the same, if not better, the longer the inventory sits on the lots.
I would generally agree with this. Boards seem to create more 'hype' and scarcity than truely meets the eye. Things drying up out West and specifically in CA make sense in that 1 in 6 folks in the US lives in CA - assuming dealers were allocated roughly the same amount of vehicles.
Any insider trading tips would be appreciated for the month of August. As for how low they can go? There is always lower than they are now as the auto industry is a train wreck right now.
I also think the G8 will live on regardless of what GM is saying right now. Think out it. Why would they tell us the G8 will be rebadged as a Chevy or a Buick today? What happens to all the current inventory of Pontiac G8's?
Tripower2 07-28-2009, 07:30 PM Not sure where you are , but I guess it depends on how far you are willing to drive to get one...
I was never interested in any of the 6 cyl cars, GXPs were more than I wanted to spend even with my GMS pricing.
So I needed to act now since my searches of inventory on the GM website showed that inventories of any GT that I would even consider buying were running very low.
A couple weeks ago I found mine and a week later GM added another 1000 bucks in rebates.... however there were no more White / Onyx & red cars within 300 miles of here by that time.
So to each their own...good luck.
There is a white with onyx/red 40 miles from you -- today. Salesman has been emailing me for a couple months about get it now before its gone......I've actually been looking for this combo but a GXP.
WHSTLR 07-28-2009, 07:36 PM While that may be so in some locales, I think this board hypes that concept more than reality supports it, and I can at the very least support that with my anecdotal evidence.
Within 300 miles of me there are 50+ G8 sedans, 50+ GTs, and 18 GXPs. 10 GXPs are A6, 8 M6. Over the past month 4 have sold.
With regards to the incentives themselves, it wouldn't be unprecedented for GM to become more aggressive on them.
As an example, Mitsubishi is presently selling Evos - which live in the same price and similar performance strata - for ~6-8k under MSRP, and also offering 0% financing. The G8s living under a dead brand command less caché, I think, and have myriad other perceptual problems facing them.
While I'm not saying these aren't good cars - I wouldn't be interested in one if they weren't - I humbly submit there's a bit of a reality distortion field around here about value and pricing. That said, I think we can 'reasonably expect' the same, if not better, the longer the inventory sits on the lots.
Well said!:judge: You will find that you are accurate and your opinion is plausible even in the midwest-west. GTOs had a different market as they were sport coupes not sedans. Also the Pontiac brand is dead therefor even if the G8 is resurrected as a Chevy etc. the current platform will hold only minimal market value due to the brand being discontinued. There are many more variables about parts etc. that could be discussed and I have seen a similar arguement on the board, but my .02 is in line with yours.:wink2:
Right now, it's $4000 combined total cash back.
We were also quoted $500 dealer cash.
And then $250 for being a Credit Union member.
Are there any other incentives?
The 0% comes out not being as good as the cash.
We do not qualify for CARS.
How much more wiggle room is there?
We are getting the GMS price, minus $4750.
Good? Bad?
Any more?
5litrarag 07-28-2009, 09:54 PM There is a white with onyx/red 40 miles from you -- today. Salesman has been emailing me for a couple months about get it now before its gone......I've actually been looking for this combo but a GXP.
What dealer?
edit - nevermind I found it. That dealer has one... true.
But its sticker price is almost 2k bucks higher than what I paid, plus tax (9.75% v. 8.75%)... Now I remember thats the reason I didnt go there.
Plus the dealer I went to in Santa Barbara had two identical cars, priced within 500 bucks of each other and I wanted to make sure if one had any damage I didn't want to deal with I'd still be likely to have a choice on hand.
5litrarag 07-28-2009, 09:56 PM Right now, it's $4000 combined total cash back.
We were also quoted $500 dealer cash.
And then $250 for being a Credit Union member.
Are there any other incentives?
The 0% comes out not being as good as the cash.
We do not qualify for CARS.
How much more wiggle room is there?
We are getting the GMS price, minus $4750.
Good? Bad?
Any more?
Those are good details. Very similar to what I had except I had a trade......find car & pull trigger.
Its not likely to get much better than that.
Tremek 07-28-2009, 10:27 PM As far as I can figure... If financing, going with the 0% is better than the rebates versus, say, a 6% loan over 5 years on a $40k GXP + TTL with either 0% or $4750 in rebates until you're putting down $10k+ up front. Is my math off?
VQ35DE 07-28-2009, 11:04 PM Right now, it's $4000 combined total cash back.
We were also quoted $500 dealer cash.
And then $250 for being a Credit Union member.
Are there any other incentives?
The 0% comes out not being as good as the cash.
We do not qualify for CARS.
How much more wiggle room is there?
We are getting the GMS price, minus $4750.
Good? Bad?
Any more?
If you use a GMS pin you will get another $1000 Employee (GMS) Bonus Cash rebate. Expires 07/31/09.
tripower 07-28-2009, 11:42 PM My guess the incentives will remain the same. In CA, the GTs and GXPs are moving and the window for pick of the litter is getting smaller.
ciron28 07-29-2009, 02:41 AM There is $1500 bonus cash if you own a Nissan/Infinity and $1000 for old age inventory. That one I believe would be the first 2009 G8's that was invoiced.
Travis
As far as I can figure... If financing, going with the 0% is better than the rebates versus, say, a 6% loan over 5 years on a $40k GXP + TTL with either 0% or $4750 in rebates until you're putting down $10k+ up front. Is my math off?
When doing the math (I was using a payment calculator) using the straight GMS Price at 0% wasn't nearly as good as getting $4750 less and going with a 5.5% for 63 months (credit union). Both payment and total paid over life of loan were less for me with the $4750 and 5.5% for 63m. It was $31/mo cheaper and total paid over life of loan was $283 less.
If you use a GMS pin you will get another $1000 Employee (GMS) Bonus Cash rebate. Expires 07/31/09.
Can you elaborate on this?
I was unable to find anything about this. I have my PIN, but if I look under current incentives (through the GMS website) it simply states for any G8 that you get $4500 Total Cash Allowances (which is what I was getting minus the $250 Credit union discount).
I would love to get another grand off, but would like to have a link or document to back it up.
Thanks,
billbillw 07-29-2009, 08:24 AM Can you elaborate on this?
I was unable to find anything about this. I have my PIN, but if I look under current incentives (through the GMS website) it simply states for any G8 that you get $4500 Total Cash Allowances (which is what I was getting minus the $250 Credit union discount).
I would love to get another grand off, but would like to have a link or document to back it up.
Thanks,
Here is a link to the brochure that outlines the extra $1k bonus.
https://www.gmfamilyfirst.com/GMVPP/content/media/pdf/flyers/2009_07_reinvention_bonuscash.pdf
This seems to indicate GM Employees.
I am not a GM employee, rather just work for a company that supplies GM, hence the GM Supplier discount.
Are these different?
Any thoughts on this?
brk_05 07-29-2009, 12:00 PM Yes, those are different and I don't think you will qualify for the extra $1,000.
G8FREAK1 07-29-2009, 02:16 PM There is $1500 bonus cash if you own a Nissan/Infinity and $1000 for old age inventory. That one I believe would be the first 2009 G8's that was invoiced.
Travis
How do I find out if the G8 im looking at qualifies for the old age inventory? Get the Vin and look it up some how??
Shinzon 07-29-2009, 08:26 PM I am not 100 percent out yet, We'll see what Oct / November brings.. Plenty of these in the NE.
ciron28 07-29-2009, 10:33 PM How do I find out if the G8 im looking at qualifies for the old age inventory? Get the Vin and look it up some how??
If you find a G8 at your dealership, you need to call or talk to them. They have to look it up. The G8 GT I am looking at has a msrp of $33,210 (premium and sport pkgs) and it had the old age bonus cash. There is 3 other G8 GT's w/same msrp (pkgs) and only 1 other qualifies for the bonus cash. I am assuming that the msrp's of $32,760 (GT w/premium pkg), $33,210 (GT w/premium and sport pkgs), and $34,110 (GT w/premium, sport pkgs, and sun roof). I also believe that it also would be on the early V6 models as well, if anyone was looking.
I hope this helps.
Travis
G8FREAK1 07-29-2009, 10:49 PM Awsome info.........will definately ask about this tomorrow..........hope the one I am looking qualifies.....7K in rebates would be better than 6K lol, thanks.
RobertHammen 07-29-2009, 11:07 PM You might try to sign off on the 31st with the understanding that they'll tear up the paperwork on the 1st if the incentives increase to your advantage...
G8FREAK1 07-30-2009, 01:04 PM Yes, I have already squared that away with the dealer.......if incentives get better Sat......( taking delivery) then they will go with new paperwork for Aug 1st.......
Tremek 07-30-2009, 01:35 PM Aren't some of the incentives not set to expire until/after 8/3?
G8FREAK1 07-30-2009, 01:41 PM Aren't some of the incentives not set to expire until/after 8/3?
dealer told me current incentives expire Aug 1
Tremek 07-30-2009, 01:48 PM It looks like the Nissan/Infiniti conquest cash and $1500 customer cash ends 8/3 - the $2500 bonus cash, $1000 old VIN cash expire 7/31, and the $750 USAA expires 12/31. Theoretically the 3.9-5.9% financing (with rebates) expires 8/3, and (again theoretically) the 0% (without rebates) expires 7/31.
G8FREAK1 07-30-2009, 02:25 PM wait, I wasnt aware there was 3.9 to 5.9 financing with rebates......is this through GM, i was quoted by dealer 5.9 through chase.......could i get 3.9 with great credit??
Tremek 07-30-2009, 02:33 PM 3.9% for 36 months, 4.9% for 48 months, 5.9% for 60 months is what I see.
G8FREAK1 07-30-2009, 03:57 PM oh ok thanks done lined up for the 5.9.
300King 07-30-2009, 04:29 PM The dealer that I am currently working a deal with told me that the August incentives would be released Monday (Aug. 3). He did not have any inside knowledge on what they would be.
OBSSSD 07-30-2009, 06:37 PM You don't have to be a GM employee I got the extra $1000 bonus cash - my brother in law is a retired GM employee in Canada. GMS -$5500 on a GXP :)
You don't have to be a GM employee I got the extra $1000 bonus cash - my brother in law is a retired GM employee in Canada. GMS -$5500 on a GXP :)
Yes, but you have to be a family member of a current or former employee. Not the same as GMS.
VRUNNER 07-30-2009, 11:14 PM While that may be so in some locales, I think this board hypes that concept more than reality supports it, and I can at the very least support that with my anecdotal evidence.
Within 300 miles of me there are 50+ G8 sedans, 50+ GTs, and 18 GXPs. 10 GXPs are A6, 8 M6. Over the past month 4 have sold.
With regards to the incentives themselves, it wouldn't be unprecedented for GM to become more aggressive on them.
As an example, Mitsubishi is presently selling Evos - which live in the same price and similar performance strata - for ~6-8k under MSRP, and also offering 0% financing. The G8s living under a dead brand command less caché, I think, and have myriad other perceptual problems facing them.
While I'm not saying these aren't good cars - I wouldn't be interested in one if they weren't - I humbly submit there's a bit of a reality distortion field around here about value and pricing. That said, I think we can 'reasonably expect' the same, if not better, the longer the inventory sits on the lots.
I have to disagree.
First, Mitsu has been giving cars away for a long time... very long time. How they remain in buisness shocks me. The EVO targets a very specific crowd, like the GXP does. Pontiac is an american icon. People that can afford, and this is the key word, afford to buy a G8 are doing so. The issue remains that most people are still more concerned about the economy so it still effects all cars sales not just the G8. Yes Pontiac is dead. It makes the car more desirable. Parts? Not a big deal. In a year or so there will be parts. I don't see the GTO crowd freaking out.
Now the rebates. They will most likely remain the same or start to shrink. GM just wrote off a ton of debt. They can breath a little easier right now. There is no longer the panic to dump cars like there was in the spring. The G8 is a very small part of the bigger GM plan. Like the GTO they will sell when the sell, no big deal.
Example. I looked at getting a new Ram 1500 this past spring. I worked out a 14k discount on a 48k Ram, loaded. But never pulled the trigger and figured the deal would get better. Well I waited... and waited... and waited some more. What did it get me? The truck equiped the way I want it is no longer near by. I would need to travel 250 miles to get it. Plus the best deal on the same truck today? 10k off!!! Thats it. There are trucks I seen in the spring that are still sitting on dealers lots, mostly odd balls. The dealers told me there is no longer a big push. The trucks will sell when they sell. Plus I was told the 2010 models are coming and don't expect any great incentives like there is currently.
If you want a G8 go get it now while they have the one you want. Own a peice of history.
G8FREAK1 07-30-2009, 11:49 PM CooL post and I agree.
blinkme323 07-31-2009, 11:39 AM Does anyone think there is a chance of 0% for 72 in August?
RACER-X 08-03-2009, 12:09 PM Now that it's 8/3, has anyone confirmed the incentives for August?
Incentives expire today. You won't see the new ones until tomorrow morning. Chances are they won't change much with the CARS program in place. I know the G8 isn't eligible but I don't think we will see much change while the program is in place. Once it's gone I'd expect rebates to rapidly increase on all Pontiacs.
RobertHammen 08-03-2009, 05:18 PM If it's anything like the GTO was, whenever GM got the old model year GTO inventory down to 1000-2000 cars, they gave the dealers a "final payoff" (which was typically the same amount of rebate incentive available the previous month, i.e. for the '04's it was $5500). That cash went to the dealer, who was not obligated to pass it on. No more incentives at that point.
The net effect for some was that prices actually went up (as dealers sat on the cars and only gave back some of the final payoff)...
Dunno if that will happen in this case, but I wouldn't expect things to get much better than they are now, quite frankly (with 2400+ sold in July and somewhere between 3k-5k remaining...)
--Robert
$4250 today. 0% financing gone too.
If it's anything like the GTO was, whenever GM got the old model year GTO inventory down to 1000-2000 cars, they gave the dealers a "final payoff" (which was typically the same amount of rebate incentive available the previous month, i.e. for the '04's it was $5500). That cash went to the dealer, who was not obligated to pass it on. No more incentives at that point.
The net effect for some was that prices actually went up (as dealers sat on the cars and only gave back some of the final payoff)...
Dunno if that will happen in this case, but I wouldn't expect things to get much better than they are now, quite frankly (with 2400+ sold in July and somewhere between 3k-5k remaining...)
--Robert
I think the difference this time is that Pontiac is gone and it wouldn't surprise me to see GM want Pontiacs off the lots and out of peoples minds. As long as they continue to sell at a similar pace to the last few months however they shouldn't have to increase incentives much and have no reason to do so really.
I agree 100% ... buy now while the selection is still there rather than gamble on a better deal. The last several months the #'s haven't really changed a whole lot -- $ just shifted around but totals about the same if you qualify for everything.
Tremek 08-04-2009, 04:10 PM Disappointing, but with 0% no longer available and the rebates worsening I suspect the sales pace of the car will slow considerably... Possibly leading to a swing in the other direction eventually. Labor Day sale, anyone?
RACER-X 08-04-2009, 05:35 PM Yeah, I would bet that sales dip considerably for August. There's just not much of an incentive to buy one right now.
jbaker2004gto 08-04-2009, 06:22 PM I've wathcing this one closely and it's kind of a stupid move. You atleast leave them the same. When you consider there was an extra $1,000 on top of normal GMS this is a big swing.
Atleast they should have sweetened the deal with a GM ExtendedFamily Card rebate.
Dan@haggertypontiac.com 08-04-2009, 06:25 PM Yeah, I would bet that sales dip considerably for August. There's just not much of an incentive to buy one right now.
Sales will dip because there are none around here. I only know of three dealers plus us (only 3) that have any left in the Chicagoland area, which is a huge radius.
All the optomistic people who will continue to hold out will find out things are down hill from here. The final pay that will eventually come on these is probably going to be nowhere near what GM had in the way of incentives a few months ago. Shoulda jumped a couple months back... if you are waiting for $10k and 0% good luck with that.
BTW, anyone who compares a Mitsubishi rebates/incentives to the G8 should ask themselves... why would anyone buy a Mitsubishi? A company that has threatened to pull outta America more than I can count in the past 10 years. In our area, Mitsubishi stores close almost as often as the Chrysler stores. Their dealer network is small and the 3-5 year residuals on them are terrible. All I see are plenty of reasons why they SHOULD offer huge rebates on their vehicles.
jbaker2004gto 08-04-2009, 06:30 PM All the optomistic people who will continue to hold out will find out things are down hill from here. The final pay that will eventually come on these is probably going to be nowhere near what GM had in the way of incentives a few months ago. Shoulda jumped a couple months back... if you are waiting for $10k and 0% good luck with that.Months back Pontiac wasn't going away. And as soon as a Pontiac rolls over the curb today the resale value is going to plummet and the cost of parts to fix the car in the future will sky rocket from existing GM dealer gouging.
Why would (or should) anyone want to buy one right now without the $10k off?
Jim
RACER-X 08-04-2009, 07:24 PM Months back Pontiac wasn't going away. And as soon as a Pontiac rolls over the curb today the resale value is going to plummet and the cost of parts to fix the car in the future will sky rocket from existing GM dealer gouging.
Why would (or should) anyone want to buy one right now without the $10k off?
Jim
+1
Pontiac couldn't move the G8 without big rebates BEFORE they went under, there is no reason to believe they will now. Bigger rebates and 0% will be back no question, IMO. There are still several thousand G8's out there, not several hundred.
TooManyHobbies 08-04-2009, 08:27 PM Months back Pontiac wasn't going away. And as soon as a Pontiac rolls over the curb today the resale value is going to plummet and the cost of parts to fix the car in the future will sky rocket from existing GM dealer gouging.
Why would (or should) anyone want to buy one right now without the $10k off?
Jim
Because they want to enjoy a fine vehicle now. They also want to make sure they get the color and options they want. GM will still be around to provide parts. The only reason parts are scarce now is because all the plants were shut down. Suppliers were also scared to ship thinking they might not get paid. Part issues will be fine shortly.
jbaker2004gto 08-04-2009, 08:45 PM Understand I am not trying to stirr the pot here, just being candid.
The damage of high rebates was done a few months back. cars bought today will suffer in value becuase of it.
As far as parts go... your kidding yourself. I own a GTO I know first hand what will happen with parts prices. Low production numbers, defunct brand will = high parts prices. Eyes wide open on that.
That said I am completely interested in owning one. Just not willing to sacrafice that much to do it.
Maybe my timing was off, but regardless this is manufactured hype and some kind of silly supply and demand money grab.
Everybody wants the best deal... dealers included but come on... it's NOT worth more now than last month or the month before.
Dan@haggertypontiac.com 08-04-2009, 09:17 PM Everybody wants the best deal... dealers included but come on... it's NOT worth more now than last month or the month before.
Exactly. People should have bought one in the past 4-5 months.
Now people who want in on the car will pay a premium for one. Should they? If they want it enough, who cares? Enjoy it! People talk about how great a value the G8 is but then in another thread the same person will talk about not buying one for more than $25k. There is that two sidedness (even a word? :) ) that really irks me. I had a guy offer me $20k for the GXP on my floor because it isn't being made anymore and it will just become another car like the G6. I frankly told him to "get the hell outta my showroom...".
The other thing about Pontiac being a defunct brand is that yes value may take an initial hit, but price a used Olds and check the price of its Chevy/Buick counter part of that year in the used car market. I bet pricing is almost exact. A used Bravada around here still fetches a good penny especially a clean AWD one.
grandmacpubah 08-04-2009, 10:42 PM the market decides what the car is worth period, supply and demand. if its true there are fewer and fewer gt's and gxp's and the demand is there the price will be more now than a few months ago...I don't see how that's so hard to understand.
Indy0809 08-05-2009, 07:04 AM In my opinion incentives will continue to decrease. Inventories of GT/GXP's are down nearly 70% from 2 months ago at the 22 Pontiac dealerships within 100 miles of where I live. I believe there will only be a handfull of GT's around at the end of September. A coworker decided to pull the trigger yesterday after August incentives were posted. As the previous post stated, supply and demand is starting to take hold. August incentives shook the tree hard and people are realizing that continuing to wait will mean higher prices and less chance to buy the exact car they want. Also, at least three of the GT's near me are demo's with 1-3k miles on the car. No way I would buy a demo ......the dealers won't reduce the price. I'm very happy with the $5,700 in incentives I received last month when I bought my GT.
smokeyjoe 08-05-2009, 08:30 AM I think the final big incentives MAY come, but by then not many GT's will be left. So if you are holding out, enjoy your V6. There are only 19 GT's available within a 100 mile radius, and that includes Nashville and Birmingham. I bought mine on June 30, and the dealer had 13 GT's on the lot, now they are down to just 1. Used GT prices are also on the rise.
Shinzon 08-05-2009, 11:20 AM I think the final big incentives MAY come, but by then not many GT's will be left. So if you are holding out, enjoy your V6. There are only 19 GT's available within a 100 mile radius, and that includes Nashville and Birmingham. I bought mine on June 30, and the dealer had 13 GT's on the lot, now they are down to just 1. Used GT prices are also on the rise.
for now.....the rock will soon be thrown into the water.
I think the final big incentives MAY come, but by then not many GT's will be left. So if you are holding out, enjoy your V6. There are only 19 GT's available within a 100 mile radius, and that includes Nashville and Birmingham. I bought mine on June 30, and the dealer had 13 GT's on the lot, now they are down to just 1. Used GT prices are also on the rise.
I agree it's possible the final big push may not come but by all means I'm not sure the holdouts will be stuck with a v6 or nothing. It's likely to depend on your region.
GT's were made about 2 to 1 for 2009 (over v6's). I was like you and originally thought that come December dealers will be stuck with hundreds of v6's but I'm not so sure right now. I still think it's highly likely the last cars to be sold will be v6's but I'm not sure it will be as badly slanted that way as most seem to think.
Take a look at the current inventories.
My 5 nearest dealers have a total of -
8 v6's
16 GT's
3 GXP's (full MSRP)
Within 75 miles of my house there is -
28 v6's
45 GT's
5 GXP's (1 is not for sale, 3 are full MSRP)
You could argue that most of the dealers in my area stayed away from v6's (I know at least 2 of the dealers avoided v6's as much as possible -- especially in the early going they stuck to all GT's) so lets try other areas...
Taking another area...
Within 300 miles of Denver there are -
28 v6's
42 GT's
and another area.....
Within 150 miles of Atlanta there are -
47 v6's
37 GT's
and another area....
Within 100 miles of Minneapolis there are -
35 v6's
47 GT's
Counting my area, 3 of 4 of those areas are heavier on GT's than v6's and 2 of those areas are close to 2 to 1 GT over v6 closely mirroring production. Definitely not scientific but not #'s I would have expected before I took a look either.
Tremek 08-05-2009, 03:10 PM I'm in the Denver area. I see the following factors leading to G8s being on lots around here for a long time:
- Snow on the ground in the next 90 days
- Cash for Clunkers (which G8s didn't even qualify for) ending soon (and the CfC bubble popping next month)
- Continued lack of recovery in the national economy
All these things lead to heavy RWD cars (some with summer tires) from a dead brand with declining incentives selling more slowly, not more quickly, IMO. I welcome arguments against this.
jbaker2004gto 08-05-2009, 07:26 PM Exactly. People should have bought one in the past 4-5 months.
Now people who want in on the car will pay a premium for one. Should they? If they want it enough, who cares? Enjoy it! People talk about how great a value the G8 is but then in another thread the same person will talk about not buying one for more than $25k. There is that two sidedness (even a word? :) ) that really irks me. I had a guy offer me $20k for the GXP on my floor because it isn't being made anymore and it will just become another car like the G6. I frankly told him to "get the hell outta my showroom...".
The other thing about Pontiac being a defunct brand is that yes value may take an initial hit, but price a used Olds and check the price of its Chevy/Buick counter part of that year in the used car market. I bet pricing is almost exact. A used Bravada around here still fetches a good penny especially a clean AWD one.
20k on GXP is just stupidity on the other direction. And understand I am not saying that a rebate should be accompanied buy 0% finance.
what I am saying is that GM devalued the car with prior months rebates and folks shouldn't stand for anything less now. If they were smart enough they would control themselves and leave them on the lot. But we all know they aren't smart.
Your right "who cares?" I your valued customer am going to really enjoy my new G8 like you said "Enjoy it!"
So now discount the car and let me keep that $1,200. Who cares right no big deal.
I have been a loyal Pontiac customer with more than 10 new car Pontiac purchases incl. G6, GTO, GranPrix, GranPrix, TransAm, Firebird, Bonneville..........
A car made in austrailia that doesn't share a huge parts bin with other state side cars rolling around aging on the road, does not compare to those Oldsmobile's. Thats reality.
And like I said I hope to own one these puppies... G8's.
Jim
wachs 08-05-2009, 07:26 PM How many GXPs in your area?.... Was that three??.... Thats what some of you guys have to understand. There isnt thousands of them out there. They only made 1829. Not too many to choose from. This debate has become rediculous. The best you can do now is get extreamly lucky or wait to buy a used one in the years to come. How about that PSM GXP out west, are they still holding out at what was it now 45..46k.
Skyview 08-05-2009, 07:45 PM I think the final big incentives MAY come, but by then not many GT's will be left. So if you are holding out, enjoy your V6. There are only 19 GT's available within a 100 mile radius, and that includes Nashville and Birmingham. I bought mine on June 30, and the dealer had 13 GT's on the lot, now they are down to just 1. Used GT prices are also on the rise.
Glad I got my GT when I did, but it's definitely regional. One single dealer here locally has at least 15 GT's all lined up in a row.
I'd love to have a GXP but think I'll just tweek my GT to get the performance I want. Maybe I can afford to get a used and well cared for GXP in a couple years.
VRUNNER 08-05-2009, 09:55 PM I'm in the Denver area. I see the following factors leading to G8s being on lots around here for a long time:
- Snow on the ground in the next 90 days
- Cash for Clunkers (which G8s didn't even qualify for) ending soon (and the CfC bubble popping next month)
- Continued lack of recovery in the national economy
All these things lead to heavy RWD cars (some with summer tires) from a dead brand with declining incentives selling more slowly, not more quickly, IMO. I welcome arguments against this.
I have said it before but no one seems to get it. G8's are unique cars!!! That is it!! Game over!!! Pack it up!!!
The cars have been selling. No, they do not sell like a Toyota or Honda. Few people know of their existance. Look at all the boards set up for this car. In GM's world the G8 is already written off, history. The levels of remaining cars are no where near what a typical production car would be at if it were main stream. Look at the G6, TONS AND TONS of them around. And it was already mentioned they plan to sell off the remaining inventory, not yet on dealers lots of G6's to rental fleets. Brands have disappeared. So has manufactures. But nothing like this, under these cirumstances... Just hasn't happened before. Olds was GM's doing and it should have been done. There where no speacial or unique cars Olds had at the time. They sold out the inventory at about 5 k rebates and that was that. Yugo, Dawoo... Thats about it. But Pontiac?? I am still in shock. A true "car guy or girl" knows this is a very unique time. Buying and owning a G8 will be and in the future be a big deal. Average Mr. and Mrs. Joe??? They could give a crap and will demand and expect unrealistic discounts because the brand is dead. All I can say is good luck.
Plus we do have an advantage. The G8 lives on down under so some parts will not be that difficult to get. Body parts may be a bit tough right now but the after market will pick up the slack down the road.
IF YOU WANT ONE AND CAN AFFORD IT GET IT NOW!!!
Snow??? I wonder how everyone got around before front wheel drive???? HMMMM..... Look if it is a DD and you get alot of snow a 4x4 or all wheel drive car would be the better choice.
Cash for clunkers... Again not aimed at the G8. You are talking apples and oranges. It would be no different if someone who wanted to by a Vette said I am not buying the Vette since it doesn't quailfy for cash for clunkers. You would never hear that, period. Same with the G8. :judge:
G8FREAK1 08-05-2009, 11:08 PM I have said it before but no one seems to get it. G8's are unique cars!!! That is it!! Game over!!! Pack it up!!!
The cars have been selling. No, they do not sell like a Toyota or Honda. Few people know of their existance. Look at all the boards set up for this car. In GM's world the G8 is already written off, history. The levels of remaining cars are no where near what a typical production car would be at if it were main stream. Look at the G6, TONS AND TONS of them around. And it was already mentioned they plan to sell off the remaining inventory, not yet on dealers lots of G6's to rental fleets. Brands have disappeared. So has manufactures. But nothing like this, under these cirumstances... Just hasn't happened before. Olds was GM's doing and it should have been done. There where no speacial or unique cars Olds had at the time. They sold out the inventory at about 5 k rebates and that was that. Yugo, Dawoo... Thats about it. But Pontiac?? I am still in shock. A true "car guy or girl" knows this is a very unique time. Buying and owning a G8 will be and in the future be a big deal. Average Mr. and Mrs. Joe??? They could give a crap and will demand and expect unrealistic discounts because the brand is dead. All I can say is good luck.
Plus we do have an advantage. The G8 lives on down under so some parts will not be that difficult to get. Body parts may be a bit tough right now but the after market will pick up the slack down the road.
IF YOU WANT ONE AND CAN AFFORD IT GET IT NOW!!!
Snow??? I wonder how everyone got around before front wheel drive???? HMMMM..... Look if it is a DD and you get alot of snow a 4x4 or all wheel drive car would be the better choice.
Cash for clunkers... Again not aimed at the G8. You are talking apples and oranges. It would be no different if someone who wanted to by a Vette said I am not buying the Vette since it doesn't quailfy for cash for clunkers. You would never hear that, period. Same with the G8. :judge:
AGREED great post
RACER-X 08-06-2009, 03:32 AM Anyone who buys one now would be foolish, GM took away some of the rebates to merely test the market. Once sales drop in August (and they will drop....) the rebates will be back. Bank on a labor day sale......
mongosG8 08-06-2009, 05:16 AM I dont know what to say about this thread. All I know is that when they are gone they are gone period.
Im considering right now to sell or trade my GT that I just purchased 3 weeks ago for a GXP. The Gxp is what I really intended on buying. I just could not have any luck finding the specific one I wanted.
As for the knuckle head who offered 20k for a GXP I would of spit my coffee out of my nose and told him the same thing..get the hell out of my showroom!
Im considering this sell or trade in not because Im unhappy with my GT its just that I would like to be one of those persons who owns one of the 1829 that were produced in 2009. Im thinking about it..not too sure if Im going to, it all depends what I can sell it for and what kind of trade in I might be able to afford. Otherwise my White Hot GT is just that..HOT!!!
JCMG8 08-06-2009, 07:49 AM interesting thread. Almost signed the line two days ago for a SRM 9.5 GT. OTD was 30.5. But could not do it knowing that prices will drop. While I know the supply is limited, there is still selection within 150mi of me. And in my case, the colors all look good.
I'll be riding a G8 GT or GXP, just not for a few months.
I found that while there is still a decent selection of G8's, most are NOT 2009.5's.
The Bluetooth is awesome.
Indy0809 08-06-2009, 08:14 AM Mongos, It sounds like you know what you need to do. GXP #'s go down every day. You may move further and further from what you want as time passes.
Tremek 08-06-2009, 12:32 PM Exactly. People should have bought one in the past 4-5 months.
That's a pretty obnoxious thing to say. I wasn't in the market for a G8 over the past 4-5 months; to infer that people have missed their chance or something is the kind of attitude that would make sure I wouldn't buy from you.
Ephesians1_4 08-06-2009, 12:40 PM I'm not going to sit here and tell you as someone who doesn't know what the future holds what to do. I can tell you from my situation, July was the month for me to buy. I have been keeping my eye on this car off and on for a while. What I can tell you is that for the price I paid, I am a very happy customer. I feel like I got something back from my hard earned tax dollars! There's nothing like getting on the interstate and giving it a little throttle and being up to speed, big change from my Civic. I had a 98 mustang V6 out of high school and was completely frustrated by the lack of power. The G8 GT is the power that I have always craved from a vehicle, with looks and comfort to boot! This car for me is really the "total package".
Dan@haggertypontiac.com 08-06-2009, 05:46 PM That's a pretty obnoxious thing to say. I wasn't in the market for a G8 over the past 4-5 months; to infer that people have missed their chance or something is the kind of attitude that would make sure I wouldn't buy from you.
You are right. I shoulda specified that people who held out due to wanting $10k off sticker or $4500+ off with a special APR should have bought one.
A person who is not ready financial is just getting a bad deal. I meant no offense to those people because I am trying to fund a wedding right now and truly understand why you posted what you did. I am sorry.
... and I wish I had a G8 to sell ya. :) Unless you want a Liquid Red GT that got egged over the weekend and needs some panels resprayed. :(
ADent 08-06-2009, 07:20 PM Look at the G6, TONS AND TONS of them around. And it was already mentioned they plan to sell off the remaining inventory, not yet on dealers lots of G6's to rental fleets.
Not only that - they are making 2010 G6's only for fleet sales.
hp246 08-06-2009, 07:42 PM Out of curiosity, What is the profit margin for a G8 to a dealer?
Shinzon 08-06-2009, 08:23 PM The Bluetooth is awesome.
100 more horsepower is awesome, bluetooth iskinda neat at best...far from making me cry if I was to get one with out it.
Shinzon 08-06-2009, 08:25 PM That's a pretty obnoxious thing to say. I wasn't in the market for a G8 over the past 4-5 months; to infer that people have missed their chance or something is the kind of attitude that would make sure I wouldn't buy from you.
The dealerman's jedi mind trick.
VRUNNER 08-06-2009, 09:46 PM Just more to think about... I have a good friend who owned a 08 Mustang GT. Unfortunatly the car was totaled a few weeks ago. He was tired of the Mustang and looked at it as a fresh start. After looking at many cars he called and asked me about my G8 GXP. I talk to him more than see him so he had not seen my car in person and other than the picture I sent him he had no idea what a G8 was. We are talking a real "car dummy". We are both in our 40's, he is single and the Mustang to him was a "me too" or "kid car", it just didn't fit him.
I told him the G8 was the car he should get. I tried to talk him into a GT since GXP's are almost gone around us and the few that remain are being sold at sticker or above. I met up with him and let him drive my car. He loved it so much I had to go right to work finding him a GXP. I lucked out and found a used one with only 1200 miles on it. The guy traded his truck on it and realized after a month that he missed his truck and traded the GXP on a new truck... oh well his loss will be my friends gain!! The car looks new as it should and he is picking it up tomorrow. We negotiated a price over the phone of 33,500. I think he will wind up at about 33,000 once he gets there. He is driving 2 hours to get it. He wasn't picky on color but I have to say looking for these cars again vs when I looked and got mine in May, there is a HUGE difference in what is availible. Most GT's are early 09 cars that have been on the lots for some time. GXP's, only 5 in 100 mile radius of NJ and again no deals and the dealers did not care. Most said they will keep them until they get their asking price, period. So take it for what its worth.
Dan@haggertypontiac.com 08-06-2009, 10:39 PM the dealerman's jedi mind trick.
lol
Tremek 08-07-2009, 10:48 AM Thanks Dan. My Mazda spun a bearing on July 3rd, and I definitely was NOT in the car market prior to that happening, and it just so happens I missed good financing and selection. So maybe I'm a little frustrated as well. :)
2 GTOs 08-07-2009, 04:18 PM You are right. I shoulda specified that people who held out due to wanting $10k off sticker or $4500+ off with a special APR should have bought one.
A person who is not ready financial is just getting a bad deal. I meant no offense to those people because I am trying to fund a wedding right now and truly understand why you posted what you did. I am sorry.
... and I wish I had a G8 to sell ya. :) Unless you want a Liquid Red GT that got egged over the weekend and needs some panels resprayed. :(
Thanks Dan. My Mazda spun a bearing on July 3rd, and I definitely was NOT in the car market prior to that happening, and it just so happens I missed good financing and selection. So maybe I'm a little frustrated as well. :)
Are you guys all made up and friends now? :)
2 GTOs 08-07-2009, 04:30 PM Thanks Dan. My Mazda spun a bearing on July 3rd, and I definitely was NOT in the car market prior to that happening, and it just so happens I missed good financing and selection. So maybe I'm a little frustrated as well. :)
If it helps any, I purchased a G8GT on June 27 with the supplier discount. If I read the below FAQs correctly, I think I can make someone else eligible for the supplier discount as well. If it helps any, let me know and I will look into it. You can see the prices an inventory (which tends to be outdated) at www.gmsupplierdiscount.com (http://www.gmsupplierdiscount.com)
One observation: I found that many GTs stickered for 34,110 and 34.090. The 34,090 had a lower supplier price by several hundred dollars and also had a sunroof. Something to do with 09 vs 09.5 and pre-price increase.
I'm sure if you negotiate hard enough, you can get the same price without the official discount.
FROM THE GM WEBSITE:
Can I share the GM Supplier Discount with friends and family? Yes. Each time you purchase or lease a new GM vehicle under the GM Supplier Discount program, you can share your supplier discount with one friend or family member. You can share pricing for up to one year from the date of your vehicle purchase. Once you obtain an authorization number, your friend or family member will have six months to use it.
Who is eligible to share supplier pricing with friends and family members? Active hourly and salaried (full- and part-time) employees of eligible GM suppliers and business associates (e.g., fleet and commercial customers), not including contract employees. Please note: To qualify for this program, you must be a resident of the United States. To determine if your company is eligible, please contact your HR department.
Does my friend or family member have to take delivery by a specific date? You have up to one year from the date of your vehicle purchase or lease to request an authorization number, and your friend or family member has six months from the authorization number's date of issue to take delivery of their vehicle and get the GM Supplier Discount price.
What information do I need from my friend or family member to request an authorization number for them? You will need their date of birth and ZIP code.
How do I get an authorization number for my friend or family member? You have two options: Go to the home page, enter your Company Code, log on and click on the "Share Your Discount" link from the left navigation bar. Request an authorization number for your friend or family member by entering their information and following the prompts. Or you can call us here at 1-800-960-3375.
What will my friend or family member need to take to the dealership, and do I have to go with them? All they need is the special authorization number you acquired for them and their photo ID. You do not have to go to the dealership with them.
Can my friend or family member order a vehicle and still receive the GM Supplier Discount price? Yes, if they take delivery of their vehicle on or before their authorization number expires, six months from its date of issue.
1SicVic 08-07-2009, 06:33 PM so the G8 I just looked at is the OTD price of32663.61 I offered 28000 OTD cash and the just looked at me like i was crazy and said they would be taking a loss on that price and didnt even try to work with me. Was that offer really that out of line?
jbaker2004gto 08-07-2009, 06:44 PM to them yes, they are of the mindset that are going to give you nothing more than what GM is offically offering in rebates and suplier pricing.
they aren't taking any kind of loss on that offer you made them.
Here is one for you... I asked for current rebates + my GMS and $15k for 5,700mile 2004 GTO. and they won't agree. Does that make sense ?
1SicVic 08-07-2009, 06:54 PM best part is the car has been on there lot since febuary
jbaker2004gto 08-07-2009, 08:08 PM I'll better that one the one I offered on was on the lot since Aug 2008. They also have another GT and a V6.
This is compeltely true. They are are a bunch of a** hats.
2 GTOs 08-07-2009, 08:26 PM so the G8 I just looked at is the OTD price of32663.61 I offered 28000 OTD cash and the just looked at me like i was crazy and said they would be taking a loss on that price and didnt even try to work with me. Was that offer really that out of line?
Do you mean that you offered 28 including tax and tags? So that would be 26K for a car with a sticker of 32.6?
One observation: I found that many GTs stickered for 34,110 and 34.090. The 34,090 had a lower supplier price by several hundred dollars and also had a sunroof. Something to do with 09 vs 09.5 and pre-price increase.
Actually $34,110 cars had a sunroof and $34,090 cars did not.
1-series vins were $34,110 with all 3 options.
2-series vins had the $880 price increase and were $34,990 with all 3 options.
A 2-series WITHOUT roof is $34,090.
3-series vins have bluetooth and are $35,190 fully equipped.
Later there was a destination charge increase from $685 to $750 so it's possible there are $35,255 cars out there but I haven't seen any.
1SicVic 08-07-2009, 10:10 PM Do you mean that you offered 28 including tax and tags? So that would be 26K for a car with a sticker of 32.6?
yes it includes tax. I dont care if they tag the car or not ill go to the DMV myself. I just want the car and the title. they wanted $32600 out the door i offered 28K out the door.
Proflig8tor 08-08-2009, 07:42 AM $28.3 is the best I can find BEFORE tax and title.
Found a $26.8K program car with 500'ish miles, 500 miles away.
A little disappointed that GM took some of the money off the table, seeing as what I'm giving them via Uncle Sam. Also more than a little miffed that GM's pulling the plug on one of the three vehicles they brand that I'd own.
2 GTOs 08-08-2009, 07:58 AM Actually $34,110 cars had a sunroof and $34,090 cars did not.
1-series vins were $34,110 with all 3 options.
2-series vins had the $880 price increase and were $34,990 with all 3 options.
A 2-series WITHOUT roof is $34,090.
3-series vins have bluetooth and are $35,190 fully equipped.
Later there was a destination charge increase from $685 to $750 so it's possible there are $35,255 cars out there but I haven't seen any.
My mistake, yes this sounds corect. I ended up finding a 1 series with a roof and purchased it under the supplier program. The supplier prices of the 1 series with a roof was several hundred dollars cheaper than the 2 series WITHOUT roof.
Thanks for clarifying this. I just remember being really confused by the supplier pricing but I guess the fact that the supplier pricing is a function of the invoice price makes this so much more obvious.
Dan@haggertypontiac.com 08-08-2009, 09:14 AM so the G8 I just looked at is the OTD price of32663.61 I offered 28000 OTD.... Was that offer really that out of line?
Totally.
Where are they going to get $4,000 in mark up?
smokeyjoe 08-08-2009, 09:24 AM Totally.
Where are they going to get $4,000 in mark up?
Maybe from their solstice gxp coup. :boink:
1SicVic 08-08-2009, 12:20 PM Totally.
Where are they going to get $4,000 in mark up?
I don't care where they get it i just want the damn car haha :driving:
jbaker2004gto 08-08-2009, 02:45 PM Totally.
Where are they going to get $4,000 in mark up?So Dan tell us why the dealer are being so stupid. Look at the deal I posted.
They actually comitted to $15k trade in on a 5,700mi cherry GTO, untill they found out I was going GMS. Then they didn't like the deal anymore.
So what did the dealers get a memo ??? or what they just get sour grapes cause it's a good deal for the buyer
Jim
Dan@haggertypontiac.com 08-08-2009, 04:40 PM So Dan tell us why the dealer are being so stupid. Look at the deal I posted.
They actually comitted to $15k trade in on a 5,700mi cherry GTO, untill they found out I was going GMS. Then they didn't like the deal anymore.
So what did the dealers get a memo ??? or what they just get sour grapes cause it's a good deal for the buyer
Jim
Your car sounds super nice and GTO's have been bringing good money at the auction, which is a direct reason on trade pricing.
Some dealers seem to work off a cash difference which is a sale price minus trade before rebates/cash down/TTL. They probably were only putting a $13.5k ACV into your car and taking the rest off in their profit. When you said GMS, their profit margin changed and therefore will be unable to give you that for the trade. $15k for your car is a good amount considering we took one in with 8k miles and an 06' for $2k more. Like I said before though, GTO's are going to be going up IMO as more and more get wrecked and beat on.
jbaker2004gto 08-08-2009, 08:48 PM Your car sounds super nice and GTO's have been bringing good money at the auction, which is a direct reason on trade pricing.
Some dealers seem to work off a cash difference which is a sale price minus trade before rebates/cash down/TTL. They probably were only putting a $13.5k ACV into your car and taking the rest off in their profit. When you said GMS, their profit margin changed and therefore will be unable to give you that for the trade. $15k for your car is a good amount considering we took one in with 8k miles and an 06' for $2k more. Like I said before though, GTO's are going to be going up IMO as more and more get wrecked and beat on.
GMS starts the G8 price at just uner $2k from sticker.
At that point "Dealer" gets paid a flat rate. They were already quoting me suplier price, which narrowed the different to about $1K. Under GMS the dealer gets approx. $540 flat rate on that car (Dan if I am wrong correct me) but I have seen the dealer paperwork showing it.
So the difference in that deal is $500 give or take. That is before the dealer incentives he gets.
He told me he was taking a beating on the GTO... so........
In orger to close the deal I urged him to pass the GTO directly into a wholesalers hand and he refused. Which is a huge BS flag. If a dealer is sacraficing a trade-in for sake of selling a car, he makes sure it never see's his lot, cause that costs him money.
He knew damn well he was going to make money on the sale of that GTO. Likely $2-$3k. And he wasn't getting hurt so bad on the G8, although I don't disagree that the frosting wasn't so sweet.
Jim
smokeyjoe 08-09-2009, 10:32 AM All I have to say, at under $30K for a loaded GT, no one should be bitchin about the price point or whining too much about losing a grand in incentives over last month. These are great cars that will soon be gone. I have been waiting many years for a car like this to be available and am happy as heck I got mine.
josh_4184 08-09-2009, 11:36 AM All I have to say, at under $30K for a loaded GT, no one should be bitchin about the price point or whining too much about losing a grand in incentives over last month. These are great cars that will soon be gone. I have been waiting many years for a car like this to be available and am happy as heck I got mine.
I agree that the G8 is a great value epecially under 30k that they are being sold for, but I do find it ironic how dealers have no problem squeezing every dollar out of their customers when the economy is right, cars are hot (new camaro, g8 when it was new) they had no problem asking for over MSRP. But when the times get tuff and the buyers get all the leverage, we are the bad guys because the dealers aren't making as much on each sale. I had one salesman actually told me that he had to feed is family, and the price I was asking to get the car for was not reasonable, this was when I leased my trailblazer. So because of this, I have developed a very bitter attitude towards dealers.
Note, not all dealers are like this, but I have found many GM dealers that are.
G8FREAK1 08-09-2009, 08:57 PM You are right. I shoulda specified that people who held out due to wanting $10k off sticker or $4500+ off with a special APR should have bought one.
A person who is not ready financial is just getting a bad deal. I meant no offense to those people because I am trying to fund a wedding right now and truly understand why you posted what you did. I am sorry.
... and I wish I had a G8 to sell ya. :) Unless you want a Liquid Red GT that got egged over the weekend and needs some panels resprayed. :(
With all this talk of 30-32K OTD I feel very good with my 29K OTD. Likei said what a car for the price.
so the G8 I just looked at is the OTD price of32663.61 I offered 28000 OTD cash and the just looked at me like i was crazy and said they would be taking a loss on that price and didnt even try to work with me. Was that offer really that out of line?
What was MSRP? And how many GM card points did you have?
I don't think anyone can say whether $28k is crazy or not without this info.
Shinzon 08-10-2009, 12:33 PM the best I had it was 25,500 for sport and premium in June, with the 3k round in gm points.
I still walked, not because it wasn't a fun car. I was just looking for a good deal. I have my reservations about parts, depreciation-dead brand, wheel shake etc. One year from now I am curious to see what a 2009 G8 will get you used with 12 kmi on the odo.
IF I was in love with it and going to keep it for a while I would snatch one up but I don't think I'm in love with it. I would though consider it if the rebates came back strong.
flyinthebuff 08-17-2009, 04:29 PM I'm with Josh and Shinzon. I like these cars a lot but I'm not stone in love due to depreciation and parts. I know the Holden's will still be there but they're not here and if you've ever had parts shipped from Australia, I have, it ain't cheap! Furthermore, the salespeople see my mil id and want to sling me an extra $250 off but not before they try to take away incentives and or not give me invoice. It's like oh you have job security, how dare you not buy this car and take food out of my mouth. Left me with a bad feeling so I walked.
PS, what is GMS?!
jbaker2004gto 08-17-2009, 04:53 PM GMS = GM Employee Pricing
RobertHammen 08-20-2009, 03:44 PM Actually $34,110 cars had a sunroof and $34,090 cars did not.
1-series vins were $34,110 with all 3 options.
2-series vins had the $880 price increase and were $34,990 with all 3 options.
My 207xxx VIN Sport/Premium/Roof had the $34,110 MSRP, FYI.
minytrker 08-20-2009, 05:49 PM to them yes, they are of the mindset that are going to give you nothing more than what GM is offically offering in rebates and suplier pricing.
they aren't taking any kind of loss on that offer you made them.
Here is one for you... I asked for current rebates + my GMS and $15k for 5,700mile 2004 GTO. and they won't agree. Does that make sense ?
$15k for a 04 GTO???? Thats crazy. You can buy 05 LS2 GTO's for that. I wouldnt think a dealer would ever pay that for a 04 GTO.
G8FREAK1 08-20-2009, 06:10 PM $15k for a 04 GTO???? Thats crazy. You can buy 05 LS2 GTO's for that. I wouldnt think a dealer would ever pay that for a 04 GTO.
Not so sure about that considering he said ONLY 5700 miles..........
jbaker2004gto 08-20-2009, 07:12 PM $15k for a 04 GTO???? Thats crazy. You can buy 05 LS2 GTO's for that. I wouldnt think a dealer would ever pay that for a 04 GTO.five thousand seven hundred miles on the car. And he has no plans on passing it directly to a wholesaler. the thing is a cherry.
He'll sell it off the lot for $17k. and if you can buy an 05 LS2 GTO with 5,700 miles for $15 off the lot I want to see it. Think 20-30k miles for $15k.
Not sure where youy comming up with your value but.... but book value on an 04 with 5,700 miles is $16.9 retail price.
Do you still think thats crazy ??
minytrker 08-20-2009, 09:15 PM five thousand seven hundred miles on the car. And he has no plans on passing it directly to a wholesaler. the thing is a cherry.
He'll sell it off the lot for $17k. and if you can buy an 05 LS2 GTO with 5,700 miles for $15 off the lot I want to see it. Think 20-30k miles for $15k.
Not sure where youy comming up with your value but.... but book value on an 04 with 5,700 miles is $16.9 retail price.
Do you still think thats crazy ??
Im sorry you are right, I can't buy a 05 LS2 GTO with that low of miles for $15k but I would rather have a year newer and a LS2 with 30k vs a 04 LS1 with 5700 miles. Used cars arent going for retail right now, go on the vette forum and see what vettes are being sold for and be thankful you dont own a vette. I would never pay retail for a used car anyways. Im not saying they couldnt sell your car for $17k but that would be a very hard sell. They would just have to find that person looking for something like that, almost like a modded car.
I am not a dealer or anything but I do buy and sell alot of cars, and make money doing it. I have had over 50 cars already and Im 30, so Im not totally new to the car scene.
I wish you the best of luck I and do hope you get what you want for your car. There is always a buyer for every car out there.
jbaker2004gto 08-21-2009, 06:14 PM Im sorry you are right, I can't buy a 05 LS2 GTO with that low of miles for $15k but I would rather have a year newer and a LS2 with 30k vs a 04 LS1 with 5700 miles. Used cars arent going for retail right now, go on the vette forum and see what vettes are being sold for and be thankful you dont own a vette. I would never pay retail for a used car anyways. Im not saying they couldnt sell your car for $17k but that would be a very hard sell. They would just have to find that person looking for something like that, almost like a modded car.
I am not a dealer or anything but I do buy and sell alot of cars, and make money doing it. I have had over 50 cars already and Im 30, so Im not totally new to the car scene.
I wish you the best of luck I and do hope you get what you want for your car. There is always a buyer for every car out there.
Dealer called me yesturday and bought the stock wheels and tires from me as he has sold the car....... Tough sell I guess
See what I hadn't shared before posting was that I picked up my G8 last saturday after trading in my GTO. he had it less than a week. And I got a little over 15k on trade in.
we learn something new everyday I guess.
minytrker 08-21-2009, 07:47 PM Dealer called me yesturday and bought the stock wheels and tires from me as he has sold the car....... Tough sell I guess
See what I hadn't shared before posting was that I picked up my G8 last saturday after trading in my GTO. he had it less than a week. And I got a little over 15k on trade in.
we learn something new everyday I guess.
Congrats on the new G8! I still cant believe they bought it and sold it that fast. But hey someone has to pay retail, just not me, lol.
Like I said there is a buyer for every car, I am really surprised. You got 15k on trade in but how much below sticker did you pay for the G8, should have paided 4-8k below? I hope they didnt make it up on the new car price.
I have seen dealers play the number game on paper and make people think they got "x" amount for there trade but then just charge them more for the new car. I had a friend who got really took when she traded in her mustang when they played the numbers game. Once again contrags on the G8, hope you like it, Im really enjoying mine.
jbaker2004gto 08-21-2009, 09:15 PM thats the thing, I don't care where he puts the numbers on a piece of paper. Think of it this way I get a 09 GT Leather etc. out the door and give up 10k and my GTO.
I don't care, I know the bottom line.
Jim
Dan@haggertypontiac.com 08-21-2009, 10:15 PM Congrats on the new G8! I still cant believe they bought it and sold it that fast. But hey someone has to pay retail, just not me, lol.
Like I said there is a buyer for every car, I am really surprised. You got 15k on trade in but how much below sticker did you pay for the G8, should have paided 4-8k below? I hope they didnt make it up on the new car price.
I have seen dealers play the number game on paper and make people think they got "x" amount for there trade but then just charge them more for the new car. I had a friend who got really took when she traded in her mustang when they played the numbers game. Once again contrags on the G8, hope you like it, Im really enjoying mine.
Our GTO trade-ins do not last long at all either... two maybe three days on the average.
tripower 08-21-2009, 11:39 PM Our GTO trade-ins do not last long at all either... two maybe three days on the average.
That sounds about right. The dealer I bought my G8 from had a twin to my GTO that they took on trade. They gave the guy 17K for it as it was spotless but didn't take much off sticker on the G8 GT he replaced it with. The dealer said they car lasted maybe a week before a kid saw it and paid 20K for it off the lot. I think the GTOs are starting to get hot and may be at the point where the values stabilize and possibly even go up a bit.
2 GTOs 08-22-2009, 07:25 AM That sounds about right. The dealer I bought my G8 from had a twin to my GTO that they took on trade. They gave the guy 17K for it as it was spotless but didn't take much off sticker on the G8 GT he replaced it with. The dealer said they car lasted maybe a week before a kid saw it and paid 20K for it off the lot. I think the GTOs are starting to get hot and may be at the point where the values stabilize and possibly even go up a bit.
I think the GTO has now reached a price point that opens it up to a whole new class of buyers. I am seeing a lot of kids buying them used in my area. I just hope they are careful. I remember seeing so many wrecked on LS1gto.com when they first came out. It's a lot of car for a new driver.
$15k for a 04 GTO???? Thats crazy. You can buy 05 LS2 GTO's for that. I wouldnt think a dealer would ever pay that for a 04 GTO.
I was allowed $16K for my 2004 GTO with 33K miles last November in trade on my G8.
For only $16K, I wish I had just kept it and bought the G8 outright.
The '04 GTO was a much better car than the '05 IMO.
thegreatob 08-25-2009, 05:52 PM I hoping to do a deal on Labor Day weekend. I would like a MSM GT with all the options. You guys have any clue about what I can expect next month for incentives or what deals can be made? I had a deal sewed up in May but it fell through. It's Labor Day weekend or never for me.
G8BLBYU 08-25-2009, 06:17 PM I hoping to do a deal on Labor Day weekend. I would like a MSM GT with all the options. You guys have any clue about what I can expect next month for incentives or what deals can be made? I had a deal sewed up in May but it fell through. It's Labor Day weekend or never for me.
Not sure what G8 GT inventory looks like in your area, but my dealer has no GTs, just three V6's. And there are only three GTs within 100 miles according to the Pontiac website.
Good luck!
G8FREAK1 08-25-2009, 07:24 PM It is doubtful the incentives will go back to July levels............we have seen the best already IMHO
idareu 08-25-2009, 09:44 PM I think it might be safe to say that the June level of rebates for a gm employee with the family first bump up was the height of money off.
I got almost $11,000 off msrp.
hp246 08-25-2009, 10:02 PM Not just Pontiac, but now that all the companies have blown their****, with Cash for Clunkers, what is goning to keep them going for the next couple of years? Seems like everyone I know with a job bought a new car the past three weeks.
tripower 08-25-2009, 11:06 PM I think the GTO has now reached a price point that opens it up to a whole new class of buyers. I am seeing a lot of kids buying them used in my area. I just hope they are careful. I remember seeing so many wrecked on LS1gto.com when they first came out. It's a lot of car for a new driver.
I agree. At late model Goat gatherings the median age seems to be going down. They're going to start calling me "pappy" soon! LOL The GTO is a lot of car for any age driver.
I was allowed $16K for my 2004 GTO with 33K miles last November in trade on my G8.
For only $16K, I wish I had just kept it and bought the G8 outright.
The '04 GTO was a much better car than the '05 IMO.
Why do you consider the 04 GTO a better car than the 05/06? They are identical except the 05/06 has the upgraded power train and better brakes. I'm not sure how that would make the later GTOs "lesser" cars than the 04. Personally I like them all. I drove an 04 and IMO it was decent. The upgrades to the 05 plus the visual changes are what got me to buy though. :driving:
G8FREAK1 08-26-2009, 07:37 AM I think it might be safe to say that the June level of rebates for a gm employee with the family first bump up was the height of money off.
I got almost $11,000 off msrp.
Cool, $ 7,000 off for us ( non gm employee) was great for me.......:)
G8FREAK1 08-26-2009, 07:38 AM I agree. At late model Goat gatherings the median age seems to be going down. They're going to start calling me "pappy" soon! LOL The GTO is a lot of car for any age driver.
Why do you consider the 04 GTO a better car than the 05/06? They are identical except the 05/06 has the upgraded power train and better brakes. I'm not sure how that would make the later GTOs "lesser" cars than the 04. Personally I like them all. I drove an 04 and IMO it was decent. The upgrades to the 05 plus the visual changes are what got me to buy though. :driving:
Yea, I dont understand statements like that either......sounds like someone has LS2 envy.............
Ephesians1_4 08-26-2009, 10:05 AM Yea, I dont understand statements like that either......sounds like someone has LS2 envy.............
I agree, but I don't know too much about these cars, so didn't want to sound dumb?
Seriously, is there anything better about the 04 than the 05/06 GTO? I was wondering if there was more aftermarket parts or something for the 5.7.
tripower 08-26-2009, 10:56 AM I agree, but I don't know too much about these cars, so didn't want to sound dumb?
Seriously, is there anything better about the 04 than the 05/06 GTO? I was wondering if there was more aftermarket parts or something for the 5.7.
The whole LS series of GM engines have hugh GM Performance and aftermarket support. That being said an LS1 can be made to easily match the power of the LS2/LS3s.
As stated above, all GTOs are essentially the same. The 05 addressed some criticisms/short comings that were reported on the 04s such as improved braking and more power as well as trying to make the car look more 'muscular" by splitting the duals to either side of the rear bumper and adding the faux hood scoops. As I said, I like them all but whould like to understand the comment about the 04 being the "better" car.
The upgrades to the 05 plus the visual changes are what got me to buy though. :driving:
Personally, I thought the quality of the materials used in the '04 interior were visibly better than the later models. I also think the the exterior color palette for '04 was better than the later models. The G8 interior also has lower quality material compared to the '04 GTO, and they made the same mistake with the exterior color palette - they dropped the best colors after only one or two production runs.
Styling is subjective, but I thought they took a clean looking, low key, car in the '04 GTO and ruined it. I thought the fake hood scoops looked cheesy and out of place on the car, and the rear end treatment bordered on ricey.
The fake scoops on the G8 are also cheesy - the car would look much better with a flat hood.
Yea, I dont understand statements like that either......sounds like someone has LS2 envy.............
Envy is a real destructive emotion that I personally avoid. It's hard to be happy if you go around resenting and coveting what others have.
Besides, these are Pontiacs we're talking about - it's not like they are expensive cars - there is no reason to be envious of one. If you want one, just go and buy it!
Indy0809 08-26-2009, 03:13 PM I hoping to do a deal on Labor Day weekend. I would like a MSM GT with all the options. You guys have any clue about what I can expect next month for incentives or what deals can be made? I had a deal sewed up in May but it fell through. It's Labor Day weekend or never for me.
If possible, I would take advantages of the incentives available now. I wouldn't count on September incentives to be better than August. It sounds like you're not serious about purchasing a GT G8 if your concerned about squeezing a few more dollars out of the price. The inventory of GT G8's goes down every day. I bought a loaded MSM GT (had an aftermarket twin vent power inbuilt sunroof installed. Superior to the factory sunroof). I hope you get what you're looking for.
tripower 08-26-2009, 11:09 PM Personally, I thought the quality of the materials used in the '04 interior were visibly better than the later models. I also think the the exterior color palette for '04 was better than the later models. The G8 interior also has lower quality material compared to the '04 GTO, and they made the same mistake with the exterior color palette - they dropped the best colors after only one or two production runs.
Styling is subjective, but I thought they took a clean looking, low key, car in the '04 GTO and ruined it. I thought the fake hood scoops looked cheesy and out of place on the car, and the rear end treatment bordered on ricey.
The fake scoops on the G8 are also cheesy - the car would look much better with a flat hood!
I didn't really see much of difference in materials. Maybe there was a supplier change somewhere along the line. I'd agree with the comment that the G8s interior doesn't seem on par with the GTOs. As far as colors it sounds like you like the "fringe" colors as in the case of the GTO and G8 they went with more middle of the road and generally more accepted colors to the general buying public in 2nd year runs.
Many would beg to differ on your view of the styling of the 04 GTO. Traditionalists said it wasn't retro and others said it looked like a bloated Cavalier. The critricism is what prompted the changes. I don't mind the scoops on the GTO but I do prefer the 04 bumper when its modified for split duals. That is how they should have done the rear bumper from the factory IMO. I would't call the 05/06 rear treatment "ricey" though. :) I do agree that the G8 would be much cleaner with a flat hood.
As you said - They're all Pontiacs. I like them all and to each his own as there's a model for all tastes. Of course I have my bias towards the 05/06 and you have yours to the 04. In the end were all members of the same "Pontiac tribe".
Well if anyone is in the Little Rock, AR area this weekend 8-28 thru 8-31. The dealer here is offering new G8 GT loaded except roof for $25,995. Not too bad for a brand new one!
jbaker2004gto 08-29-2009, 10:51 AM nothing special there, that going rebates and pricing, except he has one. Dealer here as 2 GT's instock
ZeeTwentyFour 08-29-2009, 10:56 AM I went into a local dealer on Long Island yesterday to check out the pricing. They started at $34K then took off $3500 + college grad pricing (supplier) and had 6.XX% interest financing or you could not take the rebate and do 2.XX% finance. The salesman said there is also a new incentive coming out labor day.
When I go to the college grad website and build a car from the link they give me, I get about a $1000 discount from college student (supplier pricing) and then it says "Cash Allowance: Up to $4,250 cash back" bringing my grand total for a new G8 GT to $28,489! anyone actually get a price close to this?
RACER-X 08-29-2009, 07:44 PM So have any of the incentives for Sep leaked yet? I'm hoping for 0% over 72 again.
Ephesians1_4 08-29-2009, 09:50 PM I went into a local dealer on Long Island yesterday to check out the pricing. They started at $34K then took off $3500 + college grad pricing (supplier) and had 6.XX% interest financing or you could not take the rebate and do 2.XX% finance. The salesman said there is also a new incentive coming out labor day.
When I go to the college grad website and build a car from the link they give me, I get about a $1000 discount from college student (supplier pricing) and then it says "Cash Allowance: Up to $4,250 cash back" bringing my grand total for a new G8 GT to $28,489! anyone actually get a price close to this?
I paid 28,000. My trade was worth 6k, so that put me down to 22,000. Then I financed in tire and wheel insurance, and extended my 3yr 36 to 5yr 75k bumper to bumper. I think I financed a total of 23,5xx. Not really sure. I'm absolutely ecstatic over the deal I received. I know some did better, but I'm really happy with my purchase.
ZeeTwentyFour 08-30-2009, 01:52 PM I paid 28,000. My trade was worth 6k, so that put me down to 22,000. Then I financed in tire and wheel insurance, and extended my 3yr 36 to 5yr 75k bumper to bumper. I think I financed a total of 23,5xx. Not really sure. I'm absolutely ecstatic over the deal I received. I know some did better, but I'm really happy with my purchase.
I would be too! congrats and good luck with it.
| |