http://www.autoblog.com/2007/06/19/rumormill-pontiac-g8-gt-to-be-under-35k/

Who knows....

TheGMSource is nothing but an enthusiasts site making speculations just like we do on this forum they don't really have any facts. It's like me predicting that the new CTS will be priced below $35k. Well obviously it's going to be below $35k the question is how much below $35k.

I agree. I just found the bold part where they supposedly talked to someone inside GM interesting.

Hasn't GM said it would be in line with the charger? If a R/T sells for 31-32 base, I would guess the G8 to hit that spot. Same for the GXP when it comes out, probably around 38K base. That would also put the base 6 cyl starting at around 21-22.

We are all just in a holding pattern, waiting on GM and Pontiac to get off their duffs to start marketing and selling the car.

They aren't trying too hard right now.

Judging by the fact that there are already two full-time G8 websites and gobs of articles and videos all over the internet....I don't think GM has to do much more to keep interest peaked. LOL

How many G8s have they sold?....none. These cars are already sold all over the world under different badging. If this is a world platform car we could only wish they were smart enough to develop left hand drive US models along with the RHD models.

Several of the best videos and full bore test drives are of Aussie and European models that can bought and enjoyed by the public. Kind of like GM giving us the finger.

There is only guessing and speculation on pricing because of a lack of action from GM, hence the frustration from prospective buyers.

Yep, all this waiting & lack of GM released information sucks! GM is too busy in their ivory tower!

Yep, all this waiting & lack of GM released information sucks!

:iagree: +1

How many G8s have they sold?....none. These cars are already sold all over the world under different badging. If this is a world platform car we could only wish they were smart enough to develop left hand drive US models along with the RHD models.

Several of the best videos and full bore test drives are of Aussie and European models that can bought and enjoyed by the public. Kind of like GM giving us the finger.

There is only guessing and speculation on pricing because of a lack of action from GM, hence the frustration from prospective buyers.

And just wait for the US GM Dealers to get out their "gouging" wand. They'll ruin the first 6 months sales period by pushing the Recommended Retail Price Notice way over the top. I reckon it will be the GTO exercise all over again.


Mike

And just wait for the US GM Dealers to get out their "gouging" wand. They'll ruin the first 6 months sales period by pushing the Recommended Retail Price Notice way over the top. I reckon it will be the GTO exercise all over again.


Mike
Keeping my fingers crossed that won't happen again...not holding my breath though.

I refuse to pay sticker or above!

And thanks to you the car will devalue like nothing else. Getting a car for cheaper is all good and fun, until you try and sell it.

Sell it? No...drive it until the Devil wouldn't have it.

Why would anybody buy a new car and worry about resale value? You should already know that $5k-$9k depreciation happens to most every car when you drive it off the lot. I've only seen a few cars depreciate less than that, usually because of kids on crack financing way too much. If you are that thrifty then you would buy a slightly used one.

I plan on haggling the dealer into submission.

And thanks to you the car will devalue like nothing else. Getting a car for cheaper is all good and fun, until you try and sell it.
Huh? Could you please explain your rationale?

I don't pay sticker for cars and neither has anyone I've ever known. My mom actually got money off a Saturn...yeah I know...they don't haggle there.:secret:

Ok here is my Rational. Simple Math

Sticker 35k
Depreciation first year, 20%

You, and everyone else pays 32k for it
So now you get depreciation of 20% on 32k.
So after one year the car is worth $25,600, instead of 28,000.

There is a reason BMW's hold their value so much. It's cause they don't offer insane rebates. You are especially screwed if you buy a car new at mrsp, and then they bring out rebates afterwards (common on american cars). Why buy a used one for 28k, when you can get a new one for almost the same price.

It reminds me of the SRT-8 vehicles. (similiar situation happened to GTO's) They come out, people charge more than MSRP. A few people buy them, now they are offering 3500 off a dodge charger srt-8. Wow, that will crap out the resale values.

Moral of the story, if everyone bought the car at msrp, the cars value would hold alot better. But since no one does that, everyone haggles, which drops your dollar output towards the vehicle, but when you sell it you get less for it.

And to the guy who said "Sell it?". You honestly buy a car and don't think about the future value of it? Imagine if you did that with stocks, or your house. Your "net worth" won't be very high if you don't care about the future value of things you purchase :(

Barrock, you're still losing me here.

So what you are saying is that I should pay sticker and that depreciation is caused by my haggling. That's not how it works.

People will pay what they think something is worth. The manufacturer will try to sell high. If it doesn't sell they'll take some $$$ off until it does. It's a balancing act. The manufacturer wants to maximize profit. Dealers mark up new cars to try to maximize their profit because there is always some idiot who wants it first...and is willing to pay for it.

Using Chrysler as your example is especially flawed as anyone who knows anything about cars knows that Chrysler had a glut of cars in 2006 and had to make HUGE discounts.

I don't buy cars thinking of the future value of it. Cars are a BAD investment. BAD, BAD, BAD!!! The only vehicle that you should be buying as an investment is a Ferrari.

In the current market, houses are a bad investment too. Heck, home prices have decreased nearly 25% down here in this bloated market.

I was saying that I personally buy a car to use it, not sell it.

I actually have net worth. I'm one tight SOB with my money...If you buy a car, drive the hell out of it, that's how you get your money's worth.

BMW's are cheap in markets where there are plenty of them. In the Cincy area, 2-3 year old BMWs have already lost 30-40% of their sticker price because there are plenty of them on the market. In Indy, the same car would cost $5k more because there are fewer of them. Supply and demand.

Cars are not an investment, they are an expense. Don't look at them as one.

Ok here is my Rational. Simple Math

Sticker 35k
Depreciation first year, 20%

You, and everyone else pays 32k for it
So now you get depreciation of 20% on 32k.
So after one year the car is worth $25,600, instead of 28,000.

35 - 28 = 7

32 - 25.6 = 6.4

So even using numbers you pulled out of your ass it still doesn't make sense to pay MSRP.

Resale value isn't a set percentage, its a function of demand, and maintaince costs. Your car will cost 25K next year no matter what you pay.

BMWs have higher resale because they are expensive, and have huge demand.

Never said cars are investments. Or if I did, I didn't mean it that way. They lose value quickly and in huge gobs, especially the first few years. But one of the reasons I have strayed from American cars is their horrible resale values. I swear, only corvettes hold any value.

Yes, resale is a function of supply and demand but BMW's, which don't offer insane rebates, hold their value as well as any other car if not better, and it seems that is over the whole nation, even in cities were they have a supply of them.

By all means buy it as cheap as you can get. If you plan to run it into the ground, thats the way to do it! But some of us like new cars now and then and hate getting jacked on depreciation. Switching cars is a crappy hobby :(

I guess I should hope then, that you guys buy it new, and lower than MSRP so I can get a used one in a few years for cheaper than if you all paid MSRP. Woots :)

Never said cars are investments. Or if I did, I didn't mean it that way. They lose value quickly and in huge gobs, especially the first few years. But one of the reasons I have strayed from American cars is their horrible resale values. I swear, only corvettes hold any value.

Yes, resale is a function of supply and demand but BMW's, which don't offer insane rebates, hold their value as well as any other car if not better, and it seems that is over the whole nation, even in cities were they have a supply of them.

By all means buy it as cheap as you can get. If you plan to run it into the ground, thats the way to do it! But some of us like new cars now and then and hate getting jacked on depreciation. Switching cars is a crappy hobby :(

I guess I should hope then, that you guys buy it new, and lower than MSRP so I can get a used one in a few years for cheaper than if you all paid MSRP. Woots :)

If you like to be in a new car every few years the worst thing you can do is buy one, lease it and haggle the residual.

People haggling and getting the car cheap isn't what causes resale value to tank. It's the rebates that everyone knows about that causes the resale to tank. But there are other factors such as supply and demand, how well the car holds up after a few years and etc. Can't just blame initial sale price for low residual.

The smartest thing you can do to get the best possible resale is to haggle for the lowest price, not pay MSRP. People that get burned on resale are the folks who pay full price or more, no one cares how much over MSRP you paid when you go to sell your car, all they care for is what it's worth to them. I haggled the **** out of my GTO and then tacked on GM card points and rebates on top of that and ended up getting a brand new GTO for around $19k. And right now my car's resale value is holding up very well considering I can get almost the full amount I paid for it :)

http://www.autoblog.com/2007/06/19/rumormill-pontiac-g8-gt-to-be-under-35k/

Who knows....

A couple of specific aspects of the new 2008 Caddy CTS encourage me regarding the future pricing of the G8 GT:

The recently released MSRP of the 2008 CTS ‘base’ 3.6L V6 ( not the DI \ 304 HP version = most like ‘base’ V6 G8 ?? ) is $32,245. With a manual trans.

And the DI 304 HP version MSRP starts at $34,545 - including the 6L50 6-speed automatic. [[ Though I admit that checking EVERY option box ( NAV, AWD, cooled as well as heated front seats, etc. ) on this version will bring the MSRP up above $47K. ]]

Still. This gives me some hope that the G8 GT – a Pontiac after all, and not a Caddy - will NOT be priced “too high”.

We’ll see . . .
- Ray
Ever hopeful, but occasionally lapsing into cynicism . .

who knows? it can happen. not!