: Why all the deals?
brianbot5000 01-13-2011, 11:31 PM I'm a new member who's been lurking for about a month now. I'm going to be in the market for a new car soon, and I sort of have my heart set on a G8. I'm the type of buyer Pontiac had in mind for these cars - I've never owned an American car, but this is one that will bring me back. I love the looks, performance, and value. As for my question...
I'm kind of concerned about how many I see for sale! Why all the deals?? It seems like a lot of people, even enthusiasts are this forum, are eager to unload these cars. And a lot of the cars have really low mileage, indicating that they didn't own them long or drive them much. This has me a little worried - what do they know that I don't know?? Seems like people are lowering prices, and even entertaining the thought of selling it directly to a dealer at a reduced price. Why is this? I know the gas mileage isn't great with these, and I'm OK with that. Is there anything else that makes these cars really hard to live with?
Seriously - I'd love to hear G8 owner's thoughts on this.
Thanks!
bballr4567 01-14-2011, 12:07 AM My G8 has gone up in value in the 3 months Ive owned it. I dont expect that to happen for the whole time I own the car but Im confident there will always be people who want them.
The reason many people unload them is that they either get a truck or get an even faster car. Very few people get rid of them for problems Ive been finding out.
Rubbabubi 01-14-2011, 05:04 AM My G8 has gone up in value in the 3 months Ive owned it. I dont expect that to happen for the whole time I own the car but Im confident there will always be people who want them.
The reason many people unload them is that they either get a truck or get an even faster car. Very few people get rid of them for problems Ive been finding out.
I second this. The only reason I would get rid of my G8 is to get something with AWD/4WD or something faster. Or people may get rid of it because they lost their jobs or need something bigger for their family.
cmking26 01-14-2011, 05:12 AM I've seen a few people sell them lately too I think because the value has gone up. People are getting a lot of money for their used g8. I don't hear of any major problems with these cars. Could be too, its winter time so if you have the sport package with 19's and summer tires it handles like crap on snow.
09gtt 01-14-2011, 05:44 AM I think people just get bored with cars and always want something new. I used to be one of these people n had to have a new car every 1-2 years. For some reason I can't let this car go I love it. I had it for a little over 2 years now and plan on keeping it much longer. If something happened to my current car I would probably buy another g8 but it would have to be a gxp.
jaxredg8 01-14-2011, 06:27 AM I dont know about everyone else but I for one will keep this one for awhile. No plans on getting rid of it anytime soon. Of course, things can change and cant ever say never!
cadueitt 01-14-2011, 08:16 AM ^^ i second that. Im a very picky person when it comes to what i drive. And to be honest there is really nothing else out right now that I would prefer over this one... especially in the same price range!
Kurtis1973 01-18-2011, 07:36 PM I just bought my gxp got rid of a 02 vette, if you can afford a 100k car there are better ones but if you can get a gxp for 30k its a beast.
I really wish I had 40k for icemans:judge:
cmgww 01-18-2011, 08:00 PM I was just searching online for used G8 GTs and found that most low mileage G8s were going for around 28,000...I've seen some way low, some way too high. But overall it seems the GTs are holding their value...and this is after a pretty good search (I was bored)
I love the fact that we financed $21,500 for our G8 GT, the rest was dealer incentives and a down payment from my wife's 2006 G6 GTP coupe (still a nice looking car, they messed it up after that year, with that stupid wing and big nose)
We owe less than $17k on it, and could probably turn around and sell it for 10k more given the right buyer and mods to it....I am not boasting. I am very blessed I came upon the G8 in summer 2009 when it was the "fire sale" and plus my dad is GM retired...
iceman302 01-18-2011, 10:15 PM I really wish I had 40k for icemans:judge:
Thanks man! I appreciate the compliment.
And I would consider $40K to be a reasonable offer.:burnout:
transam86ta 01-22-2011, 06:52 PM i have mine on auto trader for sale but if i could keep i would but i have started my own thing and i am need for a truck and i no for some of us guys the other person that i live with say two car payments so to much
GXP4RO 01-22-2011, 08:51 PM I plan on keeping mine forever! Next vehicle will probably be a truck or suv.
scottjf8 01-23-2011, 09:13 AM I have 6 payments left on my 08 V6 lease, then about a $14k payout. I'm 99% paying it off and keeping it, since I freaking love it.
My only concern is, it's been 15 years since I've owned a car (and especially one that wasn't under warranty anymore.) My G8 now has 42k miles on it, so I'll either pay it off and keep it or sell it for a profit. But I'm assuming I'll keep it since I freaking LOVE the car.
I just wish it had bluetooth and nav :(
LouB2B 01-23-2011, 10:54 AM Can't have mine...go get your own!
SMSO966 01-23-2011, 11:23 AM I would only trade up to a GXP. Other than that, I'm keeping mine for ever.
gmgold 01-23-2011, 12:55 PM I'm a new member who's been lurking for about a month now. I'm going to be in the market for a new car soon, and I sort of have my heart set on a G8. I'm the type of buyer Pontiac had in mind for these cars - I've never owned an American car, but this is one that will bring me back. I love the looks, performance, and value. As for my question...
I'm kind of concerned about how many I see for sale! Why all the deals?? It seems like a lot of people, even enthusiasts are this forum, are eager to unload these cars. And a lot of the cars have really low mileage, indicating that they didn't own them long or drive them much. This has me a little worried - what do they know that I don't know?? Seems like people are lowering prices, and even entertaining the thought of selling it directly to a dealer at a reduced price. Why is this? I know the gas mileage isn't great with these, and I'm OK with that. Is there anything else that makes these cars really hard to live with?
Seriously - I'd love to hear G8 owner's thoughts on this.
Thanks!
Fair question. Needs change is probably the biggest reason. I've just sold my 2008 GT that I've owned for 27 months, with 18,700 miles. Reason for sale? I'm retiring soon and don't need three cars. This one I could sell the easiest and quickest while getting its true value.
Perhaps a better question is, now that I've owned and driven one for a while and knowing what I know now, if I were in the same situation as I was then and had the same opportunity to buy as I did then, would I still have bought the G8? Answer: Hell, yeah. No brainer.
So, now someone else gets to enjoy the car.
brianbot5000 01-24-2011, 01:18 AM Thanks for all the feedback guys. I've pretty much been set on a G8 for awhile now, and this pretty much solidifies it. Now I just need to find one in my area that has the options and color I want - they seem to be a bit rarer here in the Northwest (not counting the TWO GXP's in our area currently for sale - but logic tells me I should really go for the GT and with the savings I can buy an older Toyota pickup and get my wife granite countertops).
WhiteHotG8GT 01-24-2011, 06:56 PM Thanks for all the feedback guys. I've pretty much been set on a G8 for awhile now, and this pretty much solidifies it. Now I just need to find one in my area that has the options and color I want - they seem to be a bit rarer here in the Northwest (not counting the TWO GXP's in our area currently for sale - but logic tells me I should really go for the GT and with the savings I can buy an older Toyota pickup and get my wife granite countertops).
Buy a GXP plus a snow tire/wheel package. Your wife can wait on the countertops. F*** logic! :driving:
RJPGXP 01-24-2011, 11:05 PM Just to second what you have already heard from others. I have a GT with 75,000 miles in 26 months. Never back to the dealer. I had to replace the gas cap, but GM says they will reimburse me. There is nothing wrong with the G8. OZ is tougher on cars than the US, on average. I think Holden builds them to take more abuse and live.
IMHO most people are not used to keeping a car for two years and getting back most of what they paid. They are selling to get something new or different and the can afford to because of the excellent resale on the G8. Other than an A6 GXP, there is nothing I would rather have in this price range. Good Luck.
thekalman 01-25-2011, 07:36 AM I bought my GT in November and I have zero intention of offloading it anytime soon. This is only the second car I've ever owned, and while I have a good job and could technically afford something more expensive, paying off student loans is more of a priority and when it comes to balancing price and performance, nothing beats the G8.
I payed $23,000 CAD for mine with 47,000 Km on it. I just did a quick browse of autotrader.ca and in Ontario it looks like most GT's with around that mileage are averaging high 20's. This car is definitely holding it's value.
I think something to consider is that the majority of the kind of people who would buy G8's are automotive enthusiasts of some sort or another. People like that tend to play with different cars, buy one, drive it for a while, try something else. If anything I think the fact G8's are still selling for what they are is an indicator of how awesome this car is.
pimpdout98gt 01-26-2011, 05:26 PM i'd have to say that maybe they get bored with the car. it happened to me last year. in april of 09 i bought my dream car, an 03 cobra. i threw outrageous amounts of money into it the year i owned it. hardly ever drove it and get it clean as a whistle and in the garage all the time. when i pcs'd (im in the military) and didnt have a garage to keep it in, i paid monthly for a storage just to keep it out of the elements and out of sight for "haters". by the time i sold it, i had just installed a kenne bell blower and it dynoed 605/572 to the wheels. an ultimate and highly sought after car. sold it cause i was paying insurance, car note and storage fee for a rarely driven car. wanting to put it in the hands of someone that would do with the car whats suppose to be done with a cobra, drive it. just my 02 cents. theres absolutely nothing wrong with these cars but i can see people getting bored with them. and boredom will set in with any nice car. kind of like a hot chick youve always wanted and once you get it you want to move on.
I bought my GT because I wanted a V8 sedan that was fun to drive. It was in my budget and the backseat accommodated our baby girl's car seat very nicely.
6 months after buying it, I get a new job, and my income triples.
My budget changed.
I could have kept the car, it was nice. I liked a lot about it.
But I wanted something a little more nimble, that still had a backseat and a V8...
I would recommend a G8 GT to anyone.
steveo9043 02-09-2011, 10:47 PM I've had my G8 for 2 months and 1 day now. I absolutely love it! Couple weeks ago I was toying with the idea of trading it in on a plow truck because of the 23in's of snow that dropped on my area. But after seriously thinking bout it I'd hate myself if i did it. I have been wanting this car since the day it came out and my sisters fiance (boyfriend at the time) went and picked up one of the first 888's. I have always been into fast cars that are fun to drive. I have owned a Firebird formula, camaro z28, grand prix gtp coupe. I drive a lot for work and a lot when me and my buddies go out. I was sick of getting in and out of my car for people to get into the back seat. With a year under my belt at work and a 10% raise after the first year I thought it was time for a new car.
Requirements: 4 door, fast, sexy, warrantied and around 20k.
What other car fits into that criteria? Nothing but the G8. To me owning a G8 is like being in that social club EVERYONE wants to be in but only a select few are actually in. Owning a G8 is a pride I never felt before from a car. If you decide to buy one I promise you, you wont regret it.
lg68jcu 02-11-2011, 12:27 PM Even the V-6s are holding their own. I bought my brand new 2008 (Completly Base) in July of 2009 for $20,400 OTD after taxes ($25K+ after neg equity). My trade in Value is $18,500-$19,200 with a resale value of $22-$23,000 (18K miles). If I traded it in today I would be even going into another vehicle even and I bought the car $4-5000 upside down. That 5K was recouped pretty darn quick. What a great investment and Car I love it!!!!
The only thing I would consider switching over to is a 2011 Charger R/T. lots of improvements and its 2K cheaper than the 2010 model. I hope Chevy finalizes bringing back the G8 platform so I can drive one of these baby's with the V-8.
greyg8gt 03-07-2011, 07:58 PM I heard dealers are fire selling these because a lot of banks won't cooporate on 72 month loans for Pontiacs.
macvangelist 03-07-2011, 08:50 PM I had similar questions as you. I just bought my 2009 G8 GT a few weeks ago and I LOVE it! My family is a Ford family so this is the first GM vehicle I've ever owed. I, too noticed that there are TONS of very low mileage G8s for sale everywhere.
My personal thought is that a bunch of people freaked out when Pontiac was axed and dumped their Pontiac, regardless of the facts.
I think there are so few on the G8s ever made that despite what happens to more common Pontiac's regarding value, the G8s will hold value pretty well.
I've got a minor warranty issue I need to get taken care of, too, and I haven't run into any dealers that refuse to handle my Pontiac warranty--none of these dealers used to be Pontiac dealers, either.
I'd buy it again if I had to do it over!
I'm a new member who's been lurking for about a month now. I'm going to be in the market for a new car soon, and I sort of have my heart set on a G8. I'm the type of buyer Pontiac had in mind for these cars - I've never owned an American car, but this is one that will bring me back. I love the looks, performance, and value. As for my question...
I'm kind of concerned about how many I see for sale! Why all the deals?? It seems like a lot of people, even enthusiasts are this forum, are eager to unload these cars. And a lot of the cars have really low mileage, indicating that they didn't own them long or drive them much. This has me a little worried - what do they know that I don't know?? Seems like people are lowering prices, and even entertaining the thought of selling it directly to a dealer at a reduced price. Why is this? I know the gas mileage isn't great with these, and I'm OK with that. Is there anything else that makes these cars really hard to live with?
Seriously - I'd love to hear G8 owner's thoughts on this.
Thanks!
Syvman 03-07-2011, 10:56 PM Just my .02 - my situation is I recently traded in a '07 CTS-V for my '09 G8 GT... My CTS only had 15k miles, the GT I bought had 17k miles. Why would someone trade a Cadillac with fewer miles for a Pontiac with higher miles? Necessity - I have a newborn (well, she's 4 months old now) and the back seat on the CTS is just plain small. Getting the car seat in and out was difficult. The back seat on the G8 on the other hand (as most of the folks on this forum know) is HUGE. Plus, going back to an automatic transmission was a plus, just because it's easier to drive slowly if the baby is sleeping in the back seat.
Now, with that said - I have a very short drive to work, and my G8 is my daily driver. IF I ever had to find a new job that required a commute (knocking on wood so that doesn't happen), I think I'd have to look at something a bit more efficient. Don't get me wrong, I LOVE the G8, but I really don't know if I could afford to drive it as a commuter (especially with gas prices hitting the levels they have been lately). It would be incredibly unfortunate, but I'd probably have to do it out of necessity.
Lastly, I really think the down economy has people needing to sell cars just to unload a payment. I know if our household lost a job and had to rely on a single income, we'd be hard-pressed to swing a car payment - even a very reasonable payment like the one on my G8.
PS - In case anyone was wondering, I like the G8 much more than the CTS-V... It's a much more practical sport-sedan, but still can go like a rocket if you want. I even find the ride quality in the G8 superior to the CTS (although I think some of that can be attributed to the size and weight of the G8). Either way, I prefer the G8 I have now over the CTS-V I traded in.
h3llphyre 03-08-2011, 10:01 AM My G8 has 85,000 miles on it now. Bought it 2 weeks after they showed up in the showroom. I plan on driving it to 200,000. The only car I'd consider trading it in for, would be a new CTS-V.
Supercharged 03-08-2011, 10:20 AM I drove a Grand Prix GTP modded to 243 at the wheels, drove it for about 200K miles, trans broke and the damage from trans damaged the rear of the engine so it was done. We were in a pinch and the wife like the G6 GT 2dr so we wound up with that. (I couldn't get in/out of the 4 door without banging my head)
She works from home and I commute about 30-45 minutes so I got stuck driving the G6, I'm not a little guy and going from the GP to the G6 was tight, plus I much rather have 4 doors. After driving the G6 for 16 months I finally found a G8 GT that was in the budget and they didn't rape us quite as bad on the G6 as a couple other dealers wanted to. Now that I have her...I can see this being another 200K mile vehicle, super comfy, lots of room for the car seat and my son in the back. The V8 is soooo nice to have horsepower again, I can't say enough about the car.
Syvman, its nice to hear what you had to say, I was considering a CTS figuring at least its a 4 door and should be decent for the family. Glad to know holding out for what I wanted was the better choice. :)
odoprelude 03-08-2011, 02:55 PM I bought my G8 GT brand new and picked up the dealer incentive and that coupled with my GM discount, $34k sticker went to below 29k.. I owe 25,xxx on the car now. Funny thing was that I was actually considering a 2008 Mercedes 300c with 12k on the odo and the payments were the same. I would look at that beautiful black Merc and smile, but when I got behind of the wheel of the G8, the grin got bigger. I figured, am I going to look at it or drive it?
Besides the fact, in this economy and green movement, when are you going to get the chance to drive, better yet own an Australian made four door with a Corvette derived V8? Its a Corvette for four, or five! The interior is unlike any GM car I have seen, very euro-inspired as well as the profile of the overall car. I am a car fanatic and I honestly can't think of a car under 50k I'd rather own than my G8, well, besides a GXP m6.. I miss my manual tranny.. too bad Pontiac couldn't have held out for a few more years to bring us that 6sp in the GT.
The really interesting thing is that I get stopped more by people asking me about this car than any other car I have owned. And it comes from all kinds, from older GM retirees, to business types to women and kids.. And everyone wants to race....(and get smoked!)..
All that being said.. BUY ONE! You won't be disappointed!!
Simon 03-08-2011, 03:49 PM I'm in a Grand Prix GTP and she has served me well - I will be hopping in a G8 GT very soon and I can't wait!
miatadude 03-21-2011, 01:35 AM I traded in a 2002 Grand Prix GTP 40th for a 2009 G8 GT. I will never sell this car. It is leaps and bounds better than the GP.
I'm in the market for a G8 GT, but also trying to think of comparable cars in the mid to low 20's. It's not easy to find any...
Extender32 03-23-2011, 06:32 PM I bought my 08' GT new, drove it until May of 09' when I upgraded to the GXP. I have not had any issues with either car and I have just over 23K on the GXP. All I have done was change the oil and rotate the tires.
cmgww 03-23-2011, 08:14 PM I have been considering upgrading to a GXP, but my latest searches have revealed very few...none closer than Chicago...GTs are still selling in the mid to high 20s depending on mileage...I underestimated the values these cars would still hold. It's almost like the BMW effect (they are notorious for holding their value, almost absurdly so)...Don't know how long it will last, but it's nice to know I owe about 8-10k less than what I could probably get for mine...
jpru5112 03-27-2011, 02:40 PM I just replaced my '09 that got totaled last fall. Found another '09 V6 last week with 1,280 miles on it. It's parked in my garage now. I would have started a new post but I can't.
smtty025 04-01-2011, 05:39 PM I love them. I first bought a GT model. That was totaled on 1/19/11. I paid out the door brand new for it $28,500 on 6/9/09. So when I got the insurance check I got $27,500. So yes they hold there value big time I think. So for more than a year and a half I drove a brand new G8 GT for $1000. So with me making out like a bandit with the insurance money I went and bought a GXP on 3/12/11 for $32,600 out the door. Night and day with the performance between the two, but not knocking the GT because I loved it. So the only things I can think of people getting rid of there g8's is they get bored with them or the gas mileage problem and paying 4.09 a gallon and $75 to fill up beast. Have you bought one yet? Or did you go in another direction?
dwc2009 04-02-2011, 06:21 PM they are great cars but people get easily bored nowadays. And a lot of guys want a manual transmissions as well.
I love my GT, best car I have ever owned by far. I am planning to keep it for years and years. In fact, the only thing that makes me nervous about these cars is they arent made anymore. If something ever happend to mine i am afraid I wouldnt be able to find a replacement. Get one, you wont be sorry.
4me2drv 04-06-2011, 08:55 PM I love my G8 GT more than I ever thought I would. I've had it for 2 yrs and 17k miles. No issues. I usually get a new car every 2 yrs or so. But not with this one. There is no car that looks this good, has this much luxury and goes this fast, for less than I paid. I'm hoping to drive it for about 4 more years and sell it for enough to get a 3 or 4 yr old Corvette, IS-F or C63.
ATJaguarX 04-09-2011, 12:17 AM I'm new to these forums, so please excuse me if I'm in the wrong spot.
I wanted to create a new thread, but my account doesn't have access (yet?).
I have been in the market for a new car for a few weeks now. I have always loved the G8, and I now think it's time to buy.
My local dealership has a 2009 G8 GT with black leather, sunroof and red exterior with 5,000 miles. They had it listed for $32k and have recently dropped it down to $30k. I did a little bargaining and got them to $28k, after tax, title, license, etc... $30k out the door. It is also a GM certified used vehicle, so I get the extra 1yr/12k on the bumper to bumper.
My gut is telling me that it's a bit too much. They have told me that the car has little mileage on it because it was "owned" by a GM employee and was turned back over to GM. The dealer purchased it for $27,700 and can't sell for less.
Has anyone heard of this type of sale?
Does $28,000 seem like a fair price?
Should I try to bargain an extended warranty out of this?
Thanks!
C-DogBucs11 04-14-2011, 08:50 PM Sounds like a pretty decent deal, I'm just weary of ever buying anything RED. But, with leather interior and sunroof, sounds pretty good from all the research I've done. I'm still on the outside looking in, mainly because of 18 months of unemployment, I'm playing catch-up AND the GXP is obviously hard to find. Would settle for GT w/ sunroof, but probably need to keep between $23,000-$28,000 with planned mods. By then, maybe GM brings the G8 back in another form? Here's hoping!
cmking26 04-15-2011, 09:38 AM It has extremely low miles, but you could find one fore sale here from a private party for less and save some money on taxes and dealer fees. Try your local craigslist also.
VenomHP 04-15-2011, 10:32 AM Im not sure where all these deals are lol, Ive been looking for either an sbm or wh g8 gt with a sunroof, decent miles and around the 20k range and cant find anything, everything around here is 24-26k so I guess Ill keep waiting
Supercharged 04-15-2011, 11:34 AM Im not sure where all these deals are lol, Ive been looking for either an sbm or wh g8 gt with a sunroof, decent miles and around the 20k range and cant find anything, everything around here is 24-26k so I guess Ill keep waiting
For 20K you might want to consider a V6, otherwise plan on adding at least 3K to the budget.
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