[ForsakenNoob]

Hi guys,

I found a 2005 red m6 at the dealers lot with 7000 miles on it. It doesn't have any scratches in it or any apparent damage, but the paint has swirls in it and looks like it hadn't been waxed in a while. It still looks really sharp though .It's been sitting on the lot for about 3 or 4 months now. How much should I expect to settle on? Do you think they will go down to $28k? More???

I'm looking to trade in my 05 Rendezvous for which I still owe more than what it's worth. I owe $22,300, and on Blue Book its trade in value was $14,000!!! I couldn't believe in one year it could depreciate so fast...

I have great credit and a $40k a year job with the USAF...shame on me for thinking this, but do you think they would slide what I owe on the Rendezvous onto the payment for the GTO ($8300 ). It would normally be something I would never consider, but under the circumstances...I had so much fun when I had a Mustang GT and I so obsess over GTOs. GTOs are like Mustangs, but much more comfortable, faster, and higher quality. I feel like a soccer mom in that Rendezvous, even though I'm a guy. Thoughts?

 

[Clueless]

If you don't plan to get a new GTO (which seems to be the case as the one you are looking at is used), I would recommend waiting a few years if you can, to where you aren't upside down on the Rendezvous. I'm sure there will be some low-mileage used GTOs on the market in 2-3 years, especially if GM goes ahead with the Camaro or a new GTO in '09 or so, or even if Dodge puts out the Challenger.

Seeing how some people have purchased new '06s for $29k (after rebates), I think $28k is a bit high for the previous year's model with 7k miles on it.

 

[ForsakenNoob]

I knew that would be the answer. I will see what kind of deal I can get...if I can't get the payments where I want them, I'll keep the Rendezvous until I retire.

 

[EEZ GOAT]

don't pay that price

 

[ForsakenNoob]

Oh, my mistake...I 'assumed' it would be $28k...I don't actually know as of yet. For all I know they may want $25k for it...I was just asking how much I should expect to pay. Sorry about the confusion...

 

[noz34me]

Used '05; 7K miles, I don't care what the books say, is not worth more than 23K IMHO.

 

[TexasAggie]

If you don't plan to get a new GTO (which seems to be the case as the one you are looking at is used), I would recommend waiting a few years if you can, to where you aren't upside down on the Rendezvous. I'm sure there will be some low-mileage used GTOs on the market in 2-3 years, especially if GM goes ahead with the Camaro or a new GTO in '09 or so, or even if Dodge puts out the Challenger.

Seeing how some people have purchased new '06s for $29k (after rebates), I think $28k is a bit high for the previous year's model with 7k miles on it.

:agree Great advice...get out of debt. Don't add to it even more.

 

[NT91]

$28K is to high!

 

[hagergto]

You have what's known as negative equity....

SOME banks will roll over like 3k into the new loan..
Any difference you will have to come up with...

 

[vnamvet]

Wait until the new Camaro arrives............then get that one!!