I would expect some deals on the ‘05’s. maybe financing or a small cash rebate. However, I doubt there will be significant GM incentives until they get towards the end of the 05 model year and want to clean out remaining inventory. Since they really do not need to overproduce GTO’s like they do Grand Ams and Cavaliers, it would make no sense for them to bring them over and sell them at big losses.
However, I think the big advantage to the deals right now is oversupply on dealer lots. The rebate and financing is nice, but I have seen dealer discounts that equal or top the GM bonus cash. One dealer is selling his remaining GTO’s under $26K (but he is down to a lot full of Silver automatics too). Still, the real reason these cars are a huge bargain is because the dealers cannot move inventory because they have too much. That won’t happen again unless GM forces added inventory on dealers, but again, I cannot see them doing that for this car.
Even if the deal is not as good on the 2005, you are getting a more powerful engine (as well as the cosmetic changes). You also will have a car worth more simply because it’s a model year newer. So I don’t think it’s a bad financial decision to wait for a 2005. More engine and a car that has higher resale would be worth a few more bucks new off the lot.