June GM Incentives...
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Just spoke to my dealer about the rendezvous my wife is interested in that has a MSRP of 39,900 with a resid calc of 40,900.
He was selling it to me yesterday on a smartbuy at 200 over invoice or 35978.
The price went down $1300 to 34,677. The rebate and hot button went from 2250 to 1000, so the cost is down a net of $50. The residual stayed at 60%, but the interest rate went from 4.5% to 4%.
Bottom line in NY where tax is 8.75% and I dont use GM card earnings, a trade or anything else, the payment on a 36 month smartbuy goes from about 470.84 to 452.85
Bottom line out the door price is about 36,779 now vs about 36,944.
the excel spreadsheet i designed is pretty accurate, but not to the penny.
I wonder how it will work for the GTO.
He was selling it to me yesterday on a smartbuy at 200 over invoice or 35978.
The price went down $1300 to 34,677. The rebate and hot button went from 2250 to 1000, so the cost is down a net of $50. The residual stayed at 60%, but the interest rate went from 4.5% to 4%.
Bottom line in NY where tax is 8.75% and I dont use GM card earnings, a trade or anything else, the payment on a 36 month smartbuy goes from about 470.84 to 452.85
Bottom line out the door price is about 36,779 now vs about 36,944.
the excel spreadsheet i designed is pretty accurate, but not to the penny.
I wonder how it will work for the GTO.
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2 Posts
gto leasing
Hi, my name is Cristina, I'm hoping I can become a gto owner soon. Down here in florida theyre not selling pretty well, but it's a car I really like. I don't know if any of you have leased it or purchased it. But im getting offered 623/month for 3 years, which is way off my limits.
Just wanted to know if you guys are paying this much or am i being ripped off...
thanks!!!
Cristina
Hi, my name is Cristina, I'm hoping I can become a gto owner soon. Down here in florida theyre not selling pretty well, but it's a car I really like. I don't know if any of you have leased it or purchased it. But im getting offered 623/month for 3 years, which is way off my limits.
Just wanted to know if you guys are paying this much or am i being ripped off...
thanks!!!
Cristina
same$. MDX is 40, RX330 40, all the same when you get leather, sunroof etc.jontyrees said:
they get 2k for the 3.6 motor instead of the 3.4 motor.
Cristina,
a payment means nothing.
what are they selling the car for, what is the sticker, what is the residual, the tax rate? tax is 8.75% by me, what is it by you?
cant analyze the deal without the facts.
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2,097 Posts
Tom, try to look at a leftover 2004 Cadillac SRX with the Northstar V8. Dealers out here were knocking $13K off the sticker before this new GM program kicked in. Got a chance to drive one -- and it's a really nice car.
Christina,cristinaggm said:
What annual mileage was that for ? Do you have to pay tax on top of that ?
I was quoted something similar at one dealership for 20K miles/yr.
I ended up getting one for 511+tax at another dealership (36 mo. 20K miles/yr.)
I remember the quote being somewhat less for 15K/yr.
It being the end of the month may have had something to do with it...
Now, the dealer has another one (silver stick black int) if you can't find one @ that price locally....
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3,444 Posts
Hi Cristina. I'm not sure what part of Florida your in, but the GTO'S do seem to be in short supply here. I still got mine with 1500 plus the rebate off. I put 10k down and ended up with a buy of 385 month. I'd think you could get a buy for the 611 per month, and a lease for less with no money down.cristinaggm said:
Good luck.
Found two on buypower. both with msrps of 49190. called both. one has a deposit, the other is almost a local dealer. he will "let me have" the car for 41k. GMS on the car is 44!! for three grand I will smartbuy an 05, wait, for that money i will lease an MDX!!!!b_a_betterperson said:
thanks for the idea. you cant smartbuy/lease an 04. and the residuals on the 05s are 5% less than on the buick.
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2 Posts
price
the price ttheyre offering me is 30k for a 6 speed, 623 a month +tax, 15k a year for 3 years
the price ttheyre offering me is 30k for a 6 speed, 623 a month +tax, 15k a year for 3 years
I just threw some numbers into the spreadsheet I designed. assuming they are using a 50% residual, they are charging you 12% interest.
how bad is your credit? if you have to pay 12% interest to buy a new car you should definitely think about getting something much less expensive and clean up your credit.
how bad is your credit? if you have to pay 12% interest to buy a new car you should definitely think about getting something much less expensive and clean up your credit.
GM employee discount for everyone
Just got back from the local dealer ( Thorson Automotive, Pasadena, CA ) and every car on the lot had a new window ad inviting the public to take advantage of employee discounts. The sticker listed MSRP then the discounted price. They have 2 GTO's on the lot a yellow 6 [email protected] under 30 and a grey auto under 31 g's.
arty:
Just got back from the local dealer ( Thorson Automotive, Pasadena, CA ) and every car on the lot had a new window ad inviting the public to take advantage of employee discounts. The sticker listed MSRP then the discounted price. They have 2 GTO's on the lot a yellow 6 [email protected] under 30 and a grey auto under 31 g's.
arty:It sounds like a good price. The Pontiac site says they'll discount the 2005 GTO to approx $30,979 MSRP, but they bumped up the GM APR to 6.25% for all loans. They'll still get their money in the end and it may spur some buying....That would be good. :cheers
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