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Chevrolet Malibu Prices Paid and Buying Experience

536 messages,  Last post on Jul 05, 2008 at 12:48 PM

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What is this discussion about? Chevrolet Malibu, Chevrolet Malibu Maxx, Hatchback, Sedan, Wagon

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#494 of 536 Re: Wake Up! [thegraduate] by beach15 Mar 08, 2008 (6:04 pm)
Replying to: thegraduate (Mar 05, 2008 10:04 pm) Ours is a 2LT 4-cyl WITH that "terrible and old" (right...) 4-speed, and we even love that fact. I knew going in all about the 3.6L (we were going to buy a Saturn Outlook and then Buick Enclave before), the 6-speed, and also that the 6-speed would be a late intro for the 4-cyl. Didn't matter, because after driving a 2.4L one as it was, I thought it was fantastic. I could see where 2 extra cogs could help keep revs down further at some times, but right now, it's a great combo. One issue with the 6-speed as paired with the 3.6L has been a generally lazy feel, with very slow downshifts and sometimes odd shifts in general, so it will be interesting to see how it is set up with the 4-cyl. It will be on lots soon as they just started ordering LTZ's with the combo for the last part of the '08 model year, and I hope to try one. As fantastic of an engine as it is, the V6 sucks more gas, is more expensive, heavier, etc. and while great, almost has too much grunt to be fully used in this car. To us (and especially me), overkill in this car.   As for price, I've actually posted it before, and will again.   Car: 2LT 4-cyl with Body Side Moldings, Premium Mat Package, and Power Sunroof MSRP: $23,770 Invoice (with ad fee): $22,830 Our price ($200 over invoice): $23,030   Would have been even less had it been from a dealer such as where we bought it without ad fees, but was a dealer swap in, we wanted it NOW, and the dealer, salesperson, and great pricing were all fantastic. So the discount seems small, but I know the salesperson and we freely printed out and looked at all the invoices of cars we found on the system, and that's just how it was. $200 over invoice without trying was fine by me, especially considering there was only 1 other one on the lot at the time and we went through 2 straight weeks of requesting swaps with other dealers, getting turned down or ignored (hot car=they don't want to), until finally this one came available.   It was for my mother, and she loves it, and I finally had the chance to take it out for a longer drive on my own today, and am still enamored. Exterior and interior are stunning, the overall solidity and finish is awesome (this car really feels like a tomb purring down the road), the seats and body space are terrific, and most of all, the 2.4L drivetrain combined with this extremely solid and silent car is incredible. You'd be hard pressed to tell it's 4-cyl by sound, or even a V6, and it just pulls away very energetically and silently.   I've had a chance to drive and play with many of the competitors and none match the total package or even remotely the emotional grab of this car. No, it isn't perfect, but it's an extremely well done car throughout. So, in the coming months, I very much hope to buy myself another identical one, probably an '09 with the 6-speed and Bluetooth, etc. I'll buy any brand, any model without preference, and this car still gets me.
#495 of 536 Malibu Pricing by jfritsch Mar 08, 2008 (9:41 pm)
The new malibu 08 is a significant improvement over the old one. But it will continue (like the impala) to be a mainstay of the rental fleets like it has for years. The market is continually flooded with used rental cars, enhancing their depreciation.   A 22000 base ls impala barely wholesales for 13000 in a year, and the old model 18000 malibu wholesaled for about 11000 or so after year one. This has been the case for years. The new 08's are likely to behave similarly.   Given the base 21600 Accord LX sedan is advertised for about 18500, I would be hesitant to pay more than 16000 or so for the 20000 base malibu, given its (and the impala's) history. For any of the 25000 models, I would want significantly more off.   --jjf Replies to this message: jlease (Mar 11, 2008 6:32 am)
#496 of 536 Re: Malibu Pricing [jfritsch] by jlease Mar 11, 2008 (6:32 am)
Replying to: jfritsch (Mar 08, 2008 9:41 pm) My dad bought a 2008 Malibu toward the end of 2007 and I tried to convince him to lease it (27 month or 39 month SmartLease Plus) over the same concerns that you point out about potential fleet use.   I have leased my vehicles since early 1990's when Ford, GM and others began being aggressive on leasing for individuals. Now this drives my vehicle selection based on the most aggressive deals.   The Malibu lease carries a 3.15% rate and a 62% residual on 27 months and 50% on 39 months (15K miles per year). This compares to basically no incentives on the purchase.   By leasing, you can mitigate the risks of fleet sales or retail incentives that might impact your wholesale/tradein values 2-3 years from now when you go to turn the car in.   I believe there are too many risks in buying new unless you have a 5-6+ year hold strategy. I like to change into new vehicles every 2-3 years and leasing nevers leaves me upside down.
#497 of 536 fleets by vanman1 Mar 11, 2008 (5:25 pm)
GM has really cut fleet sales back a lot. You will not see piles of Malibus at rental lots like the last one.
#498 of 536 Re: Wake Up! [thegraduate] by aftika Mar 12, 2008 (6:54 pm)
Replying to: thegraduate (Mar 02, 2008 11:55 am) I just purchased the 2008 Malibu LS. I paid $17600. Smooth ride and peppy for a four cylinder. It is incredibly quiet. Replies to this message: mazda6dude (Mar 12, 2008 8:34 pm) bwia (Mar 13, 2008 4:08 am)
#499 of 536 Re: Wake Up! [aftika] by mazda6dude Mar 12, 2008 (8:34 pm)
Replying to: aftika (Mar 12, 2008 6:54 pm) Does this price include tax, license and fees? Also, if you don't mind, what dealership is this? Nice purchase.
#500 of 536 Re: Wake Up! $17,600? [aftika] by bwia Mar 13, 2008 (4:08 am)
Replying to: aftika (Mar 12, 2008 6:54 pm) Was this brand new or was it a demonstrator? Wow, that is a phenomenal price, sort of makes me feel like we were raped. We paid $19,610 (MSRP $20,225) in Boston for the LS but we added after-market leather for an additional $1,300. Good luck with your ride. Nice car only positive comments from all who've seen the car. It's like a driving bill board for GM.
#501 of 536 2008 Malibu LS by gary11112 Mar 13, 2008 (2:30 pm)
MSRP - Base, Floor Mats, and Dest - $20075   Paid - $18997   Bought in Frisco, TX   Personally, I'd prefer a prostate exam over the new car buying experience. This was no exception.
#502 of 536 Price of Malibu by jfritsch Mar 15, 2008 (1:57 am)
In doing some research it says on edmunds here that the 2007 -Pontiac G6 sedan is based on the same platform as the new malibu and saturn. A 2007 used g6 4cyl msrp 21000 barely wholesales for 12000. This is a GM car very similar to the malibu, although I like the malibu interior better. Its highly likely though the malibu will wholesale about the same.   Currently the G6 incentive is about 3500 off and 2.9% for 60 months.A purchase about invoice would put one at 4500+ off with the 2.9%. The msrp on both vehicles is similar.   Don't pay msrp for a malibu. You want at least 4500 off the base and much more off the 24000 LT 4cyl. You can get one helluva Impala LT3 3.9v6 loaded msrp 25000 for about 19000-20000. Give it a little more time for production to fill the lots, if it hasn't already.   Good luck --jjf Replies to this message: jaxs1 (Mar 15, 2008 8:30 am) beach15 (Mar 16, 2008 4:09 pm) jimi4 (May 12, 2008 8:05 pm) pao (May 13, 2008 7:04 am) jaxs1 (May 13, 2008 7:15 am) and 2 more...
#503 of 536 Re: Price of Malibu [jfritsch] by jaxs1 Mar 15, 2008 (8:30 am)
Replying to: jfritsch (Mar 15, 2008 1:57 am) There is no reason to pay MSRP on a Malibu especially since people don't need to pay MSRP for a Camry or Accord. However, just because a G6 is on the same platform, doesn't mean a 2008 Malibu will have the same resale value as a G6. Resale value is determined by supply, demand and desirability, not platform.   Since the new Malibu is much more desirable and much more highly rated in reviews and has better styling in and out than a G6 and is also in much lower supply since there will not be so many 1 year old ex-rentals competing with new Malibus, it will have better resale than a G6.   The new Accord will probably have the best resale because it has the fewest ex-rentals competing with new Accords, but the Malibu will at least be much better than a G6 in resale.

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