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Chevrolet Malibu Prices Paid and Buying Experience

720 messages, Last post on Dec 04, 2009 at 6:22 AM
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| The owner loyalty rebate on Malibu has apparently been raised to $4000 from $3000 last week. Based on past patterns, what is the likelihood it will be raised again ? Also, GM says the offer is good thru Aug 2. Could they still rescind the offer before then ? | |
| no. I just came from the dealer yesterday, who, thanks to my buying service, opens up all the books and lets me know what is what. He said that once GM raises the rebate, it won't go lower than that; instead, it may head even higher. My dealer is flooded with inventory since apparently, GM does not allow their dealers to control their own inventory. As a result, there are a lot of '04s out there that need to be moved before the '05s go into production. I may not wait any longer, but if you can, and don't mind a smaller pool of cars to choose from, I would bet the rebate goes one step higher. | |
| While looking thru car ads in the paper, I noticed almost all of them mention in the fine print that they charge a "dealer fee" of between $300 and $400. Is this legitimate ? If I plan on paying the TMV for a new car, should I subtract from it the amount of this "dealer fee" ? | |
| to me, dealer fee means paper processing and advertising. Some dealers are charging up to $299 in my area for paper processing alone. Remember: negotiate a price....a final price, and let them know it won't be higher once you enter the finance officer's woodshed. | |
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I haven't actually bought a Maxx yet even though I'd like to because with my financial situation its a little dicey, but I did negotiate last week to find out exactly what I'd need to pay. I stopped negotiating at around $300 under invoice, + the $4k rebate and another $1k from a GM Card. The dealer I got the best price from had a $289 doc fee, I told them that it was excessive and that I'd only pay $99, and it was done. They changed their offer to $500 under invoice in order to reduce the doc fee. Don't be afraid to flat out refuse to pay it, above $70 or so its all padded profit and can be negotiated. By the way, a few hours later another dealer called and when told of my current best offer expressed confidence they could beat it by at least a few hundred. Until I'm ready to actually do it, I'm not going to get into it with them but I think I can probably get as low as 700 or 800 under invoice. |
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OK, here we go. Since I was not able to use the Supplier's Discount and combine it with the $4,500 cash back ($1k conquest rebate for owning a Mazda, $1k for owning a Vibe, and $2.5k consumer cash back) GM was offering me, I decided to use my buying service and use the $4k check GM sent me as a loyalty bonus: Maxx LS with 1SB package and Sunroof: $22,499 Buying Service Price + 674.97 State Tax + 45.00 Dealer's Business License Tax + 19.00 License Plate transfer fee =23,237.97 - 4,000.00 Loyalty bonus from GM -------------------------------------------- =19,237.97 I think this was an amazing price considering it is over $1k less than what I bought my Vibe for 2.5 years ago. |
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| Glad you finally made the plunge and joined us. Hope you have miles and miles of smiles! | |
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How do you like it so far? What color? Looks like you paid $624 over invoice, for whatever that's worth. |
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$624 over factory invoice? It is the Medium Grey Metallic, since: 1. I think GM missed the mark in styling this car to begin with, I went with what I think is the most luxurious of the colors (especially with the sparkles in the paint 2. GM decided to put the black cladding on the bottom runners on the LS and not color code the mirrors. I think the medium grey looks nice with the black trim and the dark sunroof glass on top 3. it cuts down on glare off the hood. Until this thing breaks down, I will continue to contend that this car SCREAMS value. When I took it to my mechanic (a long time GM owner), he laughed at the price I paid, stating that it was awfully low for all the things that come on it. Now, I just need to find a hungry finance manager who wants to sell me a GMPP at a much reduced rate from what they publish in their books. Anybody know one that wants to make me an offer??? |
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| This is my one bone of contention with the entire purchase transaction - when I got in to see the finance/after market guy he was adamant that the price for the 84/84 extended warranty was $2,300. He would not budge! They ended up taking an additional $300 off the car (plus the savings on the tax for the $300) as a compromise. I know I paid too much for the warranty, but the dealer is right across the street from my office, so service is very convenient. I now know that I could have bought the contract (and for that matter, the car) at another GM dealer and still utilized the service department so convenient to me, but at the time I had that "new car jones" that made me sign on the dotted line. I'm not sorry - I've been enjoying the Maxx for the last 4 months and it has been pure joy! | |
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