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Prices Paid: Buying & Leasing Experiences Chevrolet Malibu Prices Paid and Buying Experience
719 messages, Last post on Sep 03, 2009 at 9:18 AM
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Hey all, I've been looking for an 09 Malibu for my mother, but I'm a bit confused by the current rebates out there. Dealers have been offering some pretty decent MFR rebates by themselves. I got one quote with a rebate amount of around $5,250 and there was recently a fatwallet.com story about a dealer up in new york offering 25% off of MSRP (which equates to around a discount of $6,000, so thats pretty equal. Now, I went on the edmunds website, and saw several rebates. One was 1250 customer cash, one was 1500 customer cash (I think), one was 2000 lease savings (I guess if you were turning in a lease vehicle early), and one was 1000 marketing incentive to dealers. But, when I priced the car out on edmunds, it showed the price as MSRP - "incentives" of 2750, which means it added the 1250 and 1500 one together and didn't show the other two. for a discount of $5250, I don't see any combination of those 4 numbers that gives me 5,250 (sounds like a math problem from elementary school....). So, any idea what the real rebates are? BTW, we are not turning in a lease. FWIW, we're looking for an imperial blue 2LT with tan interior. Sorry, I tried to cut it short. Let me know if you need any more details. Thanks!
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Replying to: ddombrowski1 (Mar 26, 2009 10:36 am) In the end, I don't care what type of tricks they do with the money...so long as I know how much I am financing and at what rate. My Malibu LT had a sticker of $23,175 but they showed the list price of $21,703 and THAT'S the price they took my rebates from (my rebates were $5,265.17) to get to $16,438. So a discount of $1,472 was NOT counted as a rebate anywhere. I signed a GM Customer Incentive Aknowledgement that had these totals for my Rebates: Customer Cash: $1,250.00 Bonus Cash: $1,500.00 Lesee Bonus Cash: $2,000.00 Dealer additional contribution: $250.00 GM Card: $265.17 I guess the thing to remember in my case is that they told me the 5 cars they were willing to deal on and I picked one of them. Based on the Inspection Sticker (9/09) these had been on the lot for about 6 months (unless my understanding of how that works is incorrect). When I drove it off the lot it read 4 miles on the odometer...so I know it wasn't moved around much. Hope that helps. |
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I'm kind of "kicking the tires" these days regarding a new car, it would be a third car without replacing one of ours. If I find a deal I can't refuse, I might bite but I don't necessarily NEED one at this time. Wasn't really looking domestic but I love the new Malibu and what is being said about it so I'm willing to give them a chance. E-mailed a dealer and got a quote on a 1LT w/body side moldings, 6-speed tranny, and the Power Convenience package. Got a price back OTD of 22,353 which includes sales tax, all rebates,etc, etc. Live in Michigan (6%). Doesn't sound like much of a deal for me but perhaps I'm wrong. I won't bite at that price regardless but curious to hear opinions on this deal. Thanks!
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Replying to: greatlakesjr (Mar 28, 2009 3:51 pm) Most of the 08 vehicles like the malibu, (mazda6,fusion,Impala etc) have a trade in value of 10000 (Impala)-$13000. This is what the 09 malibu would be worth in 12 months. Perhaps a $24000 msrp malibu would be worth $14000 or so, under normal conditions. With the worst car sales in a decade, and the issue of GM bankruptcy/warrantees (an issue of when not if), $14000 would be a ok price on an 09 22k malibu for ALL purchasers, (not just lease turn-ins). Many of the deals being reported are nothing to write home about, compared to previous years. The tax dollars coming from the govt are probably keeping the prices up, (for Chrysler and GM) the dealers not having to dump stock to raise cash. The imports are benefiting a bit from the domestics troubles, and they are more flexible on production (actually able to make a large profit on cars in good times) Good luck --jjf I'm kind of "kicking the tires" these days regarding a new car, it would be a third car without replacing one of ours. If I find a deal I can't refuse, I might bite but I don't necessarily NEED one at this time. Wasn't really looking domestic but I love the new Malibu and what is being said about it so I'm willing to give them a chance. E-mailed a dealer and got a quote on a 1LT w/body side moldings, 6-speed tranny, and the Power Convenience package. Got a price back OTD of 22,353 which includes sales tax, all rebates,etc, etc. Live in Michigan (6%). Doesn't sound like much of a deal for me but perhaps I'm wrong. I won't bite at that price regardless but curious to hear opinions on this deal. Thanks!
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Finally purchased 09 Malibu LTZ 4 cylinder w/ sunroof MSRP 28400 My otd price including all taxes and fees = 22866.00 .... Rebates applied came out to 6750.00 Very happy with the deal and the car ... This is GM's last chance after owning several Yukon's with problems, rattles etc. If this Malibu doesnt come through no more GM, Ford etc.... Here is a breakdown of the numbers: MSRP 28400 purchase price 27300 Tax 7% NJ - 1911 (which gets deducted on next years taxes  Total Price 29211 ----------------------- Rebates Applied : -6750 (1K of this was GM Card points) MV Fees +254 Tire Tax NJ +7.50 Doc Fee +144 Final OTD Price: 22866 Based on my calculations I received close to 28% off of MSRP & very happy with the deal ....
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Given all the suspension issues with my '04 Maxx, I closely studied Consumer Union's repair records for Chevrolet and other GM brands, then compared them to other brands. Big surprise: Save for 1st and sometimes 2nd year, All the recent GM vehicle designs list much below average reliability for suspension components. Other brands (except Chrysler) fared much better in suspension reliability. When buying a Maxx, it would be good to get the repair history of: Struts, Front Steering racks, Front Steering intermediate shafts, Steering Columms |
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Replying to: jfritsch (Mar 29, 2009 6:53 am) |
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I was about to buy a Prius, but read something on line about how good the Malibu was. I haven't bought a new American car in a decade, and never a GM, but I'd prefer to if the product were reliable, safe, with decent mileage, and the reviews say the Malibu is all of these things. I'm interested in an LS, don't have a lease to turn in, don't have a GM credit card. From Edmund's, it looks like there's 2750 to customer plus 1000 to dealer available. Does anyone know what the holdback is on this car? Are there any other incentives available? What price should I expect to pay for one of these?
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Replying to: pragmatist1 (Mar 29, 2009 5:40 pm) Good luck --jjf was about to buy a Prius, but read something on line about how good the Malibu was. I haven't bought a new American car in a decade, and never a GM, but I'd prefer to if the product were reliable, safe, with decent mileage, and the reviews say the Malibu is all of these things. I'm interested in an LS, don't have a lease to turn in, don't have a GM credit card. From Edmund's, it looks like there's 2750 to customer plus 1000 to dealer available. Does anyone know what the holdback is on this car? Are there any other incentives available? What price should I expect to pay for one of these? |
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Replying to: pragmatist1 (Mar 29, 2009 5:40 pm) Good luck --jjf --------------------------------- Industry's Big Hope for Small Cars Fades - WSJ.com Bookmark added by casudi on 03/23/2009 Public Description Click to Edit Last summer, when gas cost $4 a gallon, buyers snapped up small cars so fast that dealers couldn't keep them in stock. Now, with gas prices half that level, almost 500,000 fuel-thrifty models are piled up unsold around the country. The turnabout comes at a bad time for the struggling U.S. car industry, which has revamped factories and shifted product plans to produce more small cars in coming years. The moves are prompted by coming stricter federal fuel-economy standards and the Obama administration's car-bailout plan, which encourages auto makers to boost their vehicles' mileage. Practically every small car in the market is stacked up at dealerships. At the end of February, Honda Motor Co. had 22,191 Fits on dealer lots -- enough to last 125 days at the current sales rate, according to Autodata Corp. In July, it had a nine-day supply, while the industry generally considers a 55- to 60-day supply healthy. For other models the supply situation is even worse. Toyota Motor Corp. has enough Yaris subcompacts to last 175 days. Chrysler LLC has a 205-day supply of the Dodge Caliber. And Chevrolet dealers have 427 days' worth of Aveo subcompacts. At the current sales rate, General Motors Corp. could stop making the Aveo and it wouldn't run out until May 24, 2010. "I don't think Americans really like small cars," said Beau Boeckmann, whose family's Galpin Ford in southern California is the country's largest Ford dealer. "They drive them when they think they have to, when gas prices are high. But we're big people and we like big cars." The logjam of small cars is caused in part by the recession, which has sapped sales of all types of vehicles. But it also underscores how badly gasoline prices have whipsawed the industry GM Has 161 Day Supply Plus Massive Cash Burn --------------------------------------------------------------------------------- GM struggles to reduce cash burn Jesse Snyder Automotive News | March 2, 2009 - 12:01 am EST Here's the scary thing about General Motors' fourth-quarter operating loss of $5.9 billion: There's little reason to expect much improvement in the first three months of 2009. Despite drastic cuts in production, employment, marketing and capital expenditures, GM still is hemorrhaging cash. How bad is it? In a conference call last week, CFO Ray Young said GM's cash burn this year would be less than last year, which it put at $19.2 billion — but admitted the cash burn in 2009 would be "front-loaded." Translation: The short-term bleeding will continue. It will be hard in this quarter for GM to reduce its cash-burn much below the $5.2 billion consumed in the last three months of 2008. And that won't be popular in Washington, where bureaucrats analyzing GM's bailout request seek assurance that they aren't throwing good money after bad. One of GM's biggest headaches is a stubbornly high inventory. Despite drastic cuts in production, GM had a 161-day vehicle supply on Feb. 1. A 60-day supply is considered ideal. In unit terms, GM had 792,600 vehicles in stock, down 69,800 from Jan. 1. That's a reasonable figure by historical standards. But sales have collapsed, so unsold cars and trucks still are piled up on dealership lots. GM's January sales totaled 122,728 units, down 48.9 percent from January 2008. GM sales analyst Mike DiGiovanni expects GM's February sales to be "about the same" as January, and he sees only modest improvements in the months ahead. At current selling rates, Chevrolet has more than a year's worth of unsold HHRs and Aveos. |
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