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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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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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Okay, my mother has decided she likes the car and we've decided to go ahead with the purchase if the numbers work out. I still don't understand how you guys are seeing such low offers without the 2k lesee rebate (ie, JJFs post about a 22k msrp car going for 16 without the lesee rebate). The car we're looking at is a base model LT2, with an MSRP of 24705 without destination according to edmunds. Invoice is 23,346. Say we offer 23500. There are 3250 in cash rebates right now, we don't qualify for the lessee rebate. Theres also the 1000 dealer cash marketing support. So that brings us to 19,250 as our offer. Even if they used the car as a loss leader or factored in holdback, I don't see how on earth they would sell that car in the 16k range. Should we realistically offer 18? Where is the extra money coming from? Or should I just offer 850 under invoice (150 over - $1000 marketing support) and take the rebates? Thanks guys. Looking to do a deal by tonight or tomorrow before the rebates expire.
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Replying to: ddombrowski1 (Mar 30, 2009 6:10 am) All the stuff with gov't "guarantees" of warantees may or may not be tentative. The UAW has every intention of dragging them all to the bottom. Published invoice figures have been nominal for almost 2 decades. Trying to figure their "cost" and "profit" minus holdback is silly. There is unadvertised dealer cash available sometimes and certainly here. Good luck --jjf |
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This afternoon I am meeting with my salesman to discuss numbers & I could use some help, as this is my 1st time negotiating a car. I have a pretty good background in crunching numbers because I am a senior in college with a double major in accounting and finance. 2009 Chevy Malibu LT2 w/a V6. It already has around 1,100 miles on it because it is a demo. The salesman hasn't given me a price yet because they were "reworking" the prices as of today. I think he is just trying to push me around because I'm a young woman & he probably doesn't think I know anything about cars. Any advice?
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Replying to: oquaina (Apr 06, 2009 11:09 am) Is there a reason why you want demo car? Because it is cheaper? Young woman should not buy a new or used car alone.. do you have father or brother? Be very careful, I have read of people who paid demo models from previous year more than experienced buyers did new one with 0 miles.
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Replying to: postmortem (Apr 06, 2009 10:18 pm)
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Replying to: oquaina (Apr 07, 2009 2:33 am) Go to cars.com. See how many of the new vehicles are available within 50 miles or so of you. The chevy website may be more informative. If its the only one in the exact color and options you want go for it. Obviously, you have shopped for financing as you know you can leave $1500 or more on the table there over 4-5 years. Deals are in "" quotes as what a good deal from a bankrupt company with "govt guaranteed" warantees is worth is open to question. Personally, I would be looking for around a $18000 purchase price. Whether they let it go for that (or less) would depend on their sales this month. Good luck --jjf They offered me 20,500 walk out price. It only has 1100 miles on it. I think it's a fair price since the sticker was around 27000 (it's loaded). My husband went with me, but I wanted to be as knowledgeable as possible before I went in. Do you think that is a good price? I'm going today to sign. |
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