Last post on Nov 23, 2013 at 5:32 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Chevrolet Malibu, Chevrolet Malibu Maxx, Hatchback, Sedan, Wagon
#708 of 775 Re: Prices Paid for Malibu [pao]
May 30, 2009 (6:17 pm)
If one pays the normal $20000 for a 27000msrp 09 Hyundai Sonata limited, it is not worth getting excited about 7000 off msrp, as the 08 Sonata has a trade in value of $11000. (if that)
In this example, one (many on the Sonata forum) has paid $9000 to drive a average sedan the 1st 12 months. This is whether you drive the car 1year or 10 years. One may also be paying finance charges on the 9000 for 5 years and be instantly underwater. Many are paying $6000 to drive the $20000 msrp Gls for 12 mo. $4000 off msrp here no great shakes.
Buyers of the 09 Mazda3 i touring value edition were buying the car all day long in the $15000's, with a trade in of about $13000 on the 08 model. $2000+ to drive a (above?)average consumer car 12 months is unordinarily cool. $6000-9000 less so.
Average buyers of the 09 Honda accord may be eating $3000 or less to drive their car the 1st 12 months. (08 trade-in 18-20k) Good. Average buyers of the $24000 msrp Chevy Impala may be eating 8000 or so to drive it the 1st 12 months. Bad (08 trade-in $10000)
most people these days dont consider a trade in value since most keep a car longer than 5 years now.....at that point....trade in value is a mute point.....
So that's settled, nyet, nada, no, nunka
Large differences between 1yr trade in and msrp usually indicate significant dealer (advertised and unadvertised) incentives, very good marketing gimmicks or legitimate financing incentives on the particular car, or shuttling off production to rental fleets.
Paying 15-25% over a model's 08 trade-in value for a new 09 model I'm sure you will agree is much better than paying 50-80% over. Do you think that is enough to offer on the forum? Some models represent much better value over others.
I have very little concern with Gm's or any other nameplate's marketing gimmicks. Trade in protection, etc etc... Especially now. GM and Chrysler can offer nothing but taxpayer funds for the forseeable future if anything.
dont understand your point of constantly quoting trade in values of a year old car JJF.....that is all you seem to want to offer on the forum.......most people these days dont consider a trade in value since most keep a car longer than 5 years now.....at that point....trade in value is a mute point.....and do your numbers reflect GM advertisements of trade in value guarantee should you opt to by another like brand?.......
#709 of 775 Re: just recieved internet quote for 2009 malibu LS [steven39]
May 31, 2009 (1:52 pm)
Those prices aren't that good.
I am seeing LS, LT and LT1 trims sell for about $2,500 to $3,000 below MSRP, but the kicker is that I have a friend who works at a dealership (that sells Chevy among three other brands), and he's told me sales have literally tanked in the last two weeks as people await GM's bankruptcy filing tomorrow.
No one knows how the act of filing is going to affect foot traffic or confidence in even GM's formerly better selling cars like the Malibu and CTS.
Wait and see...
I would NOT buy a Malibu now if at all possible to avoid it.
Jun 11, 2009 (11:01 am)
A reporter from a finance magazine is looking to speak to consumers who purchased a vehicle and ended up with some options by the dealer at little or no extra cost. Please send your daytime phone number and the vehicle you own to ctalatiedmunds.com by Tuesday, June 16, 2009.
#711 of 775 Re: just recieved internet quote for 2009 malibu LS [mikemartin]
Jun 12, 2009 (3:02 pm)
"I would NOT buy a Malibu now if at all possible to avoid it."
Really? GM has filed for bankruptcy re-organization and the world hasn't come to an end. What has ended are some of the incentives, according to my dealer. June incentives are not quite as good as in May because sales of the Malibu were strong in May.
So if I had followed your advice, which was based on nothing but speculation, I would have paid $1,500 more for a Malibu on June 1st than I did on May 31st.
I qualified for FOUR incentives in May: 1) Credit Union/Buying Service price, 2) $1,000 conquest price (switching from another manufacturer), 3) $2,500 standard cash back, and 3) $1,000 lease incentive because I will be ending a lease on another vehicle in 3 months.
So I basically paid $4,500 below the vehicle Program Price, which is a couple hundred below the Dealer Invoice cost (not MSRP).
I'm not sure if this has been discussed here, but if you belong to a credit union or to Costco that has a car buying service, dealers will give you that price without using the service.
I bought this car for my niece as a graduation gift, but I'm driving it for a few weeks. I'm very impressed with this car for the price. And that's saying something because I'm a long time BMW driver.
#712 of 775 is it a good price
Jun 13, 2009 (6:11 am)
I got a price of $ 500 below invoice on loaded ltz malibu
with upromise web site. This is in florida do you guy think
there are better deal out there or is the best i can do.
#713 of 775 In Portland this week...
Jun 20, 2009 (8:59 pm)
An '06 driftwood Malibu Maxx LS (I think - had cloth seats) with a 1 year dealer warranty (Carr Chevrolet) was going for around $7500. The dealer is in Beaverton, OR (the sale is in the Beaverton Kmart lot).
Ironically, what they were asking was the same I got in trade for my '04 Maxx LS about a year or so ago.
#714 of 775 2009 Chevy Malibu 2LT LT2
Jul 31, 2009 (6:55 pm)
Just paid 22886 minus 2000 in rebates. Rear power was the only addition.
So 20,886 then minus C.A.R.S. (4500)
#715 of 775 Re: 2009 Chevy Malibu 2LT LT2 [ktscott01]
Aug 03, 2009 (6:11 am)
What was msrp of car? I assume no trade in allowance since you got the clunker deal, yes?
#716 of 775 Price for Maintenance
Aug 13, 2009 (12:33 pm)
I have a 2005 Malibu about 48k miles. Chevy dealer told me that I need transmission flush, induction service, and mass air flow cleaning. Here is the price list,
Transmission flush: $206
Induction service: $154
Are those service necessary, are those prices reasonable???
Thank you very much for your advice.