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Pontiac GTO Prices Paid and Buying Experience - READ ONLY

317 messages,  Last post on Mar 22, 2008 at 7:54 AM

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What is this discussion about? Pontiac GTO, Coupe


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#192 of 317
Re: pricing on 2004 GTOs [pod] by gtoken
Nov 30, 2005 (12:32 pm)

Replying to: pod (Nov 29, 2005 2:14 pm)

I don't feel comfortable paying $25k on that car either when they are commonly going for $19k elsewhere in the country. I offered them $22.5k for it but haven't heard back. I figured the fact that it is brand new is worth something. I've been scouting out used '04s in my area, most are priced around $25-26k. The lowest I've found is priced at $22.3k. Most, if not all are around or under 10k miles. IMO, they are all overpriced. However, like you said, they *should* readily deal.
#193 of 317
2004 by pod
Dec 01, 2005 (5:37 am)
If you are interested in the 2004 (Black on black) gto I looked at in Massachusetts I would be happy to send you the dealers address and telephone. I am 61 years old and finally decided that it was too much car for my age and pragmatism. It was in great shape and the last time I looked was listed at $18.9K. The dealers were straightforward, no pressure and did mention that they were thinking of taking it to auction if it didn't sell soon. 7200miles. Fine shape in and out. New aftermarket SS dual exhaust with separate exits at the bumper. No other modifications I am aware of. It was the best deal I could locate.
#194 of 317
Re: 2004 [pod] by kirstie_h HOST
Dec 01, 2005 (5:54 am)

Replying to: pod (Dec 01, 2005 5:37 am)

Sorry, no contact information. Dealership name, city & state only. Thanks!
 
kirstie_h
Roving Host
Host, Future Vehicles & Smart Shopper discussions
#195 of 317
Re: 2004 [pod] by travisgregg
Dec 01, 2005 (9:10 am)

Replying to: pod (Dec 01, 2005 5:37 am)

Hi That one sounds very interesting, especially if its a 6 speed. What dealership is it ? Thanks
#196 of 317
Re: pricing on 2004 GTOs [gtoken] by hammen2
Dec 01, 2005 (9:34 am)

Replying to: gtoken (Nov 30, 2005 12:32 pm)

There were something like 165 '04's left on dealer lots back at the beginning of November (here's a hint... go to the Pontiac dealer locator, which defaults to the 2005's.... edit the URL in your browser window to 2004, and it will show you what cars are available. This also works for 2006 models).
 
The reason that most dealers don't like to go under $25k for the '04 GTOs is because that's the price point at which they break even. Figure dealer invoice, less holdback and the $5000 buyout GM gave them last January, and you're in the $25k neighborhood.
 
GM doesn't care/won't put incentives on these cars, for, as far as GM is concerned, these vehicles are already sold - to dealers.
 
I'm not standing up for the price, just trying to explain their logic. At this point in time I wouldn't pay $25k for a brand-new, never-titled '04 GTO - I think your offer of $22.5 was the sweet spot. For $25k I'd buy a used '05, or maybe pay $20k for a slightly-used '04 and put a ton of mods on it...
 
--Robert
#197 of 317
Re: pricing on 2004 GTOs [hammen2] by gtoken
Dec 01, 2005 (10:59 am)

Replying to: hammen2 (Dec 01, 2005 9:34 am)

I found out about the $5k buyout from a couple friends. An acquaintance who used to work at a dealer estimated they could sell the car for $24.1k without losing any money. This takes into account the invoice price, buyout and holdback. I realize the dealer is trying to minimize his losses and understand the figure he came up with. It just doesn't make any sense to spend that kind of money on a new '04 when I can get a used one around $20k with less than 10k miles. I suspect I'll hear from this dealer before the end of the year. I'm sure they don't want to pay taxes on it again.
 
I found the link you mentioned to all remaining '04s in another forum. There's an identical car to this one about 50 miles away so I'm going to see what kind of a deal I can get on that one.
#199 of 317
2004 gto for $18.9K by pod
Dec 03, 2005 (6:10 am)
I had attempted to leave the dealers name, town, state and phone number but the post was removed. Reading the above rules I guess the phone number was not allowed.
 
Anderson Automotive
Grafton, Massachusetts (near Worchester)
 
Good luck.
#200 of 317
2005 GTO for $28,900 by stevietgto
Dec 18, 2005 (5:47 pm)
Hopefully this is helpful to some other buyers, will be picking up my 2005 M6 w/18" wheels on Friday, $28,900 + tax, title, & tag. Was awaiting a post Red Tag return of the $3K incentive, but doesn't look likely, at least until January. I wanted specific color (MNB) and didn't want to chance losing the few left in inventory w/low mileage.
 
Yes, I was willing to travel. AirTran and Southwest have good one-way rates, most dealers will pick you up at the airport. Allow them to earn your business by knowing what's left nationwide. Watch out for those "doc fees", they're negotiable...
 
Good luck to all!
#201 of 317
What's after Red Tag, I wonder... by rcc442
Jan 04, 2006 (9:15 pm)
OK, so the Red Tag sale is over, and unlike Ford and Chrysler, GM has not extended their program. However, it appears the $2000 rebate is still available. Here in South Florida, the number of '05's on the lots has dwindled significantly with the end of the Red Tag promotion, but the one I have my eye on hasn't sold yet.
  
So, I wonder what will be next... Will the rebate simply go up to $3000 as it did for the '04's? Will we see another promotion? Or, will the dealers simply get an incentive (as reported elsewhere in this forum) as they did last January for the '04's?
  
Anyone know if the dealers have any extra incentives now? (Knowing if there are any would help in negotiating a price.)
  
Unfortunately by waiting, the extra GM Card Bonus cash ($500) also expired on Jan 3....
  
My worst fear is that things will simply stay the way they are right now and the dealers will be able to sell the remaining '05's simply with the customer rebate, making the '05's $2000 less than the '06's "while they last".
  
(By the way, I saw a new orange '06 yesterday... personally, I don't like the color at all (and I usually like orange... the old "Hugger Orange" from 1972, to be exact!). The new red is not bad, but it is only available with a black interior, not the red leather.)

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