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Pontiac GTO, Coupe
#196 of 317 Re: pricing on 2004 GTOs [gtoken]
Dec 01, 2005 (10:34 am)
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...
#197 of 317 Re: pricing on 2004 GTOs [hammen2]
Dec 01, 2005 (11:59 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
Dec 03, 2005 (7:10 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.
Grafton, Massachusetts (near Worchester)
#200 of 317 2005 GTO for $28,900
Dec 18, 2005 (6:47 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...
Jan 04, 2006 (10:15 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.)
#202 of 317 Re: What's after Red Tag, I wonder... [rcc442]
Jan 13, 2006 (6:02 pm)
Well, the move to a $3000 rebate hasn't happened yet, Red Tag has not been extended, and now I doubt it either will happen, since there are so few 2005's left on the dealers' lots (here in South Florida, anyway).
But, here's something interesting... it appears GM has reduced the price of the 2006 model by $1005 (base MSRP now $31,990, vs $32,995), and there is a $500 rebate. Since the 2005 rebate is still $2000, that effectively makes the 2006 model only $495 more than the 2005, which is WELL worth it. Of course, this doesn't take into account how much more a dealer might be willing to deal on a 2005 versus 2006, and any incentives GM may be throwing at dealers on 2005's (which, of course, an ordinary person can't find out, meaning you are, in effect, bargaining with one eye closed).
#203 of 317 Re: Pontiac GTO: Prices Paid & Buying Experience [kirstie_h]
Feb 28, 2006 (7:27 pm)
Go used I got an 04 with 9900 Miles Blk/red out the door with tax for $22,000. The selling point was they let me (an unaccompanied 21 year old) walk on the lot and test drive it on the spot without any salesman with me. After one drive I was sold.
#204 of 317 drivers seat problems
Mar 10, 2006 (11:30 am)
I bought a 05 6speed and I love it. One problem : the seat makes an audible click on acceleration... major pain on the rear.
I am not convinced that the local dealership has any clue about what to do... so I'm a bit concerned.
Drive your GTO hard on the test drive and make sure that you drivers seat doesn't 'click'.(esp around corners under acceleration)
#205 of 317 Re: Pontiac GTO: Prices Paid & Buying Experience [gtoguy]
Apr 01, 2006 (1:58 pm)
Any recent prices out there. i am in ohio and looking at '05s in the $25-29 range. think this is better than paying full price for '06 and getting depr. hit since no major changes in car from 05' to '06.
so looking for any interesting new news!