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Pontiac GTO Prices Paid and Buying Experience

317 messages,  Last post on Mar 22, 2008 at 8:54 AM

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What is this discussion about? Pontiac GTO, Coupe


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#32 of 317
is this a good deal on 04 gto?? by dat2
Dec 27, 2004 (9:25 pm)
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Hey-
 
I have worked a deal on an '04 gto, 6 spd, silver, red seats, build date 06/04, 160 miles on clock, $25,600 plus tax, tags, and $400 proc fee, 2 free oil changes,
 
trade in allowance $15,000 on my '05 scion tC 5 spd with 13,000 miles on it, and a few dealer options such as TRD exhaust and strut bar. HOW IS IT?? Should I have been able to do better??
#33 of 317
Re: Good Deal [gmguy1177] by mattress
Dec 28, 2004 (7:24 am)
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Replying to: gmguy1177 (Dec 22, 2004 2:10 am)

Being fortunate enough to get the GM Card bonus, I found that the best deal was the 24 mo. GMAC lease. With dealers selling the 2004 at invoice, the payment is well under $100 per month, with zero cash down. I wasn't planning to get a new car, but how could I resist. Thank you GM!
#34 of 317
by tripowergto
Dec 28, 2004 (11:35 am)
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What would the selling price/rebates have to be to get $100 month lease at 24m/24k?
#35 of 317
My lease by cracovian
Dec 28, 2004 (7:06 pm)
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I got my 2 year lease for $126 a month x 23. 12K mile allowance, the total of $2898 payments, drove from Atlanta to Chicago for Christmas next day, the car drove great and it's a steal! GM might have gotten hosed in that deal but they got this import boy converted for sure It's a PS2 on wheels!
#36 of 317
Re: [tripowergto] by mattress
Dec 28, 2004 (10:30 pm)
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Replying to: tripowergto (Dec 28, 2004 11:35 am)

Selling price before rebates $31,282 (auto trans), less GMAC $5500 rebate less GM Card $6000 rebate. 24 mo/12,000 lease.
#37 of 317
Re: [mattress] by carfact
Dec 29, 2004 (9:49 am)
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Replying to: mattress (Dec 28, 2004 10:30 pm)

What was your money factor rate and residual value after 2 years?
#38 of 317
Re: [carfact] by mattress
Dec 29, 2004 (11:03 am)
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Replying to: carfact (Dec 29, 2004 9:49 am)

Residual value was $21,101.85. I don't know the money factor. I ended up doing a single payment lease to get the cost down even further. I paid $1272.48, including 10% PA use tax. Backing out the tax, the payment is under $50 per month! The dealer had to play with the GMAC system to make the numbers work, because the payment was so low. But other dealers could do the same thing, so it shouln't be an issue for you.
#39 of 317
Re: [mattress] by carfact
Dec 29, 2004 (1:30 pm)
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Replying to: mattress (Dec 29, 2004 11:03 am)

Thanks. So had you not paid the $1,272.48 your monthly payment would be around $75/month versus the under $50/ a month? I'm curious...what do you mean by a single payment lease?
#40 of 317
Re: [carfact] by mattress
Dec 29, 2004 (6:27 pm)
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Replying to: carfact (Dec 29, 2004 1:30 pm)

A single payment lease is an upfront payment, in this case $1,272.48, which pays for the entire 24 months. There are no monthly payments. Given the relatively small amount of money involved here, it made sense.
#41 of 317
Re: [mattress] by carfact
Dec 29, 2004 (7:57 pm)
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Replying to: mattress (Dec 29, 2004 6:27 pm)

Thanks for the information. If you don't mind me asking.....approx. how much did you save by going with a single lease payment as opposed to a monthly payment? I'd heard that there is a GMAC lease admin charge of $495? and other deposit fees involved besides tax and interest that possibly were part of your $1,272 payment? I live in IL and think my tax is based on the full purchase price of the car instead of the lease duration portion.
 
I'm going to the dealership tomorrow for some fun negotiation time and number crunching and found your information very useful.
 
Thanks

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