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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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#35 of 317
My lease by cracovian
Dec 28, 2004 (6:06 pm)
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 (9:30 pm)

Replying to: tripowergto (Dec 28, 2004 10:35 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 (8:49 am)

Replying to: mattress (Dec 28, 2004 9:30 pm)

What was your money factor rate and residual value after 2 years?
#38 of 317
Re: [carfact] by mattress
Dec 29, 2004 (10:03 am)

Replying to: carfact (Dec 29, 2004 8:49 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 (12:30 pm)

Replying to: mattress (Dec 29, 2004 10:03 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 (5:27 pm)

Replying to: carfact (Dec 29, 2004 12:30 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 (6:57 pm)

Replying to: mattress (Dec 29, 2004 5:27 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
#42 of 317
Re: [carfact] by mattress
Dec 30, 2004 (7:23 am)

Replying to: carfact (Dec 29, 2004 6:57 pm)

I believe that the single payment lease saved me about $10-15 per month. Good luck with the dealer. I used www.gmbuypower.com to get e-mail quotes from several dealers. When I gave them the specifics of the rebates and lease term, I got bottom-line responses within a couple hours. This saved a lot of time and B.S.
#43 of 317
Re: 2004 GTOs by skip30
Jan 02, 2005 (5:40 pm)

Replying to: mattress (Dec 29, 2004 5:27 pm)

Went to two Southern California dealers today. One dealer quoted $462.65 a month and $1050.00 down for 24 months. That was with them keeping the $3500 (West Coast) rebate.
 
Second dealer was $3400 down and $299 a month plus tax (8.25%). When you figure it all out, they both wanted the same price.
 
Bottom Line: I will never buy a GM car again! They lost a good (Over 20 new cars and trucks)customer, forever.
 
I do not care if I get the "best deal" in the world, I just want to be treated fair.
 
You guys should be happy that you do not live in Southern California, because, we get ripped off left, right and center by almost everyone!
 
Sorry for the rant!
#44 of 317
Colorado Deals on '04? by honkinunit
Jan 02, 2005 (8:13 pm)
Unfortunately, CO is in GM's Western region, which only had the $3500 rebate. gmbuypower.com shows over 50 '04 GTO's at dealers in the Denver area, so I have to believe there will be some kind of additional incentives. This is not a Colorado kind of car... Does anyone have any inside they would like to share?
 
My bottom line is this. I'll buy an M6 if I can get it for 22k. It looks like some people in the east have hit this price. I don't have a GM card (I used to have one, and cancelled it after I used the rebate to buy my pickup in '99). I'd sure be willing to get another one though, if it saved me $5000!

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