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Prices Paid: Buying & Leasing Experiences Pontiac G6 Lease Questions
95 messages, Last post on Jul 16, 2009 at 11:38 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: pontiacgirl (Apr 28, 2009 7:07 am) Unfortunately, our Pontiac's have already took a huge a hit in depreciation. My 08 G6, loaded with every option except the V6 is only worth $17k tops. Trade in value is only about $11-12k. That is bad! Trading the car could be an option, but with values so low, you must look at your trade in value versus your pay off amount. I still owe $20k. I am angered by this, as it is not valued correctly anymore. We do lease, so this should be the least of our worries. I personally want out of my lease now. Love the car itself, but the 4cyl engine is really bad! I think the tranny is acting up. This is my first and last GM car. You will not need to do anything. GM has stopped leasing for months now, so the current leases will be honored and returned accordingly. Of course, the values and numbers are way off now. It does not work to our advantage anymore. Just be thankful you lease, and can walk away when the time comes. Hopefully your buy out, if you choose to purchase the car afterward is somewhat on track. Me, I will drop the thing off, and moving on to an Acura or VW. You guys must have longer leases? I have an 08, and its up in 04-29-11. When my values line up better... I will get out early. Now if the dealer can fix my engine, because I think its off a bit, then I could stay in it the whole time.
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Yes, well at least you are covered!! Many will choose a longer lease, because the payment is better. But, it is really better to choose the standard 36mth or even a 24mth lease. That way you are covered, and paying a little more or the standard amount is much better than being stuck with it for as long as you would with a loan 4 or more years is crazy for the lease. But, it sometimes gets so crazy when you get a new car, so much information. Only if we all slowed down and read the fine print. Perhaps, I wouldn't be in my 08 G6 lease now. Perhaps, I could have gotten something else. I leased to cars in one day, an 08 VW Jetta SE and then my 08 G6. I just wanted it done and over with. But, I have to be thankful, I don't own the G6, its a lease, I can walk away in about 2yrs, worse case scenario. Its just a car. I do get to drive the Jetta every now and then. I too will never be back to a GM product. I simply will not stand behind their name, not after dragging us all through the mud. I too will be choosing a Honda Accord, Acura TSX, or a VW. By then they will be offering a V6 on the TSX!! That will be a hot car!
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Replying to: bvdj84 (Apr 29, 2009 5:09 am)
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Replying to: pontiacgirl (Apr 29, 2009 8:00 am)  We have always had honda's and VW in our family, and we haven't had any issues with them. Just normal upkeep. The services are more expensive though on the VW. I love VW, they are fun cars. The quality is high too. The engine is high revving and smooth, efficient. The 06 4cyl Accord I had was so strong and refined. It was like a little race horse. Not a race car, but it had some ummphh. The G6 4cyl is no where near that. I truly miss my Accord. I never wanted the G6, it wasn't really by choice either, but, atleast I tried it, and now I know that I not truly happy with it. The car its self is great, but the engine is a huge let down. Why do you think most go with the V6 in a GM car? Anyway..... I am going to take my car in, and simply tell them my transmission is going off a bit.. I feel that something is just not right. If everything is normal, well, okay. but I might have my friend take over my lease. She wants a G6. Then I can start all over again. People will just laugh that I got a new car again. lol. |
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Replying to: starrlight_00 (Apr 25, 2009 2:20 pm) As far as your car's warranty goes, General Motors will continue to honor your warranty and you should be able to take your car to any GM dealer to have work done on it. The bigger question is what happens to your car's warranty should General Motors file for bankruptcy. This is pure speculation at this point, but if GM does end up filing for bankruptcy (and if I was a betting man I'd guess that it will) the U.S. government will likely come out with some sort of promise to honor its warranties while the bankruptcy proceedings are going on. Once the company emerges, it would likely continue to honor its existing warranties as if nothing had ever happened. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (May 05, 2009 2:13 am) |
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Anyone know what kind of finance offers might be available for GMAC early lease buyout?
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Replying to: poponomo (May 07, 2009 11:45 pm) |
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My lease is up next month on my 2006 G6 V6. Is there a chance that the dealership does not want the car back due to the economy/not being able to move the car/is a dead brand that I can negotiate down the final purchase price and not be saddled with payments for several more years? I should note that the power steering light keeps coming on (even though there appears to be nothing wrong with the power steering), which was taken to the dealership to be repaired more than once, and was told they had no idea how to fix it properly. Would this help in said negotiations?
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