Last post on Nov 29, 2010 at 4:36 PM
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Pontiac G6, Car Leasing, Car Buying, Convertible, Sedan
#164 of 173 Re: Chances of receiving a cut rate final purchase price? [whoosierdaddy]
Jul 16, 2009 (10:03 am)
Yeah, that's what I've been finding. Admittedly, the only problem I've had with the G6 is that blasted power steering light. This is the model with the fly-by-wire PS, opposed to the hydraulic, so my best guess is the problem lies with a sensor of some sort. What the GM garage did the two times I took it back was to "reset the steering wheel position". Whatever they did was a temporary fix, because no sooner than 5 days later, the light came back on.
#165 of 173 Re: Need help!!!! [moonbaby8783]
Jul 16, 2009 (11:38 am)
they will honor the terms of the lease. I have an '07 G6 also and made sure to double-check with my dealer on this as well. As you might already know, they estimate an end value for the car when you sign the lease, based on the mileage plan you take. The amount financed is the car price, minus this amount. If the car is worth less at the end, usually because of damage or mileage overage, it's best to just walk away and get a new one If you are over the agreed mileage, you will also owe the mileage fee. I am on my third smart lease and have always traded the car in at the end (i get bored with my cars after 3-4 years). Technically, if you don't want to keep the car and finance the difference, they are supposed to charge you a disposal fee of around $250. I have never had to pay this, since I've always gotten another car at the same time. They will usually just dismiss the fee. You walk away, and start the new car from scratch with a down payment, etc.
I've never had an issue with the amount they estimate on worth of the car. I don't think they've ever even test driven it or inspected it when I traded them in; whatever the contract says is what they've worked with. I've also traded my cars in sooner because I didn't want to go over mileage; if you do this, you owe whatever months are left on the lease. Oftentimes they would offer to pay off whatever months were left on the lease or part of them. GM runs offers like this too periodically. I'm not worried about having an issue in Aug 2011 when my lease is up; I just don't know what I'll buy next, since I'm such a hardcore Pontiac girl!
#166 of 173 End of Lease question
Jan 18, 2010 (4:15 am)
I currently have a 2006 Pontiac G6 and my lease will be up around June (4 year lease, pmts of $276). I plan on just returning it because I cannot stand the car any longer. It seems in the past year, everything has begun to slowly fall apart on it (known issues by Pontiac, such as the lack of slack on their tubes for sun rooofs, etc.). Also, the trim on the car doors is very poor.
Does anyone know, if with a lease, there is any trade-in they apply if you plan to buy a New car? Or, is it like buying a new car with just a down payment and no trade in?
#167 of 173 Re: End of Lease question [tarvw]
Jan 18, 2010 (7:33 am)
I am thinking that there is no incentive to trading in your car. But, please check before doing so. At this point, you could break even or have some positive equity in the car. Now, I would highly advise you to look at a different company all together before settling on another GM product. You might find much more value and quality in the car. There are so many others cars that are holding their values, and show much more quality and will so years later too. Example: The new Malibu is made up of many parts from the G6. Obviously, GM is not wanting to try that hard.
Consider this your chance to get out! Get a nice car with good value to back it up.
I will be curious to see what your car gets on trade in.
I also drive an 08 G6, plan to trade in the Spring. No issues recently, but has had a new catylic converter, new front brake pads, new fuse(so I could roll my windows down, 2 times replaced, new door window switch to fix that issue, their is a more obvious transmission problem now. Starting to show symptoms more often, consistently=it jolts/slips between 1-3gears somewhere.
Love my car for its design concept and for the memories in it, but not for the car itself. Engine is a big let down.
#168 of 173 Re: End of Lease question [bvdj84]
Jan 30, 2010 (7:01 am)
Trade in: I am thinking about what I should do about trading in my car!
I have about 27,000 miles on it and the lease allows 39,000 miles. Expires: 07/11
Therefore travel about 1,000 miles per month, I will have about 36,000 miles by december of this year. Then, I am bordering on going over. Which is not good!
Either way I know I will have some negative equity, but will it be better now? or later?
Over on miles? or under miles, under on lease.
I am thinking that when I get my next oil change soon, that I'll ask my dealer abut what I should do. And see if I can get some realistic numbers. Because, I honestly, do not know what I am dealing with.
Last time, I went was last Spring, and I was roughly $6,000 negative, but that was only 1yr into the lease, this time, I will be 2yrs. But, now my trade in value could kill me.
Coupled with incentives, I could get out decently perhaps. People trade all the time. I'll push for it. Maybe when the snow clears up!
#169 of 173 Re: End of Lease question [bvdj84]
Feb 16, 2010 (2:33 am)
Hi bvdj84. While I haven't researched the trade-in values of Pontiac vehicles lately, I have a sneaking suspicion that your G6 will be worth no where near its purchase option price at this point. If I had to make an educated guess, I'd say that chances are that you will end up spending big bucks to get out of your car at this point.
You will probably be better off waiting until you are closer to the scheduled end date of your lease to do something.
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#170 of 173 Re: End of Lease question [Car_man]
Feb 18, 2010 (9:49 am)
Thanks Car_man! Yes, It would be a good option to wait too! But, considering how much lower will my value decrease as well with age and mileage. I am willing to check with my local dealer where I leased it from. They might be able to work out something with me.
Swapalease company might have a program to get me out too. That would be so awesome, this option would get me out, walking away clear of owing anything!! But, that is getting someone to want my car! It has great options,
but however, with the transmission acting wierd...they would inherit the issue. I would feel bad about that! However, I would disclose this to the dealer, only after I trade, because why should I have to take a hit for "GM"'s problem? Not my car right?! I am sure there have been many other cases like this. But, I am sure the dealer will not disclose the issue to the new owner. It happens all the time.
I just want out!! Either to a VW or Honda product! I just feel that continuing putting more miles on it, already over what I should be at this point in the lease by about -4-6,000 est. So this will hurt me later too!
#171 of 173 Re: End of Lease question [bvdj84]
Mar 24, 2010 (1:46 am)
You're welcome, bvdj84.
Prices Paid: Buying & Leasing Experiences Forum
#172 of 173 2007 Pontiac G6 GT
Nov 28, 2010 (6:41 pm)
Two questions :
1. Fram makes a cabin air filter for this vehicle, but I cannot find the cabin air filter. Any help?
2. 18k miles on vehicle and I'm getting a burntoil smell through the air vents. Not losing any noticeable amounts of oil and cannot find a leak.
#173 of 173 Re: 2007 Pontiac G6 GT [petersonc]
by kyfdx@Edmunds HOST
Nov 29, 2010 (4:36 pm)
Welcome to the forums!
This discussion is for questions about leasing a G6 (or at least, it used to be).. You'll probably have a better chance of getting an answer to your questions in the general Pontiac G6 discussion.. Just click on the link to go there...
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