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Pontiac G6 Prices Paid and Buying Experience - READ ONLY

173 messages,  Last post on Nov 29, 2010 at 5:36 PM

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What is this discussion about? Pontiac G6, Car Leasing, Car Buying, Convertible, Sedan

Messages Page 14 of 18

#124 of 173 Re: Current lease #'s [tripowergto] by Car_man HOST

Feb 01, 2008 (4:52 am)

Replying to: tripowergto (Jan 06, 2008 1:23 pm)
Hi tripowergto. Here's the information that you're looking for. GMAC's current base lease rate and residual value for a 24 month lease of a 2008 Pontiac G6 without the SV package with 12,000 miles per year are 2.35% and 62%, respectively. The numbers for an otherwise identical 36 month lease are 2.35% and 55%. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. One can convert lease rates into approximate money factor equivalents by dividing them by 2400. So, a lease rate of 2.35% would be equal to a money factor of around .00098. General Motors is no longer providing lease support on 2007 models, but it does have support on most '08 models.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#125 of 173 2008 G6 GXP by nishkiara

Feb 02, 2008 (10:27 am)

Hi Car Man!
 
I'm planning to lease or buy a G6 in the next two weeks. My credit's not great so I think I'm going to have to buy instead of leasing. I'm thinking the SmartBuy will be my option. I was trying to figure out what my payment would be with the employee discount and 2000.00 down. I may get 500.00 for my trade. The MSRP is 26,455. I couldn't come up with anything realistic, I don't think I understand how to calculate it. I see the offer here in Michigan in 2000 cash back, is this for a buy only? Help!

#126 of 173 Thanks... by tripowergto

Feb 09, 2008 (9:20 am)

Thanks Car man. Luckily I was able to negotiate my best lease deal before all the best incentives ran out on 1/31. Here's my deal:
 
I finally purchased my G6 lease on 1/30 after shopping nearly a dozen dealerships over a three week period. I secured the exact optioned car I wanted at best possible price with all available incentives included(most expired 1/31)
 
Here's the pricing breakdown:
 
2008 Pontiac G6 sedan midnight blue metallic with V6 performance sport package, preferred package, sun & sound package and chrome appearance package.
 
GMAC 39 month smartlease with 12K miles per year.
 
MSRP $23,330
Capitalized Cost $22,777
 
Discounts:
 
Dealer Cash $874.
GM Card Top-Off $3043.
GM Loyalty Lease $500.
GMAC Lease Cash $300. + 3.3% w/no security deposit
97 GP GTP Trade $1800. 109K loaded & nice but some issues
 
Total discounts $6517
 
I made my 1st payment + basic DOC fees total of $288, with 38 remaining payments of $158.73 for a brand new, well optioned V6 G6. Optional end of lease purchase price is $12,868. THANKS for a KILLER deal GM!!!!

#127 of 173 2008 G6 in Ohio by robertkaleal

Feb 27, 2008 (7:35 pm)

Hey! Would it be possible to quote me an approx lease price for a 2008 G6 Base with preferred package, sun and sound package, and XM satellite radio (total MSRP $22,290)? I live in Cuyahoga County, OH (8.5% tax, I believe) and would be indifferent to a 36 or 39 month lease and need 12,000 miles per year. I currently lease a GM vehicle and would retain that lease when I got this vehicle. I saw above that the rate was 3% but I wasn't sure that was for Ohio and I wasn't sure if the 56% residual quoted above was correct or not. I am also unsure of total incentives available.
 
Thanks much

#128 of 173 Pontiac G6 convertible lease questions by njbloke

Mar 07, 2008 (10:24 am)

Hi
  
This forum is excellent.
 
I am looking for the current money factors and residuals for a 2008 G6 convertible for 36 months with either 10K or 12K miles per year. Is GM currently offering any lease incentives? Also, about how much over invoice (including destination) should I be aiming for?
 
I don't know if this matters, but I have excellent credit (high 700/low 800).
 
Thanks in advance for your assistance.

#129 of 173 Re: 2008 G6 GXP [nishkiara] by Car_man HOST

Mar 13, 2008 (2:22 am)

Replying to: nishkiara (Feb 02, 2008 10:27 am)
Hi nishkiara. Unfortunately, because they are so much less popular than lease programs I do not personally keep tabs on the details of manufacturers' balloon note programs. GMAC's SmartBuy program is very similar to its lease program. I don't see why you would approved for it and not for a lease. In general GMAC is fairly lenient in who it allows to lease vehicles. Unless your credit is absolutely destroyed, I would not be surprised if they did approve you for a lease.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#130 of 173 Re: Thanks... [tripowergto] by Car_man HOST

Mar 13, 2008 (2:24 am)

Replying to: tripowergto (Feb 09, 2008 9:20 am)
You're very welcome, tripowergto. Congratulations on getting such a ridiculously low payment on your G6. Thanks for stopping back and letting us all know how everything turned out. Don't forget to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with everyone. Enjoy your new ride .
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#131 of 173 Re: 2008 G6 in Ohio [robertkaleal] by Car_man HOST

Mar 13, 2008 (2:33 am)

Replying to: robertkaleal (Feb 27, 2008 7:35 pm)
I'd be happy to help you out, robertkaleal. You never mentioned what this car's selling price is, so I am going to have to make an assumption to calculate a lease payment on it. The car that you described has a spread of right around $1,400 between its full MSRP and its dealer invoice price. Plus, GM is providing $500 lease cash on it right now. That gives you a total of $1,900 to play with during negotiations. I will assume a $1,500 discount for this exercise. According to my calculations, if you were to lease a base 2008 Pontiac G6 that has an MSRP of $22,290 and a selling price of $20,790 through GMAC right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $278. I used a lease rate of 2.95% and a residual value of 55% to calculate this payment.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#132 of 173 Re: Pontiac G6 convertible lease questions [njbloke] by Car_man HOST

Mar 13, 2008 (2:48 am)

Replying to: njbloke (Mar 07, 2008 10:24 am)
Welcome njbloke. I;m glad that you like this forum so much. Here's the information that you're looking for. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 Pontiac G6 Convertible with 12,000 miles per year are 2.95% and 55%, respectively. The lease rate for a lease with only 10,000 miles per year would be the same, but the residual value would increase to 57%. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. So a lease rate of 2.95% would be equivalent to a money factor of around .00123. When negotiating your lease on this car, make sure to take the $500 lease cash that GM is currently providing on it into account. If I was in the market for this car right now, I personally would shoot for a couple hundred dollars over dealer invoice prior to the reduction of the $500 lease cash, or slightly under invoice with it.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#133 of 173 Re: Pontiac G6 convertible lease questions [Car_man] by njbloke

Mar 13, 2008 (6:09 am)

Replying to: Car_man (Mar 13, 2008 2:48 am)
Thank you for this valuable information.
 
You mentioned that there is 500 customer cash back on the lease, but when building the car on Pontiacs website, you get 2500 cash back. Is this only applicable to purchases?
 
In addition, how much does the money factor/residual change if the lease is increased 3 months to 39 months?
 
Lastly, how should one approach leasing a left-over 2007? How much under invoice should one aim for, and would the lease programs be the same regardless of model year?
 
Thanks again.

Messages Page 14 of 18

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