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Sedans Pontiac G8 2008 Pontiac G8
1265 messages, Last post on Jul 21, 2009 at 10:14 AM
You are in the Pontiac G8 Forum. Your Hosts are pat & karens
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Despite lots of Google searches I can't seem to find the answer to this question... I've heard that the GXP version of this car is going to get slapped with the gas guzzler tax which could amount to a couple grand. The simple question is, "If I'm going to lease this car, do I have to pay the entire tax during the term of my lease?" If the tax were $2,400 for example and I leased for 24 months, another $200 each month on the payment is really going to stink! 
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Replying to: michael1973 (Jun 25, 2008 5:29 am) Since the tax is added to the MSRP, you will need to pay at lease a portion of the tax for how long you use it at the very least. The importer pays so I assume the lessee will get passed this tax. Very good question and part of the answer is below. Here is the instructions on the tax form for the importer or MFG.: Use Form 6197 to figure the gas guzzler tax. The gas guzzler tax is imposed on the sale, use, or lease by the manufacturer or importer of an automobile of a model type that does not meet certain standards for fuel economy. Automobiles imported for business or personal use are subject to the tax. If you import a gas guzzling automobile, you may be eligible to make a one-time filing for which no employer identification number is needed and no deposit is required. See One-Time Filing below for more information. If you need more space, attach a schedule in the same format as Part II. If you import a gas guzzling automobile, you may be eligible to make a one-time filing of Form 720 and Form 6197 if you meet both of the following conditions: Instructions for Part I The tax liability is figured each quarter and reported on Form 720. See the Instructions for Form 720 for information on how to We need to find out the tax treatment in the lease contract. Regards,
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Replying to: circlew (Jun 25, 2008 6:49 am) Where the rubber meets the road is that I have a 27 month lease on a Saab 9-5 which ends a year from October (16 months left). My father-in-law is retired GM so I get GMS pricing. Both the G8 GXP and my Saab 9-5 are going to sticker for the same amount ~$40k. I'm wondering whether when all is said and done their lease payments will work out to be similar. I'm hoping that the G8 works out to be less so that I can tell my wife that even with the poor gas mileage the cost-to-own works out to be similar. |
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michael where did ye hear that the GXP version will get gas guzzler tax? If it's only available with 6-speed, i doubt there will be a guzzler tax. If there's a GXP with automatic, OK, I'd believe a guzzler tax for that one! If you are considering an automatic GXP, just give in now to "THE PRIUS HAPPENING".. OK, just kidding - any of you can buy a GXP automatic and I promise not to remind you more than once per month how much you wish you had got the stickshift.
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Replying to: elias (Jun 25, 2008 12:18 pm) The rest of the article can be found here.
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Replying to: michael1973 (Jun 25, 2008 2:26 pm) Regards, OW
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Replying to: circlew (Jun 26, 2008 3:17 am) I'm debating the following cars next winter/spring: G8 GT G8 GXP 2002ish 911 C4 Have to see how it works out moneywise etc. -mike
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Replying to: paisan (Jun 26, 2008 6:19 pm) Good luck and happy hunting! Regards, OW
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Replying to: circlew (Jun 27, 2008 3:52 am) -mike |
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I think the G8 should be the model car that Pontiac uses to create future models of their line up. It looks very sharp, classy. The overall look is quite simple, but that is what makes it look so nice. It is the fact that it does not look overdone and laid out very well. The newer design on the grills and lights look more upscale than before. I believe the darker gray, white are the best colors of the G8. The interior is more upscale, and seems to have a better fit and finish. Even without the leather interior, it looks great. Although, about the same size as its competitors, I know that it is sport sedan, but offering a high performance 4cyl, would be a great option, only since the gas prices have gone up so much. Many sedans of this size offer this, and I feel more would opt for this option, while get some performance, and economy. I would totally get the 4cyl on this car if they offered it. But, again it is target more for the sport enthusiast. If the option was there, I think it would sell more, and after all this car had a debut when the economy is not so hot. I am just thinking realistically. Hopefully they will sell successfully at this time. |
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