Last post on Jul 29, 2009 at 4:11 AM
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Pontiac G8, Car Buying, Car Leasing, Sedan
#147 of 156 Re: G8 GT MF and Residuals??? [paisan]
Aug 10, 2008 (4:35 pm)
Aha - I see.
#148 of 156 Re: G8 GT MF and Residuals??? [paisan]
Aug 10, 2008 (4:39 pm)
Recalced, with incentives, etc. no more than 27.5k full loaded (Sport, Premium, Roof) at the end of the year. So figure about $29k with tax.
#149 of 156 Re: G8 GT MF and Residuals??? [paisan]
Aug 11, 2008 (5:02 am)
Keep us posted...my dealer has more G8 's on the lot that are not moving as fast as the first few they got.
Could be worth it for my next ride if that price is delivered!
#150 of 156 Re: G8 GT MF and Residuals??? [circlew]
Aug 11, 2008 (6:46 pm)
Yep, they are piling up on the lots. They'll have to do something. Not now, but later.
Also, keep in mind that the new Dodge Challenger is out, and if you look on ebay, they have literally 3 pages of them. Talk about an amazing car as well, but with the economy, they as well have introduced at a bad time. Though, I think the Challenger will get even worse mileage. It will impact sales.
#151 of 156 Re: G8 GT MF and Residuals??? [ix007]
by Car_man HOST
Aug 22, 2008 (2:47 am)
Hi ix007. forget about leasing a G8. At least for now, General Motors has basically pulled the plug on leasing. If you really want to lease a G8, you would have to do so through an independent bank, if one was willing to step up to the plate. The only incentives that GM is running on the G8 right now are is an unattractive 6.9%-7.9% special financing offer and of course its Employee Discount for Everyone promotion.
Prices Paid: Buying & Leasing Experiences Forum
Jul 26, 2009 (9:28 am)
Sorry to re-awaken a dead forum, but I was considering leasing a G8. I know what the selling price will be (based on discussions with dealer), they just haven't given me the lease price yet, and I figured I should go in prepared. Does anyone know the MF, residual % (2009 G8 sedan - 6 cyl, 15K per year), etc. that I could use to calculate a price.
Looking at a sales price of 23,500 (31ish MSRP). The reason I might be leaning towards leasing this car is that I don't know what the market will be like in 3 yrs, and depending on the price, I would rather lock in the loss I am willing to pay vs. be surprised by it later.
#153 of 156 Re: Lease Question [robertkaleal1]
Jul 27, 2009 (5:11 am)
Apparently, my dealer has stated that GM is still leasing, however there is a catch.
The interest on the leasing program is very high. They actually stated it could be as much or more than just getting a loan out on the car. That would be a bad idea for a car that you do not own. Sure, you can turn it back in, but you will be paying more on the car and have nothing to show for it. At least with a loan, you'll be paying towards the principal. A lot of wasted money to go right to interest alone.
Now this was back in May, I am not sure what has changed since then, probably not much.
#154 of 156 Re: Lease Question [robertkaleal1]
Jul 27, 2009 (4:40 pm)
The only leases that make sense are the "factory-subvented" ones, and there are none of those on Pontiacs right now. Don't hold your breath waiting.
Jul 27, 2009 (6:30 pm)
Alright, returned from dealer and they said the same thing bvdj84 said: 16-18% lease rates currently. So that option was out. Selling price was still $23,251, but financially it still isn't a smart buy. A value three to five years into the future wasn't looking so great before pontiac's planned shut-down, but with the shut down, I'm estimating it will only be lower. I really liked the car, I just cannot justify the financials on it.
If you're willing to buy and take it on the back end on this vehicle, they have some amazing deals right now. I just cannot justify the extra few thousand this would end up costing over some of my other options.
#156 of 156 Re: Back from Dealer [robertkaleal1]
Jul 29, 2009 (4:11 am)
Perhaps you could find another car with just as much fun! Look into a VW with a quick engine, or a new mazda. Their values would hold stronger too.
If you can pull the trigger on a G8 with a very good sale price, then do it. If not, walk away and look for another car.