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Pontiac G8 Prices Paid and Buying Experience

138 messages,  Last post on Sep 09, 2009 at 8:42 AM

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What is this discussion about? Pontiac G8, Car Buying, Car Leasing, Sedan

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#131 of 138 GM special event vehicle by jacka1 Aug 10, 2009 (4:50 pm)
What is a "GM special event vehicle." Is there any reason I should avoid buying one?   A dealer has a G8 GT that's a GM special event vehicle for sale.   Thanks. Replies to this message: vinnyny (Aug 19, 2009 10:06 pm) jacka1 (Aug 22, 2009 12:09 pm) vinnyny (Aug 22, 2009 4:59 pm)
#132 of 138 Re: GM special event vehicle [jacka1] by vinnyny Aug 19, 2009 (10:06 pm)
Replying to: jacka1 (Aug 10, 2009 4:50 pm) "GM special event vehicle" usually means that the vehicle was used by a VIP at a golf tournament, race, or some other event. The cars usually have a few hundred miles and have never been titled. Replies to this message: jacka1 (Aug 22, 2009 12:09 pm) vinnyny (Aug 22, 2009 4:59 pm)
#133 of 138 Re: GM special event vehicle [vinnyny] by jacka1 Aug 22, 2009 (12:09 pm)
Replying to: vinnyny (Aug 19, 2009 10:06 pm) Thanks for the reply. I bought it w/380 miles on it and am very satisfied. Replies to this message: vinnyny (Aug 22, 2009 4:59 pm)
#134 of 138 Re: GM special event vehicle [jacka1] by vinnyny Aug 22, 2009 (4:59 pm)
Replying to: jacka1 (Aug 22, 2009 12:09 pm) They're generally very good deals for people lucky enough to find them. I hope you did well.
#135 of 138 Future resale values by don_nc Aug 27, 2009 (5:31 am)
Now that the latest status of the G8 is that it's not going to live on in a Chevy form, what do ya'll think the resale value of the G8's will be in 2 to 3 years ? At just under $30k, it's a little more than I care to spend on a car so I'm hoping it'll depreciate like (or faster) than typical GM cars do.   Thanks Replies to this message: whoosierdaddy (Aug 27, 2009 1:20 pm)
#136 of 138 Re: Future resale values [don_nc] by whoosierdaddy Aug 27, 2009 (1:20 pm)
Replying to: don_nc (Aug 27, 2009 5:31 am) If the Pontiac GTO (also made by Holden) is any indication, the G8 will hold its value very well. My concern is maybe parts that are proprietary to this car (which is most of 'em) will be expensive and have a long delivery. With all the rebates and deals you can find a new G8 for well under $30K, especially the V6.
#137 of 138 depreciation on GT by rk2469 Sep 09, 2009 (6:20 am)
I am about 3 day waiting period from signing the paper. The car is stunning and I love it.   Question: G8 GT Depreciation Rate on edmunds.com in 5 years: 77% ($29,893 -> $6,893)   This is compared to Genesis v6 : 63.4% ($35,456 -> $12,958) Dodge Challenger RT: 62.2%( $33,333 -> $12,590) Maxima: 65% ($32,446 -> $11,389)   However on other sites do not have this car depreciating this much. on Site A: 58% Site B:57% Site C: 46% Site D: 59%   How did edmunds.com calculate G8's deprecation rate and why are there such differences.   btw: I love Edmunds.com.... I am just asking question to those who are the "insider" of Edmunds.com or those who are familiar with depreciation schedule.   Given these variables, is G8 a good/great buy? Replies to this message: whoosierdaddy (Sep 09, 2009 8:42 am)
#138 of 138 Re: depreciation on GT [rk2469] by whoosierdaddy Sep 09, 2009 (8:42 am)
Replying to: rk2469 (Sep 09, 2009 6:20 am) I believe these percentages are off of MSRP, not including rebates & discount, although that can make a huge difference. What matters to the buyer is what the car is worth down the road vs. actual purchase price. You can spend all day running different numbers, but here's a brief example using my notes from when I purchased my G8, and current trade values from KBB (what the dealers use--sorry Edmunds). For all 3 cars, selling price new on March 6, 2009 (excluding tax and tags), now 15K miles and exc. condition:    A 2008 Pontiac G8-base selling price $19,500, current trade-in $18,850. A 2009 Pontiac G6 GT selling price $20,200, current trade-in $13,375. A 2008 Pontiac Grand Prix GT selling price $20,500, current trade-in $10,500.    Yes, rebates and discounts on the G8 peaked March through May, and MSRP went up on the '09s. If I had to sell my G8 today I would get at least what I owe on it-- not true of any other equivalent car, even Accord or Camry. I think the G8, like the Holden-sourced GTO, is something special and will hold its value very well. Some say "buy what you like and don't worry about it," or "don't buy the deal - buy the car," but most of us have to live within a budget, and as depreciation is the greatest part of car expense the concern over resale value is valid. I think I'll be happy with my G8's trade-in value when that day comes, and it's the car I really wanted as well. So if the only thing keeping you from owning a G8 is concerns over future resale value, although nobody knows the future, I think you'd be OK.

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