Last post on Jul 29, 2009 at 3:11 AM
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Pontiac G8, Car Buying, Car Leasing, Sedan
#138 of 156 Re: depreciation on GT [rk2469]
Sep 09, 2009 (8:42 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.
#139 of 156 I love my G8 GT
Mar 26, 2010 (8:00 am)
I bought my Silver G8 GT in Sept 2009 and it is the best handling, fastest car I EVER owned. The Pontiac dealers were willing to sell it BELOW MSRP. Plus I saved $1400 with my GM card savings, plus a $3500 incentive rebate. Out the door under $27,000.
If buyers knew how great these G8 GT's are, Pontiac could sell em by the hundreds of thousands.
My condolences to everyone who found out about these wonderful cars too late to get one.
If you can get your hands on a new GXP anywhere, buy it and put it in a garage. It is one of those rare muscle cars, destined to be worth many times what you paid for it in twenty years.
Great job, Pontiac. You did a really exceptional last car.
#141 of 156 Pontiac G8 Lease Questions
by kyfdx@Edmunds HOST
Aug 10, 2008 (7:26 pm)
Ask your Pontiac G8 lease questions here.
#142 of 156 G8 GT MF and Residuals???
Aug 09, 2008 (7:14 am)
There isn't a forum for pricing or leasing on Pontiac G8's, so I figured I would post here. Does anyone know the current MF, residual and dealer cash for a 2008 Pontiac G8 GT? I have to assume these are not moving exceptionally well in this market, so hopefully Pontiac is aggressive especially on 2008's . Thanks for the help
#143 of 156 Re: G8 GT MF and Residuals??? [ix007]
Aug 09, 2008 (11:29 am)
I found this for you.
$521/month...no deal for me!
#144 of 156 Re: G8 GT MF and Residuals??? [circlew]
Aug 10, 2008 (2:06 pm)
May be back on my G8 kick, the price at $27-28k out the door with tax for the GT is just hard to beat, even with a used E500 4-matic.
I'll change my mind a few more times before I buy something though.
#145 of 156 Re: G8 GT MF and Residuals??? [paisan]
Aug 10, 2008 (3:01 pm)
" $27-28k out the door with tax for the GT"
Where & exactly how did you negotiate that deal?
With base MSRP ( 2008 ) of $30K for a G8 GT & tax generally in the 6% range -
well, I am impressed!
Still thinking 2009 - at more $$s....
#146 of 156 Re: G8 GT MF and Residuals??? [rayainsw]
Aug 10, 2008 (3:25 pm)
I'm basing that on Invoice price, and with them literally stacking up at dealers here in NJ, and gas holding at $4.00/gal, I figure sometime around Dec 26th, the dealers will let em go real cheap to get em off the books at year end combined with RWD in the winter...
I'd never pay anywhere near MSRP for these cars!
#147 of 156 Re: G8 GT MF and Residuals??? [paisan]
Aug 10, 2008 (3:35 pm)
Aha - I see.