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Chevrolet Malibu Prices Paid and Buying Experience

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Comments

  • dispencer1dispencer1 Posts: 489
    I am glad you purchased the GM Protection Plan. I normally do when I purchase a car that is still under the 3/36 factory warranty. The price of this extended warranty varies widely between dealers -any GM dealer can sell you one -and it can be sold anytime during the time that the car is under the factory 3/36. I have never purchased this warranty at the same time that I purchased the car and have priced it at a number of dealers. The price varies by hundreds of dollars. One thing that always struck me as odd. When you purchase a certified Cadillac as I did recently the car comes with a 6 year 100k 0 deductible warranty (starting back when the car was first put into service). If you get a current year or year old one it is a great deal. When you purchase another certified GM used car you get a lousy 3 month 3,000 mile "extended" warranty. There is no comparison.
  • Today I went to a dealer looking at a Maxx LT. They only had ones with all the options, MSRP $27945. While running numbers to "get me in the car today," they came back with $25400, and that was after the $1K rebate (notice, not the $1750 rebate that Chevy is offering). This was the price before freight, taxes, etc. I only got the price after the salesperson went to his sales manager twice, he came and spoke to us twice, and I stated four times that this was more car than I was looking for, anyway. They kept running finance options, increasing the term to 72 months to try to get my monthly payment at a reasonable level to get me in the car. They offered $1500 on my trade-in, which Edmunds valued at $2900. My trade is a Pontiac, and I have read on this board that there is a GM loyalty incentive, too.
    I feel I was lucky to get out of there with my Pontiac at all. I was sold on a Maxx until this experience today. Was this a fluke? Should I find another dealer, or expect this everywhere?
  • skyhawkskyhawk Posts: 126
    I bought a LT MAXX with the 1SB option. Sticker was $25,630. Dealer price $21,588. less the certificate valued at $500 the GM card sent to add to the $1950. credit I had coming with the card earnings. My net cost was $19138 plus a $20. document fee. I was not trading a vehicle and was not financing. I looked at a number of different makes and styles and decided this would be my "running" around town car.
  • dispencer1dispencer1 Posts: 489
    Either the huge discounts on these redesigned cars are because GM wants to get them out on the street or because they just aren't selling. Look at the Honda Pilot and Odyssey when they first came out - you either paid MSRP (or more than MSRP) or walked. A friend wanted a loaded Camry last year and went ballistic because he was afraid that the lousy $1,000 rebate might expire before he could get the car. He drove 200 miles to find one. The big city dealers especially in Southern California are discounting the Camry though. New ones are $17,900 in Albuquerque, NM. and the base Camry 4 is pretty well equipped. No wonder GM is having problems with the Malibu.
  • dtownfbdtownfb Posts: 2,915
    I know the malibusare selling a a better pace then the 2003 Malibus. Of course that is not saying much. You have to remember that buying public has gotten used to having rebates and discounts attached cars esp. the domestics. For the past 3 years they ave been flooding the market with them to move their cars. So while $1750 rebate may sound big, it's much smaller then what GM has been advertising over the past 2 years. I believe th goal is to ween people off rebates. Although I doubt that will happen any time soon. People are not read to pay full MSRP for a Chevy, no matter what GM believes.
  • chuck1chuck1 Posts: 1,405
    Yes, I have mentioned that before-here in Los Angeles you can get a Camry LE for $16,800.00 all day long. The "one only" Malibus I have seen in the paper are slightly more than that. So-the automotive press has pretty much said this Malibu is a good effort. It's a MUCH BETTER car than the model before. But they have also said that it is not up to Camry and Accord standards. And this isn't saying anything about it's love or hate it styling. I was looking at the new Malibu today, while I would consider buying one, I really do not care for the front of the car. The car does look better in the lighter colors, IMO. So whats the deal with GM trying to charge a higher price?
  • dispencer1dispencer1 Posts: 489
    I will probably get a Solara - Malibu just looks like a normal rental car -nothing to write home about, but I'll get a Solara 4. The Toyota Camry/Solara 6, unlike the Malibu 6 requires premium fuel and gas milage on the highway is 29 instead of 33. People who compare Camry and Malibu should take the premium fuel requirement into consideration with the price of gas nowadays.
  • A followup for LA, CA folks... My dealer experience was helped by going through the dealer's internet group, which migated most of the horsetrading bazzar nonsense. Still, finance managed to slip in a few extra last minute charges. The pathetic part was when the dealer begged me to classify my experience as "completely satisfied". They didn't get it.

    Chevy should learn some things from Saturn before the latter gets their Malibu Maxx clone in 2005.

    However, I have had three surveys and one phone survey regarding the Malibu since I bought it (two from Chevy and two from other research groups). Have others here been surveyed this much??
  • dispencer1dispencer1 Posts: 489
    I supppose that positive surveys help a dealer get incentives from GM down the road. If you put anything negative in it you will get a call from the dealer. I wouldn't submit any surveys through the dealer if I were you. I had a doctor once who used to send out letters soliciting bids on a particular car he wanted - this was in a big city where there were a number of competing dealerships all selling the same make. He got his bids back and the one that was lowest sold him the car. He knew the "invoice" price out of the books so he could tell if he was getting a decent deal. I wonder if that would still work. It sounds reasonable.
  • skyhawkskyhawk Posts: 126
    I received the standard mail survey from Chevrolet. I also received a call from GM wanting to know if I would have purchased a competitive brand if I did not have the credit from the GM card. How many vehicles I looked at, etc.
  • paopao Posts: 1,867
    I went in with my price I would pay....fully loaded less the engine block warmer....MSRP almost 28K, I drove off the lot tax title and tags included here in northern va for 24k even...then negotiated my trade in...a 99 Mustang GT 82k miles.....got 5.5k for it..which is what I expected and financed 18.5 wiht my own credit union. Also purchased a GM extended warranty from another GM dealer 6/100 for $1300 with a $100 deductible...all in all very happy with my buying experience..
  • jim_in_ohiojim_in_ohio Posts: 21
    After test driving both the LS and LT models at our local dealership (Jeff Wyler Chevrolet, Springfield, OH) my wife and I decided we wanted the leather seats. That meant an LT, but we didn’t want to pay extra for a fully loaded one. The salesman got busy and within two days had us an LT with the 1SB option package in our first choice color. A GM retiree friend gave us a “GM in the driveway” authorization number, so we bought at the supplier’s price of $23,943. We planned on taking advantage of the 0% GMAC financing, but the day we bought Chevy raised the cash rebate to $1500. With a 3.85% interest rate from a different finance company we ended up with a slightly lower payment for the same term (36 mo), meaning a smaller total paid AND giving us the option to save more money if we can pay ahead. The dealership researched this and presented the option without our asking; that’s service!
  • mazzmondmazzmond Posts: 2
    Well, just bought myself a Malibu Maxx LS on Thursday here in Michigan. Probably didn't get the best deal, but needed a car quickly. Got pretty much the most basic model with remote start as the only option (not even floor mats). The MSRP was 22375 and I was able to get it at 20775 (about $250 over invoice). There was a $1500 rebate on the car and I had $1000 on a GM card that I used bringing the total price down to 18,275 before tax, title, etc. Was around $19500 total after all that. Will have to buy some mats of course.

    It's got about 20 miles on it so far and from my very brief experience, I like the car a lot. We'll see how it holds up in the long term.

    The dealer there said the Maxx had some interest but the hot seller has been the Equinox. They said the average time on the lot for a new Equinox was about 3 days before it sold.
  • gms22gms22 Posts: 1
    I'm looking into buying a 2002 Malibu LS, with around 33K miles on it. I think the price is going to be between $8-9,000. Is this reasonable? Cheap? Too expensive? Help me please!
  • deminindeminin Posts: 214
    The local dealer in Central Missouri has an ad in todays paper that they are offering up to $5700 off on Malibu Maxx. Thats probably off sticker, but indicates that there may be some good buys out there on the Maxx.
  • dispencer1dispencer1 Posts: 489
    Hertz is selling '03 Malibu LS's for $9795 and I'm sure that you can find an '03 elsewhere for around 9k. It will be a year newer with most likely less than 30k mileage. If the '02 is a private owner's car and you know the owner and are sure that maintenance was done I'd consider it for less than 9k but 8-9k is no real bargain for a two year old Malibu.
  • FYI... We just purchased a 2004 Malibu Maxx LS on June 8, 04 with the 1SB Option package for $19,243 out the door at Penske Chevrolet in Indianapolis. Went through Cars.com for referal dealership based on zip code. No haggling, they simply gave me dealer invoice price (or Internet price they call it) plus a $4000 rebate. It turned out to be a better deal "off the street" than my GM SUPPLIER discount which included only a $3,500 rebate. It appears to me that GM is desperate to unload these 04 vehicles. Great value!

    Our Figures:
    Invoice on Stock $21833.88
    IN Sales Tax 6% 1310.03
    Doc Fees 98.00
    Indiana Tire Tax 1.25
    Rebates <4000.00>

    TOTAL VEHICLE PURCHASE PRICE $19243.16
  • maxx4memaxx4me Posts: 1,340
    congrats AZturbo. I'm guessing then, when we use the $4k check, that it cannot be combined with the $1,500 cash back that the general public is getting right now, correct?
  • map013map013 Posts: 3
    I picked up my Black Malibu Maxx LT with the all the options, including DVD, Onstar, XM radio, etc. MSRP was $27645. I am a gm supplier and qualified for pricing, but got a better deal going with invoice plus $4000 GM loyalty rebate along with my $1000 GM card points. Traded in a 95 Blazer at KBB trade-in of $4000 for a bottom line of $18000 O.T.D.. Financed through local credit union.
  • mtrushmtrush Posts: 9
    I got a quote on a Malibu thru gmbuypower.com and the price is $350 above the TMV. Are price quotes made thru gmbuypower firm or still negotiable ?

    Thanks
  • Nothing is ever etched in stone. I got a GM buypower price and then presented the dealer with the online coupon from their website and saved another $300. Why not try getting buypower quotes from several area dealerships?
  • mtrushmtrush Posts: 9
    The owner loyalty rebate on Malibu has apparently been raised to $4000 from $3000 last week. Based on past patterns, what is the likelihood it will be raised again ? Also, GM says the offer is good thru Aug 2. Could they still rescind the offer before then ?
  • maxx4memaxx4me Posts: 1,340
    no. I just came from the dealer yesterday, who, thanks to my buying service, opens up all the books and lets me know what is what. He said that once GM raises the rebate, it won't go lower than that; instead, it may head even higher. My dealer is flooded with inventory since apparently, GM does not allow their dealers to control their own inventory. As a result, there are a lot of '04s out there that need to be moved before the '05s go into production. I may not wait any longer, but if you can, and don't mind a smaller pool of cars to choose from, I would bet the rebate goes one step higher.
  • mtrushmtrush Posts: 9
    While looking thru car ads in the paper, I noticed almost all of them mention in the fine print that they charge a "dealer fee" of between $300 and $400. Is this legitimate ? If I plan on paying the TMV for a new car, should I subtract from it the amount of this "dealer fee" ?
  • maxx4memaxx4me Posts: 1,340
    to me, dealer fee means paper processing and advertising. Some dealers are charging up to $299 in my area for paper processing alone. Remember: negotiate a price....a final price, and let them know it won't be higher once you enter the finance officer's woodshed.
  • mfletouvamfletouva Posts: 166
    I haven't actually bought a Maxx yet even though I'd like to because with my financial situation its a little dicey, but I did negotiate last week to find out exactly what I'd need to pay. I stopped negotiating at around $300 under invoice, + the $4k rebate and another $1k from a GM Card. The dealer I got the best price from had a $289 doc fee, I told them that it was excessive and that I'd only pay $99, and it was done. They changed their offer to $500 under invoice in order to reduce the doc fee. Don't be afraid to flat out refuse to pay it, above $70 or so its all padded profit and can be negotiated.

    By the way, a few hours later another dealer called and when told of my current best offer expressed confidence they could beat it by at least a few hundred. Until I'm ready to actually do it, I'm not going to get into it with them but I think I can probably get as low as 700 or 800 under invoice.
  • maxx4memaxx4me Posts: 1,340
    OK, here we go. Since I was not able to use the Supplier's Discount and combine it with the $4,500 cash back ($1k conquest rebate for owning a Mazda, $1k for owning a Vibe, and $2.5k consumer cash back) GM was offering me, I decided to use my buying service and use the $4k check GM sent me as a loyalty bonus:

    Maxx LS with 1SB package and Sunroof:

    $22,499 Buying Service Price
    + 674.97 State Tax
    + 45.00 Dealer's Business License Tax
    + 19.00 License Plate transfer fee
    =23,237.97
    - 4,000.00 Loyalty bonus from GM
    --------------------------------------------
    =19,237.97

    I think this was an amazing price considering it is over $1k less than what I bought my Vibe for 2.5 years ago.
  • Glad you finally made the plunge and joined us. Hope you have miles and miles of smiles!
  • mfletouvamfletouva Posts: 166
    How do you like it so far? What color?

    Looks like you paid $624 over invoice, for whatever that's worth.
  • maxx4memaxx4me Posts: 1,340
    $624 over factory invoice?
    It is the Medium Grey Metallic, since:

    1. I think GM missed the mark in styling this car to begin with, I went with what I think is the most luxurious of the colors (especially with the sparkles in the paint
    2. GM decided to put the black cladding on the bottom runners on the LS and not color code the mirrors. I think the medium grey looks nice with the black trim and the dark sunroof glass on top
    3. it cuts down on glare off the hood.

    Until this thing breaks down, I will continue to contend that this car SCREAMS value. When I took it to my mechanic (a long time GM owner), he laughed at the price I paid, stating that it was awfully low for all the things that come on it.

    Now, I just need to find a hungry finance manager who wants to sell me a GMPP at a much reduced rate from what they publish in their books. Anybody know one that wants to make me an offer???
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