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Chevrolet Malibu Lease Questions

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Comments

  • jaxs1jaxs1 Posts: 2,697
    Yes, sales are better than the old Malibu by 17%, but it isn't going to overtake the Camry for best selling car in the US anytime soon. Can they even sell 50% of the Camry's volume?
    You see less Malibu's sitting on the lots than Camrys because they are building alot less Malibu's, not because they are selling more Malibus than Toyota sells Camrys.
  • 40yearfan40yearfan Posts: 72
    How did this degenerate into Toyotas and Hondas versus Malibus? The last time I looked, this was a forum to discuss the Malibu. Doesn't Edmunds also have forums to discuss these other models?

    It's obvious that GM is trying to overcome it's old perception and that they have come up with a vehicle at least as good as if not better than anything the foreign manufactures have.

    A lot of us Americans take great pride in our accomplishments and are willing to spend the extra few bucks it takes to make sure we keep jobs here in America and that the money we spend goes to American firms who pay taxes here and create jobs here.

    So in answer to your question, I really don't care what Toyota or Honda does. If I want to read about them, I'll go to the appropriate site in this forum to discuss them.
  • jaxs1jaxs1 Posts: 2,697
    The point is about the Malibu and the fact that sales are not as spectacular as the poster was trying to say. Any shortage is a direct result of low levels of production and shipping, not some massive volume of sales.
  • busirisbusiris Posts: 3,490
    You know, I really like the new Malibu, especially the dash layout.

    However, I ultimately purchased an Altima, for 2 reasons...1- the Malibu simply didn't offer the options I wanted (ie., on-screen NAV system, Bluetooth, etc.), and 2- I also have tried to buy American when possible, but I have been "snake-bit" so many times by GM products and dealer services in the past that I decided to look elsewhere. This time my decision was made easy, simply due to the "options" availability.

    You bring up an excellent point, however...Just what is American nowadays?

    I traded an 05 Aveo (Korean made) for a Nissan Altima (made in Mississippi, I think). Hondas are made in Ohio, BMW's in South Carolina, and many traditional US cars are substantially, if not entirely made in Canada, Australia (Holden) and Mexico.

    Not to mention that all dealers and service employees are American, regardless of brand...

    Very confusing, don't you think???
  • 40yearfan40yearfan Posts: 72
    There isn't a car maker out there who wouldn't give their eye teeth to have a 17% increase in sales today. Most of they have a double digit negative in sales. If Gm didn't have that increase in sales, Malibus would be available and at a cheaper rate.

    You are entitled to your opinion. I disagree with you.
  • 40yearfan40yearfan Posts: 72
    Not really confusing. American car companies with their headquarters in the US keep their profits in this country. Foreign companies such as BMW, Nissan, Honda, etc. send their profits back to their countries of origin.

    American companies pay taxes on their profits in America. Foreign companies pay a small import fee for their vehicles.

    America has a huge imbalance of imports compared to exports and it is a serious drain on our economy.

    Now one guy buying an American made car instead of a foreign car isn't going to solve this problem, but it's a start.
  • busirisbusiris Posts: 3,490
    To me, it really isn't about where the profit is recognized or kept. And, I would suspect that the American worker could care less about that as well...after all, isn't it about the jobs?

    If I understand your posting correctly (and I appologize up-front if I am mistaken), are you saying that the USA would benefit if all of GM's, Ford's and Chrysler's cars were made in China and sold here?

    How does the American worker benefit if profits are kept here in the USA or sent over-seas? Does it affect him/her if Nissan/BMW/Honda/etc. records the profit here or in their home country?

    Bob Lutz may get an addition to his bonus each time an Aveo is sold, but I fail to see how that helps the American worker, UAW, or anyone else except the dealership that sold it, and its specific employees.

    While it may help America GDP figures to record profits here, its really a non-issue in the trade deficit picture. Its where the jobs are...ask anyone familiar with Wal-Mart...

    For example, BMW has just announced a huge expansion in its South Carolina plant, so it can take advantage of the huge disparity between the dollar and the euro. They are not alone...all the car companies, including Ford, GM and Chrysler take advantage of the currency evaluations.

    To be honest, I can't understand why VW hasn't started manufacturing in the USA. Maybe they feel that their Brazil/Mexico plants are able to take sufficient advantage of the dollar's devaluation .vs. the euro.

    Again, if I misunderstood your posting, then please excuse me, but buying a GM product that is manufactured somewhere else and thinking I am buying American and helping our economy is simply wishful thinking...All I am doing is adding a few pennies to some corporate manager's bonus check.
  • 40yearfan40yearfan Posts: 72
    You got it totally backwards busiris. I am saying Americans should buy cars made in America by American workers working for American companies who will use their profits creating more American jobs.

    It's really hard now days to find American made goods even in places like Walmart (who sold mostly American goods when Sam Walton was still alive).

    I am not an isolationist or someone who is against a global economic outlook. I just think we owe it to ourselves to keep some good paying jobs available for our neighbors rather than watching them all disappear overseas.
  • busirisbusiris Posts: 3,490
    That we can certainly both agree on!

    The problem is, we don't really have that as an available option in most cases.
    GM, Ford and Chrysler all push the "buy American" theme, but feel no obligation to manufacture here...for example, I see GM is importing the new Pontiac G8GT from its Australian Holden subsidiary.

    Since this appears to be the case, I see no difference between buying a Nissan made in Mississippi or a Malibu made in Detroit (or wherever its made). Both provide American jobs. What I fail to understand is how foreign companies can make a profit making and selling autos here, but the "domestic" manufacturers can't. Yes, some of it is due to the unions, but they have become the whipping boy for all that is wrong with American industry...right or wrong.

    I find it confusing when I turn the TV on the Discovery Channel and they have a program on high-tech manufacturing, but the factories are all either foreign owned or in other countries. Even the American Passports are now being made in Thailand. What's up with that???

    In my opinion, American auto manufacturers sowed the seeds of their own destruction. For years, they were happy to increase wages and benefits with no ties to increased productivity because it gave them a reason to raise car prices (and increase profits). At the same time, quality fell through the floor.

    The sole reason that GM is making a car the caliber of the new Malibu is because of the Japanese, German and more recently Korean competition. And, the most amazing thing to me is that they still don't seem to "get it". Malibu competes with the Accord, Altima, Camry, etc., but ranks last in option availibility (no NAV, bluetooth, etc).

    Personally, I think its a complete failure of management and leadership. You can never get ahead by just trying to catch up. Unfortunately, I think America's automobile manufacturing industry is on the wane and will continue the decline.

    Believe me, nothing would make me happier than to re-read these comments in 20 years and realize how utterly wrong I was when I made them, but I don't see that happening.

    America didn't lose its automotive leadership...it threw it away.
  • 40yearfan40yearfan Posts: 72
    I can't argue with a thing you have in your post. In my management position, I've dealt with unions for many years and have no problems with them. They are the reason we have a middle class in this country.

    Yes we did have the lead in auto manufacturing once upon a time and squandered it away and the Asian countries have since shown us the meaning of intense competition.

    Americans have always been able to rise up and take over whenever a situation has threatened their existance or livelihood. I wonder if we still have it in us to answer this challenge. I hope so and I plan to do my small part to try and make that happen.
  • busirisbusiris Posts: 3,490
    One last note...I visited the local Chevy dealer today and examined some window stickers to determine where the car was built. Of the cars I examined....

    The good news...

    Cobolt 80% US/Canadian
    Malibu 85% US/Canadian
    Impala 82% US/Canadian

    The bad news....

    Equinox 55% US/Canadian
    HHR 40% US/Canadian
    Aveo 5% US/Canadian

    The US lost dominance in semi-conductor manufacturing when it decided that memory chips were not profitable and moved manufacturing to Asia.

    Last week, I read an article that stated GM is exploring the possibility of "outsourcing"its body panel manufacturing needs, as that function is not profitable and can be done cheaper by a 3rd party (read China). Is there a common thread here? I hope not!

    OK, I'll shut up about this issue now.

    One last thought, however...I spent a few minutes in and around the Malibu, and I must admit it is a fine looking automobile. If someone was looking for a functional mid-size auto made primarily in North America, this would probably be the car of choice.
  • mykids05mykids05 Posts: 1
    when to a Chevy dealer to get quote on a malibu LT. I want to trade a 2005 toyota sienna with 26 month left on lease. They gave me a quote :surprise: of 440.00 for 36 month. Need your help to make a wise decision.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, g6leaser. Enjoy your new Malibu.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi everyone. While the buy American discussion is interesting, this really isn't the place for it. This particular discussion was created for consumers to discuss leasing the Chevrolet Malibu. Let's try to keep things on-topic. Thanks :) .

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • frankb036frankb036 Posts: 22
    Car man
    what is the residual values for 24 36 months with 12k and 15k per year
    What is the money factor
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi frankb036. GMAC's current base lease rate and residual value for a 24 month lease of a 2008 Chevrolet Malibu with 15,000 miles per year are 3.15% and 63%, respectively. The numbers for an otherwise identical 36 month lease are 3.15% and 51%. If you were to lease this car with only 12,000 miles per year, its 24 month resid would be 1% higher and its 36 month residual value would be 3% higher.

    As you can see, GMAC publishes lease rates instead of money factors for vehicles. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • frankb036frankb036 Posts: 22
    thanks Car_man
  • Car Man is that formula to calculate money factor used for any automaker?

    i.e 3.15/2400
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem, frankb036.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
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