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Pontiac G6 Prices Paid and Buying Experience

Karen_CMKaren_CM Posts: 5,016
edited August 17 in Pontiac
Whether it's the coupe/convertible or sedan, share your G6 purchase experience here.

Community Manager If you have any questions or concerns about the Forums, send me an email, karen@edmunds.com, or click on my screen name to send a personal message.

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Comments

  • Hi everyone. Please use the following discussion to post any questions that you have about leasing a Pontiac G6. Thanks.

    Car_man
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  • Hi Car_man. I need the residual and money factor for a 36mos. 12/15k smartbuy on a G6 GT sedan. Also, I saw $4,000 smartbuy cash back advertised in the Chicago area. Do you know if that is correct?

    Thanks.
  • Here you go regal1994. If you were to lease a 2006 Pontiac G6 through GMAC right now for 36 months with 15,000 miles per year, its base lease rate and residual value should be 4.0% and 53%, respectively. The 12,000 miles per year residual value for an otherwise identical lease would be 56%. As you can see GMAC publishes what are known in the industry as lease rates instead of the lease money factors that most other banks publish for vehicles. You can convert GMAC's lease rates into approximate money factor equivalents by dividing them by 2400. GM is providing $500 lease cash on this car, but the "SmartBuy" cash that you mentioned would only be available on GMAC "SmartBuy" aka balloon note contracts.

    Car_man
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  • Just picked up my G6 today. I just wanted to ask if my monthly lease payments are in the ballpark with everyone else. It's a 2006 6cyl sedan (3.5L), AP3-remote vehicle starter, PCH-premium value package Alloy wheels, 6 disc cd , sunroof, power tilt and slide, PDD-conveniance package power adj pedals, floor mats, cargo net, T43-rear spoiler, JL9- 4 wheel anti-lock brks w/ traction contrl. Adj cap cost was $21361.51, trade-in $1000, And $1000 cash. This included 1st month payment, registration fee, and a few other items. Bottom line $279.49. Does this sound OK?
  • Hi motcrue68. I would be happy to give you my opinion on your deal if you let me know what this car's full MSRP (including the destination charge) is. This is an important number because it will enable me to see how much of a discount you are being given and will help me to calculate a lease payment on the car that you got.

    Car_man
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  • Hello Car_man. I was curious if you could give me the lease residual and factor for a 42 month lease for a Pontiac G6 6 cyl with 4 wheel disc breaks, Premium Value Package with Sunroof, Convinience Package, and remote start. Can you use the "Red Tag Price", which GMbuypower.com quotes for this vehicle at $19623, for a lease?

    Thanks,
    robertkaleal
  • Hello robertkaleal. I haven't seen GM's lease program for a 42 month lease of this car, but I suspect that it is some slight modification of its 36 or 48 month lease program. If you were to lease any 2006 Pontiac G6 through GMAC right now for 36 months with 15,000 miles per year, its base lease rate and residual value should be 4.0% and 52%, respectively. The numbers for an otherwise identical 48 month lease should be 4.0% and 44%. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its lease rates into approximate money factor equivalents by dividing them by 2400. I would be happy to use this lease program to estimate what the monthly payment should be on the car that you are interested in, but in order for me to do so I need you to provide me with its full MSRP.

    Car_man
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  • fin1581fin1581 Posts: 12
    Hi Carman,

    I was looking at a lease for a G6 GT coupe with the Premium Value package. The MSRP is $22940, including a $625 destination fee. I will be purchasing the vehicle with GM Employee pricing, which I thought was 4% below invoice but, please, correct me if I'm wrong. If I am correct, this leaves the selling price at $20717-$500 rebate= $20217. I am looking at a 36 month/36,000 mile lease with no money down(except first payment) and taxes rolled into the payments. Could you please give me the residual value and money factor(4% APR still?) for this vehicle? Another question was if any fees are waived with GM Employee pricing? If you could also include the 36month/15K per year numbers, that would be great. Thanks.
  • fin1581fin1581 Posts: 12
    Well, Carman looks to be a bit busy so does anyone else out there know what the residual and money factor on this vehicle would be? Also, I talked to a salesman and she said that GM employee pricing is 13% off sticker, not 4% below invoice....is this correct? And she also said that there is no way for her to tell me what the money factor is until the contract is written up? Is this some BS?
    -Fin
  • Hi. I hope Carman does answer your question. If he does, if he, or someone else could answer mine that would be nice. I am thinking of leasing an 06 G6 GTP w 6 speed, leather and side airbags. I should be able to get the GM employee "friend" pricing. (Not the employee relative pricing which is a steeper discount.) If someone knows the pricing please let me know.
    Also, if anyone knows the current Northeast Lease "rates" for the 06 G6 please help me there. I would like to know the residual and the interest rate for leases from 24 to 36 months.

    GM just extend the g6's $500.00 rebate to 3/31/06 by the way.
  • Hi fin1581. I was under the impression that General Motors' employee purchase price was equivalent to dealer invoice minus dealer holdback, any advertising charges, and any available cash incentives. While this is definitely below invoice, it's probably not always 4% below. Another problem with your estimated price is that the $500 incentive that you mentioned is not available on leases through GMAC. GM's customer cash incentives are often not compatible with its special lease program. It sometimes has other cash incentives for leases, but not on the '06 G6 Coupe at this time.

    As far as this car's lease program goes, if you were to lease any 2006 Pontiac G6 through General Motors Acceptance Corp. right now for 36 months with 12,000 miles per year, its base lease rate and residual value should be 4.35% and 56%, respectively. This car's 15,000 miles per year residual value would be 3% lower.

    Car_man
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  • Hi mercb230coupe. The 36 month lease program for the car that you are interested in should be the same as the numbers that I just posted in my previous message. GMAC's 24 month, 15,000 mile per year base lease rate and residual value for a 24 month lease of any 2006 Pontiac G6 should currently be 4.35% and 62%, respectively. While GM's normal customer cash incentives are not available on leases, it is providing a $500 cash incentive on leases on of '06 G6 Sedan V6 sedan models through GMAC right now.

    Car_man
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  • waynelkwaynelk Posts: 5
    Does anyone know if there is a penalty or additional fee for ending a smartbuy contract and paying off the balance early?
  • Car Man,
    Just finished discussing a "smart buy" purchase on a 2006 G6 4CYL WITH 7MILES FOR with $4200 in rebates. I informed the sales rep I wanted to buy it out right. She said I can put any amount down, lease it for 3 months and call them after 3 months to change it to a full buy. What is the cost to me?? This sounds too good to be true. I have never leased before and I don't want to end up paying more than what I am being quoted.
    Thanks.
  • waynelkwaynelk Posts: 5
    I am in the same boat except my deal was on a Cobalt, with $1800 smartbuy rebate. I was told I could pay it off,(1 month minium) with no penalty.Would cost about $50 in interest but still a good deal if it is possible. What makes me nervous is interest on $12,637 finance amount is $3,674 if I go the full 48 months (I.E. if it can't be paid off) Thats the reason I posted originally was to see if anyone knew the answer or had done it. Still haven't gotten a straight answer from anyone who knows.
    Thanks Wayne
  • Is there a way to find the best possible G6 lease (deal) in a particular city - such as in the Minneapolis area? I'm not very good at understanding the percentages discussed in the previous thread. I will lease at whatever length is necessary to get a good deal. Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi wayzatapop. Negotiating a good lease is not nearly as difficult as it sounds. All you have to do is negotiate the lowest possible selling price that you can on the car that you want and then make sure that the dealer you are working with uses GM's base lease program to calculate your lease payment. Given the current market for this car, if you are in an area where there is a decent level of competition for your business I don't think that you will have much trouble leasing this car for close to dealer invoice. You can find the invoice price of this car by looking it up in the following section of this site: Edmunds.com New Vehicle Pricing. Once you know how much you want to pay, just make sure that the dealer you are working with uses GMAC's current base lease rate of 5.0% for 2006 Pontiac G6 4-cylinder models and 3.7% for G6 6-cylinder models to calculate your car's lease payment. If you would like, stop back in this discussion before you finalize your deal and I will be happy to estimate what your lease payment should be for you.

    Car_man
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  • curiousfcuriousf Posts: 2
    Would just like to know what to watch for when leasing.interest rate and do you also know what the residual is after 3 yr leasing on G6 Convertible GT
  • martymartmartymart Posts: 23
    The 15k residual for 36 months is 53. It does go up for 12k miles. If you extend the term to 39 months, it does drop by a point. The current rate is about 5% on the lease, so watch out and ask the salesman what the rate is when buying.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello curiousf. I can give you an idea of what this car's current lease program is like. If you were to lease a 2006 Pontiac G6 Convertible through GMAC right now for 36 months with 15,000 miles per year, its base lease rate and residual value should be 4.95% and 53%, respectively.

    Car_man
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    Prices Paid Forums
  • gmerilligmerilli Posts: 25
    Just bought a Pontiac G6 Convertible(with Premium and Sport Package) not only was there no ADM...dealer took $1000 off sticker and got me preferred GMAC financing(5.9% - about a percent off Bank and regular GMAC financing). Dealership was a small dealership in a rural area. They maybe had 20 new cars and a bigger used car lot. So don't believe those take-it or leave-it dealers...there are some dealers willing to negotiate.
  • vagatorvagator Posts: 18
    I just bought a 2007 tonight I pick it up tomorrow. We were looking at Mugtangs and had pretty much settled on getting one. But I was on my way to look at them at 1 of the 6 or so dealers I was checking with when I noticed the Pontiac dealer. I am an old "goat" guy and like Pontiac better than ford anyway. I had looked at the G6 hardtop convertiable some time back but thought they were over priced. At that time the stickers were in mid 30s to 40s. The dealers around here are all over priced. You have to really play the game to get a good deal. I ended up paying just over 31K. that is a bit more than Edmunds' TMV but this dealer does have free oil and filter change as long as you own the car, free towing, and some other things that will make it a good deal if I use the free stuff. I told the wife she could pick the car this time. I think she is in 3rd childhood as she said had to be a convertable. I am not a fan of them due to leaks in the normal ones. I was glad to find price had came down. I like the hard top convertable idea much better, if it works. I am a bit dis-heartened by some of the post. I hope they have the kinks worked out in the 2007 model. I will let you know.
  • I just bought my silver 2007 G6 Convertible GTP at Holiday Pontiac in Fond du Lac, WI. They have no-haggle pricing. The sales price on the tag was 400 less than the sticker. I jumped on ithaving come from a dealership in Milwaukee that wanted to start at 3,000 above sticker.

    My family is absolutely loving it. My wife says that the car makes her want to go places.

    I did create an MP3 CD to cerify that wouldn't work. That was the case, MP3 CDs cannot be read by the stereo. It just spit it out at me like a kid taking a bite out of a bar of baking chocolate
  • vagatorvagator Posts: 18
    I know what you mean about the wife wanting to "invent" places to go to drive it. I had actually planned on buying in AUG or SEP. She has been dropping hints to buy now. I am sure that is because she has a family reunion in AUG and wanted to gloat a bit, go figure. I was wrong on the price I paid. I forgot that almost 2K was an extended warranty plan that takes it to 5 years or 100K miles. I don't usually buy extended warranties as most are the drive train only. This one is bumper-to-bumper. I was thinking mostly of starter and alternator replacement. they usually go out around 50K. 2K is a lot for those two items but my big concern is the convertible operating stuff. It looks like a lot to go wrong there. BTW, does yours have body side molding. Mine doesn't, it is a GT model, I did some looking around on the lot before I bought and noticed that none of the 2007 had the molding and all of the 2006 had it. I checked with the parts department and the door side molding is listed, but not the rear quarter panel. The 06 and 07 have the same body so I am having the door side moldings ordered, painted and installed by the dealer. The moldings are over priced at 75.00 each from the dealer but they get you with the required painting. they all come primered and the bodyshop will do the crimson red paint on them. It is a rip off but I can see "nicks" up and down the doors in a month or so if I don't have it done. All of the dealers seemed to have the hardtop convertibles over priced around here. I had checked the G^ prices a few months back and ruled them out because they were selling at ADM prices. I found the original sticker on mine the dealer had on it under the passenger seat. It had a 8895.00 ADM on it. No way I am ever paying sticker, much less above sticker. I think Pontiac got on to the dealers about the over pricing because they wanted more of these cars on the road. BTW, now is a good time to buy a GTO if you want one. they will not be made in 07 and my dealer had two on the lot and prices were below 25K. The dealers had a big ADM on them when they came out also. I think that is why the model hasn't made it, and also drove Pontiac to have a talk with dealers about ADMs. But that is just my opinion. I hope we both are happy with the deal and cars a year from now, have fun.
    :)
  • vagatorvagator Posts: 18
    Not on the subject of the car, just my .02 cent on the no-haggle dealers. IMO, there is no such thing. These dealers just staryt at a lower price they figure people will get them down to anyway, but they will still haggle. They usually this via the allowance on your trade-in. That way they can still say they don't haggle on the new car price. That is technically correct. I never trade-in so they have a bit harder time with me, but they still find a way to get the car to the price I am willing to pay. I bought my first new car in 1965. Back then I bought a new one every 12-14 months. Man was I stupid. But that was in the muscel-car era and I just had to have that car a little faster or whatever. But that is another story. I used several variations to know what I can get the car for before I ever step on a lot, when it is open anyway. I had to do a lot of looking on Sundays in days past. Now, the internet makes it a lot easier. My "rule-of-thumb" is simple. My grandfather taught me that you can get the car for 10-20% less than the sticker price. the only exception is if you just "have" to have a model that is hot demand at the time. For information, below are the steps I go through and the principals I use in buying cars.

    Principals:
    do not wait until you need a car to buy one. If you do, do not let the sales person know you are on a limited time table. The longest it has ever taken me to get the deal I wanted was 3 days. That was when I walked out of the dealer and waited for them to call me saying something new had happened and they could meet my price.

    When I am talking price it is always "out the door" price. that is tax, title, lic., processing fee etc. I have walked out of more than one dealer because I have told them that and they insist on giving me the "car price" only. they expect me to just go ahead and take the deal once they fill out the contract and there are other costs on it, no way. I biggist problem with sale people that they listen, but go ahead and do thier normal routine anyway.

    There is no car that "have to have". If the one I want is more than I want to pay at one dealer, I can get one just like it at another. That is especially true today as all car are produced in 3 basic price groups. these are Basic, middle, and top-end in either sport or luxery options. I usually go for the middle or high-end myself. that is because I insist on leather seats and have to go to the higher end models to get them.

    Steps:
    I start the process 18 months before I plan to buy. this is not a time consuming thing until the last 2 weeks to a month or so. I just monitor changes in prices mostly.

    Research on the internet and decide on 3 or 4 cars I would like. I say this, but in the end I usually do get to really liking a specific. I have never had to go to my second choice.

    Go to dealer when they are not open and find what the 3 standard levels, basic, mid, high, include. Regardless of the options offered, most have packages of bundled options.

    I decide on the level I want and get the prices from the net, things like the Edmunds TMV. I use the TMV to get an idea of how dealers are treating specific cars, not as what I will pay for it.

    I multiply the MSRP by .85. That gives me my target price out the door. That is @ 20% below sticker with the tax, title, lic., etc added on.

    When I go the lot, I start looking at model less expensive than what I want. I let the salesperson think they talk me up to a different model. When I bought my 97 monte Carlo I began by looking at Malibu.

    When we do get to looking at what I am really interested in, and I am asked what I am willing to spend I give a range that is a thousand or so less than my true amount. this may a little dis-honest, but when was the last time a salesperson was honest with you. It is just part of the game.

    I make certain that the sales person understands that any price they give is out the door.

    We play the game of the salesperson checking with thier boss a couple of times, which they don't really have to do. they know what they can sell the car for. The wife and I never talk about the deal while the saleperson is gone. Yes, some dealers do have phones setup so they can listen in.

    If I don't have the deal I want after three times, I leave. I do not let them wear me down and play the shell game with numbers. I have not had to leave a dealer more than 4 or 5 times over the years.

    A word on financing. I set up my financing before I start. I have a pre-approved loan before I start shopping. But if you do this, do not let the salesperson know it. also, don't be mis-lead by low interest rates. your best bet is your cerdit union if you belong to one. Even if the dealer's rate is lower you will end up paying more for the car. It is all in the wording of the financial contract.

    My biggest problem. I am sorry to say it is my wife. If she is crazy about a car she can't keep quiet about it to the salesperson. In earlier years I have had to leave dealerships because I knew the salesperson knew the wife was crazy about the car. She is better now, but I thought I was going have to leave on the G6 deal because of this. Instead I worked the deal after the wife had went back home. I had to come over as sort of a jerk letting the saleman know the wife would get over it if she didn't get the car and I would deal with that.

    One last word. What if sale people read this and reconize what you are doing? Who cares, the bottom line is they will sell the car for 15% under MSRP out the door. They may not like it, but I am not at the dealership to make friends, we are not going to have a beer later, be fishing buddies, etc. I am not going to try and match wits with the sales person, they do this everyday and will always win. I just know what I am willing to pay, and I know it is a fair price. I stick to that. If I do get a salesperson with an over inflated ego, I go to another dealer. If they really piss me off, I will come back to the same dealer a week or so later and buy the same car from a different sales person. Near the end of the deal I make sure the manager knows that I was there before but did not buy the car because of the sales person I had. That will make certain that the original sales person does not get a cut of the sale. Today, once a sales person gets your name it goes into thier computer. The dealer knows if you have talked to a different sales person. Some have policies of spliting the sales comission between sales people if you talked with another one a few days ago.

    Well, I have rambled long enough, I hope this helps some people.
  • Great stuff. Thanks for taking the time.
  • bxdbxd Posts: 186
    Vagator-

    Thanks for the lengthy write-up. Can you tell us which dealer you're talking about?? Are you implying they have brand new 2006 GTOs for $25k or less?? That would be a steal of a deal.

    Thanks again.
    Brian
  • jonivjoniv Posts: 5
    I walked into the dealer on Saturday, July 22nd and leased the only 2006 GTP convertible they had (black w/ black) including the premium package and remote start. I even got it at supplier pricing ($30,590) which is $1,500 under MSRP.

    I took it in this morning for 3 issues: a known radio issue where the xm1 and xm2 presets keep overwriting each other. They ordered a new radio. Some of the rubber molding has come loose and they fixed that. Also, I was hearing lots of cracking type noises from the seating area which they claim to have taken care of. I pick it up after I leave work.

    I haven't had any trouble with the top yet, other than some minor hesitation ocassionally. I have lowered it and raised it several times already without issue.
  • e2helpere2helper Posts: 1,002
    I hope it was an XM receiver they ordered for you and not the actual radio. ;)
  • jonivjoniv Posts: 5
    Yes, you are right, its the XM receiver ordered per bulletin #1844948. :D
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