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We looked at the Scion XB, & the Matrix. For a few more thousand, I think the options on the Maxx are quite worth the money.
Jim, Im aware of the problem..it appears to be a resonance issue....item 127 in the problems and solutions forum..I havent noticed any noise in mine...but will mention it to the service manager on Monday....I hate anytime a repair has to be made to a transmission....I have never had luck once it has been repaired ..with experience over several cars....so will leave it alone if I dont notice anything...! My was built in Feb 04
I have the old GM card which allows a max. of $3,500 for any GM car. GM tried to entice me to switch over to their new card but only a fool would switch.
Getting both the cash back and GM points applied to our Maxx was the smoothest part of the transaction. The cash back was entered in the contract and the GM points was called in by our salesperson.
The key is to negotiate the sales price first! and do not allow the rebate or points to be included in the negotiation. Any cash incentive should be applied afterwards and should be considered paperwork only.
Good Luck!
Rob
I didn't worry the warranty is 3/36 so anything they did wrong will show up.
2 days after I picked it up we went on a 400 mi trip into some remote areas but I figured it would be good chance to test Onstar, trans was perfect.
Our salesman also factored in the rebate in his initial offer. I inmediately pointed it out. Ugh!
Can't sales people learn to spot informed/educated buyers so that we can all cut the BS and save time? I've spent over 6hrs spread over 2 days to close the deal.
We traded in a 2002 Axiom (4WD) that has a KBB value of about 13.4K...so my numbers above were assuming they gave me the KBB value for my Axiom (which I believe they did).
My understanding is that you can select either the $3500 rebate, or 0% and $1500. However, it also appears that if you get standard financing through GMAC, you can get the $3500 rebate and the $1500 Bonus cash. In that case, does anyone have any idea what the rate would be?
It appears that Raybee (Post #125) got an interest rate of 2.1%, which is pretty good. That in combination with a $5k rebate would be an excellent bargain.
Thanks,
Steven
Silver, LT w/1SB, DVD system & Six disk CD changer.
MSRP: $26,925
Price: $24,837
We're trading in our 02 Venture LS, and they've allowed us Edmund's trade in value.
I've decided to finance through GMAC with a 7.99% rate, and will refinance later at my Credit Union. This allows me to get the $5000 rebate ($3500 + $1500 Bonus cash). The dealer says that I can refinance anytime, so I'll be checking the paperwork carefully before I sign to make sure thay aren't making a mistake (I don't intend to get stuck with this high rate for long).
We test drove it a couple of weeks ago, and my wife was looking at a black one. However, my new Blazer is black, and shows dirt overnight. Thus, she decided that Silver would be fine.
Steven
Could someone please provide more info on that extra $500-1000 that is being referred to.
In Boston, for an LS with 1SA I've found:
MSRP 22,305
Dlr. Disc. 2,806
Rebate 3,500
GMAC rebate 1,000
Net: 14,999
In the Midwest, the offers in effect last week were $3500 rebate and $1500 in Bonus GMAC cash if you financed through GMAC. Oddly enough, there is absolutely no pre-payment penalty, so we intend to refinance at about half the GMAC rate (7.99% vs 4.05%) with our Credit Union.
Steven
http://www.chevrolet.com/specialoffers/south_east.jsp
Prices are coming down in the area. I sent out powerbuy price requests to a bunch of dealers. Most came back around 17,5 for an LS with 1SA. When I emailed them back with Quirk's ad price, a few came back with offers in the 15,5-15,7 range (along with the obligatory Quirk bashings).
We've been looking since Friday, but we still have not seen a single Maxx on any road, highway, or parking lot from the NH to NJ.......
Thanks. I had already checked out the different geographic offers. What I was wondering about was Madmaxx's rebate of $5500, which I couldn't find anywhere, including WA state.
Was thinking it might be 4500 current (3500 GM + 1000 GMAC) + 1000 Olds loyalty??? Is that possible....?
There is another way.
Many Chevy dealerships have special $500 coupons that GM provides in order to close deals.
I have been the recipient of two such coupons. When we purchased our '02 Venture, the dealership 'found' an extra $500 that was applied as a rebate at the time of purchase.
In July, I purchased an '04 Blazer, and the rebates totalled $5500, not the $5000 that was shown on the web site the day I bought the vehicle. When I asked the dealership about it, they explained that GM had a special program for making close deals work.
Informally, I have heard that dealerships are awarded these coupons based on their sales, with between five and ten awarded to the high volume stores.
I don't know if that is how Madmaxx got the $5500, but it seems reasonable.
Steven
So that's where that extra $500 rebate came from when we bought our Tahoe back in late June. We had reached an impasse and I was just walking out, when the sales rep ran to the front desk and found us a different Tahoe with more options for a few $ less. On the BoS, it listed a total of $5500 in rebates when $5k was the max at the time. My Dad's theory was that they had fudged the numbers/facts and had slipped me a recent grad or military rebate to make the sale.
When I had previously spoken with the sales manager, he had mentioned that they can sometimes call in to corporate and 'persuade' GM to throw an extra 'coupon' their way on a case-by-case/day-by-day basis (this is the 5th largest Chevy dealership in the US). I had been led to believe that it was partly dependent on the vehicle sitting on the lot for an extra long time.
My $5,500 rebate is broken out as follows:
$3,500 from GM.
$1,500 from GMAC + 6.49% interest rate.
$500 Seattle Seafair "Bonus Cash". I was told by several dealers the the bonus cash would end the 17th (yesterday).
So--
Maxx LS with floor mats.
Window sticker $22,305
Dealer discount -2,506
Rebates -5,500
Net Price $$14,299
Hope this helps.
I just finished my first road trip. Even with the Seattle I-5 traffic, I computed 32.8mpg!
Very Happy with my new Maxx.
I was shopping in northern VA but since my family lives in MA I could buy there too. I did talk to Quirk, but I wanted a 1SB. They would give the me the same deal on a 1SB as a 1SA, as in the same dollar amount, but on a 1SB with a sticker $850 higher, that discount wasn't as good a deal.
Plus, I've heard funny things about financing with Quirk on their ad cars...but who knows.
So I went with my Baltimore dealer for a 1sb (you can look back at my deal if you are interested). I thought I did well.
Other MA Chevy dealers are telling me that to get the full GMAC rebate, I have to finance a minimum if $5K and can pay off the note at anytime without penalty (which is supposedly MA law, one finance mgr. told me).
Quirk on the other hand (multiple times via phone) INSISTS that I would have to finance $10K and hold on to the loan for 90 days lest GMAC charge me back for the full amount of the rebate. I have no idea how they think GMAC would accomplish this.
RE: Quirk bashing: I'm tempted (for laughs) to post an email I received from a rival dealer after I asked them to compete with Quirk's price on a Maxx. Their reply accuses Quirk of everything, but stops just short of blaming them for starting WWII......
I have GM supplier discount. The rebate break down as:
3500 cash
1500 GMAC
500 regional rebate.
I think the interest rate from GMAC is higher in order to get 1500.
Can any one tell me if I pay back the GMAC loan with cash or low interest rate loan from my credit union? Is there any penalty charge or fee if I do so? When can I Pay the loan back? What is the best interest rate and minimum loan from GMAC to get 1500 rebate? Is there application fee?
Happy shopping every one
According to the GMAC loan paperwork we have, there is no prepayment penalty, and the loan can be paid off at any time.
We did the same thing you are considering. Financed through GMAC in order to pick up the extra $1500.
I called GMAC, and they told me that the dealer sets the interest rate. This information has been borne out. One of the dealers I obtained a price from said that the best they could do for a rate was 8.99%. The dealer I bought from offered me 7.99%.
The dealership I bought from also told me that I can pay off the loan anytime I want. They claimed that if I pay off the loan within 90 days, GMAC will go back to them and charge them a couple hundred dollars. However, when I told the finance manager that we intend to refinance as soon as we get the account information from GMAC, she responded that she thought it was a good idea.
When I was talking to the GMAC representative, I asked her why GMAC would be willing to write a high interest loan and give away $1500. She said she didn't understand it either, but I was completely free to refinance at any time.
Seems odd, but I guess that's why I'm not a CEO.
Good Luck and welcome to the board.
Steven
I will close the deal on Saturday afternoon. Called the sales to fax me the contract today. It seemed that he hesitated to fax me the complete contract/agreement. Is the dealer playing game? I will find out soon, and let everyone know.
It's compliacted
http://www.obre.state.il.us/CONSUMER/Tips/RULEOF78.HTM
It's compliacted
http://www.obre.state.il.us/CONSUMER/Tips/RULEOF78.HTM
Rule of 78 has nothing to do with the rebate you would receive from GMAC at time of purchase. It is a glorified way of saying you pay a penalty for early pay-off of your loan. It is outlawed in ~15 states and should be avoided if at all possible, as it will end up costing you beaucoup bucks.
The rebate the link refers to is a "rebate of interest" and has to do with any interest you may have due you based on exactly when in the loan you actually pay it all off. It has nothing to do with the $500-1500 rebate that is tied to GMAC financing.
Here's another explanation of the Rule of 78. PLEASE read it before you sign today, just so you know. First link crunches the numbers, second link gives history and why it is so evil:
http://www.tiac.net/~mabaker/rule_of_78.html
http://www.bankrate.com/brm/news/auto/20010827a.asp
Malibu Maxx
1SB option
Mud guard.
MSRP: $23150
Saving: $2454.25
Cash rebate: -$3500
GMAC rebate: -$1500
Regional rebate: -$500
Price:$15196
Plus tax, doc fee, license and title
Paid $17015
The GMAC loan can be prepaid without penalty.