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the 08 CTS will not see that kind of mileage....also have an 06 Pontiac Solstice in the garage as well with 30K on it
I can't find a website that lists discount prices for GM extended service contracts (or even suggested retail prices).
What is the lowest price you can expect to find for a 6 year 100K mile $0 deductible contract with the fewest coverage exclusions?
Are the residuals so low that leasing a Malibu is pointless?
2008 1LT Malibu. With Power Convenience Package only. The total MSRP is 20995.
Can anyone tell me the price I shold pay for this car? Thank you all very much.
Thank you.
Dealers are pretty clear on GMS, just read from the invoice. If you want to verify, they've already given you that discounted price...just ask to see the invoice, where it will show that, Supplier, regular invoice, etc.
Back when first looking, the price was pretty clear, with no haggling. $200 over invoice on in located/swapped vehicles, and maybe better on something off their lot or ordered. The car we're getting was swapped, a 2LT with Sunroof, Premium Mats, and Side Molding.
Sticker = $23,777
Invoice = $22,830
Our Price = $23,030
Others we were looking at had lower invoices, because of no advertising, something that bumped this one up a tad, I think.
Then from there, we also had our $2000 topped off bonus GM card earnings, trade, etc. It was a great deal, all around, and easy...aside from the aggravation of trying to locate and get other dealers to respond to swap requests.
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Share your vehicle reviews
--jjf
Can we wake this forum up guys? My parents are considering a Malibu and I'd love some feedback from new owners. Thanks!
We looked at Honda Accord, Nissan Altima, Acura TL, And the Infiniti G35 and the Malibu.
My wife still likes the infiniti g35 for looks but agrees that she was disappointed with the test drive. It was loud inside with a lot of road noise.
At first we thought we liked the Nissan Altima but it looked really cheap inside after driving the Acura TL but the Malibu still was pleasing to the eye after the Acura testdrive.
Actually we would have went with the Acura TL if the price to value would have been a little closer. We just could not justify 5-6000 more for the Acura.
We enjoy this car as much as any previous car we owned. So if your parents really like the Malibu I suggest you go out to a couple chev. dealers with them and test drive one. Also we are getting what they advertise with gas mileage with the V6.
I hope this helps.
Let's hope the Malibu has better feel inside that the Aura - the Aura Hybrid I sat in felt CHEAP.
The sales pretty much show off the car, and how great it is. As reviews have said, the last gen had the platform...but it was never showcased properly. It was, for all intensive purposes, a perfect Enterprise kind of a car. Actually, having an '07 for a month, that was a huge factor in us getting the '08...I enjoyed that car, and never expected it, and at the same time the all new '08s which were being raved about were just coming out.
It's a fantastic car, and still nothing gets the comments, questions, stares, etc. our Gray/Titanium 2LT does, and then is still even more astounding to ride and drive in. We've owned a variety of vehicles from various classes, and it has them all beat so far for the overall "package".
DON'T compare it to the last gen (aside from substance and quality, it's now a stunner and will NOT be fleeted in those numbers), the Impala (which is a bigger V6-only car, but the king of rental and fleet sales, on an ancient platform, is cramped inside despite the size, etc.), or various others. Compare it to the class standards, and see what you think.
First and foremost, GM needs to get rid of 4-speeds in the 4-cyl cars.
Thanks for the post. May I ask...
Is your 2LT a V6?
What did you pay for yours?
This is a prices paid forum, after all.
Thanks again!
As for price, I've actually posted it before, and will again.
Car: 2LT 4-cyl with Body Side Moldings, Premium Mat Package, and Power Sunroof
MSRP: $23,770
Invoice (with ad fee): $22,830
Our price ($200 over invoice): $23,030
Would have been even less had it been from a dealer such as where we bought it without ad fees, but was a dealer swap in, we wanted it NOW, and the dealer, salesperson, and great pricing were all fantastic. So the discount seems small, but I know the salesperson and we freely printed out and looked at all the invoices of cars we found on the system, and that's just how it was. $200 over invoice without trying was fine by me, especially considering there was only 1 other one on the lot at the time and we went through 2 straight weeks of requesting swaps with other dealers, getting turned down or ignored (hot car=they don't want to), until finally this one came available.
It was for my mother, and she loves it, and I finally had the chance to take it out for a longer drive on my own today, and am still enamored. Exterior and interior are stunning, the overall solidity and finish is awesome (this car really feels like a tomb purring down the road), the seats and body space are terrific, and most of all, the 2.4L drivetrain combined with this extremely solid and silent car is incredible. You'd be hard pressed to tell it's 4-cyl by sound, or even a V6, and it just pulls away very energetically and silently.
I've had a chance to drive and play with many of the competitors and none match the total package or even remotely the emotional grab of this car. No, it isn't perfect, but it's an extremely well done car throughout. So, in the coming months, I very much hope to buy myself another identical one, probably an '09 with the 6-speed and Bluetooth, etc. I'll buy any brand, any model without preference, and this car still gets me.
A 22000 base ls impala barely wholesales for 13000 in a year, and the old model 18000 malibu wholesaled for about 11000 or so after year one. This has been the case for years. The new 08's are likely to behave similarly.
Given the base 21600 Accord LX sedan is advertised for about 18500, I would be hesitant to pay more than 16000 or so for the 20000 base malibu, given its (and the impala's) history. For any of the 25000 models, I would want significantly more off.
--jjf
I have leased my vehicles since early 1990's when Ford, GM and others began being aggressive on leasing for individuals. Now this drives my vehicle selection based on the most aggressive deals.
The Malibu lease carries a 3.15% rate and a 62% residual on 27 months and 50% on 39 months (15K miles per year). This compares to basically no incentives on the purchase.
By leasing, you can mitigate the risks of fleet sales or retail incentives that might impact your wholesale/tradein values 2-3 years from now when you go to turn the car in.
I believe there are too many risks in buying new unless you have a 5-6+ year hold strategy. I like to change into new vehicles every 2-3 years and leasing nevers leaves me upside down.
Good luck with your ride. Nice car only positive comments from all who've seen the car. It's like a driving bill board for GM.
Paid - $18997
Bought in Frisco, TX
Personally, I'd prefer a prostate exam over the new car buying experience. This was no exception.
Currently the G6 incentive is about 3500 off and 2.9% for 60 months.A purchase about invoice would put one at 4500+ off with the 2.9%. The msrp on both vehicles is similar.
Don't pay msrp for a malibu. You want at least 4500 off the base and much more off the 24000 LT 4cyl. You can get one helluva Impala LT3 3.9v6 loaded msrp 25000 for about 19000-20000. Give it a little more time for production to fill the lots, if it hasn't already.
Good luck
--jjf
However, just because a G6 is on the same platform, doesn't mean a 2008 Malibu will have the same resale value as a G6.
Resale value is determined by supply, demand and desirability, not platform.
Since the new Malibu is much more desirable and much more highly rated in reviews and has better styling in and out than a G6 and is also in much lower supply since there will not be so many 1 year old ex-rentals competing with new Malibus, it will have better resale than a G6.
The new Accord will probably have the best resale because it has the fewest ex-rentals competing with new Accords, but the Malibu will at least be much better than a G6 in resale.
The Malibu will not, years down the line, sell used for only a couple grand under new...but continually looking at the Impala, G6, etc. and what has happened with them are bad examples--all vehicles, from the getgo, acknowledged as being highly fleeted, sold at great discounts, etc. The Malibu is one of the later vehicles that is working to change this greatly, and will, with continued success.
And your idea of discounts on the Malibu is INSANE. The reason you can get thousands off of an Impala is because there are rebates, bonuses, etc. always laying on the hood. With the Malibu, as with a most newer and newer GM's, there is a very small margin between invoice and MSRP, so very little dealers can cut into for discounting and no cash on the hood to further subtract.
The absolute best deal you will get anywhere, for some time, will be a few hundred under invoice and that's it. Just because you can get a loaded Impala on a 20 year old platform and with a gruff V6 for close to the same as a loaded 4-cyl Malibu...that's not a valid point of comparison. The Malibu is a more sophisticated and refined vehicle, on a much more modern platform, has no rebates, etc.
Again, it's not perfect, but some of the illogical posts people are pulling out of their behinds on Edmunds in regards to the Malibu are incredible, and not in a good way.
This was my first trip to a local Chevy Dealer with a test drive of the 2008 2LT Malibu - had premium audio package and sun room. (MSRP $25,015).
I have the GMS Supplier Discount Rate $23,982.04. Here was the first offers, any help getting these lower would be much appreciated...
- plus I'm doing the pull-ahead program (have 3 months left on 2005 Pontiac G6 Lease)
$1,000 down - quoted 3.15 APR
For 39 months (12k/year) quoted $373.31
For 39 months (15k/year) quoted $393.40
Is the residual % still %50 for the 2008 Malibu?
I went online and used a lease calculator and with the same figures it came up with
$333.96 - but I don't think I included delivery charge or any other fee's - not sure what they are.
Any advice to go in and negotiate this under $350 would be much appreciated - please respond here or email erodaman@optonline.net
Thanks,
ER
Power adjustable pedals no longer available
6-speed automatic available on all 4 cylinders except LS.
Bluetooth available on most models except LS.
Stability control now standard on all including the LS.
They will start taking orders for 2009s in a few weeks and start actually building them around June 16th so dealers should start getting the first 2009s by July.
Any news on '09 pricing? Dual-mode hybrid?
Offer - 21,900 (invoice)
Minus owner loyalty 1000
Minus GM card 2809
Minus Citi Bank Card 1400
Paid 16,991
I've only driven it 100 miles so far but this one is night and day difference compared to the previous 2 Malibu's I have, a 2000 and a 2004 Maxx.
And having driven an '07 for a month that I loved, which then transformed into mom buying the '08...I completely agree on your sentiments.
The $20,000 base 08 Malibu LS has $13000 written all over it in a year. The $25000 msrp model in the mid $15000's. This depreciation would be in line with the other models and the previous ( now classic) 07 bodystyle.
I would wait for some of the hype to die down in the auto press and try to get as close to $4000 off the base 08 LS as possible, more off the more expensive models, or equivalent financing. I'd try to repeat this toward November or sooner with the 09's.
Good luck
--jjf
$27,505 - invoice (mine had the sunroof, rear power package which was basically a rear power outlet and a shade for the back window)
- 1,000 - GM loyalty cash
+ 2,654 - tax, tag, title (wasn't trading in anything)
$29,159 - out the door price
What are your thoughts out there who have recently purchased the LTZ? I hate the whole dealership experience and would rather just cut to the chase with a fair bottom line offer.
Even the 2.0 liter in the lighter 3 may outperform the Malibu much less the 2.3 liter in the sport and touring models. The mazda3 will turn in a 34' circle, being the same width as the malibu, while the chev will take 40' (the cumbersome old Ford C Victoria police car is 42') Also the electric steering in the base malibu is problematic for some. Definitely test drive both.
A similarly equipped 3 will cost you about $16xxx-. With some true deals $15000 and below for the i series. The 3 s sport hatch 5 door fully optioned msrp 19500 sells for 17200 and below all the time.
The mazda3 hatch or sedan is stunning on the road in Red, Blue, Gray especially at night, even after 4 years.
Read my previous post, and if the if you can't get a quote on the 20000 msrp Malibu LS in the high 16's yet I would move on. You may be able to get a well equipped 22000 msrp mazda6 sedan below 17000.
Of all things, even a 08 Hyundai Elantra gls auto (msrp 17000) may be comparable enough for many purposes, Has an unusual hi edmunds editor review rating of 8.3, rates highly with the Civic and 3, is fully equipped, 60/100k mi warranty and seems to sell for under $14000 all day long.
Good luck
--jjf
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I am thinking about buying a new 2008 Chevy Malibu 4 cylinder LT1. What do you all think is a good price including TTL? Feedback would be appreciated.