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Pontiac GTO Prices Paid and Buying Experience
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Since I was never was in the market for a used car and live 450 miles from the Dealership, my question is strictly academic.
My posting is from Western Pennsylvania so the 500 mile radius includes from east of New York to West of Chcago, a lot of dealerships.
I'm constantly amazed at the amount of "slightly" used cars on the market... Once I buy a car, I'm married to it for at least three years... But, there are so many cars out there with under 5K miles, that I just quit asking why...
regards,
kyfdx
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IN fact if you do a GTO car search, it shows a few dealers in my area having a couple each. ONe dealer supposedly had 5.
Because of no incentives, low inventory and high gas prices these cars just don't seem to be moving, at least not where I live. I see the same ones day after day at the dealer I pass on the way to work.
Since June I've seen some, but not many.
I also suspect that the GTO is not a high margin car for dealers. When I was looking they were less than enthusiastic about selling the car. Its generating enthusiasm among enthusiasts, but not among the general public. As a result they haven't been able or willing to use it as a halo car to define pontiac. This despite the fact that the "Driving Excitement" division doesn't have anything remotely exciting to drive other than the GTO. (Although someday they might have the Solstice)
BTW: The cars listed on the GM/Pontiac web site show up there when the cars hit these shores. Its still several weeks (or possibly months), before they actually show up on dealer lots. Also, this includes cars that have outstanding orders. So just because its on the web page doesn't mean its available for sale.
2005 GTO Automatic: MSRP: $34,395.00 Sale Price: $30,995.53
2005 GTO 6 Speed: MSRP: $33,690.00 Sale Price: $30,293.23
It's not a discount. It's a set price. The 18" wheel option is extra. The GM website can confirm the employee pricing on a specific car but may not be updated yet re the GTO. The dealer will not be eager to negotiate on anything but your trade if you have one.
The dealer near me still has the same 8-9 cars they had since summer. Just wait until December/January when the '06s start to hit. Then you'll really see some deals!
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The reason that most dealers don't like to go under $25k for the '04 GTOs is because that's the price point at which they break even. Figure dealer invoice, less holdback and the $5000 buyout GM gave them last January, and you're in the $25k neighborhood.
GM doesn't care/won't put incentives on these cars, for, as far as GM is concerned, these vehicles are already sold - to dealers.
I'm not standing up for the price, just trying to explain their logic. At this point in time I wouldn't pay $25k for a brand-new, never-titled '04 GTO - I think your offer of $22.5 was the sweet spot. For $25k I'd buy a used '05, or maybe pay $20k for a slightly-used '04 and put a ton of mods on it...
--Robert
I found the link you mentioned to all remaining '04s in another forum. There's an identical car to this one about 50 miles away so I'm going to see what kind of a deal I can get on that one.
Anderson Automotive
Grafton, Massachusetts (near Worchester)
Good luck.
Yes, I was willing to travel. AirTran and Southwest have good one-way rates, most dealers will pick you up at the airport. Allow them to earn your business by knowing what's left nationwide. Watch out for those "doc fees", they're negotiable...
Good luck to all!
i mean, even at 25k the car is a great bargain.
man, i wish i had a gm card.
too bad i have the subaru mc.
gonna go to a dealer in the next hour or so. maybe they'll go into holdback, lol rwd v8 the day after christmas
wow, according to edmunds, the trade in value on a 6speed with 1 mile on it is 22k. even at 25k, i'd already be upside down by 5k since all dealers by me use galves.
So, I wonder what will be next... Will the rebate simply go up to $3000 as it did for the '04's? Will we see another promotion? Or, will the dealers simply get an incentive (as reported elsewhere in this forum) as they did last January for the '04's?
Anyone know if the dealers have any extra incentives now? (Knowing if there are any would help in negotiating a price.)
Unfortunately by waiting, the extra GM Card Bonus cash ($500) also expired on Jan 3....
My worst fear is that things will simply stay the way they are right now and the dealers will be able to sell the remaining '05's simply with the customer rebate, making the '05's $2000 less than the '06's "while they last".
(By the way, I saw a new orange '06 yesterday... personally, I don't like the color at all (and I usually like orange... the old "Hugger Orange" from 1972, to be exact!). The new red is not bad, but it is only available with a black interior, not the red leather.)
But, here's something interesting... it appears GM has reduced the price of the 2006 model by $1005 (base MSRP now $31,990, vs $32,995), and there is a $500 rebate. Since the 2005 rebate is still $2000, that effectively makes the 2006 model only $495 more than the 2005, which is WELL worth it. Of course, this doesn't take into account how much more a dealer might be willing to deal on a 2005 versus 2006, and any incentives GM may be throwing at dealers on 2005's (which, of course, an ordinary person can't find out, meaning you are, in effect, bargaining with one eye closed).
I am not convinced that the local dealership has any clue about what to do... so I'm a bit concerned.
Drive your GTO hard on the test drive and make sure that you drivers seat doesn't 'click'.(esp around corners under acceleration)
so looking for any interesting new news!
thanks.
:confuse:
There were less than 900 '05's left at mid-month. Just like the '04's, the 6 speed manual trannys are going first... the A4's are a bit more plentiful. I believe the incentives expire April 4 and they won't get better...
M
The 18" wheels are a must! The car looks better, and the ride is still supurb!
The one dealership that I looked at had serious markups,
around 6 grand,listed on the price sheet. Has anyone made any recent purchases in the area? I would do some driving to save money. The price they list totaled over 38,000. That's crazy. Just trying to get a reference point for cost.
Now they have also one new leftover AUTO Cyclone Grey GTO with 18" wheels. MSRP is like $34,800 including the $700 destination and the $1,300 gas guzzler tax. (Remember GM lowered MSRP ~$1,000 on '06.) Dealer has best buy sale on the new '05 for $28,995. WHAT IS IT WORTH? I was guessing $25,000 + $700 dest + $1,300 gas tax = $27,000 is fair. No clue whether dealer would take it. Is $28,000 reasonable?
What about the incentives? Various different websites say $500, $750 & 1,000. Should that be factored in? I have GM CARD Earnings, which should save me $1,000 according to GMCARD.COM.
I will also buy front mesh grills ($235 - $270)and smokers package ($100 - $140) and maybe emergency car kit ($65 - $75)
Finally, if I go with sunroof (hope it doesn't reduce headspace too much as I am 6'4"), should I have dealer do it and at what cost ($1,100?) or find an authorized Westgo dealer to install it at what cost - $1,200?
GM is going to offer 0% financing for 72 months on 2006's, the rumor has it. Should start either tomorrow or on the 1st of July.
Don't settle for a 2006 (M6 18") for more than $30,000 and the 0%/72 months.
I've been getting internet quotes on new '05s here in Ohio and the numbers have been surprisingly high - mostly mid 28s and up. For another 1k, I could buy an '06.
The next reply points out the new '06 should be ~$30K for M6. That's $30.7K w/ dest. charge. Auto would be ~$29.3K + $700 dest. + $1,300 gas guzzler = $31,300. That's about $1K less than I thought you could get in the Bay Area, but what do I know.
The question then is a new leftover 2005 Auto w/ 18" wheels worth what I think is $26K? $27K? or is it closer to the dealer best buy price of $29K? I assume that price covers the $700 dest. + $1300 gas guzzler, since they advertised it against the MSRP of 2005 which also included those numbers plus the $495 for the 18" wheels.
I like the 2005 model I saw (the only AUTOMATIC there), I like that the changes to the 2006 are minor and mean very little to me, and I like the car dealership being right near my home, all pointing toward paying a little more. But I have heard the resale value of the GTO is not as high as a Toyota or Honda (duh!), so am afraid the car has depreciated over 1 year more than the dealer would admit to.