That is complete crap. You can't get a Kia for $70/month how could someone believe someone got a GTO for that?

 

Did you read the thread? He used a rebate, the December incentive, points saved up on his GM card, employee/family discount, loyalty discount, and a prepay discount. He leased an '04 GTO at the beginning of '05, so they probably had it discounted to get it off the lot anyway.

Apply all of those discounts to a Kia and they'd be paying you to take it.

 

No I didn't read the thread but come on how is the dealer making ANY money on $70 a month on ANY car?

 

Just because the buyer is only paying $70/month doesn't mean that's all the dealer is getting. At the very least, some money comes from GMAC to compensate for the points on the GM credit card. I'm not sure who backs the incentives or the family discount or anything, but I'm assuming most of that isn't backed by the dealer either.

 

Was the Mach 1 White with a 5-spd?
If so, I'll head your way for a weekend trip!

I posted in another thread about a USED GT500 at Parkway Ford that had 7xxx miles on it and was STILL being "adjusted for market" by $5000. I could not believe that. Dealer rape on a USED CAR!!!

I am simply against these dealers making pure rape-money on cars they did not sell, transport, or do a d@mn-thing to bring to you.

 

My 2 year lease on an 04 GTO was $279/month with nothing down. I put down a couple grand to get it to $199/mo. That was in June of 04, and I heard they got cheaper as the 05s started showing up that fall. Residual was crazy-like $21700. I remember it booking for $19,000 wholesale when I returned it in June of 06.
I see some dealers are offering a one time payment for a 2 year lease. If you have enough up front money, the monthly payment will disappear.
New Ford Shelby GT500s can be found for sticker if you look hard enough, not the 540hp KRs though.

 

Well perception is reality, and when it comes to cars, the truth is fluid except to a very few. I know the Mustang is a pretty good car, but I'm willing to bet that the folks coming into a Pontiac dealership dont have practical experience with a S-197 Mustang (unless they are there to trade it in, but you'd have to switch tactics and pry the what and the why out of thier Mustang mis-givings), the G8 spec sheet is more than enough to trump any real world advantage the Mustang might have and thats probably enough to justify spending an extra 3k.

Anyways, again I'm just saying that's how I'd pitch the G8 with that 5k ADM, using the Bullitt Mustaing with a 2k mark-up as a comparison, makes the 5k seem smaller than it really is and then when you start pilling on the extra power and the more sophisticated suspension, that 3k difference gets even smaller.

 

I work at a pontiac dealership and was told gm only put $900.00 in the G8..Meaning if they sell it for msrp they only make $900.00...Not much room to haggle on the msrp if thats the truth...Not surprised on the mark up...

 

According to Edmunds, there's almost a $1500 spread between invoice and msrp on a G8 GT.

 

Ok if that is true, then why not just sell the car for MSRP and make the $900 plus whatever holdback they receive from GM? They'll still be making money and hopefully building a loyal customer base.

Marking up the G8's at asinine prices only hurts the dealer, as well as Pontiac. You would think they would have learned from the GTO.

It really bothers me as a Pontiac enthusiast and owner that great cars that are desperately needed at Pontiac right now might not be as well "received" in terms of sales becuase of greedy dealers.

 

My understanding is that there's only been one delivery of special edition "888" models. There's also been no mass advertising that I've seen, so any buyers at this point are from the enthusiast group.

Its far too early to draw the conclusion that Pontiac dealers are going to screw this up just because the first SE car on the lot has a markup on it. The dealers know what happened to the GTO.

 

screw the g8, you know theyll come out with a better looking gxp in 6 months and then the regular g8s will all be selling used for 15k like the 04 gtos did

 

Regarding the cheap GTO prices a few years back:
I believe those were SmartBuys. They give you a rediculous low payment, but then you owe like a million bucks as the last baloon payment. That's how they did that.

 

Residual on my 04 GTO SmartBuy was a bit over $20,000 after 2 years (which would have been Sept. 2006). $20,000 for a 2-year-old car with 11,000 miles on it (my specific example). Not quite a million bucks.

 

It would seem to me you would need to have a lot to store those cars. The cars that were already out would become more rare, as you are no longer dispatching the vehicles to the dealer but the lot to flood the dealers. If they adopted that stradegy for Camaro, wouldnt it delay the release? While they sat there, wouldnt there be issues of ruber dry rotting, paint dulling from bird dung and animal encounters while the brakes rusted?

GM would have to maintain the vehicles. Now to me it would seem that the dealer is setting the price. They are imposing the markup. Like others have said, why not walk out? If someone is going to pay it fine. If not, then the dealer is the one who is stuck with the result. I would think if they pile up at the dealers lot rather than a GM lot, then at least one of those dealers will come off the markup to move the cars. Make the dealers who charge too much maintain the vehicles they cant sell.

BTW, if you were able to magically flood Pontiac dealers tomorrow with G8's what would the plant workers do for the rest of the year?