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About to purchase a new car, help please :)


DavidCL2

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I need to purchase a new car asap, I have the cash available, do you guys think GM is going to offer "march madness" incentives like they did last year?

I could wait a few weeks if it will save me a few grand :)

P.S.

Which models would you guys recommend for a 23 year old student? I was looking at the Pontiac Vibe, I like the fold flat seats, I can sleep in that thing!

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If you like the Vibe, have you looked at the HHR? Around the same price, but much roomier and has a more powerful engine.

And welcome to the site!

Thank you for the warm welcome :)

I didn't notice the HHR before, I will definatly have to test drive it, that thing is sweet! Much more of a distinctive styling.

Do you think GM will offer some sort of march madness promotion? I am willing to wait upto 2-3 weeks, even to just save $500.

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It depends on how much money you're willing to spend for a car and what features you require. Since I don't know what area of the country you are in I am giving you the link for current offers (rebates) for Pontiac for Delaware, which is where I live. Your area should be similar. http://www.pontiac.com/currentoffers/regio...=DE&county=

Also just to let you know the Vibe does not come in AWD this year or a GT model.

A warm welcome to you, on this snowy day in Delaware. :smilewide:

Edited by Pontiac-Custom-S
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I'd bet on a March Madness sales event. Even though GM is scaling back on their incentives, they have said that they will keep their regular sales events which includes March Madness.

Also, consider what kind of financing you can secure. GM has been on a big kick of offering low financing in place of cash incentives and often times these subvented interest rates save you more on your monthly payment than cash off the hood.

The HHR is a good call.

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Also, consider what kind of financing you can secure. GM has been on a big kick of offering low financing in place of cash incentives and often times these subvented interest rates save you more on your monthly payment than cash off the hood.

I have to pay in cash :( My insurance rates are insane, its not worth it even at 0% financing (as I would be required to have full comprehensive coverage). Also my trade in is prob. still worth $5k, so it would only be 0% on ~$12k since I have a ton of GMcard money :)

I greatly apprechiate all your replies, I am going to do all the test driving within the next week (and hopefully fixup my car enough for local driving). I can wait the two weeks for march maddness (should start on the 22nd, right?), plus like you guys mentioned, what's the worse that can happen, the incentives are currently very low.

This forum is great, what a welcoming and warm place to be :)

-David

P.S.

Do you think I can get $5k for my 2002 Honda Accord LX Sedan with 73k miles with some minor body damage and a bad transmission. Shold I repair the transmission before trading in the car? The car seems to go fine in reverse, but it seems to lose power and barely go into any forward gear (at the moment I can barely go 5mph in forward gear, and that is when the car decides to even shift into gear). A friend of mine with very limited car knowlege said it may be the torque converter? Is that an expensive repair? I feel the dealership is going to take advantage of the fact that the car is barely moving when I trade it in and way undervalue the car.

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I wouldn't repair the Accord. My Aunt had a similar situation with her Subaru (oil leaking from lots of places) and it was a '98 with 72k miles. It was undriveable, basically. She sold it to one of the mechanics at the Subaru dealership for like $7k I think. There's no way she would have gotten that if she were to trade, but if she were to repair it and then trade she probably would have gotten less overall than just trading it without repairing it.

Basically, what I'm saying is this: It will probably cost you $1500 to repair it, but it's only going to cost the dealership probably $500 to repair it. If you just trade it in they may give you $1000 less because it has the bad trans than if you were to repair it, but you're really $500 ahead because you didn't have to pay the repair costs.

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Welcome, DavidCL2! Glad you like it around here and hope you stay!

I forgot where I saw it before, but I definitely saw an article mentioning that March Madness incentives would return this year.

Here it is...

GM Extends President's Day Sale 'till Feb. 28

GM will also offer a "March Madness" campaign that coincides with the national college basketball tournament that starts next month.

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I got the chance to drive both the Vibe and the HHR. The HHR is in my opinion a much better vehicle. Much quieter and its no contest which engine is more powerful though I drove the HHR with the 2.4 liter.

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  • 2 weeks later...

Hey guys, sorry for late reply..... been busy checking out the cars! I apprechiate the idea of purchasing a dodge product, but I have so much GMcard points sitting unused, I really preffer to use some of them.

These are the two cars I have narrowed down to. Any advice/coments would be greatly apprechiated.

Brand new (30miles) 2006 Monte Carlo LS with only option of ABS/Traction Control - $18,999 - trade in (prob only $3500-$4000 :( ) + $195 doc fee + tax (tax unfortanetly is even on rebate amount + gmcard amount) then - $1500 rebate - $2000 GMcard money = $13,000 or so out the door (i'm paying cash)

OR

Brand new 2007 Buick Rendezvous - going to visit a dealer tonight to find out price etc. Trade in should be same $3500-$4000. There is a $3750 rebate + $2500 GMcard money available. Never drove it yet, but from the online pictures, it looks like a really comftorable ride selling for cheap.

Is there any conquest cash on either of these models? I am trading in a honda, so I would definatly be elligabe :)

I plan on purchasing the car this friday (I have the funds ready and waiting!).

Any other models within a silimilar price point I should look at?

Wish me luck.

David

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Both of those models are going out of production. I guess they would be ok, but I think you can find some better options. If you would like a coupe, did you check out the G6 coupe?

A base G6 GT coupe after incentives and before any additional discount from the dealer is $20730. You should be able to get it down to under $20k before GM card credits and I would think resale would be much better than the Monte Carlo and I would think it would ride/handle better as well.

If you want a crossover type vehicle the Equinox or Torrent would be a better choice than the Rendezvous I think. You would probably want the preferred package, so your probably looking at something around $22.5k before GM card credits.

I think there are probably better, newer options than the MC and Rendezvous, but if that's what you like, then go for it. I'm just offering some suggestions.

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Both of those models are going out of production. I guess they would be ok, but I think you can find some better options. If you would like a coupe, did you check out the G6 coupe?

A base G6 GT coupe after incentives and before any additional discount from the dealer is $20730. You should be able to get it down to under $20k before GM card credits and I would think resale would be much better than the Monte Carlo and I would think it would ride/handle better as well.

If you want a crossover type vehicle the Equinox or Torrent would be a better choice than the Rendezvous I think. You would probably want the preferred package, so your probably looking at something around $22.5k before GM card credits.

I think there are probably better, newer options than the MC and Rendezvous, but if that's what you like, then go for it. I'm just offering some suggestions.

Thanks for the fast reply Northstar. I will definatly check out the equinox, that thing is gorgeous :)

P.S.

Anywhere online to lookup conquest rebate amounts? I am still going to try out the Rendezvous tonight as my mom loves it. I can always purchase it, drive it until the summer then she gets it and I get a new car (whatever the good deal available at the time, hopefully maybe a small incentive on a solstice ;-) ).

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What city are you in? Always check the newspaper for steals, but remember they're often used to lure buyers into an "okay" deal, if there's only "1 at this price" that's been sold.

In last Saturday's LA Times...

'07 Chevy HHR LT - $12,999 ($17,870 - $2,871 discount - $1,500 rebate - $1,000 bonus cash, in lieu of 0% APR)

'07 Pontiac G6 1SV - $11,888 ($17,720 - $3,332 discount - $1,500 rebate - $1,000 bonus cash, in lieu of 0% APR)

'06 Pontiac Torrent - $16,999 ($24,545 - $4,546 discount - $2,000 rebate - $1,000 bonus cash, in lieu of 0% APR)

'07 Chevy Cobalt LS - $9,999 ($13,755 - $2,256 discount - $1,000 rebate - $500 bonus cash, in lieu of 0% APR)

'07 Saturn VUE 4A - $16,775

'07 Saturn AURA XE - $18,995

Be sure to check when the GM card cash expires... they often don't last forever. And I believe you can't use it for Saturns.

Edited by empowah
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Welcome to the site! Skip the aging and gutless Vibe-the HHR is so much better! A little crmped and it could use more rear seat and cargo room from what I can remember, but it seems to be a lot of car for the money. Saturn Aura is good too-as for other compact and mid-size GM cars (and the subcompact)-skip them, there's far better cars that compete against mediocrities like the Chevy Cobalt and Pontiac G5, like the promising redesigns of the Nissan Sentra and Hyundai Sonata. Chevy Equinox and Pontiac Torrent aren't bad either, and if you can live with small interior door handles, a high price (in most cases), and a small trunk, the Mazda 3 isn't bad either. Skip the Rendezvous too-it has a terrible, poor-fitting interior, a V-6 that should've died after the Clinton Administration (or early in Dubya's), and its just an all-around crummy, awkward car that will be missed by almost nobody.

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Thanks for all the help guys. It was a long night, but I hammered out a deal. A 2007 Impala LT in red with ABS/Traction + rear folding seats. I love the car and the pricing is fair. After my $4000 trade in -1500 rebate - $500 conquest -$2000 gmcard + tax + dealer fee of $159 + dmv od $37.50 for plate transfer + $7.50 tire disposal fee! <--ehh way too many fees! ;-) I am paying $15,600 cash tomorrow (or next friday if I don't have enough money, lol).

Before I sign on the dotted line, whadda you guys think for a 23 year old law student? Good car? It seems to drive nicely, the handling isn't fantastic, but i'm not a kid anymore, so I don't care much. It seems like a fantastic highway cruiser (plus the hwy milage is fantastic, i've seen people post 32mpg real world hwy, my accord got 22-24mpg highway, but back then I had a lead foot ;-) )

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Thanks for all the help guys. It was a long night, but I hammered out a deal. A 2007 Impala LT in red with ABS/Traction + rear folding seats. I love the car and the pricing is fair. After my $4000 trade in -1500 rebate - $500 conquest -$2000 gmcard + tax + dealer fee of $159 + dmv od $37.50 for plate transfer + $7.50 tire disposal fee! <--ehh way too many fees! ;-) I am paying $15,600 cash tomorrow (or next friday if I don't have enough money, lol).

Before I sign on the dotted line, whadda you guys think for a 23 year old law student? Good car? It seems to drive nicely, the handling isn't fantastic, but i'm not a kid anymore, so I don't care much. It seems like a fantastic highway cruiser (plus the hwy milage is fantastic, i've seen people post 32mpg real world hwy, my accord got 22-24mpg highway, but back then I had a lead foot ;-) )

What state are you in? $23,600 seems like a lot for an Impala LT, even including tax. How much was it above invoice, excluding rebates? Check CarsDirect.com... I configured one and their net cost was $20,834. Even with 10% sales tax, it would still be less.

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What state are you in? $23,600 seems like a lot for an Impala LT, even including tax. How much was it above invoice, excluding rebates? Check CarsDirect.com... I configured one and their net cost was $20,834. Even with 10% sales tax, it would still be less.

You may be right, but remember in NJ you are taxed on everything but the trade in, or at least that is what TWO chevy dealers already told me. Do my calculations seem sound?

Price I am paying is 22,117 (LT with two options, ABS/Traction $600 + Split rear seats $275)

-$4000 trade in

_______________________________

18,117

X 1.07

---------------------------------------

19385.19

_______________________________

-$500 conquest

-$1500 rebate

-$2000 gmcard

_____________________________________

$15385.19

They are charging me $15,400 (no biggie, $15 difference)

Then I have to pay $159 doc fees (whadda you gonna do eh?)

$7.50 tire disposal fee

and were gonna try to transfer plates, so just $37.50 DMV fee

__________________________________________________________

$15,604 (there may be another $8-$9 fee) This is what I would have to pay out the door in cash.

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David - what discount did the dealer give you (besides incentives, trade, and GM Card credits)?

empowah - I think $23600 is right for what he got, I configured an LT with ABS on GMbuypower and I think that's what the price was going to be after destination charge.

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I can save a bit more money if I go with a BASE impala. I would loose these features:

Remote start

Alloy rims

ABS/Traction control - this is the biggie that is getting me to buy the more expensive package

rear fold seats

dual zone AC/HEAT

Truth be told I don't care much for the options, I just feel its important to have ABS brakes. What's your guys opinions? It would be an easier purchase to financially handle with the cheaper base model.

Here is the calculation of base model

20792

-4000

_______

16,792

X 1.07

17, 967.5

- same $4000 in total rebates between $1500 - $500 conquest - $2000 gmcard

______________________________

Total = $13967 (so dealer would probably round me upto $14,000

Are all those options worth $1400?

Is ABS necissary on such a large car?

Another option is, do you think I can try to force the dealer to find a base model with just ABS/Traction (thereby saving $900 and just losing alloy rims, remote start, rear folding seat, dual zone heat + ac).

I am leaning towards just sealing the deal as-is as they are offering a fair price for my trade in, and i'm getting sick of car shopping ;-)

Please give me your opinions, TIA!

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David - what discount did the dealer give you (besides incentives, trade, and GM Card credits)?

empowah - I think $23600 is right for what he got, I configured an LT with ABS on GMbuypower and I think that's what the price was going to be after destination charge.

Well the dealer charged me just ~$22,150 NOT $23,600. I am basically paying invoice on this car remember it has abs/traction + the rear fold seat <--- cheapest car on their lot with ABS. My transmission is dead and the dealer is going to tow it for me (and still give me the $4000 credit for the trade in, and I get to utilize $1500 rebate $500 in conquest cash + $2000 of my gmcard money, my total discounts below invoice is $8000 (but I am taxed on $4000 of those discounts)).

Edited by DavidCL2
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Ok, it seems like you're getting a good deal then. Did you check out the G6s? I think you could get an even better deal on it.

I just priced one:

2007 Pontiac G6 4dr Sedan (2.4L 4cyl 4A) MSRP: $18,730

Only options: ABS + Traction control ($400) and CD player ($75) plus destination brings MSRP to $19,855. If we start at $1xx over invoice, you're at $18,900.

$18900

-$4000 trade in = $14900 x 1.07 = ~15950 (really $15943)

$15950 - $2000 rebate - $2000 GM credits = $11900 - $500 conquest (not sure if it is the same as Impala, just guessing) = $11400 + ~$200 in fees = $11600 out the door, and I don't think you're getting much less car. You're getting a 4cyl instead of 6cyl, but it doesn't have that much less HP (~170 vs 210) and the Impala is no doubt heavier, so acceleration would probably be similar, and you'll get better gas mileage as well, plus you're out the door for $4k less.

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