Bah, I can get about $7K off a GM vehicle but there isn't a decent one

[BrunoPuntzJones]

So I'm still on the old GM card plan, 5% on purchases and no limit on how much I get back on a GM car. Plus I get an EDS discount, which is a big whopper, depending on the vehicle. I have about $2,500 on the GM card built up, and estimate $4K+ off with the EDS discount.

The only two cars I really like are the Tahoe and the Corvette, both are way too expensive

The car offerings are crap, no V8s, wtf? What the hell is an Impala SS or a Monte Carlo SS? Super Slow? V6 and SS don't mix.

Grand Prix would be ok maybe. Just sucks to piss away several thousand bucks because they have 2 freaking vehicles out of 40 or so that are worth a damn, and those are more than I want to spend. Unless of course I could get a Tahoe or a Corvette for under $25K

 

[d33pt]

too bad they don't make chevy/geo metros anymore..you could've gotten a free car

 

[jhu]

how about a chevy prism? they still make those?

 

[ElFenix]

gtp

 

[Zim Hosein]

Buy an asstek

 

[BrunoPuntzJones]

Originally posted by: ElFenix
gtp

I thought about that, maybe even a Caddy CTS. Then I looked at the depreciation on the CTS. WTF?

70% pissed away after 5 years.

 

[Ryan]

You can choose a Saab A 9-5 Aero would be awesome!

 

[HannibalX]

Caddy SeVille STS!!!

 

[Actaeon]

GrandPrix GTP?

Supercharged

Your card won't work on some new but not sold, TransAms / Z28s?

 

[BrunoPuntzJones]

Originally posted by: rbloedow
You can choose a Saab A 9-5 Aero would be awesome!

Yeah, if they knock $15,000 off the price

 

[777php]

My sister just got the 9-3, that thing is nice.

 

[woodie1]

Isn't the new GTO coming out this year?

 

[Greyd]

Just buy a cheap car, resell it and use the extra money to buy what u want.

 

[Dudd]

Originally posted by: BrunoPuntzJones

Originally posted by: ElFenix
gtp

I thought about that, maybe even a Caddy CTS. Then I looked at the depreciation on the CTS. WTF?

70% pissed away after 5 years.

How can you tell the depreciation on a model that has only been around for approximately a year?

 

[MrBond]

Originally posted by: Greyd
Just buy a cheap car, resell it and use the extra money to buy what u want.

The problem with this is he'd be hard pressed to make much of a profit, because it's used.

Here's an example. I used the base model Chevy Malibu.

For a used 2002 malibu with 50 miles (not unheard of for a new car), the Kelly Blue Book is $11950

Retail on a 2002 malibu is $18730, that's retail with destination.

Assuming he gets his $6500 discount, that makes the new one 12200.

He could actually LOSE money reselling it.

Chevy's have pretty poor resale value. I'd look into a Saturn (killer resale value I've heard, but expensive to fix if something breaks). Maybe an AWD Vue, I've seen them around and they don't look half bad.

 

[BrunoPuntzJones]

Originally posted by: woodie1
Isn't the new GTO coming out this year?

Yeah but supposed to be $35K and not all that slick

Just buy a cheap car, resell it and use the extra money to buy what u want.

Don't think that'd be possible. It'd lose a good chunk of the savings as soon as I drove it off the lot.

How can you tell the depreciation on a model that has only been around for approximately a year?

Just based on the depreciation tables on it. It could be better than predicted I suppose. I remember my mom's Caddy was worthless when she sold it after about 3 years :|

 

[atom]

If it were me it'd be Saab 9-3 all the way. That car is sexy.

 

[Vette73]

Yea all GM cars suck, that is why GM is the number #1 car maker in the world.

 

[ElFenix]

Originally posted by: BrunoPuntzJones

How can you tell the depreciation on a model that has only been around for approximately a year?

Just based on the depreciation tables on it. It could be better than predicted I suppose. I remember my mom's Caddy was worthless when she sold it after about 3 years :|

its cuz of all the old people who buy them, drive them 12k miles in 3 years, then die.

 

[Thegonagle]

I bet you could get a brand new left-over Daewoo for FREE!

Just kidding.

How about waiting for the GTO?

Maybe a Trailblazer, Envoy, or Bravada.

(Do you think that "canceling" of Oldsmobile was just a ploy to increase sales? Oldsmobile has been doing pretty well since that announcement. So well that they pushed the last year from 2003 to 2007. Hmmmm. . . They should have canceled Saturn. What a waste of a successful launch. They showed promise in 1991, but folks, you don't battle Honda and Toyota by waiting 12 years to make a major update to your product!)

 

[Babbles]

Go for the GTO or the new Bonny has some Northstar V8 in it.

 

[LAUST]

Lets go down and buy LAUST a Duramax then

 

[Thegonagle]

Saturns do not have good resale value. A $3-4 grand trade-in for a 98 with 60,000 is not what I would call killer.

A Toyota Corolla or Honda Civic would be $2-3 grand more.

 

[JEDI]

Originally posted by: d33pt
too bad they don't make chevy/geo metros anymore..you could've gotten a free car

got my prizm for 1/3 off..$3000 factory cash, $2750 GM card, $750 dealer incentive = $6500

invoice = ~18.5k w/tags/tax/etc

damn..add another $4k and it would be $8k for what is a Toyota Corolla!

too bad they dont make it anymore. 2002 prizm = last

they now make the vibe, which is the toyota matrix. u might want to try that

 

[JEDI]

Originally posted by: Greyd
Just buy a cheap car, resell it and use the extra money to buy what u want.

nope..because of all the 0% deals the manufacturers offered in the past couple of years, the used car market is depressed.

ie: my 2002 prizm was $18k invoice. a year later, it's $9k on a used car lot. ($8k private sale, $7k trade-in)

50%+ depreciation on a car that's basically a toyota Corolla! :Q