GTO Finally Gets Incentives! [Archive] - Pontiac GTO Forums: Pontiac GTO Forum

: GTO Finally Gets Incentives!


Orbit Orange
07-07-2004, 02:42 PM
On the GM Media site today, GM announced a new round of incentives and the 2004 GTO is finally included although it is not much.

This goes in effect for vehicles delivered 7/7 through 8/2

0.9/1.9/2.9* *36/48/60* months

Pontiac* GTO

No cashback or rebates, just special financing. No 0% either but it's a start. Doesn't say if it will extend past August 2nd, but I bet it does.

Good news for us looking for a deal.

:)

Orbit Orange
07-08-2004, 10:14 AM
Wow, 80 plus views and no other posts besides this one so far.

You can cut the apathy with a knife. I guess this is a resounding "who cares"??? :blink:

Anyone going to take GM up on the deal?

silverstreek
07-08-2004, 10:45 AM
The old car hobby is destroying this car and we need to organise to dispell the negetivity by touring to other car shows and events.I've been welcomed at Chevelle shows and gotten positive responses.Many don't know the GTO out.

1964GTO
07-08-2004, 02:25 PM
Originally posted by silverstreek@Jul 8 2004, 09:45 AM
The old car hobby is destroying this car and we need to organise to dispell the negetivity by touring to other car shows and events.I've been welcomed at Chevelle shows and gotten positive responses.Many don't know the GTO out.
The old car hobby is not destroying this car the lack of deals is. Is there any lease deals yet. I am going to lease my GTO.

gto_in_nc
07-08-2004, 02:47 PM
I don't understand this "the car needs deals and incentives" thing. People talk as if "deals" are somehow good for the car. All they really do is lessen the value of every car already sold.

1964GTO
07-08-2004, 03:09 PM
Originally posted by gto_in_nc@Jul 8 2004, 01:47 PM
I don't understand this "the car needs deals and incentives" thing. People talk as if "deals" are somehow good for the car. All they really do is lessen the value of every car already sold.
sucks for you, but good for me :laughbounce:

silverstreek
07-08-2004, 06:49 PM
If they have to do discounting on the GTO it will effect every new niche car including capa platforms ie Soltise and others.if they can't sell these cars at sticker they'll won't make bussiness sense.They'll be no more high powered ones for sure.Corvette doesn't need the competion.

1964GTO
07-08-2004, 07:26 PM
Originally posted by silverstreek@Jul 8 2004, 05:49 PM
If they have to do discounting on the GTO it will effect every new niche car including capa platforms ie Soltise and others.if they can't sell these cars at sticker they'll won't make bussiness sense.They'll be no more high powered ones for sure.Corvette doesn't need the competion.
Nobody pays sticker any more on a car. Unless it just came out. Know that the GTO has been out for a while they need to discount and do lease specials. Or else this car will fail.

silverstreek
07-09-2004, 10:48 AM
Sticker prices are the reason for niche cars.Manufactures have to make more money on cars and wiene people off rebates etc.Right now GM makes on average 78 dallors on each car.Toyota makes on average 2070 dallors on each car.(figures from Autoweek)Just to pay retirie benefets cost $127 per car.So obviously profit must increase.The main reason forien manufacturs make cars here is the profit.They dumped their retirement benifets on to the Japanese goverment,which is what American manufactures are trying to do here with political help(Bush).Thats what the medicare drug cards etc is all about.

silverstreek
07-09-2004, 10:57 AM
Some in the old car hobby worry about modern muscle cars cutting the value of their cars and put out negitive reports on the new cars.Unfortunatly but true,Barrett Jackson said as much himself in an article about the car hobby on tv.

1964GTO
07-09-2004, 12:14 PM
Originally posted by silverstreek@Jul 9 2004, 09:58 AM
Some in the old car hobby worry about modern muscle cars cutting the value of their cars and put out negitive reports on the new cars.Unfortunatly but true,Barrett Jackson said as much himself in an article about the car hobby on tv.
I highly dobut this. People buy old muscle cars as a weekend car. Something they can show and have fun with. They buy new cars as daily drivers. When you buy an 04 goat its value goes down, you buy an old one they only go up. You cant compare new and old. Who cross shops a 64 GTO with an 04 :blink:

6t9gto
07-09-2004, 03:55 PM
Originally posted by silverstreek@Jul 9 2004, 02:58 PM
Some in the old car hobby worry about modern muscle cars cutting the value of their cars and put out negitive reports on the new cars.Unfortunatly but true,Barrett Jackson said as much himself in an article about the car hobby on tv.
Believe that applies more to the "collectors" not the enthusiast. I didn't buy my GTO hoping to make a profit.

Tails
07-09-2004, 04:12 PM
Lets see.....if I keep driving my 04 goat for forty years I would be 93. I can hardly wait to see what it's worth!!!!
:ph34r: :ph34r:

1964GTO
07-09-2004, 04:51 PM
Originally posted by 6t9gto+Jul 9 2004, 02:55 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (6t9gto @ Jul 9 2004, 02:55 PM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-silverstreek@Jul 9 2004, 02:58 PM
Some in the old car hobby worry about modern muscle cars cutting the value of their cars and put out negitive reports on the new cars.Unfortunatly but true,Barrett Jackson said as much himself in an article about the car hobby on tv.
Believe that applies more to the "collectors" not the enthusiast. I didn't buy my GTO hoping to make a profit. [/b][/quote]
neither did i

Icantdrive55
07-09-2004, 07:44 PM
Originally posted by silverstreek@Jul 9 2004, 09:58 AM
Some in the old car hobby worry about modern muscle cars cutting the value of their cars and put out negitive reports on the new cars.Unfortunatly but true,Barrett Jackson said as much himself in an article about the car hobby on tv.

If they have to do discounting on the GTO it will effect every new niche car including capa platforms ie Soltise and others.if they can't sell these cars at sticker they'll won't make bussiness sense.They'll be no more high powered ones for sure.Corvette doesn't need the competion.

If you want to check the impact of price discounts, maybe take a look at the chatter on CorvetteForum.com. GM is offering 2004 Vettes including CE's and Z06's discounted in excess of 10 grand (approx 20 %). Result: Vette sales are booming and clearing GM's inventory - probably to clear it for the introduction of the new C6 in the Fall. But, when looking at marked up GTO's in the mid to upper 30's, going on to buy a Vette is not that big a $ jump.

On the other hand, first year for GTO - last year for C5. Probably an effect there also, but why would GM want to make it's only musclecar (not sportscar) offering so rarely seen on the street? Especially with the Mustang about to debut in the Fall. I have only seen one (1) GTO on the street this year.

I was considering buying a 4-5 year old Vette, but decided that the 2 seat option wouldn't work for me because I need more practicality. But, I don't think the discounts are hurting the Vette market because you can't find good C5's (even the 1997-99 coupes) for less than $20,000. So, basically (my opinion), if the car is really a great car, like the GTO is, it can hold up in value over time.

I think there are 2 reasons the GTO is selling a little slow. 1) the styling is a bit subdued / not distinctive if you were hoping for a retro-type look. It looks too much like a BMW/Grand Prix, but I still think the car is excellent! Two hood scoops and a bodystripe option will fix that problem for those people, I don't really care - 2) price at the dealership / treatment at the dealership. Especially this one! - $5,000 markup in my hometown - wouldn't consider ordering another GTO until showroom queen was sold - but you couldn't drive it, Nashville selling at MSRP today, someone else selling at $50 over invoice. Bottom line is it pays to shop around. If the dealer wants to keep a $35,000 trophy paperweight in his showroom - so be it. The guys who want to sell will sell at better prices AND every day closer to the arrival of the 2005 GTO, the better the deals are likely to get.

My two cents worth. Going to look at a Purple/purple 6 spd tomorrow - wish me luck!

Icantdrive55
07-13-2004, 12:21 PM
I can't believe that I actually had a dealer tell me that my 1995 Impala SS was worth $2,000.00 on a trade in for a new GTO he already priced me at MSRP + $250 + TTL. I am losing my mind with these guys. :zap:

But still looking for the right deal! :rolleyes:

1964GTO
07-13-2004, 01:51 PM
Originally posted by Icantdrive55@Jul 13 2004, 11:21 AM
I can't believe that I actually had a dealer tell me that my 1995 Impala SS was worth $2,000.00 on a trade in for a new GTO he already priced me at MSRP + $250 + TTL. I am losing my mind with these guys. :zap:

But still looking for the right deal! :rolleyes:
Your selection of old GTOs seems great. Did you actually own those. I have a 64 and 67 and 69 will be my next to classic GTOs. So are those dream cars or your ex rides.

DANSLS1
07-13-2004, 02:23 PM
Originally posted by 1964GTO@Jul 8 2004, 11:26 PM
Nobody pays sticker any more on a car. Unless it just came out. Know that the GTO has been out for a while they need to discount and do lease specials. Or else this car will fail.
Many people pay sticker. For example, every Saturn on the road somebody paid sticker for.
This car should have been priced at 36 or 37k and then what you are saying would make sense. This car is barely marked up over invoice and you'll find that GM is probably losing money on every one sold even if they get MSRP. Instead Pontiac priced it at a very fair and reasonable price instead of jacking it up like every other manufacturer does with every other car - and it's hurting it. Go figure.
Dan

1964GTO
07-13-2004, 03:31 PM
Originally posted by DANSLS1+Jul 13 2004, 01:23 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (DANSLS1 @ Jul 13 2004, 01:23 PM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-1964GTO@Jul 8 2004, 11:26 PM
Nobody pays sticker any more on a car. Unless it just came out. Know that the GTO has been out for a while they need to discount and do lease specials. Or else this car will fail.
Many people pay sticker. For example, every Saturn on the road somebody paid sticker for.
This car should have been priced at 36 or 37k and then what you are saying would make sense. This car is barely marked up over invoice and you'll find that GM is probably losing money on every one sold even if they get MSRP. Instead Pontiac priced it at a very fair and reasonable price instead of jacking it up like every other manufacturer does with every other car - and it's hurting it. Go figure.
Dan [/b][/quote]
Its not that the car is to pricey but the fact is many GM cars are also selling in the 30s and you can get them for cheaper. The GTOs novelty has worn off and know they need to start selling these bad boys. My local dealers realize this and smart buys are starting to know get better around here.

327
07-14-2004, 10:37 PM
:bs: the reason that the GTO looks like a grand prix is because ITS SUPPOSED TO!!!!!
in the 60s & 70s they both looked the similar

1964GTO
07-15-2004, 09:59 AM
Originally posted by 327@Jul 14 2004, 09:37 PM
:bs: the reason that the GTO looks like a grand prix is because ITS SUPPOSED TO!!!!!
in the 60s & 70s they both looked the similar
Thanks captain obvious. A quick way to always tell an old GTO from old Grand Prix is to check for hood scoops, if it has them its a GTO. Plus the GTOs are alot smaller than those huge Grand Prixs they used to build.

Icantdrive55
07-15-2004, 12:40 PM
[QUOTE]Your selection of old GTOs seems great. Did you actually own those. I have a 64 and 67 and 69 will be my next to classic GTOs. So are those dream cars or your ex rides.
I had them all (though never at the same time).

The 64 was owned originally by my aunt and uncle in KY. They gave it to me for my 14th birthday - it was in a barn at my grandpa's farm. I bought a 64 tempest 2 door for $800 that could be driven out of the junk yard and used it for all of the rear bodywork and the blue interior seats. The car was restored, nocturne blue with a white top blue interior. When I got it, it had 138,000 miles. Had the 389 w/ Carter AFB and 2 spd auto completely rebuilt and proceeded to outrun every Vette in Carrollton, GA. Sold it when I was 18. My insurance was $152 per year! Those were the days! Sold to a collector in SC.

1969 Judge was found in Canton, GA. Was supposed to be the second Judge delivered to GA after one at Boomershine in Atlanta. A salesman with the local Pontiac dealership had bought two. A RAIV to drive and a RAIII to bracket race (mine). I bought the car with holes in the front inner fenders that had been cut out to accept racing headers. When I restored it, I left the holes - thought they were cool. Had buildsheet, no Judge emblem inside, with 8track on the console. Rumor had it that Bobby Bates (the original owner) had wrapped the RAIV car around a power pole in Canton in the early seventies and that the car was in the junkyard at Ball Ground, GA. There ARE acres of cars there (and I did find a 1970 Pontiac RAIV intake manifold there), but there are also acres of snakes and kudzu... So I never went looking for the other GTO. Maybe someone will find it someday!

1967 was a one owner 400, auto, AC car that I did not completely finish. I sold it to a lady in Scottsville, KY who has finished it by now. It had been parked at a concrete plant for years and had thin layers of concrete all under it. The weight of the concrete made it look like a lowered car (but it was just the extra weight).

The one I wish I had is (of course) the 64. But the Judge was a great looking muscle car. The thing I don't get is all the comentary about old vs new. The 64 didn't start out as most beautiful GTO ever made. Don't most folks think the 65 was better looking? And then the 66-67? The same is also somewhat true with Vettes. And the more I see the 04, the less I really want all the scoops and junk. It really is pretty cool the way it is. Can it be improved? Yes. Am I disappointed with the 2004? Definitely not.

Really enjoy the forum. Still hoping for a purple m6!

:D

1964GTO
07-16-2004, 12:10 PM
I totally agree with what you said. When i first saw the new GTO i said "ewwwwwwwww". No hood scoops, the exhaust was ugly. The car has grown on me alot and now i want one. I still would have preffered hood scoops and duel exhaust out both sides but i could easily live without it. Your classic GTOs are awsome, if i could add to more to the collection it would be a 67 and 69. Of course the 64 is the best. You are correct, most GTO fans and experts say the 65 was the best looking and favorite GTO year. I have owned both a 64 and 65 and prefered the 64 so when i had to sell one i sold the 65. By the way Nocturn Blue is one of my fav 64 colors. Before i bought my car i almost bought a nocturn blue hardtop, tripower, 4 speed. I didnt buy it because it had a 65 block in it. I ended up spending alot more money than i wanted to and got a convertible.

327
07-16-2004, 09:06 PM
well icantdrive55 up there says there are 2 things wrong with the gto
1 it has dull styling :
2 IT LOOKS LIKE A GRAND PRIX
ITS SUPPOSED TO :jumpon:

silverstreek
07-16-2004, 11:39 PM
I just came home from Cruise Letter car show in Belair,Md and almost all the people came over to check out the new GTO.They were suprised to find they liked it.Most said it looks so much better in person.Many didn't know it had 350hp and room for 4.I let them inside,and cranked it up and they actually applauded.These were owners of 50,60,70s cars and rods.GM needs to do a better job of spreding the word.Many didn't believe it only cost $35,000 including tax etc.

Icantdrive55
07-17-2004, 05:59 PM
327: Not really sure of your point here. I haven't entered into the discussion with you and 1964GTO about scoops and Grand Prix's. I believe I said it (2004) was "pretty cool the way it is". I guess I should say I can take them (scoops) or leave them on the new model. Sorry I was confusing.

desertgoat
07-17-2004, 08:43 PM
It's funny. The people who want hood scoops the most are the ones who don't have an 04 GTO parked in their garage...

Got mine for 30K.

First time I fired up the engine and heard that burbly rumble at idle inside my closed garage, all thoughts about the hood scoops went away. I revved it up to 4-5K and I heard all 3 garage doors rattle. :D :D

The first time I turned off the Traction Control and barked the rears during the 1-2, 2-3, 3-4 shifts, it felt like I stole the **** thing at 30 grand.

Trust me. If you buy an 04 GTO and let 'er rip, you could care less about hood scoops. The first time you weave in and out effortlessly in traffic, passing every car out there with so much aplomb with 75% throttle left at your disposal, you'll forget about the hood scoops. The first time I dropped the hammer on 1st and felt the rear sway side to side and more axle hop than I can remember, then the rears grab traction and suddenly slingshot you to second, you'll say "Who needs hood scoops?".

Hood scoops? Who cares? Buy an 04 GTO and you'll agree with me.

But trust me, you'll wish the thing had an oil pressure gauge and a dead pedal. Waaaay more than stupid nonfunctional cosmetic hood scoops.


The feeling of superior power is UNDER the hood. It's called the Corvette engine. Not above it.

silverstreek
07-18-2004, 01:39 AM
Originally posted by Orbit Orange@Jul 7 2004, 01:42 PM
On the GM Media site today, GM announced a new round of incentives and the 2004 GTO is finally included although it is not much.

This goes in effect for vehicles delivered 7/7 through 8/2

0.9/1.9/2.9* *36/48/60* months

Pontiac* GTO

No cashback or rebates, just special financing. No 0% either but it's a start. Doesn't say if it will extend past August 2nd, but I bet it does.

Good news for us looking for a deal.

:)
In the Baltimore Sun 7/18/04 a local Pontiac dealer is offering $2,700 discount and 3.5% loan on 04 GTO's.He has 6 in stock.If their going to discount it should be retro active as far as I'm concerned.Even thou I love this car,I now feel cheated,so I guess I'll sell mine and leave Pontiac.Loss be damd!

1964GTO
07-18-2004, 09:36 AM
Originally posted by desertgoat@Jul 17 2004, 07:43 PM
It's funny. The people who want hood scoops the most are the ones who don't have an 04 GTO parked in their garage...

Got mine for 30K.

First time I fired up the engine and heard that burbly rumble at idle inside my closed garage, all thoughts about the hood scoops went away. I revved it up to 4-5K and I heard all 3 garage doors rattle. :D :D

The first time I turned off the Traction Control and barked the rears during the 1-2, 2-3, 3-4 shifts, it felt like I stole the **** thing at 30 grand.

Trust me. If you buy an 04 GTO and let 'er rip, you could care less about hood scoops. The first time you weave in and out effortlessly in traffic, passing every car out there with so much aplomb with 75% throttle left at your disposal, you'll forget about the hood scoops. The first time I dropped the hammer on 1st and felt the rear sway side to side and more axle hop than I can remember, then the rears grab traction and suddenly slingshot you to second, you'll say "Who needs hood scoops?".

Hood scoops? Who cares? Buy an 04 GTO and you'll agree with me.

But trust me, you'll wish the thing had an oil pressure gauge and a dead pedal. Waaaay more than stupid nonfunctional cosmetic hood scoops.


The feeling of superior power is UNDER the hood. It's called the Corvette engine. Not above it.
I have said that already. Once i get the 04 GTO im sure i wont care about the scoops. Id still like hood scoops but im getting used to it without it. As for dead pedal i wont care mutch. My Chrysler 01 town and country had no dead pedal and i was fine. The GTO being a stick will be even better. Im sure both feet will be busy.

lauderjp
07-18-2004, 05:25 PM
I'm glad GM has offered some incentives. The ordering process has been nothing less than a nightmare. My vehicle is suppose to be here this week. But I've heard that story before. You can't call the GM customer service and get any help with status either. Believe me I do look forward to the car, I wouldn't of waited since 4 March if I didn't. General Motors is in need of some process improvement when it comes to status on a vehicle ordered. :laughbounce: enough whining from me!

Gaijin
07-19-2004, 03:54 AM
The whole 2004 program pre-order had it's share of problems as well as the no incentives, dealer gouging, and what not....hjopefully the 2005's will not share the same fate.

tcb35771
08-02-2004, 11:30 PM
Originally posted by Icantdrive55@Jul 13 2004, 11:21 AM
I can't believe that I actually had a dealer tell me that my 1995 Impala SS was worth $2,000.00 on a trade in for a new GTO he already priced me at MSRP + $250 + TTL. I am losing my mind with these guys. :zap:

But still looking for the right deal! :rolleyes:
:D I can't believe that dealers around the country are gouging people like that on a GTO. I live in Flint Michigan and anyone who wants a GTO come here. They are giving them away. There are 4 Pontiac dealerships within 15 miles of me. They all have at least 10 to 15 GTO's per lot. They had an ad in the Sunday paper for a 36 month lease of $298 with $2000 down. Or you could buy it for $28,500 + tax. Go to GM Buypower and look up zip code 48507. You can look through the list of all the one's for sale here. The dealers here are really cool and they are dealing.

BRMike
08-03-2004, 08:04 AM
This is probably a dumb question, but I'll ask anyway.....

It looks like I'll have to wait until at least December to get a GTO. Do you think I'll have a problem finding a 2004?

Tails
08-03-2004, 01:45 PM
Originally posted by BRMike@Aug 3 2004, 12:04 PM
This is probably a dumb question, but I'll ask anyway.....

It looks like I'll have to wait until at least December to get a GTO. Do you think I'll have a problem finding a 2004?
December is the earliest date. More likely Jan-Feb. Some 04's are easier to find then others. Look around. Also the dealer sponsors can help I am sure.
:ph34r: :ph34r: