I've been toying with the GMAC payment estimator on gmbuypower.com and I realized I may be assuming something that is not applicable. If you do a SmartBuy on a 04 GTO, do you still get the bonus GMAC incentive? Technically, you are financing through GMAC, but it is not traditional financing. What kind of factory incentive is applicable when choosing SmartBuy? Thanks.

You could ask/PM 1964_GTO he did a smart buy, im sure he could tell you what kind of deals he got.

Yes the rebates do apply to the Smartbuy. So you would get a $3500 rebate. Let me know if I can help.

Thanks. Local dealer is advertising $7,000 off msrp on new GTO's. Along with my $1,365 GM Card incentive, I think I can get $250 a month for 24 month SmartBuy without too much trouble (depending on trade value for my current car). My concern about GTO all along is the massive depreciation hit I would be taking; the SmartBuy would protect me from this if I want to get out of the car in a few years. On the other hand, if I want to keep the car, the cost will be higher than if I financed traditionally.

Local dealer just told me point blank: no rebates of any kind with SmartBuy. Queered the deal and I walked. We had agreed on price and trade value; I can't imagine he would let a sure sale walk out the door if he wasn't sure. Either they take the rebates away on SmartBuy, or they are lying(?)

Unfortunately your dealer is mistaken. I have looked all around the country and everything is the same with every dealer. You get the rebates and any financing whether it be a conventional finance or a SMARTBUY!!!

Originally posted by routesixtysixer@Sep 20 2004, 04:44 PM
Local dealer just told me point blank: no rebates of any kind with SmartBuy. Queered the deal and I walked. We had agreed on price and trade value; I can't imagine he would let a sure sale walk out the door if he wasn't sure. Either they take the rebates away on SmartBuy, or they are lying(?)
Not lying, just confussed. There are no rebates with SmartBuy. But you will qualify for the $3,500 GMAC Bonus for financing with GMAC.

If you don't mind a dealer not on the top of their game (since you seam happy with the price and trade otherwise), have them check. I have read that the dealers can list a vin on a GM web site and it will list all the rebates that are available and compatible. Have them do this for you SmartBuy GTO, and they will see that they are available. After all SmartBuy is financing through GMAC, which is what the bonus is for.

I just spoke with a GMAC rep. She said the SmartBuy is not a purchase at all, but a lease. Since you are not purchasing the car, you don't get the $3,500 rebate. Seems a little ridiculous to me to offer both a SmartBuy and a SmartLease if they are both a LEASE! I thought that the SmartBuy was simply a balloon note finance; she said, no, it is a lease, but the vehicle is registered in your name instead of GMAC. How the heck can a leased vehicle be registered in a name other than the lease company? This makes no sense whatsoever.

Now the sales manager calls me back and says, yes, I can get the $3,500 and the GM Card money on the deal.... Of course, this is the same dealer that, about 5 years ago, talked me into schleping down there again ("We can do the deal you wanted after all!") only to tell me there was no way they could do the deal I needed (!) That was the Chevy place and this is the Pontiac place... hopefully they won't make me drive all the way back down there (30 mile round trip) only to piss me off again. Color me pesimistic.

Originally posted by routesixtysixer@Sep 20 2004, 05:10 PM
I just spoke with a GMAC rep. She said the SmartBuy is not a purchase at all, but a lease. Since you are not purchasing the car, you don't get the $3,500 rebate. Seems a little ridiculous to me to offer both a SmartBuy and a SmartLease if they are both a LEASE! I thought that the SmartBuy was simply a balloon note finance; she said, no, it is a lease, but the vehicle is registered in your name instead of GMAC. How the heck can a leased vehicle be registered in a name other than the lease company? This makes no sense whatsoever.
1) Hope you got the GMAC reps name so you can call back and get her fired. A SmartLease is a lease, a SmartBuy is a buy. Why she couldn't figure that out I can't guess.

2) Either way you get the $3,500 GMAC bonus because you are financing or leasing with GMAC

So are you going to get the car. You need to tell that dealer to get on the ball and get his information correct.

I'm not sure now. I've gotten so many different stories that I don't trust anyone on anything (at least not completely). I've got until Sept. 30 before the bonus $1,000 GM Card incentive runs out, so I may give it a week; maybe stick my car in the classifieds this weekend and see if I get any bites. Dealer says he will do 4% SmartBuy, 36-months for about $300 a month with no money out of my pocket (except tag and tax, of course). I'd rather do a 24-month, but he says that raises the monthly $100... I've run the numbers, and using his values (62% residual, 4%, 24 months, $33,495 MSRP, $25,330 Net) I get $296.15. With a 53% residual on 36-months (all else the same), I get $309.58. That's the trouble with this stuff, I've not yet matched (even ballpark) any of the numbers I've gotten from three different sources. Who to believe?

Originally posted by routesixtysixer@Sep 21 2004, 10:49 AM
Dealer says he will do 4% SmartBuy, 36-months for about $300 a month

I'd rather do a 24-month, but he says that raises the monthly $100...

With a 53% residual on 36-months (all else the same), I get $309.58.

That's the trouble with this stuff, I've not yet matched (even ballpark) any of the numbers I've gotten
I would think $300 and $309 are in the same ballpark. So you and the dealer appear to be in agreement for 36 months.

If you change the term to 24 BUT forget to change the residual, you would get a payment around $100 higher.

Keep on them, you will get it right.

Well, I drove a Black/Black GTO home tonight. Finally got everything straight; he was adding in $400 gap insurance and 23 payments. I was figuring 24 payments. Wound up with $295/month for 24 months with no money out of pocket (except tag and tax).

I didn't want to start a whole new thread, so I'll ask a question here. Is there any word on what will happen with the current incentive after the current $3500 rebate expires on September 30th?

Originally posted by routesixtysixer@Sep 23 2004, 07:40 PM
Well, I drove a Black/Black GTO home tonight. Finally got everything straight; he was adding in $400 gap insurance and 23 payments. I was figuring 24 payments. Wound up with $295/month for 24 months with no money out of pocket (except tag and tax).
A 24 month Smartbuy is 23 payments then the balloon amount due for the 24th payment.

Originally posted by BRMike@Sep 24 2004, 11:28 AM
I didn't want to start a whole new thread, so I'll ask a question here. Is there any word on what will happen with the current incentive after the current $3500 rebate expires on September 30th?
Nobody can tell what will happen to the rebate, my gut says that it will stay till the 2004s are gone.

[COLOR=red][SIZE=7][FONT=Geneva] :o Is ANYONE out there as confused as I am about GM's Incentives???? At gmbuypower.com the listing for the gto makes it look like you can take gmac financing and get $3500.00 back, or take financing elsewhere and get a cash allowance of $3500.00. Check out the way they list their columns, it says , gmac bonus OR cash allowance. However I have just talked to 3 different reps there and they have said that if you do not finance with GMAC you get no rebate. NADA. NOTHING. ZIP. Is that underhanded or what? They get you to the dealer believing there is $3500.00 off, then the dealer tells you otherwise! Thats what happened to ME! Today! All ready to buy Cosmos Purple. I just do not want to finance with gmac. Soooo, no car for me today. I am very upset with buypower. com website. :angry:

:hysterical: :hysterical: :hysterical: :hysterical: :hysterical:


Maybe, I should buy the new mustang? :jumpon:

IM pretty sure the 3500 is with GMAC I believe....although I could be wrong.

Originally posted by pontiacgrl@Nov 6 2004, 09:23 PM
[COLOR=red][SIZE=7][FONT=Geneva] :o Is ANYONE out there as confused as I am about GM's Incentives???? At gmbuypower.com the listing for the gto makes it look like you can take gmac financing and get $3500.00 back, or take financing elsewhere and get a cash allowance of $3500.00. Check out the way they list their columns, it says , gmac bonus OR cash allowance. However I have just talked to 3 different reps there and they have said that if you do not finance with GMAC you get no rebate. NADA. NOTHING. ZIP. Is that underhanded or what? They get you to the dealer believing there is $3500.00 off, then the dealer tells you otherwise! Thats what happened to ME! Today! All ready to buy Cosmos Purple. I just do not want to finance with gmac. Soooo, no car for me today. I am very upset with buypower. com website.

Maybe, I should buy the new mustang?
What section of Buypower were you looking in? No where could I see a section that said "GMAC Bonus or Cash Allowance" as you post. I checked the "Current Incentives Section", and it shows the choice of A) the low rate and the GMAC bonus of $3,500 or B) Total Cash Allowances of $3,500. It is the same listing you get through the GM regular site. If this was the section, how is this confusing? The column in the left section is listed as the GMAC bonus. The footnote says must finance through GMAC. The right total column says it includes the GMAC bonus. How would you have written the chart?