2009 canadian pricing
07-09-2008, 06:49 PM
#2
Senior Member
Join Date: 06-27-2006
Location: Kingsville On
Posts: 732
GM is going to raise prices a $1,000 for 2009 http://blogs.cars.com/kickingtires/2...s-it-will.html
So if anything in Canada the prices my stay the same.But they are not going to make them lower all the people that bought new cars in the last few years would FLIP OUT on GM.What would you do if you spent $25,000 on a 08 and you could buy a 09 for $5,000 less.Your 08 would be worth $10,000 less in 3 months from now.
I think the only way the can close the gap is when they start releasing totally new models.
So if anything in Canada the prices my stay the same.But they are not going to make them lower all the people that bought new cars in the last few years would FLIP OUT on GM.What would you do if you spent $25,000 on a 08 and you could buy a 09 for $5,000 less.Your 08 would be worth $10,000 less in 3 months from now.
I think the only way the can close the gap is when they start releasing totally new models.
07-09-2008, 07:19 PM
#3
Senior Member
Join Date: 04-19-2008
Location: Ontario Cdn
Posts: 563
I looked at both and the delta was almost $10k. On a $30k (Cdn) car that is insane. Foutunately I was eligible (family member) for employee pricing which helped to narrow that gap. I was hesitant to pursue this further (buying in the US) as Canada has strick guidelines on importanting vehicles (done this before) and while most are compliant thought the timing for them to approve the newly released SS Panel might impact my ability to quickly bring it accross the border. A preview (before purchase) of existing models is available if anyone wanted to go this route.
08-27-2008, 09:08 PM
#6
Senior Member
Join Date: 06-20-2008
Location: London Ontario Canada
Posts: 217
Pretty good discount.....I have a family connection and saved $3200 off MSRP.....so $2200 is pretty decent. By the time you add $1500 GM Points and 0% over 72 mos it works out to be a better buy then almost anything, even with the 60 month 27% residual (resale) value
08-27-2008, 11:10 PM
#7
Senior Member
Join Date: 06-23-2007
Location: British Columbia, Canada
Posts: 419
Hi, I’m sorry I’m old and having a senior moment and I don’t understand what you mean about the 27 % residual. Is that if you leased? I know that my black book price after a year of purchase is atrociously low.
08-28-2008, 06:55 PM
#9
Senior Member
Join Date: 06-20-2008
Location: London Ontario Canada
Posts: 217
The residual is a lease value....but also a clear indicator for resale value. For example an 08 Civic SI has a 60 mos residual value of about 36% as does an 08 VW GTI. An 08 WRX has a 60 mos residual of 40% and a Mini Cooper is the highest at 43%. On the other end an 08 Jaguar X-Type has a value of 23% (one of the lowest). Basically at the 60 mos mark, that percentage value is what your car is now worth based on the original MSRP. So by the time you take into account rebates, financing rates and this resale, you can easily calculate whatever vehicles you are comparing and how much they will cost you relative to one another should you buy it and sell it 5 yrs (60mos) later. If GM didn't offer rebates and/or 0% over 72 mos.......it would be tough to choose them, simply on resale alone. If you are paying cash for a vehicle and only want the car that will give you the best resale then a Mini is the way to go (if you like them). But when you factor in no rebates on the Mini and finance rates as high as 8% over 60 mos (like Toyotas) then you need to grab the calculator.
Phew......sorry for the long winded answer.
Phew......sorry for the long winded answer.
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