Originally Posted by Yachtzee
Thanks for the advice everyone. Very helpful! I've used the "I need some time to think it over" trick before, and that is usually good for some flexibility on the price. And I told my wife to make sure we say NOTHING about the money we have coming on the GM card before we have an agreed upon price. (The brochure from the bank/GM themselves says to get the price set before discussing the rewards points). I checked out Consumer Reports too. I never realized how much car dealers get in factory-to-dealer incentives and other deals. Has anyone purchased that "New car buyer's kit" they offer? It looks pretty interesting at $40.
Here's a question...I've heard it suggested that one should gather some quotes from online car websites, print them out, stash them in a folder and take the folder with you to the dealership. Does it really help to be so brazen about that kind of thing, or does it really tick them off? Then again, do I really want to buy a car from someone who would be ticked off by that? I think I answered my own question.
As far as GM goes, I've heard that Buick and Pontiac are possible facing the chopping block. I'm wondering if that's a possible sign for possible good deals, or a sign from the market that there is something wrong with Buicks and Pontiacs. I've never been a fan of Buicks, just because the ride is a bit too "soft" for me, but the Rendevous might be interesting. On the other hand, my first car was a 1980 Pontiac Grand Prix, which I loved, so I have kind of a soft spot for them. However, I've heard that their quality hasn't been great in the past.
Thanks again for the advice. It's great!
The "buzz" I get from reading on the auto industry is that either Buick or Pontiac will be gone soon. GM apparently is in big trouble because of pension and health care debts. They're trying to cut costs everywhere and this was one of the things they are considering. You might want to consider that when choosing what you buy. I bought an Oldsmobile Intrigue in 2000. When Olds folded, the resale value of my Intrigue dropped nearly $5,000. When it bit the dust in 2003, I was faced with that much reverse equity in it.
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