GM offers $4,000 in incentives

[cwerdna]

GM offers $4,000 in incentives
Report: GM ups incentives to $4,000 on some slow-moving models

"The rebates, which started Tuesday and run to May 21, are a combination of existing offers and dealer and cash inducements for current GM owners for models such as the Chevrolet Tahoe sport utility vehicle and GMC Sierra large pickup, spokesman John McDonald said."

Sigh... I guess they gotta move them w/the high gas prices.

[TonyPSchaefer]

Official Chevrolet Site | 2008 Cars, SUV's, and Trucks | Chevy lists the Tahoe at 14 city/20 highway so I averaged at 16MPG.

12,000 miles at 16 MPG requires 750 gallons costing $3.50 each resulting in an annual fuel cost of $2,625.

So you'll end up paying that incentive back within two years.

[morpheusx]

Originally Posted by TonyPSchaefer

Official Chevrolet Site | 2008 Cars, SUV's, and Trucks | Chevy lists the Tahoe at 14 city/20 highway so I averaged at 16MPG.

12,000 miles at 16 MPG requires 750 gallons costing $3.50 each resulting in an annual fuel cost of $2,625.

So you'll end up paying that incentive back within two years.

Most people will never factor in the bigger picture. The GM loyalist may even say that gas will probably go back down 50 % in the next year to under $2.

[hill]

Right!
and on that day, they'll unfreeze President Kenedy & Walt Disney

[Prius 07]

Originally Posted by cwerdna

GM offers $4,000 in incentives
Report: GM ups incentives to $4,000 on some slow-moving models

I might be convinced to take it off their hands if they paid me $4K, but then I have to resell it very fast.

[PriusSport]

Anybody in line for a new car, watch for a break in the oil price bubble, which may happen soon. I saw a couple of oil analysts on the Lehrer report tonite (one, an oil company lobbyist), who admitted the current futures price is maybe 50% too high due to speculation, and could come down to $90-95 soon--where it should be--they said.

That will make a lot of those new car incentives look good. You figure this has to happen, since the car companies can't survive with $140 oil.

[KayakerNC]

It ain't just GM throwing money on the hood.


Toyota Sequoia $6,000
$4,000 customer cash, which cannot be combined with promotional financing offer of 0% for up to 60 months. Good through June 30. Current Toyota owners are eligible for an extra $2,000 in loyalty cash. All offers good through June 30.
Car-Makers-Lavish-Incentives-on-SUV-and-Truck-Buyers: Personal Finance News from Yahoo! Finance

[JimN]

Originally Posted by PriusSport

Anybody in line for a new car, watch for a break in the oil price bubble, which may happen soon. I saw a couple of oil analysts on the Lehrer report tonite (one, an oil company lobbyist), who admitted the current futures price is maybe 50% too high due to speculation, and could come down to $90-95 soon--where it should be--they said.

That will make a lot of those new car incentives look good. You figure this has to happen, since the car companies can't survive with $140 oil.

IMO typical short term thinking. Oil will be $140/bbl someday so sooner or later an attitude adjustment will occur. The later it happens the worse it will be.

If the current price is due to a speculative bubble then some will take a loss. When that happens the speculators' identity will surprise many.

[DaveinOlyWA]

Originally Posted by TonyPSchaefer

Official Chevrolet Site | 2008 Cars, SUV's, and Trucks | Chevy lists the Tahoe at 14 city/20 highway so I averaged at 16MPG.

12,000 miles at 16 MPG requires 750 gallons costing $3.50 each resulting in an annual fuel cost of $2,625.

So you'll end up paying that incentive back within two years.

hehehe... well, Tony, im sure when you wrote that post you had not intended to use a "bargain" gas price....my oh my what difference two months makes...

[daniel]

Originally Posted by PriusSport

Anybody in line for a new car, watch for a break in the oil price bubble, which may happen soon. I saw a couple of oil analysts on the Lehrer report tonite (one, an oil company lobbyist), who admitted the current futures price is maybe 50% too high due to speculation, and could come down to $90-95 soon--where it should be--they said.

That will make a lot of those new car incentives look good. You figure this has to happen, since the car companies can't survive with $140 oil.

So, you're saying that the price of oil has to come down because car companies can't survive the high prices? That rather assumes that the car companies can affect the price of oil. But the other possibility is that the car companies who refuse to change their lineup will go bankrupt. And companies that change, as well as new companies, like maybe Tesla and even Zap, will move into the mainstream.