Floor Continues to Fall On Used Pontiac G8 Prices
Just a few weeks ago I wrote about the Pontiac G8, one of my favorite cars, and how the prices for lightly used examples are getting rather low. Back in November, a V6 model with around 10,000 miles was $20,000. Cars with the big V8 were landing around $24,000. Now they’re even cheaper. The V8 models have hit the $20,000 mark on several have been offered below it. A Cuyahoga Falls, OH Pontiac dealer offered a 12,000 mile car for $19,994 (didn’t sell). That same dealer was, however, able to move a 361 hp G8 GT with 11,000 miles for $18,994. AutoTrader, too, is jam packed with 8-cylinder Pontiac G8s for just under $20,000 and some even have under 10,000 miles on the clock. If you are willing to get the V6 version with some 260 horsepower (though with the V8s so cheap, I’m not sure it makes sense even now), a Houston reseller was offering a 10,500 mile G8 V6 for a hair under $16,000. If the G8 is your cup of tea (and I realize that for many folks it’s not), these are stonking good deals. The question is where they will bottom out. Assuming the warranties stay intact (whether GM stays around or the government does an FDIC-style arrangement), I would think about $16,000-$17,000 is the absolute lowest a low-mileage 8-cylinder G8 could cost. That would be 50% of the original MSRP, but it remains to be seen.
Immensely bored law student. I've also got 3 dogs.
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I guarantee the G8 haters here have not taken the time to drive one. Say what you will about the Grand Prix and Torrent....but the G8 GT is a fantastic automobile.
Yuck!! Then again, I didn't care for it as a Holden, either (during my time in aussieland).
You might want to hurry to get one of these cars from Pontiac. After the dust clears from all this 'bail or not to bail' problem, Pontiac will be a 'niche' car for GM, meaning they will offer possibly one to three vehicles to the public and more than likely it will be one.