Can I upgrade to 2010 'Bu for free? - Chevy Malibu Forum: Chevrolet Malibu Forums
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post #1 of 16 (permalink) Old 01-05-2010, 01:00 PM Thread Starter
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Can I upgrade to 2010 'Bu for free?

I have a 2009 Malibu LS with 9,700 miles. Vehicle is in like new condition. (No pets/smoking/spills/crashes.)

GM just sent me an offer to "bump up" my GM card earnings from $180 to $2,000.

It got me thinking... can I get a free Malibu out of this?

Let's say I find a similar 2010 LS at a dealer. Let's say I offered him $2,000 and my Malibu for a brand new 2010. Do you think he'd take it? If he did, I would use the rebate to take care of the $2,000 and have a new car.

I'd even be willing to throw in $1,000 (ie, dealer will get my Malibu plus $3,000 -- $1,000 from me and $2,000 from GM card.)

Am I thinking crazy? Maybe they'd want $5,000 or $6,000 difference in which case I'd never do it. But that would mean my old 'Bu depreciated $.50 per mile which I doubt it has.

Why do this at all? Well, a brand new car has a new warranty, new onstar, new tires, etc etc. So I'd prefer a brand new one if the GM card is going to subsidize it.

Also keep in mind that I live in Washington state where sales tax is calculated only on the difference between purchase price and trade. In a state like CA where you pay tax on the whole thing this deal makes no sense at all.

Please let me know your thoughts!!

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post #2 of 16 (permalink) Old 01-05-2010, 01:52 PM
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Re: Can I upgrade to 2010 'Bu for free?

You need to look at what you owe/versus what there willing to give on trade.. Really only way to know. I got several trade in quotes from chevy dealers for my LTZ and couldnt get over 17K from any of them. I simply just walked out. They have discounted the malibus and red tagged and employee discounted them to death and now they are not worth anything.

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post #3 of 16 (permalink) Old 01-05-2010, 01:53 PM
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Re: Can I upgrade to 2010 'Bu for free?

If you could offset ALL of the interest you paid out over the last year on the 09 and you can offset both the taxes you initialy paid and the difference Tax for the new car I would say yes. If you can not do this stick with what you have, all you are doing is dragging your payments out further by trading at this point. Just think you have one less year to pay on the 09... Sorry, I seem to be getting more conservative in this area. Gone are days of me having a new car/truck every year.


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post #4 of 16 (permalink) Old 01-05-2010, 03:33 PM Thread Starter
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Re: Can I upgrade to 2010 'Bu for free?

Just to clarify -- I do not owe any money on my 2009. Title in hand.

Even so -- dragon and hopper make good points. My money *could be* doing other things rather than sitting in a depreciating asset.

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post #5 of 16 (permalink) Old 01-05-2010, 03:44 PM
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Re: Can I upgrade to 2010 'Bu for free?

Can't hurt to ask, but it SEEMS to good to be true.




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post #6 of 16 (permalink) Old 01-05-2010, 03:48 PM
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Re: Can I upgrade to 2010 'Bu for free?

Congrats on having title in hand... Should have mine in a couple months... All the more reason to stick with what you have.


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post #7 of 16 (permalink) Old 01-05-2010, 04:02 PM
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Re: Can I upgrade to 2010 'Bu for free?

Quote:
Originally Posted by Sandhopper View Post
Congrats on having title in hand... Should have mine in a couple months... All the more reason to stick with what you have.
Having a paid off car is great. Mine will be done in 9 months. Then I plan on adding another Vette to the garage to park next to the Camaro.




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post #8 of 16 (permalink) Old 01-05-2010, 04:18 PM Thread Starter
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Re: Can I upgrade to 2010 'Bu for free?

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Originally Posted by SilverLTZ View Post
Having a paid off car is great. Mine will be done in 9 months. Then I plan on adding another Vette to the garage to park next to the Camaro.
!!!!NICE!!!!

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post #9 of 16 (permalink) Old 01-05-2010, 04:20 PM Thread Starter
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Re: Can I upgrade to 2010 'Bu for free?

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Can't hurt to ask, but it SEEMS to good to be true.
I agree. DOes seem too good to be true. I have a feeling the dealer will say: new Malibu is $22k. your trade is worth $15k. So difference is $7k. Meaning depreciation is almost a dollar a mile on my 2009...

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post #10 of 16 (permalink) Old 01-05-2010, 04:49 PM
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Re: Can I upgrade to 2010 'Bu for free?

If you have title in hand.. No way I would trade just keep it... I wish mine was paid for hehe

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