Should You Buy A GM Car?
So, General Motors is bankrupt, and the "GM" brand now essentially stands for "Government Motors," since the restructured company will largely be owned by the U.S. and Canadian governments. But what you really want to know is whether you should consider buying one of those cars your tax dollars are building. Consumer Reports has an FAQ on the subject, along with this quick video from the company's head of auto testing. Tweetable version: There are great deals, but get a decent car. CR likes the Malibu and CTS. Be prepared for inconveniences, like local dealers closing shop.
What does the GM bankruptcy mean to you? [Consumer Reports]
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Comments:
When buying from Government Motors, the Cadillac drives you!
@HiPwr: Yes, because whatever GM was currently producing before government intervention sure was selling well enough to keep them out of bankruptcy, right? What about the EV1? The public wanted that and it was killed due to a lack of vision by management.
I have already owned all of the GM vehicles I will ever own.
I like how he starts off with, "The Cadillac, the big SUVs...", and then goes on to list basically every model GM produces.
It was a good time, to be sure.
@goodcow: Spot on. And it would take monumental incompetence to live down to General Motors' cars.
I am kinda hopeful, because Obama was pusing the car cos to come out with decent Hybrids and greener cars in general. If he does not back down from that stance and uses GM to that effect, then we should see some decent cars coming out. And that might just push other manufacturers to follow suit.
Well, a man can dream...
@goodcow: I think it is unlikely that a government-run version of GM is going to be any better. The Federal Government hasn't had anything like "vision" since the Apollo Program. And it is going to even worse with an injection of politics into the mix.
@HiPwr: So what you are saying is we need a big bad for our government to do anything productive?
Because you do realize the ONLY reason we went to the moon is because the Russians wanted to do it first.
No you shouldn't. I bought a 2007 Impala GM Certified with only 35k miles on it in September. It was so bad that we just last week traded it on a new Accord. The list of things wrong with it was enormous. Oh, and FYI, a powertrain warranty is next to worthless.
They should just go ahead and rename it "Twentieth Century Motor Company"
Nope.
Won't be buying a GM or any other brand for a long long time, if ever. I bought a brand new Dodge Ram 1500 in early 2005, (I know, I know... mpg is teh sux0rz, but I needed something large for hauling big stuff because I don't know anyone personally with big trucks that I can leech off of every time I need to buy something bigger than the backseat area of a fricken Prius)... and to date has 9000 miles on it. It's paid off in full, and I expect at my current mileage rate, should last me easily 25 - 30 more years or until the oil runs out or until I'm dead. Maybe by then we'll have those flying cars that run on magic and tofu.
Even though it cost a fortune to fill up with gas, I'm not complaining much because I fill up once every two months, whether I need it or not.
@Jim Topoleski: your last name is frighteningly similar to mine. maybe yours is the polish version of my slovak last name.
that's all, i really have nothing to add to this conversation :D
I wonder if that nice CR guy in the internets would buy a GM car?
Well I'm pretty sure I'm staying away from GM in the near future. My mothers Malibu and my Colorado have been less than spectacular in build quality. We've BOTH had early brake issues and steering column defects. I've also had numerous sensor failures and body noise issues that have been difficult to locate.
Thanks but no thanks GM.
Bailing out GM in October was a bad idea, the imminent government takeover is an awful one. I wish I could see this ending well, but there is no reason to believe there will be a happy ending to this story.
If I had the need/space/money for a new car, it would probably wind up being something like a Ford Fiesta. Sadly, the one GM product that I would want isn't even sold in the US.
Wouldn't really have considered buying a GM car before now, and this definitely won't change my mind. If anything it'll push me even further away, if only to avoid lending any sort of support to the idea that government intervention like this is a good thing.
@ezmobee: Honda makes great cars.
I drive a '96 Civic, and it has about 186,000 miles on it. Runs great. And it was made in America.
My last car was a '90 Accord, which had well over 230,000 on it.
@HiPwr: Better trolls, please.
Maybe if GM had been selling what we all wanted to buy, they wouldn't have gone tits up.
Oh, and we just elected that "wise governing class." They're doing what we hired them to do.
@MooseOfReason: I drive a '97 civic. It's the best car I've ever owned, absolutely trouble-free. I wouldn't be surprised if I ended up passing it on to my son when he gets his permit (he's in kindergarten).
@HiPwr: You mean, while the shots are still being called by the wise executives at GM? Because clearly they're geniuses.
To all those who say: "No, I won't support Government Motors" -- Just remember, they don't need your support via purchases, they already have your support via taxes. And they government knows that you're all sheep and you'll just let it happen. Welcome to the new world order, comrades!
Beware of those offers to do things like cover your car payments if you become unemployed. Your debt will be to the finance company which is not a party agreeing to cover those payments. If you do become unemployed, a car maker in bankruptcy won't (and can't) pay you anything. You'll still owe the finance company. That whole program is a sham in the case of any car manufacturer at even the slightest risk of bankruptcy. This isn't something the government is covering for, either.
I've been reading anecdotal reports that Pontiac G8s are flying off dealer lots as people take advantage of incentives (financing/cash back). You really won't find a big deal on those since they're desirable cars.
In addition, the other power car, the CTS-V, has no incentives attached to it. Then again, it's probably the best, most powerful sedan out there and easily the best car made in the U.S. Plus, as laid out in the GM Government Restructuring Plan, the engineering teams in the performance division are disbanded and will work on other projects until further notice. =(
I think one of these comes with each McDonalds happy meal now. And maybe for just a few box-tops from your favorite breakfast cereals.
@Skaperen: Was that targeted at GM? Because Ford does that, and so does Kia. I think most Car companies are offering that as a service to try to convince customers to buy from the with "piece of mind".
@HurtsSoGood: You mean you elected them to run up federal deficits that our great, great grandchildren will have to pay? I didn't elect them to do that, but I'm certainly not surprised by it.
@takes_so_little: You want to see genius at work, wait until the executives are unelected bureaucrats and politicians motivated not by profit, but by special interest groups and political pay-back.
anybody want to buy my GM car? Only needs about $500 in repairs EVERY YEAR because of the same fecking problem. EVERY. YEAR.
Good riddance.
I hope they keep the Pontiac G8 and re-badge it as a Chevy. Part of GM's problem is that they don't make any interesting cars. They either make boring SUV's or boring sedans. Nothing in between.
But I'm not holding my breath here. With the bankruptcy and restructuring, I think they're just going to start producing a bunch of ugly and boring crossover vehicles. And maybe re-badge another Daewoo car, probably a sedan to compete with the Civic and Altima.
@HurtsSoGood: BTW, you disagree with me on this so YOU must be the troll. Pretty childish thinking, isn't it?
I dunno about buying one, but I'd gladly take my tax return in the form of a 2010 Camaro, if you don't mind. Oh, and make it midnight black, please.
I'd rather invest in good American made bicycle than a GM car.
@LatherRinseRepeat: The Corvette is a pretty interesting car, in fact the ZR-1 is probably one of the best cars GM has ever made.
I would be willing to pay $1000 for the right to use the name General Motors.
I will make my offer and see how badly they need the money.
Hehe.. Yes, I like the Vette too. But I was mainly referring to mainstream cars. I doubt a family of 4 would choose a Vette over a G8 for their main car. ;-)
@BZMedia:
If you fill it up and hold it for a year you may profit on the gas when the price goes up.
Sort of like a local commodity futures exchange.
@takes_so_little: @MooseOfReason: Beat you all. 88 Honda Civic hatchback, 250K and no defects. Finally died last year. RIP.
@LatherRinseRepeat: Ah. Gotcha ;) Although, to be honest, if it meant having a ZR-1, I'd toss my wife in the passenger seat and let my kids hitchhike everywhere. Don't get me wrong, I mean, I love them and everything, but we're talking about the fastest Corvette EVER.
If there was no compelling reason to buy an inferior product in the past, why would a bankruptcy filing by the company which makes that shoddy product have any positive bearing on a new purchasing decision?
It might be that a new, leaner company produces a better product, but there's no reason whatsoever to buy now what wasn't worth buying before.
@YourTechSupport: Just out of curiosity (and I'm being sincere, here) what bicycle companies are based in the US now? I want to say Trek, but I might be wrong. Anyone help me out here?
@goodcow:
GM current line-up is nothing to fawn over... But to sit here and actually think the government can build a better car is just ridiculous.
How can a bloated, unreliable GM compete with the bloated, unreliable government calling the shots?
I like the new Camaro. If it is priced right, I see it selling like the Mustang (they are all over the place). However, it is a big American muscle car-looking thing that may be seen as a symbol of capitalistic indulgence which may be its demise in our new eco-friendly, politically correct, nanny-state world.
@HiPwr: 'The wise governing class have determined...'? Please. I didn't exactly notice the CEO's of these companies exactly resisting government intervention a few months back whilst sitting in front of congress and begging for cash infusions for the second and third times...
The free marketeers beg for the government to save their ass, and now the government's the problem? I'm so confused.
@Skaperen:
Which makes me wonder, will auto loans be more like student loans? You can't discharge student loans in bankruptcy... so if you buy a new Government Motors Whatever and find yourself facing bankruptcy, will you still have to pay for your car?
@lightaugust: You seem to think that GM couldn't be run any worse than it is now. Well, it can (Amtrak). The difference being that GM shareholders aren't going to be the only ones losing money; GM will become a black hole that Congress throws taxpayer money down.
@lightaugust: Also - let me clear up some of your confusion. "Free marketeers" were calling for the government to let GM go down in flames without federal assistance.
@HiPwr: It has nothing to do with how well it could or couldn't be run, or how well it might or might not do. Since your assumption here is that the US government, which can run the military, couldn't run any sort of business.
It's the same with any of these bailouts... you can't come to screaming for money and then complain that the government meddles in everything. The latest round of whining has been to get the government out of all this, as if it were those stupid, meddling bureaucrats who came in and crammed all that money down their throats.
On the plus side, looks like Romney has a vote in 2012.
@lightaugust: If your example of the government running a business is the U.S. armed forces, you may be a bit confused on the military's mission. I don't have the space or the patience to explain to you the difference between the United States Navy and General Motors.
I'm not sure who was "screaming for money", but it sure wasn't anyone that held true to the concepts of capitalism and the free markets. And I place George Bush at the top of the list of sell-outs.
Right now may be the last chance to buy a car that you want from GM before they start producing cars that the wise governing class have determined are best for you.