If You Can’t Get a 4-Cylinder GM CUV, Get Big Discount Instead
Dealers are offering $1,000 off V6 versions of the Chevrolet Equinox and GMC Terrain.
Another sign of how fuel-efficient vehicles are flying off dealer lots in the face of almost $5-per-gallon gas: General Motors is offering discounts of $1,000 on the V6 versions of the Chevrolet Equinox and the GMC Terrain because it can’t make enough of the crossovers equipped with 4-cylinder engines fast enough. And if you really want one of the sister CUVs with the 2.4-liter 4-banger, you may have to wait, since the company isn’t able to confirm when supply may improve.
The 4-cylinder is standard on all trims levels of the Equinox and the Terrain, while the V6 is offered as a $1,500 option. With the $1,000 discount, that’s like getting the larger engine -- and the 82 extra horsepower that comes with it -- for $500. But then you'll also need to factor in fuel costs. And whether you actually need that extra power.
EPA ratings for the 4-cylinder models are 22 mpg city/32 mpg highway, compared with the 6-cylinder’s 17/24 rating. That means that annually you’ll pay an extra $650 at the pump, according to EPA estimates.
So the decision comes down to whether you're willing to trade miles per gallon down the road for the hefty discount now. And maybe how big a boat you need to tow this summer.
[Source: Autoblog]
Txmx,
Is it with one of the bail out banks like Butt May? Was it a fixed?
Even my house rate is lower but it is not with one of them.
Frosty,
What about all the tax money going tward Toyota, Honda, Mitsu, and such to build here in the US but Ford, GM, and Chrysler when they helped grow this country?
Who built the tanks, planes, and jeeps to help liberate the world from JAPAN and GERMANY during ww2? Was it the Japs, the Chineese, or the Germans? HELL NO!! It was Ford, Chrysler, and GM.
First of all, I don't hate anyone or any particular company so please don't make assumptions about things you know nothing about. Hate is a strong word and a strong emotion that I am grateful does not exist in me, and I pity the people that do have it inside of them. I may not LIKE a lot of things or people but I HATE nothing.
Can you show me the proof of these 22,000 American jobs, compared to 5,000 foreign jobs? I have not heard of any GM growth other than adding a night shift to one plant and possibly building another, for the Cruse was it???
Secondly, I have seen no new GM dealerships in Colorado but have seen several close, including the one in my town, so I have no proof of that claim either. So if you would care to prove your statements about GM's massive American growth, I would like to read about it. I will not stoop to saying you are ignorant or a liar because I am not that kind of a person.
I will write it one more time for you.......GM would not exist if it wasn't for the American taxpayer because they were lousy at managing their funds. It is inexcusable for them to be in the process of creating foreign jobs in China ( a lot more than a few thousand by the way) when they have not paid us back yet. Once they have settled their debt here, I could care less what they do, although I still would not purchase their substandard products. Been there, done that.
Lastly, I don't need to demonstrate anything to you, or anyone else. I am not concerned with someone's opinion of me that doesn't even know me. It really doesn't mean a thing.
Thanks in advance for the info.
How many American jobs has GM created since we bailed them out? I have only heard of a few hundred. Now, how many foreign jobs has GM created since we bailed them out? THAT is my point. MANY more foreign jobs than American.
Your hatred toward American companies has you just making things up. Like I said before, your level of ignorance is astonishing. Since the beginning of 2010, GM has created over 22,000 hourly and salaried jobs here via a multi-billion dollar investment in its U.S. plants. That doesn't count the investments made with partners/joint ventures that created U.S. jobs, nor does it include any jobs by increasing the size of the dealer network. By contrast, fewer than 5,000 jobs have been created outside the U.S.
By the way, I have been to China several times so I doubt you know more about that country than I do.
Really? Well you certainly haven't demonstrated that here.
All I am saying is that GM should have, and could have, built that new plant here and done a lot of good for OUR country instead of China's, and they chose not to. Regardless of what you may think of GM, that was a slap in the face to the US taxpayers after we kept them from going under.
@A9,
How many American jobs has GM created since we bailed them out? I have only heard of a few hundred. Now, how many foreign jobs has GM created since we bailed them out? THAT is my point. MANY more foreign jobs than American.
By the way, I have been to China several times so I doubt you know more about that country than I do. Their government has stated that the auto boom there is over, it has already peaked, and that GM and Ford are likely wasting their money by building there now. Of course GM and Ford's poor track record at decision making is the reason they are struggling financially anyway.
Gee, you mean Ford, GM and Chrysler employ more Americans than foreign auto manufacturers? That certainly is a new tid bit of information..............thanks.
Second, as a global company, it usually makes financial sense to build factories close to or within the markets to be served, the same reason the foreign transplants want to build here in the U.S., one of their largest markets. GM and all the other major manufacturers have made investments in China not only for that reason, but because the Chinese government won't give them access to the automobile market (among others) if they don't employ Chinese citizens and partner with a Chinese company. GM has no choice but to invest in plants there if they want access to the 1.5 billion Chinese consumers. It's that simple. So what would you suggest GM do? Just not participate in the Chinese market because misinformed people like you will unjustly criticize them for it? Please.
TXMX-5EE, the banking bailout itself isn't having a major impact on interest rates. It's the policies of the Federal Reserve, which include lending money to the banks at near 0% interest. When even that wasn't enough to stimulate the economy, the Fed resorted to quantitative easing (QE1 and QE2 so far) that brought interest rates down further....or even -negative in this case between the Fed and banks. That's all about to end because it's all going to hit the fan shortly. Interest rates and inflation are going to go up. With any luck we'll start to see some carnage before the November elections. Combined with higher gas and food prices, and stagnant wages, families will be feeling the squeeze.
Did it lower the interest rates?
Small point of order. My home loan is well under 5% APR, and my sister in law just got a car loan for 3% APR. So yes, interest rates are still pretty low. Now if that is due to the bank bailout, or the current "free money" Fed policy, or both is up to debate.
Frosty,
This GM bail out garb is mere childs play, check out the fllowing link to see what Honda recieved from Indiana to build a plant there.
http://tapsearch.com/globalization/id6.html
http://www.stlouisfed.org/publications/re/articles/?id=1875
Of course GM is a global company and a good global economy is needed for the US to prosper BUT, since us tax payers gave GM a loan to keep them afloat (many of us unwillingly), wouldn't the proper thing to do, to show your appreciation for saving your company from your stupid mistakes, be to create as many US jobs first, especially since the US consumers are what made you what you are, BEFORE you take our loan money and use it to create foreign jobs?? Sort of a no brainer that shows that GM couldn't give a damn about the US economy or it's taxpayers right now. It just wants to cash in on China and not pay anymore greedy UAW wages than they have to.
They had a simple choice, build a new plant here,and hire more Americans thus stimulating our economy, OR build a plant in China, make more profit per vehicle and create Chinese jobs. Defending them on this decision really makes people look stupid.
Of course they employ more Americans than foreign car companies, they are an American company. Apparently you don't realize that purchasing foreign cars that are built here stimulates our economy just as much as buying from Ford, GM or Chrysler. Purchasing from the latter three sends thousands to foreigners too. That is a ridiculous argument for backing GM and if a Japanese cars are crap, what does that make American cars.....dung beetles??? LOL!
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