# GM behind Toyota for #1 **URL:** \ **Category:** NYSpeed Automotive\ **Created:** [October 29, 2008, 12:24pm UTC](https://forums.speedlife.net/t/gm-behind-toyota-for-1/57281 "2008-10-29T12:24:54Z")\ **Posts on this page:** 8\ **Page:** 2
**Author:** ![Beck](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/beck/32/28683_2.png) [@Beck](https://forums.speedlife.net/u/Beck)\ **Post date:** [October 29, 2008, 8:31pm UTC](https://forums.speedlife.net/t/gm-behind-toyota-for-1/57281/21 "2008-10-29T20:31:04Z")
FWIW: Toyota’s money factors and buy rates on leases increased at the beginning of the month due to the fact that they know they have America by the balls. There’s no competition besides Honda. ---
**Author:** ![BigRon](https://avatars.discourse-cdn.com/v4/letter/b/58956e/32.png) [@BigRon](https://forums.speedlife.net/u/BigRon)\ **Post date:** [October 29, 2008, 8:39pm UTC](https://forums.speedlife.net/t/gm-behind-toyota-for-1/57281/22 "2008-10-29T20:39:40Z")
> [@Beck](#): > > I absolutely agree. Regardless of what the volt has over the prius (not taking into account reliability, resale, and quality) is it really worth an extra $15,000- $20,000? Probably not. > > All I’m saying is that if GM wants to get back in the game, they need to think smarter and cheaper. Them buying Chrysler is surely imminent, and it’s smart because Chrysler has something GM wants/needs. MONEY. GM has no money. Shit, they only own a small portion of GMAC now. > > Not to mention, they lost a LARGE number of customers due to the extinction of leasing. And the money they are going to lose in the next 3 years on returned Smart Buy vehicles is going to be phenomenal. They own 49% and we remind them of that daily. But Cerberus wants to buy that part as well so we will see what happens. SmartBuys hurt but not as bad as the loses on Smartleases. We are still leasing Cadillacs and Saabs, but yes we have ended them for the most part. Toyota’s 0% offers are twisting the knife in GM’s side right now. People are buying Matrix rather than Vibes because the financing is better, when it was the complete opposite 6 months ago. ---
**Author:** ![BigRon](https://avatars.discourse-cdn.com/v4/letter/b/58956e/32.png) [@BigRon](https://forums.speedlife.net/u/BigRon)\ **Post date:** [October 29, 2008, 8:43pm UTC](https://forums.speedlife.net/t/gm-behind-toyota-for-1/57281/23 "2008-10-29T20:43:32Z")
Also did try the cheap route with hybrids with the aura and malibu, but it does next to nothing. ---
**Author:** ![Beck](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/beck/32/28683_2.png) [@Beck](https://forums.speedlife.net/u/Beck)\ **Post date:** [October 29, 2008, 9:26pm UTC](https://forums.speedlife.net/t/gm-behind-toyota-for-1/57281/24 "2008-10-29T21:26:26Z")
> [@BigRon](#): > > They own 49% and we remind them of that daily. But Cerberus wants to buy that part as well so we will see what happens. > SmartBuys hurt but not as bad as the loses on Smartleases. > We are still leasing Cadillacs and Saabs, but yes we have ended them for the most part. > > Toyota’s 0% offers are twisting the knife in GM’s side right now. People are buying Matrix rather than Vibes because the financing is better, when it was the complete opposite 6 months ago. I’m hearing from first hand experience that Cadillac leases are outrageous. $600/month for a CTS? $700+/month for an STS? You have got to be shitting me. ---
**Author:** ![Beck](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/beck/32/28683_2.png) [@Beck](https://forums.speedlife.net/u/Beck)\ **Post date:** [October 29, 2008, 9:28pm UTC](https://forums.speedlife.net/t/gm-behind-toyota-for-1/57281/25 "2008-10-29T21:28:16Z")
One last thing before I go to bed. Ron, do you have any idea what GM is going to try next as far as incentives go? They’ve done 0% for 72 months, Employee pricing for everyone, and BIG ASS rebates for everyone. There really isn’t anything else they can do, short of giving people cars for free. ---
**Author:** ![BigRon](https://avatars.discourse-cdn.com/v4/letter/b/58956e/32.png) [@BigRon](https://forums.speedlife.net/u/BigRon)\ **Post date:** [October 30, 2008, 4:46am UTC](https://forums.speedlife.net/t/gm-behind-toyota-for-1/57281/26 "2008-10-30T04:46:04Z")
Yeah when you price a lease so that you don’t lose money on the residual, they cost that much. Other banks are now trying it but last I heard 5/3 bank is pulling out of GM leasing as well. Employee pricing for everyone worked last month. Look at the numbers. If I had to guess, 0% for 72 is not coming anytime soon. They will continue to pile the cash on the hood. ---
**Author:** ![Beck](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/beck/32/28683_2.png) [@Beck](https://forums.speedlife.net/u/Beck)\ **Post date:** [October 30, 2008, 5:02am UTC](https://forums.speedlife.net/t/gm-behind-toyota-for-1/57281/27 "2008-10-30T05:02:26Z")
> [@BigRon](#): > > Yeah when you price a lease so that you don’t lose money on the residual, they cost that much. > Other banks are now trying it but last I heard 5/3 bank is pulling out of GM leasing as well. > > Employee pricing for everyone worked last month. Look at the numbers. If I had to guess, 0% for 72 is not coming anytime soon. They will continue to pile the cash on the hood. thats truly sad, when i can go lease a more expensive/nicer Avalon, for half as much a month. ---
**Author:** ![BigRon](https://avatars.discourse-cdn.com/v4/letter/b/58956e/32.png) [@BigRon](https://forums.speedlife.net/u/BigRon)\ **Post date:** [October 30, 2008, 6:07am UTC](https://forums.speedlife.net/t/gm-behind-toyota-for-1/57281/28 "2008-10-30T06:07:47Z")
That is probably because Toyota is willing to take part of the risk. [Previous page](https://forums.speedlife.net/t/gm-behind-toyota-for-1/57281.md?page=1)