I have been looking at two different Pontiac GTOs that are for sale at a local Pontiac retailer. One is a yellow 2004 GTO that is a six-speed with a little over 40,000 miles on it. The other is a red GTO that has a four-speed automatic with a little less than 20,000 miles on it.
The 2004 is going for $13,990. The 2005 is going for $18,995.
The 2004 and 2005 are both in immaculate condition (which seems to be the case with all new GTOs that I've looked at). So that's not a problem. I already put aside money for any possible fixes I'd have to make, so I could put some towards a down payment.
The 2004 has All-Weather tires, and the 2005 has stock ones.
Being the car nut that I am, I heavily researched both of these years. Now here's a big point that has a big impact on my decision. The 2004 has a 5.7 liter V8 rated at 350 horsepower, and the 2005 has a 6.0 liter V8 rated at 400 horsepower. The extra 50 horsepower is extremely attractive in making my decision.
Another biggie: Price. The 2005 is more than five grand more than the 2004. I would assume that is because of the pumped up engine, but I can't be sure. And i love the dual exhaust on the 2005, but I could just get an aftermarket Flowmaster or Magnaflow put on if I desperately need it.
And the final biggie: Insurance. I heard the insurance on a 2004 is (for some reason) cheaper than on the 2005 and up models.
So, my questions that I need answered are:
1. Is the difference in engine size and horsepower enough to warrant shelling out an additional $5,000?
2. I've heard that the automatic is actually faster than the 6-speed...is this true?
3. Is this vehicle bad in the rain? Would the All-Weather tires change its performance in the rain much?
4. Is insurance truly different between the 2004 and 2005?
and finally 5. Is the reliability of this vehicle any good? I've heard bad things about this car's reliability (and I know from experience that GM is kinda iffy) but i heard good things about Holden cars.
Anybody that answers all the questions fully will get the Best Answer. I'd also prefer any answers from people that own a new GTO but any other answers will be greatly appreciated. I'm torn between this and a 2002 Mustang
GT, and I'm a huge Mustang fan, so I need to know these answers. Thanks