GregUMR

I had Tier 1 credit in Dec 07 when I bought my car (fresh out of college, 6mo). $42.8k sticker, paid $39.7k. 0 down, 2.9% financing, 63mo, got the extended warranty to cover 5 yrs, 70k ($1100ish). I pay $771 a month.

TJHG37S

iTrader: (20)

Davis,

That's over $40k for a used 08 G37? I'm guessing you have a high interest rate? Otherwise they robbed you. Nowadays you can get a new 08 G37 for less than that OTD..

Pippin

2008 G37 Sport 6MT with:
- Premium Package
- Navigation Package
- Illuminated Kickplates
- Trunk mat
- Trunk cargo net

Lease with these terms:
- 39 months
- 12k per year
- $0 down
- $499/month

I have a very good credit.

GregUMR

You have to take into account interest on his used car loan. If you assume 6% interest, that would mean he financed $23,500 to get his $435/mo for 72 mo. Over the course of the 72 month loan he'll pay approximately $31,000 ($7500 in interest). Add in the $9000 he put down on the car, brings him to $40k over all cost of ownership, not including the sales tax of about $2k. Actual sale price should have been 23,500+9000 = 32,500. Got to love interest.

TJHG37S

iTrader: (20)

That's what my thought was, 6% seems high to me, I got under 4% with my last car (WRX). Seems to me with so many dealers offering 0.9% APR for 60 months on 08's it's a better move to just pick up one of those $1000 or so below invoice, you'd probably come out about the same....right?

GregUMR

Yeah, that's mostly true I guess. If you negotiate a 39k closing price with .9% financing for 72 mo, and put 9k down, you are sitting at $430 a mo. For a new 09 Coupe with Prem/Nav (maybe tech).

jrod4

OK, guys need your advice!

I went and test drove a G37 today and loved it! but here is the lease that was offered:
08 G37 coupe journey with premium only, free set of snow tires (for us up here in Cleveland), 15k miles, 39 months

MSRP: 39665
Selling price: 34852
MF: 0.00156
Acq fee: 595
TTL: 350
Monthly PMT: $457
Total due: $1448

Orrrr there was a blue slate journey/prem one with Navi package that was very impressive but monthly was $530 mo with $880 due.

ADVICE PLEEEEASEEEE...I have a G6 GT coupe whose lease is due in 3 weeks so i have to make a decision soon.

I have been looking at buying a used G35 for about $400 mo but absolutely love the G37!

Thanks guys

Serbiasrt8

Don't get it without the Sports Package.You will regret it.
So my opinion is get a Premium,Nav,Sports.
With 1500$ drive off,your payment should not be more than 530$ with 12k miles/year and 39 mos

Davis81387

The interest rate is 6% through the credit union. The car was listed at $36,988. I talked them down to $33,200. With the tax, tags, etc. it came up to around $35,000. I put down $9,000 making the amount financed $26,000. I thought about going new and going for the 0.9% but the amount financed would still be a lot higher. I always pay my cars off early. Either way aside from the interest on the loan, I don't feel like the dealership robbed me. The car has only 5,000 miles on it and is fully loaded for $33k. Kbb is $39k

poggagga

This chick I work with just picked up an 08 Journey Premium Nav for $403/mo (incl. tax), 12k miles, 39mo lease, zilch cap reduction.

Solid deal.

billy718

leased for 39 months 450 a month zeroooo dowwnn

jrod4

wow..where at?? I am looking for exactly the same thing except 15k miles...any money down? (if that is diff than cap reduction..still learning all the lease language)..

please advise!

TJHG37S

iTrader: (20)

I should clarify; definitely don't think you got robbed with the price you got, the 6% rate on the loan was what I thought made the OTD so high. I'm in the mindset of 0.9% financing NEW and 3.9% used (last car), so "high" to me is anything above that. Economy sucks now so no chance at getting 3.9%, but in SoCal there are tons of new 08's without nav you can get for under $40k OTD so that's where I'm coming from...

barc111

2008 G37 Journey
Ivory Pearl/graphite

Premium
Sport
Rear Spoiler
Trunk Net
Splash Guards

$41,825 MSRP
My Price: $37,500
$1000 down
12k/yr - 39 mon
Residual: $23,422
MF: .001524
Monthly: $460

Is this a good deal? I am trying to work it to $37,000 Does the $2000 marketing cash count towards a lease...I know it doesn't for the 0.0% or 0.9%

stoney

2009 G37x
Moonlight White
Wheat

Premium package
Navigation package
Rosewood trim
Cargo net

Total price $45325

Lease for 39 months/10,000 miles a year

$2200 down
$723/month

Dealer paid $1800 to get me out of my last 3 lease payments on my old car so it was really $400 down.