I leased, just under 5k down had some negative equity on a SUV trade in, 36 months, 565.00 a month

 

No more payments after first 3 months. All paid off.

But when I got it... I got 4.9% for 60 months at $400.82/month with $20,000 down. Car was barely over $40,000 OTD.

 

My sticker was $44k I purchased the wheel and tire package for $700. Car was negotiated to $40k with the tire package, with tax and tags the grand total was $43,000. Put $9000 down, so total finance was $34,000 0.9% apr for 60 months at $580 a month.

 

800 month....0 apr. personal loan for 23k...put 20k down

 

2 and a half year loan???

 

Yes, I know the guy pretty well (my dad) . He basically covered the difference for me so that I would save ~6k with the high finance rates (over 5%). I'm paying him 800 a month so the money isn't tied up for 60 months like a normal finance would have taken. Plus I'm going to give him some cash for doing that for me when it's paid off.

 

it all makes sense now haha. Thats cool, nice dad!

 

36 month 18k/yr lease
3k down
594/month
08 g37s navi

 

Purchased
IFS at 2.9%
60 Month
$25,000 down
$404 / month

 

I know most of you can not do this, but for you homeowners who have established a line of credit on your house’s equity, paying for your car this way has distinct advantages. First of all, unlike auto loans, the interest payments back to your account are tax deductible. You also don’t have to fuss with lien holders or insurance requirements the lender may insist on. But mostly, you gain a useful bargaining chip with the dealer by saying you will just be writing a check for the entire amount. Then the pink slip is immediately yours. There’s something satisfying in doing it this way.

 

^^^Most of the time the interest rates on the established lines of credit are much worse than the ones on the regular auto loans....some dealerships now are offering 0% for above average credit

 

That’s right. In my case it’s around 6%. But taking into account the other factors I mentioned, it may be worth considering.

 

I'm with Mr. Chekov on this one. The 0% finance deals are usually given as an option. That is to say you can have 0% financing OR receive the cash rebate, but NOT both. In many cases it is actually better to take the rebate up front than take the 0% financing. These 0% deals also sometimes have provisions in there that allow the finance company to switch to a high interest if you miss as little as one payment. Got to be very careful with reading all the fine print. Like Chekov, I pay cash and like to have the option of unloading on a moments notice.

 

hey im band new to the G world. ii just finalized my lease deal for a black with grey interior 08 g37s manual transmission.

my leave payments gunna be $488 a month nothing down.

 

Leased mine last month...
$1420 down, $429/mo