trade in financed 08 g37 for an 09 g37?
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From: Clifton Park, NY and NYC
trade in financed 08 g37 for an 09 g37?
Does anyone know if it will be possible to trade in a financed 08 g37 coupe that has 60 months to pay off for an 09 g37 in 4-5 months? I'm just curious on how this could work out.
I would only consider if you could come out of the 08 even. With depreciation this will be unlikely, unless you put a lot of money down, which of course you will lose a large chunk of this. Inevitably, you're monthly payment will go up for essentially a very similar car. I would hold on to your 08. The first year for a new transmission can be dicey, better off building some equity in your 08. That's the sensible thing to do. 2 Cents.
i have seen people do it especially from a '06 Z to the '07 which they put the VQ35HR motor into that. Yes, you'll have some equity to factor in. Don't expect any special APR on the '09
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You'll take a big hit, say the 09 goes for $1 K below MSRP. People are getting $1 K below invoice on new 08. Then factor in that you have a used 08, that the dealer will end up selling for less than $1 K below invoice. You'll probably pay $10 K difference for a 7-sp auto instead of a 5-sp auto, & "self-healing" paint. Trading in a 1 yr old car or leasing a new car for 1 yr is ridiculous in terms of depreciation.
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