I pay $465.00 per month w/$6,500 down for a loaded XS

 

The thing to remember when comparing cash up front to lower interest,is that unless you are only going to make the exact payment each month you will probably be better off with the cash. Paying a little extra every month helps a lot over the life of the loan.

 

I got my 2009 G37x sedan navigation + tech + splash guard + net + other crap i don't know for $38,500 before tax * 8.8375%(tax) = 41,902.44 with 10k down and i am currently paying 538.95 a month.

 

sorry for not replying soon enough. but first and foremost i would like to thank everyone for replying!!! really appreciate it and i have a better overview of the car and what I should actually expect vs dream.

But here's what I'm looking into CURRENTLY. G37 Sedan Journey
no packages not even premium and the dealership down here in Torrance is asking for 630 X 60. APR set at 4.99 and 0 down taking in the incentive which i believe is 2500? Not set on taking the car because Premium package is a must especially with the heated outside mirrors + bluetooth. Journey without premium includes leather and outside/interior is IDENTICAL.

I realized that Sports package is beyond my financial reach for now, maybe later down the road I'll trade a vehicle in and buy one.

I requested quotes from dealerships that I want a G37 Sedan Journey WITH Premium Package for 630 x 60 with Tier 1 credit 0 down. No sports package or any other options besides Premium. I really think this might be possible, what do you guys think? Guys have any references from So-Cal?

once again thank you all for all your insight thoughts opinion and edumacation with everything!!! :-)

 

I think that might be a little aggressive, but that's what you want to do with quotes to dealers.

To get $630/month for 60 months with a 4.99% interest rate, the out the door price will need to be right around $33,400.

From edmunds, the invoice on a Journey + Premium Package is $34,172. Say you get a really good deal and with the $2,500 incentive get the car for $3,000 below invoice, or $31,172.

If tax is 7%, that brings the cost up to $33,354 - essentially right where you need to be to get the payments you want.......Unfortunately, I'm probably underestimating the tax and other fees.

I'd say your best bet to get this good of a deal would be to wait till the end of the month when the dealers are more motivated to move inventory....the problem then is that they might not have the car you want still.

Anyway, that's just my 2 cents. Good luck with the shopping

 

you may want to call some Credit Unions. They are still doing lease deals and you could get what you want because they will buy it from the dealer, essentially, at the price you negotiated and stick a residual on it.

 

WildcatG,

You should only pay taxes on the payments made and not the whole amount.

 

I am seeing deals people are getting on other forums that match what you are looking for or better. Not sure if I can post links to other forums or not.

 

Really? If you pay $35K for a car, the government wants it's 7% (or whatever it is in that state) tax right away - they don't care how you pay for it (financing or cash).

I bought my car a little over a month ago now and could have sworn that the tax was a line item included in the calculations to get to the total price, which then I had to figure out how to pay for that total amount between a combination of cash and financing.

Maybe it's different between states, or maybe I'm just wrong. I meant for the 7% to be illustrative anyway.

 

It only applies to lease deals. They tag on tax on the payments. Again, some states are different. If you buy the car after your lease is over, then you pay tax on the buyout price. If you simply buy the car then all states want their money.

 

Let me guess: 72 months? cause you're going to make Jim cry ha ha

but yeah on a lease it's a different rate but you only pay the interest on the amount paid at the time not the entire price of the car. The only reason why you'd lease a g37 is because you want to get rid of it after 39 months cause the you only pay like 60% of the car after 3 years... that's like 4-6k a year to drive a g37

if you're going to take the cash, just make sure you have the loan approved before you go. that way you can negotiate a better price. paying for a car in cash always gives you more leverage.

I'll tell you this much if you want 4.99 for 60/72 months, if you have a lot of equity they shouldn't have a problem to loan.



but yeah if all you want is a journey + premium, you can wait a little longer... that is jf you don't care about the color.

 

If this is a purchase and the car is indeed loaded, then I'm guessing:
a.) there was a trade-in involved
b.) 72 month loan
c.) perhaps a combo of a and b.

 

Maybe he leased and put down 10 security deposits (which he'll get back at the end mind you)? Down payments on a lease make zero sense. Multiple security deposits in this crappy economy make all the sense in the world if you are liquid enough. Where else can you earn 10% on ~6K right now? Exactly...