The 09 G37 is now up on Edmunds.com. As usual, invoice prices are listed. Vehicle review isn't available yet.

There are already incentives on the G37; $1000 cash to dealer or low APR.

http://www.edmunds.com/new/2009/infi...ncentives.html

- Chris

 

What does this mean?

"$1000 Dealer cash may not be combined with 3.90% APR - 4.90 % APR and vehicle must be financed through the manufacturer's captive finance company."

It sounds like you can only get the dealer cash by financing through Infiniti, but if you finance through Infiniti at 3.9-4.9% then you don't get the dealer cash. So does that mean you must finance through Infiniti but at a higher rate in order to get the dealer cash? What if wanted to pay cash? What if I financed through my private bank?

 

This is pretty standard stuff...

1. you can finance through Infiniti at 3.9-4.9%, or
2. you get $1000.00 cash back.

Pick one. You can't have both.

If you pay cash or finance elsewhere, you get to pick #2.

It's not rocket surgery.

 

I know the setup you described is fairly common and doesn't take a rocket surgeon (is that what you get when a rocket scientist and a doctor have kids?) to understand. I was just confused by the wording of the restriction.

It sure sounds like they're saying that "$1000 dealer cash...must be financed through the manufacturer's captive finance company."

 

The same wording is used for the $3K cash to dealer for the 2008 G35. I too intially thought this meant you must finance through infiniti. I guess that's not the case.

 

WooHoo! I have achieved rocket surgery levels of understanding. I'm flying out to Cape Canaveral next week to deliver a new space shuttle baby via c-section.

To make this post potentially useful to somebody here's a quick hypothetical comparing the cash vs. low rate.

Assuming $40,000 out-the-door price, zero down, 100% financing for 60 months. (I'm trying to make this generic)

$40,000 financed at 4.9% for 60mo = $753.01/mo ($45,180 Total)

$39,000 financed at 5.95% for 60mo = $753.07/mo ($45,184 Total)

In this case you would need a 3rd party loan below 5.95% to make taking the cash worthwhile.

If you finance more than $40K the break-even APR goes down ($50K is 5.73%). Likewise, if you finance less than $40K, which I hope most of you are, the break-even APR goes up ($30K is 6.3%).

My local credit union is offering auto financing as low as 5.35% for 60mo right now. So chances are most of you could come out ahead by getting 3rd party financing and taking the customer cash.

 

Do you gents feel that an Infiniti Financial Services deal of 3.9 or 4.9% APR is reasonable for an '09?

 

I would say it's reasonable but not a strong incentive. I think credit unions are offering rates in the low 5s.

 

That's what you get for a "hot model". In 2-3 moths it will probally be the normal 1.9-2.9%

 

Here's a link to Motor Trend's quick drive for the 2009 G37 Sedan with the new 7 Spd Auto. The report a 5.0 second o - 60 run and 13.5 in the 1/4 mile. Not too shabby for a Sedan weighing around 3600 lbs.

http://www.motortrend.com/roadtests/...est/index.html

Also to comment on the dealer incentives Vs. special interest rates... I just bought a new 2008 G35S and opted for the additional $3000 cash rebate rather than the 0.9% financing, because I was putting down a pretty large cash deposit and was able to get 5.9% financing, so my payment actually ended up being $20 - $30 less per month by taking the cash discount instead of the special financing. Plus, if I end up paying off the loan early, then I save even more on interest.

 

You could always pick up a deal on the last of the '08s...

Infiniti offers zero-percent financing on 2008 models

 

Infiniti cracks me up with these "deals"...to help out the consumer...if they really wanted to make a good deal they'd go 0% for 60 mos. I don't think many people are going to want a $1000/mo or more for a car payment...esp one that's a yr old already...maybe it's just me...

 

I agree. It's a bit of bait-and-switch for those who don't know how to calculate loan payments on their own.

Regardless, I'd imagine that you'd get a good deal on an '08 (or even an '09) right now with a little bit of basic negotiating, with the auto industry suffering as it is, from the manufacturers right down to the dealers.

 

I'm waiting for $3000-$4000 incentive on G37 Sedans next October.

Or $5000 incentive + 0% APR for 60 months on an 08 G35 would do as well.

 

Considering Pentagon Federal Credit Union has 4.75% up to 72 months taking the cash is the better deal! And it only cost like $25 - $35 to join them.