I'm looking at buying the new G6 GXP Sedan. MSRP of a little over $27,000.00. 3 year lease, $367.00 a month!!
I live in Michigan, and around the metro detroit area, only 1 dealership has these new cars. I know that I can afford that price right now. But do I really want to afford it? Where will I be in a year? 6 months? Who knows?? Is that price for that car really worth it?
2007-10-25 01:40:39 · 8 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Buff Whelean Chevy -
It's on 17-1/2 and Van Dyke road.
I worked for them many years ago - very good people.
They can get you a better deal than that I'm sure
2007-10-25 02:02:08 · answer #1 · answered by pablo35escobar 4 · 0⤊ 0⤋
You are thinking sensibly up to a point. It is good that you are considering what you can afford in the future, Whether it is worth it or not is a subjective judgment and is based on your own values.
The area in which you are not thinking sensibly is in the monthly payment. Citing monthly payments is an old trick to deceive the consumer. See if you can obtain financing more cheaply at another source.Consider the total cost.
Unless I am doing my math incorrectly $27,000 divided by 36 equals $750 a month without interest and assuming a 0 down payment.Check that out.
You can go to the on line Pontiac site and locate and call other dealers and see where they are how much they are charging for the car. You can also find out on line.
If you really want the car you may save enough money to make a trip to a cheaper car dealer.
My suggestion to you, however, is to wait and purchase the car later while saving your money. You will have more money for a down payment lowering your monthly cost and hopefully your plans for the future will be more secure.
2007-10-25 09:03:20 · answer #2 · answered by DrIG 7 · 0⤊ 0⤋
You can lower the monthly payment by paying more up front for the lease setup...ask the dealer how much extra you'd have to pay up front to get the payments in the area you can afford. It's just like buying a car, only with a lease, you are just paying for the 3 years of use. A 27K car is only worth around 13K after 3 years so you are only paying for 14K plus interest over 3 years to make up the financed amount. Find out the total cost of the lease and interest rate and then check some other sites to see how it compares with other's terms. There are lease companies that are independant of a dealership that do leases on a wide variety of cars and trucks...check the Yellow Pages for any in your area. You lease through them but have to go to a dealer for repairs.
2007-10-25 10:02:33 · answer #3 · answered by paul h 7 · 0⤊ 0⤋
Never Never Never tell the dealer what you can afford a month in a car payments because then that is what the car will cost you and they do not base it on the purchase price. However buying this vehicle that is hard to find or(leasing) for $367.00 a month is pretty reasonable. Cars usually on average depreciate 50% over 3 years and with interest you pay $13212.00 and that with interest is less than 50%. Sounds like a good deal to me.
2007-10-25 09:28:45 · answer #4 · answered by $1,539,684,631,121 Clinton Debt 6 · 0⤊ 0⤋
The dealer obviously feels they can get that price for this car. If they don't sell it to you, they know they will sell it to someone else.
You want to be the first kid on the block with one of these so this is the price you are going to pay. When a hot new model in high demand comes out, it is unrealistic to expect a deal. You will pay at least sticker price. With some models, it is common to pay above sticker for a high demand model.
If you wait a few months, more dealers will have these so you can shop around.
Better yet, find something more within your budget. You will never be really happy with a car that you can not afford. Maybe settle for the GT model instead. It is $3,000 - $5000 less.
2007-10-25 09:22:57 · answer #5 · answered by Mad Jack 7 · 0⤊ 0⤋
Lousy vehicle - crook dealer. No win for you. Try this combination: good vehicle - crook dealer. As you can see, the second part stays no matter what you do but at least you have contorl over the first one. Use it!
2007-10-25 09:16:12 · answer #6 · answered by Anonymous · 0⤊ 0⤋
look for the price an edmunds.com and buy the car from the Pontiac website and then just pick it up at the dealer.
2007-10-25 08:44:11 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Average car payment in USA is 450.00, so you have too much car. They do not set leasing residuals, banks do. It sounds like a good deal even though it is GM.
2007-10-25 09:17:03 · answer #8 · answered by 12pleze 6 · 0⤊ 0⤋