There you have it! It is a good time to get into the 08 Infiniti G37 coupe. You can’t really beat 0.9% for up to 60 months. You won’t find a money factor low enough to make leasing more attractive. I know most of you visit this side to lease, but sometimes, even I have to admit that it makes sense to buy. This is specially the case when you are dealing with an end-of-the-year “clearance” situation and the interest rate is much lower than the money factor. (You can convert the money factor into an interest rate by multiplying the money factor by 2400.)
Here’s a scenerio:
- Infinti G37 Journey Sport and Premium
- MSRP $41,515
- Sale Price $37,947
Using last month’s lease rates, a 36mo/15k lease will run you about $497 per month + tax, with about $1500 do at signing.
A purchase on the other hand, will cost about $621 + tax with about the same amount down, over 60 months.
Basically, for about $124 more per month, you OWN the car (once your loan is paid off). Last months lease rate charges an interest rate of about 5.16%, so buying is clearly the “smarter” financial move. Just make sure you can afford to make the payments. Time and time again, I hear of people who overestimated their ability to afford a new car and end up ruining their credit scores because of it.