After searching around for the best deal on a g8 gt the best deal I can find so far is $500 over invoice (31,043) for a mgm with sport and premium package with out the sunroof. The otd price would be 33945.69 with a 72 month loan at 5.99% I don't have a problem with the 500 over invoice but the trade kind of kills it.

I have a 07 Honda that I owe 20619 and they only will give me 17,200. That's a big hit. I'm sure I could sell it out right for 19k but I'm not sure I could get too much for the trade the average dealer trade in for the car in good condition between kbb and nada is 17900.

With the negative equity in the trade I would have a payment of 619 for 72 months. I'm going to dinner tonight and think about it. All I got to do is make the call and the dealer will hold it for me until I come back from Hawaii next week.

What did you guys pay and would you pull the trigger on this deal?

The trade thing is the issue. Got a Car Max in your area? Bet they'll give you more for the trade.

Don't ding them so hard on the price of the car and get a better trade price. If they won't negociate the trade, tell them good luck, leave your number, and walk away.

My first offer on my 2006 Honda Ridgeline RTL with Navi and Sunroof on Trade was 17.5k. I told them, 21k. We met at 20.5k - and I got the car for $1000 off MSRP. Another idea is to go shop around at other dealers, not for a G8, just any car in general and get some trade prices on your Honda. Get them in writing and if they compare to that dealer, well then that is going to be market value. If they vary, use that as an advantage. I used Edmunds.com pricing on mine as a base line, and got very close to what they listed. If they think you love the car and you really want it bad, trust me they won't negociate nearly as much. I never for a second stopped mentioning the BMW 335I Sedan.. and used "Cost isn't so much of an issue, but I know a good deal when I see one.". They win the game if you choose not to play.

5.99 for 72 is great rate thats what i got. I had 5k down and no trade though..... Trades are a bitch and thats the only way the dealer can make money now is on used cars.

i got 4.49 for 60 months

i would NEVER sell a car to a dealer. i sell all my cars privately. just cause i dont want to give the dealership the satisfaction of buying my car for cheap and selling it to someone else for $5K more

Trading in a car that is only one year old demonstrates an inability to commit. No way you can get through that deal without taking a total hosing. First year depreciation is the real killer for you. Make the deal, or keep what you have. But if you make the deal, commit to stay with it for at least three years.

Trading in a car that is only one year old demonstrates an inability to commit. No way you can get through that deal without taking a total hosing. First year depreciation is the real killer for you. Make the deal, or keep what you have. But if you make the deal, commit to stay with it for at least three years.


I think you are right, if I want out at this point I am hosed just like with the last vehicle I had. My last ride was a 06 Nissan titan that I put about 13k in extras into. It was a shame that it only got 10 mpg on the freeway (best ever was 13 all stock all freeway) and had numerous problems. I took a major hosing when I sold that (private party) but I didn't want the 10 mpg on my commuter and I didn't have faith that the truck would hold together for the long haul.

I had a Chevy truck before that for 10 years and wish I had not sold it. I have to look at it every day as I sold it to the guy up the street. Now I have a 75 ford for a truck. I only sold it for the extra two doors. Oh well, Anyway I do think that the Pontiac is a car I could be happy with for a long time. It's comfortable, gets good mpg for the power, and has loads of upgrade potential.

The civic was the best choice at the time. Well, second best because I didn't want to wast the money on a car that I knew (didn't tell her though) would be short term. The wife didn't want me to get a scion xa as a temporary car, too small she claimed. I just didn't think it would be this short term, I was thinking more like 3 years.
Problem is I'm craving the torque of the v8, a bigger seat and a new car in general. Maybe it's the 7 year itch. I can't afford to trade in the wife but a new car.....

I'm leaving for Hawaii with out the kids tomorrow morning. Maybe I can have the cake and eat it too with out the itch.

I can't believe you owe over $20k on a year-old Civic!

Just keep the Civic for a couple years and pick up a used '09 G8 GT in 2010. You'll be right-side up on the Civic, you'll get a G8 GT for less than you're going to pay now, and you'll be getting better gas mileage for the next couple of years.

That's the right decision, IMO. If you want to be impulsive, buy the G8 now, negative equity be damned. Then the next great thing will come along, and you'll roll your G8's negative equity into that next year.

The civic was the best choice at the time. Well, second best because I didn't want to wast the money on a car that I knew (didn't tell her though) would be short term. The wife didn't want me to get a scion xa as a temporary car, too small she claimed. I just didn't think it would be this short term, I was thinking more like 3 years.

Thats why I think Civics are retarded cars. They cost WAY too much money for what they are. I had a Scion xA, kept it for 2.5 years, got trade for what I owed (average of KBB and NADA). It was a stop gap car, until I felt comfy buying a nicer car for a daily driver. Helps I got a new job during ownership that gave me a 50% raise.

Morris, as much as you desire to get a G8, honestly, you are in no position to buy one right now. If you can't pay off your trade completely, with a 72 month loan, you will be upside down for years.
I would never do a 72 month loan. You will take a real bath here.
You would be better off waiting for at least a year to pay down on your current car.
I know the temptation is there, but, unless you are willing to piss your money away just for the sake of having a new car, I would not do the deal.
Just my opinion, you understand.

I'm at 60 months @ 5.9 w/$9k down, $444/mo. (company picks up the tab, but I am putting personal money in each month. Should be paid off in 36/mo)

mac

keep the civic... us American's are known to be disposable enough...

macgto;

Let me explain my position a bit more. I could make double or tipple payments if needed but I like the flexibility in my budget, that's why I take the longer loan. Normally I would have made additional payments to the principal and finished the loan early saving some of the interest expenses. I didn't do this with the Honda because I had some expenses that I knew I would need to pay (Honey, we are going to Hawaii and you are paying, home improvements etc.) So, honestly, I am in a position to make a purchase despite the trade not totally being paid for. Like you said though I will likely take a bit of a bath on the deal.

So this is how it looks now. If I take the 5.99 loan for 72 months I would then transfer it over to my credit union. They have a deal where they will lower the rate 2 points if you transfer but there is a cap, so 4.99 will be lowest I could go.

The dealer has got a conquest incentive now so the loan will be 1K less. I will also throw in 1K to the deal. This would make my payment slightly less than $100 more per month than it is now on the Honda.

If I sell the Honda out right I could get a bit more money out of it, but then I would have to get an 09 gt which would cost more than the 08 negating the reasoning of waiting.

I guess I have convinced myself the bath I'll be taking isn't so bad. What it boils down to is that for less than 100 bucks a month more I'm getting the car I want. Ya, It'll cost me more in the long run, but like I said I'm not going to take the loan to full term. I'm only going to finance 35K so I will not be too far upside down anyway.

Well, I'm off to the dealer to look at what might be my new ride.

Hey, its your money budget it the way you want! You will definitely enjoy the G8 a lot more than the Honda!:wink2:

Pulled the trigger, got the car in the driveway. I wish the corsa exhaust was available, this thing definitely needs an exhaust upgrade. Very nice refined ride, so far so good. By the way if any Ca. guys are looking to make a purchase the dealer I went through was very good. I was in and out in less than 2 hrs no, hassles what so ever.

Cool. So what did you get exactly?

Welcome to the NorCal G8 Owners Club! :)

Thanks guys! I got a mgm gt with the sport and premium package.

Good choice!! Enjoy!!!!!

Can't say I'm surprised. Best of luck to you, Morris.