...I scheduled an appoinment for tomorrow.....















....but the service was quoted for $1,000....





...and that didn't include the brakes that needed to be service so....









....I decided to buy a new car on a whim.











Ended up with a White 2010 Genesis Coupe 3.8 Track Edition. Pics to follow soon.

Finance Terms:
$4,000 down payment
$540/mo 64mos.


It was a demo model though with 4,000mi.

 

Sweet. What was the total price?

 

The documents reflect a car sale price of $28K.

 

jjashaa would approve.

 

i approve

lol

MT or AT

 

This,
and did you get it in white? This car looks amazing in white.

 

congrats!!!

pic or ban

 

^ ya

 

At what rate?!?

End of the term you would have paid $38,560 total for this car!

 

reading > you

 

congrats! in for the pics.

 

+

You paid $10,000 extra for a demo model?

 

That's the FIRST thing I noticed. The OP is getting raped on financing, unless he rolled over negative equity from the trade-in.

 

What was the deal on your trade? I assume you traded your Jetta.

Anyway, good luck with your new car.

 

/bend over

 

$540/MONTH!!!!

For a Hyundai?...No thanks.

 

btw..... wtf at wat your paying

 

Well done. Eff everyone who shits on your thread. Enjoy the car and post some pics!

 

I think you guys scared him away

 

yup. I am thinking OP must had some upside down from his jetta.
Really? what were you expecting? $200 payment, just because it's hyundai?

I seen people huge upside down and bought a $15000 civic making $600 payment before.

If he really bought the car without any upside down then it is pretty rough payment, but without knowing any information from op, it is hard to say.

 

Hyundai, maybe. A demo Gen Coupe? No. Sounds like a little bit of negative equity. It happens. I don't pay that much for my G or my BMW.

Very nice car though. Congrats on the purchase I'm sure you have a lot of driving pleasure ahead of you!

Now pics

 

I totally missed the demo part. hmmm.. I can't wait to hear from OP.

 

Congrats man! Post pics. The Gen coupe is a hot car.

What year/kind of Jetta did you have?

Was thinking the same thing. My dad was just teaching me about interest rates this evening.

 

Congrats on the car. Your money your decisions. If you like it and felt you got a good deal, more power to you. In for pics....

 

Yay here's a pic.



I was at Mohegan Sun yesterday, hence why I was away.

 

3.9% Rate.

 

Correct negative equity was rolled into the financing, we're talking about a couple thousand dollars worth, 3~4K in negative equity IIRC. The Jetta buyout was 16.5K, which was a shocker. Also you guys are forgetting sales tax which was added on from the Jetta (because you don't pay a sales tax when you lease just a tax each month), so that's an additional $500, then add dealer acquistion fees, sales tax, registration there is another couple grand.

Also the bank required us to have gap insurance through a private insurer, which covers the full loan amount in the event the car gets totalled. That was an additional $500.

All in all, I think the per month cost is reasonable, we're financing a 32K car (if you included neg. equity into the car sale price) for $540 a mo. I know people who are paying $450 a month for a $24K car, without any neg. equity. So for us to be paying $90 more a month than that for a car which is quite a bit more expensive isn't to outrageous.

 

2008 Wolfsburg Jetta

Black with a 2.0T motor and DSG transmission.

This Genesis gets a few MPG worse, about 3~4 overall not to sure I haven't driven to conservatively yet, but it has much more pull.

 

But what are the circumstances involved with your car, down payment interest rate, finance term, sale price? Everything is a factor and unfortunately I had the folly of dealing with negative equity.


Plus, I was looking at a used car once and I was quoted $500 a mo/ for a used G35, the asking price was $20K and I was going to pay that much,I had a trade in with neg. equity as well. To be honest, I was using that figure as a comparision.


We also need to factor into account three very important things:

1) The Jetta required 40K mi service ($1000 service)
2) The Jetta would require new brakes within a couple months ($600 est.)
3) The Jetta had the front grill painted black which we would need to replace with an OEM one at lease end ($250)

That's about a $2000 value. Now assuming the negative equity was 4K, we're looking at a $2K premium to jump out of the Jetta and into the Genesis 8 mos. early. Was it worth it, rational thought would suggest probably not, but the got to have it now factor suggests yes and at least I'm happy.

 

Love the new Gen coupe in white. Congrats!

You from Fairfield?

 

You're correct. I was going to write about the factors involved but I didn't want to write a mini novel. Simply put, I was in very good trade / cash positions when I purchased my cars. I'm not willing to pay > $500/mo for any car.

It sounds like you knew the circumstances going in and did the best you could to get in a better vehicle. Congratulations again on your purchase.

 

OP, good job explaining the odd numbers. Certainly, many will not go your route, but you understood the deal and are content. So, congrats and go enjoy your ride.

I just hope that you will keep this ride for a long while - otherwise your wallet is gonna be hurting.

 

Yes sir, fairfiled/westport line, on the westport side.

 

Yeah, my intent was to finance to keep a car for a while. I will keep the car for at least 4 years, promise.

I also get every other oil change free for the life of the vehicle, a free full detail, a free 7500mi service. Steep discounts on snow tires and a long ass warranty.

 

I only look for pics

It is the quickest way to read a thousand words

 

Nice pickup. Love the Genesis coupe

 

Lovely car. Congrats.

But at 28K$, I would have expected a new 2011.

 

Very nice. Congrats.

 

Nice car.

 

Any *bigger* pics? That one is just a thumbnail.

I thought the deal sounded a little screwy as well at first too, but there's always that moment of sticker shock when you see a $500+ car payment. Hell, if you were financing a new M3 you'd be paying $1000+/mo even at their stupid low 0.9% rate. (just to put things in perspective).

That's seriously the best interest rate they could get you though?

Cool car...Congrats.