When it comes to buying used cars, the power of depreciation is a wonderful thing. Some cars depreciate faster than others, but if you’re patient enough, you can finally get that car that you were dreaming of 10 years ago for a very reasonable price today. Case in point, the Infiniti G37, which is a luxury car that you can now buy for less than $5,000.

What is an Infiniti G37?

The G37 was Infiniti’s entry-level luxury car offering from 2008 to 2013 as it was the successor to the G35. It came in coupe, sedan, or convertible form and was available in either rear- or all-wheel-drive configuration.

The G37 competed with the likes of the BMW 3 Series, Audi A4, and the Lexus IS at the time. In addition to a stout engine that was derived from the brand’s fabled VQ Series of engines, the G37 brought its own take on refined luxury to the table.

Its sleek exterior styling has held up well over the years and its handsome interior the type of plushness and elegance that you would expect out of a luxury car. No, it wasn’t a Lexus, but it didn’t quite feel like a cheap Nissan either.

How did it drive?

The 3.7-liter naturally aspirated V6 engine that was stuffed under the hood of the Infiniti G37 was arguably the main highlight of the car, although it was very well-balanced.

The VQ37 engine produced 328 horsepower and 269 lb-ft of torque and was mated to either a six-speed manual or a seven-speed automatic transmission. This powertrain combination was able to propel the car up to 60 mph in just over 5 seconds and down the quarter-mile in about 13.8 seconds.

According to Car and Driver, the G37 felt very neutral in the corners thanks to its multi-link suspension. If you wanted a sportier driving experience, then the G37S was the trim level to get as it had limited-slip differential, a stiffer suspension, and 19-inch wheels.

This formula was the same for all three body styles of the G37, so buyers could choose which configuration would work best for them while reaping the same performance benefits.

What about that $5,000 price tag?

When it was new, the Infiniti G37 retailed between $32,000 and $35,000. However, it’s been about 12 years since it was first introduced to the market, and, as you can imagine, prices have dropped considerably in today’s used market.

You can currently find clean, low-mileage examples for somewhere in the neighborhood of $10,000 to $12,000 depending on the body style, trim, and sale location.

However, if you’re looking for the lowest of low, pricing wise, then we did find numerous examples on sale for less than $5,000.

The only catch is that almost all of them had close to 200,000 miles on them.

Is it reliable?

According to Carcomplaints.com, more owner complaints and issues reside in the 2009 model year, with most of them being due to miscellaneous interior and some minor electrical issues.

Overall, the G37 is still a Nissan, which has been historically known for its reliability. So while 200,000 miles sounds like a lot (it is), we would say that it’s worth the gamble of buying one at such a cheap price. It might not turn out to be a gamble after all.