I wouldn't say 4% is tier 2 unless that was for a 3 year loan or something. Since its 4% over 5 years I would be willing to be thats the best they would have given anyone at that time. I am sure if after a year of payments your score is now in the 700's easy so you will be fine next time around. Even if you were able to get 3% but couldn't this time your only paying like $500 more and by making your payments on time your helping your credit score. Small price to pay to establish a good credit history IMHO.

When you see the banks flash their low low new car rates very often thats only for the 36 month loans. People straight out of college with no credit history very often get stiffed with 7-9% on a new car over 5 or 6 years.

 

Youre right, and also banks can surprise you other ways. The 4% we got was on my wifes Murano financed through Nissan, and I think they had to work the rate down some, I dont think thats typical of Tier II.

But I financed my car through a local credit union at 4.25% or so. Thats also pretty darn good, but when I went in to sign, thats when I found they would ONLY finance the invoice value of the car. Any TTL and price over invoice I had to come up with myself.

It wasnt a big deal because I planned on putting a down anyway, but just goes to show you never know.