I've calculated my cost and stuff based on loan amount and interest. I've calculated it with 7.99%, which is solely on my own credit. If I were to get a co-signer, which has a credit score of 800+, or near perfect, what interest do you think they could offer me? Or does that differ among the dealership? This will help me calculate my costs, monthly payments and such as a approximate. Hopefully a new car sales man could tell me some figures, if not, any help is appreciated.

I think I'm really close to buying one! Just figuring out the calculations first

 

call your bank, never take the dealers rates as gold. You dont need an 800 score(which is virtually impossible) to get a great rate. Alot of other factors play into the rate. Things like down payment, length of the loan, where you get the money. Credit unions tend to have the lowest auto rates. Your probably not going to get those advertised rates of 1.9% or something like that on a Z. If you get in the low 7s high 6s, thats probably a pretty good rate on a Z. A cosigner isnt going to lower the rate, they generally want a co signer if you cant qualify on your own.

As you have stated in your other thread you have a 680+ credit score and putting 30% down. Those factors alone should get you a pretty good rate. Low 7s as a max rate

 

Nissans going rate is high 7s. I have a 750 credit score and I got 7.89% on my NISMO Z at 72 months.

 

SOLO, your rate is high because of the loan term. You could have gotten a substantially lower rate through a credit union with that score.

 

My credit union quoted 5.75 for 60 months 6 weeks ago dealer quoted me 6.99

 

Actually that rate was lower than two credit unions in my area.

 

5.99% for 60 months thru USAA

 

Mid 6's for 72 months @ USAA

and an 800 score isn't near impossible, I've seen some as high as 824, it's hard to get there butnot impossible. 850 is where the scale maxes.

In any event if your above 720 your good as gold.

 

Wish I could get USAA.

 

I am lucky to have access to them thru my Dad who is retired Army. I have my CC, car & home insurance and now a car loan from them. Super to deal with & competitive pricing as well.

 

i got a 6.39 Nissan rate when i bought my car in April this year for an 07. im 22 and got a 770 something score. Just tell em you have a blank check from capital one. they first told me some bullshiz number like 7.5% or something and then i told em i had a blank check and they quickly came back to 6.39 lol

 

got mine back in 05 for 3.9% thru USAA! Didn't matter though cause I paid the loan off in 10 months!

 

3.9 through USAA

 

6.19 Nissan

 

wow 72 months...

 

got 5.84% for 60 months thru dealer/local bank. i came to the dealer with a pre-approved loan from capital one at 6.25%.

 

Cool, thanks for the help. I know what kind of rate I will try to negotiate to. But I heard it's all depending on the interest rate, because the interest rates are high these days. But I'm aiming for 6% or so at the highest rate I'll go with.

 

Got my loan at 5% from Navy Federal Credit union. 60 months, zero down on an 06 enthusiast.

 

38k+ttl car gotta do 72 months.

 

8.6% through wells fargo. financed for 66 months. probably could have gotten better but i didn't think to check with credit unions around here.