I'm looking to pick up a new redline performance 350Z w/ the aero package in the next week or so and am wondering what typical financing rates people have gotten are? I punched everyting in eloan and they came back with something rediculous (despite my fiance and I having well over 700 FICO and 23% debt to income ratio) so I figured a face to face at Nissan and they may come back with something more reasonable but wanted to know what typical was. Length and rate would be helpful.

Thanks!

HokieZ

 

Shouldn't be more than 4.49 or so if you truly have good credit.

 

That's about what I figured but I think e-loan looked at my fiance (wife in a month) and I's accounts and didn't make the connection that the mortgage on them was the same mortgage so it looked like we had double the debt we really do. I actually called them and the customer service guy couldn't answer a single question with anything other than an answer of "It's based on your credit scores".

They offered me the oh so generous rate of 10.79% with a max of $22,000 which freaked me out so I bought both our reports (just got one 10 mo. ago for a mortgage but you never know) and the FICO's are well over 700 (only knocks against us is our age, me 28 and her 25 so we don't have long histories) and I know my actual debt ratio.

Thanks,

HokieZ

 

PeopleFirst.com is offering 3.99% for 60 months. If you are a member of Costco, try their auto financing service (which is actually the same as PeopleFirst, but u get a lower rate).

 

We got 3.9% on the Murano and the Z that we got from Pence. They really weren't offering that and weren't very helpful until we told them we'd already gotten 3.99% somewhere else (we hadn't, but we knew we could).

Michael won't help much, but talk to their finance guy and he'll get competitive.

Good luck!!

 

I got 5.99 for 60 months (with a bankruptcy less than 3 years ago)

 

Hokie...your numbers were actually a little better than mine. (I hadn't sold my truck yet) I had 730 FICO and about 28% DtoI

I got 6% from Wells Fargo
I got slapped down from a credit union we use
I got 4.9% from eloan.com
I ended up co-signing w/pops @ said credit union...3.9%

They looked at you as having a double mortgage I think...dummies.

If you buy from a dealership, you should get no less than 4.5% but maybe even better than that?

 

3.99 from nissan,ohhhh to be old with good credit

peace

 

3.49% Compass Bank
60 Months

 

I paid 4.75% through Nissan Finance in January.

 

... dealers get loans from more than one source and the buy rates are different. Dealers like to use the money that gets them kickbacks so they'll tell you want they want not want you need. I got 3.45% in May, my beaken was in the 820's. Mid 700's should allow you to close on a 4 or 5% rate. Anything below 700 you're on your own. Three ways to make your deal, trade-in, front end and back end. People who think they got a great deal on their car usually get screwed without knowing it. A good deal is a state of mind.

Just refinanced my house at 4.75% 15year fixed. Rates are going back up I hear...

 

... My wife's family is from Richmond, we head up there a few times a year.

Are they EVER going to fix those streets up there? I have to pop the Sequoia in offroad mode just to get around town up there.

Seriously, very good times have been had in Richmond.

 

I got 2.9% form Nissan financing (Through Chase Bank NY)

 

At 25 this was my first big purchase, but my credit was decent. The financial guy offered me 9.5% and I was pretty pissed. I put down another 1K and got it down to 5.4% @ 60 months. I walked off a little ticked off, but I got the loan and the Z, so I couldn't complain.

 

3.99% for 60 mos. Under 30, first auto loan (cash for all others, baby! ). Shop around before getting your dealer's finance department to quote you a rate, because my dealer resolved to beat the rate that I had [from San Francisco Police Credit Union, 4.75%/60 mos] upon making my purchase. Also, if you plan on putting a certain amount down, you can be possibly offered percentage points lower (I put down 8G's). Good luck!

 

I also got the 3.99% People's First loan for 60 months.

 

$0 down 4.49% from Nissan. I also got the same quote from a credit union but decided to go with Nissan. Total loan amount was like $42k and some change (got all the options)

CMJ bought around the same time as me. He is younger so didn't get as good of rate that I did, but he had a "No Payment" thing for like 6 months.

 

I got 3.9% from Victory Nissan for 60 months.

 

I got 3.9% with 15k down...

 

Great. Thanks for all the information and feedback. I've got a conference call tonight at 8:00 so I can't make it to the dealership till tomorrow (have to love the time difference to Asia) but if they meet my price (5% over total dealer cost, it's been on their lot for a while and is an '03) and finance terms (5% or better, I'll start at 4 and work my way up if need be) I'll drive it home.

Thanks for the input.

HokieZ