floppymoppy1234

hey guys i didnt seem to find any info on this when i searched so any help is appreciated...

So, nissan is having a promotional deal stating "1.9% apr financing for any Z model up till feb 2 with tier 0 or tier 1 credit." Now my question is... do the dealers HAVE to stick to this promotion deal? Assuming i do have tier 0 or tier 1 credit? Can they just be like... no we cant give you the 1.9% apr? thanks for the help!

TongMan

if u qualify I don't understand why they would not approve u. The dealership I went to yesterday was getting me 6.5% apr with a 716 fico score and my dads 798 fico score. What a rip off!!

TongMan

where did u get that promo apr from?

The Brickyard Rat

iTrader: (1)

I'd think they would have to give you the 1.9% if you meet the requirements. If dealer says "no", call Nissan.

davidv

iTrader: (2)

What are the other terms? 20 percent down ? 36 month loan?

TongMan

the terms are: 1.9% for 60 months or 2500 Cash back.

floppymoppy1234

here is the exact promo from nissan,,,

2008 350Z Coupe including NISMO 1.9% APR financing for up to 60 months for well-qualified buyers* OR $2,500 cash back **

Offer Details

*Customer may choose either APR or cash back only option. Financing is subject to NMAC Tier 0 or Tier 1 credit approval (2008 Armada requires Tier 0 credit approval). $27.78 per month per $1,000 borrowed at 0.0% for 36 months, $28.16 per month per $1000 borrowed at 0.9% for 36 months, $28.60 per month per $1000 borrowed at 1.9% for 36 months, $29.04 per month per $1000 borrowed at 2.9% for 36 months, $29.48 per month per $1000 borrowed at 3.9% for 36 months, $29.93 per month per $1000 borrowed at 4.9% for 36 months, on all new above-noted vehicles in dealer stock. ** Cash back when you purchase from new dealer stock. See dealer for details. Offers end February 2, 2009.


did anyone eve have any kinda of experience where they denied you the internet promo deal? thanks again

VENOMSZ

iTrader: (4)

Please remember that APR % is also negotiable just like the price of the car.
If you go through Nissan, and you qualify for the promotional apr the finance office will try to get you to sign for a higher apr than what you qualify for...just refuse, get up walk out. Keep these two transactions seperate.
Tell them you will only buy the car at the promotional apr, plain and simple.

dhays

iTrader: (10)

Very good point about the price of the car and the terms of the loan being two different things. Financing a car is a bad thing. However, if you are going to do it anyway, you need to shop around and negotiate for the financing with just as much diligence (or more) as you do the car itself.

When you negotiate for a car purchase, you should be negotiating first on the purchase price. Secondly, negotiate on the trade-in value. Finally, you negotiate on the loan. If they can't meet your price on the car, you are done. If they can't meet your price on the trade, you sell it privately. If they can't give you loan terms that are attractive, then you finance elsewhere. The dealer wants to make money on each of those three components. You just want to try and give the dealer the smallest margin that they are willing to accept on all three.

If you find yourself in the situation where you need the dealer to give you enough on the trade-in, good enough financing, and a low enough price on the car, you have no leverage what-so-ever. Look at it another way.
Buying a car: Go to a dealer
Selling a car: Find a buyer
Getting a loan: Go to a lender.

A car dealership is good at selling cars, not so hot at the other two.

floppymoppy1234

ahhh ok thanks for the info... anywhere around 5%apr is considered "good" if you have good credit right?