When I get my Z in November, I'm planning on purchasing the car with a check cut out from an Equity Line loan (5.25%) and I'll pay it over 60mos. However I'm also open to Nissan's financing options if they can give me a decent deal. Has anyone financed their Z thru the dealership? Has anyone tried the SignatureGRADUATE financing thru Nissan? I'm curious about the rates you guys got.

thanks,
Anil


Info from the website posted below.

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SignatureGRADUATE®

Are you a new college grad? Your achievement deserves credit. SignatureGRADUATE offers a finance choice customized for recent graduates. Make that next big step with exclusive purchase and lease plans featuring special APR and lease terms (see your Nissan dealer for complete details):

• Purchase and lease plans on all new Nissan vehicles.
• Purchase plans on pre-owned Nissans, as well as other pre-owned vehicles less than six years old.
• Security deposit waiver on leases.
• A delayed payment option when you purchase a new Nissan. (Available on loans up to 60 months. Deferred interest added to principal balance and payable over the remaining term. Availability may vary by state.)
• Special "Grad Cash" may be available for college graduates to you help finance your new Nissan. Click on Special Offers or check with your Nissan dealer for details.

To qualify for the SignatureGRADUATE exclusive plans, all you have to do is provide proof of:

• Graduation within the next six months, or past two years, from an accredited U.S. two- or four-year university, college, graduate school or nursing school. Also eligible: students currently enrolled in graduate school.
• Present employment, or future employment beginning within 90 days of financing approval.
• Sufficient income to cover normal living expenses and car payments.
• Auto insurance.
• Approved credit.

Once you complete an application at a Nissan dealer, you should receive a decision within an hour. After that, you're on your way toward driving a Nissan.

 

Thanks for the info... Anyone our there get that SignatureGraduate loan option?

 

It doesn't apply to financing the 350Z. You can't use it. I asked.

 

I showed up with approved financing through eloan of 4.89 and the dealer preferring to get their money quicker and make something managed to beat it with 4.79 at Bank America, it wasn't much but it also let me out of the electronic payments option that eloan required for the lower rate so I guess it really compares with the 5.39 from eloan for non electronic payment.

 

Same here. I had 4.8 from PeopleFirst and the dealer got me 4.75. It is a 60 month loan. I was happy to avoid the electronic payments.

 

My dealer was the only place that offered me financing. I believe it is through the signatureGRADUATE program. (I graduated in May 2002) Since my car won't arrive for several months, the rates aren't locked. I was told somewhere between 7 and 8%. Not bad, considering the risk to the lender. My only pieces or credit history are from two credit cards.
Mika

 

Mika,

Which dealer are you getting your Z from? I'm waiting for mine from Douglas Nissan of Orange... Around October/November. They've been very straightforward and helpful so far.

Anil

 

Empire Nissan in Ontario, California. My dealer has also been very straight forward. He's been helpful when I needed help, and hasn't fed me the usual BS that most dealers do. I guess it helps that he is the fleet manager....
I'm also expecting mine in November.
Mika