Quote:
Originally Posted by NotmyGTR
So, the bank that you deal with will only give you 18K and your mad because Nissan wont finance you for 36K. R U Serious?
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No no, my bank had me already automatically preapproved for 18k loan. All I had to do is sign the agreement to do the line of credit account. The financial adviser told me if I provide proof of income he can approve me for more, but he told me to finance the car at the dealership better because he won't be able to offer anything comparable to 5.9%, so I did not apply for more credit. Of course I had no idea nissan finance will screw me over, so I'll go to the bank again on Monday and see if I can get more credit.
I have no idea how much information my bank has, but I did deposit a lot of money in that account, and I do a lot of business with them.
No, I didn't provide nissan with my income. They never asked for it. Besides, I thought it would show up in a credit check anyway. My student loan does show on the credit history, it shows the maximum I owed and what I owe now. It does not appear to show the timeframe in which I paid it off however.
If I do provide nissan with proof of income will they cut me some slack?
Anyway, I just had an idea. I need some advice. What about leasing the car and then buying it out? I mean, if I dont get a good finance rate, why not lease? The equivalent apr for lease at nissan is 6.9% (or do I need a good credit history for that too?). Additionally, interest is only on the depreciation, and not the whole cost, unlike a loan. And by the time the lease is up I would have saved much more than enough money to buy it out. Unless there are hidden costs or something else I missed? I really don't know much about leasing